State Farm or Progressive??

One thought on “State Farm or Progressive??”

1. Both State Farm and Progressive offer competitive rates, and since you’re planning to sell your motorcycle soon, it’s important to consider the overall cost and how you might recoup expenses.

   State Farm:

   • Pros: No initial fee, which means you can start coverage immediately without an upfront cost. Their monthly payment is slightly higher, but the total over six months is straightforward.
   • Cons: Monthly payments are higher than Progressive’s, and if the bike is sold early, you might not need the coverage for the entire period.

   Progressive:

   • Pros: Lower monthly rate and a lower total annual cost. While there is an initial fee, the overall cost is cheaper if you plan to keep the motorcycle for a longer period.
   • Cons: The initial fee might feel like a hit upfront, but if you only plan to use the coverage for a short time before selling, the lower monthly payments can save you money in the end.

   Recommendation:

   If you’re looking for the best short-term deal, Progressive’s lower monthly rate makes it a better option, especially since you plan to sell soon. You’ll save money overall, and assuming you sell the motorcycle before the policy renewal, you can potentially get a refund for the unused portion of coverage.

   Ultimately, I would recommend Progressive for your situation, but it’s also worth considering how long you plan to keep the motorcycle and comfort in working with either insurance provider. If customer service and ease of claims are significant factors for you, you might want to ask friends or family for their experiences with both companies.

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