Erie vs State Farm Car Insurance

Erie

Program YourTurn

Tracks hard_braking, acceleration, speed, phone_use, time_of_day

Can raise rate? No

Enrollment max rewards-based; not a premium discount

Renewal max up to $10 per two-week period for ages 16–23; up to $5 for 24+ (paid as gift cards, prepaid Visa, or charitable donations)

YourTurn is a rewards program, not a telematics premium discount. Participation itself cannot raise your premium; standard underwriting (MVR, at-fault claims) still applies independently of YourTurn. Erie markets it as a "no downside risk" program vs rate-up competitor telematics.^{TIER 1}

State Farm

Program Drive Safe & Save

Tracks acceleration, hard_braking, cornering, phone_use, speed, mileage

Can raise rate? Yes

Enrollment max Initial discount for enrolling

Renewal max Up to 30% based on how you drive; some states permit above 30%; New York capped at 30%

State exclusions CA, MA, RI

State Farm re-adjusts premium at each policy renewal (typically every six months) using up to the prior 12 months of data. The adjustment CAN be a discount OR a surcharge. State Farm specifically notes that if mileage exceeds 7,500 miles annually, premium may increase. That is a meaningful difference from telematics programs that only offer a discount. Not available in California, Massachusetts, or Rhode Island; a discount may not be available in North Carolina depending on individual facts. Enrollment uses the State Farm mobile app plus a mailed Bluetooth beacon paired with the app. Tracked behaviors include acceleration (described as starting fast off the line), braking (fast, hard stops), cornering (quick, sharp turns), phone distraction (defined as phone moving while vehicle moving and screen on), speed over posted limit by 8+ mph, and annual mileage.^{TIER 1}

Erie

AM Best FSR A (Excellent)

Long-Term ICR a+ (Excellent)

Outlook Stable

Affirmed 2025-09-01

AM Best downgraded Erie Insurance Group FSR from A+ (Superior) to A (Excellent) and ICR from aa- to a+ in September 2025, citing underwriting results and reserve adequacy. Outlook was revised to Stable from Negative in the same action. The company remains in the Excellent tier.^{TIER 1}

State Farm

AM Best FSR A+ (Superior)

Long-Term ICR aa (Superior)

Outlook Stable

Affirmed 2025-11-14

MATERIAL RATING EVENT: On November 14, 2025, AM Best DOWNGRADED the Financial Strength Rating of State Farm Mutual Automobile Insurance Company and its affiliates to A+ (Superior) from A++ (Superior), and downgraded the Long-Term ICR to "aa" (Superior) from "aa+" (Superior). Outlook was revised to stable from negative. AM Best attributed the action to a revision in the group's operating performance assessment to adequate from strong, reflecting adverse underwriting experience in private-passenger auto and homeowners, a challenging regulatory environment, and elevated weather-related losses. A+ (Superior) remains a strong rating in absolute terms; the direction of the change is the honest context to attach to it.^{TIER 1}