State Farm Canada GONE!
01-24-2014, 07:41 PM
#1
Three Wheelin'
Thread Starter
State Farm Canada GONE!
State Farm just sold it's Canadian business to Desjardins 
State Farm claims there would be no impact to the insurance rates but I've heard that Desjardins rates are a lot higher. Anyone on here insured with Desjardins?
State Farm claims there would be no impact to the insurance rates but I've heard that Desjardins rates are a lot higher. Anyone on here insured with Desjardins?
01-24-2014, 08:58 PM
#2
Race Car
Desjardins are the ones pushing for Ajusto, the car info gathering systems which they claim could lower
rates if you "behave". Coincidence?
This doesn't bode well for sports car owners.
rates if you "behave". Coincidence?
This doesn't bode well for sports car owners.
01-25-2014, 12:09 AM
#3
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I am insured with Desjardins, found them thru an online broker..Kanetix I think (no affil), and they were the cheapest at the time. And never got "pushed" for Ajusto, I inquired myself a few weeks back. Didn't like it though, I could only get 3-4% off while "disclosing" too many driving habits
Mixed experience with Statefarm: when new to Canada they were the cheapest for a lot of people from my community including me, but realized that over the years they kept charging the same ( cheapest at the beginning) rate even after 3-4 years of faultless driving.....so I switched. Always go with an online broker at renewal, because ther will be always the odd company out there, eager to attract new business...
Mixed experience with Statefarm: when new to Canada they were the cheapest for a lot of people from my community including me, but realized that over the years they kept charging the same ( cheapest at the beginning) rate even after 3-4 years of faultless driving.....so I switched. Always go with an online broker at renewal, because ther will be always the odd company out there, eager to attract new business...
01-25-2014, 11:12 AM
#4
Rennlist Member
We switched insurance for our vehicles to Desjardins a few years ago, they had good rates for good coverage. When the papers arrived we found the insurance was actually ScotiaBank.
01-25-2014, 11:47 AM
#5
Got my notice in the mail from State Farm yesterday...
They were super cheap on my motorcycle insurance, let's hope Desjardins is equal or better. If not, time to start looking
Edit- Spoke with one of the owners and my broker, since being sold by its American counterpart, we'll be owned by a Canadian company. This could be okay if Desjardins follows our market better than previous owners. The transition is going to take 1-2 years, or so I'm told.
They were super cheap on my motorcycle insurance, let's hope Desjardins is equal or better. If not, time to start looking
Edit- Spoke with one of the owners and my broker, since being sold by its American counterpart, we'll be owned by a Canadian company. This could be okay if Desjardins follows our market better than previous owners. The transition is going to take 1-2 years, or so I'm told.
01-25-2014, 12:25 PM
#6
Pocket Sand
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Bad news for sport bike owners if they jack up rates to Desjardins levels. State Farm had the most affordable rates around for the under 30 crowd.
Looks like a lot of consolidation in the industry (intact bought a bunch of smaller co's as well). American providers are also starting to drift north (Allstate for instance) which could be a good thing if they rate risk on a company wide basis because they will be able to blend Canada around a much larger market down south. Not sure if that's how they do it though, for all I know each state could be siloed.
Looks like a lot of consolidation in the industry (intact bought a bunch of smaller co's as well). American providers are also starting to drift north (Allstate for instance) which could be a good thing if they rate risk on a company wide basis because they will be able to blend Canada around a much larger market down south. Not sure if that's how they do it though, for all I know each state could be siloed.
