Hi. Maybe someone can offer some insight here.
I live in CT, and have a personal auto policy with Geico for one vehicle, the minimum allowed by law. I am the only driver listed on the policy My rate has increased since I took out the policy several years back - which is to be expected. I don't question the fact that it has gone up; I question how much it's gone up. 42% in 4 years, which seems rather excessive.
Upon request, I received from Geico a 'Statement Of Account' which details all of the rates since 1/2009, every 6 mos. It doesn't specify why the rate changes - just dollar amounts billed, and paid.
I had a convo with a Geico rep about this, and tho she was nice enough, I didn't really get anywhere. It was explained to me that 1) Due to an accident, I lost my safe driver discount, and 2) Geico had requested a rate increase from CT about 1 yr ago. Ok, that explains some of it, but not all.
I filed an online complaint with CT (which wasn't really a complaint - it was only a request, but they call it a 'complaint'), where the state does an inquiry on my behalf. Geico responded with "yeah - we got it right", offering no more than the info I already have from the 'Statement Of Account', and the convo with the Geico rep. Not surprising. That's basically all the state of CT can do. They furnished me with the contact info of the person that they dealt with at Geico, but am not feeling to confident that speaking with this person will do any good.
So, again, this does not make sense to me. How is it possible that my insurance rate goes up 42% in 4 years? Even with rate increases granted by the sate, the loss of my safe driver discount, and fluctuations in the marketplace, etc..... 42%? Does that make any sense?
I will happily post more info if needed. I don't mind posting the 'Statement Of Account' (minus personal info, of course) or listing the $ amts year by year.
Thanks in advance for any help.
I live in CT, and have a personal auto policy with Geico for one vehicle, the minimum allowed by law. I am the only driver listed on the policy My rate has increased since I took out the policy several years back - which is to be expected. I don't question the fact that it has gone up; I question how much it's gone up. 42% in 4 years, which seems rather excessive.
Upon request, I received from Geico a 'Statement Of Account' which details all of the rates since 1/2009, every 6 mos. It doesn't specify why the rate changes - just dollar amounts billed, and paid.
I had a convo with a Geico rep about this, and tho she was nice enough, I didn't really get anywhere. It was explained to me that 1) Due to an accident, I lost my safe driver discount, and 2) Geico had requested a rate increase from CT about 1 yr ago. Ok, that explains some of it, but not all.
I filed an online complaint with CT (which wasn't really a complaint - it was only a request, but they call it a 'complaint'), where the state does an inquiry on my behalf. Geico responded with "yeah - we got it right", offering no more than the info I already have from the 'Statement Of Account', and the convo with the Geico rep. Not surprising. That's basically all the state of CT can do. They furnished me with the contact info of the person that they dealt with at Geico, but am not feeling to confident that speaking with this person will do any good.
So, again, this does not make sense to me. How is it possible that my insurance rate goes up 42% in 4 years? Even with rate increases granted by the sate, the loss of my safe driver discount, and fluctuations in the marketplace, etc..... 42%? Does that make any sense?
I will happily post more info if needed. I don't mind posting the 'Statement Of Account' (minus personal info, of course) or listing the $ amts year by year.
Thanks in advance for any help.