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Aggravating_Foot_528 t1_je9tm9b wrote

switch insurance companies. you'll get a guarenteed discount.

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jpop237 t1_jea2g0r wrote

Seconded. When Geico raised my rates 50%, I switched back to progressive. I saved roughly 15% from my previous Geico policy.

Years ago, I switched from Progressive to Geico for the same reason; sadly, this is the reality we live in. So much for customer loyalty; if you're not loyal to me I won't be loyal to you.

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SuperModes t1_jebqap9 wrote

Same thing happened to me. Geico doubled my rate. No tickets, no claims, nothing. Just renewed at twice the price. I switched to Nationwide and while it’s still a little more than my original rate, it sure as hell isn’t double.

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CaezarVII t1_jea94ey wrote

Not necessarily true. Geico increased my rate 20% this month but they’re still 20% cheaper than the next cheapest quote I can find. That said, sure, it’s still worth shopping around.

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ItsMePythonicD t1_jeb4fcv wrote

Use an insurance broker. I’ve found they will find you the cheapest rate.

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fucklawyers t1_jebwip1 wrote

My agent got me a cheaper rate at my current insurance company

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NotNowDamo t1_jebeedi wrote

Only 20%?

Even with all discounts I could manage, Geico went up 50% last billing cycle.

That was after 3 straight years of 10% increases.

At the same time, my credit was getting better, and I have not had an auto accident in 20 years with no tickets for at least 5 (probably longer).

All State saved me literally 500$ over 6 months after switching. Since then I added a seconded financed vehicle, and it is still cheaper then when I was with Geico (actually paying for 2 vehicles is the same price as Geico for one BEFORE the latest price increase).

I realize that isn't true for everyone, but given that I am a safe, loyal driver, I asked customer service at Geico why the increase? The response: inflation has caused hospitals to charge more. Which to me makes no sense, I didn't change the amount they were covering me for. I was still going to get a max of 25k$ for a hospital stay, so who cares what the hospital charges?

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pimpnastie t1_jeahwh0 wrote

Triple A saved me 30percent off Geico

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CaezarVII t1_jebcnd9 wrote

Just got a quote from them and it was more than geico. It’s going to be different for everyone.

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Wide-Concert-7820 t1_jebiov7 wrote

Same here. For the record AAA does not handle younger drivers in the household well at all.

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Falcon3492 t1_jebn1ct wrote

AAA is one of the highest insurance companies who under insure you IMO. Go elsewhere!

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pimpnastie t1_jebpmsa wrote

I mean it all depends. 2 years later an accident fell off and Erie saved me a chunk too. It really all depends

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vodkaismywater t1_jea2gb6 wrote

That's not always true. My rates went up 40% this year in Philly. I shopped around and every company was basically the same price or more for the same coverage.

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Aggravating_Foot_528 t1_jea3t4n wrote

typically they all say "you can save 15%" because most of them give up to a 15% new person discount for the first year only. not sure what happened in your case.

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JennItalia269 t1_jeadkny wrote

Saved 30ish% switching from my newly jacked up Geico rate to AAA. Got a full year for $400 more than Geico wanted for 6mo.

This was a month ago.

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DannyLameJokes t1_jebqo9c wrote

I tried to switch companies a few years ago. I forget the companies. But when I called a potential new carrier they put me on hold and called my current provided then came back and said my current rate and said they would only match it. That shouldn’t be legal

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hippata2023 t1_jea6aw5 wrote

I'm always amazed that people go with big brand insurers. I shopped around, went to all the big names, and they all had significantly higher prices than smaller, lesser-known companies. I ended up going with Travelers for home and auto, who came in significantly under all the big names.

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sjudrexel t1_jeaejq4 wrote

Travelers is a Dow component, hardly a small player. It only seems that way because they don’t advertise relentlessly on TV like others do.

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kevalopez t1_jeadrvc wrote

The reason for this is that rates are different for every person. I get lower rates with the big companies compared to the small ones, sometimes the difference is 300%!.

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0_0here t1_jec09jp wrote

Travelers is literally a big name insurer.

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thenyx t1_jec269d wrote

Do you have to wait until the end of your premium to do so?

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Stackfault67 t1_jed5h7f wrote

No, you can switch at any time. Your current insurance company will refund a prorated portion of the premium you've paid. I did this last year.

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thenyx t1_jed7j5a wrote

What if I’m paying monthly for a 6-month contract?

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heili t1_jeeiuc5 wrote

You pay for what you use, so you might not get much back but your monthly payment would stop after you switch.

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