State Farm Loses Over $14 Billion!

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Пікірлер: 15

  • @user-li5vr9hg8i
    @user-li5vr9hg8i2 ай бұрын

    They just going to raise premiums

  • @charlesrary5320
    @charlesrary53202 ай бұрын

    It's kind of funny - in the past 2 days I've randomly received 2 calls from 2 different State Farm agents trying to get me to let them quote me. I haven't been shopping or anything recently - these came out of the blue. They were about 10% higher than my current Progressive policy last time I quoted with them, so it's not really enough to motivate me to switch mid policy.

  • @couponuser

    @couponuser

    2 ай бұрын

    Same here. They lost 14 billion dollars, but then their agents send out mailers showing your home promoting a $600 premium. It's the undercutting these companies do that get them into huge trouble. Then they expect you to bail them out with 30 to 40 percent increases.

  • @thedude5040

    @thedude5040

    2 ай бұрын

    I remember a few years ago about saving $600 on car insurance. The jokes on them my car insurance was $500/yr

  • @ocnier
    @ocnier21 күн бұрын

    Disney lost 20 billion, who goes broke first?

  • @floydestelle6242
    @floydestelle624216 күн бұрын

    I think it's a Geography issues. Golf coast states, and both East and West coast. These are high risk areas and actual real home insurance lost.

  • @NerdsWorldNYC
    @NerdsWorldNYC2 ай бұрын

    If they didn't bring Arnold (get to the choppa) in their superbowl commercial they wouldn't be in this mess. And I have them, and they just added $20.00 to my full coverage on a 2006 paid of Jeep Wrangler 🙄

  • @glennhopkins2643
    @glennhopkins2643Ай бұрын

    Patterson will pay !!!

  • @flightgearHD
    @flightgearHD2 ай бұрын

    Since Oct of 2020, they have increased my full coverage premium 233%. Went to another company that is 40% cheaper with quadruple the coverages for EVERYTHING. Statefarm priced me out, and the biggest thing I disliked is 100% of your problems, other than claims, are dealt with your "agent". Statefarm agents are lazy and pass majority of the work to their low paid employee. It took 2 months to cancel my policy and almost another month to get the correct amount I was owed in return. Never again! Maybe if they cut spending on their advertisments, that would assist them in their $14 billion loss.

  • @andrewkucera1641
    @andrewkucera16412 ай бұрын

    In ohio they just raised my car monthly premiums 24%.

  • @glynnjohnson3531
    @glynnjohnson35312 ай бұрын

    I have no love for State Farm. They’re one of the highest ut there!

  • @b15cowboy75
    @b15cowboy752 ай бұрын

    As an Allstate agent, I'm happy that State Farm is finally raising its rates.

  • @LatangelaMoore

    @LatangelaMoore

    2 ай бұрын

    State Farm is the best insurance company. Allstate denies a lot of their customers claims especially home roofs. They are high but loyal!