Erie Insurance
Erie Insurance
ERIRE INSURANCE COMPANY
Erie Insurance Group which is traded on the nasdaq under the ERIE symbol is a full service multi-line insurance company. Erie Insurance provides auto and home insurance and also commercial and life insurance. Erie Insurance is now the second largest insurer of vehicles in the state of Pennsylvania.
Erie Insurance is mainly sold through a network of independent insurance agents.
ERIE's INSURANCE geographic coverage extends to 11 states and the Washington DC.
Erie Insurance History
The Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an AUTO INSURER in 1925. Soon after on April 20, 1925 operations officiallly began.
Erie Insurance Exchange was formed as a reciprocal and Erie Indemnity Company was formed as its managing company. The annual premium charge per auto was $34. The founding purpose of the company was the same as it is today: "To provide our policyholders with as near perfect protection, as near perfect service as is humanly possible and to do so at the lowest possible cost."
In 1940 ERIE INSURANCE COMPANY added a new Insurance line - fire insurance- allowing independent agents to more fully depend on ERIE to fulfill the wide insurance needs of their valued customers. In September, 1967 the Erie Family Life Insurance Company was founded adding ERIE LIFE INSURANCE to the protection offered by ERIE Agents.
Today ERIE Insurance continues to grow and thrive and is one of Pennsylvania's most respected companies.
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