Quote:
Originally Posted by Donatello.
Insurance companies...biggest scam going. They take our money, but if we need to file a claim they do anything & everything to not pay.
Why don't we get some sort of refund for not filing claims?
F these giant companies
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I think Allstate used to do that. If you went like 3 years without a claim they sent you a check every quarter. It was nowhere near what you paid in obviously, more like a safe driving discount, they just paid you it back. Then some of them started doing like deductible forgiveness if you didn't have claims for long enough too.
While I understand the ease of saying "these big insurance companies are all colluding to keep rates high and make crazy money", one has to wonder why aren't there non profit insurance groups like the credit unions are to banks? Surely if it was a feasible thing, someone would have done it and made a major dent in the insurance industry. To me it says that the profit portion of the premiums just isn't that large, and they wouldn't really be a competitive option.