Aug2014 Rate Increases for ALL
by Alberta Customer on Aug 12, 2014
2 out of 5 stars
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I just received my new Redesigned Statement from State Farm and was surprised to see that my auto insurance had increased by $100 per month. It has gone from $1640/annum to $2892/annum! It was explained to me that 'the lawyer found a loophole' and increases are across the board (ie everyone). I did a little internet search and found out that State Farm was sold in January 2014 to Desjardin Group; who are primarily in the United States and associated with Credit Mutuel in France. Is it the $450 million that Desjardin paid that they are trying to recoup from their, now, customers? The policies have not changed and the service has not changed so exactly what HAS changed. I have never had an accident - so I am, at this point, shocked, surprise and supremely unhappy about this.