Quote:
Originally Posted by jasonz28camaro
What coverage limits are you at with your policy? 30/60/30? 50/80/50? 100/300/100? Im no wiz at insurance figures or anything but recently I was shopping around to leave State Farm too and a branch owner of another company looked over my current policy of 30/60/30 and said that was the reason my prices were so high. For some reason having lower coverage for so long is not a good thing. I have been with state farm for over 10 years, started out with my parents then got my own when and always had the same coverage.
What he told me was that it's looked at like a bad thing and nobody will tell you this because it makes them more money keeping you at a lower rate. He told me to increase my coverage with state farm and get back to him, I chose the 100/300/100 and it cost an extra $5 a month. After a week I went back to him and in whatever insurance database they pull your info from it showed I had the higher coverage and he quoted me again and it dropped like $80 a month and he was able to get me the higher 100/300/100 coverage. His original quote was with the same coverage as my current plan 30/60/30 and came out to just about the same amount. I also think I remember him telling me he could not put me directly into the higher coverage plan until I raised mine with state farm but not sure.
Not sure if this can help you or not? You probably already know this stuff and more than I do but maybe it can help someone reading this if you can make out what the hell I'm talking about.
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This is 100% new to me and fascinating. Thanks for that.