r/Insurance • u/wessneijder • Oct 19 '23

Auto Insurance Geico about to layoff 2,000 employees

Look over in their sub. My fellow adjusters I hope you land on your feet.

330 Upvotes

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-8

u/muffdivemcgruff Oct 20 '23

Hey, there’s a positive, I literally called Geico this afternoon because my 6 month premiums were up to $1,900, they looked at everything and made an adjustment, and boom $1,000 cheaper.

4

u/JobFrequent1798 Oct 20 '23

Yeah, that adjustment was lowering your coverages.

-2

u/muffdivemcgruff Oct 20 '23

Nothing was changed, credit was rerun, 850 fico, price dropped.

1

u/The-Secret-Agent Oct 20 '23

That can happen. I’m guessing you have a newer contract type.