Why Is Esurance So Cheap? (9 Reasons Why)

Maybe you are wondering what makes Esurance affordable, it is because Esurance has a wide range of insurance options at low prices. 

The company’s website contains easy-to-understand information about all of the different plans, and they are all available online. 

So, you can compare them without having to call anyone or visit a physical location. Let’s discover more about it here!

Why Is Esurance So Cheap?

Esurance is cheap due to its several discounts offered to its customers. In addition, they have affordable and customizable policies. Customers have access to 24/7 online assistance that adds up to their affordability as you don’t have to consume gas in order to reach an insurance company. Also, Esurance offers lots of good deals.

Learn more about why Esurance is cheap. Here are nine reasons why. Read on to find out!

1. No Monthly Chargers

Esurance is the most affordable insurance policy available because they don’t charge you a monthly fee, unlike other insurance companies do. 

Instead, they pay your claim directly, so you can rest assured that they will cover your medical expenses, and you won’t have to worry about losing your home or covering the costs of your car.

Esurance also doesn’t have a pre-existing condition clause in our policies, which means that if you were uninsured before getting Esurance, you can still get coverage now. 

That’s right—they don’t require that you wait until an accident happens to get Esurance, so there are no waiting periods or charges for a background check.

And since Esurance pays claims directly, there are no hidden fees or charges. You pay what Esurance pays to settle your claim.

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2. 24/7 Assistance

Esurance has a great reputation with its customers and has gained trust through the years. 

Further, Esurance is known for its customer service representatives and claims representatives, who are accessible at all times of the day or night. 

So you can always get answers to your questions or get help with any problems you might be having with your auto policy or billing issues (if applicable).

3. Customizable Policies

All of their policies are completely customizable, so you can choose what type of coverage you want (liability, collision, comprehensive, etc.). 

And how much deductible you want on your policy – which means that if something happens while driving (involving another driver). 

They’ll pay out up to those limits without having to go through an expensive claim process first.

4. Esurance Offers Discounts For Purchases Made Online At Least 15 Days Before The Policy Coverage Begins

Esurance is cheap because it offers discounts for purchases made online at least 15 days before your policy coverage begins. 

Of course, this means that when you buy your policy, you will have a lower rate than if you had bought it later. 

This can be beneficial to those who need coverage right away, or have a lot of different things they want to do and may not know when they’d actually need their insurance to begin.

5. Lots Of Good Deals

Lots Of Good Deals

Esurance offers discounts based on how much you drive and where you live.

Further, their customers get access to exclusive deals and discounts (like free car insurance for those using ride-sharing services like Uber) through their social media accounts.

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Also, Esurance offers discounts for members who pay their premiums monthly, quarterly, or annually—so whether you’re looking for something quick and easy or something more flexible.

6. Affordable Policies

Esurance policies are surprisingly affordable for what they offer in terms of coverage. 

Especially when compared to other major auto insurance companies like Geico and Progressive that charge annual premiums between $500-800+.

They offer free claims handling on any property damage you incur while driving with them, which means they’ll cover 100% of the cost of repairs related to accidents caused by you or your vehicle, regardless of who was at fault for the accident.

7. More Discounts For Paying Direct Deposit

Esurance is so cheap because it offers a discount if you choose to pay your premium via direct deposit.

Direct deposit is an easy way for you to have your payments processed securely and quickly. 

It also allows you to receive funds directly into your bank account, which means that there’s no need for a check or money order.

If you’re looking for a way to save money on insurance, this is one of the best ways. In fact, Esurance offers a discount of up to 10% if you choose to pay your premium via direct deposit.

8. Offers Multi-Car Discounts

Everyone wants the best deal on any insurance. But in reality, that’s not always possible. 

The problem is that most companies are not willing to give you multiple discounts for buying multiple vehicles from them at once. 

That’s why Esurance was created—to offer you more than just one discount at a time, but instead, an entire group of discounts that work together so you can get the lowest possible price on your insurance. 

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Because of this system, they’re able to provide their customers with better deals and lower prices on car insurance than any other company out there.

9. Offers Auto-Payment Plan Discounts

Auto-deduction means you don’t have to remember to pay your bill, and the company does it for you. You can enroll in Esurance’s auto payment plan for as little as $20 per month.

If you want to get started with Esurance’s auto-deduction program, all you need is your Social Security number, address, and date of birth—and that’s it. 

That’s all the information they need to get started. Once enrolled in Esurance’s auto payment program, all you have to do is make sure that your tax information is up-to-date, and they’ll take care of everything else on their end.

It was so easy that you didn’t even need a credit card or bank account—just a Social Security number and address.

Conclusion

In the end, Esurance is successful because it fulfills a market need. It’s also worth noting that they are continually coming up with innovative ideas and having a firm grasp on what works.

By utilizing simple and efficient processes, Esurance is leading the way toward more affordable insurance. 

Of course, no one can predict the future. But one thing has become abundantly clear: Esurance has found a winning formula, and it appears to be working to many people.

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