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State Farm's excuse for raising my rates 34% was "we're not making enough money". And they wanted me to sign a letter that stated that I understood that their rates were higher than my State allows but I was happy to pay them anyway, and that I consented to them continuing this practice forever. They threatened to drop me if I didn't sign and told me that I wouldn't be able to find another insurer to take me. I have not filed any claims for over fifteen years, and the two claims I did file long ago were for small amounts.
So I shopped for new insurance. I soon realized that not only could I easily find other insurers who were interested in my business, but also that I'd been paying way too much to State Farm for several years. So now I am insured by somebody else and I cancelled State Farm.
State Farm, supply-side economics doesn't apply to you. You have too much competition to get away with bullying your customers. Your bullying only works on those who are too lazy to shop around. Adios after being a (too) loyal customer for over twenty-five years!
The ONLY thing that should have ANYTHING to do with your insurance rates is YOUR DRIVING RECORD, PERIOD. There should be a FEDERAL law prohibiting ANYTHING but your driving record in setting your insurance rates, and EVERY insurance company should PUBLICALLY list those rates on their websites, on paper, and on posters in their offices. There should be NO subsidies, federal or otherwise for these companies. If they want mandatory auto insurance for drivers, they SHOULD be regulated. PERIOD!!! They SHOULD NOT be able to have their cake and eat it, too.
Had Allstate for almost 20 years. My son was hit by a drunk underage driver who was over a safety zone line went to no fault? 8 mos. later Wife's car w/alarm was stolen at maul, recovered 5 days later with rear seat and seatbelts missing, you guess it- cancelled!! Now have no loyalty to ins. companies cheapest one gets my $$$$.
And let's not forget #11, the ACA. Now every policy must include everything, 80 year old women must have maternity care and childless people must cover nonexistent children to age 26. Lot of sticker shock coming out this month.
Jacqueline Proctor of San Francisco. She and her husband are in their early 60s. They have been paying $7,200 a year for a bare-bones Kaiser Permanente health plan with a $5,000 per person annual deductible. "Kaiser told us the plan does not comply with Obamacare and the substitute will cost more than twice as much," about $15,000 per year, she says.
This new plan, Kaiser's cheapest offering for 2014, would consume about 25 percent of their after-tax income. The new plan still has a $5,000 deductible but provides coverage for things her current policy does not, such as maternity care, healthy child visits and coverage for dependents up to age 26. Proctor has no use for such coverage, since her son is 30.
Holding ones credit rating against a person for raising insurance rates should be against the law, period. Millions of people have pristine driving records, but bad credit for one reason or another, divorce, end of employment, medical hardship, just a few examples.
The car insurance industry is just another one of the industries that has slipped all those little things into their policies without too many of our Congress people taking note.
How one drives and credit ratings should not even be some thing that people should have to deal with. Is anyone out there in CONGRESS taking notes!!
I'm with Allstate and just got my home insurance statement for next year and it's up $108. 10 years I'm with them never hade a claim. I call and ask them way, ****s told me that cast of materials then up. what a BS.
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