Orbis Tabula
Member
That's not the only thing that's constantly adjusting.
#BattleOfTheMods #itsallconnected #ChooseASide #IcarusVCyan
-
Hey Guest. Check out your NeoGAF Wrapped 2025 results here!
GEICO to Raise Auto Insurance Premiums
- Thread starter razgriz417
- Start date
- Status
That's not the only thing that's constantly adjusting.
#BattleOfTheMods #itsallconnected #ChooseASide #IcarusVCyan
You guys do know they have a actuarial department of 100+ constantly raising/lowering (mainly raising) rates in all states? Like literally every other major insurance company. All insurance company premiums are basically always going up. I can answer a few questions about the process if you guys are interested.
CarpeDeezNutz
Member
This helps me understand warhammer 40k better.
Also, lol at the people joking vs the people taking the thread seriously.
Orbis Tabula
Member
Can you get me a job as an actuary?
Kurt Angle
Member
what's the average rate for good driving records?
I pay 88$ a month
I pay 88$ a month
I had just about the best Geico had to offer on a 2013 Honda Accord, brand new back in Jan of 2013, and I was paying $98. My area is apparently a high-accident one. My friend who lives in rural Virginia has even better coverage on his Lexus (I.E. about $10k more expensive car and costly to repair) and pays $70. So I guess it vastly depends on the area.
Hell when I drove a Mini Cooper, temperamental and expensive (BMW parts) my premium was oddly less.
PumpkinSpice
Banned
I'm curious if the recent trends have actually been worse than normal lately. I've heard that vehicle miles traveled is ticking up for the first time in years in the US, probably due to extremely cheap gas. Are the two related?
ReturnOfTheRAT
Member
1227 every 6 months.
Hero_of_the_Day
Member
I pay $78 a month. That includes my wife, full coverage on one vehicle, and liability on another. I'm 29, wife is 28. We both have perfect driving records and live in the middle of nowhere Illinois.
has your credit gotten worse? Have you filed any record only or emergency roadside or $0 dollar claims? Have you opened a lot of extra credit lines, had a judgment, opened a lot of bank accounts up recently?
Sho_Nuff82
Member
I've been with Geico a year now and my rate has dropped $10. At least it's less than $200 I guess. :/
*edit also, Geico is pretty competitive for single line auto policies, they don't write their own fire policies, If you own a house or condo chances are there's more competitive rates out there, also if you are looking for excess liability coverage. There's so many variables to what you pay for insurance.
Frustrated_Grunt
Member
I'm paying $100 a month with GEICO. I'm getting hosed.
outunderthestars
Banned
parrotbeak
Member
I've been paying $350 per 6 months for full coverage, which I needed to get my warranty. My warranty expires this month though so I might reduce the coverage. I've had Geico for 15 years or so.
megarockexe
Member
Crap, so have I been overpaying with $650 per 6 months? How low can one go?
parrotbeak
Member
Not sure if age matters but i'm 40 and have gotten into one minor accident about 12 years ago.
That's about what I pay. I don't consider it overpriced; I totaled my last car a few years back and they paid out ~$8k (a very generous payout relative to the condition and age of the car) in less than a week without the slightest bit of pushback. They didn't raise my rate either.
On the other hand, my insurance company doesn't have a talking gecko. I'll make do.
Napoleonthechimp
Member
nabe_shogun
Member
I thought about getting geico a while ago, but I ended up staying with state farm. I pay about $190 every 6 months. But I have 3 cars insured at this much and it adds up. Although thats with the least amount of coverage on a cars that are worth pretty much nothing.
No to all. 840+ FICO scores. No new accounts or anything. I am meticulous about my financial health more than anything.
ban them
razgriz417
Member
I screwed up and copied the url of the article and made it the title. I guess cyan was the one who changed it to the first post lol
Not trying to be a dick or anything, but odds are extremely slim you have an 840 FICO. Did you mean 740? I work in financing and have never seen over 820. 850 is perfect. And I'm working mostly with very high credit worthy individuals.
This. I passed a billboard the other day proclaiming how they've been around for 75 years but they didn't start the marketing blitz until the past decade. I guess it is starting to backfire on them now and I wonder if they'll loose customers because of the rates.
Recent trends have been worse than usual in a few coverages, especially body injury and personal injury protection/med pay - anything that has to do with medical bills, for obvious reasons. Other coverages nothing crazy is going on. Cheap gas absolutely means people are out driving more. I don't have any data to support that claim, but the head honchos of the department I used to work in spouted that as fact, and they tend to not make things up.
It depends on the scale. FICO 8 is 850, other formulas of FICO are 900 such as auto enhanced, etc. However, my FICO 8 ranges from 840-848 on all three bureaus . It's really not hard to get if you have a mortgage, a couple of installment loans, no inquiries and you pay everything before it posts on your credit cards. It's called gardening.
Great, because I just totaled my car a few weeks ago and got a new car. Switched out the new one for the old one and it went from $121 a month to $143 a month. That doesn't even take in consideration the payout on the car, the accident, and when it comes up for renewal.
Hope I don't get screwed
Hope I don't get screwed
The Last Wizard
Member
Please no, the last mod wars were a tragedy.
- Status
Similar threads
- Poll