n February 28, 20013, I received a quote from Geico to insure our three vehicles (two full coverage, one liability only) for around $900 for a 6 month policy. This was about $150 less than what we would pay at renewal with Progressive. I paid the premium in full, signed the documents electronically, and received all policy documents and ID cards. On March 8, 2013, I received an e-mail that I now owe them almost $300 more.
According to online documents, they canceled my policy and reistated it at the higher rate. Through e-mail
correspondence, after many canned responses, they are claiming that a citation I had in 2010, THREE YEARS ago,
was not factored into the original rate. A $300 increase for a single three year old citation that was mysteriously not accounted for? I'm not even sure the citation is legitimate, as I don't recall it. I'll be ordering my driving record to find out for sure.
So, basically they will quote and even sell you a lower rate than what you are currently paying, wait until you have already canceled your old policy, and then raise your rate higher than what it was to begin with. I had had the policy that I left for several years and was receiving discounts based on that. If I were to go back to Progressive, I wouldn't be able to receive the same rate, because I would no longer have the loyalty discount. Oy vay!
Regardless, I'm sure I can find a lower rate than what Geico wants me to pay somewhere else, so I will be saving
hundreds of dollars by switching AWAY from Geico. It's just a humongous waste of my time to have to do so. I wonder how many other people they have done this to who haven't bothered to take the time to shop around again, and instead just swallowed the inflated rate?