I received a quote for a termite contract yesterday. Does this seem expensive?

I know that a lot of variables go into a termite contract, but I undoubtedly need one, as I live in the Charlotte area. My crawlspace is about 1,400 square feet and my garage slab is about 400 square feet. But I received a quote from Orkin yesterday for $1,722 (a 20% discount) for a 10 year contract. If that isn't steep enough, they want $110 every 3 months to inspect the area. This sounds insanely expensive. The local company, using the same technology, is offering $1,400 max plus $110 a year. I've heard complaints about Orkin with warranties, etc. Can anyone shed some advice? Thanks!