Doesn’t sound like they want to be in a state going down the drain anymore.
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A GEICO spokesperson would not comment on the new changes but said the company was not leaving California. “We continue to write policies in California, and we remain available through our direct channels for the more than 2.18 million California customers presently insured with us,” the company said in an unsigned emailed statement to The Sacramento Bee. The changes leave online options through a computer or a mobile device as the only way to obtain a GEICO policy in California.
*continues* If they were really leaving, Serafin, they'd've closed the policies and told their customers to find another broker.
They didn't do that.
I use Geico for car insurance and I’ve literally never been to or seen an actual Geico office. Everything is handled over the phone or online.
Well, they haven't done that yet...You watch they will begin to not take more policies that state and slowly close down the accounts they have now.
You close stores like that because you are losing money and it’s not become profitableWell, they haven't done that yet...
Or because its' easier to sell over the phone and online than it is to have physical offices.You close stores like that because you are losing money and it’s not become profitable
Or because its' easier to sell over the phone and online than it is to have physical offices.
However, Steve Young, a lawyer for Independent Insurance Agents & Brokers of California, said the state's regulations have made it increasingly difficult for insurance companies to do business in the state.
"There's a very complicated insurance rating law that is in effect here, that makes it very difficult for insurers to have confidence that they can get the rate that they need from an actuarial perspective to ride these risks going forward," Young said.
See, @WHO IS SERAFIN, they're still doing business in California, just not w/physical offices.They closed their offices because of strict regulations. They're still doing business online.
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GEICO abruptly closes offices across California
According to the California Department of Insurance, GEICO closed all of its brick and mortar stores and continues to sell insurance policies onlinewww.abc10.com
See, @WHO IS SERAFIN, they're still doing business in California, just not w/physical offices.
If that was the case GEICO would've just stopped doing business altogether there.Exactly what you do when profits are down.
They closed their offices because of strict regulations. They're still doing business online.
![]()
GEICO abruptly closes offices across California
According to the California Department of Insurance, GEICO closed all of its brick and mortar stores and continues to sell insurance policies onlinewww.abc10.com
If that was the case GEICO would've just stopped doing business altogether there.
They didn't; they just stopped doing business through physical offices.
And nowhere does it say they did that, Serafin.They can’t just cancel several million policies, they will just faze them out over the years.
And nowhere does it say they did that, Serafin.
Waste of time. I got in an accident, filed the claim and it was all handled from my iPhone.I guess I’m a bit more old fashioned in this regard I prefer to go to offices with these kinds of things.