Wednesday, March 01, 2006
Will GEICO Save You Money
It will save you more if you are educated. GEICO has recently been welcomed back to NJ (they must have been run out of the state at one time). If you are single, 30 yr old male lawyer with a Master degree you pay $1,686. If you are the same guy living at the same address driving the same car, but you have a high school diploma and you are a janitor, you pay $2,880. Evidently GEICO was able to correlate education with losses.
Ken Tappen, an analyst with AM Best, which tracks industry trends, said these rating factors may be "the wave of the future." Read more here.
I guess most insurance is based on some sort of discrimination.
I do hate that gecko and his stupid accent in any case.