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X3 E83 (2004 - 2010)
Talk about the E83 BMW X3 in this forum!

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  #1  
Old 04-11-2013, 03:49 PM
KellyJH KellyJH is offline
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Angry Feeling discriminated against

I just got notice from GEICO that my insurance premium has been raised by $200 per month and they're blaming the majority of it on my X5. They're saying that it's due to increased accident rates in our area (Houston, TX, even though we live 40 miles outside of it) and high repair costs.
My husband has a 330Ci, and his portion of the insurance did not go up NEAR as much as mine.
Anyone else have this happen to you?

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  #2  
Old 04-11-2013, 05:17 PM
mchova01 mchova01 is offline
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You might get a better response posting in the X5 forum. But, I pay nowhere near just your monthly price increase for great coverage for an X3 in San Francisco.

Spending more than (what you used to pay + $200) per MONTH for an ~ 10 year old car seems excessive. Try shopping for insurance?
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  #3  
Old 04-11-2013, 05:18 PM
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AzNMpower32 AzNMpower32 is offline
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BMWs, at least cars like the X3 and 3er have fairly low insurance costs based on what I've heard and personal experience. So that reason from Geico is pretty lame. Heck, the X3 is pretty cheap to repair compared to vehicles like the 5er and X5, and has a fairly low theft rate.

I would highly recommend shopping around for car insurance. My parents were Geico customers from the very beginning nearly 30 years ago and thought they were getting good rates. I did them a favour, called around, and got them switched to another insurance company that had better perks, similar coverage at a lower price.
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  #4  
Old 04-11-2013, 05:43 PM
spokelizard spokelizard is offline
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After 30 years with my old insurance company, I switched to Liberty Mutual a couple of years ago, based on their promise to use OEM BMW parts for repairs. (My old company couldn't match that.)

Unexpectedly, my premiums went down too. Way less than $200/month for coverage on my X3.

So I suspect either GEICO's really expensive, or there's something you haven't mentioned in your or your husband's driving record.

Anyway, try posting the same question in the X5 forum.
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  #5  
Old 04-11-2013, 06:20 PM
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Kamdog Kamdog is offline
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I don't pay that much for my two cars.
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  #6  
Old 04-11-2013, 06:44 PM
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Ishniknork Ishniknork is offline
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GEICO just plain sucks. Great commercials though
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  #7  
Old 04-11-2013, 06:44 PM
dukedkt442 dukedkt442 is offline
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Mein Auto: 08 E83; 97 MKIII; 84 GMC
I pay $150/mo for THREE cars... my Jetta (with just liability) is actually almost double the X3 with FULL coverage. I have high monetary coverage limits, too. Shop around, GEICO is seldom the cheapest.
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  #8  
Old 04-11-2013, 07:10 PM
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mlukas161 mlukas161 is offline
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I really do think Geico is the worst insurance company out there. My wife worked in a lawyers office and Geico was terrible to deal with during claims. Try shopping around.
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  #9  
Old 04-12-2013, 03:57 AM
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mlukas161 mlukas161 is offline
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It seems unbelievable that your insurance was raised 2,400 per year just for driving an X5.
After thinking about this more I'm starting to think this is a marketing scam to promote other insurance companies and trash Geico. (Although it worked)
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  #10  
Old 04-12-2013, 04:45 AM
KellyJH KellyJH is offline
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My husband did some searching. This is part of Obamacare. An end to anti-trust laws thus allowing insurance companies to charge whatever they want. Keep an eye on your own company. I shopped around and all other companies are just as much if not way more.
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  #11  
Old 04-12-2013, 07:49 AM
UncleJ UncleJ is offline
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Kelly, if you have a relative that served in the armed forces you might want to get a quote from USAA in San Antonio. I doubt if this is in connection with Obamacare -- although the potential is there. I suggest you post your question over on the X5 board as well.
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  #12  
Old 04-12-2013, 01:40 PM
fivepointnine fivepointnine is offline
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I have progressive, full coverage on both the Mercedes and BMW and renters insurance too for $130 a month.
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  #13  
Old 04-12-2013, 04:48 PM
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AzNMpower32 AzNMpower32 is offline
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Quote:
Originally Posted by KellyJH View Post
My husband did some searching. This is part of Obamacare. An end to anti-trust laws thus allowing insurance companies to charge whatever they want. Keep an eye on your own company. I shopped around and all other companies are just as much if not way more.
That's claptrap. State vehicle insurance laws are regulated at the state level.
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  #14  
Old 04-13-2013, 12:05 AM
mchova01 mchova01 is offline
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Quote:
Originally Posted by AzNMpower32 View Post
State vehicle insurance laws are regulated at the state level.
That's 100% true.

+1
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  #15  
Old 04-13-2013, 06:52 AM
dukedkt442 dukedkt442 is offline
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Quote:
Originally Posted by KellyJH View Post
My husband did some searching. This is part of Obamacare. An end to anti-trust laws thus allowing insurance companies to charge whatever they want. Keep an eye on your own company. I shopped around and all other companies are just as much if not way more.
Anti-trust regulation is NOT a regulation of consumer price, but of the manipulation of the capitalist model. Prices would be unaffected until insurance companies started merging; if you are claiming that they are in cohoots behind closed doors and made some back-room verbal contract to all raise their rates... well they can do that already. Then, a few companies will seize the opportunity of offering low rates, and reap profits. If you are asserting that the Government Employees Insurance CO. is having its rates changed by the government, then change to different company. Personally, it sounds like there is something not being said about why your rates are high... car insurance rates ARE affected by credit score; so if you have had unpaid debt accumulate recently, that will jack up your premiums.

My '97 Jetta with liability only costs more than my '08 E83 with full collision/comprehensive/glass/rental car/lost wages coverage/$0 deductible.
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Last edited by dukedkt442; 04-13-2013 at 06:53 AM.
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  #16  
Old 04-20-2013, 06:52 PM
SonicBoom SonicBoom is offline
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The only thing Geico is good for is risk insurance. Same goes of Progressive.

I went form a 05 Altima to a 07 X3 and my rate dropped. I suspect because the X3 is so much safer.
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  #17  
Old 04-20-2013, 07:03 PM
prenderm28 prenderm28 is offline
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Quote:
Originally Posted by KellyJH View Post
I just got notice from GEICO that my insurance premium has been raised by $200 per month and they're blaming the majority of it on my X5. They're saying that it's due to increased accident rates in our area (Houston, TX, even though we live 40 miles outside of it) and high repair costs.
My husband has a 330Ci, and his portion of the insurance did not go up NEAR as much as mine.
Anyone else have this happen to you?

i had geico for a while, switched to progressive. got snapshot. now saving more on the original switch, plus another 30% off my original rate from snapshot. win

Sent from my SPH-D710 using Bimmer App
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  #18  
Old 04-20-2013, 07:20 PM
JUBMW JUBMW is offline
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Quote:
Originally Posted by KellyJH View Post
I just got notice from GEICO that my insurance premium has been raised by $200 per month and they're blaming the majority of it on my X5. They're saying that it's due to increased accident rates in our area (Houston, TX, even though we live 40 miles outside of it) and high repair costs.
My husband has a 330Ci, and his portion of the insurance did not go up NEAR as much as mine.
Anyone else have this happen to you?

Time for a new insurance carrier!
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  #19  
Old 04-20-2013, 07:22 PM
JUBMW JUBMW is offline
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Quote:
Originally Posted by KellyJH View Post
My husband did some searching. This is part of Obamacare. An end to anti-trust laws thus allowing insurance companies to charge whatever they want. Keep an eye on your own company. I shopped around and all other companies are just as much if not way more.
Hold up we are talking about auto insurance not health care
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  #20  
Old 04-21-2013, 06:43 AM
UncleJ UncleJ is offline
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Give them time, the Gov't will get around to screwing that up too!
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  #21  
Old 04-21-2013, 07:44 AM
tonydetiger tonydetiger is offline
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Quote:
Originally Posted by JUBMW View Post
Time for a new insurance carrier!
This. Progressive did this to me. My rates started going up every six months, despite a clean driving record and no claims in 6 years. I switched to Liberty Mutual and got better coverage for half the price of Progressive.
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  #22  
Old 04-22-2013, 07:52 AM
sjladopoulos sjladopoulos is offline
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Location: Toronto
 
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Mein Auto: 2007 BMW X3 3.0si
If it makes you feel any better, I pay CAD $286/month here in Toronto for my X3, and that price is discounted cause I have 2 cars + house bundle.

So please do not bring up this topic again :@
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  #23  
Old 04-23-2013, 09:47 AM
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cagui1223 cagui1223 is offline
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Mein Auto: 2007 BMW X3 3.0si [e83]
We have progressive for both our vehicles, 1 with the snapshot discount. Full coverage on 2012 Acura TSX and 2007 X3, think the deductible is $500. We pay $180/mnth in Connecticut.
The X3 alone was $135/month with progressive.

Last edited by cagui1223; 04-23-2013 at 09:48 AM. Reason: grammatical error.
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  #24  
Old 04-23-2013, 12:20 PM
jdauria jdauria is offline
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Quote:
Originally Posted by Kamdog View Post
I don't pay that much for my two cars.
This. I pay under $150 for 2 BMWs. StateFarm. Woot
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