Is it typical for State Farm to charge this much for a policy change? I’m getting a new car delivered on Friday and trading in my old one. When I tried to update my insurance, it said the total cost for making the change would be $733 just to remove my old vehicle and add the new one. That seems outrageously high to me.
State farm policy change price?
It’s understandable to feel surprised by a significant increase in your insurance premium when changing vehicles. The cost adjustment can vary due to several factors, including the make and model of the new car, its safety ratings, repair costs, and your driving record. Some newer vehicles have higher insurance rates due to increased repair costs or higher theft rates.
To get a clearer picture, it’s a good idea to:
Review Coverage: Ensure that the coverage levels for your new car are in line with what you need. Sometimes, additional features or comprehensive coverage can inflate the cost.
Compare Quotes: If you’re concerned about the cost, it might be worth getting quotes from other insurance companies to see how they compare.
Inquire About Discounts: Ask State Farm if there are any discounts available, such as multi-policy discounts, safe driver discounts, or discounts specific to the new car.
Negotiate: Sometimes, just reaching out to your agent to discuss your concerns can lead to better options or adjustments to your policy that can lower the cost.
Ultimately, it’s worth taking the time to explore your options and ensure you’re getting the best deal for your insurance needs.