Are you in the market for car insurance? Look no further! In this review, we’ll spill the beans on Esurance Insurance’s pros and cons. So grab a cup of coffee and get cozy as we dive into the world of Esurance.
The Esurance Experience: Convenience at a Cost
Esurance is known for its user-friendly website and mobile app, which make it a popular choice for those who prefer to interact with their insurer online. However, this convenience comes at a price. Compared to other car insurance companies, Esurance tends to be slightly more expensive and lacks some of the discounts and features that other insurers offer.
TIME’s Take on Esurance
According to TIME’s recent review, Esurance is pricier than other leading car insurance companies. However, if you’re one of those tech-savvy drivers who loves the convenience of managing your policy online, Esurance might just be the perfect fit for you. Just keep in mind that this review applies to policies issued before March 2023.
Esurance’s Business Status: The Story Behind the Brand
In a surprising turn of events, Allstate, the parent company of Esurance, announced in 2019 that it would be retiring the Esurance brand. Although the Esurance website is still up and running, new policies are no longer being sold. If you try to get a quote on the Esurance website, you’ll be redirected to Allstate.com or another Allstate affiliate.
Existing Esurance policies issued before March 2023 are still being serviced, for now at least. However, due to the company’s evolving business situation, it’s essential to stay up-to-date as some of the information in this review may become outdated.
Esurance Auto Insurance Quote Comparison: How Does Esurance Stack Up?
Let’s take a look at how Esurance compares to other leading car insurers in terms of pricing:
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Full coverage policy: Esurance’s annual premium for a full-coverage policy is $1,473, slightly higher than the second-most expensive option, Progressive, at $1,381 per year.
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Minimum coverage policy: Esurance’s minimum-coverage policy, which includes only state-required liability insurance, costs $901. Again, this is the most expensive option compared to other carriers reviewed.
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Traffic violation impact: If you have a speeding ticket on your record, Esurance’s annual premium for you would be $1,797. While this is still on the higher side, it’s lower than Progressive’s $1,964.
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Teenage drivers: Insuring an 18-year-old with Esurance would cost you $6,656 per year, the highest among the reviewed insurers. Progressive is the second-most expensive at $5,990 per year.
Please note that individual drivers’ premiums can vary, so these figures should be used for comparative purposes only.
Esurance Coverages: Protecting What Matters to You
Esurance offers the standard coverages required by state law, including bodily injury liability, property damage liability, personal injury protection, and uninsured/underinsured motorist coverage.
Additionally, Esurance provides other optional coverages that you may need if your vehicle is financed, such as comprehensive, collision, and loan/lease (gap) coverage. To maximize your policy’s financial protection, you can also opt for emergency roadside assistance, rental car coverage, and medical payments.
Esurance Auto Insurance Discounts: Digging for Savings
When it comes to discounts, Esurance is more discreet than other insurers. However, we’ve uncovered a couple that could save you some money:
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Bundling discount: Save by insuring both your car and home with Esurance.
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DriveSense: Esurance offers an optional usage-based insurance (UBI) program called DriveSense. By downloading the DriveSense app and sharing your driving data, you can qualify for a discount. The company doesn’t disclose the maximum available discount, but safer drivers have the best chance of saving money.
More About Esurance: A Digital Pioneer
Esurance made waves in 1999 as one of the first companies to sell car insurance policies online. In 2011, it was acquired by Allstate to cater to customers who preferred online or phone interactions over traditional local agents. Esurance has always prided itself on fast and easy policy purchases without the need for a local agent’s support.
Apart from car insurance, Esurance also offers renters, homeowners, and motorcycle insurance policies.
Who is Esurance Best For?
Esurance is a great choice for those who prefer digital interactions with their car insurance provider. With online claims reporting and speedy processing times, Esurance offers convenience at your fingertips. Their highly-rated mobile apps and user-friendly website set them apart from other insurers.
Reputation, Financial Strength, and the Bottom Line
While Esurance may not be listed in JD Power’s most recent surveys of car insurance customer satisfaction or claims satisfaction, it’s important to note that the company has an A+ (Superior) rating from A.M. Best, indicating its excellent financial standing and ability to pay claims.
Esurance’s brand retirement in 2023 means you’ll need to consider Allstate’s direct-to-consumer policy options or explore other insurance providers in the future.
Frequently Asked Questions (FAQs)
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How do I cancel Esurance car insurance?
You can cancel your Esurance policy by calling: 1-800-378-7262. -
What is cheaper than Esurance?
According to recent reviews by MoneyGeek, many leading brands, such as GEICO, Progressive, Allstate, and State Farm, offer cheaper car insurance options compared to Esurance.
That’s a wrap on our Esurance Insurance review! We hope this insider look has shed some light on whether Esurance is the right fit for you. For more juicy personal finance tips and information, head over to Personal Finances Blog.