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Berkshire Hathaway Inc. Message Board

  • ibdtrader ibdtrader Sep 16, 2009 7:28 AM Flag

    Goodbye Geico.

    I feel like Geico pulled a bait and switch on me. When I first signed up with Geico They offered me a $400 annual savings on the same coverage I had with my other auto insurance provider. This year when my policy renewed I was given a huge rate increase despite no claims or tickets that could justify a rate increase. I called Geico and was told it was mainly the State I am in that resulted in the rate increase.

    So out of curiosity I called the 800# for my prior insurance company and asked for a quote for the same coverage. Low and behold the quote is $774 less per year than Geico for the same period. That's a huge chunk of change for insurance differences.

    Now I could understand if the difference wasn't that much, say a hundred dollars or so, but this is a significant difference. I feel Geico is bilking it's customers and whether or not that's the case, I feel I was the victim of a bait and switch. Geico must think people won't want to go through the hassle again of switching insurance companies. Well for $774, I took the time to change. Goodbye Geico.

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