Complaint Review: Farmers Insurance Company(Hal Matthews)

I've had Nationwide Insurance over 10 years. My credit has been horrible since the day I got my insurance as I chose badly when marrying and wound up raising my son as a single parent.

I've always had the best quotes from Nationwide, but they pulled my credit history this year and decided it was worth $480 a year to them so they raised my auto insurance based on my credit rating. If it weren't for other stupid drivers, I would just get the state standard $500 fee for not having insurance. I've caused no accidents, had no tickets.

Nationwide, following in the steps of Enron, are taking from the people who can least afford it. This is what the Bush regime has turned corporations into with their Haliburton croneyism. Bush's example has led the clarion call for major corporations to feed on the poor to separate the classes even further.

Val, Randy is right, forget loyality to Farmers or any insurance carrier for that matter. I just switched my insurance from Farmers to Metlife a few months ago.



My Farmers bill went from $410 to $630 from last year to this year and I have an excellent credit rating. I haven't submited any claims nor have changed anything from last year.



I immediatly searched other carries for quotes and found several carriers that offered a cheaper rate for the same or better coverage... Statefarm, Allstate, and Metlife quoted me a rate less than $300.



When I asked my Farmers agent what happened he gave me a lame excuse (must of been some mistake) and said he would look into it. He came back with a cheaper rate $498 (I looked over the policy and seen he increased the deductible and changed some of the coverages so the rate would drop.)



Insurance Companies only care about the bottom line, long went the days where being a loyal customer had some weight on a claim or an annual rate. Get two speeding tickets or submit two claims and see what happens to your auto or home insurance, they will drop you like a hot potato even if you had them for 25 years and never submitted a claim before. (I learned this a long time ago when I was a loyal American Family Insurance customer for over 15 years.) I shop for the best price on the same coverage.



One last suggestion is to read and understand your insurance policy. Make sure you are aware of what coverage you are paying for and what you need. If you don't understand what your being covered for then a slick agent will drop a endorsement, the values or exclude an important coverage like the flood endorsment (if needed) to lower the rate.



Always compare apples to apples and ask for a copy of your declaration page and summary of what the coverage means. Use that to compare, Nobody will look out or cares for your interest better than yourself.

I am an agent with Farmers and I'll tell you that using credit is here to stay. Over 90% of the companies in the country use some form of credit based risk assessing. They either use it to discount, like Farmers does, or they use it to qualify you for insurance.



Believe it or not, stats back up the fact that people with better credit, on average, have fewer and less frequent claims than people with poor credit. This does not specifically apply to you, but insurance is not about individuals, its about the law of large numbers. Combine that with the fact that every homeowner insurance carrier in the country is getting killed by claims of all kinds.



Rates are going up faster than I have ever seen, so I'm sure in your state that is a huge portion of the increase. I do have to say this though...just shop around. If you can find it cheaper, go for it.



Just because a company charges a particular rate or uses a certain criteria to determine your rate doesn't mean that you have to stay with them or that its a rip off. Find a company that doesn't use credit as a criteria and switch to them.

I am an agent with Farmers and I'll tell you that using credit is here to stay. Over 90% of the companies in the country use some form of credit based risk assessing. They either use it to discount, like Farmers does, or they use it to qualify you for insurance.



Believe it or not, stats back up the fact that people with better credit, on average, have fewer and less frequent claims than people with poor credit. This does not specifically apply to you, but insurance is not about individuals, its about the law of large numbers. Combine that with the fact that every homeowner insurance carrier in the country is getting killed by claims of all kinds.



Rates are going up faster than I have ever seen, so I'm sure in your state that is a huge portion of the increase. I do have to say this though...just shop around. If you can find it cheaper, go for it.



Just because a company charges a particular rate or uses a certain criteria to determine your rate doesn't mean that you have to stay with them or that its a rip off. Find a company that doesn't use credit as a criteria and switch to them.

I am an agent with Farmers and I'll tell you that using credit is here to stay. Over 90% of the companies in the country use some form of credit based risk assessing. They either use it to discount, like Farmers does, or they use it to qualify you for insurance.



Believe it or not, stats back up the fact that people with better credit, on average, have fewer and less frequent claims than people with poor credit. This does not specifically apply to you, but insurance is not about individuals, its about the law of large numbers. Combine that with the fact that every homeowner insurance carrier in the country is getting killed by claims of all kinds.



Rates are going up faster than I have ever seen, so I'm sure in your state that is a huge portion of the increase. I do have to say this though...just shop around. If you can find it cheaper, go for it.



Just because a company charges a particular rate or uses a certain criteria to determine your rate doesn't mean that you have to stay with them or that its a rip off. Find a company that doesn't use credit as a criteria and switch to them.

I am an agent with Farmers and I'll tell you that using credit is here to stay. Over 90% of the companies in the country use some form of credit based risk assessing. They either use it to discount, like Farmers does, or they use it to qualify you for insurance.



Believe it or not, stats back up the fact that people with better credit, on average, have fewer and less frequent claims than people with poor credit. This does not specifically apply to you, but insurance is not about individuals, its about the law of large numbers. Combine that with the fact that every homeowner insurance carrier in the country is getting killed by claims of all kinds.



Rates are going up faster than I have ever seen, so I'm sure in your state that is a huge portion of the increase. I do have to say this though...just shop around. If you can find it cheaper, go for it.



Just because a company charges a particular rate or uses a certain criteria to determine your rate doesn't mean that you have to stay with them or that its a rip off. Find a company that doesn't use credit as a criteria and switch to them.