Geico insurance - C Class rating change
Thread Starter
Junior Member
Joined: Apr 2010
Posts: 74
Likes: 2
From: Boston
2010 E550
Geico insurance - C Class rating change
I leased a 2010 C300 in March of 2010 and I'm coming up on my insurance renewal with Geico. They're increasing my rate by 10-15% because they say the rating from the Insurance Services Office changed meaning the car is either more expensive to fix than last year, has kept more value or another reason it would cost more for the insurance company.
According to them the Insurance Services Office is an independent organization and they have determined the 2010 C300 is a Symbol P this year whereas it was a Symbol K last year.
Is there someone on here who is familiar with this system? Is this a legitimate reason on their part?
According to them the Insurance Services Office is an independent organization and they have determined the 2010 C300 is a Symbol P this year whereas it was a Symbol K last year.
Is there someone on here who is familiar with this system? Is this a legitimate reason on their part?
Member
Joined: Nov 2010
Posts: 146
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08 C300
I'm 28
State Farm checks for discount all the time. So they say.. LOL IDK
I also have a clean record, defensive driving awhile back ago, and motorcycle license. So IDK if all that helped or not.
Also they give discount for staying with them for over a year.
Just give them a call and see what they can do. Ask for what discount you can get.
I'm in Texas so that might be a big differ. I use to have a 07 350z and I was paying $160 a month since it was a sports car...
State Farm checks for discount all the time. So they say.. LOL IDK
I also have a clean record, defensive driving awhile back ago, and motorcycle license. So IDK if all that helped or not.
Also they give discount for staying with them for over a year.
Just give them a call and see what they can do. Ask for what discount you can get.
I'm in Texas so that might be a big differ. I use to have a 07 350z and I was paying $160 a month since it was a sports car...
Last edited by SuPERSaK; Feb 22, 2011 at 09:34 PM.
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Senior Member
Joined: Oct 2008
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2010 C300
i have AAA and it is actually cheaper for me to put 2 cars on my policy. MB alone was 1900 a year, but i added an accord onto it and it's now 1500 for both cars. weird, but i'm not complaining =) and i'm 26 btw
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Member
Joined: Nov 2010
Posts: 146
Likes: 0
08 C300
It's true the more you have insured with them like, car, motor, house, life, renter, etc. they will give you a good deal.
The older you are and the longer relationship you have with the same insurance help a lot.
The younger you are means the more expensive.
In Texas the age to hit is 25 for male and your insurance will drop.
The older you are and the longer relationship you have with the same insurance help a lot.
The younger you are means the more expensive.
In Texas the age to hit is 25 for male and your insurance will drop.
Member
Joined: Sep 2009
Posts: 132
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2006 C230 6spd > C300 4Matic
I have an 08 C300, I pay 225 a month with progressive, full coverage with rental... and thats even after I flipped my c230. Lol
I'm 22..
I'm 22..
Last edited by IllusionX; Feb 22, 2011 at 10:11 PM. Reason: age
Junior Member
Joined: Mar 2010
Posts: 40
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Owned an Infiniti M35x, Drives an 08 S550 4matic
lamonsas i don't know where you are located, but that rate is outrageous.
I have a fully loaded S550 4matic and I pay $140 a month with full coverage (no rental, don't need it) with GEICO and I am 29. I do have a clean driving record but my wife doesnt (some violations) and she has a C300 at $160 a month.
Albertb I would advise that you switch to a different insurance company or try a different agent. Dont buy into that nonsense of your car being on a different rating or symbol to justify an increase or price hike. You are being scammed.
Go to the S class forum and there are people in there with AMGs and 600s that pay cheaper insurance than me.
I have a fully loaded S550 4matic and I pay $140 a month with full coverage (no rental, don't need it) with GEICO and I am 29. I do have a clean driving record but my wife doesnt (some violations) and she has a C300 at $160 a month.
Albertb I would advise that you switch to a different insurance company or try a different agent. Dont buy into that nonsense of your car being on a different rating or symbol to justify an increase or price hike. You are being scammed.
Go to the S class forum and there are people in there with AMGs and 600s that pay cheaper insurance than me.
MBWorld Fanatic!
Joined: Sep 2009
Posts: 2,108
Likes: 7
From: Dix Hills, New York
2012 C250 Coupe
Comparing Insurance rates really is pointless. There are so many factors that go into them, not to mention that they vary GREATLY from state to state. NYS undoubtedly has some of the highest insurance rates across the United States, although, I am sure that some other states aren't that far behind (Mass, etc).
Anyway, I doubt that reliability or repair expense, nor safety has anything to do with the rate increase. It probably has to do more with value than anything else. However, you never know with insurance companies (there could be some weird ratios like number of accidents reported by model or theft or something). But who really knows.
I know that while my father's SL500 is a very expensive car and probably much more expensive to fix than my c-class, but since it is a 2003 (even though the dollar value is almost the same as my car) its insurance is 1/3 the cost. $500 every 6 months. This may not sound good, but it is fairly impressive when the c-class cost $1300 every 6 months for my older sister and $1750 every 6 months for me. I am a 20 year old male and live in NYS, go figure...
Anyway, I doubt that reliability or repair expense, nor safety has anything to do with the rate increase. It probably has to do more with value than anything else. However, you never know with insurance companies (there could be some weird ratios like number of accidents reported by model or theft or something). But who really knows.
I know that while my father's SL500 is a very expensive car and probably much more expensive to fix than my c-class, but since it is a 2003 (even though the dollar value is almost the same as my car) its insurance is 1/3 the cost. $500 every 6 months. This may not sound good, but it is fairly impressive when the c-class cost $1300 every 6 months for my older sister and $1750 every 6 months for me. I am a 20 year old male and live in NYS, go figure...
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From: California
MB W204/W212, BMW E66, Porsche 958, VW MK6 TDI, Maserati Ghibli SQ4
I pay around $400 for 6 month well coverage on the C. California, 33, federal employee, and all sorts of other discounts tossed on. This is also including the $35 MBI extended warranty.
MBWorld Fanatic!
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Posts: 2,439
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From: The Jersey Shore
W204 Color: 090 / 1999 Honda Civic EX / 2003 Acura TL
I'm 22 I pay a 6 month prem. for $625 with Geico and that is for Full Coverage and Road Side
Last edited by Spec_Davis; Feb 23, 2011 at 12:09 PM.
Member
Joined: Sep 2010
Posts: 171
Likes: 1
2008 C350
I'm 28, I pay $95/mo for Geico on my 08 C350.
Of course there's so much variance in coverage that it's kinda meaningless just to compare using numbers. Tho I'd hope nobody has state minimum... in fact that would be against your terms with MBFS (if you financed thru them)
Of course there's so much variance in coverage that it's kinda meaningless just to compare using numbers. Tho I'd hope nobody has state minimum... in fact that would be against your terms with MBFS (if you financed thru them)
MBWorld Fanatic!
Joined: Oct 2008
Posts: 2,601
Likes: 28
From: Atlanta, GA
2008 C300 Sport 6 Speed Manual, 1953 Chevy Bel-Air, 2015 Audi allroad, 1963 Chevy Apache
MBWorld Fanatic!
Joined: Jan 2009
Posts: 5,113
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From: Southwest USA
Another round of ICE
Zip code
Age
Gender
Marital status
Driving record
Credit rating
Car model
Car age
Number of cars in household
Number of drivers in household
Whether car is garaged or parked outdoors
Presence of alarm system
Presence of certain safety features
Policy deductible
Policy limitations of liability
Presence of an excess liability policy
Depreciated value vs. Agreed market value total loss coverage
I probably left some out...but go ahead and try to compare among yourselves!
MBWorld Fanatic!
Joined: Mar 2003
Posts: 1,681
Likes: 2
From: SF
07 E63 06 CLK55 Cab 03 P-car C4S
every time i've added a car, my rate goes up.
i've asked them WHY it goes up when i can only drive one car at a time, and the risk is really no greater...but the argument didn't fly.
i'd like to figure out a better system, but my umbrella is w/ AAA so it's tough to go around them for just one car.
PL
