Can an inusurance company have a higher premium than quote.

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Posted: Sat Jul 11, 2009 9:03 pm Post subject: Can an inusurance company have a higher premium than quote.

I have taken out an auto insurance policy with State Farm at $1011.63 for the 6 month period and my insurance broker has returned, two weeks into the policy and after the payments stating that he quoted incorrectly and the underwriters have now quoted $1950 for the 6 months? can they legally do this? Where do I stand and what are my rights? Thank you

jonball7

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Joined: 11 Jul 2009
Posts: 1

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Posted: Sun Jul 12, 2009 1:35 pm Post subject:

Quote:

can they legally do this?

yep..

Quote:

Where do I stand and what are my rights?

You didn't list your state so I can't check the Dept of Ins web site, you can google same, and it will tell you if you have any recourse, I doubt there is any. Time to start getting additional quotes I guess. This happens some times...Surely you had to wonder why their quote was sooooooooo much lower than other companys right?
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

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Joined: 10 Sep 2007
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Location: Missouri
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Posted: Mon Jul 13, 2009 4:29 am Post subject:

Hello Jonball,

Quote:

can they legally do this?

I'm afraid this can happen. However, certain things I would like to know.

Have you received the initial quote online?

Has the nature of your risk changed since you have obtained the first quote?

Thanks,
Rupert

RupertWBradson

Senior member