State Farm Discount Double Check Review
By now, you’ve probably seen the “State Farm Discount Double Check” commercial on television.
But in case you haven’t, it’s the one where State Farm offers to take a look at your current insurance policy to make sure you’re getting all the discounts available to you (good student, good driver, etc).
Of course, State Farm may not necessarily have a lower rate for you, even with a big discount factored in.
The ad gives the impression every insurer charges the same insurance premium for the same risk, but that their 40% discount will save you money.
Keep in mind discounts of up to 40% are relatively common nowadays.
Let’s look at a hypothetical example comparing State Farm and “Insurer A” for the same driver, coverage, and liability limits:
State Farm:
$1,000 for one year of coverage (referred to as the base premium)
40% discount
$600 insurance premium
Insurer A:
$825 for one year of coverage (referred to as the base premium)
30% discount
$577 insurance premium
As you can see, discounts are only part of the equation. The 40% discount doesn’t get us the best price here.
At the end of the day, “Discount Double Check” is just another attempt to solicit you in the hopes they have a lower insurance premium than what you currently pay.
That’s not to say there isn’t a chance they can provide you with a lower rate, but State Farm can only offer you one quote because they’re a captive agent channel.
It may be a better use of your time to get an online quote or contact an independent agent for quotes.
The independent agent’s value lies in the fact that they can offer you multiple quotes, which increases your odds of getting the best coverage at the lowest possible premium.
It’s not recommended to purchase insurance based solely on price, as the lowest may not be the best.
However, it is recommended that you get multiple quotes from a reputable agent to ensure you get the best deal.
Some of the largest, most financially stable insurance companies in the world don’t run a single commercial on TV or the radio.
They don’t need to. Their reputation speaks for itself.
Related Topics:
- Hybrid Car Insurance Discount
- Allstate Safe Driving Bonus Check Review
- Good Student Discount
- Progressive Name Your Price Review
- Good Driver Discount