by DV360 » Wed Jul 15, 2009 11:03 pm
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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"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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Posted: Thu Jul 16, 2009 01:56 am Post Subject:
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.
Posted: Thu Jul 16, 2009 10:12 am Post Subject:
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?
Posted: Thu Jul 16, 2009 11:08 am Post Subject:
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
Posted: Thu Jul 23, 2009 01:48 am Post Subject:
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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