GEICO mechanical breakdown insurance
Thad McCulloch
Has anyone had any experience with GEICO's extended
warranty plan. It seems to be slightly less expensive than
the normal dealer-sponsored policy.
Robert J. Wade
total ripoff period!!!! you are better off taking your money and putting it
in a bank and using that money for repairs. many extended warranties never
pay or have co-payments etc.
Mike Peercy
This is of course a corollary to the rule: never insure something
you can afford to fix.
Virtually all auto repairs are affordable by virtually all people
who own cars.
The rule arises because insurance is nothing but gambling. The
insurer is betting that you will pay her in small pieces more than
she will pay you in large pieces plus profit and salary, and she
gets salaried by how well she bets.
Mike Peercy
pee...@crhc.uiuc.edu
Andrew Bernstein
(Robert J. Wade) writes:
@>In article <1993Apr4.0...@lds.loral.com> mccu...@sps204.lds.loral.com (Thad McCulloch) writes:
@>>
@>>Has anyone had any experience with GEICO's extended
@>>warranty plan. It seems to be slightly less expensive than
@>>the normal dealer-sponsored policy.
@>>
@>and once again....*never* buy extended warranties....they are a complete and
@>total ripoff period!!!! you are better off taking your money and putting it
@>
@>
How many people will actually put that money in the bank and keep it there for the
sole use of a automotive repair......maybe for people who have a hard time saving
money or don't want the hassle of worrying about paying for everything the
extended warranty is worth it.....for some people it is worth it...others not, and
for some the peace of mind knowing you won't have too many unexpected expenses
is enough.....if you drive a lot, your basic warranty can be up in a little longer than
a year....how many people can make the car payments as well as large repairs....
It may work for some people......
Andrew
--
Andrew Bernstein
Motorola Inc. "There's no such thing as sanity,
1299 E. Algonquin Road and that's the sanest fact"
Schaumburg, IL 60196-1077 ---- Dire Straits
bern...@next3.corp.mot.com (NeXT mail OK)
CarolinaFan@uiuc
Again, never buy anything from Geico. This company is unfair to
all drivers, whether it insures them or not. For more information, read recent
C/D's. You'll love what they've been doing.
--
Chintan Amin The University of Illinois/Urbana Champaign mail: ll...@uiuc.edu
******************************************************************************
*"Because he was human Because he had goodness Because he was moral*
***************They called him insane..." Peart "Cinderella Man"*************
sek...@bb1t.monsanto.com
termination the moment you get a speeding ticket, accident, or any other
blasphemous act. I gather if your water pump went out under their extended
warranty, they'd probably drop your insurance _and_ warranty.
Not speaking from experience, but have heard enough from past threads to
know better...
----------------------------------------------------------------------------
Scott Keller +1 314 537 6317 The Agricultural Group of Monsanto Company
sek...@bb1t.monsanto.com KA0WCH packet: ka0...@k0pfx.mo.usa.na
by...@mscf.med.upenn.edu
> More importantly, don't buy GEICO _anything_! GEICO is known for immediate
> termination the moment you get a speeding ticket, accident, or any other
> blasphemous act.
WRONG! Maybe because I've never had a speeding ticket and only two
accident claims in 22 years... But I've never had a problem with GEICO.
Karen Byrd, VAX Sys./Net. Manager
University of Pennsylvania
Medical School Computer Facility
Philadelphia, PA 19104 (USA)
Internet: by...@mscf.med.upenn.edu
CarolinaFan@uiuc
Steven Ritter
>by...@mscf.med.upenn.edu writes:
>
>
>>> More importantly, don't buy GEICO _anything_! GEICO is known for immediate
>>> termination the moment you get a speeding ticket, accident, or any other
>>> blasphemous act.
>
>>WRONG! Maybe because I've never had a speeding ticket and only two
>>accident claims in 22 years... But I've never had a problem with GEICO.
>
>
>> Karen Byrd, VAX Sys./Net. Manager
>> University of Pennsylvania
>> Medical School Computer Facility
>> Philadelphia, PA 19104 (USA)
>> Internet: by...@mscf.med.upenn.edu
>
> As I wrote you, you seem to be in the minority...
Well, you can add me to that minority. I've been with GEICO for about 10
years and I haven't had a problem with them. My car was stolen in
October. They paid the claim with no hassles. Also, GEICO doesn't
increase your rates for a single speeding ticket.
Robert J. Wade
>Well, you can add me to that minority. I've been with GEICO for about 10
>years and I haven't had a problem with them. My car was stolen in
>October. They paid the claim with no hassles. Also, GEICO doesn't
>increase your rates for a single speeding ticket.
all concerned might want to read the letters to editors sections of road&track
or car&driver this month. plenty of examples where people were dropped for
just one ticket or had their rates skyrocket. from what i hear and read it
is 10:1 that geico sucks.
CarolinaFan@uiuc
>ll...@uiuc.edu writes:
Car And Driver's interview with the GEICO boss has him saying that
the individual GEICO state subsidiaries make decisions on whether to charge for
tickets or not. He said that many do. Your state may not.
Grayson Walker
Malcolm G. Costello
x> More importantly, don't buy GEICO _anything_! GEICO is known for immediate
x> termination the moment you get a speeding ticket, accident, or any other
x> blasphemous act.
x
xWRONG! Maybe because I've never had a speeding ticket and only two
>accident claims in 22 years... But I've never had a problem with GEICO.
x Karen Byrd, VAX Sys./Net. Manager
x University of Pennsylvania
x Medical School Computer Facility
x Philadelphia, PA 19104 (USA)
x Internet: by...@mscf.med.upenn.edu
From my experience, not rumors, I agree with Karen. I had 2 speeding
tickets within 1 month ( my only 2 in 34 years of driving) and my
teenage daughter got 1 for 45mph in a 30 zone. We've also had a couple
of single car accidents over the years and GEICO jacked the rates up
for a few years but made no noises about cancelation.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Mack Costello <mcos...@oasys.dt.navy.mil> Code 65.1 (formerly 1720.1)
David Taylor Model Basin, Carderock Division Hq. NSWC ___/-\____
Bethesda, MD 20084-5000 Phone (301) 227-2431 (__________>|
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