Auto Insurance Policy Types

If you know about term life insurance this question is for you . . I am 40 years old?

and am replacing a couple of short term policies with a 20 year 500,000$ policy. House, auto and these policies are with state farm. My quote for preferred was about $70 per month – super preferred was about $55 per month. My only risk factor (besides being male) is CHL that runs about 220. (Tried statin drugs but my liver does not like them). I did a search on the internet and it looks as if I can get the same type of policy from a number of companies for only$350-450 per month. Am I missing something? Is it more difficult to qualify for thier coverage? Need some advice. Thanks
what I meant to say was 350-400 per year – much less than the 600 -700 per year quoted at state farm

Welll, assuming you mean $450 per year . . .one thing to factor in, you can’t compare annual premiums with monthly, when the monthly has an “installment fee” built into it. You have to compare annual premiums.

But $70 a month is HIGH. I’m wondering if the installment fee is $20 or $25 . . .