Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Big daddy State Farm is watching
Old 01-19-2023, 03:35 PM   #1
Thinks s/he gets paid by the post
bmcgonig's Avatar
 
Join Date: Aug 2009
Posts: 1,415
Big daddy State Farm is watching

I just got my auto insurance bill which had a decent increase. I discovered that they believe Iím driving 19300 miles a year. Actually itís about 5000 or 6000. So I called and asked them how they figured the 19,300? They said that they didnít know in my particular case but told me it was from things like oil changes and smog checks etc. so apparently they have access to this data. I was amazed. My guess is that since the last two oil changes were pretty close together as I drove across country, they extrapolated that into me driving a couple thousand miles a month. The local agent is going to submit my version to see what happens.

Itís easy for me to prove my case since the car has only 13k on it in the two years since I bought it so Iíll see what they do. But I was pretty astonished by the info they thought they had.
bmcgonig is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-19-2023, 03:43 PM   #2
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 24,157
So if you live in a state that doesn't require smog checks and you change your own oil (paying cash for it so big brother doesn't know) they'll lower your rates since it looks like you're not driving at all?

Wishful thinking I am.
__________________
When I was a kid I wanted to be older. This is not what I expected.
Walt34 is offline   Reply With Quote
Old 01-19-2023, 03:44 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 33,918
What’s really annoying is that they gather pretty indirect data and come up with way wrong conclusions. Why not simply ask for an odometer reading at renewal time? A photo could be required as verification. It could be voluntary and they use their other metrics if the insured fails to provide the odometer reading.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-19-2023, 03:47 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 7,333
Quote:
Originally Posted by audreyh1 View Post
Why not simply ask for an odometer reading at renewal time? A photo could be required as verification.
But that would make it fair.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 01-19-2023, 03:49 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
OldShooter's Avatar
 
Join Date: Mar 2017
Location: City
Posts: 9,066
Why not just ditch the company? I would.
__________________
Ignoramus et ignorabimus
OldShooter is offline   Reply With Quote
Old 01-19-2023, 03:53 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: St. Charles
Posts: 3,397
Quote:
Originally Posted by audreyh1 View Post
Why not simply ask for an odometer reading at renewal time? It could be voluntary and they use their other metrics if the insured fails to provide the odometer reading.
Quote:
Originally Posted by marko View Post
But that would make it fair.
That is exactly how my insurance company (AAA) handles it. Not sure if is their policy or state required. Basically, it is to get a discount for fewer than 7,500 miles per year. It is on the honor system, but they reserve the right to confirm, and it is probably the first thing they do if you file a claim.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
CardsFan is offline   Reply With Quote
Old 01-19-2023, 03:56 PM   #7
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 16,637
Quote:
Originally Posted by audreyh1 View Post
Whatís really annoying is that they gather pretty indirect data and come up with way wrong conclusions. Why not simply ask for an odometer reading at renewal time? A photo could be required as verification. It could be voluntary and they use their other metrics if the insured fails to provide the odometer reading.
When they smog check a vehicle, the odometer reading is recorded in the state database along with the test output. No guessing involved.
__________________
Now a widower and wondering what the rest of my life has in store for me?
aja8888 is offline   Reply With Quote
Old 01-19-2023, 04:20 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 33,918
Well whatever they used they were way wrong as the 2 year old odometer reading was way under their estimate for just 1 year of driving. Seems quite suspect to me.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-19-2023, 04:34 PM   #9
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,508
How did you discover that they believed you were driving 19,300 miles a year ? I also have SF and recently got my insurance bill with a pretty decent bump on it as well. Not due until March and I plan to question the increase.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
frayne is offline   Reply With Quote
Old 01-19-2023, 04:36 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2016
Posts: 6,304
Shop, shop, shop.
COcheesehead is offline   Reply With Quote
Old 01-19-2023, 04:37 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Mar 2013
Location: Coronado
Posts: 3,270
Quote:
Originally Posted by CardsFan View Post
That is exactly how my insurance company (AAA) handles it. Not sure if is their policy or state required. Basically, it is to get a discount for fewer than 7,500 miles per year. It is on the honor system, but they reserve the right to confirm, and it is probably the first thing they do if you file a claim.
That's how they do it in CA also.
cathy63 is offline   Reply With Quote
Old 01-19-2023, 04:44 PM   #12
Thinks s/he gets paid by the post
bmcgonig's Avatar
 
Join Date: Aug 2009
Posts: 1,415
Quote:
Originally Posted by frayne View Post
How did you discover that they believed you were driving 19,300 miles a year ? I also have SF and recently got my insurance bill with a pretty decent bump on it as well. Not due until March and I plan to question the increase.


The bill came last week by email and I just paid it online. Today it came by snail mail so I looked. The information is in the middle of page 2 of 5 pages.
bmcgonig is offline   Reply With Quote
Old 01-19-2023, 04:45 PM   #13
Thinks s/he gets paid by the post
bmcgonig's Avatar
 
Join Date: Aug 2009
Posts: 1,415
Quote:
Originally Posted by OldShooter View Post
Why not just ditch the company? I would.


Possibly. I have combined house, car umbrella etc., with them and new house insurance is sometimes tough to get. But indeed worth checking,
bmcgonig is offline   Reply With Quote
Old 01-19-2023, 04:48 PM   #14
Thinks s/he gets paid by the post
bmcgonig's Avatar
 
Join Date: Aug 2009
Posts: 1,415
Quote:
Originally Posted by audreyh1 View Post
Whatís really annoying is that they gather pretty indirect data and come up with way wrong conclusions. Why not simply ask for an odometer reading at renewal time? A photo could be required as verification. It could be voluntary and they use their other metrics if the insured fails to provide the odometer reading.


Absolutely. It would be easy.
bmcgonig is offline   Reply With Quote
Old 01-19-2023, 05:14 PM   #15
Full time employment: Posting here.
 
Join Date: Jul 2020
Posts: 904
OMG.... Sorry but this is to funny not to share....

Picture this... You get your insurance bill and it jumps thru the roof... I'm talking triples.... You call and try to figure out WTF happened... They turn around and tell you that since you signed up on such and such program...
THEY TRACK YOUR CELL PHONE!!!!!!
You have been consistently speeding, running redlights, driving on the wrong side of the road!!!!!

This is a true store from an EMS coworker... Her phone was in her pocket so BOOM any time she was in the truck, driving or not... ... It took her several months to get it fixed.
__________________
Went from EMS to PDN
Earn Money Sleeping/ Paid Doing Nothing
old medic is offline   Reply With Quote
Old 01-19-2023, 05:40 PM   #16
Thinks s/he gets paid by the post
bmcgonig's Avatar
 
Join Date: Aug 2009
Posts: 1,415
Quote:
Originally Posted by old medic View Post
OMG.... Sorry but this is to funny not to share....



Picture this... You get your insurance bill and it jumps thru the roof... I'm talking triples.... You call and try to figure out WTF happened... They turn around and tell you that since you signed up on such and such program...

THEY TRACK YOUR CELL PHONE!!!!!!

You have been consistently speeding, running redlights, driving on the wrong side of the road!!!!!



This is a true store from an EMS coworker... Her phone was in her pocket so BOOM any time she was in the truck, driving or not... ... It took her several months to get it fixed.


Now THAT is funny
bmcgonig is offline   Reply With Quote
Old 01-19-2023, 07:22 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Dec 2010
Location: Midwest
Posts: 1,721
Quote:
Originally Posted by audreyh1 View Post
Whatís really annoying is that they gather pretty indirect data and come up with way wrong conclusions. Why not simply ask for an odometer reading at renewal time? A photo could be required as verification. It could be voluntary and they use their other metrics if the insured fails to provide the odometer reading.
+1
brucethebroker is offline   Reply With Quote
Old 01-19-2023, 07:27 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Dec 2010
Location: Midwest
Posts: 1,721
My agent offered a 10% discount if the ins. co. could attach a tracking device to the car to monitor use. I turned it down and asked if it was popular with others. He said more people turn it down than agree to it.
brucethebroker is offline   Reply With Quote
Old 01-19-2023, 07:45 PM   #19
Full time employment: Posting here.
 
Join Date: May 2008
Location: Lexington
Posts: 707
I remember starting out Geico just used an estimate, then asked me to send a form of what I actually drive if it is wrong (obviously it was way off). So, after doing that and confirming again it was way lower, my bills from then on were 30-40% less.

These days they let you choose to use their app that tracks your driving distance for a 10-15% discount, so they can tell much more accurately that way, though you do need to manually note down it wasn't you driving your car such as in a rental or someone else is driving their own car (which will happen a LOT with certain people, so use this with care). I don't recommend that particular step for most people, but it works great for my really limited traveling habits. With those two discounts combined, along with some smaller ones since it has been over a decade, my auto insurance is extremely low, I've never had an estimate from another company come anywhere close.
plex is offline   Reply With Quote
Old 01-19-2023, 08:09 PM   #20
Full time employment: Posting here.
RetiredAt55.5's Avatar
 
Join Date: May 2017
Location: Philly Suburbs
Posts: 700
Quote:
Originally Posted by brucethebroker View Post
My agent offered a 10% discount if the ins. co. could attach a tracking device to the car to monitor use. I turned it down and asked if it was popular with others. He said more people turn it down than agree to it.
I've been using the State Farm phone app (with Bluetooth receiver) for a couple of months, in all 4 cars.

Supposedly, it's saving us $225 every 6 months, but that includes the low mileage discount we were already getting. After 6 months at renewal, we'll be able to see if it's worth continuing, based on our 6 month driving scores. I'm consistently getting scores over 90%, well except when I take out the Miata ....

2 of my sons (25 and 23) are also using the app to save money on their own policies.

Caveat - I've been with State Farm for over 30 years and they've always treated me well, through accident claims, repairs, accident forgiveness, etc. Once or twice the low mileage discount was questioned but a quick call to the agent fixed that.
RetiredAt55.5 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 2 (0 members and 2 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Experience with (not) State Farm, Allstate bizlady FIRE and Money 26 12-17-2015 04:14 PM
Any State Farm employees/retirees here? supersharpie FIRE and Money 4 11-30-2014 07:43 AM
Any State Farm Pension owners out there? bizlady FIRE and Money 7 03-01-2014 04:18 PM
did daddy ever buy you a pony? lazygood4nothinbum Other topics 17 08-27-2007 09:44 AM

» Quick Links

 
All times are GMT -6. The time now is 02:53 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.