www.foxbusiness.com
It’s not just State Farm. Almost all of them have raised rates or plan on doing it. Mine went up a couple of months ago.Gonna post his without comment:
State Farm to hike home insurance rates by 27% in this state
Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is expected to start on Aug. 15.
I know your a mod and all that-
My apologies. Please continue oh great jackass.
Oh
I missed that. My apologies. Point still remains that they aren’t the only one going up.
Irrelevant. He’s talking about Illinois. Careful he might get mad about it.
It’s late. I hate State Farm, but didn’t want to taint the thread. All good bother…may be a little drunk
To stay on topic St. Farm dropped me in 2008.
I’m still raw they dropped my now late grandfather’s auto insurance.
State Farm is the devil. They absolutely screwed over my uncle when a drunk driver hit his over the road truck in Montana (going the wrong way on the interstate in the middle of the night). The truck and trailer was totaled. The rear axles were bent beyond repair and those idiots sat on their hands for months and racked up towing yard costs and refused to pay for them when they finally paid about 75 percent of what it was worth after being threatened by his lawyer when they said they felt it could be repaired. They suck.
This is the thread replies was hoping for!!!
FFS
Maybe State Farm is trying to protect itself from future “Firey, but mostly peaceful protests” that seem to happen in cities like Chicago.
Years ago, when I had only heard of Shelter through word of mouth, I went with them because they were by far the cheapest. As soon as I started seeing their commercials, my rate started jumping.
Yeah. If you’re paying out $1.26 in claims for every $1 of premium income there are only 3 choices. Raise premiums, leave the state completely or go bankrupt. The huge costs of natural disasters over the last 2 decades have put a lot of pressure on the home insurance market. And it’s not gonna get better any time soon.
I had almost the exact same experience recently. I have never had a claim with state farm. However I checked the market out to see where we stood with everybody else. And I was highly disappointed that nobody could beat State Farm's rates on homeowners and auto. Also, the Agents that I had quoting acted like they really didn't want my business after they found out I was with State Farm currently. It was strange.
I did not inspect the immigration status of the crew that roofed my old house a couple of years ago. But I have my suspicions.
It’s not necessarily natural disasters, it’s the cost of replacement that’s killing them. Natural disasters are always there and happen but when you’re seeing those 20 percent increases every 16-18 months for materials for replacement it wrecks them.
Ha. State Farm won’t pay on roof claims. You better have video off the tree falling across the entirety of the roof and a certified time stamp on the video to have a chance.
I have USAA and my neighbor has State Farm, several years ago we have a hail storm, USAA overpaid my claim immediately, my neighbor fought with SF for months.
USAA, Nationwide, and Farm Bureau pay without very little fuss. You get what you pay for. People gripe all the time about how much FB costs but when it comes to a claim they pay with very little hassle and you get a fair market value and sometimes in my opinion they over pay.
This is how everyone should think about insurance companies. However, in my few dealings with State Farm they were massive pricks, worse than usual.
FWIW, my brother is an adjuster for Shelter in Starkville, and yes, they are a little higher in some cases, but he says they "pay out" well when you have a loss and don't BS you around.
Not knocking their quality at all. Just that they charged me more to make commercials.
The roofing problem is out of control.
Had FB for 25 years starting with first car.
