Pros/Cons of Geico?

[NickCats]

bmx,

I switched to Geico in October. I was paying $180 / mo for the Boxster, Benz, and Harley with Farmers.

With Geico I now pay $80 a month for the Boxster and Benz ( and the Benz is now fully insured, it only had comp & coll with Farmers ) and $20 a month for the Harley ( which is still with Farmers ). So, $1k less a year for more coverage. I haven't had a claim yet, but so far I have been pleased with their customer service.

Hope that helps...

Nick

[bmx672]

Thanks for the feedback... I've pretty much decided to give Geico a try. I talked to a rep about the pricing etc... Everything is apples to apples... I think it's basically cheaper because there's no agent/building etc etc. like State Farm has in about every town.
My premium will go down by about $900! But, I will not get a discount on my home owners through State Farm... so I'll pay an extra $100... still a good deal for me though.

[Lil bastard]

Originally Posted by bmx672

Thanks for the feedback... I've pretty much decided to give Geico a try. I talked to a rep about the pricing etc... Everything is apples to apples... I think it's basically cheaper because there's no agent/building etc etc. like State Farm has in about every town.
My premium will go down by about $900! But, I will not get a discount on my home owners through State Farm... so I'll pay an extra $100... still a good deal for me though.

Not having a Brick & Mortar operation certainly has something to do with it.

But companies set their rates using their own proprietary tables and algorythms. These are largely drawn from their own experience with a particular demographic (State, Zip code area, Age, Sex, Marital status, Credit history, Car type, etc.). Since they cannot access the records of their competitors, they can only calculate their risk from their own.