[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.

[Kenswing]

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.

Is outrages anything like outrageous? The beautiful thing about an open market is you get to shop around for your insurance. Maybe it's that time?

[MrFlorida]

Yea, I noticed the high rates and will be shopping around at the next renewal.

[EdFNJ]

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.

I believe they (Geico) farms out anything other than auto insurance to their "partners". My Auto rates from Geico that I just renewed last week are still from 25 to 50% less than the nearest competitor for identical $ for $ coverage and that includes Allstate, State Farm, AAA, Progressive and 1 or 2 others. I go through that every year. No claims in 15+ years,

I Tried getting a homeowners quote from Geico and they weren't interested. They insisted on sending me to one of their "partners."

You really have to shop around for each type of policy separately but mainly keep homeowners and umbrella from the same company for the best umbrella rate.

[Babubhat]

They have no loyalty to customers. Always need to shop rates every few years

[Garywt]

Have no noticed because I would never use Geico.

[DAVES]

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.

[DAVES]

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.

I did not mention it in my first reply. I see others have so I will join in. All companies will gladly take your money. Collecting on a claim some companies are reasonable others are not. Perhaps, unfair of me but I had GEiCO insurance ????? 25 plus years ago.
My car was legally parked with the engine off. It was hit by another car. The driver saw that I saw. It was precellphone cameras but I did have a film camera with me and I took pictures. I even got the name of a worker who saw the whole thing from a ladder.
I saw him laughing. Simple, could not be more easy. Geico did everything they could to make it difficult for me. They never did get a statement from the witness I handed them. The person who hit my car also had Geico. Took roughly a year and a half to get back my deductible. When all was settled Geico raised my insurance rates. I was able to go to another insurance company and pay less.

Geico regulatory tries to sell me insurance. As it is said fool me once shame on you fool me twice shame on me. I am not a potential GEICO customer.

[EdFNJ]

Originally Posted by DAVES

I did not mention it in my first reply. I see others have so I will join in. All companies will gladly take your money. Collecting on a claim some companies are reasonable others are not. Perhaps, unfair of me but I had GEiCO insurance ????? 25 plus years ago.

LOL, 25 years, you really hold a grudge! If that were the case I'd never own a Honda or ever send a package through the mail or NEVER buy a bottle of Tylenol!

[GrumpyOldMan]

Interesting. This thread certainly points out how people can have different experiences. We have used GEICO for 10 years and have had nothing but positive experiences with them. We have had to use them 4 times in those 10 years and every time we have been completely satisfied - no, that is not fair to them, they went way out of their way to make sure we were satisfied.

Their price is on the low side of competitive. Every year we check with other companies and every year they win. I see no reason to change. I have NO loyality. And if things change this year, we will move on - but so far, we are completely happy with them.

[banjobob]

As always you should shop your insurance needs at least every two years if not yearly. Loyalty does not seem to matter to insurance companies.

[davephan]

In Florida, one of the higher costs is insurance. That’s just life in Florida! It just like the higher driving speeds are “normal”. But much more important, is the number of totally reckless drivers on the Florida roads. The small round signs and crosses next to the roads should be a reminder to you about the result of all the reckless and irresponsible drivers in Florida. Our auto insurance is almost double in Florida compared to Minnesota. If you wonder why, just look at all the reckless drivers in Florida.

There are several things that could be done, that aren’t being done. The police could concentrate on just the reckless drivers. Suspend the reckless driver’s driving licenses. If they are caught driving with a suspended driver, put them in prison for a year. Much fewer people would risk driving with a suspended driver’s license, if there was a risk of going to prison. They could also confiscate the vehicle. If their driver’s license was suspended multiple times, then revoke their driver’s license permanently. If they are caught driving with a revoked driver’s license, put them in prison for 5 years. If there’s teeth in the law, people will obey the law. The people who don’t obey the law, and go to prison will serve as examples to other people, and cause more people to obey the law.

People who have histories of reckless driving arrests, could have their rates drastically increased. Then the auto insurance for responsible drivers would decrease, and the costs would be shifted to the irresponsible drivers, because the responsible drivers are currently subsidizing the reckless drivers now.

The umbrella insurance is a little higher in Florida, but not drastically higher, like auto insurance. Have you ever noticed the billboard’s where the attorney got me $500K, or some other amount? Have you noticed all the attorney advertising on TV? While some people deserve compensation for their injuries, there are others who are faking their injuries for essentially a lottery payout.

If you maintain your insurance without periodically switching companies, the insurance companies will gradually increase your rates. It’s your task to periodically shop for insurance, and switch insurance companies periodically. If you stay with the same insurance company for decades, then the insurance company know that you won’t leave them if they gradually raise your rates.

[Hiltongrizz11]

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.

Well what are you talking? Car insurance, golf cart insurance, RV insurance, home owners??

Sheesh

[Babubhat]

Originally Posted by DAVES

I did not mention it in my first reply. I see others have so I will join in. All companies will gladly take your money. Collecting on a claim some companies are reasonable others are not. Perhaps, unfair of me but I had GEiCO insurance ????? 25 plus years ago.
My car was legally parked with the engine off. It was hit by another car. The driver saw that I saw. It was precellphone cameras but I did have a film camera with me and I took pictures. I even got the name of a worker who saw the whole thing from a ladder.
I saw him laughing. Simple, could not be more easy. Geico did everything they could to make it difficult for me. They never did get a statement from the witness I handed them. The person who hit my car also had Geico. Took roughly a year and a half to get back my deductible. When all was settled Geico raised my insurance rates. I was able to go to another insurance company and pay less.

Geico regulatory tries to sell me insurance. As it is said fool me once shame on you fool me twice shame on me. I am not a potential GEICO customer.

Why some people choose Chubb. It costs more but they pay the claims without hassle

[lkagele]

Originally Posted by DAVES

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 general, two types of umbrella; business and personal. A personal umbrella policy provides liability coverage above your underlying policies for both auto and homeowners. If a claim occurs that exhausts your underlying limits on either a HO or auto then your personal umbrella kicks in with an additional layer of liability coverage.