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My Geico™ (US car insurance) premium went from [annual figures, $1000ddct 10x minimums, no accidents, 20 years licensed] $550 pre-pandemic to $800, as of latest
by ProllyInfamous 3y ago
My Geico™ (US car insurance) premium went from [annual figures, $1000ddct 10x minimums, no accidents, 20 years licensed] $550 pre-pandemic to $800, as of latest summer renewal.
The introductory letter from Geico's division (of Berkshire Hathaway) tried to soften the blow of rates jumping 45% in just over three years... but I am about to drop down to liability only, and sell a vehicle to cover next few incurrence$.
- gs17 3y agoYou should shop around too. I switched from Geico to Progressive and then to Connect (the one Costco members get). There's also a few you can only get from an agent which are way more picky about who they accept (I was rejected for switching brands too frequently).
- mech7654 3y agoTo add onto what others said, insurance companies love loyalty. Loyal customers get charged more. I've found that shopping around about every 3 years is a good idea without too much trouble.
- gs17 3y agoI found it hilarious that Progressive was giving me a loyalty discount that was far less than the rates increased.