Insurance Companies Have Lost Their Minds

Added: 2026-05-19

[00:00:00]explain this to me. I sold a truck, removed it from my insurance, and my bill went up $45 a month. How does that even make sense?

[00:00:16]And that's when I realized something.

[00:00:19]Modern companies don't make money by helping people anymore. They make money by trapping people in systems nobody understands. Now, yesterday I decided to go to town in my 1992 Chevy Silverado.

[00:00:35]I get about a half mile down the road to start thumping and jumping and I figured the ball joints went out because that's what it felt like. Ended up later, I got under the truck. It was a center carrier bearing, which is something I replaced personally 10 years ago on the truck.

[00:00:51]Uh, it's on the drive shaft. Pretty simple repair. I've done it before. I've done it several times. Anyway, I decide at that point, hey, you know what? I'm I'm just going to sell this. I sold it to a friend who lives down the road, and I go to cancel my insurance, which I only carry farm I This is a farm truck.

[00:01:15]It is insured as a farm truck, which is probably the lowest rate. I don't have It is like liability. I can take it to town, but it's a minimal drive vehicle.

[00:01:26]This truck, however, I have I I I told him I drive probably 12,000 miles a year, which is way less than I actually drive. I carry liability on my new SH uh Toyota Camry, I carry full coverage, and it's not cheap.

[00:01:44]And so, when I I figured when I made the decision to sell my truck, insurance was part of that decision. I says, "Why carry insurance? Why pay extra when it just sits here?" and I only drive it maybe once a week.

[00:01:59]And man, was I surprised when I canled and my entire policy went up.

[00:02:05]Does that make sense? I say it's criminal and insurance companies have been doing this to us for years, sticking it up our ass, and there's nothing we can do about it. So, if there's ever a video I have that's going to go viral, I want it to be this one.

[00:02:21]So, make sure you tell me your story in the comments. you like, share, do all the things that we have to do to drive this video up because I'm about sick of this and and the story gets better, guys. It gets better on what um what they do to people. Now, I don't even carry homeowners insurance because, well, living in a national forest, oh man, there's no way. I figure if it burns down, I'll live in one of the trucks or one of the vehicles or my shed and we'll deal with it then. Let's go check this out. And after thinking about it on well a couple of years, I decided to go ahead and get me a small tractor to help mold my homestead and and help me do some projects that needed to be done.

[00:03:05]I put a large down payment on a brand new K Cabota tractor.

[00:03:10]I don't have a huge uh you know balance left, but they required me since it's being financed to carry full coverage insurance. Something I didn't really think about when I first was told that I had to carry insurance. Well, it kind of made sense. You know, they want to protect, you know, with the balance of the of the loan. And so I research into getting insurance for this, which falls under motorcycle insurance. High-risk motorcycle insurance to ensure this. $72 a month is what they charge me for this thing to mostly sit behind this building until I decide to use it, which never goes off my property, never hits a road.

[00:03:59]Yet, I've got to pay full coverage insurance at $72 a month. hand. It cannot be attached to any of the policies that I already have. It's a separate policy.

[00:04:09]Does that make sense?

[00:04:12]No. Yet the law tells us we must carry insurance on our vehicles. The law tells us we have to do this, we have to do that. But where's the law when it comes to the insurance companies? They seem to do whatever they want. Now, what was it?

[00:04:28]Last year we had all the fires in California and you're hearing horror stories about people making claims. This is the problem. When you go to make a claim, they're going to fight you.

[00:04:40]You've been paying them, you know, loyally for years and then you have one incident where you must make a claim.

[00:04:50]Might as well just pay for it yourself in most cases.

[00:04:55]Now, I was with USAA. I'm mentioning names here. I was with USAA insurance, which is supposedly veteran friendly. It used to be for veterans only. And so that's who I was with for 14 years. 14 years I carried insurance. My policies never lapped. Carried insurance. Yet I never got any discounts. I never got any any breaks from this company. Never once did I get in an accident. Never once did I get a ticket. Never once did I file a claim with USAA.

[00:05:32]And after reviewing this probably about 6 months ago, I decided, you know what?

[00:05:37]I'm they're they're not doing me any favors here. I should get some sort of discounts. My rates should go down because I'm a safe driver. I've been with them forever. Yet, there's no loyalty discounts. There's nothing. They say there is, but then they raise this to lower this. It doesn't make sense.

[00:05:57]So, I cancelled. I went to Progressive.

[00:06:00]I'm thinking, hey, I did get an initial better rate on my two vehicles. I didn't I didn't have the Toyota yet. And then when I added that, I was around $180 a month to ensure all three.

[00:06:15]Doesn't seem too bad, but you know, it's insurance. We don't want to pay it, but we have to.

[00:06:21]And when I bought the tractor, now they want to have the deed to my property. They want to have all these other things that I have to prove that I exist. And so I provided this and I finally called a representative. And I'm talking to him and do you know what he tells me? Oh yeah, we used to own or we own USAA.

[00:06:46]One of them owns the other. Either USAA owns Progressive or Progressive owns USAA. I would say progressive owns USAA.

[00:06:54]But anyway, I didn't change companies. I just changed the name on my insurance papers all so that today my goal you guys can help me with this. Who who do you insure with? Who has treated you right? Because I guarantee you these big companies I haven't checked out Geico, but I guarantee you when I go to close sell this truck and I take it, it's already off my policy. I've already pulled the plate off of it. How does it go up? I still have a multi-vehicle discount because I still have two other vehicles. I still have a tractor with these people. What do they want me to do? Reinsure uh insure my lawn mower? I don't know.

[00:07:36]They have been getting away with this for way too long. And and I've never made a claim on any of my policies.

[00:07:43]Never ever in my entire life have I take that back. There was one one claim in 2000.

[00:07:51]Yeah. I was at a I I was living on a farm. I was renting and I had my I was living in Iowa and I had my car parked on the driveway which is an incline and it was icy. And the landlord pulls up behind my truck and it moved the ground so much and shifted the ice that my truck slid into her car and she filed a claim on me. That's the only one ever in my entire life where I've made a claim and that's no longer on the record. But 14 years with the insurance company and only the rates only go up. I live in a rural area with minimal traffic. Never had an accident. Never had a ticket here. Yet the rates go up.

[00:08:38]Is it that these fires and all these claims in these big cities are breaking them so much they got to screw the small guy that lives rural? I don't know. You tell me. I want somebody in the insurance industry to explain to me with a straight face why. When I take a 1992 farm truck off of my insurance, which was like 80 bucks a month to insure, uh, pretty close to that, 69, 80, I don't remember what it was.

[00:09:09]How does it go up $45 on the entire policy? That don't make any sense to me.

[00:09:15]You're never going to make that make sense because that's ridiculous. Now, I didn't have to sell the truck. It wasn't the ball joints that I that went out that I thought it was. I looked underneath. It's the center carrier bearing on the drive shaft. No big repair. In fact, I was the one that repaired that 10 years ago. I've just bought the parts are cheap today. They don't last. So, I could keep the truck, but I'd already sold it. I'd already promised it to someone else. And, you know, it's no big deal. These are a dime a dozen around here. Yes, I could get another older truck, no problem. The point is my insurance went up. And I would say other than gasoline, insurance is my highest expense on my vehicles other than, you know, occasional repairs. I don't pay nothing for license plates. I'm a disabled veteran, so in the state of Arkansas, you get them for free. And then the additional plate for you can have them for two vehicles is a dollar. So, a dollar per year. Even on my new brand new car, it cost me a dollar to tag my car. So, insurance is the highest thing I pay on these things.

[00:10:27]And I've never made a claim. Yes, it's good to have if you have an accident and you get in a scrape. Uh I had an incident where snow fell off the roof, hit my brand new car, knocked the fog light off. Well, I didn't want to file a claim because once you file a claim, you know that game.

[00:10:47]Your pol your policy go your rates go up. So, you don't want to do that if it's not expensive. Thankfully, the Toyota dealer was the cheapest route. It cost me about $250 to replace the light and have it done, and they had it done within a half an hour while I waited.

[00:11:03]Had I made a claim, uh, I would estimate $500 to $1,000 to make that repair.

[00:11:10]companies I I'm sure charge more because insurance companies are paying them.

[00:11:16]It's a big racket. We have so many types of these businesses in our country. The the pharmaceutical industry. They're in bed with the insurance companies as well. All of these are criminal organizations run by wealthy CEOs who don't care about you. They don't care about me. and they do things like they've done to me.

[00:11:42]Now, I have one advantage, a small advantage that most of you don't have. I can sit here and make a video about it and probably get possibly half a million views if the video went right. Is that enough people to have Progressive call me and say, "Hey, man, we made a mistake. We want to lower your rates even more." I highly doubt it'll ever get to that point. So, it's up to me to waste my time to get on the computer today to find out, okay, who's going to give me the better deal.

[00:12:14]And they know when you switch insurance companies, I I don't think it matters.

[00:12:18]It hurts you. What matters is is if you've had in as long as you've been insured for a certain amount of time without lapsing, that should help you.

[00:12:27]That should tell these other insurance companies, this guy's a good risk. He's never made a claim. You would think that, but it doesn't. They don't care.

[00:12:36]They just want to squeeze as much money out of you, and they don't care if you're on a limited income. They don't care anything about you. They just want to get your money. Yet, when you're going to need them, you're going to have to fight them. You're going to spend days, hours, weeks on the phone, emails trying to get whatever it was you lost paid for because you've been banking your loyal payments every single month for the rest of your life.

[00:13:08]That one I have to say, you know, I I always say in my videos, nothing surprises me anymore. And but that kind of that kind of threw me for a loop because in my mind, okay, I am eliminating one of my vehicles. I will no longer have to pay a premium for insurance on that vehicle. Hey, the bonus is my premium will go down, right?

[00:13:34]That that's that's how I was thinking.

[00:13:37]And immediately immediately when I went to the website and clicked remove this vehicle, a little note popped up. You're the 40 $45 increase.

[00:13:50]Didn't explain why. It just told me my policy would increase by $45.

[00:13:57]Now, a lot of you might be saying, "Well, just call them."

[00:14:01]I just made a video about this calling these companies. You get AI. You're going to have to deal with AI for half the day before they give you a person.

[00:14:11]And then when they give you that person, here's who you here's who I get.

[00:14:16]What? Thank you for calling progressive.

[00:14:20]May I help you today? My name is Rashda.

[00:14:25]I don't want to talk to him, but that's who you get.

[00:14:30]I'm fired up, guys.

[00:14:33]You know, $45 isn't much. It's not much.

[00:14:36]It's not I'm not broke.

[00:14:39]But it's the principle.

[00:14:41]It's the principle of the whole thing.

[00:14:43]How how that's like me going to I man, I don't even know. I've never I've never heard of such a thing. How something goes up because I eliminated that part of it.

[00:14:58]Maybe somebody in the insurance industry can say because I don't understand how that's costing them any money. They figure, well, now he's not going to be paying a premium on this truck. So, and we got to have ours. Let's Hey, I'll tell you what. Let's just let's jack him up $45 for the whole thing. If he kept the truck, it would be $45 a month less.

[00:15:22]I'm having trouble figuring this out. So you you maybe you know somebody smarter than me might want to say, "Hey, no, it's justified. This is why they do it."

[00:15:32]I don't think there's anything you're going to do or say to me that's going to convince me that that is justified because well, it's not.

[00:15:41]People have become powerless. It used to be back in the day before all these big corporations started merging that the people could complain, people could merge together and and demand something be changed. But those days are gone.

[00:16:00]There's nothing we can do. We are at their mercy. the insurance companies, the pharmaceutical companies, the banking industry, we are all at their mercy and we have to play along with whatever game they want to play. And I'm sick of it and I imagine not enough people are fighting back on them anymore. Maybe there is. I don't know.

[00:16:23]Now, this compared to some of the people who had the big fires in California and maybe earthquake claims and tornado claims, my complaint is rather small.

[00:16:34]But how many people are they doing this to? How many people are cancelling their policies today? And they're they're making more money by people cancelling their policies. Does that make any sense? This should be illegal. I will be. I haven't even been with Progressive probably 6 months, but I guarantee you this. I won't be staying. No, I will not be. I'm going to check the guy. I hate to even go with these big companies, but they know that they offer the lowest rates and no local company. I I would probably even pay more for a smaller company if they treated me better. And that's probably what I'd end up doing.

[00:17:15]But I don't know. You guys let me know in the comments. Let's drive this video up, man. Share it, like it. I don't even ask this much, but this one I want to do well cuz I want progressive to see it.

[00:17:27]And Progressive, uh, I got something for you.

[00:17:31]There you go. Happy trails.