Paul Sanchez
Esurance is a digital insurance provider that offers a range of insurance products, including car, homeowners, renters, and motorcycle insurance. The company was founded in 1999 and was one of the first to sell insurance online. Esurance offers homeowners insurance to protect single-family homes, condos, and mobile homes, including coverage for dwelling damage, personal property, and liability. They also provide renters insurance, which covers personal property, personal liability, medical payments, and loss of use. Esurance allows customers to bundle their auto and homeowners policies, offering discounts of up to 10% on both premiums.
| Characteristics | Values |
|---|---|
| Insurance Types | Car, motorcycle, homeowners, renters, and life insurance |
| Homeowners Insurance Coverage | Dwelling, personal property, liability, and additional living expenses |
| Optional Homeowners Insurance Coverage | Water backup, earthquake, and identity theft coverage |
| Renters Insurance Coverage | Personal property, liability, additional living expenses, and medical payments |
| Optional Renters Insurance Coverage | Flood protection |
| Discounts | Multi-policy, paid-in-full, multi-car, claim-free, homeowners, renters plus, and safe driving |
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What You'll Learn
Esurance renters insurance
Esurance offers renters insurance to protect policyholders' personal belongings and liability. Their renters insurance covers situations like explosions, windstorms, hail, vandalism, or theft. It also covers personal property, personal liability, medical payments, and loss of use. Esurance's renters insurance policy covers you if a guest is injured in your apartment and sues you for their medical bills. This is called medical payments coverage.
Esurance advertises its average renters insurance policy as just $14 a month, and it may be less if you bundle. You can also lower your costs if you pay your whole premium at once. Esurance offers a Renters Plus® Discount where you can bundle your auto policy with Esurance renters insurance and get up to 10% off each. You can manage everything from one convenient dashboard.
Esurance also offers online tools to help customers make informed decisions about their insurance coverage. The website has a Coverage Counselor tool that guides customers through the process of selecting the right coverage for their needs. They also have a CoverageMyWay tool that helps you figure out your coverage by asking simple questions and suggesting coverage that makes sense.
Esurance Insurance Company makes it easy to protect where you live with flexible homeowners insurance coverage, plus options for condo owners and renters. Homeowners’ insurance covers your house, personal belongings, liability, and even hotel stays if you’re displaced. Condo policies fill in what your HOA doesn’t cover, like upgrades and belongings. Renters’ insurance protects around $30,000 worth of your stuff, covers guest injuries, and helps with temporary housing if you can’t stay in your place.
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Homeowners insurance coverage
Esurance offers homeowners insurance coverage to protect policyholders' homes and personal belongings. Their standard homeowners policy includes dwelling coverage, personal property coverage, liability coverage, and additional living expenses coverage. Dwelling coverage includes damage to the home and other structures, while personal property coverage protects belongings. Liability coverage includes guest medical coverage in case a visitor is injured on the property, and living expenses coverage includes hotel stays while the home is being repaired or rebuilt due to a covered incident.
Esurance also offers optional coverage for additional protection. These include water backup coverage, earthquake coverage, and identity theft coverage. Policyholders can also add coverage for the cost of renovating to meet building codes or for rebuilding that costs more than the home's value. Additionally, Esurance provides liability coverage for landlords with two- to four-unit rental buildings, as well as fair rental income coverage to help cover lost revenue if a rented room is temporarily unavailable.
Esurance's homeowners insurance is designed to be flexible and customizable to meet the diverse needs of its customers. Their CoverageMyWay tool helps customers select the right coverage by asking simple questions and suggesting relevant options. For example, it may recommend bundling renters and auto insurance for those living in apartments, which can result in additional savings of up to 10%. Esurance also offers a range of discounts to make their policies more affordable, including multi-policy discounts when bundling homeowners and auto insurance, paid-in-full discounts, and safe driver discounts.
Overall, Esurance homeowners insurance provides comprehensive coverage for single-family homes, condos, and mobile homes. With its optional coverage enhancements and discounts, customers can tailor their policies to their specific needs and budgets. Esurance's financial stability, as indicated by its A+ rating from A.M. Best, further assures policyholders of its ability to fulfil its obligations. However, as with any insurance decision, it is important to conduct thorough research and consider various factors before choosing a homeowners insurance provider.
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Discounts and savings
Esurance offers a range of discounts and savings programs for its customers. The company provides insurance for automobiles, motorcycles, and other vehicles, as well as homeowners and renters insurance.
Multi-Policy Discount
One way to save money on Esurance is by bundling multiple policies. For example, bundling auto insurance with renters or homeowners insurance can result in a discount of up to 10% on both premiums. This allows customers to manage multiple policies conveniently from a single dashboard.
Safe Driver Discounts
Esurance rewards safe driving behaviour through its DriveSense™ program. By plugging in a device that tracks driving habits, customers can earn up to a 30% discount based on factors like braking and speed. Additionally, safe drivers without a history of claims, DUIs, or DWIs can receive up to a 40% discount on their premiums.
Anti-Theft Discount
Cars equipped with security devices qualify for anti-theft auto insurance discounts, offering savings of up to 25%. This encourages customers to take proactive measures to protect their vehicles.
Fast 5® Discount
Esurance also offers an instant 5% discount on the first-term premium when customers start their quote on the Esurance website. This automatic reward is a simple way to save without any extra steps required.
Pay Per Mile Program
The Pay Per Mile program caters to Oregon drivers who log under 10,000 miles annually. This program allows customers to pay based on usage, with any mileage over 150 miles per day being completely free.
Other Discounts
Esurance provides various other opportunities for savings, including discounts for paying premiums in full, multi-car policies, claim-free records, and being a homeowner or renter. Additionally, they offer a Refer-a-Friend program that rewards customers for referring others to the company, with potential earnings of up to $50 per referral.
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Optional coverage
Esurance offers a range of optional coverage options for homeowners insurance. These include:
- Identity theft coverage: This protects you in the event of identity theft, which can be added to your homeowners insurance policy.
- Coverage for the cost of renovating to meet building codes: This optional coverage is useful if you need to rebuild or renovate your home to comply with local building codes.
- Coverage for rebuilding that exceeds your home's value: This ensures that you are covered for the full cost of rebuilding, even if it exceeds your home's current value.
- Landlord insurance: Esurance offers liability coverage for landlords with two to four-unit rental buildings. This includes fair rental income coverage, which helps to cover lost revenue if a rented room is temporarily unavailable.
- Water backup coverage: This optional coverage is available for homeowners and renters and covers damage caused by water backup.
- Earthquake coverage: This optional coverage protects you financially in the event of an earthquake.
In addition to these optional coverages, Esurance also offers discounts for bundling homeowners and renters insurance, as well as for safe driving behaviour through their DriveSense program. Their CoverageMyWay tool helps customers figure out the coverage that makes the most sense for their needs.
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Online tools
Esurance offers a range of online tools to help customers with their insurance needs. One of the key tools is the ability to get a fast, free quote for car insurance online or over the phone. Customers can compare auto insurance rates in minutes and find the right coverage for their needs without paying for anything unnecessary. Esurance also offers the option to bundle auto and homeowners policies, potentially resulting in additional savings.
The Esurance website also provides customers with the ability to manage their coverages, limits, and deductibles. While specific details regarding rental homeowners insurance are not readily available, Esurance does offer renters insurance and allows customers to file renters insurance claims.
In addition to insurance services, Esurance provides online tools for saving money while shopping online. The Esurance Chrome Web Store extension automatically finds and applies coupon codes, earning customers cashback rewards at various online retailers. The extension also includes features to protect customers from fake reviews and bad sellers on Amazon.
With a focus on convenience and savings, Esurance's online tools aim to provide customers with a modern and personalized experience, whether it's for insurance or everyday online shopping needs.
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Frequently asked questions
Esurance is a digital insurance provider that offers a range of insurance products, including car, homeowners, renters, and motorcycle insurance.
Yes, Esurance offers homeowners insurance coverage to protect policyholders' homes and personal belongings. Their coverage options include dwelling coverage, personal property coverage, liability coverage, and additional living expenses coverage.
Esurance renters insurance covers personal property, personal liability, medical payments, and loss of use. It also covers property damage liability and guest injuries.
Esurance advertises its average renters insurance policy as just $14 a month, and it may be less if you bundle.
Esurance offers a large number of discounts to its customers, including multi-policy discounts, paid-in-full discounts, multi-car discounts, claim-free discounts, and homeowners discounts. They also have online tools to help customers make informed decisions about their insurance coverage.
