Pennsylvania’s Erie Insurance Announces $200M in Relief for Customers

Erie Insurance, based in Erie, Penn., will provide $200 million in dividends directly to personal and commercial auto insurance customers in the 12 states and the District of Columbia where the company does business. This relief represents about 30% of related auto insurance premiums over a two-month period, or 5% of customers’ annual premium.

This announcement is in addition to the $200 million in rate reductions the company announced earlier this month. Erie Insurance said in a company press release this is in response to the decline in miles driven due to the stay-at-home directives for COVID-19.