Reply to Increase In Geico rates?

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Reply to "Increase In Geico rates?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I posted this in the similar thread in the money and finance forum, but Virginia approved Geico for a 26% hike in premiums, so if you haven't seen a big increase on your latest renewal, you will next time.

https://www.spglobal.com/marketintelligence/en/new...te-auto-rates-in-june-71378591[/quote]

Oh no!  We added two teen drivers so probably didn’t notice the big increase and assumed it was due to the new drivers.  I guess I need to shop around before the next renewal.[/quote]

We added a teen and then immediately checked different rates.  Nationwide was about $750 less per 6 months ($1,500 per year) than what we would pay with Geico.  I signed up to switch in a couple weeks.  Between then and my effective date with Nationwide, I got my 6 month renewal and it went up another $500 per 6 months, just a couple weeks later from adding my teen.  So I saved $2,500 per year from what Geico was going to charge me.  Plus homeowners was about $500 per year cheaper.

You don't have to wait until your next renewal.  If you have new teen drivers and haven't shopped around, do it ASAP.[/quote]

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