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Originally Posted by Aces4
Now you have hit the nail on the head, what’s the biggest farce of all, the stock market! Why are so many companies public now, what is the purpose? How many businesses actually need to raise capital which was the primary intent of going public.
So many of these insurance companies and other businesses don’t need the extra capital and their stock is way overvalued. They need to show profit for their stockholders so the customer is wrung out for every nickel and left holding policies with high deductible and poor coverages.
Anyone here remember mutual insurance companies? Owned by the insureds and serving the insured only and not some other false gods where money is siphoned off by ceos, huge advertising budgets and the “something-for-nothing” investors. People are sheep being sucked in by slick maneuvers that actually harm their way of life. How much premium do we pay for so many things that have no need to be a public company.
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USAA was supposedly one of those. Compared rates recently for car insurance realized I was paying too much. I also wanted home insurance with them but their quotes were out of sight. I am going to get new insurance and cash out my subscribers account. I can find better things to do with $3800 and the money I am going to save by switching.
They charge a much higher premium for living in Florida.