Yes. Received my new Geico bill this morning. Over a 50% increase in one year. No claims. Sock it to the seniors I guess. Been with them for decades.

I have been with State Farm for 61 years with my car and had been with them for my homeowners until I moved to Florida, 11 years ago, but they weren’t selling homeowners back then. I’ve had four or five different homeowners since then and State Farm started selling in FL a few years ago, but were double what I was paying, so didn’t go with them. The Villages Insurance, American Integrity, almost doubled last year, so I switched to Farmer’s who were about $500.00 less. I’m due in August and have started shopping, but all these “free roofs” that have been charged to the insurance companies have really screwed up the market.

My favorite subject is insurance. I had Geico for automobile for 10 years and suddenly they went up 50%. I called and they said market forces. I went to progressive and I suddenly getting emails and a lower price from Geico but I don't switch. Geico does not offer homeowners in the state of Florida. I moved here 20 plus years ago and I don't know really who I had for homeowners but after a few years people's trust caught my attention as they were the only ones doing things over the internet. They were half the cost for homeowners and I switched them for a few years the minute I switched I got a letter from my old policy company telling me about all the things people's does not cover but I never got a call from my old company that I could get a smaller quote if I drop coverages.
Your needs may be different than mine as I don't have the assets some of you have in the bank. Do you realize that if you put your home in a trust and your assets in a trust is very little need for a large coverage for insurance? You know you can save 50% on your auto insurance if you go down from 1 million to 50,000/100,000 on your coverages? There is another what I call a scam for a homeowners policy in that they cover your outlying buildings as well as your basic residence of course. Well I don't know anybody in a senior community that has a storage shed, this alone is 50 or $100 a year in cost that is not needed. You need to also make sure that your insurance covers the new course of building to the new laws. I forget what that ryder is called. This is also probably the first year that the rebuild cost will match your actual insurance cost. Don't forget most houses are over insured because they conveniently forget that there's a piece of land under your home that does not get fire damage or flood damage as a general rule. You want to make sure you were not over insured for the value of your home. One last thing I would like to mention is that the agents work on commission and you understand what that really means. In other words for my first five years in Florida no one told me that I should get what's called the wind remediation report for $90. This can save you $200 or $300 per year off your insurance easily.... . So at the end of the day it is up to you to do your own work and making sure you get the best value and a decent price. I'm not one to move policies for 10 or 20 bucks but when they become outrageous that's when I act. You should also yearly look at your cell phone bill, as well as check your credit card rates and you should call both companies to see if you can get something better. Do you know your credit card company if you keep a balance will negotiate a lower rate for you. And by the way if you have an old car and want something newer this is the best time in a century to trade in? The car I bought 3 years ago, I can now get $1,000 more for and I paid!!!!

Yes. They raised our umbrella policy 110%. We shopped elsewhere and cancelled ALL our policies with them...and told them why. Try AAA insurance. I think you will be happy.

Warren collecting his share and not paying taxes on it. :):icon_wink:

Wrong. You can get an umbrella policy under your auto insurance to cover everything. I have GEICO and only have auto with them. I took out a $1,000,000 umbrella policy with them several years ago and the premium was $220 a year, for the first 3 years. Then it went up a little last year and this year it almost doubled, to over $400. I called and the rep said that Florida has one of the highest rates of law suits, so that is the reason for the increase. THANK YOU DAN, MORGAN AND MORGAN ETC. I dropped the policy.

I found Auto-Owners to have the best rate. Geico quoted me $300 a year more than I’m currently paying. The other thing I’ve noticed with these companies is they will not guarantee their quoted price, and it often ends up being more once you sign up.

IMO Insurance companies have great lobbyist so they can pick and choose where and who they want to insure. IMO if the federal government requires you to have automobile insurance Then, they should regulate the cost. But they probably had to pass it to see what’s in it. That what we got today, county full of pigeons.

IMO That’s because you 3 year old car worth 1/2 what you paid for it, so 1000 Bucks pigeon feed. You never get good deal trading, you only think you do.

For those who did shop around for auto insurance based on price, who did you find that had the lowest rates?

I have USAA and Progressive is almost half the cost.

They have to pay somehow for all their stupid TV ads.

I have had GEICO for over 30 years and have found a better policy price (same coverage amounts) using Progressive. Will be changing at the end of July.

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When I called their Service Dept. regarding their abusive rate I was told I would be better off if I moved to a different state and they were only increasing the rates in line with Florida rules. They went further by saying if I lived in New York, or California I would be
paying as in Florida. Does this mean the Florida Insurance Laws are alleged;y as bad as those states? What makes this worse is that Florida has many more Senior Citizens on fixed income than those states so they are hit much harder with these abusive outrages rate increases. I have had Geico for many many years and never had a claim for anything in thos 40+ years and so blindly paid their rates. This increase was so terrible (100+ increase over prior year) that it caused me take a look. Ignorance had been bliss!
Now for the good news. It has caused me to realize how I have allegedly been taken advantage of over the years and start investigating other Companies and also waking me up to the fact that over the years I was participating in their game by recommending them to my friends. :ohdear:

Those Law Firm ads are misleading. If a driver has $100,000 liability coverage and injures someone, Morgan and Morgan can NOT get a $1,000,000 pay out from the insurance company. The insurance only pays $100,000 max. Now, if a commercial vehicle, like a truck or school bus hits you, and they carry $1,000,000+ liability, then yes, Morgan and Morgan might get that much. But no more than that. And the Law Firm takes a big cut of that $1,000,000. That's why they can afford to advertise on TV (the most costly advertisement outlet).

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All insurance rates are going to sky rocket over time. The reason being all these attorneys ads showing all the lawsuits they are winning for their clients. You see them on television every day. These insurance companies have to charge everyone else higher rates.