C230K: GEICO Hikes Rates 15%
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2002 MB C230 SC
C230K: GEICO Hikes Rates 15%
I've had a C230K coupe for about 18 months. Last Spring GEICO upped my rates 15%. They said it was because since the car was a new model it was rated in a certain insurance class when they initially quoted & insured it. After the car was on the market for awhile, they re-evaluated it, resulting in a jump up a few insurance classes.
The C sedans' insurance classes hadn't changed.
While on the phone I happened to remark "Gee-whiz, what is the deal, it is a Mercedes after all, not some Hyundai." The CS rep commented that as a matter of fact the only other car she had seen jump as many insurance classes was the Hyundai Tiburon.
Is anyone else having insurance rate problems with their C230K.
The C sedans' insurance classes hadn't changed.
While on the phone I happened to remark "Gee-whiz, what is the deal, it is a Mercedes after all, not some Hyundai." The CS rep commented that as a matter of fact the only other car she had seen jump as many insurance classes was the Hyundai Tiburon.
Is anyone else having insurance rate problems with their C230K.
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Joined: May 2002
Posts: 8,189
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From: SF
2007 VW GTI
Given the title of this thread, it's ironic that their commercials claim you can save 15% on car insurance. Geico wanted twice what I'm paying with State Farm; they can kiss my ***.
(Of course, Progressive wanted THREE times what I'm paying.
)
(Of course, Progressive wanted THREE times what I'm paying.
)
Member
Joined: Aug 2002
Posts: 224
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From: FairFax, Virginia
Try 28% increase
from Safeco - across the board for Northern Virginia or I was told by the broker. One thing about Safeco though, it's service is very good. I am staying with Safeco until next renewal 
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From: www.Traben-Trarbach.de
MPG+ ROLFCOPTER
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history. Some states are actually looking into this and the justifications provided by these companies in order to evaluate the fairness of this practise. Last but not least; a lot of them lost money over the last few years in stocks, etc. and now are trying to recoup.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
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From: Laguna Niguel, CA
Re: C230K: GEICO Hikes Rates 15%
Originally posted by ralph99
I've had a C230K coupe for about 18 months. Last Spring GEICO upped my rates 15%. They said it was because since the car was a new model it was rated in a certain insurance class when they initially quoted & insured it. After the car was on the market for awhile, they re-evaluated it, resulting in a jump up a few insurance classes.
I've had a C230K coupe for about 18 months. Last Spring GEICO upped my rates 15%. They said it was because since the car was a new model it was rated in a certain insurance class when they initially quoted & insured it. After the car was on the market for awhile, they re-evaluated it, resulting in a jump up a few insurance classes.
Time to get competitive quotes. I use AAA and my c-coupe has an average premium compared to my 3 other cars. What's nice about AAA is that they are a non for profit company so they return all their profits back to their long standing customers (I think over 3 years), a few hundred dollars for us.
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Member
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From: FairFax, Virginia
This is my concern as well
Originally posted by amdeutsch
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history. Some states are actually looking into this and the justifications provided by these companies in order to evaluate the fairness of this practise. Last but not least; a lot of them lost money over the last few years in stocks, etc. and now are trying to recoup.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history. Some states are actually looking into this and the justifications provided by these companies in order to evaluate the fairness of this practise. Last but not least; a lot of them lost money over the last few years in stocks, etc. and now are trying to recoup.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
That is my mortgage broker told me when I applied for a pre-quailfying letter.
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Newbie
Joined: Jul 2003
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From: cleve, oh.
geico actually gave me the best rate i could find on my 230k. i have very poor credit though and i think this was the cause.
geico being the gov't employees ins. co. gave me a big discount
for being a gov't. employee. different co.'s look at people differently, and i doubt one co. will have the best rate for all.
geico being the gov't employees ins. co. gave me a big discount
for being a gov't. employee. different co.'s look at people differently, and i doubt one co. will have the best rate for all.
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Joined: Nov 2001
Posts: 1,480
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From: Central NJ
C230K Coupe/Orion/C4/C5/CD/AMG Spoiler/V60/TeleAid, 2 MGB's
I was insured by Liberty Mutual when I got my coupe. After 3 months they added a 22% increase addendum to my policy because the C230K is forced induction (mind you, my previous car was also - Talon TSi). Because I opted for stick shift, they classify the C230K Coupe as a sports car along with the SL, CLK and SLK models (even though they only have auto in the SL/CLK lines).They also said the C230K wasn't as safe as the C320 or C240(?).
So at the end of that policy's term, I canned them and went to NJ Manufacturers, who beat LM's best quote by $600, saying the Mercedes Coupe is not only safer, but has better air bag and traction control than any other car in it's class.
I still pay a little over $2400 for 4 cars, with a perfect driving record...
Thank your lucky stars you don't live in NJ...our politicians are all either lawyers or insurance agents...and the mandatory insurance laws reflect that (NJ has the #1 highest insurance rates in the nation).
So at the end of that policy's term, I canned them and went to NJ Manufacturers, who beat LM's best quote by $600, saying the Mercedes Coupe is not only safer, but has better air bag and traction control than any other car in it's class.
I still pay a little over $2400 for 4 cars, with a perfect driving record...
Thank your lucky stars you don't live in NJ...our politicians are all either lawyers or insurance agents...and the mandatory insurance laws reflect that (NJ has the #1 highest insurance rates in the nation).
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Originally posted by amdeutsch
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history. Some states are actually looking into this and the justifications provided by these companies in order to evaluate the fairness of this practise. Last but not least; a lot of them lost money over the last few years in stocks, etc. and now are trying to recoup.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history. Some states are actually looking into this and the justifications provided by these companies in order to evaluate the fairness of this practise. Last but not least; a lot of them lost money over the last few years in stocks, etc. and now are trying to recoup.
The best tip I have received from a friend in the Insurance business is to shop around. Staying with one is not always the best.
My insurance went to $4200 from $2400 (CND) after an accident and an aparent 30% hike across Ontario. Funny thing is I turn 25 in 5 months, at which time my insurance goes to $2700 - moe than a 30% decrease!
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Joined: Oct 2002
Posts: 7,737
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From: San Diego, Ca
2003 Citron Green C230KMT
Re: C230K: GEICO Hikes Rates 15%
Originally posted by ralph99
I've had a C230K coupe for about 18 months. Last Spring GEICO upped my rates 15%. They said it was because since the car was a new model it was rated in a certain insurance class when they initially quoted & insured it. After the car was on the market for awhile, they re-evaluated it, resulting in a jump up a few insurance classes.
actually mine just dropped 10% this month. my car is 6 months old and im 27 so no major changes as far as that goes.
The C sedans' insurance classes hadn't changed.
While on the phone I happened to remark "Gee-whiz, what is the deal, it is a Mercedes after all, not some Hyundai." The CS rep commented that as a matter of fact the only other car she had seen jump as many insurance classes was the Hyundai Tiburon.
Is anyone else having insurance rate problems with their C230K.
I've had a C230K coupe for about 18 months. Last Spring GEICO upped my rates 15%. They said it was because since the car was a new model it was rated in a certain insurance class when they initially quoted & insured it. After the car was on the market for awhile, they re-evaluated it, resulting in a jump up a few insurance classes.
actually mine just dropped 10% this month. my car is 6 months old and im 27 so no major changes as far as that goes.
The C sedans' insurance classes hadn't changed.
While on the phone I happened to remark "Gee-whiz, what is the deal, it is a Mercedes after all, not some Hyundai." The CS rep commented that as a matter of fact the only other car she had seen jump as many insurance classes was the Hyundai Tiburon.
Is anyone else having insurance rate problems with their C230K.
MBWorld Fanatic!
Joined: Nov 2001
Posts: 2,465
Likes: 0
From: SF Bay Area
2002 C230 K
Re: Re: C230K: GEICO Hikes Rates 15%
Originally posted by Buellwinkle
I use AAA and my c-coupe has an average premium compared to my 3 other cars.
I use AAA and my c-coupe has an average premium compared to my 3 other cars.
Originally posted by amdeutsch
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history.
What is so strange with Ins Co. nowadays is that a lot of them are starting to base their rates on your credit score instead of your driving history.
MBWorld Fanatic!
Joined: Jun 2002
Posts: 7,266
Likes: 170
From: So. Oregon Coast
C230 Sport Coup + 2006 W164 ML350 + 99 Ford Escort RIP
I've been with Farmers for so long, it's hard for anyone to beat them. They give you extra discounts after so many years for sticking with them. Still I'm paying about 1200 a year for 2 cars, and only the benz is full coverage, and a $1k collision deductible.
Save about 200 a year for 1K vs. 500.
In my whole life I've never collected on something that was my fault, so it's a bet I feel OK taking.
Save about 200 a year for 1K vs. 500.
In my whole life I've never collected on something that was my fault, so it's a bet I feel OK taking.
