State Farm Insurance Questionnaire

I get a questionaire like that every 3 years from my insurance company.

Just answer it truthfully, you'll be fine.

 

I got the same one for my Rolls from State Farm. My car sits in the garage 90% of the time

 

Like a good neiiighbor, State Farm there.

*POOF*

Here I am.

It's standard.

 

Those are standard insurance company questions.

If you drive the car to work every day then they are at a higher risk as compared to if you don’t.

Driving to work every day most people are in rush hour ( much greater density of traffic) and the chances of getting into a fender bender is much greater, so if that is the case your premiums will go up.

Fewer miles driven = less chances of getting hit = lower rates.

 

I use State Farm, and here's the issue..."To and from work" is what they see as the highest exposed vehicle, so the "answer" would be NO on the high value cars unless you really need that to be the case.

My List:
Ferrari
Ferrari
Ferrari
Ducati
TransAm
Cadillac
Toyota Truck

Now as your rates are baesd upon actual exposure my Truck is the obvious (and truthful ) "to and from work" designation, the Caddy too, but not primary. The top four cars are under a Collector car status (and stated value with inspection) which is technically "2500 miles or less per year", the bike wouldn't fit, different risk carrier on that one..

IF you drive the Rolls then I guess you could declare it, but my agent insisted they would NOT split hairs on usage on the Ferraris, and in all of my yeras of coverage and claims, the subject has never been raised...

 

I have a question...

Let's say that you have a daily driver (Honda or something) and a Ferrari. You tell your insurance company truthfully that the Honda is what you take to work and drive everyday, and that the Ferrari is basically just a weekend car.

Then one day you say to yourself "Hey, life is short... screw it. I'm going to drive the Ferrari to work everyday!". Then you get in an accident on the way to work.

Is your claim then denied by the insurance company?

That would be my fear: that I would claim something on the insurance questionnaire (that was true) then later change my behavior and get denied.

 

The questionnaire is used for rating purposes by the insurance company. As long as you have at least liability on your cars then it will be covered.

Side note: If you store a car in a different zip code than your home zip code, they could adjust the rate for that car based on statistics of the zip code (crime rate, vehicle thefts, etc)

 

i'll boycott state farm until the day i die, and all my friends and family know why too!!

 

Make no mistake, they all suck. AAA seems to be the best of the lot, though.

 

They only send this if you are insured under a low mileage policy. So yes, your rates could go up based on your answers. It's an idiot test, really.

 

Of course it will change: SF wants to make sure they insure a vehicle that is being used the least amount of time and miles!

 

SF had a major across the board price hike here in GA this month. They sent me a bill for $468 for 6 months on my 2006 F150. Went there, fought with them, told them I would leave, got it down to $414.00. My Federal credit union i use through General Dynamics has great rates. I am seriously looking into moving the truck with them, the 911 back to Hagerty, and hope to buy an Elise.

I have been with State farm for 25+ years and the are going to loose my business. First i had an agent for many years that would not write policies for the old Ferrari, Lotus or Lamborghini's I bought. 911's and muscle cars were ok. i switched to another, better agent who will insure anything, but now the prices are way up, and they keep bugging me to switch my house over to them from Farm Bureau.

I know SF insures people with better credit with good coverage, but something with the company has sure changed in the last few years. I have a clean record, good job, single, and if they w nt to run me off so be it.

 

If you chance usage and commute in the Ferrari every day it would be a good idea to let them know so you won't have any issues. Most are flexible if you want to drive it a couple times per month. Premiums are based on statistics and cost experiences.

 

State Farm in GA are lying cheating snakes. I would use Hagerty if I were you if you actually want to get a claim paid and treated well.

As for house insurance with them you may as well have nothing IMHO. Stick with Farm Bureau.

 

Also, I believe insurance companies also buy re-insurance from other insurance companies for parts of their portfolio.
The questionnaire could also be used to pool your car's risk into a reinsurance policy.

Anything with a concentrated risk is a candidate for spreading that risk to other companies.
And, as we know, it is possible to wreck a Ferrari such that the loss is well over a $50k hit.
.

 

I get the questionnaire every year for the policy on my C/4. Requested photos, details, etc.
Policy is for stated value and less than 2500 miles per year.
It goes in the trashcan.
A close friend ownes a SF agency and says it doesn't make any difference whether you send it back or not. If I recall correctly, the form has not been returned for 3 years and there has been no consequence to the policy.

 

We have SF on the cars and house. We park one of our 2wd in summer and the Fcar and Porsche in the winter. They take off the liability when the cars are parked. If we want to drive we call and they put the liability back on until I call them and repark the car. Works great.

Got a questionaire when we bought the new Porsche. Wanted to know if we drove more than 7500 mi a year. Called my agent and told them we drive 10k a year and the car is parked 4 months a year. did not change the rate.

 

Has anyone received calls from their SF agent wanting to set up an interview so they supposedly get to know you? I thought it was strange.

 

They offer financial products, (I use the bank for car loans) so that's a sales call.

My agent attends the same church, sees the cars, knows the ex wife, no interview needed.

 

Are you saying your statefarm agent would like to get to know you?

[ame]http://www.youtube.com/watch?v=80Y3l0_1US4[/ame]

In all seriousness, they haven't called me for that. Although it sounds like it's one of those marketing techniques, build rapport, business/client relationship, less likely to go elsewhere. I've always liked their service, not really had any issues with them. (edit) just saw the reply from BigTex. Makes sense. Sales pitch... offer new insurance types and products and upsell you on stuff. Makes a lot more sense than my suggestion haha.

 

Interesting....my SF agent is 'never' around to talk to; he's got several employees to do the work. All my insurance is with SF.

 

I get those survey questions all the time. I just fill them out honestly and mail them back. State Farm has been very very good to me.

 

That makes sense. They've sent credit card offers in the past. They called today for confirmation on a family portrait session they are holding, all these sales schemes are annoying.