State Farm Insurance Complaint - Over Price - Home Owners Policies
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!