re: WSJ: "Insurers Rake In Profits as Customers Pay Soaring Premiums"

Seems like the longer you stay with your insurance company, the more they screw you. Had Allstate for 8 years and my car insurance went up by $2300 this six month period. Granted, I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years.

When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.

Yeah there were a few students from Saudi Arabia in my insurance and risk management class in grad school. It took them a while to understand how it worked.