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Geico 27% increase after one year. :(

Discussion in 'Model S' started by Tanquen, May 26, 2017.

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  1. Tanquen

    Tanquen Member

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    I have like 900 miles on the S70D and never had a ticket. After they check all that the guy comes back with its not just you. Really? All their CA customers’ rates are going up 27%?

    I think I was getting a good rate at $516 for six months, not including the $5 a month charge for you know paying your bill.

    I may stay with them as I left Allstate because they wanted $1200 for six months and I can’t get USAA.
     
  2. EV Revolution

    EV Revolution Member

    Joined:
    Mar 21, 2017
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    Location:
    San Francisco
    I had a very stable rate with 21st for the past 15 years and
    I just got a 40% increase, because of California medical increase cost?

    21st Century Car Insurance - 40 % Premium increase in California
     
  3. kg7jo-

    kg7jo- Member

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    Dec 9, 2016
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    Location:
    Salt Lake City
    My geico's 6 months rate went up from $890 to $1500 for two person with two cars. Just the comprehensive coverage($500 deductible) for my tesla 75D went up to $760. I think they probably realized how expensive it is to repair a tesla. I switched to progressive that they tripled my coverage, and the total cost for 6 months is about $710.
     
  4. Tanquen

    Tanquen Member

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    I too was just looking at Progressive. With all the same amounts of coverage it's about $100 less for six months.
     
  5. tpham07

    tpham07 Active Member

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    $516 for six months lol, i pay $1200 and i've never had any accidents and these are $1000 deductibles too.
     
  6. Nick B

    Nick B Member

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    Sep 15, 2016
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    Location:
    Montreal
    624$ a year here in Québec. No accidents but I'm only 32 (driving since 17). Maybe like us certain companies offer rebates for green vehicles? Also, in Québec at least, they ask how much mileage you do per year and I told them 30k per year (which is the reality) so technically my premium should be higher than someone using the car less. Deductibles are 1000$.


    EDIT: Also Insurance is mandatory here so that could help explain the lower premiums because people simply do not sue in the event of an accident.
     
  7. Plan B

    Plan B Active Member

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    Geico and Progressive upped their rates years ago.

    I switched to Nationwide.
     
  8. idleuser

    idleuser Member

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    Sep 14, 2016
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    central california
    Same here. My rates went up 15 % while my cousin ma with her M4 went up 30%. We both have Geico.
     
  9. croman

    croman Active Member

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    Chicago, IL
    Progressive upped my rate from 500 every 6 months to 570. I'm in IL.
     
  10. azred

    azred Active Member

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    I think there have been reports of skyrocketing rates due to frequent totaling of Teslas with what would be modest ICE damage -- presumably due to the complexity of accidents involving battery intrusion.
     
  11. adwang

    adwang Member

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    Eagle, idaho
    I have Safeco, better rate the others in my location.
     
  12. demundus

    demundus Active Member

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    Oceanside, CA
    I pay 916 every six months, got a decrease actually this year, i think im at 800 every 6 months now.
     
  13. DA808EV

    DA808EV Member

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    Apr 28, 2014
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    SoCal
    I'm paying around $840 with Geico on a P85. They were actually the cheapest vs other carriers when it comes to Tesla rates.
    One of the main things I like about Geico is their customer service.
     
  14. bswn1

    bswn1 Member

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    same here
     
  15. dbldwn02

    dbldwn02 Member

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    Colorado Springs
    Sorry for dragging up an old thread but I didn't think starting a new one was warranted.

    Just wanted to say I dropped Geico after 11 years. They just increased my rate by $450 for 6-months. They've been slowing increasing about $50 every renewal but this is just insane! I didn't have any claims or tickets. They just said medical costs went up so everyone is feeling the hurt. I don't think everyone's insurance went up $450, otherwise, they wouldn't have any customers left to gouge.

    I just gave them the middle finger and went to USAA where I got more coverage for the same price I was paying before. They even have a cool coverage that gives you 20% more if your car is totalled. It was $15/month I think.

    Anyone else renew with Geico lately?
     
    • Like x 1
  16. charansr

    charansr Member

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    Feb 26, 2017
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    Location:
    Pleasant Hill, Ca
    My Geico went up ~ 30% this renewal period. I ended up switch to Ameriprise via Costco, not back to my original rate but now pay 200 less for 6 months (700 Vs 900) in comparison to Geico. 2 cars/2 drivers, no tickets or accidents..100/300/100 K and 1000 deductibles..
     
  17. Hornedfrog1

    Hornedfrog1 Member

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    United States
    Progressive was on ya $5 difference between my e350 to my 16 70D with progressive. No increase since then. In Oregon.
     
  18. JesseIan

    JesseIan Member

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    Nov 16, 2016
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    Location:
    Seattle, WA
    This thread made me deep dive my insurance options again since Geico has steadily been increasing - Progressive is much cheaper for me - so that you all for this!
     
    • Like x 1
  19. Brian-MS90D

    Brian-MS90D Member

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    May 31, 2017
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    Location:
    Cincinnati, OH
    This happens with all insurance companies, even more so with a rare vehicle such as a Tesla. They hope most consumers are too lazy to switch and they hope you are too lazy AND rich to switch.

    Switch every 1 to 3 years to ensure the best rates. I just switched to Progressive a few months ago.
     
  20. rsg123

    rsg123 Member

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    Jan 1, 2018
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    Location:
    Sacramento
    Geico for my 2014 85 is $570/6 months, with a $500 deductible with $100k property damage and $300k bodily injury (after that the umbrella policy kicks in). I received quotes from Tesla’s preferred insurer (Progressive?) and they were more than double that cost.
     

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