• Report: #946291

Complaint Review: Oklahoma Insurance Commissioner

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Tue, September 25, 2012
  • Updated: Tue, September 25, 2012

  • Reported By: Warreagle — Warr Acres Oklahoma United States of America
Oklahoma Insurance Commissioner
Five Corporate Plaza 3625 NW 56th, Suite 100 Oklahoma City, Oklahoma United States of America

Oklahoma Insurance Commissioner John Doke Ripped off on homeowners insurance, commissioner's hands tied? Oklahoma City, Oklahoma

*Consumer Comment: Try this test.

*Consumer Comment: I doubt you're being Ripped Off...

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

We purchased our home three years ago, our  annual homeowners premium was $787.00 After three years and one hail damage claim, our premium jumped to $1,800.00

I called the insurance commissioners office and was told there is nothing they can do. Why do we have an insurance commissioner if they cannot keep the insurance companies from ripping us off? 

They say it is because we have had so many natural disasters here in Oklahoma. Yes we have, but they are in the risk business. They should cut back on the million dollar salaries for the execs' and spend less like us working folks are forced to do. 


This report was posted on Ripoff Report on 09/25/2012 09:06 AM and is a permanent record located here: http://www.ripoffreport.com/r/Oklahoma-Insurance-Commissioner/Oklahoma-City-Oklahoma-73127/Oklahoma-Insurance-Commissioner-John-Doke-Ripped-off-on-homeowners-insurance-commissioner-946291. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Oklahoma Insurance Commissioner

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Try this test.

AUTHOR: Flynrider - (USA)

" I called the insurance commissioners office and was told there is nothing they can do. Why do we have an insurance commissioner if they cannot keep the insurance companies from ripping us off?  "

  It appears that your premiums are higher for two reasons.  Your region has had a higher than normal number of claims recently, and more significantly, that you have made a claim for hail damage.

  I'm not sure how much experience you have with insurance, but you are virtually guaranteed to have a big increase in premiums if you've been paid on a claim.   That's the way it works. 

  If you think your insurance company is ripping you off, there's a very simple way to solve that problem.   Simply go to a competing insurance company and sign up with them.  Insurance companies must compete with each other for business.   If one company is truly charging arbitrarily high rates, their competitors will be happy to take all of their customers.    On the other hand, if the costs of paying claims has truly increased drastically in your area, you'll find that the competing companies will be offering similar rates.
Respond to this report!
What's this?

#2 Consumer Comment

I doubt you're being Ripped Off...

AUTHOR: Ken - (USA)

The insurance companies spread the risk around.

Areas that have more claims are assessed more in premiums.

To do otherwise would penalize those living in areas of lower/fewer claims.

If I lived where tornados and hurricanes were common, I'd expect to pay more.

I live in a relatively calm (weather-wise) area and expect to pay less.

The insurance commissioners cannot force confiscatory rates on the insurance companies or they will not sell insurance in that state.

Most homeowners insurance is now costing the insurers more than they receive in premiums.

If you are for socialism, and it appears you are, then indeed you will feel Ripped Off.

Somebody has to pay the piper.

No, I DON'T work for the insurance industry and never have.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory