Have you ever purchased PA car insurance and then opened your bill a year later to find that your premiums went up by more than 10 percent? Falling victim to a “random” rate increase is not ideal, especially when you have never reported a claim or received a ticket. While most insurance companies increase their Pennsylvania car insurance rates from time to time, not all of them do. If you are tired of the guesswork that is involved with budgeting for your renewal learn about the ratelock program offered by Erie Insurance Group and know exactly how much you will pay each term.
What Is Erie’s Ratelock Program?
Erie insurance is a respected insurer in Pennsylvania. The company has been protecting PA drivers and paying claims for more than 100 years. Unlike other companies, Erie is dedicated to offering auto insurance solutions that make sense to drivers on a budget. Erie’s Rate Lock Program is their newest solution. Before you start requesting Pennsylvania car insurance quotes from other providers you should take time to understand how this unique program works and how it can benefit you as a driver on a budget.
The Ratelock Program is designed to take the uncertainty out of car insurance. This feature allows all current insureds to lock in their current rates for an extended period of time so they can stay protected from rate increases that are applied throughout the state. The feature is valid even if the driver has filed an at-fault claim or if a driver on the policy has been convicted of a minor moving violation. The Rate Protection Endorsement is available in Pennsylvania and other states and is Erie’s way of making your auto insurance premiums just a bit more certain.
How Long Will Your Rates Be Locked?
You might be asking yourself how a company can promise that your rates will never change even if your driving record does. This is a legitimate question. Erie is an extremely financially stable company and is dedicated to keeping enough money in reserves to cover claims. This financial stability will benefit you as the end user because you do not have to worry about being penalized for something you did not do. When you choose Rate Lock through Erie, your will receive the special endorsement until any of the following happens:
* You add or remove a vehicle from your policy
* You add or remove a driver from your policy
* You change your primary residence
If you do not expect to make any major changes to your policy in the near future, your rates will never change.
Why You Should Lock In Your Rates
If you have not filed a claim in more than 10 years there is nothing worse than being punished the first time you have a fender bender. With Erie, you are not punished as long as you have the Rate Protection Endorsement. You need stability during economic times that are uncertain. Erie is one of the only insurance companies willing to give you the certainty you need from your auto insurance.
Where Can You Find the Rate Lock Program?
If you are convinced that Rate Lock is the right choice for you, visit the Williams Agency and quote your insurance today. Agents through this agency will help you select the right coverage amounts and the right deductibles so you have peace of mind while you are on the road. If you are on a fixed income or you have young drivers, Erie insurance has a solution for you. Visit the agency and bring everything you need to lock in you rate today.