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Updated almost 5 years ago on . Most recent reply

Is State Farm Ripping Me Off?
Colorado Home Single Family Homes
1.) New construction SFH 2145 sq ft | 4 bd 3 ba
Insurance: 593.00 on a 359k home
2.) 2003 SFH 2048 sq ft " 4 bd 2 ba
Insurance: 799.00 on a 330k home
3.) 1993 SFH 2184 sq ft 4 bd 3 ba
Insurance: 1,491.00 on a 344k home
How on earth is #3 about double?! Seriously, $1,491 for a policy? What am I missing?
All are through our State Farm agent, whom had everything; Our personal home, four cars etc.
I think I need counseling and advice.
Most Popular Reply

Colleen F.
#2 General Landlording & Rental Properties Contributor
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- Narragansett, RI
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What type of coverage? Could be age, type of construction, location. If the coverage limits are the same and you have replacement cost, construction matters.