🚀 go-pugleaf

matuli_a@marlin.navsea.navy.mil (Alex Matulich 03T1) wrote:

>In article <50tb54$jhj@news2.his.com>, Rob Thomas <rob.thomas@his.com> wrote:
>>
>>I've had GEICO renter's insurance (from '79 to 84) and their auto
>>insurance from '88 to the present.  The rates can't be beat.

>Are you out of your mind?

Yes swabby, I may be out of my mind, but I'm not stupid:  here are
some facts:

As another poster to this thread mentioned, GEICO offers low-low (did
I say low??) rates to ==>>low risk<<== drivers.  I agree completely
with this statement, as well as the insuring practice.

"Low risk" means clean record, low driving mileage, car parked in a
low crime area, car and parts are not on a wanted list by thieves,
relatively inexpensive to replace and repair in case of damage....

Although some cars such as Hondas, most Camaros, Jeeps and the like
are not "performance" cars, they still have a high theft and/or 'dent'
rate that the insurance company (read customers as well) must pay.

I have a '93 t-bird and an '89 Ford F-150 pickup.  Sole driver,
spotless record.  Parked in Silver Spring out in the county.  Only a
few thousand miles a year of driving, nowhere near the average 18k
miles for the area. My 6-month rate for both cars together is $456 for
6 months.  $250 deductable for most loss catagories,  $500 deduct for
comp.  No PIP, my health insurance specifies that automobile related
injuries are covered.

In '90 I was considering purchasing a '91 Vette.  THe 6 month rate
GEICO quoted was around $1,600.  State Farm, who holds my homeowner's
policy, was a bit higher.  The insurance cost alone kept me from
buying the car.

I'll agree with some of the complaints about the promises of lowest
rates:  They should specify they have great rates for drivers and cars
that expect to have few claims.

PS: Since I skipped buying the 'Vette, glad I have only a little share
of the "risk pool" that includes cars and drivers that are $10,000
claims waiting to happen!!

-- snip --

>No thanks, GEICO.  You can't beat State Farm.

>-- 
>                                           /|
>Alex Matulich                      __.  __=#||  ___   _o--
>matuli_a@marlin.navsea.navy.mil ____##_/_____|==###===###____
>                                \____________________________\
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