I recently acquired a new 2017 Kia Optima Hybrid EX. However, this post is not about the car, but my insurance carrier. Last time I got a new car, they tried to jack up my rate by $80/mo. I had to threaten to switch carriers to get them to back off. Now that I’m getting another new car, they’re trying the exact same scam (except $100/mo this time.)
If I go to a competitor’s website and enter the new car, I get a rate suspiciously similar to my old rate with my old carrier on the old car.
Is it a common practice to subject new car buyers to this kind of rate hike?
What was weird was Geico’s contortions for avoiding telling me the real reason for the rate hike. At first they told me it was because the yearly mileage guestimate I gave them. So I went back and did a much more precise (and substantially lower) estimate. They wouldn’t budge on the rate, and then told me the rate was due to the fact I work at multiple locations. At that point I said screw it and started getting estimates.
I paid that much and then some for a beater ass 1994 Nissan Altima about 5 years ago. The car died before I could get in my first accident 3 months later in my next car. It was totaled and I was found not at fault.
In my experience that’s good enough. My insurance didn’t even flinch on my ticket. Fines are just the tax for breaking the law ofc.
$20 more than my current coverage for a 17 year old car… Son of a bitch.