Submitted by MRHPoe t3_yllslf in personalfinance
So, had Geico 3 years. Have not had so much as a speeding ticket or a claim in a decade, never an accident.
They raised my rate from $300 every 6 months to $540. When I spoke to them they simply said basically their claims related cost had increased in my area.
I swapped to Progressive and received more coverage than I had with Geico for $290 online and it was unbelievably easy.. in fact I did it on my iPhone in about 15 minutes.
Geico said that I had earned “accident forgiveness” and that if I caused an accident my rate would not increase.. and it was a very valuable benefit to consider before cancelling. Which is odd considering they just dramatically raised my rate for no reason at all.. what a benefit.
In any event I’d recommend shopping your insurance around every renewal period which may be common knowledge. I was considering just paying a higher price because I believed it would be painful to switch.