Quote:
Originally Posted by PennBF
Has anyone noted the outrages Geico charges for insurance. In the case of Umbrella Policies they have more than doubled the charges. Not sure yet what they are going to do with the Auto Insurance policies? It seems it allegedly may be tied to age as even if you
never had a claim in 40+ years and have a credit rating of greater than 800 you are still subject to a 100+% increase in your rate? It is allegedly beyond outrages abuse of the seniors.  |
Reality. Being a customer with one company for 40 years does not make them say they are a loyal customer rather they say he is not shopping and so we do not need to offer him a discount to get his business. You should shop and see if the company you are using is competitive. Age? Credit score? May count differently with different companies.
I'm not an insurance expert however my mother, years ago worked for a broker. If, I recall an umbrella policy is under your homeowners insurance not your auto insurance.
In any case you can reduce you insurance costs, with any company by increasing the deductibles-you self insure smaller claims. Even the car you drive can effect the cost of insurance. Tickets? You get to pay the fine and then pay more for your insurance for years after.