The very first thing when we talk about the “STATE FARM” label on your statement, most likely it is related to a payment of the insurance. Just an additional part, “RO 27,” is one of the internal codes that State Farm uses to keep track of their files. Also, you may see “SFPP” which is the acronym for the State Farm Payment Plan. So, the message, “STATE FARM RO 27 SFPP,” is a sign that the insurance company made an automatic withdrawal from your bank account as part of the scheduled payment plan.
State Farm is the provider of all sorts of insurance, such as the car, the house, the life, and many more. They allow you to pay your annual bill in installments, so instead of one big payment, you get smaller, automated withdrawals every month or so. The “RO 27” helps State Farm tap the payment to your agent’s office or your policy details.
Different Ways the Charge Might Look
The description of the charge may have been changed slightly depending the method of payment, a direct debit, a debit card swipe, or a payment that was made to a missed account, for instance. “CHECKCARD STATE FARM RO 27,” “POS PURCHASE STATE FARM RO 27,” and “STATE FARM RO 27 RETRY PYMT PPD” could be some of the names that you come across. They are different in terms of characters but they all represent the same thing: your scheduled insurance payment from State Farm. The easiest way to find out that the transaction is the legit insurance payment is by just checking that “STATE FARM RO 27” part.
Why’s This Charge Showing Up?
If you have a State Farm policy that is currently in force and have chosen a payment plan, then “RO 27” is the reason why your account is showing this message. It is the money that is being taken from your account automatically to pay the insurance premium instead of a single payment. In some cases, such a charge may show up if you have added additional insurance, for example, for a new vehicle, or if a former transaction has not been successful, which means that the attempt to write the money again is the cause of the charge on your account. In both cases, it is the same as the contract you made with State Farm.
How Much and How Often?
The usual amount of the “STATE FARM RO 27” fee has a correlation with your coverage, location, and your personal information. The majority of people are faced with a monthly charge within the range of $100 to $300. In most cases, you can expect the charge to be withdrawn at the same time of the same day each month. It is quite common that if you modify your coverage, like for example, you add or remove a certain product, the charge will either go up or down, but generally, it will be quite a bit of the same from one month to another.
