Auto Insurance

[Hail2theskins]

Originally Posted by BDBohnzie

I have State Farm...my Dad's been with them since the 70s, and since I was on his policy, when I bought my first car, I just stayed with them. They've been nothing but good to me, and my insurance rates aren't too bad (It's less than $500 for the year).

I've heard that Esurance is really good too.

State Farm is terrible, my dad has also been with them since the late 70's and recently (1 year ago may 5th) after a car accident they attempted to revoke his entire umbrella policy, thats right not just the car insurance but THE ENTIRE UMBRELLA POLICY for a family of 5, they are still trying to revoke it as we still receive letters and my dad is constantly bantering with our State Farm agent, like most insurance agencies they are scumbags, they have shown 0 respect for the fact that he has been a loyal customer for near 30 years with minimal incidents before this. boycott state farm

[TheInspector]

Originally Posted by Hail2theskins

State Farm is terrible, my dad has also been with them since the late 70's and recently (1 year ago may 5th) after a car accident they attempted to revoke his entire umbrella policy, thats right not just the car insurance but THE ENTIRE UMBRELLA POLICY for a family of 5, they are still trying to revoke it as we still receive letters and my dad is constantly bantering with our State Farm agent, like most insurance agencies they are scumbags, they have shown 0 respect for the fact that he has been a loyal customer for near 30 years with minimal incidents before this. boycott state farm

Unfortunately, that is the name of the game. Since the insurance company is a corporation, they must make profits. If they don't make profits, then the stockholders will fire the corporate officers--and the stockholders only care about their return on investment--not about ethics. This is exactly the type of behavior which gives me a terrible feeling about insurance in general.

[firstdown]

Originally Posted by TheInspector

Unfortunately, that is the name of the game. Since the insurance company is a corporation, they must make profits. If they don't make profits, then the stockholders will fire the corporate officers--and the stockholders only care about their return on investment--not about ethics. This is exactly the type of behavior which gives me a terrible feeling about insurance in general.

Statefarm is not a stock company and does not sell shares of stock so they do not have stockholders to answer too.

[TheInspector]

Originally Posted by firstdown

Statefarm is not a stock company and does not sell shares of stock so they do not have stockholders to answer too.

That is my mistake. Apparently, the policy holders own the company. Unfortunately, it is not the case for all insurance companies.

Are you a State Farm policy holder? If so, do you know what kind of influence you have over the operations of the company (to prevent immoral conduct)?

[firstdown]

Originally Posted by TheInspector

That is my mistake. Apparently, the policy holders own the company. Unfortunately, it is not the case for all insurance companies.

Are you a State Farm policy holder? If so, do you know what kind of influence you have over the operations of the company (to prevent immoral conduct)?

No I'm not a State Farm policy holder but I am in the insurance business. The policy holders don't have any say in how they operate but from what I have seen from them over the years is that they are a pretty fair company. That does not mean that they don't make mistakes because any company of that size will. They did not become the largest personal lines Co. by treating their customers poorly.

[firstdown]

Originally Posted by Hail2theskins

State Farm is terrible, my dad has also been with them since the late 70's and recently (1 year ago may 5th) after a car accident they attempted to revoke his entire umbrella policy, thats right not just the car insurance but THE ENTIRE UMBRELLA POLICY for a family of 5, they are still trying to revoke it as we still receive letters and my dad is constantly bantering with our State Farm agent, like most insurance agencies they are scumbags, they have shown 0 respect for the fact that he has been a loyal customer for near 30 years with minimal incidents before this. boycott state farm

I'm in the insurance business and did not know I was a scumbag. Thanks for letting me know. I do not work for State Farm but would find it hard to believe that your fathers accident was the only thing that cause them to non-renew his policy. If other family members have had accidents and/or tickets they would take those into to account. As for the Umbrella Policy it has the same underwriting guidlines as the auto and why would they keep a large liabilty policy if they are terminating the auto policy to get off the liability. I'm not saying that your family is a bad risk but sometimes things in a large family add up and the Insurance Co. has to make a decision to keep a policy or to cancel. The so called scumbag agent has little or no say in the matter and can only try to talk the underwriters into keeping the policy.

[TheInspector]

Originally Posted by firstdown

I'm in the insurance business and did not know I was a scumbag. Thanks for letting me know. I do not work for State Farm but would find it hard to believe that your fathers accident was the only thing that cause them to non-renew his policy. If other family members have had accidents and/or tickets they would take those into to account. As for the Umbrella Policy it has the same underwriting guidlines as the auto and why would they keep a large liabilty policy if they are terminating the auto policy to get off the liability. I'm not saying that your family is a bad risk but sometimes things in a large family add up and the Insurance Co. has to make a decision to keep a policy or to cancel. The so called scumbag agent has little or no say in the matter and can only try to talk the underwriters into keeping the policy.

Maybe it's just me, but I think he is calling the "agency" a scumbag. Either way, he is most likely pretty angry and may have said it in different terms otherwise. I'm not trying to speak for others, I am just taking a guess because I have done the same thing before.

[firstdown]

Originally Posted by TheInspector

Maybe it's just me, but I think he is calling the "agency" a scumbag. Either way, he is most likely pretty angry and may have said it in different terms otherwise. I'm not trying to speak for others, I am just taking a guess because I have done the same thing before.

No he called all insurance agencies scumbage and that what I took offence to.

[Monkeydad]

Originally Posted by firstdown

I'm in the insurance business and did not know I was a scumbag. Thanks for letting me know. I do not work for State Farm but would find it hard to believe that your fathers accident was the only thing that cause them to non-renew his policy. If other family members have had accidents and/or tickets they would take those into to account. As for the Umbrella Policy it has the same underwriting guidlines as the auto and why would they keep a large liabilty policy if they are terminating the auto policy to get off the liability. I'm not saying that your family is a bad risk but sometimes things in a large family add up and the Insurance Co. has to make a decision to keep a policy or to cancel. The so called scumbag agent has little or no say in the matter and can only try to talk the underwriters into keeping the policy.

True, it DOES help to read fineprint. Sometimes the customer is just as much or more at fault for having crappy insurance.