Erie Insurance Group to Provide Dividend Payout AND Annual Rate Reduction
22 April 2020

Erie Insurance Group Dividend Payout

Erie Insurance Group announced this week they will provide a dividend payout to customers who had a commercial auto policy (fleet and non-fleet policies only) and personal auto policy in force as of April 1st, 2020. The dividend will be mailed in mid-May. It will represent approximately 30% of two months premium which equates to 5% of your annual premium. To calculate the approximate divided, you can take your annual premium as of April, 1st multiply it by .30 and divide it by 6. There is no need for you to call ERIE or O’Connor Insurance to request the payment. Checks will be mailed directly to Customers with auto insurance policies in force as of April 1, 2020.

Interested to see how this dividend payout compares to what other insurance carriers are doing click here for more info: https://www.erieinsurance.com/support-center/covid/carrier-comparison

Erie Insurance Group Permanent Rate Reductions

Erie Insurance Group is filing for permanent rate reductions of approximately 5%. The rate reductions have not been yet been approved by the various Departments of Insurance in each state Erie operates. Upon approval this rate reduction will take place when your policy renews. We will keep you informed as more information becomes available to us. This is designed to assist with the on-going hardship this crisis has created. For additional information visit Erie Insurance’s website.

Erie Insurance Group Financial Assistance

If you are suffering financially from this crisis and need to have your insurance payments to Erie Insurance Group delayed please reach out to Customer Care for questions about billing and payments at 800-458-0811. Customers can also go online to request less complicated billing changes, like automatic debit holds, billing adjustments and help with non-pay cancellations at erieinsurance.com/help or Customer Online Account.

Erie Family Life Waiving Paramed Exams

Finally and probably one of the most important things is Erie Family Life is waiving paramed exams on life insurance. What usually takes several months to complete can now take a few days. A paramed is when a medical nurse comes to your home and gives you a physical- takes blood and urine sample. Now we are able to offer life insurance with no physical interaction and everything can be completed through phone or email. Plus if you have a life policy with Erie Family Life you receive a discount on your auto and home premium. There is special criteria that applies to this offer so please reach out to O’Connor Insurance for details 704-510-8884.

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President

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O’Connor Insurance Associates is fully licensed to provide personal and commercial insurance solutions for individuals, families and businesses across North Carolina.

We proudly serve families and business owners from our office in Charlotte, North Carolina. As an independent, family-owned agency since 2000, our team works with more than one insurance company to make sure homeowners, drivers, contractors, landscapers, small businesses and other personal and commercial clients receive coverage that fits their real risks.

About the Author

President & Founder

I’m Terry O’Connor, President and Founder of O’Connor Insurance Associates. I grew up in Pennsylvania, earned my bachelor’s degree at Edinboro University and my master’s at Gannon University, and in 1998 I traded snow for sunshine and moved to Charlotte. In January 2000, I started this agency on my own because I wanted to help people protect what matters most to them. More than two decades later, we’ve grown into an independent agency serving families and businesses across North Carolina, and we’ve been recognized as an IIABA Best Practices Agency every year since 2010, a distinction held by fewer than 1% of agencies nationwide.

I’ve seen firsthand how the right protection can change a family’s or a business owner’s life, and that’s why I lead with empathy, education and honest advice. As an independent agent, I work for you, not for one insurance company. I take the time to explain your options in plain language, and when you call our office, you reach a real person who knows your account.

Outside the office, you’ll usually find me outdoors hunting or fishing, or on the mat coaching wrestling as an assistant varsity coach at Mallard Creek High School. I’m also a proud supporter of the arts, usually in the front row cheering on my daughter in local theater productions. I’d be glad to review your coverage with you. Call me at 704-510-8884 or email terry@oianc.com.

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