GEICO makes insurance news by decreasing some Maryland rates

Geico auto Insurance

Drivers in the state may soon see more attractive business car coverage rates. GEICO (Government Employees Insurance Company) has just announced that commercial auto insurance policyholders in Maryland may soon be seeing much more favorable premiums and larger savings as the insurer changes its rating structure. According to the regional vice president of Mid-Atlantic operations at GEICO, John Izzo, “As the largest insurer of personal autos in Maryland, GEICO already has a strong presence in the state.” He went on to explain that “In 2011 we implemented a new rating…

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A bad credit score can mean costly insurance rates

Insurance and credit

Drivers with bad credit have always had a problem obtaining affordable car insurance. Few insurance companies would deny offering coverage to such drivers, but the policies available tend to be pricey. Between insurance premiums and deductibles, some of the cheapest policies drivers with bad credit can get will cost them more than $300 every month. GEICO and Farmers are two insurers looking to ease the stress of the issue by offering plans tailored for motorists with bad credit. Credit score plays a vital yet little known role in how insurance…

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