Geico gone nuts
Thread Starter
Racer
Joined: Sep 2013
Posts: 278
Likes: 51
From: Chesapeake VA
Geico gone nuts
I've had Geico for 43 years. Paid good premium for severals with new Chrysler 300, 2002 Chevy truck and once with 2008 corvette then new 2011, then new 2014 and most policy was about $1250 for YEAR! Now after being quoted same general price on new 2015, once car came policy jumped to almost $1900 a year same three cars. Geico says corvette reevaluated. I have spent hours arguing! After 43 years you think some consideration. Any Good companies out there treating us fairly. Thanks for reading my rant!!
Melting Slicks
Joined: Nov 2013
Posts: 2,048
Likes: 29
From: Palm Beach County FL
I have looked around, and can't find anyone else (top tier aka USAA, progressive, all state etc) that is lower than GEICO. service wise I have had good luck with them, so I don't see the reason to go anywhere else
Team Owner
Joined: Nov 2007
Posts: 45,274
Likes: 8,545
From: Rochester, NY
Been with State Farm a long time. My 2015 Vette went up about $60.00 a year from what I was paying on my 2008 Vette. My 2015 is a convertible the 08 was not, do not know if that has any impact.
Melting Slicks
Joined: May 2008
Posts: 2,162
Likes: 114
From: Prosper, TX
This is common across all carriers. Why do you think that all insurance companies post the same ads stating that switching to them can save you $400/year? Most customers will pay the increases. Once you switch, you will usually pay a lower rate, and after several years, they'll increase the rates to a higher amount than what another switch would be. My insurance agent tried to justify this (poorly), but basically backed up what I stated above.
BTW - Farmer's did the same exact thing to me (after 12 years) and I ended switching to Geico which saved close to $600/year off of Farmer's increase.
BTW - Farmer's did the same exact thing to me (after 12 years) and I ended switching to Geico which saved close to $600/year off of Farmer's increase.
Dazed Confused & Verklemp
Joined: May 2008
Posts: 1,398
Likes: 109
From: Naples, FL & Clear Lake, IA
I have State Farm & live in Collier Co. Florida - (Naples). I pay less for my new 15' Corvette Z51 Coupe than I do for my 2010 EB Flex. This is partly due to the 7,500 max miles on Vette & G8's, and 12,000+ on Flex. Compared to my 2 G8 GT's, it is less than $100. per year more.
G8 GT's are slightly less than $800 per year, Vette is just under $900, and Flex is nearly $1,000. All policies are $500,000.00 Liability, $500.00 deductible on accidents, $200. DED on Comp. and cover uninsured motorists. I am accident free, ticket free, and get all the discounts for multiple policies etc. I am also a senior citizen.
What has gone up for me is my high limit SF Personal Umbrella. It has doubled in the last 10 years.
G8 GT's are slightly less than $800 per year, Vette is just under $900, and Flex is nearly $1,000. All policies are $500,000.00 Liability, $500.00 deductible on accidents, $200. DED on Comp. and cover uninsured motorists. I am accident free, ticket free, and get all the discounts for multiple policies etc. I am also a senior citizen.
What has gone up for me is my high limit SF Personal Umbrella. It has doubled in the last 10 years.
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Le Mans Master
Joined: Dec 2012
Posts: 6,442
Likes: 2,535
From: New Jersey
I have Allstate and have a C7 on order. I guess I need to get a quote from them soon on a Corvette. I have been with Allstate since 1965 not that it matters to them. Any ideas on alternatives. I called the NCM and was not too impressed with their quote-problem was too little coverage for the price.
Haven't started shopping yet but I plan to. I disliked Safeco anyway.
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Joined: Mar 2001
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All insurance companies tend to hike their prices quite often. That's why I shop around each year to see if I am getting the best deal.
Instructor
Joined: Jul 2013
Posts: 208
Likes: 13
From: Benedict Maryland
I have been with Geico for about 15 years. I am paying just under $800 a year on a 2002 Avalanche, which is worth about 5K by KBB. I thought this was high, as my girlfriend is paying the same amount from Erie on a brand new VW Passat she just spent $24,000 for.
I called Geico to add my new car and was quoted $1700 a year for both.
So I called Erie and was quoted $1100 a year for both my Avalanche AND my new Z51 Corvette, which I should be picking up in about two weeks.
Goodbye Geico, hello Erie!
Alaska Paul
I called Geico to add my new car and was quoted $1700 a year for both.
So I called Erie and was quoted $1100 a year for both my Avalanche AND my new Z51 Corvette, which I should be picking up in about two weeks.
Goodbye Geico, hello Erie!
Alaska Paul
Melting Slicks
Joined: Jul 2006
Posts: 2,090
Likes: 51
From: Georgetown TX
Yup, longevity means nothing. Wifey & I (combined) have 70+ yrs w/ State Farm with excellent payment/claims record. At renewal time that all meant zilch and the rates went alpha-sierra. So after all those years of brand loyalty, we went shopping again and changed carriers. Now, the premiums are back where they should be w/ the new company...we'll see what the next few years bring.
Burning Brakes
Joined: Jul 2013
Posts: 1,147
Likes: 107
From: Cherry Hill PRNJ
I've had Geico for 43 years. Paid good premium for severals with new Chrysler 300, 2002 Chevy truck and once with 2008 corvette then new 2011, then new 2014 and most policy was about $1250 for YEAR! Now after being quoted same general price on new 2015, once car came policy jumped to almost $1900 a year same three cars. Geico says corvette reevaluated. I have spent hours arguing! After 43 years you think some consideration. Any Good companies out there treating us fairly. Thanks for reading my rant!!
anyway, signed on to Encompass, which I later found out was almost as bad...Met Life cut those rates more than 59% (car/homeowners/scheduled property)
Team Owner
Joined: Aug 2007
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From: I live my life by 2 rules. 1) Never share everything you know. 2)
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Pro
Joined: Feb 2011
Posts: 535
Likes: 21
From: TX
National Corvete Museum Insurance-Adam Boca
If you have another car and don't use your Corvette as a daily driver, Call Adam at NCM Insurance for a quote. 2014 Z51 convertible $500.00 per year with 500k liability limits. Safeco wanted $1300.00. Just google National Corvette Museum Insurance for the number.
Instructor
Joined: Jul 2010
Posts: 137
Likes: 2
From: Manatee Florida
Another vote for NCM insurance. My C7 is not my daily driver, but they allow 3,000 miles per year. That is plenty for driving a Corvette in New Jersey. I was surprised at the rates and customer service provided. My buddy insured his Porche 911 with them and saved a bundle. Call Adam, it could be worth your time.
Instructor
Joined: Jan 2006
Posts: 176
Likes: 13
From: New Oxford PA
I am retired USAF and had GEICO all the time I was on active duty and then continued for another 20 years - one day (about 2010) I realized I was not really getting such a great deal, looked at USAA and they were worse then GEICO. Looked at a few more and went with State Farm - BIG, BIG savings - and I am still with them. So if you are military or retired military - shop around, GEICO certainly was not a bargain - seemed like they were making great 'claims' for military but they were false claims!