I called Costco. $1000 lower than last year. I’m so happy

people who pay monthly, there is a 3% surcharge. Can’t believe people get shafted by pay monthly

 

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I guess I'm luckier than some of you as my State Farm cost, including all the usual discounts and including Drive Safe & Save discount, for my IS350 beginning in April will be $487. on an annual basis. I do pay by the month for all my coverages for a cost of $1.00 per month. That's half of what it would be with no discounts.

The Drive Safe discount alone is about $200. per six months. But that can really bite you (actually not hurt, but no credit discount) if you drive agressive at all, or even just moderate by most standards.

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be nice... not everyone has your available cash to pay a year at once.

 

In addition to that, some people who do pay monthly anyway, because they pay little or no surcharge, so smoothing expenses is nice. Not every company charges 3%, which I agree is crazy high (unless that's the fee for monthly billing on a credit card).

 

Insurance rates are heavily regulated by states. Billing fees and such, not as much. Such fees as the 3% mentioned add substantially to an insurance company's revenues.

 

I'm paying under $800 per year, and it ended by July. I tried to get a quote from Costco online and it like $754 per 6 months. It's crazy.

 

I used to like just paying every 6 months when I was at State Farm but Erie gave a nice discount to pay it all up front so I just paid it.