21st Century doesn’t have wonderful rates in Texas. I have Allstate and pay $506 per 6 months…. 21st sent a letter and offered a $20 gas gift card if they couldn’t beat the rate. They were $634. They bought me a tank of gas.
This must be a disappointment to the stockholders of 21st century. They are doing anything to win on price, because that is all they have. But they have no homeowners product and with the auto/home package discount, the best clients stick with agents. Many who go to 21st century tend to be the higher risk segment of the good drivers. They certainly are not the cream of the crop! The bottom line, the person who wants the cheapest insurance, will take the company for a ride when it comes to claims time. This is what kills the loss ratio of the 800# and internet low cost insurance from charging rock bottom rates. While they say you can save $300, chances are, a client will be lucky to save $30 every six months.
Imagine this, other major insurance companies investing heavily in 21st Century (ie) State Farm Mutual Auto Ins.
Check the National Association of Insurance Commissioners online website, navigate through consumer section, company name, financial filings. The information is there, State Farm invested in 21st Century. What a gig!
21st Century doesn’t have wonderful rates in Texas. I have Allstate and pay $506 per 6 months…. 21st sent a letter and offered a $20 gas gift card if they couldn’t beat the rate. They were $634. They bought me a tank of gas.
This must be a disappointment to the stockholders of 21st century. They are doing anything to win on price, because that is all they have. But they have no homeowners product and with the auto/home package discount, the best clients stick with agents. Many who go to 21st century tend to be the higher risk segment of the good drivers. They certainly are not the cream of the crop! The bottom line, the person who wants the cheapest insurance, will take the company for a ride when it comes to claims time. This is what kills the loss ratio of the 800# and internet low cost insurance from charging rock bottom rates. While they say you can save $300, chances are, a client will be lucky to save $30 every six months.
Imagine this, other major insurance companies investing heavily in 21st Century (ie) State Farm Mutual Auto Ins.
Check the National Association of Insurance Commissioners online website, navigate through consumer section, company name, financial filings. The information is there, State Farm invested in 21st Century. What a gig!