Quote:
Originally Posted by undercoverbrother
The UCP will not be booted because of the #### state of insurance premiums in Alberta
What part of Insurance do you think is a scam?
|
I’m in the insurance is a scam camp. Predatory industry that knows consumers have little choice bit to buy their product. I don’t think they really compete with each other, just operate on the premise that they are guaranteed a certain amount of new clients because literally everybody shops around. If it was competitive I would not as a great driver with a flawless record play musical chairs with insurance companies every year. Entire industry is a joke. There needs to be a government run option that focuses on just the facts and data. It’s comical how much the rates vary from different providers which is an indication of how much the industry is really has no idea how to properly assess risk.
Yes the weather, Alberta drivers suing more, repair costs, bigger and more expensive cars ,will skew us higher but it should not be to the level it has gone.