Community Forums

azloafer · 07-09-2010, 09:50 AM

We have our MH, two cars and the house insured thru State Farm. I called Geico and asked for a quote. I had all the State Farm paperwork in front of me so that I could compare the rates. The first thing the women did was to start lowering the coverage on each item. I said, wait a minute! I want to know what the rate would be with identical coverage. She said, "You can't expect us to beat the State Farm rate because you have been with them for a long time!" End of call. Joe

RustyJC · 07-09-2010, 10:10 AM

Quote:

Originally Posted by azloafer

She said, "You can't expect us to beat the State Farm rate because you have been with them for a long time!" End of call. Joe

Hmmm....I had been with State Farm for 25 years but that didn't stop them from quadrupling my homeowner's rates within a 5 year period - with no claims.

My longevity meant nothing to them, so I left.

Rusty

azloafer · 07-09-2010, 03:35 PM

Quote:

Originally Posted by RustyJC

Hmmm....I had been with State Farm for 25 years but that didn't stop them from quadrupling my homeowner's rates within a 5 year period - with no claims.

My longevity meant nothing to them, so I left.

Rusty

From what I have read on other posts in this forum, a lot depends on where you live. Apparently, if there are a lot of claims in that region of the country, the rates will go up. Wife's sister pays high rates in Texas due to hail storm damage. Hail is so unusual where I live that people run out and take pictures of it. I recall seeing hail two or three times in 24 years and it melted within one hour. Joe

mrschwarz · 07-10-2010, 08:56 AM

Quote:

Originally Posted by azloafer

We have our MH, two cars and the house insured thru State Farm. I called Geico and asked for a quote. I had all the State Farm paperwork in front of me so that I could compare the rates. The first thing the women did was to start lowering the coverage on each item. I said, wait a minute! I want to know what the rate would be with identical coverage. She said, "You can't expect us to beat the State Farm rate because you have been with them for a long time!" End of call. Joe

In my experience, the longer you have the same insurance company, the higher their rates get. I shop at every renewal period. I have had progressive for my autos for several years because no one can beat their price. I don't think my motor home has been insured by the same company more than one year because they go up and others go down.

Gary RVRoamer · 07-10-2010, 09:50 AM

I agree - you should shop your insurance regularly. I don't necessarily do it every year, but at l usually sample at least one other insurer periodically. Rates go up and down for lots of reasons, several of them unrelated to your own claim history. Most people don't have claims - that's the basis for insurance to begin with - so you are paying for other people's claims and changes in coverages or reserves mandated by your state's insurance commission.

And rarely have I seen an insurance company or agent review your policy and recommend different coverages or plans that would save you money and still meet your insurance needs. They generally do so only when you demand it or threaten to take your business elsewhere.

PNWGirl · 07-10-2010, 11:15 PM

Quote:

Originally Posted by RV Roamer [Gary]

.....And rarely have I seen an insurance company or agent review your policy and recommend different coverage’s or plans that would save you money and still meet your insurance needs. They generally do so only when you demand it or threaten to take your business elsewhere.

I am lucky to be one of the rare ones then. My independent agent contacted me, a couple of months ago, and told me that they had done an eval on my policy and said that I could save $400+ in a year for moving my policies to a different insurance company. They also told me that I could do that and increase my auto coverage over my last insurance company.

I have been with this agent for over a decade and they do this every so often- although this one was the biggest savings so far.

They will continue to have my business for a very long time.

Sheila

mrblanche · 07-11-2010, 01:21 PM

Allstate didn't want our motorhome policy when we bought it. Checked with Geico, and it was very reasonable. Checked on adding the other two vehicles, and we save almost $1000 per year from Allstate.

The only complaint I've had was that they were so quick to deal with a guy that hit my wife that they ended up having to go through arbitration when they saw the photos and diagrams of the accident and decided it wasn't her fault, after all. No increase in premium because of it.

icecoldstarr · 08-03-2010, 12:08 PM

AL, is that 2 seperate insurance co. or one [ National Interatate] & you say U only pay $165.00 a year , is that Liability Ins. or road-side service,

Thanks Mary

mrblanche · 08-08-2010, 08:10 AM

Quote:

Originally Posted by RustyJC

Hmmm....I had been with State Farm for 25 years but that didn't stop them from quadrupling my homeowner's rates within a 5 year period - with no claims.

My longevity meant nothing to them, so I left.

Exactly my experience with Allstate. And the sneaky thing is they keep raising the amount of the insurance. I just looked, and they now have my $110,000 house up to $150,000.

Route 66 · 08-08-2010, 08:15 AM

Quote:

Originally Posted by mrblanche

Exactly my experience with Allstate. And the sneaky thing is they keep raising the amount of the insurance. I just looked, and they now have my $110,000 house up to $150,000.

Many companies do that.

Not so much because the value of the house has gone up, but rebuilding costs seem to always go up.

tmh462 · 08-08-2010, 09:15 AM

We recently moved to North Carolina, and have Geico insurance. We've always had the option to pay our premium in full upon renewal, but most people opt for the recurring monthly payments. That was probably just "force of habit" on the CSR's part when they enrolled you.
Now, we noticed some serious differences in coverage between our previous state (Florida) and here, for example, they are not allowed to write RV policies with contents and loss of use. They just write the policy for the RV itself. We're going to be looking at a different insurer for our RV anyway, since they only pay actual cash value for replacement. The cash value for ours is $500, hardly worth the effort to insure. Previously, the policy was for cash value, but the contents and loss of use made up for a lot of the difference.

wa8yxm · 08-08-2010, 10:11 AM

When you go with these "low cost" insurance companies it is highly recommended you break out the microscope and read the fine print.

There are a whole lot of things that can happen to an RV.. Many of them may well NOT be covered.... If you are going for PL/PD only, then the low-cost are ok, since the coverage is mandated by state law in most cases.. but if you want collision or comperhensive.. CHECK THE FINE PRINT.

I once printed out a chapter & verse (Section & sub section) of state law for an insurance adjuster.. I printed it on an A-6 printer (That means it is 1/4 the size of normal print) he complained it was too small and he could not read it.

The other person in the room said "I though Insurance Companies INVENTED small print"

(He was complaining cause my employer had not notified him we had a car impounded for nearly a year.. By law it is the duty of the POLICE to do that, or was then, that law has since been changed)

Gary RVRoamer · 08-09-2010, 08:10 AM

I just got a Geico quote and it was more than 25% ABOVE what I currently pay. Don't assume any given company always has the lowest rates - you have to shop and compare.

Redapple · 09-05-2010, 01:14 PM

We have had Geico for over 10 years now, and we have been very satisfied with the policies, and the service. We got a call several months ago, and they told us at our next policy renewal, our rate would be reduced by nearly 600 dollars annually, just because we were good customers.

Works for me.

FYI, we are not claim free, as my daughter has had two accidents in a six month period of time, first accident cost insurance co about 9000 bucks, second about 1500.

I am currently a loyal customer of Geico.

Bill