- Banned
- #91
Perfect timing for this thread for me.
Just this week, I pulled the plug on my State Farm agent after 44 years of being with State Farm, on all of my insurance.
What a lot of people do that have been committed for many years, could be decades, to an insurance agent, is they become complacent and are not getting the best rates. State Farm ever so slowly over the years kept marginally raising my premiums. It really is a great strategy on their part and totally my fault, for not realizing how we were being taken advantage of for being longstanding customers.
We switched over to All State for auto and homeowners, along with flood. Flood is flood,, no matter what insurance company you are with. We also shopped for term life insurance rates and found much better rates. Was able to purchase almost twice as much coverage for the next 15 years for half the premium we were being charged by State Farm. Again, all my fault, for just paying every month for year after year, and not doing proper research.
At the end of moving all of our insurance, we are now saving $2100/year in auto insurance premiums, for a family of 4. Term insurance premiums have been cut in half, for twice the coverage.
All said, we are still paying $500/month for auto insurance on 4 cars, compared to $725/month on 4 cars, with State Farm. And our deductibles are cut in half as well, from 1000/500, to 500/250.
Bottom line., Shop around and simply do not be complacent! I know it can be a pain in the behind, but by shopping around, we are now paying about $475/month less for all insurance. It took me about 4 months to do my research and ultimately move all of our insurance over to other providers.
Just this week, I pulled the plug on my State Farm agent after 44 years of being with State Farm, on all of my insurance.
What a lot of people do that have been committed for many years, could be decades, to an insurance agent, is they become complacent and are not getting the best rates. State Farm ever so slowly over the years kept marginally raising my premiums. It really is a great strategy on their part and totally my fault, for not realizing how we were being taken advantage of for being longstanding customers.
We switched over to All State for auto and homeowners, along with flood. Flood is flood,, no matter what insurance company you are with. We also shopped for term life insurance rates and found much better rates. Was able to purchase almost twice as much coverage for the next 15 years for half the premium we were being charged by State Farm. Again, all my fault, for just paying every month for year after year, and not doing proper research.
At the end of moving all of our insurance, we are now saving $2100/year in auto insurance premiums, for a family of 4. Term insurance premiums have been cut in half, for twice the coverage.
All said, we are still paying $500/month for auto insurance on 4 cars, compared to $725/month on 4 cars, with State Farm. And our deductibles are cut in half as well, from 1000/500, to 500/250.
Bottom line., Shop around and simply do not be complacent! I know it can be a pain in the behind, but by shopping around, we are now paying about $475/month less for all insurance. It took me about 4 months to do my research and ultimately move all of our insurance over to other providers.
