I'm a little more than frustrated with insurance companies these days. Why is that rates are constantly going up?
My company is in the process of renewing our health insurance benefits and it appears as though our rates are going to increase roughly 11% - 11%! Nothing major happened to cause this change. Chalk it up to general inflation???? I think not. But I need health insurance coverage - so what can I really do about it other than accept the increased premiums?
Remember when this happened? Well Steven and I received our insurance renewal policy from State Farm last week and my insurance premium has increased $800 for the year. No - you didn't read that incorrectly - $800! Mind you, I have had a perfect driving record for the past seven years - no accidents, speeding tickets or traffic violations of any kind. The first incident against my record in seven years and WHAM! It doesn't matter that the insurance company has been taking my money for the past seven years and not spent a dime - oh no....I am now considered an at risk driver and therefore must pay dearly!
I'm beyond annoyed with this one. Again - in order to drive I must have automobile insurance so what can I really do? I will be shopping around for new car insurance. I'm sure my insurance will be expensive with our companies as well - but maybe, just maybe I can save a couple hundred bucks.
Has anyone recently changed insurance companies? Any suggestions for companies that tend to have good rates? I'm in need of help here!!!