Why did geico increase my auto insurance rate for no reason?

Why did geico increase my auto insurance rate for no reason?

My renewed 6-month policy has increased by $120 for seemingly no reason. Haven'-t had any wrecks or tickets. I called geico to inquire, and was told that all rates in Texas have increased. Have other insurance companies rates increased as well?

Entidtil

Individual insurance companies raise rates as they wish. Just because one company raised rates in Texas does not mean that other companies raised their rates. Maybe you should be calling around for a better rate?

CD2007

It seems like most insurance companies are doing an across the board increase in different states. Hard times and all, I guess.Check for lower rates at another company, you might get lucky and find a better deal.

Malena

Andrew, unfortunately most states allow insurance companies to request rate increases twice each year. And even more unfortunately, they are almost always approved as long as it's what the state insurance department considers "within reason".You can contact the Texas Dept of Insurance www.tdi.state.tx.us to see if any other companies filed for and/or were approved for a rate increase- they will know. Or else you can go to www.trustedchoice.com and enter in your zip code- they will find a license, professional insurance agent in your area who can help you. They would also know if any companies filed for a rate increase in your state. Plus, they will have access to multiple insurance companies if you want a quote- they'll do all the shopping for you.Source(s):I am a licensed insurance agent with 13 years experience

Ask

insurance

Popular Q&A

Does anyone know any cheap auto insurance company in Toronto?
There is no one insurance company that is going to be the best in every situation. You will have to shop around and see what can be done. You should contact several insurance brokers in your area and see what they can offer as they work with several insurance companies.

How much do you save on your auto and homeowner's insurance this year?
I save $760.00 this year on my auto and home oner's insurance thanks to my friend. All I did is I call 1-877-855-8111 using the PIN#: KXMC9 and Rep Last Name: DU. Within 10 minutes, I got quotes from nine difference inurance companies and I pick the best price quote which happen to be The Hartford...

Portland maine+car transport for senior citizens?
^&^&^&Elders donate their cars, get free ridesBy Christine Vestal, Stateline.org Staff WriterAs his health declined, Irving Anzmann of Portland, Maine, decided it was no longer safe to drive. But he still needed to visit a dialysis center three times a week. It was there that he learned about...

Can you acquire a 14-day plate from a private auto sale, or are they only available with a dealer purchase?
It is the Maine BMV that issues vehicle registrations and titles in the state, as well as maintaining the official vehicle ownership and registration records in Maine.Beyond establishing the legally registered owner during the sale of a vehicle, the Maine BMV also takes on the responsibility...

Is it better to buy a vehicle from a dealer or a private seller?
There is a lot to buying a good car at a good price. Dealers will charge a lot more for the same car, and will try to take advantage of you. On the private seller side, you need to assure the title is clean, documentation is place, and if they have a loan, how it gets paid off without you putting...