Submitted by throw-away-doh t3_yd9moa in personalfinance
I am in my 40's with a perfect driving record and I drive a 20 year old VW Golf.
I have never made an insurance claim.
Last year I was paying $256 every 6 months in premiums. This year GEICO increased the premium to $400 every 6 months.
I contacted GEICO and asked about the increase and they said it was due to inflation. This seems like price gouging to me.
Has anybody else seen similar increases in insurance. Should I switch to a different insurance company and if so who should I switch to?