MY BAD GEICO INSURANCE EXPERIENCE !

The logic certainly makes sense; if you're careless with credit, what else
might you be careless with? Your driving? It's an indicator.

 

I don't know a lot about All State, but they dropped 3 people I know
already after having an accident. When I first got my car, I signed
up with State Farm. Their quote was cheap and I didn't even give it a
second, but signed the dotted lines. 2 months later, I got a letter
from State Farm claiming that they misquoted me and raise my insurance
50%. In addition, since the amount I paid for the first 2 months was
the rate of the original quote, they charged me the difference. I was
furious! The stupid agent where I bought the auto insurance did not
even apologize. Maybe I should have sued. Fortunately, someone at
work suggested GEICO. I called GEICO and they quoted me the rate
State Farm originally quoted for me, maybe about 20 bucks higher. At
that point, I was satisfied with a 20 dollar increase than a 50%
increase, which would have mean I would be paying over 400 dollars per
month, about 70% more than my car payment.

I dance what they wanted me to dance. I went to the inspection and
some guy took pictures, inspect the windshield, write down the color
of the interior, etc. In the end, I'm satisfied.

Of course, I always wonder how they would threat me if I ever get into
an accident.

 

If you don't tell them they'll figure it out from where you live and where
you work and make assumptions. It's in your own interest to get it
accurate before they assign some actuarial "average". Business use miles
cost more than travel to work miles, which cost more than pleasure miles

Hmmm - suburbia == suburbia.... city == city.... more or less.

I can assure you that in NJ, unless you assign a specific car solely to
that "youthful driver", with appropriate insurance, they are obliged to
provide coverage for a shared vehicle at the residence. Naturally they
provide it for the highest rated car - yup, they *do* assume.

Rgds, George Macdonald

"Just because they're paranoid doesn't mean you're not psychotic" - Who, me??

 

What do you expect from a company whose corporate mascot is a lizard?


ROFLOL !!!!!!!!!!!!!!!!!!!!!!

JM

 

they wouldn't even give me a quote until I gave them my SSN.

They did a credit check on you as part of the instant underwriting.
Can be done in a few seconds.

JM

 

They can not just raise 'your' rate. The must apply to the

So wrong, Mike. Actually they have several companies set up and ready
to go. If you have a claim, the carrier can and often will bounce you
to another of their insurance companies (sometimes with a similar
sounding name) which, golly, just happens to have a much higher rate
structure. And if you try to move to another insurance outfit, well,
too bad, now you've got a claim that they will pick up in the
underwriting process, and THEY'll charge you more too.

JM

 

State insurance laws vary tremendously. It is very dangerous to
proclaim "in most states" because you'll invariably be wrong.
Companies have different approaches too, within the confines of a
particular state's laws. Everybody here needs to give up describing
their own experiences as to what is/isn't covered, or how a company
underwrites, because it is pretty pointless -- the rest of the readers
here are going to have their own set of experiences, and may be quite
right about it.

It is, however, informative to correlate claim experiences with
specific companies. That's going to have some universal application
to all of us. The following are total crap in my opinion:

State Farm. Geico. Farmers. Progressive. (And too bad, because
State Farm and Farmers used to be really great companies.)

Anyone with a great driving record, who prefers an "agentless"
approach, should contact Amica Insurance. Their car and house
premiums are not cheap, but they handle claims extraordinarily well.
They've been around almost as long as cars have, and do no
advertising. Word of mouth only.

No I'm only a customer.

JM

 

George since you live in NJ it may be to your advantage to look
at not only listing your child as principal driver on a
particular vehicle if you have as many vehicles as drivers, you
may even want to obtain a title in his name as well. You can
still insure the vehicle on your policy at the same rates because
you have the legal right to insure your minor children. You will
separate his liability from yours. Why do that you ask?
Liability losses for an at fault accident. Lets assume you have
300K limit policy and have assets worth 800K. If you become
liable for a 500K, the winner of the litigation can come after
your 800K for the 300K balance. Litigation is always directed
ultimately against the owner of the vehicle, not the driver. If
you son is the owner of the vehicle, rather than you, they can
not go after your assets.



mike hunt

 

I believe you misunderstood what that statement says. As long as
your rating situation has not changed, you pay the premiums in
full on time, you have no at fault accident or license suspension
or revocations no insurance company can deny you renewal or
change your INDIVIDUAL rates, as the previous poster suggested.
Any other opinions are simply that, opinions.

Some states do allow new policy issuers to offer a sign up
discount, equal to good driver discounts that take a year or to
to earn, that will expire in one of two years. The reason being
so they can offer better rates to attract good drivers who have
already earned discounts on their current insurers policy.


mike hunt

 

When someone says 'most states' in response to a general question
that was not state specific, it should be obvious
that the poster does not mean the answer supplied to all states.
Of course one should consult their particular state instance
commission or Company agent for definitive information.
Insurance regulation can ever have variances in differed regions
is some states. In Pennsylvania for instance the regulation in
Philadelphia and Pittsburgh are specific to those two cities
compared to the balance of the Commonwealth


mike hunt

 

I'm just done with all that in the past year - the car for high school,
college etc. for the 2nd and final time. Even with no accidents, it *is*
expensive. In both cases we had a family car which was ~5years old, in
good condition and kept them for the kids.

Rgds, George Macdonald

"Just because they're paranoid doesn't mean you're not psychotic" - Who, me??

 

That's why I have stayed with USAA for about 30 years rather than switch.

 

This sounds like good advice. I hope you're right this time. We had
planned on signing over my son's car to him when he's 18, but just might
consider what you're suggesting for the reasons you cite.

wrote:

George since you live in NJ it may be to your advantage to look at not
only listing your child as principal driver on a particular vehicle if
you have as many vehicles as drivers, you may even want to obtain a
title in his name as well. You can still insure the vehicle on your
policy at the same rates because you have the legal right to insure your
minor children. You will separate his liability from yours. Why do that
you ask? Liability losses for an at fault accident. Lets assume you have
300K limit policy and have assets worth 800K. If you become liable for a
500K, the winner of the litigation can come after your 800K for the 300K
balance. Litigation is always directed ultimately against the owner of
the vehicle, not the driver. If you son is the owner of the vehicle,
rather than you, they can not go after your assets.
mike hunt

 

If you insure him on his own policy the rate is higher.
Check with your agent, WBMA. Who ya gonna believe, me or
netsuke


mike hunt

 

It's already through the roof--$1650./6 month policy, and that's with a
$1000 deductible for collision. He would have to be able to stay on our
current policy. I'll check with 21st Century to see what they say if I
transer title into his name.

WBMA? Hep me.

Oooh, that's a loaded question. You just gave some decent advice, so
I'll go mute on that one.

 

I believe that Andrew was concerned specifically that his rating
situation could well change, resulting in a draconian increase in his
premiums by Geico. Your comment seems rather circular to me; if there
is no change in one's rating then a carrier wouldn't want to try to
set rates individually anyway. They have better things to do to make
money, like increase the entire group's premium.

JM

 

BWAAAAAAAAAHAHAHAHAHAHAHAAHAHAHAH!!!

This, from a proven liar!


--
'03 S2000
'94 Accord

It's just about going fast...that's all...

http://home.insight.rr.com/cgreen/

 

The part about the pictures. I just insured a used car last week for my
Daughter...no inspection...no pictures.

Heh heh...you calling somebody "slow"!?

I don't need to do the research...I already know most of what you say is
false.

You see Mikey...the problem is your credibility. You have been caught so
many many times pulling stuff from you ass, and flat out lying.

Instead of standing up like a real man, and explaining yourself, you
"disappear" for a week or so, only to return to think that nobody remembers.

I have already forgotten, what you will never know about tools, mechanics,
AND insurance.

Again, until you stand up like a man, nobody here is going to believe you.

--
'03 S2000
'94 Accord

It's just about going fast...that's all...

http://home.insight.rr.com/cgreen/

 

The part about the pictures. I just insured a used car last week for my
Daughter...no inspection...no pictures.[/QUOTE]

But others of us have had pictures taken. It may depend on the agent,
the insurance company, your credit record, whatever.

 

But others of us have had pictures taken. It may depend on the agent,
the insurance company, your credit record, whatever.[/QUOTE]

Right, but Mikey says if they dont inspect it, they WILL take pictures.

That is NOT true.

--
'03 S2000
'94 Accord

It's just about going fast...that's all...

http://home.insight.rr.com/cgreen/