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State Farm Auto Deductable

Discussion in 'Ferrari Discussion (not model specific)' started by Drew Altemara, Feb 17, 2014.

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  1. Drew Altemara

    Drew Altemara Formula 3

    Feb 11, 2002
    1,537
    Tuscaloosa, AL
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    Drew Altemara
    #1 Drew Altemara, Feb 17, 2014
    My local State Farm agent is telling me the highest deductable he can write on comp and collision is $1,000 whether it is on the Ferraris or other cars. I was thinking of becoming more self insured and raising the deductable.

    Has anyone else had experience with this at State Farm?

    Thanks,

    Drew
     
  2. stever

    stever F1 Rookie
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    Apr 18, 2006
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    West. Wisconsin
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    Steve R
    #2 stever, Feb 17, 2014
    I haven't checked with our State Farm agent recently, but I was interested in doing the same thing. As I recall, the money saved from 1000 to a 2000 deductible wasn't worthwhile.

    Look into raising your home insurance deductible; ours is 1% of the homes value. That turned out to be enough savings to 'self insure'.
     
  3. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
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    Jason
    #3 TexasF355F1, Feb 17, 2014
    I've never heard of a deductible higher than $1,000. I would doubt you will find it either, no matter what insurance company you try.
     
  4. dakharris

    dakharris Two Time F1 World Champ

    Jun 7, 2001
    29,441
    Sleepy Hollow
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    Cavaliere Senzatesta
    #4 dakharris, Feb 17, 2014
    $2,500, $5,000. $100,000...depends on what league you are in.
     
  5. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    #5 PV Dirk, Feb 18, 2014
    I think of State Farm, Farmers, Allstate, etc as cookie cutter insurers. They do what is normal/common just fine. When you want to start getting creative they don't always know how to or have a way to do that. A higher end company is probably more able to handle non standard items/ideas.

    Home owners is where there is flexibility.
     

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