Increased insurance rates? (GEICO) - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Freude am Fahren · 05-30-2016, 09:07 PM

Has anybody else had their rates increase recently? Mine went up considerably recently, despite the fact that I just turned 30. I called GEICO, and they said the car had been reclassified or something. So my personal rate actually went down because of turning 30, but the car went up so much, I now pay almost $200 more every 6 months.

Anyone else with or without GEICO see the same. I'm going to shop around when I'm up for renewal this fall.

spicyricecake · 05-30-2016, 09:23 PM

Mine went up significantly, so I switched to USAA. I'm paying 10 bucks more per month, but Im getting way better coverage. I'm 24 Male

Tcoat · 05-30-2016, 09:34 PM

Quote:

Originally Posted by Freude am Fahren

Has anybody else had their rates increase recently? Mine went up considerably recently, despite the fact that I just turned 30. I called GEICO, and they said the car had been reclassified or something. So my personal rate actually went down because of turning 30, but the car went up so much, I now pay almost $200 more every 6 months.

Anyone else with or without GEICO see the same. I'm going to shop around when I'm up for renewal this fall.

GEICO has been raising rates across the board for quite a while now. There are probably 10 threads on it. Saying the car was "reclassified" is bullshit since they are doing it to everybody not just Twins. They did it this time last year as well.

Last year - http://www.insurancejournal.com/news.../04/366720.htm

This year - http://www.ibamag.com/news/buffett-t...ses-28822.aspx

The killer quote from the article is this (also shows it is not that your car was "reclassified"):
"The company’s underwriting profit dropped from 2014’s $1.16 billion to $460 million in 2015."

iamsatan · 05-30-2016, 09:57 PM

yeah mine also went up, around $30 more per month, I'm turning 31 this year too, no tickets or accidents either.

mdm · 05-30-2016, 10:24 PM

Quote:

Originally Posted by Tcoat

GEICO has been raising rates across the board for quite a while now. There are probably 10 threads on it. Saying the car was "reclassified" is bullshit since they are doing it to everybody not just Twins. They did it this time last year as well.

My rates haven't changed for at least last two years, or maybe by a buck or two a month. Nothing significant. They have changed a bit just now but only because I adjusted coverage.

Tcoat · 05-30-2016, 10:41 PM

Quote:

Originally Posted by mdm

My rates haven't changed for at least last two years, or maybe by a buck or two a month. Nothing significant. They have changed a bit just now but only because I adjusted coverage.

There are dozens of write ups on the subject so not sure how you have escaped.

ZionsWrath · 05-31-2016, 12:39 AM

Mines in for a comprehensive repair right now. I bet I'm gonna get loved tenderly next renewal.

ajcarson11 · 05-31-2016, 12:56 AM

Just checked... My annual went up $~215 dollars. Talked to Insurance agent (Father) about it. Insurance companies brought in only half the revenue in 2015 in comparison to 2014. Because of this rates went up for all vehicles for specific insurance companies -- Has nothing to do with the individual cars.

Freude am Fahren · 05-31-2016, 01:18 AM

That's guys. I thought I would have heard something if it was the car specifically.

Impureclient · 05-31-2016, 01:35 AM

I just switched to Progressive from whatever one I had before(some cheap company or so I thought) and my rate was cut to less than half of what I was paying before for 3 vehicles.
$1200 every 6 months to $550. It's a good idea to shop your insurance rates frequently.

g e · 05-31-2016, 02:45 PM

Quote:

Originally Posted by Impureclient

I just switched to Progressive from whatever one I had before(some cheap company or so I thought) and my rate was cut to less than half of what I was paying before for 3 vehicles.
$1200 every 6 months to $550. It's a good idea to shop your insurance rates frequently.

Shop insurance rates every 2-3 years. You may be in for a surprise.

Loyalty doesn't pay and for some lines, like house insurance, the providers have access to your claims history which influences your rate.

jasonojordan · 05-31-2016, 03:15 PM

Alot of this can point to a lazy agent to. I used to bounce around alot then I got with state farm and with my agent every time I have shopped around (once a year for the last 3 years) they have been the lowest by a wide margin.

Jfheisenberg · 05-31-2016, 07:37 PM

I got the same bullshit from Geico today after i saw my new renewal policy for the next 6 months. So instead of paying 160$ per month, i'll be paying 162$ per month. As per Geico, they say that the car is lister as 'performance' (LOL) and if something happens to the car, it cost more to repair.

Freude am Fahren · 05-31-2016, 08:15 PM

Only $2 a month more? That's not bad.

05-30-2016, 09:07 PM	#1
Freude am Fahren Senior Member Join Date: Jan 2013 Drives: '13 DGM BRZ Limited/'14 Yamaha R6 Location: SoFlo Posts: 333 Thanks: 46 Thanked 96 Times in 64 Posts Mentioned: 2 Post(s) Tagged: 2 Thread(s)	Increased insurance rates? (GEICO) Has anybody else had their rates increase recently? Mine went up considerably recently, despite the fact that I just turned 30. I called GEICO, and they said the car had been reclassified or something. So my personal rate actually went down because of turning 30, but the car went up so much, I now pay almost $200 more every 6 months. Anyone else with or without GEICO see the same. I'm going to shop around when I'm up for renewal this fall. __________________ -XXR 527 18x8.75 +35 -Nameless 2.5" OP/FP Combo (Coming soon) & Axleback -SBD 500X (Waiting on coating to install) -Southbend SBD500X Clutch

05-31-2016, 12:39 AM	#7
ZionsWrath Thanks Join Date: Apr 2013 Drives: BRZ Location: NY Posts: 4,163 Thanks: 5,989 Thanked 3,100 Times in 1,498 Posts Mentioned: 38 Post(s) Tagged: 3 Thread(s)	Mines in for a comprehensive repair right now. I bet I'm gonna get loved tenderly next renewal. __________________

05-31-2016, 01:18 AM	#9
Freude am Fahren Senior Member Join Date: Jan 2013 Drives: '13 DGM BRZ Limited/'14 Yamaha R6 Location: SoFlo Posts: 333 Thanks: 46 Thanked 96 Times in 64 Posts Mentioned: 2 Post(s) Tagged: 2 Thread(s)	That's guys. I thought I would have heard something if it was the car specifically. __________________ -XXR 527 18x8.75 +35 -Nameless 2.5" OP/FP Combo (Coming soon) & Axleback -SBD 500X (Waiting on coating to install) -Southbend SBD500X Clutch

05-31-2016, 08:15 PM	#14
Freude am Fahren Senior Member Join Date: Jan 2013 Drives: '13 DGM BRZ Limited/'14 Yamaha R6 Location: SoFlo Posts: 333 Thanks: 46 Thanked 96 Times in 64 Posts Mentioned: 2 Post(s) Tagged: 2 Thread(s)	Only $2 a month more? That's not bad. __________________ -XXR 527 18x8.75 +35 -Nameless 2.5" OP/FP Combo (Coming soon) & Axleback -SBD 500X (Waiting on coating to install) -Southbend SBD500X Clutch

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05-30-2016, 09:23 PM	#2
spicyricecake Senior Member Join Date: Oct 2014 Drives: 2017 CWP BRZ Performance Package Location: DFW Posts: 1,108 Thanks: 168 Thanked 425 Times in 228 Posts Mentioned: 6 Post(s) Tagged: 2 Thread(s)	Mine went up significantly, so I switched to USAA. I'm paying 10 bucks more per month, but Im getting way better coverage. I'm 24 Male

05-30-2016, 09:57 PM	#4
iamsatan Member Join Date: Jul 2013 Drives: 2013 Subaru BRZ Premium WR Blue Location: Lost Angeles, CA Posts: 33 Thanks: 4 Thanked 12 Times in 5 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	yeah mine also went up, around $30 more per month, I'm turning 31 this year too, no tickets or accidents either.

05-31-2016, 12:56 AM	#8
ajcarson11 Senior Member Join Date: Jun 2015 Drives: 2013 Subaru BRZ Limited (Black) Location: Indianapolis Posts: 511 Thanks: 253 Thanked 206 Times in 149 Posts Mentioned: 3 Post(s) Tagged: 0 Thread(s)	Just checked... My annual went up $~215 dollars. Talked to Insurance agent (Father) about it. Insurance companies brought in only half the revenue in 2015 in comparison to 2014. Because of this rates went up for all vehicles for specific insurance companies -- Has nothing to do with the individual cars.

05-31-2016, 01:35 AM	#10
Impureclient Banned Join Date: May 2015 Drives: 2015 FR-S Location: NPR, Florida Posts: 2,404 Thanks: 1,802 Thanked 2,903 Times in 1,282 Posts Mentioned: 25 Post(s) Tagged: 2 Thread(s)	I just switched to Progressive from whatever one I had before(some cheap company or so I thought) and my rate was cut to less than half of what I was paying before for 3 vehicles. $1200 every 6 months to $550. It's a good idea to shop your insurance rates frequently.

05-31-2016, 03:15 PM	#12
jasonojordan Senior Member Join Date: Jul 2013 Drives: 2013 satin white brz limited Location: Cottage Grove MN Posts: 1,049 Thanks: 162 Thanked 511 Times in 326 Posts Mentioned: 4 Post(s) Tagged: 0 Thread(s)	Alot of this can point to a lazy agent to. I used to bounce around alot then I got with state farm and with my agent every time I have shopped around (once a year for the last 3 years) they have been the lowest by a wide margin.

05-31-2016, 07:37 PM	#13
Jfheisenberg Senior Member Join Date: Jan 2015 Drives: 2015 BRZ Series Blue WRB Location: North Jersey Posts: 830 Thanks: 371 Thanked 204 Times in 156 Posts Mentioned: 2 Post(s) Tagged: 1 Thread(s)	I got the same bullshit from Geico today after i saw my new renewal policy for the next 6 months. So instead of paying 160$ per month, i'll be paying 162$ per month. As per Geico, they say that the car is lister as 'performance' (LOL) and if something happens to the car, it cost more to repair.

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