We were new to the area and called Farm Bureau to get an insurance quote for our cabin that we had purchased. We were quoted just over $4366.00 for a years insurance. Upon questioning the high cost, we were told it was a rental property and hence the astronomical price! We asked if we looked around and found a lower price would they adjust accordingly or cancel our policy. YES! We went ahead and paid for the policy in full. A couple weeks later, we had a conversation with a state farm agent only to be told we have been ripped off by $2761.00! We called and asked if the Farm Bureau will adjust their rate, NO! How about we cancel and go with State Farm. Sure, BUT there will be a small cancellation fee. It only made sense to Cancel a $4366.00 quote and go with a $1605.00 quote. Saving us $2761.00! The small cancellation fee turned out to be just over $500.00 and the couple weeks that we had insured through the Farm Bureau costed us $600.00. The math did not add up! Well, since it is for a few weeks and not for a whole year, the cost is higher. Moral of my story: Shop your insurance policy! The same coverage (Actually better coverage) may save you almost THREE THOUSAND DOLLARS!
Farm Bureau Insurance is a US Insurance Agency based in Broken Bow, Oklahoma. Farm Bureau Insurance is located at 24 N Main St, Broken Bow, OK 74728, USA.
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