It is time again to discuss auto insurance. Tell us who you are with, are you getting a good rate, or a GREAT rate? Or at least do you think you are getting a good rate? A lot of us track junkies are noticing a move toward no coverage for any event, even a driver's school, if it is held on a race track. I know USAA has removed any coverage on a track, as has Safeco, what about your insurance company?
Auto Insurance
- Thread starter Big Daddy
- Start date
I have Gieco. I have a good deal. Less than $800 a year, but the car is not in my name, that's primarily why.
I do not have full coverage for myself. If someone hits me, I have to deal with the other guys insurance company, Geico will not fix my car and that haggle with the insurance company; I got to do it on my own.
But I'm covered up to $500,000 for liability and my deductible is $500.
I'm not too impressed with Geico. They advertise that the first accident you have, if you've had insurance with them for 10 plus years, will not affect your rates. I was in an accident, I reported to Geico. They told me, "sorry, we cannot help you any further, you do not have comprehensive; thank you for reporting the accident and good luck with the other insurance company." My dad then, a year or two later had an accident. The rates go up. My dad calls the insurance company saying, "what about this provision in the K that says first accident is 'forgiven' if had insurance for +10yrs?" There response, "you reported an accident in May 2004." My dad responds, "But you guys didn't pay a dime, nor did you help with the collection process; you left the entire matter for us to resolve." The insurance rep replies, "But you reported the accident to us. We recorded it; that counts."
You can imagine the frustration. In the end a "manager" was consulted and they relented and reduced; but as far as customer service, eh... I'm not terribly pleased. But, you get what you pay for. Stupid commercials and bad service.
I do not have full coverage for myself. If someone hits me, I have to deal with the other guys insurance company, Geico will not fix my car and that haggle with the insurance company; I got to do it on my own.
But I'm covered up to $500,000 for liability and my deductible is $500.
I'm not too impressed with Geico. They advertise that the first accident you have, if you've had insurance with them for 10 plus years, will not affect your rates. I was in an accident, I reported to Geico. They told me, "sorry, we cannot help you any further, you do not have comprehensive; thank you for reporting the accident and good luck with the other insurance company." My dad then, a year or two later had an accident. The rates go up. My dad calls the insurance company saying, "what about this provision in the K that says first accident is 'forgiven' if had insurance for +10yrs?" There response, "you reported an accident in May 2004." My dad responds, "But you guys didn't pay a dime, nor did you help with the collection process; you left the entire matter for us to resolve." The insurance rep replies, "But you reported the accident to us. We recorded it; that counts."
You can imagine the frustration. In the end a "manager" was consulted and they relented and reduced; but as far as customer service, eh... I'm not terribly pleased. But, you get what you pay for. Stupid commercials and bad service.
You know the scam I've notcied auto insurance companies are basing their rates on credit, IMO a joke. So if someone files bankruptcy they will pay exceedingly high rates or have a harder time finding affordable coverage. My suggestion to everyone is when shopping for auto insurance find out how they are basing the rates.