GEICO is the latest car insurance company to ask state to approve huge rate hike

So I just read this crazy article about GEICO asking states to approve a huge rate hike for car insurance. Basically, they want to raise their rates by up to 27% in some states! Can you imagine how much more that’s going to cost people already struggling to pay for insurance?

According to the article, GEICO is citing “increased risk on the roads” from things like distracted driving and more severe weather as the reason for the rate hike. But let’s be real, they’re a billion dollar company and they’re always looking for ways to make even more money. It’s ridiculous.

Personally, I’ve been with GEICO for a few years now and I’ve never had any issues with them. But this rate hike is definitely making me think twice about renewing my policy with them. I mean, why should I have to pay even more money for the same coverage?

Overall, this article highlights the ongoing struggle for affordable car insurance and the power that insurance companies have in influencing rates. It’s important for consumers to be aware of these changes and to shop around for the best deals. Trust me, it’s worth it in the long run.