... with car insurance companies ~ was paying $600 every 3 months, then a quote for $155 month and then the third time is the charm $76 per month ~ someone PLZ tell me how the hell there can be such a HUGE variation with that ... What a rip off!
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read more blogs!
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Wing_Zero_75
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Nov 6 @ 9:11PM
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You pay for what you get for. Also, you have to figure in the overhead, so a smaller company could be cheaper because it employs 100 people. Versus a huge company that has 1000 employees.
Some of the cheaper places though lack certain services. You may get an automated thing, or it may take longer to file a claim because only so many can be prosessed in a day.
Thats just a couple variables.
Larry
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DiamondRain
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Nov 6 @ 9:13PM
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Be sure it's the same level of coverage as the original policy. If not, be sure it is an adequate amount of coverage.
Insurance companies are one of the most highly regulated companies in the country. They are regulated by multiple layers of government.
Sometimes the weird pricing is caused by the weird regulations. Other times it is simply caused by the particular needs of the company selling the insurance, how badly they want your business and what prices the market will bear.
Think of the airline industry where you might often pay three times as much as the guy sitting next to you. They charge whatever they can get.
Sometimes one insurance company doesn't want policies of a certain kind in a certain area for various reasons (e.g. they have too much exposure to risk with that kind of policy in that area). So they set their prices higher (if the regulations allow them) to discourage business. But if they get the business at the higher price, they take it because at that price it is worth the risk.
Except for the heavy regulations they are forced to follow, insurance companies price their products on the same principles as any other business.
And as with anything else, it often pays to shop.
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Blaiserboy
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Nov 6 @ 9:28PM
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The insurance business is cyclical, we have seen a downtrend for a few years. and once the downtrend reverses.. up will go the prices.
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knotkeeno
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Nov 6 @ 9:53PM
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what insurance cost isn't regulated by how much they spend on advertising? 
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ElmerFudd445
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Nov 6 @ 9:56PM
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Insurance company's also wrangle you in with a low rate only to raise the prices at renewal time...
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lovestobake
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Nov 6 @ 11:41PM
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Went from 122 a month to 72 recently. Elmer is right though, have to watch them. Get new quotes every yesr or 2.
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snidegrass
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Nov 6 @ 11:42PM
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i paid 34 dollars a month with liberty mutual.
just liability insurance though. if you get collision
and theft and all the full coverage, god have mercy on ya.
it was only on a 1990 nissan from dec. 2004-2006. it had
250 thousand miles on it when i got it from a car parked
nearby. i paid 1200 dollars for it. it ran pretty good
for two years before i sent it to car heaven, the junk yard.
it had belonged to a dope lord family. long story of
it all. it helped in the war on dope. i went lotsa places
in it. even to ukiah, california. slept in it a lot too.
it was white. it went on many secret missions. the last
one with queen i lien of israel we met condoleeza rice,
and then we got stopped by the newport beach police
cause we gave the l.a.p.d. lip over a kidnapped hebrew
mother, by koreans, during the appointment of ban ki moon
to united nations secretary general. they won we lost.
our man did not get in office. he should have. i had to put
in a new windshield, it had a bullet hole in it from previous
action. that broke me, 250 dollars. so we had to surrender
to the obvious. we were screwed. amazed? little israel.
hassled every darn day of her life, by rockets. they fight
back and they get hassled some more. but queen i lien
of israel plays mah jong sometimes with kim jong 2.
many secret alliances and treaties. how much do you think
our planet is insured for? should it blow up?? who would
the beneficiary be? the international space station????? lololol. as in 'get
smart', the chinese charlie chan guy, amazing. parry mazon.
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DiamondRain
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Nov 7 @ 1:31AM
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Translation>>>
Crack is a dangerous thing to smoke. 
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bardnsage
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Nov 7 @ 1:42AM
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Well,,, some crack can be smoked safely. Providing you have protection.
For insurance, I think the vast price changes the OP has seen, can simply be explained by reading the policies.
Also, for those low priced guys, it might be wise to contact your state agency that regulates insurance carriers to find out just how many complaints they process for non-payment of claims.
Also, check the "AM BEST" rating of the company. Compaines with low ratings, B and lower,, are less financially solvent than those with A- ratings or higher.
But, you have an excellent example here of insurance, pricing, and coverage for dollars. There is no way the government is going to keep your costs flat, and provide health coverage for the "millions" of people who do not have it. There is also no way they are going to keep your costs flat, when they put no cap on how much can be paid out on a given policy.
Prices are either going to go up,,, or coverages are going to be cut. It's just that simple. And any politician who tells you different,,,,
IS A LIAR.
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ladyvampire
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Nov 7 @ 7:04AM
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look at AIG. They were ripping off customers left and right, and then when the president tried to bail them out, they used some of that money so their CEO's could go on expensive vacations. By the way, those wonderful CEO's refused to take any pay cuts.. go figure!
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