No. of Recommendations: 16
My simple summary is that Geico has changed very little when it comes to paying (or denying) claims. 35% in 2015, 37% in 2025 denied. The big boys in the game appear to have a larger denial percentage as well as a broader jump over this period.
Would like comment from others, if they read this differently.
No but your summary (for non-subscribers) leaves out the difference in the numbers presented, which is HUGE.
Liberty Bibberty went from 29% to 54% in the past 10 years.
State Farm from 26% to 47% in a slightly shorter period.
Progressive from 35% to 46% in half that.
However GEICO’s small increase was only shown over a couple years, and we don’t know anything about it from about 2018 forward. (It’s a very rough graph, so all approximations are, uh, approximate.)
Anyway to me those are astonishingly high numbers. And here’s the really scary part:
The near flip-of-a-coin chance of being left empty-handed on liability and medical claims, and the yearslong trend toward relatively fewer payouts, mirrors what’s happening to homeowners and their insurance coverage, the Journal previously reported.
