Question

Hi, did anyone else’s car insurance (specifically, GEICO) increase?  

Answer 1

I have Geico and mine never had increased. It's gone down. However I'm a mature  driver with a great driving record. Also, I have an older vehicle.  

Answer 2

Did your policy just renew?  

Comments

A policy can not increase mid-term without you making a change.  

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@granddaughter69351 it’s about to in May and I saw that it increased

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@sonata so there are a million things that contribute to changes. Things such as driving record like getting a ticket to an accident. Your credit is a factor. The age of the vehicles and the age of the drivers. The next few years a lot of people will see increases due to state increases as well. Basically insurance companies raise rates as a whole because the numbers are increasing in people getting into to accidents because of things like texting and driving AND vehicles are becoming more expensive to repair with more and more technology being released.  

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@granddaughter69351 yea but they raise it like $20 every time it renews and there’s no ticket or accident

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Call the carrier and they will do a policy review with you and see why it increased. Geico tends to go down the longer you’re with them so it would be my guess that there is another factor like the credit or a ticket.  

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@sonata like I said, unfortunately tickets and accidents are just one of the many factors.  

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Even the areas people live in are taken into consideration. If statistically there are more accidents where you live over a period of time, your rates can likely raise as well.  

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@granddaughter69351 And when insurance companies need to keep their reserves in balance they raise rates to slow growth. This is why shopping around is such a good idea!  

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@deplore20462 exactly! Unless you’ve been with a company for a million years and you’re grandfathered in with an old rating system (that rarely happens with auto policies) it’s always good to shop and see who’s competitive.  

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@granddaughter69351 Yes! Too bad that doesn’t happen anymore. Lol.  

Answer 3

No, mine went down in the middle of my last policy, it just renewed.  

Comments

@amphibolous617 interesting

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@sonata yeah it was odd, no notice or anything.  

Answer 4

I have geico, and no it didn’t increase.  

Comments

@vespers me too, no increase

Answer 5

I have Geico and mine tends to increase slightly every time it renews. When I started with them, it was like $138 and now it's $153.  

Answer 6

I have Geico and mine didn’t go up.  

Answer 7

I’m calling them. It always increases over time

Answer 8

Yes, mine just went up. Usually goes up a few bucks every 6months

Answer 9

I have Geico but may be switching soon because mine seems to go up at renewal despite no tickets or accidents.  

Answer 10

Depends on your state. I know MI raised most this past year especially if you had comprehensive. It screws companies because you cant do anything about it. Geico and othera are known to raise rates and have obscene deductibles

Answer 11

You always want to shop other companies annually. I’ve been with 4-5 different companies I already go to whoever has the best rate.  

Answer 12

Most insurance companies did a country wide increase this year. Geico has always been expensive for me personally. I’m an insurance broker, definitely call a broker to have them price you out.  

Comments

@treblinka4704 I second this. Find an independent broker who writes with multiple carriers. They’ll do the leg work and shop around for you. They’ll know tips and tricks to help you save. They’re basically your advocate.  

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@treblinka4704 yes, I’m going to because this is absurd. Now, correct me if I’m wrong but I don’t have to pay the broker or do I?  

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@sonata no not at all! What state are you in?  

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@granddaughter69351 literally it’s my job to find the cheapest insurance with the best rates/coverage and it doesn’t cost my clients anything. I love that I’m not ripping them off. Honestly. There are some shady agents, don’t get me wrong, but finding the right broker is the best!  

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@treblinka4704 NY

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@sonata I wish I could help, but look for a broker, with great reviews who can shop around with multiple companies.  

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I pay $357 a month for 3 cars and trailer through GEICO. 2015 F150, 2013 Mustang (spots car is most expensive), 2018 Ford Fiesta and 2020 Jayco. It seems crazy to me but idk

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@mousy thats what I pay for just 2 cars so I think that’s a good deal ‍♀️

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@sonata everything is based on an insurance score and unfortunately your credit score. It’s different for everyone.  

Answer 13

I know in Florida geico has taken a couple rate increases over the past few years. But we haven’t taken anything recently. Call them and ask for any savings opportunities

Answer 14

Mine increased and I have Geico. I called them and said well differs from state to state and where you live! I’m so pissed! and no savings opportunities!  

Answer 15

No, I just got off the phone. They said they increased all premiums in NY and the reasoning was some canned response that they give every time. I really cannot believe them. I have to go car insurance shopping now

Comments

@sonata is it more expensive in NY for 1 car full cover I was paying 350 now in NC still with Geico for 2 cars I pay 105 currently that will go up as I plan to include full cover on both cars and lower the deductible

Answer 16

Yes. Before I knew it we were paying $400/month for 2 cars full coverage. We just switched to progressive

Comments

@talkfest15 I’m at $350 for two cars and they just increased it to $386! Smh

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@sonata yeah it just kept going up. We switched to progressive and for what we wouldn't payed for 2 months($780) we paid for 6 months in full

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@talkfest15 did you go through a broker?  

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@sonata no. Just went shopping around on my own

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@talkfest15 progressive will gradually raise as well.  

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@talkfest15 keep your eye on progressive. They jacked my premium up. with no accidents and great credit.  

Answer 17

My policy just renewed in March, and it stayed the same

Answer 18

Usually GEICO goes down a few dollars every 6 mo

Answer 19

I’m with Geico & actually went down a little

Answer 20

We use Geico and haven't seen an increase. We pay 126. 72 a month for full coverage on both of our cars.  

Answer 21

I had GEICO for 6 months and it nearly doubled. Now I’ve switched to Root. It’s half the price, same coverage and my rate has not increased.  

Comments

@fervent thank you!  

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@sonata I’m paying $275 every 6 months and I have full coverage. One car, good record, safe driver.  

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@fervent I pay 56 a month for full coverage perfect driving record never any issues. I lowered it by adding a windshield deductible and it still went up $5 per month for the new year.  

Answer 22

Yup! My car rating increased to a 5 star and after being with them 11 years and an accident and ticket free record it went up over $50. They said they couldn’t give me details other than that and it’s underwriting and they weren’t willing to reach for more info. Finally after 3 calls (and them trying to get me to discount my car ins by switching my home policy to them $800 more than what I’m currently paying they tried to convince me that droppped my car ins and that’s what I was looking for) I cancelled. Best thing ever!  

Answer 23

I have geico and mine just went down

Answer 24

Mine renewed last month and lowered an extra $4. I’m in Texas. Grant it, back in 2016 our rates were astronomical because EVERY insurance company was recouping the billions they paid out in claims from all the storms we had that year. Geico even told me that it would roughly take about 3 years to lower and they weren’t wrong. Last year my rate was reduced almost $45 at the first renewal of 2019. Then a few dollars the second renewal and now the $4 for 2020’s first renewal. Of course, I also get a sizable discount for being a member of a certain credit union they are affiliated with.  

Answer 25

We had Geico for 3 years and every 6 months ours goes down. We live in Washington state.  

Answer 26

Mine went up $160 for my 6 month premium. I’m calling on Monday!  

Comments

@tele770 same! I just got off the phone with them! Please let me know what they tell you

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@sonata they told me that the increase was company wide ‍♀️ and after our conversation with no help, she says “thank you for being a loyal customer for the last 10 years” - not for long! Looking for quotes

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@tele770 oh wow, I just contact two brokers yesterday. I’m hoping I get great info. One broker told me that he was able to get his client half the price of what the original GEICO policy and he explained that insurance companies will generally increase the rates for the good drivers to offset the costs of claims ‍♀️

Answer 27

Mine went up $50 a month! Cancelled and went through Farmers! Better coverage, a little less money

Comments

Plus my new agent let's me text him whenever I have a question and he sent me a $50 Amazon giftcard lol

Answer 28

Yes, mine went up $36 a month with the new policy!  

Answer 29

Yes. Seriously went up!  

Answer 30

I have State Farm mine went down like $8

Answer 31

I called Geico. They did a company wide bump in insurance cost :( mine rose about $20

Comments

@marchioness but ppl here are saying it didn’t increase with a renewal. Instead it stayed the same or decreased. I’m going to look for a broker. Thanks!  

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@sonata no problem! My policy renewed this month and I have to drop $200.  I’m looking for new insurance too

Answer 32

Mine didn’t go up at all (Geico)

Answer 33

Mine went up about $20/month. I guess $455/month wasn’t enough for Geico  

Comments

Someone correct my if I was told wrong: I was told that when an insurance company has a significant amount of loss due to hurricanes, fires etc, they are allowed to raise EVERYONE’S rates to recoup their money. Not just people of the states affected

Answer 34

Our AAA insurance rose more than $100 in a year for 3 older vehicles. Home insurance bundled to supposedly get 20% off. They told my husband that if we want the previously low rates, we would need to agree to an app that monitors our driving speed, amount of hard breaking etc. We also went on a vacation where we drove and they said one of our vehicles didn't qualify as leisure because the miles we're too high. So that increased it.  

Answer 35

Geico increased for me by $600 for the year I need to start calling other places and comparing prices they told me my mileage went up so not sure. That’s a huge increase.  

Answer 36

There are way too many factors that impact rates. No one is going to have the same situation.  

Answer 37

YES. over $400

Answer 38

Yes they said all insurances increased as of March. We have wawanesa. however we lowered our mileage and it decrease our total by $400 (from $1400) for 6 months! Def call and lower your miles if you’re working from home.  

Answer 39

Mine did (GEICO). Switching to progessive

Answer 40

I have geico - I bought a new (to me) car in December and my policy increased about $30. It renewed last month and dropped back down again

Answer 41

Yes, just a little bit. A few dollars. Not much.  

Answer 42

Mine decreased because I took my ex husband off my policy. I pay $150 for full coverage on two cars.  

Answer 43

I just went and checked ours, it looks like we decreased by $7. 00. ‍♀️

Answer 44

I'm waiting I know my home owners did but I'm expecting everything to go up. Also mad I waited so long to get life insurance for myself.  

Answer 45

Yes! Ours just went up today - Geico - from $100 to $176  for ONE CAR. I’m pissed and looking to switch to USAA

Comments

@marieann Elisabeth Blackmon look at Root if you want. It was 1/2 the price of Geico for me.  

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USAA is fantastic also.  

Answer 46

Not mine, but does anyone know what this is happening?  

Answer 47

I have State Farm and mine has decreased.  

Answer 48

No. Mine went down.  

Answer 49

I’m in Florida, and my Geico insurance increased so I called. It turns out it was a form I needed to sign regarding my uninsured motorist coverage. The person I spoke with said the form has to be signed once a year. My rate was adjusted immediately after I signed the form. Definitely worth calling to see what’s up.  

Comments

@behah that’s funny because they didn’t say anything about that to me. They just said because of the state. They said they checked through everything and there were no more discounts available. I got quotes from progressive where it came out like $3 cheaper but with more coverage and esurance which came out $80 cheaper with a whole lot of more coverage

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@sonata Ah ok. I thought it was worth mentioning my situation just in case.  

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@behah oh no I totally appreciate it because I bring what you guys tell me to their attention and it’s always the same response, “it’s different for each state”

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Yeah, I’m sure. This issue sounded specific to Florida.  

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@sonata that is very true. It is different per each state. No 2 states are the same and they take into account the volume of accidents in each area as well. Many factors go into rating a policy.  

Answer 50

I’m through Progressive and it increased by $10.  

Answer 51

I had Geico for years but it went up drastically, so I used a Dave Ramsey ELP to find new coverage and saved $1, 000 annually!  

Answer 52

I don’t have geico, but yes mine increased. It has gone up the last two periods. My agent called me to get permission to run my credit because it hadn’t been pulled since I joined with him and my rate dropped by $100.  

Answer 53

I have Progressive and mine increased $70 a month. I called because I have no accidents and they said they have to reevaluate each year. I was able to get them down to only adding $9 a month!  

Answer 54

Yes. We're in Texas. Due to new laws regarding uninsured driver coverage our policy went up quite a bit. Shopped around and was getting similar prices.  

Answer 55

Mine decreased

Answer 56

Mines about the same. progressive

Answer 57

Yes. i switched to another insurance. it has slowly been increasing

Answer 58

I have geico and mine has not gone up. My april payment is almost due. but in fact, looks like next month it is dropping

Answer 59

Mine went up in march. I called around for lower rates but all were about the same.  

Answer 60

I had Liberty Mutual for years and every year it went up $10-16 even though I have a clean record. I called and was told it was to offset other drivers claims. I switched to AAA last March. I just renewed my policy and without me asking, I was told due to no tickets/accidents and fair mileage I will now pay $20 less a month!  

Comments

I should add I’m also saving bc of the “bundle” discount since I also have renters insurance with AAA.  

Answer 61

Mine renewed and went up

Answer 62

Mines is the same

Answer 63

Yes, slowly going up each time it’s time to renew

Answer 64

No my went down