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Started By
Message
Geico Car insurance just got jacked up 25%
Posted on 10/13/22 at 4:12 pm
Posted on 10/13/22 at 4:12 pm
Both our cars are old, and we are good drivers with no accidents. The past several years our rates have remained steady. All of a sudden we get a 25% increase with Geico. I told them we are likely going to drop them because they said the only way we can get a further discount is by installing driving habit trackers on our phones. Anybody have any good suggestions for car insurance outside of Geico?
Update: switching to State Farm. Called them today and they’re going to give me equal coverage for car and renters and beat the rate Geico was charging me pre price hike. They’re also going to cut my rents premiums in half. Insurance is worse than cable companies with this shite. I told Geico I’ll call them back when State Farm does this to me down the line.
Update: switching to State Farm. Called them today and they’re going to give me equal coverage for car and renters and beat the rate Geico was charging me pre price hike. They’re also going to cut my rents premiums in half. Insurance is worse than cable companies with this shite. I told Geico I’ll call them back when State Farm does this to me down the line.
This post was edited on 10/14/22 at 8:34 pm
43
Posted on 10/13/22 at 4:14 pm to jlovel7
quote:
Anybody have any good suggestions for car insurance outside of Geico?
Just get quotes from a bunch of places
Posted on 10/13/22 at 4:14 pm to jlovel7
You might find a better deal, but they are going up across the board.
Supply chain issues and inflation have resulted in massive cost per claim increases. Costs way more to fix a car, so they are jacking rates
Supply chain issues and inflation have resulted in massive cost per claim increases. Costs way more to fix a car, so they are jacking rates
Posted on 10/13/22 at 4:14 pm to jlovel7
Every company is taking rate increases right now. The Stock companies like progressive and Geico moreso than the mutual companies.
Inflation is a bitch
Inflation is a bitch
Posted on 10/13/22 at 4:16 pm to jlovel7
I am sure I will get dicked by Geico come renewel time in November. 2 vehicles with clean records abd its been going up yearly.
Posted on 10/13/22 at 4:17 pm to jlovel7
Ours went up 20%. Same as you, both Toyotas with no record.
Posted on 10/13/22 at 4:18 pm to TigerSaintInDallas
quote:
both Toyotas
Why mention this
Clearly you downvoters don’t understand how irrelevant it is that the poster has 2 Toyotas as it relates to rate.
This post was edited on 10/13/22 at 4:25 pm
Posted on 10/13/22 at 4:18 pm to jlovel7
Hit the tanning bed a bunch and you won’t need car insurance anymore
Posted on 10/13/22 at 4:20 pm to jlovel7
I miss Trump
Posted on 10/13/22 at 4:20 pm to jlovel7
Just think of all the uninsured drivers your rate increase is paying for.
Posted on 10/13/22 at 4:22 pm to Bruco
quote:Thank a Democrat.
Supply chain issues and inflation have resulted in massive cost per claim increases. Costs way more to fix a car, so they are jacking rates
Posted on 10/13/22 at 4:24 pm to tigergirl10
Covid started it, inflation finished it off.
Posted on 10/13/22 at 4:33 pm to jlovel7
That lizard ain't gonna CGI itself....
Posted on 10/13/22 at 4:34 pm to jlovel7
quote:
Car insurance just got jacked up 25%. Biggest increase I’ve ever had.
Bidens* America
Posted on 10/13/22 at 4:34 pm to jlovel7
quote:
Both our cars are old, and we are good drivers with no accidents. The past several years our rates have remained steady. All of a sudden we get a 25% increase with Geico. I told them we are likely going to drop them because they said the only way we can get a further discount is by installing driving habit trackers on our phones. Anybody have any good suggestions for car insurance outside of Geico?
Same thing happened to me 6 months ago. I got a quote from Progressive that was cheaper than my original rate at Geico.
What’s odd is that this same thing happened when I was previously with Progressive years ago, which prompted my switch to Geico.
It seems this is a strategy that the big companies use. They must be playing a numbers game, counting on the fact that a significant percentage of insured customers won’t bother to switch even if rates go up due to the haste of it all.
Meantime, they offer good intro rates to lure in new customers who then get “hooked” with price spikes over time.
Posted on 10/13/22 at 4:36 pm to jlovel7
The cost of used cars are up 43%. Meaning a car that cost 12,300 In 2019 cost 20,000 now.
That is driving up the cost of insurance.
That is driving up the cost of insurance.
Posted on 10/13/22 at 4:38 pm to jlovel7
When someone gets into a fender bender and causes $5,000 worth of damage, but Gordon has convinced that person it's worth $650,000 and they file suit...your insurance goes up.
This post was edited on 10/13/22 at 4:40 pm
Posted on 10/13/22 at 4:39 pm to jlovel7
I've been an Allstate agent for 13 years now and we really have never been competitive with Geico. With the Geico's rate increase its our first time we have been beating most quotes against them and this is after Allstate took its rate increase this year. Weird times in insurance for sure.
Posted on 10/13/22 at 4:42 pm to jlovel7
Everybody is getting screwed with premium increases.
Posted on 10/13/22 at 4:44 pm to jlovel7
Everyone needs to cancel their insurance for a year. We went decades without car insurance before, we can do it again.
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