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 Posted: Wed Jul 15, 2009 11:03 pm Post subject: State farm Increases its rate by 8% from Oct 2009 |
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I have recently read news on Houston Chronicle regarding State Farm bumping thier rates by 8% on all insurances from Oct 2009. Is that right and did you got any letter from State Farm with clarification?
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"Be who you are and say what you feel because those who mind don't matter and those who matter don't mind" - Dr. Seuss
"Imagine an insurance company as a car, the president is driving, marketing has its foot on the gas, underwriting has its foot on the brakes, and the actuary is looking out the rear view mirror screaming directions."
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DV360
Full member
Joined: 09 Jul 2009
Posts: 66
11.13 Dollars($)
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| Posted: Thu Jul 16, 2009 1:56 am Post subject: |
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| I hope not. Even though I do not have them personally, usually when one raises rates the others are sure to follow. I did recently have my policy renewed and updated through my own insurance company and got a lot better deal...hopefully it was not short lived. |
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fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1988
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| Posted: Thu Jul 16, 2009 10:12 am Post subject: |
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Hey Design,
Hasn't the chronicle quoted any of the officials on the reason for this hike? Is this increase going to be restricted to a certain area or it would be universal? |
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kelvin
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Joined: 22 Nov 2005
Posts: 207
37.75 Dollars($)
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| Posted: Thu Jul 16, 2009 11:08 am Post subject: |
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| Quote: | | I have recently read news on Houston Chronicle regarding State Farm bumping thier rates by 8% on all insurances from Oct 2009. |
Did they show it as a proposition? Or is it inevitable?
If it’s something they’ve decided upon, I really don’t see any reason why a carrier should lay an 8% hike for all coverage policies. I’m sure they’re not performing to same heights for all areas. What do you think?
Steven |
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steven
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Joined: 02 Feb 2006
Posts: 760
116.97 Dollars($)
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| Posted: Thu Jul 23, 2009 1:48 am Post subject: |
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| IK know if my rates were being hiked I would be calling my agent or insurance company and asking why especially if I had a good driving record. |
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fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1988
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