GEICO is the latest car insurance company to ask state to approve huge rate hike

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The insurance company notified policyholders its asking for the increase.

for its policies, according to a letter sent by the company to its customers.

“Under the proposed filing, the average liability-only policy will see a rate change of 18.7%,” according to the letter. “The average Full Coverage policy will see a rate change of 26.3%.” If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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