I had State Farm a while back but had to drop them. Almost double what I could get elsewhere.
Insurance Question(s)
- Thread starter HowAboutThis
- Start date
What I hate is the liability scam. If there is one driver in the house and that driver has five cars, he pays liability five times. I get some extra cost from risk if car gets loaned out or stolen and then creates damage. But for the most part, that one driver can only drive one car at any given time. It isn't five times the liability risk. The vast majority of that risk is derived from the primary listed driver(s) causing damage or injury to others.
In the end, I'm with SF as they had the most reasonable rates and I needed home, auto, and umbrella. SF required the auto and home be with them to have the umbrella. But yeah, they have been going up. Our business policies are much lower than Hartford and we should have made that change long ago.
In the end, I'm with SF as they had the most reasonable rates and I needed home, auto, and umbrella. SF required the auto and home be with them to have the umbrella. But yeah, they have been going up. Our business policies are much lower than Hartford and we should have made that change long ago.
If someone already mentioned this and I missed it my apologies. If you are in an accident caused by an uninsured or underinsured driver your payout from uninsured/underinsured coverage would not be chargeable (or subject to deductible) while payout from collision coverage would. I experienced this personally in 2014. In simpler terms, having that "redundant" coverage kept my premiums from increasing after the payout.
WRT the medical, uninsured, liability question:
I caused an accident a few years ago with my wife and child in the car. No external medical damages and very little external property damage. My wife and child had an ambulance ride and a few hours at the ER.
You may have medical coverage, but they get pretty sketched out when it's an auto accident. Even though we're all related, technically, my liability insurance is liable for care of my wife and child. Not my/our medical insurance. The docs and hospital will all file "auto accident" and good luck convincing them otherwise. IIRC, my wife has two years to claim her injuries/treatment against our insurance and my child has until she's 18.
Second, auto insurance companies don't have negotiated rates at medical providers. EG, the provider gets to bill FULL BOOK RATE for auto incidents. Auto accidents are big profit for ambulance companies, ERs, doctors, etc. They absolutely do not want to file against your medical, because they make less money that way.
Good luck convincing your medical insurance to cover medical needs following an auto accident.
I caused an accident a few years ago with my wife and child in the car. No external medical damages and very little external property damage. My wife and child had an ambulance ride and a few hours at the ER.
You may have medical coverage, but they get pretty sketched out when it's an auto accident. Even though we're all related, technically, my liability insurance is liable for care of my wife and child. Not my/our medical insurance. The docs and hospital will all file "auto accident" and good luck convincing them otherwise. IIRC, my wife has two years to claim her injuries/treatment against our insurance and my child has until she's 18.
Second, auto insurance companies don't have negotiated rates at medical providers. EG, the provider gets to bill FULL BOOK RATE for auto incidents. Auto accidents are big profit for ambulance companies, ERs, doctors, etc. They absolutely do not want to file against your medical, because they make less money that way.
Good luck convincing your medical insurance to cover medical needs following an auto accident.
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I have been with State Farm for 14 years, zero issues and I use them for home and auto. They are always good to me! I wouldn’t use anyone else.
4wd
$50 site donor 2026
Like a good neighbor
I was with State Farm for 16 years.
When I bought a house and a new car in the same month, I really noticed an abnormally huge creep in premiums.
I then went out and did a substantial shop on my house and auto,
Ended going with Erie for a $550. a year savings in 1993 dollars.
State Farm was out and away at that time the highest.
Even going with the second most expensive bid would have saved me over $250. a year.
I have been with Erie ever since.
I have only beaten them once (and I shop policies every 2 years.)
The one time was a quote with Liberty Mutual through my College Alumni Association.
Their initial quote was several hundred more than I was paying with Erie.
When I told them no thanks, they asked me who I was with.
After telling them who I was with, they put me on hold.
When they came back, they told me that they could save me a whole $50. a year on home and auto combined.
Given their reputation at the time for full bend over on renewal, I passed.
When I bought a house and a new car in the same month, I really noticed an abnormally huge creep in premiums.
I then went out and did a substantial shop on my house and auto,
Ended going with Erie for a $550. a year savings in 1993 dollars.
State Farm was out and away at that time the highest.
Even going with the second most expensive bid would have saved me over $250. a year.
I have been with Erie ever since.
I have only beaten them once (and I shop policies every 2 years.)
The one time was a quote with Liberty Mutual through my College Alumni Association.
Their initial quote was several hundred more than I was paying with Erie.
When I told them no thanks, they asked me who I was with.
After telling them who I was with, they put me on hold.
When they came back, they told me that they could save me a whole $50. a year on home and auto combined.
Given their reputation at the time for full bend over on renewal, I passed.
- Joined
- May 5, 2018
- Messages
- 26,890
Yup
I'm with Progressive too but shop often.
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- Joined
- May 5, 2018
- Messages
- 26,890
They were so bad they kept lowering coverage to nothing and still couldn't compete...truth
Up for reinsure Home & Auto insurance again next month. Try to secure 12 months coverage to reduce the hassle, but questioning if this is a wise strategy now. I hate this game. Was going to say another one for the Regulators, but happened a few years ago in Michigan and in the end rates were marginally reduced, but so were the coverage commitments.
Like Health Care, there has got to be a better way to do this?
Like Health Care, there has got to be a better way to do this?
Whatever works for anyone is fine. Benefits of forums is for others to get ideas from all viewpoints.
A disabling accident is not going to make up for many things, the biggest one is lost wages, maybe forever lost income in the amount someone was previously making which would also include retirement income. Having an extra 250 to 500k would help a little to give some breathing room.
Shopping for insurance with full coverage in equal amounts for uninsured and underinsured could help many. Im sure I pay less than most people reading these forums and I am fully insured right across the spectrum because I do not accept rate increases. When that happens I find another company. Even since moving to our new home 3 years ago I have had 3 different auto insurers and two homeowners insurers. It's not much of an effort for me, a hobby. True - I dont even remember who my auto insurer is right now. I would have to go look. *LOL* This new insurance I paid for a full year instead of six months.
Just so we know, I pay dirt cheap rates, it's not like I struggle with high premiums. 250/500 coverage including the same for under and uninsured. 2017 traverse and 2025 equinox is less than $1,200 per year for both.
BTW- I am not trying to convince you that I am right and you wrong
we all do what we feel comfortable with. I can understand as I am not the type of person who buys all kinds of extra warranties and stuff like that. Maybe because I was self employed most of my life, I insure the things that could really ding me financially and I could care less who the company is and if I ever heard of them. Which is pretty much for the first time both my Homeowners and vehicle insurers!
Had State Farm, getting them to pay out anything was an act of congress. Switched to Erie and they have been excellent.
I look at insurance like a "utility" I could care less who the company is. I chose the lowest rate. Everything else is marketing.
I could care less who gives me electricity for my home, who takes the sewage from my home, who picks up the garbage or who insures the valuables in my life. Low cost wins its all the same.
I could care less who gives me electricity for my home, who takes the sewage from my home, who picks up the garbage or who insures the valuables in my life. Low cost wins its all the same.
Source?
What you just said would be illegal.
A whole range of illegal activity. "price fixing" "collusion" and lets not leave out the Sherman Antitrust Act and that act is a killer to companies that attempt to stifle competition.
Anyway, would never, could never happen. So keep jumping around!
best price always wins!Erie is actually an anomaly in the Insurance business and their rates don't come close to anybody else. But where they do business is extremely limited.
Yea I heard that too for the past couple years. The difference this Jan when I was about to change was a lot less than before; like a $30/6months versus the $50+ before.
Edit: to add; I was switching from progressive to geico. Geico gave me a lower quote until the very end where upon the payment screen the were like "oh we see some stuff in your insurance history so we're gonna take the quote we gave you." Low and behold, my lexus-nexus profile showed the three times I had to use the tow for my previous car.
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There are many of us who do business with Erie and it is to our benefit to do so.
However, there are many regional companies that do not have the national reach or huge budgets for asinine advertising that offer comparable value.
That is why I advocate getting an independent agent (or several) or an insurance broker to identify such opportunities.
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