Current AZ Geico Car Insurance subscribers (and potentially new) save $$$ on your insurance (YMMV)

Just wanted to share my good luck with co-FWers in getting Geico to lower my car insurance to almost half.
I (and my spouse) have perfect record for last 5 years (touch-wood) and is Geico customer for many years now.
last week, I got renewal quote for insurance from Geico for 2 cars & 2 drivers on this policy.
It has increased by 7% over last year to $535 for 6 months policy and have been for last 2-3 years.
I decided to just call Geico and inquire why the rate is going up.
The agent immediately informed me that there is new rating system for AZ (i dont know about other states) and connected me to the licensed insurance agent.
This licensed insurance agent put me on hold for 5-10mins and came back with new quote for $295 for same coverage.
That is savings of $240 for 6-months or reduction of 45% on current rate.

my friend (again in AZ) who also had the Geico car insurance was able to reduced his insurance from $505 to $289.
Call Geico and get their new rates for AZ drivers.

any other CashBack/ perks for new members??

apande said:   Didnt work for me I am AZ Geico customer with clean record

that's 2 desis with 2 different results

Do they hard pull for quotes?

This is why sometimes government regulation is a good thing. Companies jack up their rates as much as they think they can get away with. The 10% that notice and complain get their prices knocked back down to a reasonable level. The other 90% get to help make the Warren Buffets of the world a little richer.

GotADeal said:   apande said:   Called again .. talked to a diff agent and got reduced by 47%. Thanks OP Best FW savings ever

Also in AZ?Yes. And a clean record.

Worked for me! $300 savings! Thank you!!!

Odd for that large of a drop. I wonder what prompted the changes in AZ ?

ppbhatia said:   
That is savings of $240 for 6-months or reduction of 45% on current rate.

What happened to "15 Minutes call could save you 15% or more on car insurance."

Dang. That's a really big price difference. I wonder if all AZ policy holders will eventually get switched over to the new rates or if you HAVE to call in.

Don't forget to see if you qualify for any other discounts. My college alumni association gets me 10%+ off which is almost $60 for me. My pre-discount premium is $585 then it goes down to $440 after the alumni discount, 5yr good driver discount, multi policy discount, ABS/anti-theft/airbags etc.

I've been pretty happy with Geico. Already had two claims (not at fault) which were handled great and the rates are good. My liability and prop damage coverages are maxed out and I have low deductibles, so $440 is a bargain compared to other companies I got a quote from.

I doubt if regulations changed. I shopped around, found a lower rate and called up Gekko. The rate drops to almost half. Maryland. Cursing myself for not doing so earlier. Same with home ins.
Shop around, call, call and call!!

Any other states beside AZ?

respdoc said:   Odd for that large of a drop. I wonder what prompted the changes in AZ ?

We'll be beachfront property soon!

Edit: On a more serious note...I did the quote online and only got about $50 difference than what I have with Flo. I'll wait for a call, I'm sure they will call to followup and see if they can go any lower.

Do you have the contact number of the agent? I tried to call them and they said that it is for business customers and they are not aware of any changes

You wouldn't believe how prices can vary from one zip code to the next,you can pay a lot just by where you live and half as much 5 miles away.Something to factor in if your looking to move too.

Alright, just got off the phone. OP, you just saved me $309.42 every 6 months. Name the time and place and drinks are on me.

Penfed is a "partner organization" that if you are a member you get an additional discount, like certain Alumni Associations or Professional associations. Thanks OP looks like I might save ~$236 every six months.

just called my rate got little higher than my current farmers about $15/mo

Thanks OP! My rate dropped from $449 to $279. Same coverage. Took about 10 minutes because they had to move my info to the new policy.

The Penfed, alumni association, fraternity discount is the same regardless of which one you put down, right?

I just switched to Geico from Wawanessa last month, they had the best rate by far than all of the others in CA for me. If you combine Umbrella it's super cheap.

UAIron said:   In AZ progressive was dirt cheap for me. I switched from Geico was paying about 720 6months full coverage, went down to 450 6 months with much higher liabilities.

I might try this as well.

http://www.progressive.com/auto/snapshot-test-drive.aspx

Do they still compare all major providers? if not is there a good search engine for ins. quotes including homeowners?

I forgot I was able to do this also. After reading this thread, I looked on my Policy Declarations and noticed a blurb buried in the "Important Policy Information" box at the bottom,

"We have a new rating program available. If you are interested in learning more inquire at (xxx) xxx-xxxx".

I had to leave a message, but they eventually returned my call and saved $370 per year off already low rates.