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07-30-2018, 10:50 AM
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#1
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Senior Member
Join Date: Jul 2010
Posts: 7,948
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Left GEICO after 43 years
As the title says I have left GEICO Auto after 43 years and switched to Progressive.
I'm retired and 68 and GEICO over the past 4 years have increased rates every 6 months about 6 to 7% and 21% for my latest 6 month renewal.
2 cars 3 and 4 years old
No accidents or tickets for probably 30 years.
Basic Full Coverage
50/100/50
$1,000 medial
$500 deductible
Declines both Underinsured and Uninsured motorist coverage
Both DW and I took Defensive Driving class in 2016 to save a few bucks.
So that is it.
The 6 month renewal GEICO is $710
Previous 6 month look like this... $710, 708, $667, $621, $583, $500
So you can see how they increased each 6 months
Went to my Home Owners insurance and added my two cars
50/100/50
$5,000 medical
Added Underinsured and Uninsured drivers
$500 deductible
Got discounts for being with them for the past 8 years of homeowners insurance, etc, etc, etc,
Our new 6 month auto insure cost me ONLY $368 instead of GEICO's $710
Annual saving of $504
BYE BYE GEICO
and my new Auto Insurance carrier is with FLO and PROGRESSIVE.
Just thought others in my age bracket would like to know.
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07-30-2018, 10:57 AM
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#2
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Senior Member
Join Date: Jun 2013
Posts: 10,833
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You don't look a day over 55! I say rating should reflect what people look like Iggy! Nice to know the saving though. Did you get one of those things that plugs in the port?
__________________
B and B
2022 Venture RV SportTrek STT 302 VRB Travel Trailer
2018 Heartland Landmark 365 Louisville 5th Wheel
2015 Heartland Bighorn 5th Wheel
2013 FR Rockwood 8289WS 5th Wheel
2012 FR Rockwood 2703 SS Travel Trailer
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07-30-2018, 11:02 AM
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#3
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Senior Member
Join Date: Jul 2010
Posts: 7,948
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Quote:
Originally Posted by B and B
You don't look a day over 55! I say rating should reflect what people look like Iggy! Nice to know the saving though. Did you get one of those things that plugs in the port?
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Thank you for the age compliment.
68 and probably feel like I'm 55.
Now if I knew how to regrow hair. LOL
Yes Flo is sending me two plugins for the cars.
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07-30-2018, 11:24 AM
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#4
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Member
Join Date: Apr 2018
Posts: 60
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Quote:
Originally Posted by Iggy
Thank you for the age compliment.
68 and probably feel like I'm 55.
Now if I knew how to regrow hair. LOL
Yes Flo is sending me two plugins for the cars.
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68 here, and retired as well. Been with State Farm since - '72? So far, so good...
And maybe Flo will send you some plugins for your hair! (I could use some as well...)
__________________
Mickey Richaud
Townsend TN
2019 Mini Lite 2509S (SOLD)
2013 Toyota Tundra 5.7 4X4/Tow Pkg. (SOLD)
Moved on to Jayco Precept motorhome and Jeep Wrangler toad
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07-30-2018, 11:32 AM
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#5
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Senior Member
Join Date: Dec 2009
Posts: 353
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It's not cheap training lizards! LOL
__________________
Joel K
2013 Coachman Mirada 29DSSE
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07-30-2018, 11:37 AM
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#6
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Senior Member
Join Date: Mar 2018
Posts: 209
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Congrats on finding a significantly better rate. I used to work for an insurer (not GEICO *or* Progressive, btw, and in an IT capacity, not underwriting or sales.)
I am not surprised to hear this re: GEICO - only that it took so long.
GEICO tends to be very competitive for *new* customers, and raise their premium at successive renewals - even if no claims. A classic 'loss leader' strategy, if you will. You escaped this for so long b/c of your long history with them.
What probably triggered *your* premium increases, sorry to say, was your age. GEICO saw you as 60+ and therefore 'undesirable risk' going forward. It would've gotten worse as time went on, and the premium increases you saw reflect this. In short - they were signalling you that they *wanted* you to leave, I'm sorry to say. So 'both' sides are happy, as it turns out.
Re: Progressive - I have a policy with them for my TT, and have had motorcycle policies w/ them in the past. They can be *really* competitive on these types of items. For a company that does so much of their business online, they have really good customer service, as well. I like them, and have considered bundling with them - but my current insurer (who I've been with for 15yrs or so) has been very good.
As you see, the incentives to go multi-line (bundle home / auto, etc.) are strong. That's because statistically, with a two policy bundle, there's a 95% chance you'll remain with that carrier for 'life' (let's say 20yrs or more). If the insured has 3 or more policies (ex: home/auto/life), that increases to 97-98% retention rate (these stats are admittedly a bit old, but likely haven't changed much, even today)
Unfortunately, you can probably guess what happens after that, but it's not as bad as you would think (or what GEICO did to you).
Looking at your pic, I see that you are retired military. USAA and AFI aren't always the best deal for every service member, but if you haven't explored those two companies, you may be able to save a little bit more with them. 'Boutique' providers like these tend not to be as age-biased - but if you're going to switch to them, it would be better to do it before you reach 70. After that, you're really at the mercy of the actuaries. Your 'golden years', premium-wise, are from about 30-60, generally speaking.
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07-30-2018, 12:01 PM
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#7
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Senior Member
Join Date: Jul 2017
Location: Albuquerque, New Mexico
Posts: 942
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Unfortunately I live in the auto-theft capitol of the US. Already had 1 stolen, but luckily retrieved. Having a 20-year old college student on policy doesn't help either.
Safe and happy travels.
__________________
2012 GMC Sierra 1500 SLT Z71 6.2l aka "Luci"
2020 Grand Design Imagine XLS 22 MLE aka "Desi"
Past: 2017 Prime Time Tracer Air 206
Days camped 2021: 19
Days camped 2020: 18
Days camped 2019: 17
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07-30-2018, 12:02 PM
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#8
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Site Team
Join Date: Nov 2011
Posts: 4,499
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I shop insurance every 3 years or so. Current company will keep charging same amount for a depreciating car while a new company will charge for the value of a 3 year old model. Every time i change (State farm, farm bureau, national general-gmac, progressive and now gieco) every time!, the rate was cheaper elsewhere.
"2 trucks, suv, boat, class c RV and home"
__________________
2018 Forester 3011 DS
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07-30-2018, 01:01 PM
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#9
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Member
Join Date: Apr 2016
Location: Conroe Tx
Posts: 65
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Unfortunately, loyalty to an insurer does not count for anything these days. You can, and almost certainly will, save by researching rates every renewal period. Is it worth the hassle? everybody's aggravation point is different in that regard.
__________________
Mike and Paula and lil Fwankie Sudz
2016 38EL
2015 F450
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07-30-2018, 01:07 PM
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#10
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Senior Member
Join Date: May 2011
Location: LaGrange,Ga
Posts: 315
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Quote:
Originally Posted by Iggy
As the title says I have left GEICO Auto after 43 years and switched to Progressive.
I'm retired and 68 and GEICO over the past 4 years have increased rates every 6 months about 6 to 7% and 21% for my latest 6 month renewal.
2 cars 3 and 4 years old
No accidents or tickets for probably 30 years.
Basic Full Coverage
50/100/50
$1,000 medial
$500 deductible
Declines both Underinsured and Uninsured motorist coverage
Both DW and I took Defensive Driving class in 2016 to save a few bucks.
So that is it.
The 6 month renewal GEICO is $710
Previous 6 month look like this... $710, 708, $667, $621, $583, $500
So you can see how they increased each 6 months
Went to my Home Owners insurance and added my two cars
50/100/50
$5,000 medical
Added Underinsured and Uninsured drivers
$500 deductible
Got discounts for being with them for the past 8 years of homeowners insurance, etc, etc, etc,
Our new 6 month auto insure cost me ONLY $368 instead of GEICO's $710
Annual saving of $504
BYE BYE GEICO
and my new Auto Insurance carrier is with FLO and PROGRESSIVE.
Just thought others in my age bracket would like to know.
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Thanks
About same age, us old school folks were use to longevity with many of our service needs, an we were rewarded for it.. today these companies could give a rats ass , today your hard press to even get to talk to a person to plead your case... today we’re expected to pay for others who claim on everything .. not on our own record ... it’s very sad the world we live in.. The Good Old Days were even better than we thought.
Thanks for the share
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07-30-2018, 01:17 PM
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#11
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Senior Member
Join Date: Jan 2018
Location: Raleigh, NC
Posts: 9,586
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No loyalty TO the customer anymore...
Quote:
Originally Posted by SEAYALL
Thanks
About same age, us old school folks were use to longevity with many of our service needs, an we were rewarded for it.. today these companies could give a rats ass , today your hard press to even get to talk to a person to plead your case... today we’re expected to pay for others who claim on everything .. not on our own record ... it’s very sad the world we live in.. The Good Old Days were even better than we thought.
Thanks for the share
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Yup. I've had phone service with AT&T at various locations since 1967 and broadband internet since 1995. I just got off the phone changing providers. Rising rates, bad service, and difficult rate negotiations drove me away. I will soon have Google fiber and 1-VOIP telephone.
As for insurance, I continue to be delighted with Amica on the cars. They don't cover trailers, so I went with Progressive. No claim experiences yet (knock on wood) but their customer service and web service have been good. The resort where the 2007 Cherokee 38P is permanently parked wanted to be jointly listed on the policy for liability coverage--when I called Progressive they knew exactly how to do that.
Larry
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07-30-2018, 01:20 PM
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#12
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Senior Member
Join Date: Jan 2016
Location: Apollo, PA
Posts: 588
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I would never put a plug-in thingy in one of my vehicles. They will use the information against you if it benefits them. We are tracked too much as it is.
I turn the location off on my phone unless I need it for an app.
__________________
2017 Rockwood 2703WS - Sold
2015 Keystone Sprinter 333FWFLS
2017 F250, 6.2 Gas, 3.73 Axle, 2902 lb Payload
If women don't find you handsome, at least they should find you handy!
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07-30-2018, 01:21 PM
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#13
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Junior Member
Join Date: Jun 2017
Posts: 16
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I have GEICO for my 2008 Ram 3500 Diesel, 2019 Jeep Trailhawk and 2017 Diesel Pusher MH all with full coverage. Over 60 and retired. Before the trailhawk we had two others SUVs on the policy and our rates have stayed pretty consistent. Went down a little when we added the new vehicle and took off the two older ones. Tried the MH with progressive and they were three times as much as GEICO. Had our home through Armed Forces Insurance and they changed us our to Progressive this year and the rate went up 25%. Contacted GEICO for the home and saved $400.00 on that policy and got another discount on the vehicles of 5%.
__________________
Berkdriver
Dave
2017 Berkshire 38A
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07-30-2018, 01:23 PM
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#14
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Senior Member
Join Date: Jul 2010
Posts: 7,948
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Thanks all.
So let the insurance switch game begin every few years.
I guess I have been naïve way to long toward relations with GEICO.
I think just talking about it and making other aware is helpful to everyone.
So I got rid of my Gecko and got a new girlfriend instead. FLO
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07-30-2018, 01:38 PM
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#15
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Senior Member
Join Date: Apr 2017
Location: Mt Dora,Florida
Posts: 175
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I've had 3 increases the past 3 renewals and starting to wonder. When I last asked, they told me rates are going up in Florida. Not sure where you are but sounds like I need to go shopping. Geico is good and RV friendly but insurance is what it is.
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07-30-2018, 02:00 PM
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#16
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Junior Member
Join Date: Oct 2012
Posts: 13
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I just turned 65 and have Meemic, raised mine from 141.00 a month to 170.00 a month.Just because I turned 65.
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07-30-2018, 02:06 PM
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#17
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Just as confused as you
Join Date: Aug 2013
Location: south central Wisconsin
Posts: 5,108
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GIECO Gecko.
__________________
Richard & Jill
2014 Flagstaff 832IKBS Classic Super Lite
2018 Silverado 1500 Crew Cab Z71 4WD All Star Edition
Camping since 1989, Seasonal since 2000.
Car Shredder Op/Tech, Scrap Metal Recycling - retired
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07-30-2018, 02:20 PM
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#18
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Member
Join Date: Jun 2017
Posts: 32
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I hope your other limits are high. We pay about 200 more and max out our limits.
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07-30-2018, 02:26 PM
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#19
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Site Team
Join Date: Mar 2008
Location: Louisville, KY
Posts: 10,525
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Quote:
Originally Posted by Dpelaez
I've had 3 increases the past 3 renewals and starting to wonder. When I last asked, they told me rates are going up in Florida. Not sure where you are but sounds like I need to go shopping. Geico is good and RV friendly but insurance is what it is.
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Yep just like Cable TV and old ATT land line, insurance gives you a good rate to suck you in and then ups it every renewal period.
They have no customer loyalty.
If you've been with one carrier for more than a couple years you need to shop.
My poor non-internet savvy neighbors just told me they are paying $180 a month for basic cable TV and phone.
NO internet! Sheesh!! I am going to try and help them find something lower.
__________________
Peace!
Dan & Rita D
2017 Nissan Titan 5.6L King cab 4wd
2016 Evergreen Everlite 242RBS
29' empty nest model. Blue Ox WD hitch
(1 queen bed, large main cabin and huge bathroom)
Camping days 2010-53, 2011-47, 2012-41, 2013-41, 2014-31, 2015-40, 2016-44, 2017-63, 2018-75, 2019-32, 2020-41, 2021-49, 2022-43, 2023-66
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07-30-2018, 02:38 PM
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#20
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Senior Member
Join Date: Apr 2018
Posts: 236
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I had nationwide for probably 10 years. Then every "renewal" cycle they started upping my rates. I'm not like you old farts... Meh, I'm turning 50 in Sept. Either way, nationwide kept upping rates. At that time I had a brand new 2015 kia sedona with the "works" with full comprehensive/collision. My rates were under $100 then kept bumping up and it was finally $150/month. I'm like what the heck is going on? I have zero accidents/tickets in 20+ years!! I called Geico, did the "15 min or less" and walked out of the conversation with a rate and same insurance at $43/month. I've been happy with Geico, but TOTALLY agree about shopping insurance. I call my insurance agent annually to go over my policy to see what I really need covered. Anyway, now I have Geico for my 2018 TT and 2016 truck and my rate is $119/month. Should I look around some more?
James
__________________
James & Aimee
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2018 Rockwood 2906WS
2012 Ram 2500HD 6.7L Cummins
Equal-i-zer 4 Point Hitch
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