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State Farm Insurance Complaint - Over Price - Home Owners Policies
Home Owners Policies - Complaint
FLORIDA -- I recently received a bill from State Farm Insurance indicating that my home owner's policy had increased by by more than 50 percent. At first I thought it was a mistake since I have had State Farm Insurance for many years and never made any claims. State Farm increased their premiums to a astronomical rate. I am just a middle class worker and this certainly has put a burden on my budget.
I contacted state Farm and the excuses range from inflation to disasters. I asked the State Farm agent to review my policy to see if there was any possibility in reducing my rates. The agent advised me that there was not much she could do since my coverage was already at it's minimum. Upon advising that I would look at other insurance companies, she immediately advised me that she found a reduction and that my insurance premium would be reduced by $200. This agent reminded me of a desperate car salesman, you know the one that gives you five different deals while you are sitting in the office. I asked the agent why State Farm raised the prices and she stated it was the county I resided in. This did not make any sense since the county I reside received minimal damage from a hurricane and the crime rate is very low. The county just north of us has a higher crime rate and was hit severely by a hurricane, but their premiums are a lot lower.
I recently found an insurance company who has a lower premium so I will be dropping State Farm. It appears that insurance companies are doing what ever the hell they want ripping off the consumer. They claim that they are cutting back and increasing their rates to compensate for the money they have paid out recently. What about the money we have paid all of these years. I think you guys are fat rats!
Who has the biggest sky scrapers in the big cities? Insurance companies, so don't tell us you are in need of money. Shame on you. If I could get every person in the world to leave State Farm I would lead the project!
I contacted state Farm and the excuses range from inflation to disasters. I asked the State Farm agent to review my policy to see if there was any possibility in reducing my rates. The agent advised me that there was not much she could do since my coverage was already at it's minimum. Upon advising that I would look at other insurance companies, she immediately advised me that she found a reduction and that my insurance premium would be reduced by $200. This agent reminded me of a desperate car salesman, you know the one that gives you five different deals while you are sitting in the office. I asked the agent why State Farm raised the prices and she stated it was the county I resided in. This did not make any sense since the county I reside received minimal damage from a hurricane and the crime rate is very low. The county just north of us has a higher crime rate and was hit severely by a hurricane, but their premiums are a lot lower.
I recently found an insurance company who has a lower premium so I will be dropping State Farm. It appears that insurance companies are doing what ever the hell they want ripping off the consumer. They claim that they are cutting back and increasing their rates to compensate for the money they have paid out recently. What about the money we have paid all of these years. I think you guys are fat rats!
Who has the biggest sky scrapers in the big cities? Insurance companies, so don't tell us you are in need of money. Shame on you. If I could get every person in the world to leave State Farm I would lead the project!
Comments:
Posted by jenjenn on 2007-09-24:
I had a fairly reasonable insurance company up until this Summer. I decided to switch to Travelers and saved over $350 on my homeowners/car insurance. You may want to check them out. They're very professional & prompt! So far, I like them a lot.
Posted by Hugh_Jorgen on 2007-09-24:
You are fortunate to live in a part of Florida where State Farm still writes policies. A good friend in the Tampa area has had four insurers in the past ten years as more and more of them leave the state.
Posted by old fart on 2007-09-24:
There is an advantage in living in Michigan..as crappy as it is, My state farm policy dropped by 8 bucks a month and I got a $15 dividend check a couple of months ago..It is by far the cheapest insurance available and I have full coverage.
I had a minor fender scraper a couple of months ago(not my fault), and they paid the $550 claim without batting an eyelash..
I had a minor fender scraper a couple of months ago(not my fault), and they paid the $550 claim without batting an eyelash..
Posted by moneybags on 2007-09-24:
By any chance, do you qualify for USAA? We, om the Gulf Coast of Alabama, as well as our friends and victims in Mississippi, Louisiana and the Florida panhandle feel an d know your pain.
Posted by flipper on 2007-09-24:
I, too, live in Florida and have State Farm homeowners insurance. I would have been happy if my insurance had only gone up 50%. It went up 75%! I also have never had a claim.
Posted by lobo65 on 2007-09-24:
I live on the MS Gulf Coast, and my insurance has been raised dramatically too. I jettisoned Allstate for USAA, but nobody is writing wind/hail coverage here any more. I had to go into the state wind pool program, which wound up doubling my mortage each month. My payment went from $644.00 a month to $1026.00, and that's with a $1,000.00 deductible. That's half my monthly take home pay.
The only damage I received from Katrina was some missing shingles--had to get a new roof. After the shady practices they displayed here, and with tornado victims in Oklahoma, State Farm would be the last company I would ever choose. I had them once for car, and they were more expensive than anyone else for the same coverage.
The only damage I received from Katrina was some missing shingles--had to get a new roof. After the shady practices they displayed here, and with tornado victims in Oklahoma, State Farm would be the last company I would ever choose. I had them once for car, and they were more expensive than anyone else for the same coverage.
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