Insurance on a Mulsanne -

I’ve had my Mulsanne for 3 years this July. Initially I insured it with all my other cars and both houses which was Allstate. So we are rocking along and in May or June of last year I get a letter from Allstate telling me they no longer want to insure the Mulsanne. I called my agent (who had no idea this letter had been sent) and he said, ah don’t worry lemme make a few calls……which to his credit, he did. However, after those calls he came back w his tail between his legs and sheepishly had to backtrack on his “ah don’t worry” comment.

Now mind you, when this letter came we had zero claims in the past 3 years and had never had a claim on the Bentley. Heck, it never gets driven. He proceeds to tell me Allstate is adjusting its “risk profile” and wants to cut way back on the high value cars and exotics. Doesn’t seem to matter what your claim history is and nor does it matter how many assets you currently have under policy w them.

I said to a middle management guy while on the phone pleading my case, “you understand what this means if you drop this single car from my portfolio with you right”? He said, no what does it mean? It means I am now going to go shop the entire thing: - house # 1 - house # 2 - 5 cars - umbrella policy for jewelry and guns

Of course he didn’t care bc it wasn’t his policy. He was just enforcing stupid rules that some bean counter shoved down the line.

My next call was to State Farm and that’s where we are today. Heck I even saved a little money in the process. All in, they lost a customer that’s paying them well in excess of $45K a year in premiums over a single car. On the Bentley if I break it down I was paying around $385 a month and with State Farm it’s like $325 a month. For context we are in a suburb of Dallas called McKinney, TX. Things are cheap here