GEICO Raised My Insurance Rate 50% for Nothing!
Nov 18, 2006, 05:22 PM
#48
Newbie
Thread Starter
Join Date: Sep 2003
Posts: 15
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by CO_VR4
The claim that a rating increase is based on cost of repair should only affect collision and comprehensive, not liability or uninsured/underinsured premiums. I suspect that they raised the risk factor for all categories, not just cost of repair. 
Nov 18, 2006, 05:23 PM
#49
Newbie
Thread Starter
Join Date: Sep 2003
Posts: 15
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by atlvalet
You've never heard of wawanessa because they don't advertise...hence their lower rates.
Nov 18, 2006, 05:36 PM
#50
Evolved Member
Join Date: Jun 2006
Location: Jacksonville/Boca Raton
Posts: 822
Likes: 0
Received 0 Likes
on
0 Posts
Im sure someone has said this before, but Im gettin amazing rates from progressive, Im on my own plan at 18 and I only pay 2400 a year for full coverage. Now if your 47 im sure they can give you a way better rate than that. Not to mention I live in florida, one of the highest cost to insure states in the country, if not the highest.
Nov 18, 2006, 06:04 PM
#53
Evolving Member
Join Date: Sep 2005
Location: Igloo
Posts: 257
Likes: 0
Received 0 Likes
on
0 Posts
While a 50% increase in premiums could just be due to the high cost of parts as they stated, it's possible that Geico simply does not want to insure Evo's anymore. This same problem happened with fox body 5.0 Mustangs (80's-90's). By the mid 90's, some insurance companies would not insure them. Instead of sending cancellation notices, they just raise rates very high giving you motivation to find another insurer.
Nov 19, 2006, 06:25 AM
#56
Evolved Member
iTrader: (44)
Join Date: Jan 2004
Location: High-Plains Desert
Posts: 1,584
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by BBYBruno
I don't understand why everyone is bi***ing about there insurance rates. You drive an Evo, the premium is going to be more then other cars. Sell it if your going to keep whining.
I don't understand what you just added to this conversation....
Nov 19, 2006, 09:41 AM
#57
Newbie
Join Date: Apr 2006
Posts: 10
Likes: 0
Received 0 Likes
on
0 Posts
Same thing happened to me. I joined Geico for a year, then the next year they sent me a bill for about 50% more. I went somewhere else. There are plenty of good insurance companies out there, and most likely a few of them will be about the same or cheaper than what you were paying.
Mike
Mike
Nov 19, 2006, 09:47 AM
#58
Evolved Member
iTrader: (11)
Join Date: May 2002
Location: Eastlake, OH
Posts: 1,230
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Cirrusly Evolvd
I don't understand what you just added to this conversation....
Nov 19, 2006, 10:00 AM
#60
A lot like the original poster - 45, no tickets / no accidents in 10 years. Here are my last six, 6 MONTH payments with Geico for 2003 VIII and 2001 Durango. . .
$904.60
$932.00
$927.20
$971.30
$840.70
$930.90
. . . No idea why it dropped for 6 months and then back up. So paying about $1860 a year.
$904.60
$932.00
$927.20
$971.30
$840.70
$930.90
. . . No idea why it dropped for 6 months and then back up. So paying about $1860 a year.