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Old 05-21-2012, 04:24 PM
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Insurance

What are you thoughts on insurance? Today I received a call from my home insurance (State Farm) saying they can cover my car at a lower rate than my current insurance (GEICO). The saving would estimate to be about $200 for every 6 months. Supposedly the coverage is the same, if not very similar. Also I know GEICO offers the MBI coverage (Mechanical Breakdown Insurance) which is similar to a 7 year / 100,000 coverage for about $15 (edit) every 6 months (/edit), but State Farm doesn't offer this. What are you thoughts? I've been with GEICO for many years and they said the rate I have is the best they can do and can't lower it. I like the MBI which seems to extend my warranty like coverage.

Also has anyone here used the MBI or know anyone who has? Does it cover the air suspension?
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Old 05-21-2012, 05:20 PM
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Re: Insurance

I am not with GEICO, but suggest you read the MBI section in the policy to see if it really is similar to 7/100,000. I kinda doubt it. Also it is not uncommon for insurance companies to give a discount if you have multiple lines with them, depends on state laws.
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Old 05-21-2012, 05:42 PM
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Re: Insurance

The last time my home policy carrier gave me a call, I forwarded them a copy of my policy just to see if they can do better. The amount they came up with is double what I'm currently paying so now they stopped calling me.
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Old 05-21-2012, 05:42 PM
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Re: Insurance

Im rockin state farm with maxed out insurance 0 deductibles 76/m
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Old 05-21-2012, 05:45 PM
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Re: Insurance

I agree with AAAA. MBI is nothing like the manufacturer's extended warranty. You would be paying $180/year. That amounts to over $1200 in 7 years. I just bought the Chrysler Maxcare 7/70 warranty for $950 with $100 deductible and I would bet it covers much more than any MBI through an insurance company, including rental cars and trip interruption coverage.
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Old 05-21-2012, 08:05 PM
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Re: Insurance

Sorry for not being clear, the $15 coverage is for every 6 months with a $250 deductible. To me the 7 years / 100,000 miles is very interesting and maybe cheaper than a warranty. Though like others have told me, it would be prudent to find out if parts used are OEM, aftermarket, or used. I'm also torn if I should by a Chrysler warranty, give I have air suspension and I have heard people are now having some problems with them.
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Old 05-21-2012, 10:15 PM
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Right now there are no aftermarket parts for the new Grand Cherokees. So no insurance company can force you to use them after an accident.
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