Insurance premium got increased!! (GEICO)

drfluid · 03-13-2006, 12:37 PM

I just needed to print out my ID card from insurance website and noticed that my premium has been increased about 10%!!

So I emailed the customer service and got a reply back
quote:
-----------
The increase in your premium is due to the symbol rating for your 2006 BMW being revised. The symbol rating helps to determine the cost of your Comprehensive and Collision coverages. The symbol reflects the cost of repairs, availability of parts, susceptibility to damage, and other factors that need to be reflected in the premium for the coverages that pay to repair your particular vehicle.
-----------

Is this true and what all of you have experienced?
Since they didn't even send an email or anything. Your insurance premium might have been increased without telling you!

triton. · 03-13-2006, 01:10 PM

I have geico too and got the same thing when my premium was renewed in Feb. I called them and they said the exact same thing your email response said.

My Premium went from $1027.20 USD Per 6 Months. to $1215.00 USD Per 6 Months. About 18% increase I was kinda bummed by that. Below is the coverage I have, is your about the same?

BODILY INJURY LIABILITY $100,000/$200,000
RENTAL REIMBURSEMENT $750
PROPERTY DAMAGE LIABILITY $100,000
PERSONAL INJURY PROTECTION-INSURED & HOUSEHOLD $500 DED.
UNINSURED MOTORIST BODILY INJURY $100,000/$200,000
UNINSURED MOTORIST PROPERTY DAMAGE $10,000
COMPREHENSIVE N/A $250 DED.
COLLISION N/A $500 DED.

LEDZEP · 03-13-2006, 01:12 PM

I just recently renewed mine (February) and it went down. But I have State Farm. I heard that the gekko who does their commercials just negotiated a pretty hefty salary increase. That is probably the true reason.

LEDZEP · 03-13-2006, 01:14 PM

Damn Triton, must be your age or something... or if you live right in Wilmington. I pay less than $800 per year and only have $100 deductable.

vladinecko · 03-13-2006, 01:18 PM

i have geico and heard nothing so far. i gotta call them and see, i hate when they just charge you without giving you any reasons for it.

also, i filed a claim with them about a month ago and still haven't heard back from them. geico sucks ass!

KL2DC · 03-13-2006, 01:35 PM

Triton: Wow that's steep!!!

I pay about $525 for 6 months incl:

BODILY INJURY LIABILITY $300,000/$300,000
RENTAL REIMBURSEMENT $1,500 NON-DED
PROPERTY DAMAGE LIABILITY $100,000
UNINSURED MOTORIST BODILY INJURY $300,000/$300,000
UNINSURED MOTORIST PROPERTY DAMAGE $100,000
COMPREHENSIVE N/A $250 DED.
COLLISION N/A $500 DED.

I'm 30, my wife's 28 (marginal record) in zip 22302 (NoVa)

I jsut got this new policy last week. No indication of the abovementioned.

vladinecko · 03-13-2006, 01:40 PM

what in the world??? how the hell did you get such a low premium??? i pay more for my E36, and that's without collision and comprehensive!!!

triton. · 03-13-2006, 01:40 PM

Yeah I'm not too happy about my amount. It's because I'm considered Wilmington City, which is the higest in Delaware, and because delaware doesn't have a high density population which means premiums are higher since there aren't enough motorist to compensate for the accidents.

Then again it could all be for their higher salaries. I'm 28 btw with 1 accident last year that was my fault but no damage laibility, only medical claim which gieco said doesn't raise my rates.

sdorn · 03-13-2006, 01:42 PM

Quote:

Originally Posted by KL2DC

Triton: Wow that's steep!!!

I pay about $525 for 6 months incl:

BODILY INJURY LIABILITY $300,000/$300,000
RENTAL REIMBURSEMENT $1,500 NON-DED
PROPERTY DAMAGE LIABILITY $100,000
UNINSURED MOTORIST BODILY INJURY $300,000/$300,000
UNINSURED MOTORIST PROPERTY DAMAGE $100,000
COMPREHENSIVE N/A $250 DED.
COLLISION N/A $500 DED.

I'm 30, my wife's 28 (marginal record) in zip 22302 (NoVa)

I jsut got this new policy last week. No indication of the abovementioned.

Married old people get cheap insurance.

Here is my coverage in area code 30188 (Woodstock, GA). Premium is every six months.

Muttley · 03-13-2006, 01:47 PM

Quote:

Originally Posted by sdorn

Married old people get cheap insurance.

28 is old?

sdorn · 03-13-2006, 01:50 PM

Quote:

Originally Posted by Muttley

28 is old?

It was supposed to be a joke. I am 28 also.

You do get a break on insurance rates once you turn 25, though.

KL2DC · 03-13-2006, 02:44 PM

married old people...you talking to me?

Seriously, when I punched in the figures on Geico, I was quite surprised ... I pay more for my 99 civic (allstate)

go figure....

triton. · 03-13-2006, 02:57 PM

I'm so jealous. I've be extremely happy with $1600 a year. Heck I'd be happy to be less than 2K a year.

mmeads · 03-13-2006, 02:59 PM

Quote:

Originally Posted by LEDZEP

I just recently renewed mine (February) and it went down. But I have State Farm. I heard that the gekko who does their commercials just negotiated a pretty hefty salary increase. That is probably the true reason.

BMW F22 · 03-13-2006, 03:02 PM

I like that accent. Is that Australian or British? THere was this one chick in my class that had a sexiest British accent. She's middle eastern looking but man her accent was sexy. LOL I could listen to her voice all day.

ben1364 · 03-13-2006, 03:35 PM

Insurance premiums have been discussed more than once. I recommend a search. In a nutshell, premiums are based on actuarial calculations which take into account a variety of factors.

Having said that, I am not a fan of Geico though the lizzard is cute. <g> Geico is the sour pus company in the U S with respect to automobile performance. This year both State Farm and Allstate are participating in motor racing as sponsors. Geico reputedly sits outside the gates of race courses and write down license plate numbers. <BBG>

triton. · 03-13-2006, 03:48 PM

Quote:

Originally Posted by ben1364

Insurance premiums have been discussed more than once. I recommend a search. In a nutshell, premiums are based on actuarial calculations which take into account a variety of factors.

Having said that, I am not a fan of Geico though the lizzard is cute. <g> Geico is the sour pus company in the U S with respect to automobile performance. This year both State Farm and Allstate are participating in motor racing as sponsors. Geico reputedly sits outside the gates of race courses and write down license plate numbers. <BBG>

I have no loyatyes to any insurance company as there all scams. But Geico is actaully the cheapest for me. SF wanted about $1800 for 6 months.

eimSD · 03-13-2006, 04:18 PM

Our premium on my car went from something like 585 down to 425 (for 6 months, comparable coverage to those shown above; don't have the policy in front of me) when we told the agent I'd just gotten my CPA license. This is with Farmers. If you have some kind of professional designation, it might be worth mentioning to the agent. (I'm also in my 40s, have multiple car, car/house discounts, etc... )

LEDZEP · 03-13-2006, 06:07 PM

Quote:

Originally Posted by BMWE90

I like that accent. Is that Australian or British? THere was this one chick in my class that had a sexiest British accent. She's middle eastern looking but man her accent was sexy. LOL I could listen to her voice all day.

It sounds southern English to me, but could be Aussie. I know what you mean about a Brittish accent!

dme330i · 03-13-2006, 07:38 PM

Mine increased too over my e46 vert.

Here's my 6-month renewal premium (30 year old - 1 ticket) in Woodstock/Canton, GA. $368 of it is our 2004 Honda Oddysey. The remainder is my 330i or $375 every 6 months full coverage with high liability limites - 300,000/500,000. I'm with Progressive.

Shane, we need to catch up sometime.

03-13-2006, 12:37 PM	#1
drfluid Second Lieutenant 23 Rep 244 Posts Drives: 2006 - 330i Navi, Premium Join Date: May 2005 Location: Walnut Creek, CA iTrader: (0)	Insurance premium got increased!! (GEICO) I just needed to print out my ID card from insurance website and noticed that my premium has been increased about 10%!! So I emailed the customer service and got a reply back quote: ----------- The increase in your premium is due to the symbol rating for your 2006 BMW being revised. The symbol rating helps to determine the cost of your Comprehensive and Collision coverages. The symbol reflects the cost of repairs, availability of parts, susceptibility to damage, and other factors that need to be reflected in the premium for the coverages that pay to repair your particular vehicle. ----------- Is this true and what all of you have experienced? Since they didn't even send an email or anything. Your insurance premium might have been increased without telling you! __________________ 330i-NAV-Premium
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03-13-2006, 01:10 PM	#2
triton. Captain 65 Rep 805 Posts Drives: 2009 Honda Fit Join Date: Sep 2005 Location: Wilmington, DE iTrader: (7) Garage List 2009 FIT [2.00]	I have geico too and got the same thing when my premium was renewed in Feb. I called them and they said the exact same thing your email response said. My Premium went from $1027.20 USD Per 6 Months. to $1215.00 USD Per 6 Months. About 18% increase I was kinda bummed by that. Below is the coverage I have, is your about the same? BODILY INJURY LIABILITY $100,000/$200,000 RENTAL REIMBURSEMENT $750 PROPERTY DAMAGE LIABILITY $100,000 PERSONAL INJURY PROTECTION-INSURED & HOUSEHOLD $500 DED. UNINSURED MOTORIST BODILY INJURY $100,000/$200,000 UNINSURED MOTORIST PROPERTY DAMAGE $10,000 COMPREHENSIVE N/A $250 DED. COLLISION N/A $500 DED. __________________ 2009 GE8 Fit SPORT AT Navi - Blue Sensation Pearl My E90 OEM Front/Side Bumpers for Sale -Here
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03-13-2006, 01:12 PM	#3
LEDZEP Lieutenant General 419 Rep 12,276 Posts Drives: 2009 E70 & 2011 F25 Join Date: Jun 2005 Location: Area 51 iTrader: (0) Garage List 2011 X3 35i M Sport [7.62] 2009 X5 M Sport [0.00] 2007 328xi E90 [0.00] 2006 325xiT E91 [0.00]	I just recently renewed mine (February) and it went down. But I have State Farm. I heard that the gekko who does their commercials just negotiated a pretty hefty salary increase. That is probably the true reason. __________________ I think it is bad luck to be superstitious
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03-13-2006, 01:14 PM	#4
LEDZEP Lieutenant General 419 Rep 12,276 Posts Drives: 2009 E70 & 2011 F25 Join Date: Jun 2005 Location: Area 51 iTrader: (0) Garage List 2011 X3 35i M Sport [7.62] 2009 X5 M Sport [0.00] 2007 328xi E90 [0.00] 2006 325xiT E91 [0.00]	Damn Triton, must be your age or something... or if you live right in Wilmington. I pay less than $800 per year and only have $100 deductable. __________________ I think it is bad luck to be superstitious
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03-13-2006, 01:18 PM	#5
vladinecko Brigadier General 285 Rep 3,924 Posts Drives: '11 E92 M3 Join Date: Jun 2005 Location: Bay Area, CA iTrader: (1) Garage List 2011 BMW M3 [9.00] 2008 BMW 335i [0.00] 2006 BMW 330i [0.00] 1994 BMW 325i [0.00]	i have geico and heard nothing so far. i gotta call them and see, i hate when they just charge you without giving you any reasons for it. also, i filed a claim with them about a month ago and still haven't heard back from them. geico sucks ass! __________________ 2011 E92 M3 - IB/Beige/Sycamore Wood/6MT/EDC/ZPP2/Nav/PDC/Heated Seats/iPod-USB/Enh. Audio 2008 E92 335i - Montego Blue/Black/Gray Poplar/6MT/ZPP/ZSP/Nav/PDC/Heated Seats/HDRadio/iPod-USB - *Sold* 2006 E90 330i - Mystic Blue/Black/Aluminum/6MT/ZPP/iDrive/PDC/Heated Seats/Sat. Prep - *Sold* 1994 E36 325i - Boston Green/Beige/Automatic/ZPP/Heated Seats/Premium Sound - *Sold*
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03-13-2006, 01:35 PM	#6
KL2DC Moderator 319 Rep 17,767 Posts Drives: F36 428i,E90 328i, E85 Z4 3.0i Join Date: Jan 2006 Location: DC Metro iTrader: (23) Garage List 2015 F36 428i [0.00] 2011 E90 328i [0.00] 2006 E85 Z4 3.0i [0.00]	Triton: Wow that's steep!!! I pay about $525 for 6 months incl: BODILY INJURY LIABILITY $300,000/$300,000 RENTAL REIMBURSEMENT $1,500 NON-DED PROPERTY DAMAGE LIABILITY $100,000 UNINSURED MOTORIST BODILY INJURY $300,000/$300,000 UNINSURED MOTORIST PROPERTY DAMAGE $100,000 COMPREHENSIVE N/A $250 DED. COLLISION N/A $500 DED. I'm 30, my wife's 28 (marginal record) in zip 22302 (NoVa) I jsut got this new policy last week. No indication of the abovementioned. __________________ Official DC Metro Registry - Current, New & Prospective Area Members Roll Call!
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03-13-2006, 01:40 PM	#7
vladinecko Brigadier General 285 Rep 3,924 Posts Drives: '11 E92 M3 Join Date: Jun 2005 Location: Bay Area, CA iTrader: (1) Garage List 2011 BMW M3 [9.00] 2008 BMW 335i [0.00] 2006 BMW 330i [0.00] 1994 BMW 325i [0.00]	what in the world??? how the hell did you get such a low premium??? i pay more for my E36, and that's without collision and comprehensive!!! __________________ 2011 E92 M3 - IB/Beige/Sycamore Wood/6MT/EDC/ZPP2/Nav/PDC/Heated Seats/iPod-USB/Enh. Audio 2008 E92 335i - Montego Blue/Black/Gray Poplar/6MT/ZPP/ZSP/Nav/PDC/Heated Seats/HDRadio/iPod-USB - *Sold* 2006 E90 330i - Mystic Blue/Black/Aluminum/6MT/ZPP/iDrive/PDC/Heated Seats/Sat. Prep - *Sold* 1994 E36 325i - Boston Green/Beige/Automatic/ZPP/Heated Seats/Premium Sound - *Sold*
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03-13-2006, 02:44 PM	#12
KL2DC Moderator 319 Rep 17,767 Posts Drives: F36 428i,E90 328i, E85 Z4 3.0i Join Date: Jan 2006 Location: DC Metro iTrader: (23) Garage List 2015 F36 428i [0.00] 2011 E90 328i [0.00] 2006 E85 Z4 3.0i [0.00]	married old people...you talking to me? Seriously, when I punched in the figures on Geico, I was quite surprised ... I pay more for my 99 civic (allstate) go figure.... __________________ Official DC Metro Registry - Current, New & Prospective Area Members Roll Call!
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03-13-2006, 02:57 PM	#13
triton. Captain 65 Rep 805 Posts Drives: 2009 Honda Fit Join Date: Sep 2005 Location: Wilmington, DE iTrader: (7) Garage List 2009 FIT [2.00]	I'm so jealous. I've be extremely happy with $1600 a year. Heck I'd be happy to be less than 2K a year. __________________ 2009 GE8 Fit SPORT AT Navi - Blue Sensation Pearl My E90 OEM Front/Side Bumpers for Sale -Here
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03-13-2006, 03:02 PM	#15
BMW F22 Major General 3588 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	I like that accent. Is that Australian or British? THere was this one chick in my class that had a sexiest British accent. She's middle eastern looking but man her accent was sexy. LOL I could listen to her voice all day.
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03-13-2006, 03:35 PM	#16
ben1364 Captain 14 Rep 940 Posts Drives: E90 330iA Join Date: Aug 2005 Location: Georgetown, TX iTrader: (0)	Insurance premiums have been discussed more than once. I recommend a search. In a nutshell, premiums are based on actuarial calculations which take into account a variety of factors. Having said that, I am not a fan of Geico though the lizzard is cute. <g> Geico is the sour pus company in the U S with respect to automobile performance. This year both State Farm and Allstate are participating in motor racing as sponsors. Geico reputedly sits outside the gates of race courses and write down license plate numbers. <BBG>
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03-13-2006, 04:18 PM	#18
eimSD Enlisted Member 7 Rep 39 Posts Drives: Arctic 325i Join Date: May 2005 Location: San Diego, CA iTrader: (0)	Our premium on my car went from something like 585 down to 425 (for 6 months, comparable coverage to those shown above; don't have the policy in front of me) when we told the agent I'd just gotten my CPA license. This is with Farmers. If you have some kind of professional designation, it might be worth mentioning to the agent. (I'm also in my 40s, have multiple car, car/house discounts, etc... )
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03-13-2006, 07:38 PM	#20
dme330i Captain 117 Rep 643 Posts Drives: Huracan, GT3, 66 GTO Join Date: Jun 2005 Location: Charlotte Area iTrader: (1)	Mine increased too over my e46 vert. Here's my 6-month renewal premium (30 year old - 1 ticket) in Woodstock/Canton, GA. $368 of it is our 2004 Honda Oddysey. The remainder is my 330i or $375 every 6 months full coverage with high liability limites - 300,000/500,000. I'm with Progressive. Shane, we need to catch up sometime. Attached Images
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