Is Esurance Motorcycle Insurance Legit? A Deep Dive into Pros, Cons, and Legitimacy
Motorcycle insurance is a must-have for any rider who values their safety and peace of mind.
But with so many options available, how do you choose the best one for your needs?
In this article, we will examine Esurance’s legitimacy and evaluate its pros and cons.
Esurance is an online insurance company that offers affordable and customizable coverage for motorcycles.
It claims to provide fast and easy quotes, hassle-free claims, and excellent customer service.
Esurance’s Legitimacy
Esurance is a legitimate and reputable insurance company that has been in business since 1999.
It has strong financial backing and a high rating from AM Best, an independent agency that evaluates the financial strength and stability of insurance companies.
Esurance has an A+ rating, signifying its superior ability to pay claims and meet obligations.
State insurance departments oversee it, and it complies with consumer protection legislation.
Esurance is a subsidiary of Allstate, one of the largest and most trusted insurance companies in the US.
Allstate provides Esurance with additional resources and support, as well as a solid reputation and brand recognition.
Esurance Motorcycle Insurance Contact information
| Category | Details |
|---|---|
| Phone Number | 1-800-378-7262
Progressive Policies: 1-800-876-5581 (24/7) |
| Address | Esurance Customer Service, C/O Allstate Insurance Company, PO Box 660637, Dallas, TX 75266-0637 |
| Customer Service | Email: customerservice@csr.esurance.com
Phone: 1-800-378-7262 Facebook/Twitter: @Esurance |
| Email Address | customerservice@csr.esurance.com |
| Fax Number | 1-800-926-2869 |
| Operating Hours | Monday – Friday: 7 AM to 9 PM CST
Saturday – Sunday: 7 AM to 7 PM CST (24/7 availability for claims support) |
Pros and Cons of Esurance Motorcycle Insurance
Esurance motorcycle insurance has many advantages and disadvantages that you should consider before buying a policy. Here are some of the main ones:
Pros
- Competitive Rates: Esurance offers some of the lowest rates for motorcycle insurance in the market. According to its website, you can save up to 50% on your premium by switching to Esurance. Esurance also offers flexible payment options and no hidden fees.
- Ease of Use: Esurance makes it easy and convenient to get a quote, buy a policy, and manage your account online. You can access Esurance’s website and mobile app anytime and anywhere and get instant coverage. You can also customize your policy to suit your needs and preferences and adjust it as you go.
- Discounts: Esurance offers various discounts that can help you lower your premium even more. You can get discounts for having multiple policies with Esurance, installing anti-theft devices on your motorcycle, being a safe and responsible rider, and more.
Cons
- Coverage Options: Esurance’s coverage options for motorcycle insurance are somewhat limited compared to some of its competitors. Esurance only offers the basic types of coverage, such as liability, collision, comprehensive, medical payments, and uninsured or underinsured motorists. It does not offer some of the optional coverages that other companies offer, such as roadside assistance, rental reimbursement, accessory coverage, and more.
- Customer Service Reviews: Esurance’s customer service reviews are mixed, and some customers have reported dissatisfaction with the quality and responsiveness of the service. Some customers have complained about long wait times, rude or unhelpful representatives, and difficulty reaching a live person. However, some customers have also praised Esurance’s customer service for being friendly, helpful, and efficient. Esurance offers multiple ways to contact its customer service, such as by phone, email, chat, and social media.
- Claim Settlement Process: Esurance’s claim settlement process is also a source of both praise and criticism from its customers. Some customers have reported that Esurance settled their claims quickly and fairly and that they were satisfied with the outcome. Others have reported that Esurance took too long to process their claims or that they were unhappy with the amount or the terms of the settlement. Esurance claims to have a fast and easy claim process and that it uses advanced technology and tools to handle claims efficiently and accurately.
Is Esurance a legitimate company?
Yes, Esurance is a legitimate company that was founded in 1999 and acquired by Allstate in 2011.
It has been providing online insurance services to consumers for over 20 years and has received positive reviews from many customers.
Why is insurance so expensive?
According to some recent reviews, Esurance is more expensive than some of its competitors in terms of coverage types and optional features.
For example, a full-coverage policy with Esurance costs $1,473 per year, while the same policy with Progressive costs $1,381 per year.
Some of the reasons why Esurance may charge more are its use of technology to operate efficiently and save money, its lack of discounts for certain groups of customers, and its higher claims costs than average.
Is Esurance going out of business in 2023?
No, Esurance is not going out of business in 2023.
However, it has stopped writing new policies as of March 2023 and has redirected potential customers to its parent company, Allstate for quotes or purchases.
This means that existing Esurance policies will still be serviced by the company until they expire or are renewed.
Allstate has announced that it will phase out the Esurance brand and combine its remaining personal lines brands under a single business model by the end of 2023
Who owns Esurance?
As mentioned above, Allstate has owned Esurance since it acquired it in 2011 for approximately $1 billion.
Allstate is one of the largest insurance companies in the United States and offers a variety of products and services to individual and commercial customers.
Allstate’s website is www.allstate.com.
Conclusion
Esurance is a legitimate and reliable insurance company that offers affordable and convenient motorcycle insurance.
It has strong financial strength, a reputable parent company, and a user-friendly online platform.
However, it also has some drawbacks, such as limited coverage options, mixed customer service reviews, and variable claim settlement experiences.
Esurance motorcycle insurance might be a good choice for you if you are looking for a low-cost and simple policy and if you are comfortable managing your insurance online.
However, if you are looking for more comprehensive and personalized coverage or if you prefer more human interaction and support, you might want to compare other options and research further before making a decision.
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I am Evans, an insurance expert with a deep-rooted passion for helping people understand the world of insurance. With about 2 years of experience, I’ve dedicated my career to simplifying complex insurance concepts and providing tailored solutions. I have the knowledge and expertise to guide individuals and businesses in making informed insurance decisions, thanks to my educational background in finance and risk management and my Bachelor’s degree in Insurance and Risk Management from Columbia University. I believe that insurance is not just about policies; it’s about safeguarding dreams and ensuring financial security. I’m committed to sharing my insights and knowledge to empower others to protect what matters most.