I’ve been with the same company for 25 years, but my monthly rate just jumped from $100 to $170. When I called to ask why, they had no explanation. So, why wouldn’t I just switch to Geico?
Nobody’s stopping you.
I’d switch. If things get cheaper with your old company later, you can always go back. A lot of people have been saying their rates with this company have gone up lately.
Stop thinking loyalty gets you anything with insurance companies. Most of them count on you sticking around and not shopping for better deals. You should be checking prices for all your insurance every couple of years.
@Asa
This company does offer a 10% discount if you’ve been with them for 5 years or more.
Axel said:
@Asa
This company does offer a 10% discount if you’ve been with them for 5 years or more.
That 10% meant nothing to me when they raised my rates and blamed it on Texas. I switched to a different company for cheaper rates and better coverage.
Axel said:
@Asa
This company does offer a 10% discount if you’ve been with them for 5 years or more.
But what’s the base price they’re discounting? That 10% discount probably didn’t even cover the rate increases over time.
Why wouldn’t you switch? Maybe you’re allergic to geckos or cavemen.
I asked them the same question before switching. They told me, ‘We don’t advertise being the cheapest.’ Okay then, I left and saved $2,000 a year on auto and home insurance with State Farm.
Why do some people think loyalty gets you special treatment? Everything gets more expensive over time, and you expect your insurance rates to stay the same? That’s just not realistic.
Geico might be cheaper on auto, but their homeowners insurance quote might be higher to make up for it, especially if you’re bundling. That’s what we’ve seen when shopping around.
Shawn said:
Geico might be cheaper on auto, but their homeowners insurance quote might be higher to make up for it, especially if you’re bundling. That’s what we’ve seen when shopping around.
That hasn’t been my experience. I’ve switched back and forth on homeowners insurance, and sometimes it’s cheaper, sometimes not. Bundling doesn’t save much. I stuck with Geico for auto because they were half the price, and I’ve had no problems with claims.
Shawn said:
Geico might be cheaper on auto, but their homeowners insurance quote might be higher to make up for it, especially if you’re bundling. That’s what we’ve seen when shopping around.
This really depends on where you live and your specific situation. For me, no one else even comes close when I bundle. I check every year, and I still end up back here every time.
@Blair
Wow, you’re one of the few. This company is usually the most expensive, and their claims process is terrible—used parts, cheap aftermarket replacements, and so on. I went with Navy Fed and State Farm and saved a ton.
@Jody
That works for you, but it doesn’t apply to everyone. I just got a quote from State Farm, and they wanted $736 a month compared to $1,504 every six months with this company. For me, this is the cheapest option, no contest.
@Blair
I literally said you’re one of the few. Was that hard to understand?
Jody said:
@Blair
I literally said you’re one of the few. Was that hard to understand?
You need to relax. The fact you think I’m the only one saving money here shows you don’t know what you’re talking about. This discussion is over.
I just switched to Geico too. They couldn’t explain why my rates were nearly double. I don’t even file claims, so the choice was easy.
What are your coverage limits for bodily injury, property damage, and uninsured/underinsured motorist? Are you sure the coverage levels are identical between the two companies?