Might have to try this, GEICO raised me 17%. Not sure if they were trying to be sneaky; premium in their app shows the old premium but the withdrawal they did in recent days and future billings reflect the increase.
Make sure they didn’t crank annual mileage up on you on renewal…they did on ours and when I reset it back to the low mileage we actually drive our premium dropped like a rock.
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Thanks, will check on that.
if your in NY try NYCM pretty solid rates
My annual PSA to pick an insurance company that doesn’t do business in California, Florida, or NY as long as you don’t live in one of those states.
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It’s amazing that NY used to be considered expensive. I have a 23 X3M and 25 M8 and pay about $3,100 per year. NY actually seems cheap now.
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A year ago, I switched to NJM from All State. Even with adding my 17 year old to the policy it was a good deal. My homeowner’s insurance went up. Flood insurance went up.
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Did you try Geico? I read about people in NJ getting rates lower than NJM at Geico
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Yes. I live in CT. NJM got me the best price. I shopped.
Did you call them and ask them to review and match?
It hasn’t been that way for a very long time for a lot of people…
Mine with GEICO went from $2017/6mo premium for 3 vehicles in NYS to $2376/6mo, like a ~18% increase lol.
I might take the suggestion and check with NYCM as well as making sure they didn’t reset the mileage.
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Yeah my insurance with Geico keeps going up every 6 months like crazy, it’s not okay.
They didn’t reset the mileage during underwriting, but I might just ride out this policy and shop next year for now.
I just checked the Geico auto-quote and it is more expensive to insure a 2025 Camry than a new Nissan Armada Platinum $70K full-size SUV.
6 Months quote Florida
Camry was around $1100
Armada $816
Escalade Premium Luxury Platinum $1100
Injury claims will statistically be much lower in those monster vehicles in comparison to a Camry.
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I thought of this having lunch today with a guy that recently worked at Uber. He said that something like 8-9% of all Uber/Uber eats vehicles are Toyota Camrys, which is a huge number of you think about how many types of vehicles there are. And of course the vast majority of drivers don’t maintain commercial insurance like they are required to so for the most part the accidents they have get billed to their private insurance. Not sure if Uber drivers are worse drivers per mile driven but they are definitely more risky to insure just because they drive so many more miles than the average driver.
There are so many things that go into insurance rates but I’d guess that insurance companies are factoring in the disproportionate use of Camry as uninsured gig work vehicles. This fits into the trend of auto insurance companies profiling vehicles rather than drivers to avoid discrimination issues.
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When I. Called to cancel they transferred me to a retention team who offered to lower rates but I had already secured progressive before canceling geico
What do you mean commercial insurance? It was my understanding and I may be mistaken that while your active on the app, you are covered for liability from Uber / Lyft, etc…and if you choose you can get an endorsement from your carrier for Comp / Collision for a commensurate premium.
It’s very complicated when Uber’s insurance kicks in depending on exactly what you are doing at the time of accident. It’s not clear to me exactly when each insurance becomes primary. This law firms website says the drivers insurance is always primary. Others say it depends on when the accident occurs to determine which insurance pays first.
Edit: I have a better answer. Uber only fixes your car if your private insurance has comprehensive and collision included and then you have a $2,500 deductible. So if you get an accident ride sharing and report it to Uber, and they talk to your insurance company, your insurance company is going to deny your claim since you were doing commercial activity (unless you have bought commercial insurance which most don’t do).
Most people have a lower deductible on their private auto insurance claim - with $1k being the max most people can have if they have an auto loan/lease. So if they report accident to Uber it’s $2,500 out of pocket to fix. If to their regular insurance company, only $1k.
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