Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms

[Xolodno]

16. GEICO and Progressive are unique in a way.

The cost to manage your policy is extremely low since they insure only autos....which means less employee's, overhead, etc., I think Progressive sub-contracts their motorcycle insurance to Farmers...not sure about GEICO but it wouldn't surprise me.

It certainly frustrates the larger insurers, but with that said, they also have more room when the combined ratio tanks below what they expected. Your cheap companies have less wiggle room and thus, a harder time giving you rebate. But then again, you are already paying a lower premium vs. State Farm, Farmers, Allstate, CHUBB, etc.

As to why State Farm hasn't got on the ball, no clue. But they are fucking huge company and have been known to take on losses just to maintain market share.