Geico Auto Insurance
Geico Auto Insurance
I currently have auto, boat, life, and homeowners insurance with American Family. I have been with them for about 12 years. I currently pay about $1,635 annually for two vehicles. Got a quote for same coverage from Geico for about $730 annually. I told American Family agent about quote and he said that he can't lower my rates at all. He proceeded to tell me that Geico is able to offer such low premiums because they reimburse body shops at incredibly low rates for work done and that the insured is then left to pay the difference between what Geico pays and what the repair costs. I think that this is a total line of BS, but has anyone had any troubles with repairs paid for by Geico? Any trouble finding a body shop because you have Geico, etc?
Last edited by Lindrobe on Mon Jul 27, 2015 7:41 pm, edited 2 times in total.
Re: Geico Auto Insurance
I have had GEICO auto insurance for 30 years. We have had a couple of accidents during that time and we never had any issue getting reimbursed. The GEICO claims inspector went to the body shop to see the car and must have negotiated with the body shop. We were not involved. I think the last time we had a claim was at least 10 years ago, so I can't vouch for whether anything has changed recently.
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Re: Geico Auto Insurance
I know my parents have had GEICO since the time when people thought you had to be a federal government employee (the G and E in GEICO) to buy their insurance. I have never heard them say anything regarding GEICO reimbursing at low rates and having to pay the difference.
Re: Geico Auto Insurance
Its the nature of insurers these days to organize networks of preferred providers. It streamlines the claims handling and lowers costs. Same thing has happened with health insurance.
You don't have to accept Geico's recommended repairer however. Read your policy - you retain the right to have your car repaired at the facility of your choice. However - you should try to ensure that every aspect of the claim is identified and priced acceptably for both the garage and Geico before preceding with the repair.
You don't have to accept Geico's recommended repairer however. Read your policy - you retain the right to have your car repaired at the facility of your choice. However - you should try to ensure that every aspect of the claim is identified and priced acceptably for both the garage and Geico before preceding with the repair.
Re: Geico Auto Insurance
About 2 yrs ago my brand new Prius was hit at the front drivers side fender by my landlord at our company. We both had Geico insurance. Took it to a Geico recommended shop (I did not have to, they allow you to take it to any shop you want), got a free rental car, and overall I was very happy with the repair. I had no out of pocket costs, did not have to pay deductible, the other party was 100% at fault. I would recommend Geico and just renewed my policy. I think many of these shops are contracted with multiple insurance companies. Geico was recommended to me by a friend.
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Re: Geico Auto Insurance
With that kind of savings I think you would be crazy not to switch. All insurance companies are going to be as cheap as they can when a claim arises. Saving that kind of money every year is guaranteed money in the bank.
Re: Geico Auto Insurance
That is a very large difference. Are you sure Geico's $730 is not semi-annually?Lindrobe wrote:I currently have auto, boat, life, and homeowners insurance with American Family. I have been with them for about 12 years. I currently pay about $1,635 annually for two vehicles. Got a quote for same coverage from Geico for about $730 annually. I told American Family agent about quote and he said that he can't lower my rates at all. He proceeded to tell me that Geico is able to offer such low premiums because they reimburse body shops at incredibly low rates for work done and that the insured is then left to pay the difference between what Geico pays and what the repair costs. I think that this is a total line of BS, but has anyone had any troubles with repairs paid for by Geico? Any trouble finding a body shop because you have Geico, etc?
We have had Geico for 20+ years. Couple of accidents/claims, no problems. I do recall that on a collision claim (DH at fault) for a 4-5 year old car, they would not approve OEM parts and we had to go with aftermarket reconditioned parts. Maybe that is the same with all insurance companies, I don't know.
Re: Geico Auto Insurance
Geico's quote is actually about $365 semiannually, so $730 annually. Every quote I have gotten has been significantly less than American Family. And that is without moving our homeowners, boat, or life insurance. Probably would be a bigger savings on auto if I bundled.
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Re: Geico Auto Insurance
Geico didn't give us any problems when we submitted a claim. They paid for everything except the deductible. I didn't even have to submit a form to be reimbursed; they simply paid the shop when the payment was due.
Re: Geico Auto Insurance
I had home + auto with Geico for a couple of years. I switched home to Amica while retaining auto with Geico. For auto, I had a large claim (car totaled) and Geico did pay quickly and without any hassle.
For home it is a different story -- Geico doesn't directly underwrite your home owner's policy. They pass it onto a company called Homesite insurance. These guys have low policy premiums, but have a poor track record on customer experience (look them up on Google). I never had a home related claim. But after dealing with Homesite for a couple of years (updating policy terms, processing policy payments etc), it was clear that they are a poorly run operation. I didn't want to take the risk of dealing with them if / when I need to make a claim.
For home it is a different story -- Geico doesn't directly underwrite your home owner's policy. They pass it onto a company called Homesite insurance. These guys have low policy premiums, but have a poor track record on customer experience (look them up on Google). I never had a home related claim. But after dealing with Homesite for a couple of years (updating policy terms, processing policy payments etc), it was clear that they are a poorly run operation. I didn't want to take the risk of dealing with them if / when I need to make a claim.
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Re: Geico Auto Insurance
For Homeowner's Insurance, Geico's partners appear to differ by state. I obtained homeowners insurance through GEICO at Liberty Mutual. I get some discounts for multiple policies (Auto and Home). Liberty Mutual is a reputable company based on my prior experience, and setting up and changing my coverage was very efficient and personable.RandomFly wrote:I had home + auto with Geico for a couple of years. I switched home to Amica while retaining auto with Geico. For auto, I had a large claim (car totaled) and Geico did pay quickly and without any hassle.
For home it is a different story -- Geico doesn't directly underwrite your home owner's policy. They pass it onto a company called Homesite insurance. These guys have low policy premiums, but have a poor track record on customer experience (look them up on Google). I never had a home related claim. But after dealing with Homesite for a couple of years (updating policy terms, processing policy payments etc), it was clear that they are a poorly run operation. I didn't want to take the risk of dealing with them if / when I need to make a claim.
Re: Geico Auto Insurance
We got hit recently by a driver insured by Geico; 100% his fault. So we had a choice of getting the claim processed by Geico or by Allstate. Geico required us to get the car to one of their repair facilities for an estimate. Closest was about 10 miles; car was totaled and could limp maybe one mile or be towed. Geico never offered to pay the tow cost. Allstate adjuster came to us next day. Left us with a very bad taste of Geico.
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Re: Geico Auto Insurance
We have GEICO and had to make a claim recently. The facility they directed us to was a hassle to get to. We whined about this and they connected us to a contract claims adjuster, who came out the next day and calculated the claim in about 10 minutes.Bill M wrote:We got hit recently by a driver insured by Geico; 100% his fault. So we had a choice of getting the claim processed by Geico or by Allstate. Geico required us to get the car to one of their repair facilities for an estimate. Closest was about 10 miles; car was totaled and could limp maybe one mile or be towed. Geico never offered to pay the tow cost. Allstate adjuster came to us next day. Left us with a very bad taste of Geico.
Re: Geico Auto Insurance
No problems at all wth Geico.
Recently had a collision claim.
Geico rep gave me an estimate on the spot and and cut the check for repair.
After the repair was done there were additional electrical repairs that needed to be done.
The vehicle went to another facility,repairs were done,they submitted the bill to the collision shop.
The collision submitted the additional bill to Geico and they paid the bill in full immediately.
The work was excellent.
I believe what the agent is telling you is nonsense.
Paid semi-annual payment this month:
521.00
2 vehicles
2015 Honda CRV
RV
Recently had a collision claim.
Geico rep gave me an estimate on the spot and and cut the check for repair.
After the repair was done there were additional electrical repairs that needed to be done.
The vehicle went to another facility,repairs were done,they submitted the bill to the collision shop.
The collision submitted the additional bill to Geico and they paid the bill in full immediately.
The work was excellent.
I believe what the agent is telling you is nonsense.
Paid semi-annual payment this month:
521.00
2 vehicles
2015 Honda CRV
RV
Last edited by Toons on Tue Jul 28, 2015 9:25 am, edited 1 time in total.
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
Wow, that is a great rate. We switched to GEICO last year for the same reason. Long time (15 years) Allstate customers, no accidents, no driving citations, our premiums continued to go up and up every year even with our discount for having our homeowner's insurance bundled. We were paying ~$1100/semi annually. Switched to GEICO premiums went to $730/semi annually. I wish I could get my auto insurance that low. No claims yet so I can't comment on that aspect of their service. I do like how easy it is to navigate their website.
Re: Geico Auto Insurance
Did you switch your homeowner's insurance also? I started getting quotes at first just to switch auto. This morning I started trying to tackle getting quotes to also move homeowner's. I have a significant amount of expensive jewelery added to my homeowners and I need recent appraisals for all pieces to add to a new homeowner's policy. Seems like it is going to be a real hassle to switch homeowner's, but I am wondering if American Family will significantly increase my homeowner's insurance if I do not have auto with them anymore....Cindyjrn wrote:Wow, that is a great rate. We switched to GEICO last year for the same reason. Long time (15 years) Allstate customers, no accidents, no driving citations, our premiums continued to go up and up every year even with our discount for having our homeowner's insurance bundled. We were paying ~$1100/semi annually. Switched to GEICO premiums went to $730/semi annually. I wish I could get my auto insurance that low. No claims yet so I can't comment on that aspect of their service. I do like how easy it is to navigate their website.
Re: Geico Auto Insurance
I have GEICO insurance for 13 years but I have not claimed so I do not really know much about the detail. But, I am with Geico because its premium is cheaper than others.
Re: Geico Auto Insurance
I switched everything over to Geico years ago after getting an auto quote online,in a matter of minutes.Lindrobe wrote:Cindyjrn wrote:Wow, that is a great rate. We switched to GEICO last year for the same reason. Long time (15 years) Allstate customers, no accidents, no driving citations, our premiums continued to go up and up every year even with our discount for having our homeowner's insurance bundled. We were paying ~$1100/semi annually. Switched to GEICO premiums went to $730/semi annually. I wish I could get my auto insurance that low. No claims yet so I can't comment on that aspect of their service. I do like how easy it is to navigate their website.
Did you switch your homeowner's insurance also? I started getting quotes at first just to switch auto. This morning I started trying to tackle getting quotes to also move homeowner's. I have a significant amount of expensive jewelery added to my homeowners and I need recent appraisals for all pieces to add to a new homeowner's policy. Seems like it is going to be a real hassle to switch homeowner's, but I am wondering if American Family will significantly increase my homeowner's insurance if I do not have auto with them anymore....
Technology has improved vastly since then.
Their efficiency is unsurpassed ,,in my estimation anyway
Homeowners link
(Not Affiliated)
https://www.geico.com/getaquote/homeowners/
Last edited by Toons on Tue Jul 28, 2015 9:39 am, edited 2 times in total.
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
The part that will be a hassle is collecting all new appraisals for our jewelry. Not actually getting the quotes....I switched everything over to Geico years ago after getting an auto quote online,in a matter of minutes.
Technology has improved vastly since then.
Their efficiency is unsurpassed ,,in my estimation anyway
Homeowners link
(Not Affilated)
https://www.geico.com/getaquote/homeowners/
Re: Geico Auto Insurance
Hassle?Lindrobe wrote:The part that will be a hassle is collecting all new appraisals for our jewelry. Not actually getting the quotes....I switched everything over to Geico years ago after getting an auto quote online,in a matter of minutes.
Technology has improved vastly since then.
Their efficiency is unsurpassed ,,in my estimation anyway
Homeowners link
(Not Affilated)
https://www.geico.com/getaquote/homeowners/
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
I think it's a hassle....You may not. But, a little more involved than just getting quotes for insurance on home.
Re: Geico Auto Insurance
I've had Geico since I left my parent's auto insurance policy. I shopped around a couple times, but no one could ever come close to their price. Never had to use it, but feel like it would be the same amount of hassle of dealing with any other insurance.
Re: Geico Auto Insurance
It was easy,they just ask about valuables,their job is to simplify and take the stress out of the processLindrobe wrote:I think it's a hassle....You may not. But, a little more involved than just getting quotes for insurance on home.
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
I need updated appraisals though for my jewelry because I have each item added on as a separate rider. Appraisals must be less than 1 year old, so I would need to get new appraisals from a jeweler. The jewelry coverage that comes with a standard homeowner's policy covers theft only. A separate rider covers each piece individually and includes coverage beyond theft (lost & misplaced items, etc). Important to me because my jewelry replacement value totals about $100,000.Toons wrote:It was easy,they just ask about valuables,their job is to simplify and take the stress out of the processLindrobe wrote:I think it's a hassle....You may not. But, a little more involved than just getting quotes for insurance on home.
Re: Geico Auto Insurance
Look on the bright side,,all it takes is a phone call,you might be surprised how easy it is,Lindrobe wrote:I need updated appraisals though for my jewelry because I have each item added on as a separate rider. Appraisals must be less than 1 year old, so I would need to get new appraisals from a jeweler. The jewelry coverage that comes with a standard homeowner's policy covers theft only. A separate rider covers each piece individually and includes coverage beyond theft (lost & misplaced items, etc). Important to me because my jewelry replacement value totals about $100,000.Toons wrote:It was easy,they just ask about valuables,their job is to simplify and take the stress out of the processLindrobe wrote:I think it's a hassle....You may not. But, a little more involved than just getting quotes for insurance on home.
Nothing ventured Nothing Gained
Once again ,Not Affiliated
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
Also, if you call GEICO and tell them that you own Berkshire Hathaway stock then they will give you a discount!
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Re: Geico Auto Insurance
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Last edited by TimeRunner on Wed Dec 12, 2018 12:47 pm, edited 1 time in total.
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Re: Geico Auto Insurance
I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happened", you want the best shop to do the job for you, and (from personal experience) you may have problems getting them to accept the shop rate that GEICO is willing to pay.
The shop that I deal with, that does the best work in town here, will work with a GEICO-based claim only for repeat customers, otherwise it's not worth their while. It's a matter of customer loyalty for them. People deserve to get paid.
If you're really good at your job, why would you be working at one of the discount jobbers.
Welcome to the meat-grinder of capitalism. Ground lizard, anyone? ;^)
The shop that I deal with, that does the best work in town here, will work with a GEICO-based claim only for repeat customers, otherwise it's not worth their while. It's a matter of customer loyalty for them. People deserve to get paid.
If you're really good at your job, why would you be working at one of the discount jobbers.
Welcome to the meat-grinder of capitalism. Ground lizard, anyone? ;^)
Re: Geico Auto Insurance
I don't think it works that way. You pay your deductible and you should not pay anything more.Lindrobe wrote: He proceeded to tell me that Geico is able to offer such low premiums because they reimburse body shops at incredibly low rates for work done and that the insured is then left to pay the difference between what Geico pays and what the repair costs.
I've had GEICO for many years. Maybe 10 years ago I was at fault in an accident that total 2 vehicles and had about $3k in medical expenses. They took care of everything. Paid me a nice sum for my total 4 runner. Didn't raise my rates. Six months later paid for medical issues that developed long term with no questions. It was pretty easy. I'm still with GEICO.
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Re: Geico Auto Insurance
I did switch that at the same time. We switched from Allstate at $1150/year to Western Mutual $750/year. Our Allstate agent called me when she found out that we cancelled all our insurance. I told her that I really like Allstate but they weren't competitive. She said give me the quotes you got and let me see what I can do. I did. She called back and said "sorry, I can't touch those." I also failed to mention that the coverage I got with GEICO for our cars is better than the coverage I was getting from Allstate. Like higher limits across the board.Lindrobe wrote:Did you switch your homeowner's insurance also? I started getting quotes at first just to switch auto. This morning I started trying to tackle getting quotes to also move homeowner's. I have a significant amount of expensive jewelery added to my homeowners and I need recent appraisals for all pieces to add to a new homeowner's policy. Seems like it is going to be a real hassle to switch homeowner's, but I am wondering if American Family will significantly increase my homeowner's insurance if I do not have auto with them anymore....Cindyjrn wrote:Wow, that is a great rate. We switched to GEICO last year for the same reason. Long time (15 years) Allstate customers, no accidents, no driving citations, our premiums continued to go up and up every year even with our discount for having our homeowner's insurance bundled. We were paying ~$1100/semi annually. Switched to GEICO premiums went to $730/semi annually. I wish I could get my auto insurance that low. No claims yet so I can't comment on that aspect of their service. I do like how easy it is to navigate their website.
Re: Geico Auto Insurance
If you don't qualify for their lowest rates already. We did. When we told them we were Berkshire Hathaway stock holders, the lady added that discount code and it didn't do anything to the price. She said "you're already receiving all the possible discounts you can get."sramina wrote:Also, if you call GEICO and tell them that you own Berkshire Hathaway stock then they will give you a discount!
Re: Geico Auto Insurance
In spite of my comments above, I think this could be an example of what your agent might be talking about. If you take these facts and reword it, it could sound like what your agent said.theunknowntech wrote:I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happened", you want the best shop to do the job for you, and (from personal experience) you may have problems getting them to accept the shop rate that GEICO is willing to pay.
The shop that I deal with, that does the best work in town here, will work with a GEICO-based claim only for repeat customers, otherwise it's not worth their while. It's a matter of customer loyalty for them. People deserve to get paid.
Link to Asking Portfolio Questions
Re: Geico Auto Insurance
I agree. I am a little bit weary of going with Geico. I have fairly nice vehicles and I know that I would be pretty picky about what body shop I used. I have gotten other quotes too. None of them as low as Geico, but all quotes have been less than American Family. So far, these are the annual quotes I have received:In spite of my comments above, I think this could be an example of what your agent might be talking about. If you take these facts and reword it, it could sound like what your agent said.
Alllstate $1,140
Liberty Mutual $1,240
Progressive $1,308
Amica $1,594
Erie $1,173
Re: Geico Auto Insurance
Something seems a little out of whack to me. The GEICO quote is significantly different from all the others. I'm wondering if there may be a bit of apples to oranges going on.
I'd check with GEICO again and I'd also ask them just who they use in your location and within say 50 miles. Are they places you would consider if you needed work done?
If not, would the other insurance companies let you use the repair place you prefer?
I'd check with GEICO again and I'd also ask them just who they use in your location and within say 50 miles. Are they places you would consider if you needed work done?
If not, would the other insurance companies let you use the repair place you prefer?
Link to Asking Portfolio Questions
Re: Geico Auto Insurance
That is a good idea about checking with GEICO on body shops. The coverages were all the same for all quotes that I received.retiredjg wrote:Something seems a little out of whack to me. The GEICO quote is significantly different from all the others. I'm wondering if there may be a bit of apples to oranges going on.
I'd check with GEICO again and I'd also ask them just who they use in your location and within say 50 miles. Are they places you would consider if you needed work done?
If not, would the other insurance companies let you use the repair place you prefer?
I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions.
I am considering Allstate and possibly Erie as well. Both are still significantly less than what I am paying now.
Re: Geico Auto Insurance
But that is the reason they are less expensive! No broker overhead. While you may not be able to talk face-to-face with a broker you will be able to talk with a licensed agent 24/7 as well as a claims rep if you have a Sunday afternoon accident. Trying reaching your broker on the golf course then .Lindrobe wrote: I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions.
Re: Geico Auto Insurance
So, are there Geico offices anywhere? I guess I thought that there were....But that is the reason they are less expensive! No broker overhead. While you may not be able to talk face-to-face with a broker you will be able to talk with a licensed agent 24/7 as well as a claims rep if you have a Sunday afternoon accident. Trying reaching your broker on the golf course then .
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Re: Geico Auto Insurance
It's the reality of the situation. Are you willing to step up to the plate and underwrite the difference between what GEICO would pay to get the car fixed, and the actual cost of the repair, including spec parts and talented people to do the work. Probably not.theunknowntech wrote:
I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happened", you want the best shop to do the job for you, and (from personal experience) you may have problems getting them to accept the shop rate that GEICO is willing to pay.
The shop that I deal with, that does the best work in town here, will work with a GEICO-based claim only for repeat customers, otherwise it's not worth their while. It's a matter of customer loyalty for them. People deserve to get paid.
In spite of my comments above, I think this could be an example of what your agent might be talking about. If you take these facts and reword it, it could sound like what your agent said.
Re: Geico Auto Insurance
+1furwut wrote:But that is the reason they are less expensive! No broker overhead. While you may not be able to talk face-to-face with a broker you will be able to talk with a licensed agent 24/7 as well as a claims rep if you have a Sunday afternoon accident. Trying reaching your broker on the golf course then .Lindrobe wrote: I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions.
Exactly
Or while he is on a cruise
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
If you want a person, maybe you should go with an agency.Lindrobe wrote:I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions.
My phone experience with GEICO has been excellent. The reps know what they are doing and they are available any time. They keep good notes so if you call back the next one knows what the other one said. In my many years of using GEICO I've never had less than excellent phone service.
Can't comment on the shop work though. They just gave me a check for the vehicle and towed it away.
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Re: Geico Auto Insurance
Were any of the other quotes from places that are mostly on-line? That could be some of the difference.furwut wrote:But that is the reason they are less expensive! No broker overhead.
But I recently shopped out homeowner's insurance and GEICO was right in there with the pack - not lower than the others. Go figure. There's just going to be things that don't make sense.
Link to Asking Portfolio Questions
Re: Geico Auto Insurance
theunknowntech wrote:It's the reality of the situation. Are you willing to step up to the plate and underwrite the difference between what GEICO would pay to get the car fixed, and the actual cost of the repair, including spec parts and talented people to do the work. Probably not.theunknowntech wrote:
I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happened", you want the best shop to do the job for you, and (from personal experience) you may have problems getting them to accept the shop rate that GEICO is willing to pay.
The shop that I deal with, that does the best work in town here, will work with a GEICO-based claim only for repeat customers, otherwise it's not worth their while. It's a matter of customer loyalty for them. People deserve to get paid.
In spite of my comments above, I think this could be an example of what your agent might be talking about. If you take these facts and reword it, it could sound like what your agent said.
Guess it depends on if your car is a vehicle or a "work of art". Some of us use the cars for their utility. Hence why I did a DIY fender replacement after an overnight hit and run on my Saturn. Cost me less than a 1/4 of the deductible. But my vehicles are cheap and I'm happy with that.
Seems like you should carry additional insurance if you want your collector car to be restored to immaculate pre-accident condition. Autobody shops already seem overpriced to me, so I can't imagine what a "good" shop in your eyes would truly cost. Fingers crossed for you, that you don't need to deal with that.
Re: Geico Auto Insurance
No other quotes from online companies. I think all the other ones have offices.retiredjg wrote:Were any of the other quotes from places that are mostly on-line? That could be some of the difference.furwut wrote:But that is the reason they are less expensive! No broker overhead.
But I recently shopped out homeowner's insurance and GEICO was right in there with the pack - not lower than the others. Go figure. There's just going to be things that don't make sense.
I have heard that for homeowner's insurance, Geico farms the insurance out to other companies based on location/region. So, I don't think that they actually underwrite their own homeowner's insurance polices. Could explain why they were in line with the others for homeowner's.
Re: Geico Auto Insurance
Now that you mention it, the rep did say it would be a ___ policy. I don't remember which company though. That could explain it.Lindrobe wrote:I have heard that for homeowner's insurance, Geico farms the insurance out to other companies based on location/region. So, I don't think that they actually underwrite their own homeowner's insurance polices. Could explain why they were in line with the others for homeowner's.
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Re: Geico Auto Insurance
"Homeowners coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc."
Travelers underwrites my homeowners through Geico
Link to information
https://www.geico.com/getaquote/homeowners/
Travelers underwrites my homeowners through Geico
Link to information
https://www.geico.com/getaquote/homeowners/
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: Geico Auto Insurance
Progressive is the company that Geico is most often compared with. Also try Elephant - they are a new one. Einsurance is a clearing house for multiple companies to quote you.No other quotes from online companies.
Re: Geico Auto Insurance
I have insured my cars with GEICO for over 30 years. The claims experience has been excellent, both when I have been at fault and when I have been on the receiving end of a drunk driver. I find their telephone agents quick, knowledgeable, and responsive. I also have our umbrella insurance with GEICO.
There was an odd experience several years ago when GEICO sent me a check for several hundred dollars, saying that they reviewed our policy and determined that we overpaid. Maybe I was overpaying but the check certainly was cashed quickly!
Not worrying about whether a claim will be paid in full is worth quite a bit, even though I think that the rate I pay is competitive.
There was an odd experience several years ago when GEICO sent me a check for several hundred dollars, saying that they reviewed our policy and determined that we overpaid. Maybe I was overpaying but the check certainly was cashed quickly!
Not worrying about whether a claim will be paid in full is worth quite a bit, even though I think that the rate I pay is competitive.
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Re: Geico Auto Insurance
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Re: Geico Auto Insurance
I had an interesting experience with Geico. Recently married, my wife & I both had Geico + Renters insurance through Allstate (combined policies were about $1200/yr). We called around to a couple of national companies to get a combined policy. Geico was $1700/year, all the others were around $1100.
Something didn't seem right, so I called Geico and got escalated to "customer retention". After 5 minutes of me saying "I'm leaving if you can't get me a good price" (I didn't specify what that price was), they said I was "grandfathered and a valued customer" and offered a policy for $650/yr (renters through Travellers in PA). I immediately accepted - It's an insanely good price for $500k full coverage on 2 cars (40k miles/yr) + $100k renters.
Definitely pays to negotiate, especially if you have a clean driving & financial record.
Something didn't seem right, so I called Geico and got escalated to "customer retention". After 5 minutes of me saying "I'm leaving if you can't get me a good price" (I didn't specify what that price was), they said I was "grandfathered and a valued customer" and offered a policy for $650/yr (renters through Travellers in PA). I immediately accepted - It's an insanely good price for $500k full coverage on 2 cars (40k miles/yr) + $100k renters.
Definitely pays to negotiate, especially if you have a clean driving & financial record.