Last Tuesday, a guy named Marcus emailed me asking why his Ioniq 5 quote jumped 40%. We went back and forth, and it turned out he'd added a bunch of unnecessary features to his State Farm EV insurance policy. Sound familiar? You're not alone - many of us get suckered into overpaying for insurance add-ons that don't add much value. Know what the kicker is? Some of these add-ons can actually increase your premiums by hundreds of dollars per year.
What State Farm EV Insurance Add-Ons Are Worth It?
I'd say about 20% of add-ons are actually worth paying for. The rest? Dead weight. Take the Tesla Model 3, for example - if you opt for State Farm's premium sound system insurance, you'll pay around $150 extra per year. But is it really worth it? That one stung - I once paid for it on my own EV, only to realize I could've just replaced the system myself for a fraction of the cost.
State Farm's roadside assistance package, on the other hand, is a solid investment - it'll run you around $30 per year, but it's saved me from some sticky situations on the road. Wild, right? Roadside assistance can be a lifesaver when you're driving an EV like the BMW iX, which can be prone to range anxiety.
Pro tip: always review your policy carefully before adding any new features - it's easy to get nickel-and-dimed by unnecessary add-ons. And don't even get me started on the so-called 'premium' features that are just rebranded versions of standard coverage.
But, I gotta ask - what's the point of paying for duplicate coverage? It's like buying a Rivian and then paying extra for a 'luxury' upgrade that's already included in the base model. Nope. Not worth it.
I'd rather put that money towards a good EV charger or some high-quality floor mats.
And, let's be real - if you're driving an EV like the Hyundai Ioniq 5, you're probably already saving money on gas and maintenance. So, why overpay for insurance?
Beware of These State Farm EV Insurance Traps
State Farm's EV insurance policies can be tricky to navigate, especially when it comes to add-ons. One trap to watch out for is the 'new car replacement' feature - it sounds great on paper, but it can end up costing you an extra $500 per year.
And, if you're not careful, you might end up paying for features that are already included in your base policy. Know what I mean? It's like buying a Tesla Model Y and then paying extra for 'advanced safety features' that are already standard.
Take State Farm's 'accident forgiveness' feature, for example - it'll run you around $100 per year, but it's only worth it if you've got a spotless driving record. Otherwise, you're just throwing money out the window.
And, let's not forget about the 'vanishing deductible' feature - it sounds cool, but it's just a fancy way of saying 'we'll reduce your deductible by $100 if you don't make any claims'. Hmm, let me rethink that - it's actually not a bad deal if you're a safe driver.
5 State Farm EV Insurance Add-Ons That Are Total Waste of Money
I've gotta say - some of these add-ons are just plain ridiculous. The 'key replacement' feature, for example, will run you around $20 per year, but it's only worth it if you're prone to losing your keys.
And, the 'personal item coverage' feature is just a rip-off - it'll cost you around $50 per year, but it only covers items up to $500. That's not even enough to replace a decent pair of sunglasses.
But, hey - if you're the type of person who loses their keys all the time, then maybe the key replacement feature is worth it. Just saying.
State Farm EV Insurance vs GEICO EV Insurance: Which Is Better?
OK, so here's the thing - State Farm's EV insurance policies are generally more comprehensive than GEICO's, but they can also be more expensive.
It's like comparing a Tesla Model 3 to a BMW iX - both are great cars, but they cater to different needs and budgets.
If you're looking for a more affordable option, GEICO might be the way to go - their EV insurance policies start at around $1,200 per year, compared to State Farm's $1,500.
But, if you're willing to pay a bit more for premium coverage, State Farm's got some great features that are worth considering.
OK So Here's the Deal With State Farm EV Insurance Add-Ons
Well, actually - I think I've made my point clear. Some add-ons are worth paying for, while others are just a waste of money.
It's like buying a Rivian and then paying extra for a 'luxury' upgrade that's already included in the base model - just doesn't make sense.
And, let's be real - if you're driving an EV, you're probably already saving money on gas and maintenance. So, why overpay for insurance?
State Farm's EV insurance policies can be tricky to navigate, but with a little research and patience, you can find a policy that fits your needs and budget.
FAQs
#### What is the average cost of State Farm EV insurance?
The average cost of State Farm EV insurance is around $1,500 per year, depending on the make and model of your vehicle, as well as your driving history and location.
#### Can I customize my State Farm EV insurance policy?
Yes, you can customize your State Farm EV insurance policy to fit your needs and budget. They offer a range of add-ons and features that can be added or removed as needed.
#### Is State Farm EV insurance worth the cost?
It depends on your individual needs and circumstances. If you're looking for comprehensive coverage and are willing to pay a bit more, State Farm's EV insurance policies might be worth considering. However, if you're on a tight budget, you might want to explore more affordable options.
#### What is the difference between State Farm EV insurance and GEICO EV insurance?
State Farm's EV insurance policies are generally more comprehensive than GEICO's, but they can also be more expensive. GEICO's policies are more affordable, but they might not offer the same level of coverage.
#### Can I get a discount on my State Farm EV insurance policy?
Yes, State Farm offers a range of discounts for EV owners, including a discount for drivers who have a good driving record and a discount for vehicles with advanced safety features.
#### Is roadside assistance included in State Farm EV insurance policies?
Yes, roadside assistance is included in some State Farm EV insurance policies, but it can also be added as an extra feature for an additional cost.
Happy driving, and don't overpay! — Alex