State Farm insurance raising rates on Tesla Model S in Ohio

[ItsNotAboutTheMoney]

It may be that the incessant Geico and SF TV adverts cost money ?

As well as the TV commercials, State Farm maintains the traditional agent model and we get junk mail occasionally. It's so wasteful in the Internet era where you really just need loss assessors with a company car and a basic home office.

Profits were down 94% in 2016. Have to try to get them back somehow.

With Liberty Mutual (Prius + Volt + home) right now. State Farm became stupidly expensive several years ago. Going to look for something else next year.
(I actually hate the Liberty Mutual commercials, with their "characters" whining about how their insurance companies raised their rates because they're bad drivers.)

 

[Zorg]

State farm loooong time multi insurance customer. $2k a year for 2014 MS85, with good driver discount. SF Bay area.

 

[jjh1234]

My S replaced a car that was worth < $20. Given the 2017 S is worth so much more, and has much higher repair costs ($1200 for a new windshield for instance), it was not unreasonable to expect to pay more, on the order of $45 a month more with State Farm = $114 per month with multi-line, multi-car, antitheft, safety, and renewal discounts reported to be $560 for 6 months for the S. Looking at the line item details, the only aspect which is higher is the collision. If someone in TX is paying substantially less than $114, I would be interested in hearing what it is.

You went from a $20 car to a Tesla?

 

[SilkySmooth]

You went from a $20 car to a Tesla?

LOL, forgot the k

 

[SageBrush]

Going to look for something else next year.

If you have a good record, check out Amica

 

[murse]

Nationwide gave me the best rates for mine. So far they have been great, but I haven't had to use them yet either. Im going to check out USAA to see if they can do better.