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J.D. Power and Associates Reports:
Erie Insurance Ranks Highest in New Buyer Satisfaction with the Auto Insurance Purchase Experience
For a Second Consecutive Year

The Number of Customers Shopping for New Insurance Providers Declines

WESTLAKE VILLAGE, Calif.: 23 June 2009 — Erie Insurance ranks highest among auto insurance
companies in satisfying new buyers with the purchase experience for a second consecutive year, according to the
J.D. Power and Associates 2009 Insurance Shopping StudySM released today.

With a score of 893 on a 1,000-point scale, Erie Insurance ranks highest and performs well across all three factors
driving satisfaction—distribution channel, price and policy offerings. American Family ranks second overall with
a score of 891, followed by The Hartford (889) and GEICO (886).

“For customers to be especially satisfied with their insurer during the shopping experience, it’s important for them
to think about how they prefer to be served—by a local agent, a centralized call center, a Web site or some
combination of these three channels,” said Jeremy Bowler, senior director of the insurance practice at J.D. Power
and Associates. “Depending on the channel favored by the customer, one insurer may be a better choice than
others based on their strength in that particular channel.”

For example, among the four highest-ranked insurance companies in the study, Erie Insurance and American
Family sell primarily through local market insurance agents. The Hartford has particular strength in its call center,
while GEICO customers indicate they are particularly pleased with the GEICO Web site.

The study finds that fewer insurance customers are shopping for another provider—28 percent, compared with 36
percent in 2008. Across the industry, 90 percent of auto insurance customers are retained by their current provider.

“The decline in the number of customers shopping and switching insurance providers may in part be due to the
current economic situation, as many customers are employing a hunker-down mentality,” said Bowler. “Most
customers would prefer to hold tight to their current provider, which they already know, rather than risk trying a
new provider, particularly amid negative coverage surrounding a number of insurance providers recently.”

However, the study also finds that price is the reason cited most often for shopping for a new auto insurance
provider. Among those customers who mention price as a shopping trigger, 66 percent say they just wanted to see
if they were getting the best price, while 25 percent cite an actual price increase and 5 percent say they shopped
because they received an unsolicited offer from another insurer. More than one-third of customers who shop
because of price ultimately switch insurers.

“Shoppers don’t always go with the insurer providing the lowest quote—10 percent of shoppers say they did not
purchase from the brand that offered the lowest price among the quotes they received,” said Bowler. “While price
may catch the attention of potential insurance customers, low prices alone won’t retain customers in the long run
without a high level of service.”

                                                    (Page 1 of 2)
The 2009 Insurance Shopping Study examines the purchase behaviors and overall satisfaction of buyers who shop
for a new auto insurance company. The study is based on responses from more than 13,500 consumers who
requested an auto insurance price quote from at least one competitive insurer in the past 12 months and includes
63,517 unique carrier evaluations. The study was fielded from February to March 2009.

About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services
company operating in key business sectors including market research, forecasting, performance improvement,
Web intelligence and customer satisfaction. The company’s quality and satisfaction measurements are based on
responses from millions of consumers annually. For more information on car reviews and ratings, car insurance,
health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business
unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider
meeting worldwide needs in the financial services, education and business information markets through leading
brands such as Standard & Poor’s, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is
available at http://www.mcgraw-hill.com.

Media Relations Contacts:
Jeff Perlman; Brandware Public Relations; Agoura Hills, Calif.; (310) 589-7749; jperlman@brandwaregroup.com
John Tews; J.D. Power and Associates; Troy, Mich.; (248) 312-4119; john.tews@jdpa.com

No advertising or other promotional use can be made of the information in this release without the express prior
written consent of J.D. Power and Associates. www.jdpower.com/corporate

                                                      # # #

                                                (Page 2 of 2)
                                            NOTE: One chart follows.
J.D. Power and Associates
                           2009 Insurance Shopping StudySM
                                 Customer Satisfaction Index Ranking
                                                 (Based on a 1,000-point scale)
                                                                                                       JDPower.com
                    700         750            800            850               900          950   Power Circle Ratings TM
                                                                                                       for consumers
  Erie Insurance                                                                 893
American Family                                                                  891
    The Hartford                                                                889
          GEICO                                                               886
   Auto-Owners                                                              882
             ACG                                                            881
         Allstate                                                          875
   Amica Mutual                                                            875
     State Farm                                                           874
     Nationwide                                                           872
           CSAA                                                         870
  Liberty Mutual                                                        870
Industry Average                                                      865
    Progressive                                                      859
       esurance                                                     858
         MetLife                                                    858
           ACSC                                                   853
       Travelers                                               844
        Farmers                                                843
        Mercury                                             833
    21st Century                                            831
         Safeco                                          825
              AIG                                     813


          *USAA                                                                        918

      *USAA is an insurance provider open only to U.S. military personnel and
      their families and therefore is not included in the rankings.
      Included in the study but not ranked due to small sample size are
      COUNTRY, Encompass and GMAC.

      Source: J.D. Power and Associates 2009 Insurance Shopping Study SM

      Charts and graphs extracted from this press release must be accompanied by a statement identifying J.D. Power
      and Associates as the publisher and the J.D. Power and Associates 2009 Insurance Shopping StudySM as the
      source. Rankings are based on numerical scores, and not necessarily on statistical significance. JDPower.com
      Power Circle Ratings™ are derived from consumer ratings in J.D. Power studies. For more information on Power
      Circle Ratings, visit jdpower.com/faqs. No advertising or other promotional use can be made of the information in
      this release or J.D. Power and Associates survey results without the express prior written consent of J.D. Power
      and Associates.

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Customer Satisfaction

  • 1. J.D. Power and Associates Reports: Erie Insurance Ranks Highest in New Buyer Satisfaction with the Auto Insurance Purchase Experience For a Second Consecutive Year The Number of Customers Shopping for New Insurance Providers Declines WESTLAKE VILLAGE, Calif.: 23 June 2009 — Erie Insurance ranks highest among auto insurance companies in satisfying new buyers with the purchase experience for a second consecutive year, according to the J.D. Power and Associates 2009 Insurance Shopping StudySM released today. With a score of 893 on a 1,000-point scale, Erie Insurance ranks highest and performs well across all three factors driving satisfaction—distribution channel, price and policy offerings. American Family ranks second overall with a score of 891, followed by The Hartford (889) and GEICO (886). “For customers to be especially satisfied with their insurer during the shopping experience, it’s important for them to think about how they prefer to be served—by a local agent, a centralized call center, a Web site or some combination of these three channels,” said Jeremy Bowler, senior director of the insurance practice at J.D. Power and Associates. “Depending on the channel favored by the customer, one insurer may be a better choice than others based on their strength in that particular channel.” For example, among the four highest-ranked insurance companies in the study, Erie Insurance and American Family sell primarily through local market insurance agents. The Hartford has particular strength in its call center, while GEICO customers indicate they are particularly pleased with the GEICO Web site. The study finds that fewer insurance customers are shopping for another provider—28 percent, compared with 36 percent in 2008. Across the industry, 90 percent of auto insurance customers are retained by their current provider. “The decline in the number of customers shopping and switching insurance providers may in part be due to the current economic situation, as many customers are employing a hunker-down mentality,” said Bowler. “Most customers would prefer to hold tight to their current provider, which they already know, rather than risk trying a new provider, particularly amid negative coverage surrounding a number of insurance providers recently.” However, the study also finds that price is the reason cited most often for shopping for a new auto insurance provider. Among those customers who mention price as a shopping trigger, 66 percent say they just wanted to see if they were getting the best price, while 25 percent cite an actual price increase and 5 percent say they shopped because they received an unsolicited offer from another insurer. More than one-third of customers who shop because of price ultimately switch insurers. “Shoppers don’t always go with the insurer providing the lowest quote—10 percent of shoppers say they did not purchase from the brand that offered the lowest price among the quotes they received,” said Bowler. “While price may catch the attention of potential insurance customers, low prices alone won’t retain customers in the long run without a high level of service.” (Page 1 of 2)
  • 2. The 2009 Insurance Shopping Study examines the purchase behaviors and overall satisfaction of buyers who shop for a new auto insurance company. The study is based on responses from more than 13,500 consumers who requested an auto insurance price quote from at least one competitive insurer in the past 12 months and includes 63,517 unique carrier evaluations. The study was fielded from February to March 2009. About J.D. Power and Associates Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, Web intelligence and customer satisfaction. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies. About The McGraw-Hill Companies Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor’s, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at http://www.mcgraw-hill.com. Media Relations Contacts: Jeff Perlman; Brandware Public Relations; Agoura Hills, Calif.; (310) 589-7749; jperlman@brandwaregroup.com John Tews; J.D. Power and Associates; Troy, Mich.; (248) 312-4119; john.tews@jdpa.com No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates. www.jdpower.com/corporate # # # (Page 2 of 2) NOTE: One chart follows.
  • 3. J.D. Power and Associates 2009 Insurance Shopping StudySM Customer Satisfaction Index Ranking (Based on a 1,000-point scale) JDPower.com 700 750 800 850 900 950 Power Circle Ratings TM for consumers Erie Insurance 893 American Family 891 The Hartford 889 GEICO 886 Auto-Owners 882 ACG 881 Allstate 875 Amica Mutual 875 State Farm 874 Nationwide 872 CSAA 870 Liberty Mutual 870 Industry Average 865 Progressive 859 esurance 858 MetLife 858 ACSC 853 Travelers 844 Farmers 843 Mercury 833 21st Century 831 Safeco 825 AIG 813 *USAA 918 *USAA is an insurance provider open only to U.S. military personnel and their families and therefore is not included in the rankings. Included in the study but not ranked due to small sample size are COUNTRY, Encompass and GMAC. Source: J.D. Power and Associates 2009 Insurance Shopping Study SM Charts and graphs extracted from this press release must be accompanied by a statement identifying J.D. Power and Associates as the publisher and the J.D. Power and Associates 2009 Insurance Shopping StudySM as the source. Rankings are based on numerical scores, and not necessarily on statistical significance. JDPower.com Power Circle Ratings™ are derived from consumer ratings in J.D. Power studies. For more information on Power Circle Ratings, visit jdpower.com/faqs. No advertising or other promotional use can be made of the information in this release or J.D. Power and Associates survey results without the express prior written consent of J.D. Power and Associates.