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<blockquote data-quote="klein" data-source="post: 575383" data-attributes="member: 23950"><p>Here's a thought :</p><p> </p><p>In our State (Province Alberta), we have public automobile insurance.</p><p>In the neighboring provinces (BC to the west, Saskatawan to the east), they have goverment Auto-insurance.</p><p>We pay up to 50% more in premiums then our neighbors do.</p><p> </p><p>3 years ago, the Alberta goverment threatened insurance companies here, to either lower rates, or face the concequences of a newly, would be founded, Goverment Insurance in the province too, and face tough competition.</p><p>This all happened because Albertans were getting fed up paying so much more then our counterparts.</p><p>It worked a little bit, premiums were lowered somewhat, but we still pay much more then our neighbors.</p><p> </p><p>Face it, Insurance companies want huge profits. They will raise rates, to even get larger profits.</p><p>Goverment in the other hand, it's our money, it's basically a non per profit organisation.</p><p> </p><p>I admit, citizens in BC (British Columbia), cannot shop around for auotinsurance.</p><p>But, it's still much cheaper there, then here.</p><p>How can someone really compete with non-per-profit ?</p><p> </p><p>In Saskatawan, I believe they have the option of either goverment or private.</p><p>But, believe, private insurance is very little used there.</p><p>And most insurance companies won't even step foot into it (not enough profit to be made).</p></blockquote><p></p>
[QUOTE="klein, post: 575383, member: 23950"] Here's a thought : In our State (Province Alberta), we have public automobile insurance. In the neighboring provinces (BC to the west, Saskatawan to the east), they have goverment Auto-insurance. We pay up to 50% more in premiums then our neighbors do. 3 years ago, the Alberta goverment threatened insurance companies here, to either lower rates, or face the concequences of a newly, would be founded, Goverment Insurance in the province too, and face tough competition. This all happened because Albertans were getting fed up paying so much more then our counterparts. It worked a little bit, premiums were lowered somewhat, but we still pay much more then our neighbors. Face it, Insurance companies want huge profits. They will raise rates, to even get larger profits. Goverment in the other hand, it's our money, it's basically a non per profit organisation. I admit, citizens in BC (British Columbia), cannot shop around for auotinsurance. But, it's still much cheaper there, then here. How can someone really compete with non-per-profit ? In Saskatawan, I believe they have the option of either goverment or private. But, believe, private insurance is very little used there. And most insurance companies won't even step foot into it (not enough profit to be made). [/QUOTE]
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