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Geico Car Insurance 8% discount for owning berkshire hathaway stocks YMMY

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If you have an existing insurance with Geico or planning an insurance with GEICO, this will help you. Also you need to have a brokerage account to buy the shares into. If you already have both Geico and also own some shares of BRK.B / BRK.A call Geico and ask for "Berkshire Affiliation Discount". If you have other affiliation discounts, then this doesn't apply.

1. Buy One or more shares of BRK.B into your brokerage account. This is the stock you need to buy to get discount
https://www.google.com/finance?q=NYSE%3ABRK.B
2. Call GEICO customer care 1-800-861-8380 and inform them that you are a share holder of Berkshire Hataway and you want to add affiliation discount program to your account.

They do not check if you really own the shares. Also they won't ask how many shares you own. So buying just one or two will be ok. Also once you are in the discount program you can sell the shares.

For the people who are wondering why GEICO give you discount for owning a stock of Berkshire,

Berkshire is a Holding company headed by Warren Buffet and owns mejority of Geico Insurance Company.

http://boards.fool.com/geico-10-s...t=username

http://forums.anandtech.com/showt...?t=2306551

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Community Wiki

Last Edited by sedakill January 22, 2015 at 02:01 PM
List discount percent for your state:

Florida: 0%
New York: 1%
Connecticut : 8%
New Jersey : 8%
Illinois : 10%
Pennsylvania: 8%
Oregon: 9%
Arizona: 8%
Virginia : 8%
Colorado: 8%
More discount possibilities:

Accounting Organizations


Institute of Internal Auditors
Institute of Management Accountants
Investors Alliance, Inc.
National Society of Accountants
National Directory of Registered Tax Return Preparers and Professionals Ltd
Virginia Society of Certified Public Accountants




Attorney Organizations


Alabama State Bar
Alameda County Bar Association
American Immigration Lawyers Association
Colorado Bar Association
Delta Theta Phi Law Fraternity
District of Columbia Bar
Florida Bar
Hawaii State Bar Association
Illinois State Bar Association
Kansas Bar Association
Kentucky Bar Association
Louisiana State Bar Association
National Association of Assistant U.S. Attorneys
National Association of Criminal Defense Lawyers
Phi Delta Phi, International Legal Fraternity
San Diego County Bar Association
South Carolina Bar Association
State Bar of Arizona
State Bar of Georgia
State Bar of New Mexico
State Bar of Texas
Tennessee Bar Association




Engineering Organizations


American Society of Civil Engineers
Association of Energy Engineers
International Society of Automation
National Society of Black Engineers
National Society of Professional Engineers
Society of Manufacturing Engineers
Society of Motion Picture and Television Engineers
Society of Women Engineers
Theta Tau Professional Engineering Fraternity




Financial Organizations


Investors Alliance
National Association of Credit Management




Medical Organizations


American Academy of Audiology
American Academy of Pediatrics
American Association of Registered Nurses
American Association for Respiratory Care
American Association of Women Dentists
American College of Clinical Pharmacy
American College of Radiology
American Dental Hygienists' Association
American Heart Association
American Medical Student Association
American Occupational Therapy Association
American Osteopathic Association
American Pharmacists Association
American Physical Therapy Association
American Public Health Association
American Society for Clinical Pathology
American Speech-Language-Hearing Association
Association for Play Therapy
Association of Women's Health, Obstetric and Neonatal Nurses
Kappa Psi Pharmaceutical Fraternity
Medeon
Medical Society of the District of Columbia
National Board for Certification of Orthopaedic Technologists
National Register of Health Service Providers in Psychology
Pennsylvania Academy of Family Physicians and Foundation
Student Osteopathic Medical Association




Professional Development Organizations


Alabama Retired State Employees' Association
American Alliance of Museums
American Business Women's Association
American Association of Diabetes Educators
American Association of Family and Consumer Sciences
American Horticultural Therapy Association
American Library Association
American Society of Appraisers
American Society for Clinical Laboratory Science
American Society for Training and Development
Application Developers Alliance
Association for Education and Rehabilitation of the Blind and Visually Impaired
Association of American Geographers
Association of Schools of Public Health
Business and Professional Women's Foundation
California Association for the Education of Young Children
Executive Women's Golf Association
Florida Association of Museums
Freelancers Union
Future Business Leaders of America/Phi Beta Lambda
Georgia Retired Educators Association
Golden Key International Honour Society
Hispanic Alliance for Career Enhancement
International Association of Administrative Professionals
International Association of Chiefs of Police
International Association of Workplace Professionals (IAWP)
International Furnishings and Design Association
Licensed Professional Counselors Association
Kansas City Regional Association of Realtors
Kentucky Association of Realtors
Kentucky Counseling Association
MBA Corps, Inc.
mediabistro
Miami Association of Realtors
National Association for Female Executives
National Association of Credit Management
National Association of Professional Women
National Child Care Association
National Contract Management Association
National Management Association
National Notary Association
National Peace Corps Association
National Sheriffs' Association
New York County Lawyers' Association
Organization of American Historians
Public Relations Society of America
Registry of Interpreters for the Deaf
Sales & Marketing Executives International
San Diego Association of REALTORS®
Society of American Foresters
Society of Professional Journalists
Society for Human Resource Management
The Endocrine Society




Scientific Organizations


American Association for the Advancement of Science
American Physical Society
American Society for Cell Biology
American Society for Microbiology
Sigma Xi, The Scientific Research Society




Technical Organizations


Association of Information Technology Professionals
The Computing Technology Industry Association (CompTIA)
Independent Telephone Pioneers Association
Women In Technology International

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Joined Oct 2008
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> bubble2 357 Posts
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tpaxadpom
04-25-2014 at 05:04 PM.
04-25-2014 at 05:04 PM.
called in and was declined because I already have Sponsored Marketing discount. Which is 5% in OR state. According to the second post Berkhire shareholders can get 9%. So I asked the sales clerk if that would be applicable and he said the percentage is the same and I am already getting all possible discounts. So whoever wrote second post needs to update that. It is 5% for OR not 9%.
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Joined Jul 2006
L10: Grand Master
> bubble2 7,811 Posts
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bigbearballs
04-25-2014 at 05:15 PM.
04-25-2014 at 05:15 PM.
denied, want me to send it proof.
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> bubble2 598 Posts
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Original Poster
foster_sharma
04-25-2014 at 06:35 PM.
04-25-2014 at 06:35 PM.
Quote from bigbearballs :
denied, want me to send it proof.
Buy 1 Share of BRK.B and send in the proof.
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Joined May 2011
L3: Novice
> bubble2 135 Posts
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seolfor
05-08-2014 at 06:29 PM.
05-08-2014 at 06:29 PM.
Quote from KaatuPaadi :
Why Why ????nod

Asked proof. Then sent to them Then they said there is no discount available now. Very tricky! Going to switch to another insurance company this year.
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Joined Dec 2008
L2: Beginner
> bubble2 60 Posts
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tannedgecko
05-27-2014 at 06:48 PM.
05-27-2014 at 06:48 PM.
After review of your policy history, we were able to locate the document that you sent showing that you are a Berkshire Hathaway shareholder and are happy to review the policy for you today. We apologize for the delay.

Based on the document that you submitted, we have updated the policy to show that you are a shareholder. However, at this time, we do not offer a discount for being a shareholder in the state of Massachusetts. For this reason, the discount would not apply. We have not removed the membership in the National Geographic Society, so your policy is still receiving the Sponsored Marketing discount.

If the policy does become eligible for an additional discount in the future because you are a shareholder, the policy will automatically be updated for you since we have the information on file.
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Joined Nov 2012
L2: Beginner
> bubble2 75 Posts
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reverberator
07-08-2014 at 06:30 AM.
07-08-2014 at 06:30 AM.
I called and asked about this and they didn't seem to know what I was talking about. So they added me to "Berkshire Hathaway Group" which apparently gets me a discount for being a Berkshire... employee.

This is evidently worth $5.
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Joined Jun 2005
L6: Expert
> bubble2 1,614 Posts
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lakeforestdude
07-08-2014 at 08:28 AM.
07-08-2014 at 08:28 AM.
Stock noob. Can anyone list steps to buy one stock of BRKB. Thanks.
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Joined Dec 2004
L8: Grand Teacher
> bubble2 3,982 Posts
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googcs
08-09-2014 at 07:12 PM.
08-09-2014 at 07:12 PM.
I was told that I am getting the lowest possible rate hence cannot apply any discounts. Is this correct? Anyone from Illinois gotten it?
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L5: Journeyman
> bubble2 712 Posts
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blazin
08-09-2014 at 07:28 PM.
08-09-2014 at 07:28 PM.
I gotta say, Geico is some affordable auto insurance. Well, at least for older drivers that have clean records.

My mothers auto insurance was sky rocketing, so i was tasked to find her a cheaper rate. I always avoided Geico, even for my own personal insurance cause I felt their commercials were gimmicky. Well, after getting quotes from 6 different insurance carriers, I tried Geico, and they were $800 freaking cheaper than the lowest quote.

Damn, was I pissed I never took Geico up from the beginning. My mother has had them for two years now, so far so good. Her liablity coverage is the same from her previous insurer, plus for like an extra $10 she gets roadside service included with the policy.

Check them out if you haven't, though you might get pissed if the savings is significant, since that's money you over paid for years. I figure my mother overpaid $8K in the past ten years by not going with Geico. That could have paid for half of a freaking new car. Free market capitalism kinda sucks in this way if you don't catch on to a good deal.
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Last edited by blazin August 9, 2014 at 07:35 PM.
Joined Jun 2008
L5: Journeyman
> bubble2 712 Posts
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blazin
08-09-2014 at 07:44 PM.
08-09-2014 at 07:44 PM.
Quote from blueiedgod :
For what it is worth, Warren Buffet runs a tight ship. I certainly would not want to work for any of his companies. I know people who work for both Geico and The Buffalo News, both Berkshire Hathaway companies.

They are only allowed to print final copy, double sided. If they find single sided prints, or drafts/non-final version, people get in trouble.

You can not make a personal phone call using work phone, or even take a cell phone call while on the clock.

You can not use work computer to do personal stuff, even on your break.

They are constantly monitored by managers as to what they are doing, and if they need to be more efficient.

It really is like GULAG.
lol. Gulag. Ya, lets compare a responsible employer providing job stability to forced manual labor with a life expectancy of two years.

You poor, poor proletariats that have to endure the pains of those capitalist pigs denying you time to browse the interwebs when you should be working.
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Joined Oct 2007
L10: Grand Master
> bubble2 9,115 Posts
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blueiedgod
08-10-2014 at 07:47 AM.
08-10-2014 at 07:47 AM.
Quote from blazin :
lol. Gulag. Ya, lets compare a responsible employer providing job stability to forced manual labor with a life expectancy of two years.

You poor, poor proletariats that have to endure the pains of those capitalist pigs denying you time to browse the interwebs when you should be working.

Google provides well paying jobs and sustainable without breathing over its employees shoulders every step of the way.
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Joined Sep 2007
L8: Grand Teacher
> bubble2 3,946 Posts
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Interface
08-10-2014 at 07:52 AM.
08-10-2014 at 07:52 AM.
Why even buy the stock fi they don't check? Just tell Geico and get the discount.
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Joined Jun 2007
L1: Learner
> bubble2 11 Posts
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mloyu
08-13-2014 at 10:48 AM.
08-13-2014 at 10:48 AM.
Phoned GEICO today. They require proof of ownership. Fax proof to GEICO 855-810-0642.
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> bubble2 14 Posts
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bond4u
08-13-2014 at 01:35 PM.
08-13-2014 at 01:35 PM.
Quote from googcs :
I was told that I am getting the lowest possible rate hence cannot apply any discounts. Is this correct? Anyone from Illinois gotten it?
Login into geico account and check discount section. This section will show what discount you have got and what you can get.
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L5: Journeyman
> bubble2 922 Posts
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quizzer
12-07-2014 at 02:44 AM.
12-07-2014 at 02:44 AM.
Quote from GaGaGeGe :
These are the discounts am getting currently:

Professional Group
GEICO Safe Driver Discount
Multi-Car Discount
California Good Driver
California Good Driver
California Persistency
New Car Discount
Anti-Theft Device
I'm in california and planning to change my auto insurance to Geico.

Can i get both freelancersunion AND berkshare stock owner discount or is it one OR the other?

I dont want to buy the stock if its the latter.

Is the Bank of America - 3% discount still there?
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