Anyone have Geico insurance?

[87 WE2]

Just curious if anyone has Geico insurance? I am wondering if they are ok service wise, etc... or if I should stay away from them.
I got a quote from them almost $1000 cheaper for the year, then I currently pay and everyone else I have called, allstate, statefarm, etc... is around $900 or more then the quote from Geico.

If you have Geico, or had them please post your findings with them good & bad please..............Thanks

 

[gnfanatic]

I have them and I am located in NY. They are awesome. Customer service is top notch, you call them anytime and they were very cool several times in the past when I needed help quick. I did hear by a couple of people that if you get a pretty nasty ticket or accident they drop you?? I dont nkiow for sure though. I got a clean record. Go for them,, you save alot and you wont be disappointed witgh the service.


Ralph

 

[Jesse]

I have had them for 4 years and have not had a problem with there services , even when my wifes car was broken into and vandalized they took care of the all her claims.



Jesse

 

[DCEPTCN]

I'll try to give you the Cliff's Notes version of this.

Geico is one of many companies that are considered by many others to be 'Sub-standard'. This means that so called 'Standard' companies look down on Geico's customers because, even though YOU might be a good customer, Geico will accept just about anybody. So, if you came to a standard insurance company, (Allstate, Farmers, State Farm, etc.) you are automatically considered a bad risk and therefor written a policy in their 'bad-guy' department. (Here in NM with Allstate the bad guy line is called indemnity, but the title varies by company and state) The difference between an indemnity policy cost and an AP&C ('good-guy' for Allstate in NM, blah, blah) can be astronomical. One customer of mine was quoted at about $300 for a 6 month policy, but when I found out about his indemnity past_ his price went to $2300 for 6 months. I'm telling you all of this because I'm at work and have insurance on the brain and also because I hate to see anybody unwittingly get stuck in indemnity and keep paying too much for all of eternity. The best way to get out of this situation it seems is to go with Progressive for one year (you're required to have one year prior standard to move into the good lines) and then try a quote from....well, Allstate for example. Also, you'll end up having an actual agent who gives a sh** about your wallet instead of just somebody at the other end of a fiber optic cable. Anyway, I give this "One year to cheaper insurance speech" to anyone who I find out is with a sub-standard company. Jesus, I'm a boring a-hole._

 

[scottyb]

I think that what DECTCN says has merit. I've been with State Farm since I was 15 (now 36). I started at ~ $600 a year with them while driving a VW beetle, and "piggy-backed" on my folks policy. With few variations, I have generally paid that amount per car, and still do. Maybe you need to grill them about how your rates will be after 1 year. My wife had "sub-standard" insurance, and State Farm wouldn't even write her. (before we were married). I got her in under my policy now. Hers is a bit higher now because of recent accidents, but still less than 800 a year.

 

[ross87t]

Originally posted by DCEPTCN
I'll try to give you the Cliff's Notes version of this.

Geico is one of many companies that are considered by many others to be 'Sub-standard'. This means that so called 'Standard' companies look down on Geico's customers because, even though YOU might be a good customer, Geico will accept just about anybody. So, if you came to a standard insurance company, (Allstate, Farmers, State Farm, etc.) you are automatically considered a bad risk and therefor written a policy in their 'bad-guy' department. (Here in NM with Allstate the bad guy line is called indemnity, but the title varies by company and state) The difference between an indemnity policy cost and an AP&C ('good-guy' for Allstate in NM, blah, blah) can be astronomical. One customer of mine was quoted at about $300 for a 6 month policy, but when I found out about his indemnity past_ his price went to $2300 for 6 months. I'm telling you all of this because I'm at work and have insurance on the brain and also because I hate to see anybody unwittingly get stuck in indemnity and keep paying too much for all of eternity. The best way to get out of this situation it seems is to go with Progressive for one year (you're required to have one year prior standard to move into the good lines) and then try a quote from....well, Allstate for example. Also, you'll end up having an actual agent who gives a sh** about your wallet instead of just somebody at the other end of a fiber optic cable. Anyway, I give this "One year to cheaper insurance speech" to anyone who I find out is with a sub-standard company. Jesus, I'm a boring a-hole._

You quoted a guy $300/6 months and when you found out he had previously been covered by another so called "sub-standard" insurance company, you knocked the price up to $2300/6 months?

You sound like the typical insurance snake to me. WTF does it matter? He pays month to month. If he doesn't pay, you can drop him immediately.

I still don't understand why insurance companies have any right to run credit checks. I don't have to worry, because my credit is great. But, I still don't think it's right.

Insurance is just legalized organized crime anyway.

Ross

 

[gnfanatic]

Some of these insurance take advantage of people big time. I find it to be disgusting. Allstate wanted $3600 a year for my saturn. I never got in an accident, no tickets and 6 years experience at the time. Thats is BEYOND crazy. Geico wanted $1550 for the year. I love geico and no way in hell they are a sub-standard insurnace company. I bet they are hurting alot of the competition . 2 thumbs up for Geico in my book.

 

[murphster]

Originally posted by Grand Nash
I currently pay and everyone else I have called, allstate, statefarm, etc... is around $900 or more then the quote from Geico.

$900 is the extra amount that covers paying the insurance agent, the secretary, and the lease on the office. If he's a really good insurance agent, the difference might be $1000 or more.

DCEPTCN is right, Geico will accept just about anybody. They like to make money off of everyone equally. The only reason an insurance agent won't accept you, is because they think they won't make a profit from you. Geico is no worse/better than any other insurance company. Have an incident that could be questioned, and they are all equally nasty.

I like not having an agent that gives a sh** about my wallet. More money for me and less for him.

The only negative thing about Geico is that its not offered in NJ.

 

[Rogue Leader]

Firstly... DCEPTCN That was the biggest load of crap I've ever heard here... GEICO is "sub-standard"? will accept anybody??? What planet are you from???

I have worked as an agent for GEICO for the past 2 years, and besides having the same top rating by AM Best as your beloved Allstate and State Farm, They also have outdone both companies and most others in both claims and service ratings.

As for accepting people, We DO have some real low end rating categories. But we wont accept a lot of risks that your so called "Standard" companies will (if you have 2 DWIs in the past 10 yrs dont bother knockin, but both Allstate and State farm will insure you!). And we price those low rating categories accordingly (read: very likely the person isnt gonna buy it, unless they cant get insurance ANYWHERE else) And we would rather write them there (where we can drop them should we choose) than have em as an another leech in the assigned risk pool that we cant get rid of if we want to.

GEICO has a large Preferred/Ultra Preferred market especially with Government and Military employees, AND in many states its RARE that any company can compete with those preferred rates. GEICO however has MUCH stricter underwriting than most companies and therefore it can be tougher for you to make our Preferred companies. HOWEVER once your in, unless you do some really dumb crap (DWIs etc), your in for good, as our turnover rate is VERY low, and despite the stupid rumors made by commissioned brokers and agents who we are blowing away because they are ripping off the customers. Man some customers have told me some siiick stuff about outside agents, similar to the crap you just spilled.

Customers call me all day long and tell me about scumbag tactics like what you just told me (because they were with an Indemnity company you jack their rates), People like you make me embarassed to call myself an Insurance Agent!

 

[gnfanatic]

Damn Rogue, that was great. I was waiting for you to reply to this. I am a satisfied customer and so are many of my friends.

Ralph

 

[Rogue Leader]

Originally posted by ross87t

I still don't understand why insurance companies have any right to run credit checks. I don't have to worry, because my credit is great. But, I still don't think it's right.

there was a LONG term study done that found a direct and consistent correlation between credit score and future losses. It is THE most accurate predictor ever used by the insurance industry.

Admittedly nothing is perfect, but then again just because you had an accident last year does it mean you'll have another? Probably not but thats what it was based on before. Credit is much more of predictor of a pattern of behavior that could cause losses.

In my own personal experience I've seen credit score help a LOT more people get a better rate than they normally would qualify for. It helps a heck of a lot more people than it hurt.

(That said, some people who have great scores have such a cocky holier than thou attitude I wanna quadruple their premium. I feel like sayng just because your checkbook is balanced doesnt mean youre a good driver, in fact youre such a cock your rate is tripled!)

 

[1Grand86]

Rogue,
why does Geico not cover NJ?

 

[Rogue Leader]

Originally posted by 1Grand86
Rogue,
why does Geico not cover NJ?

Long story but basically NJ's unlimited PIP laws mean the company loses TONS of money on accident injury fraud (read: "ow my neck hurts!").

Also they control prices too much, where low rates should be given to good drivers and high to bad drivers, youre severely limited on how you can surcharge bad driving (tickets, DWIs, etc), so good drivers eat the losses... the company never makes money, and everyone loses....

 

[Pressure-Less]

I have used Geico for 7 years and they have the best service, prices and customer support 24/7!

 

[tom h]

Geico has all these ads how their prices are so low, blah-blah, but Geico quoted 30-40% more than State Farm.

So I'm staying with State Farm. Theyve started raping me during the last year on rates, but they're still a lot lower than Geico in my Zip code in So Cal.

I suppose this will vary a lot across the country, your accident record, your zip code, etc, YMMV.

 

[1badTTA]

Originally posted by Rogue Leader
there was a LONG term study done that found a direct and consistent correlation between credit score and future losses. It is THE most accurate predictor ever used by the insurance industry.

Admittedly nothing is perfect, but then again just because you had an accident last year does it mean you'll have another? Probably not but thats what it was based on before. Credit is much more of predictor of a pattern of behavior that could cause losses.

In my own personal experience I've seen credit score help a LOT more people get a better rate than they normally would qualify for. It helps a heck of a lot more people than it hurt.

(That said, some people who have great scores have such a cocky holier than thou attitude I wanna quadruple their premium. I feel like sayng just because your checkbook is balanced doesnt mean youre a good driver, in fact youre such a cock your rate is tripled!)

OK, I will call BS on that one. Maybe the people who are actually exploiting the insurance companies have low credit scores, but you are basically saying that all blacks or hispanics will comit a crime. My wife and I have been through some tough times and our credit wouldn't be good enough to get an ice cream cone, but it doesn't mean we should have to pay more for insurance. In the last ten years I have been in 2 not at fault accidents ($750 for one and $3000 total when the TTA was hit in a parking lot at work) and my wife was in 2 accidents which one was someone making an illegal turn driving on a suspended license and the other was 4 people from Phoenix in a Honda that slammed on the brakes when she was changing lanes and looking over her shoulder. The driver and one of hte passengers swapped and lied to the cops and they all went to the hospital but Geico payed out over $23,000 for that POS. The other lady who made an illegal turn on a suspended license had Farmers and they fought it and somehow since Geice didn't want to pay for a descent lawyer it ended up being 60% my wifes fault after the police only cited the other woman. Now I am stuck with Geico since we have a horrible record (read fraud by others) and am paying out the A*S due to a lack of service. I have tried getting quotes from others but when I tell them the truth, they come back later with a different quote.

All I can say is SCREW ALL OF YOU WHO WORK FOR INSURANCE COMPANIES, HOW CAN YOU SLEEP AT NIGHT????????

 

[Pronto]

So how does one findout if they are lumped in one catagory or another? I have never had a credit check to my knowlege.

 

[Rogue Leader]

Originally posted by 1badTTA
OK, I will call BS on that one. Maybe the people who are actually exploiting the insurance companies have low credit scores, but you are basically saying that all blacks or hispanics will comit a crime.

Thats a pretty racist statement... First off its not just blacks or hispanics who have a low credit score... generally its from low rent/income areas.... but just because they are black or hispanic doesnt mean they are going to have a bad score or commit a crime. I sell plenty of policies in low rent/income areas to people who have good credit and they get much better rates than anyone else around them.

My wife and I have been through some tough times and our credit wouldn't be good enough to get an ice cream cone, but it doesn't mean we should have to pay more for insurance. In the last ten years I have been in 2 not at fault accidents ($750 for one and $3000 total when the TTA was hit in a parking lot at work) and my wife was in 2 accidents which one was someone making an illegal turn driving on a suspended license and the other was 4 people from Phoenix in a Honda that slammed on the brakes when she was changing lanes and looking over her shoulder. The driver and one of hte passengers swapped and lied to the cops and they all went to the hospital but Geico payed out over $23,000 for that POS. The other lady who made an illegal turn on a suspended license had Farmers and they fought it and somehow since Geice didn't want to pay for a descent lawyer it ended up being 60% my wifes fault after the police only cited the other woman. Now I am stuck with Geico since we have a horrible record (read fraud by others) and am paying out the A*S due to a lack of service. I have tried getting quotes from others but when I tell them the truth, they come back later with a different quote.

All I can say is SCREW ALL OF YOU WHO WORK FOR INSURANCE COMPANIES, HOW CAN YOU SLEEP AT NIGHT????????

First off I cant speak for how your claim has been handled..... Only 5 years of driving history counts anyway. The rearend accident unfortunately even though it was fraud the way the law is written youre screwed anyway. If you rearend its your fault unless you have massive proof of wrongdoing or fraud (Ive seen it happen but its rare)... the LAW says its your fault, dont blame us. As for the other one I would need more info on the accident to make a determination. Note I'm not saying GEICO was right in these situations, Im just telling you my take on them.

All I can say is for future reference FIGHT for yourself until its done, and if you dont like what your insurance company is doiung you have the legal right to sue for yourself, if you think you can win then you probably will.

There are plenty of sitiuations where when youre right your not because you have no proof. My Firebird got totaled last year by some asshole who blew a red light. All I can show is points of impact and his word against mine. Yeah I think Im right but he thinks hes right and we have no witnesses. What can you do? The companys have to be fair between the two so I got 50%. Im pissed, but I understand why.

I Sleep like a baby at night, because I have saved plenty of people money... not everyone, like I said no insurance company is perfect, but enough that I feel good about my job.

 

[Rogue Leader]

Originally posted by Pronto
So how does one findout if they are lumped in one catagory or another? I have never had a credit check to my knowlege.

Not all companies run credit in all areas. For example GEICO only runs it in certain states. And if you already have a current policy with a company they probably wont run your credit, oinly when you first sign up...

 

[87 WE2]

Thanks for the input guys........... Proably going with Geico can't beat there quote anywhere else!