So Geico raised my insurance by $600 / year. I have insured with them for about 15 years now. Their justification for the increase was:
"the price change has to do with the symbol rating for your 2018 Tesla. The symbol is what we use for setting the price for your Comprehensive and Collision coverages. We look at things like the cost of replacing the vehicle, cost to repair, likelihood it will be in an accident, and how easily it’s damaged. This new information has been factored into your overall premium."
Has anyone else's rates increased?
I'm located in San Jose, CA fwiw and am in my 40s. No accidents or tickets.
"the price change has to do with the symbol rating for your 2018 Tesla. The symbol is what we use for setting the price for your Comprehensive and Collision coverages. We look at things like the cost of replacing the vehicle, cost to repair, likelihood it will be in an accident, and how easily it’s damaged. This new information has been factored into your overall premium."
Has anyone else's rates increased?
I'm located in San Jose, CA fwiw and am in my 40s. No accidents or tickets.