State Farm Insurance Premium increase

[UD-4L]

I just received a statement from State Farm Insurance about my Personal Articles Policy with an increase in my premium from $60 to $75 per year. I have had the policy for over 2 years without a claim. Has anyone had a similar experience? Is this standard?

 

[Blume TMS]

Welcome to the world if insurance..... be happy... with that slight increase....

 

[Rchawks]

We had State farm for 23 yrs and our cars were getting older and premiums kept going up, with no tickets or accidents. My wife watches my dollar like hawk. I didn't want to change because of loyalty , she did and saved us a bunch of money. if other insurance carriers cover this type of insurance I'd shop around.

 

[Jet skier]

I just received a statement from State Farm Insurance about my Personal Articles Policy with an increase in my premium from $60 to $75 per year. I have had the policy for over 2 years without a claim. Has anyone had a similar experience? Is this standard?

I haven’t had that yet mine is still $60 for two drones

 

[LongRifle]

That's likely in response to a significant amount of claims for crashed drones. Consider yourself lucky. Quite a few were not offered renewals.

 

[Rchawks]

So much to learn from this site.

 

[Obsidian Sereniti]

I just received a statement from State Farm Insurance about my Personal Articles Policy with an increase in my premium from $60 to $75 per year. I have had the policy for over 2 years without a claim. Has anyone had a similar experience? Is this standard?

I just got a quote for mine and it was $75 so that’s my only experience. I would suspect this will positively fluctuate as there are more losses in the insured pool.

 

[FASTFJR]

I just received a statement from State Farm Insurance about my Personal Articles Policy with an increase in my premium from $60 to $75 per year. I have had the policy for over 2 years without a claim. Has anyone had a similar experience? Is this standard?

Sorry, might have been partly my fault. I told them they could fix it for $100, they said we don't fix we replace.

 

[SnipeUout]

Anyone use USAA?

 

[Mavicmaniac]

One has not gone up,still,paying $60 for two drones.

 

[Brevanskc]

I think it's still a pretty good deal even at $75 annually when you consider no deductible and payment in full for purchase price if crashed or loss.

 

[UD-4L]

I agree that this is still a great deal. I just wasn't sure if other people were experiencing this or whether I should question the State Farm agent if there is a reason for the increase. I just paid the premium and hope that this isn't the beginning of the end for my coverage.

 

[Simbafish]

This forum is great for info. I had previously read that State Farm was the insurance to buy for my new MM. I had read it costs $30 - $60, depending on the State you lived in. I contacted the local State Farm rep ( I told him my home owners and auto insurance was not with them) and he quoted $75. Higher than expected but now see others are being charged the higher rate so it was not just my State. Here is what he wrote, "

We can insure your drone, we would require copy of the original purchase receipt and photos of the drone (at least one with the serial number).

The minimum premium is $75.00 per year.

 

[White Fang]

Just got my PAP from State Farm Feb 24th. $60.00 Michigan

 

[67A1F DG]

I just received a statement from State Farm Insurance about my Personal Articles Policy with an increase in my premium from $60 to $75 per year. I have had the policy for over 2 years without a claim. Has anyone had a similar experience? Is this standard?

Contacted State Farm agent for drone insurance quote. He quoted $48.00 for a year. Sounds good to me. Made arrangements to meet an write the contact. So he is entering information into the computer. At one point entering the data, the machine threw an error, turns out that State Farm has raised the minimum premium cost of personal item insurance to $75.00. Agent made a call to confirm it. Still better than taking a total loss for a crashed or drowned drone.

 

[Scoop]

Just took out a policy moments ago (SE Michigan).

It was $2.75 per $100 of coverage with a $60 minimum premium.

So up to a limit of $2,181.82, it will cost $60/year.

A $75/year premium would mean (in MI) you have a $2,727.28 limit of liability.

 

[Obsidian Sereniti]

Anyone use USAA?

USAA is my carrier for home and auto. I contacted them and they said it was excluded. Some months later they contacted me and said covered under photography equipment but does not cover lost drone - like DJI Care, it must be turned in to get covered. So I went with State Farm for my drone equipment - $75 per year for two drones and associated equipment. No questions asked, loss completely covered at replacement cost.

 

[E90RAW]

USAA is my carrier for home and auto. I contacted them and they said it was excluded. Some months later they contacted me and said covered under photography equipment but does not cover lost drone - like DJI Care, it must be turned in to get covered. So I went with State Farm for my drone equipment - $75 per year for two drones and associated equipment. No questions asked, loss completely covered at replacement cost.

So with state farm you dont send in the drone?

 

[Scoop]

So with state farm you dont send in the drone?

Nope.

 

[Obsidian Sereniti]

So with state farm you dont send in the drone?

Only if we have it. You’re not penalized if it goes down in the water and you can’t retrieve it.