View Full Version : GEICO - Good or Bad?
M3Buff
11-19-2002, 04:11 PM
What's the opinion on Geico?
I currently have State Farm auto, and am considering switching to Geico. The quote that I got from Geico is almost $300 pa less than what I am currently paying State Farm.
Anyone had any good/bad experiences with Geico?
DSK M3/4
11-19-2002, 04:26 PM
iirc, i read an article a couple of years ago that said geico was buying radar guns for police departments. more/better radar guns = more tickets = higher insurance rates. geico will not see my money for that reason.
hmm, i use geico. i read that report a long time ago, but forgot about it until dsk brought it up. geico has been pretty good so far. they have a good emergency road side service that has no deductible.
JoeBimmmer
11-19-2002, 04:48 PM
I've had GEICO since 1969. Never any probs with the company. They've paid claims for two totaled cars (ex-wife did the totaling) and never raised premium because of them. I've now and then checked with other companies and no one matches the price for the same coverage.
JB:clap:
M3Buff
11-19-2002, 04:55 PM
Thanks guys. I am being swayed towards Geico.
So far...
2 positives, 0 negatives and 1 negative for personal reasons
Keep em coming.
sdram587
11-19-2002, 05:37 PM
I like Geico. I get the best rate from them.
If you are members of certain organization, Geico will give you a discount.
///Manuel
11-19-2002, 10:50 PM
I had Geico, $1k every 6 months, went with Progressive, rates drop to mid $600. I was amazed with the savings! I have clean records (never been caught :D).
Donovanj
11-20-2002, 10:26 AM
Decent rates... BAD company!
There were dozens of lawsuites against Geico for dropping and/refusing coverage for radar detector owners!
And yes, they are one of the biggest suppliers of radar and laser guns to police depts. They then raise your rates if you get a ticket.
M3Buff
11-20-2002, 10:52 AM
Originally posted by Donovanj
There were dozens of lawsuites against Geico for dropping and/refusing coverage for radar detector owners!
How would they know whether you own a radar detector or not? It's not information that you have to divulge.
themadhatter
11-20-2002, 11:10 AM
there are ways to see if you have a detector, some of them are idiot simple.
when you fill out the application for insurance, some companies actually ask if you own a radar detector(!), along with an alarm etc.
another way is with the visual inspection of the car for insurance.
Geico owns a Lidar company, now if that isn't reason enough to not be their customer then why bother argue the point!
-Ron
M3Buff
11-20-2002, 11:20 AM
Originally posted by themadhatter
when you fill out the application for insurance, some companies actually ask if you own a radar detector(!), along with an alarm etc.
Jeeez! Why not also ask whether he/she is a reckless driver and speeds insanely, and hope that some people might confess up...:rolleyes:
xmas63
11-20-2002, 01:07 PM
It seems that most Geico customers are extremely happy, but when I was looking into new insurance companies earlier in the year, they were one of the most expensive.
I use Great American. I got a great rate, and two weeks after I opened the policy, I totalled my E36. I got paid in about a week with no hassle, and they made all the arrangements for a rental car, and they totally took care of the towing and disposal of my crashed car with zero involvement by me. They even recovered my $1K deductable from the other guy's insurance since the accident wasn't my fault! You can get a quote from them on their web site.
(No, I don't work for them or own their stock---I'm just really happy with them and like to spread the word.)
themadhatter
11-20-2002, 01:12 PM
every state is different - Geico won't even sell insurance in Jersey. It's a good thing too since they're a bunch of crooks. (my opinion of course)
Filip75
11-21-2002, 04:27 PM
Originally posted by xmas63
It seems that most Geico customers are extremely happy, but when I was looking into new insurance companies earlier in the year, they were one of the most expensive.
I use Great American. I got a great rate, and two weeks after I opened the policy, I totalled my E36. I got paid in about a week with no hassle, and they made all the arrangements for a rental car, and they totally took care of the towing and disposal of my crashed car with zero involvement by me. They even recovered my $1K deductable from the other guy's insurance since the accident wasn't my fault! You can get a quote from them on their web site.
(No, I don't work for them or own their stock---I'm just really happy with them and like to spread the word.)
May I ask, why did YOUR insurance even had to pay, since it wasn't your fault. The person, whose fault it WAS should've paid.
Am I incorrect in my assumptions? :dunno
Kos-motate139
11-21-2002, 05:55 PM
I believe the issue was sometime in the late 80s the company with the patent on Lidar was going bankrupt. Gieco subsidized the company until it could ship products and get those laser speed guns on the street.
Long and short of it is if you've ever been tagged by laser, thank Geico.
themadhatter
11-21-2002, 11:38 PM
Originally posted by Kos-motate139
I believe the issue was sometime in the late 80s the company with the patent on Lidar was going bankrupt. Gieco subsidized the company until it could ship products and get those laser speed guns on the street.
Long and short of it is if you've ever been tagged by laser, thank Geico.
thanks for the supplement. they then handed out those guns to local and state police forces and provided training with a Zero bill.
bastards....
_____
Filip - some states are different then others. some have a "no fault" insurance regulation where your insurance pays for your car regardless of who was at fault. it allows you to keep a cheaper car and pay cheaper insurance. so if you smack up the Ferrari, the Ferrari owner's insurance pays for it not you.
In jersey, you pay for standard insurance of faults that you commit. if you hit that Ferrari, your insurance pays for it and your car. then you get your assed sued by the Ferrari owner and everybody he knows.
Filip75
11-22-2002, 12:24 AM
Originally posted by themadhatter
In jersey, you pay for standard insurance of faults that you commit. if you hit that Ferrari, your insurance pays for it and your car. then you get your assed sued by the Ferrari owner and everybody he knows.
I guess I'll take NJ of my list of places to move to :eek:
xmas63
11-22-2002, 01:51 PM
Originally posted by Filip75
May I ask, why did YOUR insurance even had to pay, since it wasn't your fault. The person, whose fault it WAS should've paid.
Am I incorrect in my assumptions? :dunno
Filip,
No, you are correct; the other guy's insurance did end up paying it. When I said they "recovered my $1K deductable" I meant that they took all the actions necessary to recover the money from the other guy's insurance company---I didn't have to do anything or get involved.
All I know is one day, a $1K check came in the mail. :alright
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