Jerry Levine
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I am really thrilled that GEICO has increased our premium for automobile insurance from $900/6 months to $2500/6 months.

Really exciting stuff. Very pleasing.
#NJ #JerseyCity Folks - check your renewals! GEICO said they recalculated ALL JC & Hudson county premiums.
11:49 AM - Nov 06, 2023
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The Reluctant Townie
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In response to Jerry Levine.
I don't think it's isolated to GEICO. Allstate has done the same with me. I had GEICO previously. Less coverage for a higher premium. It's probably more so that insurance companies are financial institutions and have to show increasing profitability in shorter cycles to their vocal shareholders.
11:53 AM - Nov 06, 2023
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Jerry Levine
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I mean, I get that the cost of doing business goes up. But effectively doubling the cost doesn't seem to align with the reasonable cost of doing business; indeed, it sounds like they're trying to reduce exposure (which is not unreasonable, but just say it).
In response to The Reluctant Townie.
12:08 PM - Nov 06, 2023
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The Reluctant Townie
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In response to Jerry Levine.
Greedflation has entered the mainstream. Sort of why I view what's going on in America is more end stage capitalism rather than late stage.
12:10 PM - Nov 06, 2023
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