3800 Insurace company is dropping me

[sgtp]

Well, I had an insurance claim last october. I was avoiding a semi that merged in front of me and scuffed the side wall at 60 mph instead of hitting him and probably being dead (truck never stopped, ofcourse) Not hitting him makes it a one car accident and I am responsible for it. Whatever. I renewed with Geico for another 6 months (with a tiny increase of like 80 bucks) and now I get the letter saying Im being dropped. Im pissed. I had a great rate with them with excelent coverage. Apparently they ran the numbers and came to the conclusion that Im "too much of a liability" to cover anymore.

Thinking back, I did come out real well in the deal, because adding up the premiums I paid for 2 years on the car and the claim I made, I took them for around 3500

So, what should I expect when shopping for a new company? How far back to they look at your record for making claims? Whats a good company to look into for a single 26 yr old guy parking on the street in chicago?

Click to read more...

 

[mybluegtp]

where in chicago do you live at? I can have you talk to my insurance guy. He is real cool and knows what i do too.

 

[sgtp]

I live on the edge of bucktown and wickerpark.... if you can help, that would be great.

I just did an online quote with progressive and they want more for JUST the Bodily Injury and Property Damage protion than what I paid for ALL of my great coverage with Geico....ouch

 

[xttc2000]

ive always found geicos rates to be extremely high.
ive called them for dozens of cars ive sold and they were always 50-250% higher than the competition.

Originally posted by sgtp@May 1 2005, 10:00 PM
I live on the edge of bucktown and wickerpark....  if you can help, that would be great.

I just did an online quote with progressive and they want more for JUST the Bodily Injury and Property Damage protion than what I paid for ALL of my great coverage with Geico....ouch

[snapback]81924[/snapback]​

 

[horist]

be sure to get insurance before the geico drop occurs... if you wait until it occurs then could be more costly...

Surprising they dropped you for 1 accident... though I've never had a claim w/Geico *knock on wood* so not sure if they'd do the same for me... I was happy they'd even insure me for a decent rate (2k/year, dropping to about 1500 when I trun 25 this month) ... I was getting rates of over 5k/year for my GTP and TA from some companies

 

[mybluegtp]

Talk to Albert Garcia my State Farm Agent 773-737-0238 tell him Alfredo Carmona sent ya. Hope he can help you out, I told him i would try to bring him some club members and he said bring them on in.

 

[Kustomkid54]

Don't feel bad. Had a lady run a red light. Hit me, totaled the car. Insurance company canceled my insurance. Now I pay $4200.00 for two cars. That's the only report I ever made.

 

[Royalgtp]

I pay 900 a year from Liberty mutual on a special Notre Dame grad discout family deal........brother went to ND.....


I also called them up out of curiousity for a 2000-2002 TA ws6 as a 2nd car and said it would be another 600-950 year.

My deductibles are a 1k though...........but that would not be bad having insurance for 2 cars like that for under 2k a year being 22 years old.

 

[sgtp]

Liberty Mutual wants $2,639.00 for a 12month premium if I want the same coverage as before....

...left a msg with albert at state farm.....

 

[Mike K]

Yowza.... I was just complaining to State Farm about my rates because I thought they were too high. I've got three claims totalling about $5000.00 over the last three years and pay $800 per 6 months for the F150 and the GP full coverage $100.00 deductable. I presume the only reason they haven't dropped me is because of my driving record.

 

[staceyyearsich]

J/O's mom works at a insurance company too...

 

[mybluegtp]

I just got my new statement from state farm and i'm paying $559.07 for 6months and thats full coverage. But then again i got some good discounts too.

 

[imported_JennY]

I work at a lawfirm and I handle a LOT of traffic accidents. 75% of them are with GEICO. They are a P.O.S. insurance company. Good thing they dropped you!

 

[sr71_rgl]

Geico blows...I got a quote from them and it was only a little bit cheaper than what I get from SF. The Geico coverage was something like 10/20/10 and I have 100/300/100 from SF for maybe $100 more every 6mos. Price is not everything when it comes to insurance.

 

[sgtp]

this is what I paid after they raised my premium slightly after the claim:


BODILY INJURY LIABILITY------------------$100,000/$200,000 N/A $137.10
PROPERTY DAMAGE LIABILITY--------------------------$50,000 N/A $154.80
MEDICAL PAYMENTS---------------------------------------$5,000 N/A $20.60
UNINSURED MOTORIST BODILY INJURY----$50,000/$100,000 N/A $13.90
UNDERINSURED MOTORIST------------------$50,000/$100,000 N/A $4.60
COMPREHENSIVE----------------------------------------------$500 DED. $41.70
COLLISION N/A----------------------------------------------$500 DED. $199.30

Vehicle Total: $572.00

its going to be hard to come close to this

 

[sgtp]

called up geico for the hell of it.....they said yes Im being dropped but can sign on with a sister company of theirs for 1100/6 months. I told them I'll think about it.

...Called a local state farm office (never got hold of albert, though) and was quoted 692/6 months if I also got renters insurance through them. I want renters insurance; my last apt. was robbed and I lost 3 grand worth of stuff w/o renters insurance to recover it. Im still shopping, but it looks like I found a good rate with them. My renteres insurance would only be 80/6 months so its stupid not to get it.

 

[frosty23_45]

You should try to look up an American Family Insurance office by you. I get a good rate w/them, but I have some discounts that help.

 

[sgtp]

:lolsign: Where the f do these companies get their method of determining rates?!?!?!?

A 6 month premuim at american fam ins would be $2514.60 for identical coverage I had quoted by www.esurance.com $606 every 6 months!

It look like I might be going with esurance.com.

 

[Dreamcat78]

i have had state farm for ever and I even save 15% for safe driving..what about your family can you get on a family plan with them..who do they use? good luck

 

[frosty23_45]

wow that's horrible w/ am. fam. Sorry man.

 

[sgtp]

at any rate, thanks for the sugestion. I wouldnt be able to think of all the major companies without everyone's input.

Its all because that one recent claim that all these companies quote such high rates. It might also be I moved from the burbs to the city as well. But explain me the logic why someone who made a claim is now labeled as high risk. Who knows, i might not hav to make a claim for another 10 yrs, but for the time being they want to charge a ridiculous amount. I'll never understand that......

 

[sgtp]

Update:

with a week before my Geico policy ends, I found another company i havent gotten a quote from yet and came up with a winner. www.21st.com 21st Century Insurance. Heres what I just signed up for. I think I made out like a bandit with this quote

General Coverage
Coverage Limit Buick

Bodily Injury Liability $100,000/300,000 $140.00
Property Damage Liability $100,000 $80.00
Uninsured Motorist Bodily Injury $100,000/300,000 $29.00
Underinsured Motorist Bodily Injury $100,000/300,000 $29.00
Medical Payments $5,000 $12.00


Vehicle Coverage - 2000 Buick REGAL
Coverage Limits(Deductible) Premium

Comprehensive $500 $34.00
Collision $500 $166.00
Uninsured Motorist Property Damage Coverage Declined $0.00
Rental Reimbursement $25-per day/30-day Max $18.00
Towing and Labor $50 Included

All total, is $509 every 6 months for great coverage. I was so close to going with www.esurance.com till I found reviews saying they jack your rate after you renew, plus their quote was 200 dollars more and for less coverage. I'll have to wait and see what happens when I renew, but even if it goes up 200 clams, I wont mind with this coverage....