I got GEICO!!!!!!!
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| Tue, 01-11-2005 - 10:36am |
I got GEICO last Night!!!!!!!!
My insurance for this year when I renew would have been 7900$, my minimum renewal payment would have been 2370$ (plus 5 payments of 1106$ every other month). I lost points, but they actually don't come off until April, not Feberuary like I had thought. I told them that I was not going to renew with them and I'd try getting GEICO. My insurance company, Allstate, had told me GEICO wouldn't give me a policy because I'm considered a high risk driver (used to have a small speeding problem). They said I had to stay with Allstate.
Last night I got a quote online from GEICO....$1460.50 for 6 months. I called when I got home from work to make sure they weren't joking. Well they were, it shot up to $2065.50 for a 6 month policy (4131$/year) when the went over the "details" of my driving record, which were a little worse than I had entered on the online application, because they go back 5 years instead of 3 like most companies do.
But in the end I ended up saving almost 4000$....
I had planned on sending Allstate 6500$ to renew my policy, then paying the rest off through the year. All I had to do was spend $2065.50 for the next six months. Plus I'm getting over 1000$ back from Allstate from the unused portion of my policy. I'm putting another 2100$ in a savings account so I'm ready in July when I have to renew.
The rest of the money I'm sending to my CC's. They will be all paid off by March!!!
I've never been more excited to shell out 2000$!!!!

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Hmmm...so I've heard. I do know people who have much cheaper insurance than me. If you record is clean, you're over 25, and your car isn't leased then a policy would be about $1500-3000 for a year depending on the car and the coverage (assuming you have collision ins.). If you are young, or get a speeding ticket or have an accident they can really nail you (I fit into all three catagories)....hence my problem....
GEICO just came to Jersey a few months ago....they are the first in the state to use credit scores to determine rates, which I think is ridiculous, but in my case, it works in my favor....
I feel like I won 4000$ !!!!!!!!!
Wow! I couldn't afford to shell out $6000 a year on insurance! I'm happy you are saving so much money!!
We also have Allstate. We have compared with others, but no one could beat them. We pay a monthly rate of $113 for a 2001 Durango and a 2001 Neon. We also have our home owners with them and that gives us an automatic discount.
But I do know when you are under 25 and have any "boo-boos" on your record it is higher. My 22 y.o. sil has Allstate and hers is outrageous too.
I remember being excited to turn 25 just to get that discount- isn't that crazy!
:)Nicki
Good thing you looked into it.
Good for you. Good thing you decided to shop around.
MYM
Great news!
All my best,
Danni
Yay!
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