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Posted on 5/31/18 at 8:30 pm to RTRinTampa
quote:
While I believe you, I don't understand why the insurance lobby, maybe the biggest, isn't pushing for increased penalties for driving under or uninsured. I would think it would be in their interest to decrease uninsured driving to control their cost and keep their customers happy, right?
Sounds like the fault lies with the legislature and the judicial system and not private entities.
Posted on 5/31/18 at 8:33 pm to High C
Haven't used SF since 1984. You know who pays for all those ads right?
Posted on 5/31/18 at 8:39 pm to BestBanker
I can’t understand why anyone in the state of Louisiana would have State Farm. They call me once a year to tell me they can save me money I tell them what I’m paying and they say they’ll call back next year. At one point they were literally double my current rate.
Posted on 5/31/18 at 8:54 pm to LSU5508
I got a good rate on auto through SF. They just bumped it up a little. But I still have a good deal with them for auto. They don’t write home owners anywhere near me.
Posted on 5/31/18 at 9:27 pm to High C
Ditched them last year..
Got on with USAA...
What a difference. Man these guys are great. Blessed to have them.
Got on with USAA...
What a difference. Man these guys are great. Blessed to have them.
Posted on 5/31/18 at 9:30 pm to PUB
quote:
Auto Insurance has jumped 35% in the last 3 years and climbing. Insurance companies, like the rest of Corporate America, are raping consumers right now. The Insurance Commissioner is NOT the friend of the consumer by any sense of the imagination.
You have no idea what your talking about.
The problem are the lawyers in bed with with the governor and the 50k jury threshold. Highest in the country. Average in the US Is 10k.
Until then, expect high auto insurance.
Posted on 5/31/18 at 9:32 pm to Tiger Roux
I worked at a SF agency for 3 months at around the end of last year. From what I gathered everything everywhere is always going up in insurance it’s just a matter of timing. A lot of times there are subtle things the ahem can do to lower your rates but it comes at the cost of lower coverage for yourself. Which dealing with an escrow your mortgager may not like that too much depending on what’s dropping. Also like the other poster said agents can fight for you in some instances but it’s like pulling teeth a lot of the time. Corporate dgaf about anything outside of $$$.
Also to the guy that said you’re always paying for others shite (or something along those lines) that’s indemnity. Insurance wouldn’t exist without it.
Also frick insurance it’s all a scam. Outside of the top dogs everyone is getting raped that’s involved one way or the other. From agents down to insureds.
Also to the guy that said you’re always paying for others shite (or something along those lines) that’s indemnity. Insurance wouldn’t exist without it.
Also frick insurance it’s all a scam. Outside of the top dogs everyone is getting raped that’s involved one way or the other. From agents down to insureds.
This post was edited on 5/31/18 at 9:34 pm
Posted on 5/31/18 at 10:00 pm to Pedro
Insurance companies have lost a lot of battles in legislation and the result is higher payouts for liability coverages.
I see more attorney commercials than I do insurance commercials. And insurance companies aren't regional (they get a better deal on national advertising campaigns). Attorneys run for government positions (not insurance reps). It isn't a surprise that the laws continually turn in favor of litigation.
That said, insurance is no different than any other large revenue, low margin industry. If a company loses money too many years in a row, it goes out of business. And that is bad for consumers who wouldn't benefit from paid premiums. So the insurance commissioners often allow a lot of flexibility for companies to increase rates quickly.
We are living through this end result. The margins in insurance are actually pretty slim considering the large probability of losing money. The insurance industry does benefit from the higher premiums in that a 2% pretax profit is outpacing inflation.
I see more attorney commercials than I do insurance commercials. And insurance companies aren't regional (they get a better deal on national advertising campaigns). Attorneys run for government positions (not insurance reps). It isn't a surprise that the laws continually turn in favor of litigation.
That said, insurance is no different than any other large revenue, low margin industry. If a company loses money too many years in a row, it goes out of business. And that is bad for consumers who wouldn't benefit from paid premiums. So the insurance commissioners often allow a lot of flexibility for companies to increase rates quickly.
We are living through this end result. The margins in insurance are actually pretty slim considering the large probability of losing money. The insurance industry does benefit from the higher premiums in that a 2% pretax profit is outpacing inflation.
Posted on 5/31/18 at 10:53 pm to High C
I switched
Posted on 5/31/18 at 11:04 pm to High C
My State Farm went from $174-$193 over the last 3 months.
Posted on 5/31/18 at 11:05 pm to tigerbutt
Did they offer some way to offset those numbers to where it really only goes up $10 every 6 months or so?
Posted on 5/31/18 at 11:12 pm to BRgetthenet
No. Policy stayed the same. I checked my checking account and Jan and Feb was the old price and March showed the new price of $193. I heard they were going up.
This post was edited on 5/31/18 at 11:13 pm
Posted on 5/31/18 at 11:13 pm to gatorhater08
quote:
I sent my liberty mutual agent a text asking him to look at mine and the next day they lowered mine $700 a year.
So which coverages did he strip from you?
Posted on 5/31/18 at 11:14 pm to thejudge
quote:Does USAA write homeowner policies in Louisiana and auto?
Ditched them last year..
Got on with USAA...
What a difference. Man these guys are great. Blessed to have them.
This post was edited on 5/31/18 at 11:14 pm
Posted on 5/31/18 at 11:16 pm to Chad504boy
quote:
quote:
I sent my liberty mutual agent a text asking him to look at mine and the next day they lowered mine $700 a year.
So which coverages did he strip from you?
With good credit and a good claims history, any insurance company can re-rate (underwrite) your policy and you may or may not see a significant benefit. Ever hear of the discount double-check?
Posted on 5/31/18 at 11:17 pm to High C
quote:
Progressive because I got the bundle discount. I had to switch my auto from State Farm a few years ago.
Gieco crushes progressive
Posted on 6/1/18 at 3:52 am to GeeOH
Well, it's getting to the point that I am about to self insure my home. 
Heck, by dropping 2K+ in savings a year, why not?
And yes, I had enough of SF that I been with them over 30 years.
Heck, by dropping 2K+ in savings a year, why not? And yes, I had enough of SF that I been with them over 30 years.
Posted on 6/1/18 at 6:11 am to crtodd
quote:
Longevity with any company makes a difference, too.
Insurance companies must love you, because this is complete bullshite.
Posted on 6/1/18 at 7:33 am to donRANDOMnumbers
Yes and this issue suddenly appeared in the last 3 years??
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