GEICO denied coverage(autocrossing BRZ)

[NyC Zn6]

http://oppositelock.kinja.com/geico-...brz-1770135735

Wtf...Owner on the forum?

[Zaku]

Seems kinda messed up, but I heard of another owner that I met at an 86 Expo, Geico also denied her on a BRZ too.

[Tcoat]

@Stang70Fastback

[Cole]

@Stang70Fastback yes he is on this site.

Edit: @Tcoat beat me to it

[Braces]

I'm not a fan of insurance companies. They pick and choose who the best bets are to insure. This to maximize their profits. They're a for profit business.

As I've said in another thread. People need to SHOP their insurance needs. Every year ... my premiums magically go up for no reason. Their reasons: inflation, multiple pay outs in your area, act of nature, etc. etc. Ever notice they raise your premium for those reasons, but they never lower the premium when they've had a good year. If anything ... Insurance companies should REWARD customers who have good records.

Therefore ... I shop all my quotes. You would be surprised how much money you can save. I do this for every insurance policy I have.

[weederr33]

I don't have GEICO, but I should probably read over my Progressive policy. Not that I autocross or track my car.

[Teseo]

15 minutes save you 15% on car insurance? Bull shit

[Tcoat]

Originally Posted by Teseo

15 minutes save you 15% on car insurance? Bull shit

15 minutes saves you 100% in this case!

[Packofcrows]

Oh wow it's not a jalopnik article!

I got a notice from Progressive for taking my car to the Mazda raceway. It said that car was shown to be used for something other than what was covered under their policy and to call back. I called them and they said not to worry. I should have letter somewhere.

[KDad2]

That's unsettling. I have Geico, but I haven't autocrossed yet. I plan on reading over my policy and see if I can find that clause.


We have a performance driving class at the local police academy where they set up cones and teach you how to negotiate obstacles and such in varying conditions. They even soap the course to help you learn how to recover. This is also something I have considered.


So, if Geico would view this activity as "racing" and even think about dropping me for participating, then I might drop them first.


I would contact your local agent and explain autocross is a safe event that makes you a better, safer driver.

[MrFisty]

Says it's not racing, calls it racing on facebook....

That aside, the policy terms citation is strange. I'm gonna call my pops about this one (he's an agent).

Do they take your Vin down in autox?

[extrashaky]

I'm not at all shocked by the refusal to renew. Insurance companies make decisions based on risk. Racing raises the risk, even autocross. When the expected value in claims due to the risky behavior or condition exceeds a certain percentage of the premium, they're not going to renew.

Consider this: The insurance company would much rather keep you as a customer. That's how they make money. If they drop all their customers, they have no income. So if they drop a customer, they usually have a pretty good reason for doing so.

I'm a little puzzled why people are saying this is not racing. You may not be out there side by side trading paint, but you're still competing on time, which means you'll push the car and your own driving abilities harder. The way that insurance policy defines racing, autocross definitely falls within their definition. And autocross definitely carries an increased risk over normal driving:

[ame="https://www.youtube.com/watch?v=BB-KBaevPqM&t=0m35s"]Corvette Crashes During An AutoCross Event - YouTube[/ame]
[ame]http://www.youtube.com/watch?v=aSc_j9xnKBg&t=0m25s[/ame]
[ame="https://www.youtube.com/watch?v=IHTGAjmBli4"]Corvette Crashes at Autocross and HITS a SPECTATOR. - YouTube[/ame]

[Tcoat]

Originally Posted by extrashaky

I'm a little puzzled why people are saying this is not racing. You may not be out there side by side trading paint, but you're still competing on time, which means you'll push the car and your own driving abilities harder. The way that insurance policy defines racing, autocross definitely falls within their definition. And autocross definitely carries an increased risk over normal driving:

Toyota/Subaru call autoX racing when they deny warranty claims. It falls under the "timed event" section of the warranty fine print.


Having said that I would think the insurance policy statements of no coverage for such events is plenty and cancelling the whole thing is a bit extreme.

[strat61caster]

Oh well, haven't heard anything good about Geico and they've always been the most expensive insurance quote when I asked by a good $50/month.

There's better insurance companies, Geico won't miss the customers as they fatten their profit margins short term and their customers will find better services.