Hey Guys,
I recently changed my statefarm insurance coverage to include comprehensive on my car, previously it was just liability.
My monthly premium went up from ~70 to around ~200 dollars.
This is what I expected and not anything unusual given the car and my age/driving history.
Anyways I changed my coverage on April 21st and I got a bill in the mail that included the full $200 new premium plus a "Rating change" charge of $287.55.
Apparently this rating change is "The difference in premium from the effective date of the change to the current date"
I don't understand this ra
Source of insurance-forums.net
I recently changed my statefarm insurance coverage to include comprehensive on my car, previously it was just liability.
My monthly premium went up from ~70 to around ~200 dollars.
This is what I expected and not anything unusual given the car and my age/driving history.
Anyways I changed my coverage on April 21st and I got a bill in the mail that included the full $200 new premium plus a "Rating change" charge of $287.55.
Apparently this rating change is "The difference in premium from the effective date of the change to the current date"
I don't understand this ra
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