i just started with state farm this year. my dad made an interesting point. they will pretty much not break even.
if i pay my bike premium of $30/mnth = $360 per year.
they paid me $10,000 which would mean i would have to pay my prem with no claim for over 27 years.
$360 x 27 years = $9720
even with my other policies its hard for them to really make any money.
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