$1M Umbrella Policy via Geico/RLI: is $400/yr fair? Is this process normal?

[painkiller]

Out of curiosity, I just went through the online quote with RLI and got the same exact price, and also no substantive policy info. As far as I can tell she was just asking me questions from that exact same quote form.

 

[tomm1]

@painkiller How many drivers, how many vehicles, any youthful operators?

Most importantly, you're kind of glossing over the uninsured/underinsured question. That could potentially be 30-50% of that premium.

 

[resjudicata]

@painkiller Geico only writes auto policies. If you get a home or other policy thru them, it's managed by someone else. IIRC IF you bought a homeowners policy thru Geico, and file a claim, nobody from Geico will call you, someone from travelers or liberty mutual will call you

 

[wiggo]

@painkiller

RLI

how's RLI throught geico? any good/bad?

 

[elizar123]

@painkiller I'd be willing to bet a dollar that she was quoting you with excess uninsured motorist. I sell RLI, and if you have a clean record, it shouldn't be more than $200.

 

[painkiller]

@elizar123 Thanks. I don't think it includes excess UIM. Here's exactly what my RLI quote says:

$1 Million	$406	$0	$406
$2 Million	$739	$0	$739
$3 Million	$988	$0	$988
$5 Million	$1,300	$0	$1,300

Limit
Policy Premium
UM/UIM
Total Annual Premium

Quotation is based on the following information:

1 = Vehicles

0 = Residential Properties

0 = Watercraft (other than Personal Watercraft)

0 = Personal Watercraft

1 = Drivers

0 = Inexperienced Drivers

0 = Drivers age 70 and older

0 = Violations

0 = At-Fault accidents

0 = Antique vehicles

0 = Drivers licensed < 1 year or non-U.S. license

0 = DUI/DWI

0 = Acres

0 = Properties outside U.S.

0 = Drivers age 21 and under and/or 80 and over with incident

No = Drivers over age 80

No = Uninsured/Underinsured Motorists Coverage

 

[elizar123]

@painkiller Well, color me surprised! Damn. I've never seen that before. I suppose the best would be to keep shopping, that seems really high.

 

[cbdbrian]

@painkiller One thing you didn't mention is your driving record. Tickets and accidents make you a higher risk, and will (dramatically) impact your cost.

 

[painkiller]

@cbdbrian Updated original post which includes my driving history, etc.

 

[cbdbrian]

@painkiller Yup, in my experience with USAA, insanely high. I'd expect about $150 or so.

 

[nataliewei]

@cbdbrian

USAA

whom did you go with for Umbrella?