I have been with Geico for over 5 years. I just found out out that I have a lapse in coverage, eight days late. My fault! However, when trying to correct the mistake I was told that I have to have a new policy issued.
I have a clean driving record and my policy for two vehichles increased by $286, just for eight days in lapse of coverage. I was already paying over $500 every six months.
But this isn't the first time I have been shafted by Geico.
In 2000 my vehicle was stolen and recovered. Geico only paid half of the value of my loan. They said it was due to the fact of the value of the vehicle. Again, it was their price tag they put on the value. Then they subtracted $500 from that value for our deductible. It was not my fault that the vehicle was stolen, but I had to pay the deductible. Then after they recovered the vehicle they were able to sell it and make money from the sell of the vehicle. So they were not out $6700. I can not find out how much they sold the vehicle for but I would like to know. I owed $11,000 on it. I had the vehicle insured for $16,000. I am still confused how they ended up with the vehicle, because I can not remember signing the title over to them.
During this time my wife's grandfather passed away in California. She did not have a vehicle to drive. She called Geico to get a rental, but was told that we were not paying for it. When adding a new vehicle to the policy she found out that she did have the capablitites to get a rental, we were paying for it the whole time.
Another mishap when I took my family on vacation I had my back two tires slashed. I called to report it to Geico and was advised not to report it because it may make my policy go up and getting the two new tires would be less than my deductible. I have had several little things go wrong like this that I just paid for instead of reporting to Geico. So why again do we have insure?
So I will be changing my insurance carrier today. I will just pay someone else to screw me! Thanks for listening. I wish I would have heard about this site sooner. How can we stop Geico from doing this?
Roswell, New Mexico