Erie Insurance now offers the Auto Plus endorsement on its auto insurance policy. It offers a lot of “extras” including the following:
- Diminishing deductible
- Additional days for transportation expense
- Waived deductible in certain situations
- Increased claim expense limits
- Increased coverage limits
- Death benefit
And the best part? The endorsement is only $30 for the year (yes, you read that right) AND applies to all eligible vehicles on the policy. Read on to see all the goodies you get for this extremely low premium.
For each consecutive claims-free policy year that this policy has been in force, the Comprehensive or Collision deductible will be reduced by $100, up to a maximum reduction of $500.
Here’s an example of how it would work:
- Current comprehensive deductible is $250 and collision deductible is $500.
- Auto Plus is added at the renewal of January 1, 2019.
- There are no comprehensive or collision claims in the period of January 1, 2019- January 1, 2020.
- At the renewal of January 1, 2020, the comprehensive deductible will reduce to $150 and collision will reduce to $400.
So, in Ohio, it IS possible that your deductibles could reduce to ZERO.
In the event of a comprehensive or collision claim during the policy period, both of the original comprehensive and collision deductibles will be reset at the next renewal (so would go back to $250 comprehensive and $500 collision).
Additional days for transportation expense
In the event of a total loss, Erie will pay up to ten additional days of transportation expense which result from a covered comprehensive or collision loss after a settlement is offered. Note: you must have transportation expense on the policy as this is ADDITIONAL coverage.
You hit an icy patch and go off the road and hit a guardrail (collision loss). The cost to repair exceeds the value of the vehicle so Erie considers that a total loss and cuts you a check for the value minus your deductible.
You’re unable to get to the car lot to look at cars to buy due to your work schedule. This endorsement allows up to 10 additional days for your rental car, so you would have that additional time to go look for a new car.
Waived deductible in certain situations
Here’s the definition straight from the policy: We" will not subtract the Comprehensive or Collision deductible in the event that the "loss" involves an "auto we insure" and "your" property insured under an Erie Insurance Group homeowner policy. Only the deductible applicable to "your" homeowner policy will apply. "Your" ERIE homeowner's policy must pay for damages in excess of "your" homeowner's deductible in order for "your" auto deductible to be waived.
Here’s a great example (and a claim we see often)- you back out of your garage like a rocket, but forget that you didn’t put the garage door UP (crunch!). Normally, the damage to your garage door would fall under your homeowners policy (with its own deductible) and the vehicle damage would fall under your auto policy collision coverage(with its own deductible). You’d have TWO deductibles to pay. Most people aren’t happy to hear this.
But with the Auto Plus endorsement, your homeowners deductible would apply to both sets of damages, and the auto deductible would be waived. You’d only have to pay one deductible.
Increased claim expensed limits
Taken directly from the policy: "We" will pay for reasonable expenses "anyone we protect" may incur at "our request to help "us" investigate or defend a claim or "suit." The amount is increased from $300 to $500 per day for actual loss of earnings, limited to those days "anyone we protect" attends hearings or trials at "our" request. "We" will pay the premium for a bail bond required because of an accident or related traffic violation involving an "auto we insure," but not for bond amounts greater than the limit of protection. The amount is increased from $500 to $3,000. "We" will pay reasonable lawyers' fees which "anyone we protect" incurs because of arrest, resulting from an accident involving an "auto we insure." This amount is increased from $50 to $250.
Increased coverage limits
- Increased Emergency Travel Costs Limit (No Deductible Applies). Reimbursement for travel costs is increased from $75 per person to $150 per person.
- Increased Personal Effects Limit (No Deductible Applies). Payment for "loss" to personal effects is increased from $350 to $500.
- Increased Locksmith Costs (No Deductible Applies). Payment for the cost incurred for locksmith services if keys are accidentally locked in an "auto we insure" is increased from $75 to $125.
- Increased Sound Equipment Limit Payment for "loss" to the following equipment which is permanently installed in the "auto" other than where the auto manufacturer would normally install such equipment is increased from $1,000 to $4,000: 1. Tape players; 2. Compact disc players or recorders; 3. Digital video disc players or recorders; 4. Video cassette players or recorders; 5. Electronic navigational systems; 6. Radios; 7. Two-way mobile radios or telephones; 8. Scanners; 9. Televisions, and 10. Any other similar equipment that records, receives or transmits audio, visual or data signals.
- Increased Nonowned Trailer Limit. The limit of protection for "loss" to any "trailer" not owned by "you" is increased from $2,000 to $3,500.
Pays $10,000 per person in the event that "you" or any "relative" dies as a result of bodily injury caused by an "auto" accident. Death must result directly from bodily injury caused by an "auto" accident. Bodily injury must be sustained while "occupying" an "auto we insure" or when hit by an "auto." "We" will pay this benefit provided death occurs within one year of the date of the accident. "We" will pay the Death Benefit to the surviving spouse, if a "resident" in the same household at the time of death. If the deceased was a minor, "we" will pay the Death Benefit to a parent who was a "resident" of the same household at the time of death. If there is no such surviving spouse or parent, "we" will pay the Death Benefit to the deceased's estate.
In other words, this is a life insurance benefit included within the endorsement. For someone who has NO life insurance or not enough, this could provide for final expenses, including funeral costs.
Interested in what Erie Insurance and Erie Auto Plus can do for you? Call us or get an Erie Online Quote today! Input a few details and get an estimate of premium (we contact you to firm up the details and calculate the final rate). We'd love to help you get the best Ohio auto insurance around!