05-11-2018, 10:19 AM | #41 |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,335
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05-11-2018, 10:19 AM | #42 | |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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Quote:
Geico's business model seems to be to give great rates to the lowest risk customers (older, clean record, etc) and overcharge everyone else to make up the difference. A single ticket can jack you up quite a bit. One warning: Geico is super shady when you're buying the insurance. They give you a quote as if it's final and ask you to pay, and only then do they run your DMV report. If anything occurs on that report they jack up the rate at the last minute and try to slip it past you as if nothing changed. You can still back out at that point so it's fine, you just have to pay attention. They will not run the DMV report until you put a credit card on file because it costs them money to run it. It's best to call to get the quote so you understand when it's truly the final number. |
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05-11-2018, 10:24 AM | #43 |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,335
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We have "accident forgiveness" with USAA for five years of "clean driving." Not sure if GEICO offers something like that. But they don't mention what speeding tickets, etc. do to premiums...
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05-11-2018, 10:41 AM | #44 | |
lawn boy
Join Date: Oct 2003
Carmudgeonly Ride: e46m3, f25x3,C5 Z06, C4 Vette, 06 CTD Ram, and a trailer
Location: Maryland
Posts: 14,029
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Quote:
Edit: We got bit by this when our (then new) x3 was creamed. The at-fault party had some discount Geico policy that didn't cover all of the damages and our policy had to cover the difference and go after her. |
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05-11-2018, 10:48 AM | #45 | |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,335
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Quote:
We have an umbrella beyond that. But you have me thinking about what happens if we are at fault in an accident that causes a chain reaction. Oy. |
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05-11-2018, 10:50 AM | #46 |
lawn boy
Join Date: Oct 2003
Carmudgeonly Ride: e46m3, f25x3,C5 Z06, C4 Vette, 06 CTD Ram, and a trailer
Location: Maryland
Posts: 14,029
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05-11-2018, 10:53 AM | #47 |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,335
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05-11-2018, 10:58 AM | #48 | |
.
Join Date: Mar 2004
Posts: 13,514
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Quote:
I just got a quote from their website which came in at $432 less per year. I do need to compare apples-to-apples later, though. I just made educated guesses at the coverage levels. |
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05-11-2018, 11:03 AM | #49 |
lawn boy
Join Date: Oct 2003
Carmudgeonly Ride: e46m3, f25x3,C5 Z06, C4 Vette, 06 CTD Ram, and a trailer
Location: Maryland
Posts: 14,029
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Right. Good point. It would probably behoove me to read the details on mine as well. Seems like that's where all the angry comments come from...people think they have coverage, but the ins.co sneaks all kinds of stuff in the fine print to nullify.
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05-11-2018, 11:05 AM | #50 |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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Has anyone ever considered earthquake and flood insurance, for those not in a risk zone?
I imagine the chance of my house being destroyed by an earthquake is zero... but WTF would I do if it were to happen? Pay the mortgage for the next 25 years on a house that doesn't exist? Isn't this what insurance is supposed to be for? To protect me from rare, crippling events? |
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