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auto insurance rate?

797 50 November 2, 2018 at 03:50 PM
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I am paying Geico $2000 for two cars annually ($1000 for 6 months). I live on long island, close to New York City. Is this rate reasonable? I quoted at Progressive a few years ago, and its rate is higher. I am wondering if I should quote at a few other places now. Thanks!

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#2
That doesn't sound bad at all. Auto rate is extremely area dependent. My rate double if I have the same car if I move from Seattle Metro to LA, as an example.
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That rate doesn't tell us anything useful. If it is full-coverage on two brand new cars with no deductibles it is likely a great rate. If it is liability-only on two twenty-year-old beaters not so much.
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I like what she said, not what it means.
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Go to an independent insurance agent with your current policy declarations and have them run quotes for you. It is the only way to get a reasonable comparison of apples to apples with insurance. Auto insurance in the NY\NJ area is a ripoff but as was noted already, it depends on what cars, what your deductibles are, the age and driving records of the people in your household, what level of liability coverage you are carrying, what discounts you are eligible for (multiple policy, defensive driver, etc.), etc.
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To me it sounds pretty high (course as others mentioned can vary maybe you have the max plan). We have 2 cars with Geico, but our deductibles are super high (we pay around $550 every 6 months). Honestly the best thing OP is to just browser around and see who can beat that rate.

We use to be in Progressive and all of sudden I noticed that the rate went up for no reason. I gave them a call and asked whats going on and said it was a normal thing. Well it was twice and the hikes were kind of high in my book despite having a clean driving record for years. Gave them a call they didn't seem to care went getting quotes and saw Geico offering me the best deal at that time. I been with them for 3 years overall happy with them as of now.
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Quote from gpister
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To me it sounds pretty high (course as others mentioned can vary maybe you have the max plan). We have 2 cars with Geico, but our deductibles are super high (we pay around $550 every 6 months). Honestly the best thing OP is to just browser around and see who can beat that rate.

We use to be in Progressive and all of sudden I noticed that the rate went up for no reason. I gave them a call and asked whats going on and said it was a normal thing. Well it was twice and the hikes were kind of high in my book despite having a clean driving record for years. Gave them a call they didn't seem to care went getting quotes and saw Geico offering me the best deal at that time. I been with them for 3 years overall happy with them as of now.

Ripping off people with renewals is a common thing in insurance in my experience. I have a relative who is an insurance agent and he admitted such to me as well. They want your new business but for renewals they hope you are just too lazy to go get quotes and shop around.
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Thanks all for the reply! I'll shop around this time.
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Quote from YanksIn2009
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Ripping off people with renewals is a common thing in insurance in my experience. I have a relative who is an insurance agent and he admitted such to me as well. They want your new business but for renewals they hope you are just too lazy to go get quotes and shop around.
I think you hit the right spot. Insurances hope that they can sneak on you with a little nice rate raise and hope you don't do nothing about it. However I think its so easy now adays to go online and get car quote on the competition via insurances. Just by searching you can save money which can probably make them worry to keep doing business with them.
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Quote from gpister
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I think you hit the right spot. Insurances hope that they can sneak on you with a little nice rate raise and hope you don't do nothing about it. However I think its so easy now adays to go online and get car quote on the competition via insurances. Just by searching you can save money which can probably make them worry to keep doing business with them.

Yes and no. There are a few problems with the online quotes imo. First off, you have to give them detailed info on yourself like DL and accident history for them to run a meaningful quote. Not really keen on doing that online. The other major problem is that it is hard to compare apples to apples across companies. Multiple policy discounts, alarm discounts, replacement coverage levels, what is covered and what isn't etc. all beyond the usual dollar amount and deductible stuff. The online stuff can give you an idea, but the actual numbers can vary by quite a bit depending on your circumstances imo which is why an insurance agent can be helpful to do all that leg work for you and see what the best offers are. My 2 cents.
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#10
it looks like geico is cheapest
https://www.newyorkmotorinsurance...st-in-usa/
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Quote from YanksIn2009
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Yes and no. There are a few problems with the online quotes imo. First off, you have to give them detailed info on yourself like DL and accident history for them to run a meaningful quote. Not really keen on doing that online. The other major problem is that it is hard to compare apples to apples across companies. Multiple policy discounts, alarm discounts, replacement coverage levels, what is covered and what isn't etc. all beyond the usual dollar amount and deductible stuff. The online stuff can give you an idea, but the actual numbers can vary by quite a bit depending on your circumstances imo which is why an insurance agent can be helpful to do all that leg work for you and see what the best offers are. My 2 cents.
The few times I have done online quotes they usually seem pretty standard on the rate I am getting. I usually have to call and just confirm a bit more information sometimes the rate goes a bit more down. I get kind of lazy going to a place I just feel its more peer pressure from the insurance agent if you go in person.

Anyhow OP just needs to look around and see what the competition offers.
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Insurance rates depend on numerous factors such as the age and model of the vehicle you own, where you live, where you work, the length of your commute, your age, your credit history, your accident history, etc. It is best to get quotes from multiple companies to compare. Some state insurance departments regularly compare rates from the major insurers on their websites, but I couldn't find anything for New York state.

Quote from YanksIn2009
:
Yes and no. There are a few problems with the online quotes imo. First off, you have to give them detailed info on yourself like DL and accident history for them to run a meaningful quote. Not really keen on doing that online. The other major problem is that it is hard to compare apples to apples across companies. Multiple policy discounts, alarm discounts, replacement coverage levels, what is covered and what isn't etc. all beyond the usual dollar amount and deductible stuff. The online stuff can give you an idea, but the actual numbers can vary by quite a bit depending on your circumstances imo which is why an insurance agent can be helpful to do all that leg work for you and see what the best offers are. My 2 cents.
Your accident history is already available online: https://personalreports.lexisnexi...losure.jsp

So you go to an agent, and what does he/she do? Types all your personal info into a computer. How is that different from getting an online quote? No hard sale. I can confirm all my data has been entered correctly, and choose the exact coverage that I want. Plus, I can play around with the numbers to see how it impacts my rates. Not all agents will go to the trouble.
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If you are going to stay with GEICO, the buy 1 share of berkshire hathaway class-B stock.
As a share holder of the parent company you qualify for 8% off.
It runs about 200 a share but would more then pay for itself after the first year.
Not to mention if if goes up in price.
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Quote from gpister
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The few times I have done online quotes they usually seem pretty standard on the rate I am getting. I usually have to call and just confirm a bit more information sometimes the rate goes a bit more down. I get kind of lazy going to a place I just feel its more peer pressure from the insurance agent if you go in person.

Anyhow OP just needs to look around and see what the competition offers.
That's my concern too. online quote is not too time-consuming, but I am not sure if that's the lowest I can actually get. calling will just take too much time.
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Quote from DanielB1429
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If you are going to stay with GEICO, the buy 1 share of berkshire hathaway class-B stock.
As a share holder of the parent company you qualify for 8% off.
It runs about 200 a share but would more then pay for itself after the first year.
Not to mention if if goes up in price.
Are you talking about BRK.B? This is a great idea! I wish I knew long before. Thanks!
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