Quote:
Originally Posted by tekgk
It's not that they're willing to cover a 4yr old vehicle, but more that they're covering a new vehicle for up to 7yrs - this means in order to keep this coverage, you'd have to maintain yourself as a Geico customer for an uninterrupted 7yrs. It's kind of a way to keep you in the fold. If you stay for 7yrs, they've a customer for 7yrs. If you trade it in before a claim, free money (most folks probably would trade their BMW in by year 3-5) for Geico.
It was this coverage that kept me from switching to another carrier who quoted me $300/6mo.
|
Yes, there is the "lock in" with Geico, but I plan to keep the car for at least 7 years. Also, at least in my case Geico is $30/6 month period cheaper ($47 more per 6 months if I include the MBI), so at least in the short term I'll be doing alright as they are very competitive on car insurance rates for me, although nobody can predict what it will be in the future.