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GEICO - Huge increase in condo policy cost

I switched to GEICO for auto and condo insurance as it saved about $150/year over State Farm. At first renewal my condo policy (provided by Travelers through GEICO) increased from $280/year to $422/year - a 50.7% increase! The agent said that since my condo has built in sprinklers she could reduce the annual cost by $2 (wow!). If I want a discount for the central fire alarm system I would need to obtain from the HOA management company a Certificate of Installation. This would result in a whopping $1/year additional discount. What a joke!

User's recommendation: GEICO is a good company, but be careful of low-ball initial policy prices, especially if they get you homeowner's, condo or renter's insurance through Travelers.

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#2464083 Review #2464083 is a subjective opinion of poster.
  • Usually reasonable insurance costs
  • Very large increase in cost of first renewal of condo policy
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