State Farm Insurance - new underwriting system does not allow to add vehicle to exisiting policy???
I have four small trucks (Tacomas) insured for my business with State Farm in Florida. I am adding an additional truck (tacoma) and is quoted 3 times more in premium than the exisitng vehicles. The agent tells me that they have a new underwriting system that does not recognize the existing policy so the vehicle is underwritten as a single vehicle and as such does not receive any "fleet" discount. When the existing policy comes up for renewal they will underwrite the five vehicles together and the rate should come down.
It sounds crazy that a large company such as State Farm would roll out a new system that would ignore exisitng policies and in essence make them loose business. Any State Farm agents out there with some insight? Could this really be right?