Is Your New Car Covered Under Your Auto Insurance Policy?
Posted: November 8, 2024
You’ve been patiently searching for the perfect new car. You just signed your name on that last piece of endless paperwork. Now, with keys in hand, it’s finally time to drive off the lot. But as you take in that new car smell, a thought suddenly crosses your mind: Do I have insurance? Good news: If you’re an Erie Insurance customer (listed as the named insured),...
6 Ways To Maximize Your Electric Car Battery Performance in Cold Temperatures
Posted: November 4, 2024
No one wants to be stranded in a car in the winter. At best, you could be cold and late as you wait for a tow or a ride; at worst, you are in danger of experiencing freezing temperatures or becoming involved in an accident. If you drive an electric vehicle (EV), it’s even more important to be prepared for winter weather because all EV...
How much car insurance do I need?
Posted: October 14, 2024
Determining how much insurance you need to be fully protected and fit into your budget is a tricky task. Many factors come into play when answering this question. Things like state minimums, lender requirements, and the value of your assets are all considered when determining the answer. How much car insurance is enough? The answer to this question will vary wildly depending on many factors...
What is Full Coverage Insurance?
Posted: October 7, 2024
If you’ve ever bought or leased a car, there’s a pretty good chance you’ve been told you need “full coverage” auto insurance while under a loan or lease. But what exactly does that mean? Honestly, there is no such thing. It is not a term generally used by insurance companies because no insurance company can cover 100% of all situations, which is why so many...
When is a Car Considered Totaled—And What Happens When It Is?
Posted: September 30, 2024
The first step in determining whether a car is totaled (or, in insurance terms, a total loss) is to calculate its actual cash value (ACV) at the time of the loss. The ACV is how much your vehicle is worth after factoring in depreciation. On average, vehicles depreciate more than 20 percent in the first year and approximately 10 percent each additional year for the...