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Started By
Message
re: Geico Car insurance just got jacked up 25%
Posted on 10/13/22 at 8:12 pm to ElderTiger
Posted on 10/13/22 at 8:12 pm to ElderTiger
Ive been with State Farm for a few years and ever since I started working from home due to Covid, I am not driving my car nearly as much and my rates dropped. Before Covid I was paying around $120 a month but since Covid hit my rate for full coverage is $76 per month. Im sure if we go back to the office, my rates will go back up but my employer loves working from home so I dont see that happening anytime soon. Geico and Progressive are rip off insurance companies.
0
Posted on 10/13/22 at 8:21 pm to jlovel7
Still waiting on them to lower insurance premiums like they promised to do in exchange for tort reform.
Posted on 10/13/22 at 8:58 pm to jlovel7
Insurance is the biggest scam ever perpetrated against people.
Posted on 10/13/22 at 9:02 pm to jlovel7
Geico went up on us also.
Called Insurance Network of Louisiana because I always hear Mascona talk about it. They shopped us around and saved us $800 a year. Same coverage. Progressive.
Called Insurance Network of Louisiana because I always hear Mascona talk about it. They shopped us around and saved us $800 a year. Same coverage. Progressive.
Posted on 10/13/22 at 9:05 pm to H newman
quote:
Insurance is the biggest scam ever perpetrated against people.
Let’s hear how it’s a scam? Who do you think created the insurance companies in the US? You think it was the government?
Posted on 10/13/22 at 9:08 pm to DCtiger1
quote:
Who do you think created the insurance companies in the US? You think it was the government?
The Social Security Act of 1935
Until then it was a niche product that was not required in any form and almost none of the general population had to deal with
Posted on 10/13/22 at 9:10 pm to Caraway Rye
I’ll let you look up when Geico and State Farm were founded 
Hint: one of them is celebrating its 100th year anniversary
Hint: one of them is celebrating its 100th year anniversary Posted on 10/13/22 at 9:11 pm to jlovel7
Lots of car and boat damage claims due to hurricane Ida
Posted on 10/13/22 at 9:12 pm to DCtiger1
quote:
I’ll let you look up when Geico and State Farm were founded Hint: one of them is celebrating its 100th year anniversary
Yeah
They sold insurance in niche categories that were not required by anyone
They were properly in place to make a windfall in expansion of required insurance
Good job sherlock
Posted on 10/13/22 at 9:18 pm to Caraway Rye
Wow you’re a fricking idiot.
I asked
To which you replied the social security act of 1935
State Farm was founded by a farmer in 1922. They have a relatively large amount of policies in force BEFORE 1935
Provide the language in the law that says anything about P&C insurance
Try to keep up
I asked
quote:
Who do you think created the insurance companies in the US?
To which you replied the social security act of 1935
State Farm was founded by a farmer in 1922. They have a relatively large amount of policies in force BEFORE 1935
Provide the language in the law that says anything about P&C insurance
Try to keep up
This post was edited on 10/13/22 at 9:22 pm
Posted on 10/13/22 at 9:22 pm to jlovel7
Geico is laying off people left and right. Premiums weren’t enough to keep up with the rising costs of replacement parts and greasy lawyer litigation.
Posted on 10/13/22 at 9:23 pm to rb
They are also a Stock company, which puts them at a disadvantage vs the competition
Posted on 10/13/22 at 9:23 pm to DCtiger1
Yeah I get it just fine
Insurance companies have existed all over the globe for hundreds of years
They were not required to be used in the US until the Social Security Act of 1935 and into the early 40s to protect banks
The insurance company you know today was started in 1935
Insurance companies have existed all over the globe for hundreds of years
They were not required to be used in the US until the Social Security Act of 1935 and into the early 40s to protect banks
The insurance company you know today was started in 1935
This post was edited on 10/13/22 at 9:24 pm
Posted on 10/13/22 at 9:25 pm to Caraway Rye
No, it wasn’t. As I stated, provide the language that you’re referencing
Posted on 10/13/22 at 9:35 pm to jlovel7
Mine went up 35%. Two young drivers with 4 cars on the policy. No changes to policy and it went from 2300 to 3200 every 6 months.
Posted on 10/13/22 at 9:38 pm to DCtiger1
quote:
No, it wasn’t. As I stated, provide the language that you’re referencing
From the SSA itself
quote:
This article outlines major trends
since 1935, when the Social Security
Act became law, i n insurance and annuities on United States lives underwritten by some 350 life insurance
companies of both the United States
and Canada.
https://www.ssa.gov/policy/docs/ssb/v7n12/v7n12p14.pdf
This is the start of it all
Posted on 10/13/22 at 9:42 pm to Caraway Rye
That has absolutely nothing to do with P&C insurance.
Posted on 10/13/22 at 9:54 pm to DCtiger1
quote:
That has absolutely nothing to do with P&C insurance.
What does P&C insurance have anything to do with required car insurance or your insuniation that the US government has nothing to do with insurance
Posted on 10/13/22 at 9:59 pm to Caraway Rye
I’m guessing you don’t understand that auto insurance falls under P&C
The auto insurance requirement is a state law, not a federal law. The SS act of 1935 has nothing to do with P&C insurance or state requirements. I didn’t insinuate the government isn’t involved in regulating the industry, I stated a fact that the company was founded 13 years before by an individual and the SS act had nothing to do with it.
The auto insurance requirement is a state law, not a federal law. The SS act of 1935 has nothing to do with P&C insurance or state requirements. I didn’t insinuate the government isn’t involved in regulating the industry, I stated a fact that the company was founded 13 years before by an individual and the SS act had nothing to do with it.
This post was edited on 10/13/22 at 10:00 pm
Posted on 10/13/22 at 10:07 pm to DCtiger1
I have state farm, auto and home. I shopped pricing a few years back, surprisingly they were by far the cheapest. The most surprising was the hurricane damage rep. Came and evaluated, found shite that I missed, wrote a check that day.
Not typical that I have read but have no issues with them.
Not typical that I have read but have no issues with them.
This post was edited on 10/13/22 at 10:10 pm
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