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

+60 Deal Score
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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

180 Comments

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Joined Oct 2011
L4: Apprentice
> bubble2 451 Posts
52 Reputation
djscotty
04-23-2014 at 10:12 AM.
04-23-2014 at 10:12 AM.
Just did it in CA and it looks like about a 5-6% discount on my policy.
Reply
Joined Jul 2010
Expert
> bubble2 4,009 Posts
877 Reputation
mitchflorida
04-23-2014 at 10:14 AM.
04-23-2014 at 10:14 AM.
Florida residents not eligible. May have to move up to Buffalo New York to get the discount.
Reply
Joined Oct 2011
L4: Apprentice
> bubble2 451 Posts
52 Reputation
djscotty
04-23-2014 at 10:14 AM.
04-23-2014 at 10:14 AM.
Quote from joeybean :
shake head

Please do tell. I have been with Geico for over 7 years now, which has lead to long-term customer discounts. I have done at least 1 car insurance quote every year, and only once found one that would beat Geico (barely) for both my wife and I.

I stayed with Geico, however, because they have best customer service I have dealt with. Aren't you sick of dealing with non-english speaking customer service reps, long-hold times, and bad information? I reward Geico with my business simply for not selling out.
I agree as well, been with GEICO over 8 years or more and nobody I have received a quote from can compare with my Geico policy. I am not a member of USAA so that is out. Let me know I will be glad to save some extra cash but then again GEICO has had great customer service. Only thing I didnt like is that they do not offer Homeowners so they signed me up with Travelers in CA
Reply
Joined May 2004
L8: Grand Teacher
> bubble2 3,405 Posts
Deal Hound
04-23-2014 at 10:15 AM.
04-23-2014 at 10:15 AM.
Quote from ozmotion :
best advice for auto insurance shopping is to get quotes from everyone, regardless of what you've heard about who's cheaper or better.

for us, progressive was the cheapest by a huge margin. geico was one of the cheaper ones, while smaller and/or highly-rated companies like amica, ameriprise, and usaa were absurdly expensive and couldn't even be considered.
This is true. Unfortunately insurance rates vary wildly depending on where you live and what company you get a quote from. I got a car insurance quote from Amica a while back and discovered I could get double the liability coverage I have with my current insurance company for a little less than what I'm paying now. I haven't gotten around to switching but probably should.
Reply
Joined Nov 2008
L2: Beginner
> bubble2 52 Posts
10 Reputation
buttowski
04-23-2014 at 10:33 AM.
04-23-2014 at 10:33 AM.
saved 8% in 5 minutes...took me longer to figure out my password than to get a response with the discount...THANKS!!!!
Reply
Joined Nov 2012
L6: Expert
> bubble2 1,888 Posts
1,959 Reputation
AdyM
04-23-2014 at 10:34 AM.
04-23-2014 at 10:34 AM.
Got about 5% discount in Illinois.
Reply
Joined Dec 2013
L3: Novice
> bubble2 197 Posts
20 Reputation
BadAssPC
04-23-2014 at 10:37 AM.
04-23-2014 at 10:37 AM.
Everyone I talk to always tells me Geico and or Progressive(the 2 major TV commercial ones) yet when you research online(in depth) get off the beaten trail read forums not commercial sites that try to funnel you to their corporate masters. There are many more insurance companies out there than 2 and to me they have always been the ultimate ripoffs. Not anywhere near the best prices. I'm not gonna give mine out but good luck. Sorry but after hearing the same 2 companies everytime I wonder if I'm talking to actual people or robots. You will find this offensive but its intended to help people(most can't be). Most geico diehards I have run into are military families. Rest are progressive users. Checking one or 2 insurance companies doesnt cut it you have to check them all. Many are very small. Takes work. All customer service these days sucks "do you want me to help you" LOL YOU are being paid to do your job I would never have the nerve to say that on the job to a customer but EVERY degenerate phone center "phone game" operative will say this to you these days. Never fails, I can pull it out of them everytime all I have to do is try to circumvent one of their "policies". USAA GEICO ex military employees are the worst.
Reply
Last edited by BadAssPC April 23, 2014 at 10:40 AM.

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Joined Nov 2011
L3: Novice
> bubble2 289 Posts
121 Reputation
Ar_skyd
04-23-2014 at 10:38 AM.
04-23-2014 at 10:38 AM.
Just called and it took less than 5 min to get affiliation discount added to my account. Got 2% in VA.
Reply
Joined Nov 2007
L8: Grand Teacher
> bubble2 3,730 Posts
2,183 Reputation
MacFrugal
04-23-2014 at 10:39 AM.
04-23-2014 at 10:39 AM.
"No offense, sir, but I find it hard to believe you're a stock holder when you're driving a 1992 Toyota Celica."
Reply
Joined Jan 2005
My life. My card.
> bubble2 9,497 Posts
3,600 Reputation
myamex
04-23-2014 at 10:41 AM.
04-23-2014 at 10:41 AM.
well, I got $6 off, better than nothing.
Reply
Joined Dec 2005
L3: Novice
> bubble2 228 Posts
24 Reputation
mohangande
04-23-2014 at 10:45 AM.
04-23-2014 at 10:45 AM.
Quote from Nick2618 :
I just sent an email and sent this..


I recently saw online if you hold stock in Berkshire Hathaway you are eligible for a discount form Geico. What information do I need to submit in order to get this applied to my account.

Thanks
Thanks
Reply
Joined Aug 2007
L5: woof
> bubble2 836 Posts
262 Reputation
predator.z6
04-23-2014 at 10:49 AM.
04-23-2014 at 10:49 AM.
I've had home/auto insurance through AAA (I think it's Western United?) and it has consistently been the cheapest. Every few years I shop around and nobody even comes close. I find myself renewing the AAA membership every year just for the cheap insurance.
Reply
Joined Dec 2008
L10: Grand Master
> bubble2 6,861 Posts
3,712 Reputation
Rockalittle
04-23-2014 at 10:52 AM.
04-23-2014 at 10:52 AM.
Quote from homers54321 :
Are there any other affiliation discounts? Perhaps freelancers union? Lol
Yes
https://www.geico.com/landingpage...logo=70422


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
Reply
Last edited by Rockalittle April 23, 2014 at 10:57 AM.
Joined Jan 2010
L5: Journeyman
> bubble2 600 Posts
154 Reputation
Moordie
04-23-2014 at 10:56 AM.
04-23-2014 at 10:56 AM.
TD because I hate GEICO. Dealing with a call center is a pain in the ass. Left them 2 months ago for Nationwide. Saved a lot more than 8%.....


BTW, all insurance companies offer discounts for affiliations. You just have to ask. My Nationwide agent singed me up to some NASCAR fan club website for free and it gave me a 4% affiliation discount.
Reply

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Joined May 2004
L8: Grand Teacher
> bubble2 3,405 Posts
Deal Hound
04-23-2014 at 10:58 AM.
04-23-2014 at 10:58 AM.
Quote from MacFrugal :
"No offense, sir, but I find it hard to believe you're a stock holder when you're driving a 1992 Toyota Celica."
They did a 50-for-1 class B stock split after the BNSF acquisition. Even your typical 1982 Yugo driver can afford a share, no problem.
Reply
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