Heard GEICO's rates are soaring? You're not alone! Reddit threads are buzzing with discussions about recent price increases. Many users are reporting significant jumps in their premiums, leading to frustration and a search for alternatives.
So, is GEICO actually "jacked up" the price? While individual experiences vary, the consensus on Reddit seems to suggest that yes, many customers are seeing higher costs. Reasons cited include inflation, increased accident rates, and changes in GEICO's underwriting policies.
Redditors are sharing tips on how to combat the increase, such as shopping around for quotes from other insurers (like Progressive, State Farm, and smaller regional companies), bundling policies, and increasing deductibles. Some are even considering usage-based insurance options. The bottom line? Don't just accept the price hike – explore your options and see if you can find a better deal elsewhere. Have you seen a GEICO price increase? Share your experience on Reddit (or in the comments below!) and let's compare notes!
