We all know the major insurance companies/largest shareholders are the same 3 or 4 major corporations - Vanguard, Blackrock and Statestreet giving us only the mere illusion of a free market. Pricing should reflect the individual. It capitalizes on the impoverished and we all have to have it. There should be kick backs to the people if let’s say they didn’t use their insurance that year - no accidents, tickets etc they should get some of their money back. It’s pooled over a large group of people and “the people” are penalized to rate hikes dependent on what others do. It doesn’t make sense. Instead of pooling it over a large group of people what if we pooled it to the individual - ie a savings account their money flows into it and if they need it they can use it, it’s their money. Create a system to support the people instead of punishing the entire group of people for the rest. It’s criminal what I see as an insurance agent, the ones with the least pay the most and heaven forbid people need to use their insurance they are penalized for years with higher and higher rates. Maybe we could work on an insurance system that benefits and supports the people when they need what they paid for instead of the mega corporations.
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