Comments on: Car Insurance – Milestone at Age 25

By: New Matt

New Matt — Thu, 27 Jan 2011 02:10:48 +0000

I too basically did not receive a discount from Geico for turning 25. My premium went down $8/6 months or $1.33/month. Plus it wasn’t even listed as a discount, so I’m not even sure if it went down because of me turning 25 or because of a re-evaluation of rates. I called and they said there was no discount for turning 25. I was definitely disappointed, but can’t really complain because Geico is still way cheaper for me than every other insurance I looked at.

By: amanda

amanda — Tue, 11 Nov 2008 19:05:09 +0000

I just turned 25 and have Geico but received no discount!!! I called and the guy said there was an increase in NY state rates, so it outweighed my age discount! I find this hard to believe and was very dissapointed. Anyone else have this problem or ever hear of that??

By: jim

jim — Mon, 19 Sep 2005 22:37:42 +0000

Justin, Here is the post on my premium decrease, it was about 13%.

By: justinsugiyama

justinsugiyama — Mon, 19 Sep 2005 20:09:24 +0000

So what was the reduction @ 25 if you stayed with Geico?

By: risk

risk — Thu, 14 Jul 2005 02:21:16 +0000

geico is not a pain when you need get paid. it’s very decent from my experience. It picks up the tag for a problem resulted from the collision but found almost half a year later. Did I say it’s an expensive problem? close to 6k

By: Matt

Matt — Sun, 10 Jul 2005 11:34:44 +0000

The only reason I can see to get that extra coverage is if you’ve financed your car. (Not only is it reasonable in that case, it’s a nonnegotiable condition of every car loan I’ve ever heard of…banks demand assurance that they’ll be repaid no matter what, and don’t especially care that it’ll cost you a heap of extra money to give it to them.) Not only does it add fairly significantly to the cost of the insurance today, but your future rates will go up significantly if you ever file a claim…even if the accident is undisputedly not your fault.

Congrats on (almost) turning 25, by the way. I remember when I was paying through the nose for car insurance at 17, thinking 25 was an infinite distance away.

By: nickel

nickel — Sun, 10 Jul 2005 05:07:08 +0000

Another things to consider is roadside coverage… This really pertains to your AAA post as well as to this one. We have roadside coverage through State Farm and it only costs something like $2/six months. They cover breakdowns, flat tires, etc. and they even have a number for you to call and they’ll dispatch a local service provider to your location. I’ve used it a few times and had no problems. You really can’t beat the price. Not sure if other insurers offer this, or what they charge.
fivecentnickel.com

By: thc

thc — Sun, 10 Jul 2005 04:44:05 +0000

If your car is a heap, then no comprehensive or collision is understandable. But if your car is decent, I would reconsider.

By: perry

perry — Sun, 10 Jul 2005 01:21:05 +0000

I have had geico since I was 16 years old. I have every discount imaginable with them as well. But I do have the deductibles. 1000 comp and 500 collision. Right now that costs me 853 for 6 months. I never thought of carrying no coverage on any of that. Every accident I have ever had was someone else hitting me so I never really paid out a deductible. Though I always got paid quickly. Also, look into the glass coverage. I think it was like 5 bucks more a month…and there is no deductible when you get your glass fixed.

By: jim

jim — Sat, 09 Jul 2005 23:16:02 +0000

Yeah it is only $600, but until I learned of the other quotes my mental thinking was $1000 so I stuck with it.

Right now both homeowner’s and auto are through Geico and any insurance I would get would be through a single provider, so I’ll have to look into it more when I’m more serious about it.

One thing I have heard is that Geico is a pain whenever you need to get paid. I haven’t had any firsthand experience but that’s what “everyone” says. It won’t change my opinion of them but it’s something to consider.

By: Anonymous

Anonymous — Sat, 09 Jul 2005 19:29:25 +0000

Actually, it only sounds like you’re being paid $600/year to self-insure (Progressive’s better coverage is ‘only’ $300 more). Then again, you’d still be out the $1,000 deductible before it would kick in. By the way, we’ve actually had great luck with State Farm. Great discounts for long-term customers, accident (i.e., claim) free, having multiple policies – including house, personal articles (i.e. jewelry), and umbrella coverage. I’ve shopped around in the past and haven’t been able to come close to beating them, and I like having a local agent. Then again, we’ve had coverage with them forever, and are well past the 25 year magic number. But now that you have a house, you might start checking out the possibility of consolidating all of your coverages to get the best deals.
fivecentnickel.com