Geico 27% increase after one year. :(

[Tanquen]

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.

 

[EV Revolution]

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.

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

 

[kg7jo-]

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.

 

[Tanquen]

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

 

[xyeahtony]

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

 

[Nick B]

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.

 

[Super_Popular]

Geico and Progressive upped their rates years ago.

I switched to Nationwide.

 

[idleuser]

Same here. My rates went up 15 % while my cousin ma with her M4 went up 30%. We both have Geico.

 

[croman]

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

 

[azred]

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.

 

[adwang]

I have Safeco, better rate the others in my location.

 

[demundus]

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

 

[DA808EV]

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.

 

[bswn1]

same here

 

[dbldwn02]

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?

 

[charansr]

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..

 

[Hornedfrog1]

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

 

[JesseIan]

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!

 

[Brian-MS90D]

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.

 

[rsg123]

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.