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GEICO agreed to pay $19.1 million as part of a class action settlement to resolve allegations it failed to pay sales tax when paying out total loss claims.ย
The settlement benefits class members who were insured under California auto insurance policy through GEICO and were not paid either sales tax or regulatory fees on a claim submitted between June 27, 2015 (GEICO General), Oct. 23, 2016 (GEICO Indemnity), or June 30, 2017 (GEICO Casualty or Government Employees Insurance Company), through Aug. 27, 2020.
GEICO is an insurance company that offers automotive, homeowners, renters, motorcycle, boat and other insurance products. According to a class action lawsuit, GEICO fails to pay full total loss claims to automotive consumers.
When consumers get into a car accident, their vehicle may be declared a total loss if the damage to the vehicle eclipses the value of the car. In these cases, GEICO may pay a total loss claim for the actual cash value of the vehicle.ย
However, according to plaintiffs in the case, GEICO fails to include sales tax and regulatory fees in these payments.
The GEICO class action lawsuit argues these payments violated both the companyโs insurance policies and California state law. GEICO refutes these claims, arguing it complied with all applicable laws and regulations.
GEICO hasnโt admitted any wrongdoing but agreed to resolve these allegations with a $19.1 million class action settlement. GEICO agreed to a similar settlement with Florida policyholders.
Under the terms of the GEICO settlement, class members can receive a payment for unpaid regulatory fees of $6.88 and unpaid sales tax of 7.25% plus local sales tax.
According to the settlement website, average payment amounts are calculated to be $2,051.98. However, individual payments may be higher or lower.
GEICO will also change its business practices to begin prorating regulatory fees on total loss claim payments. This will ensure future payments include fees and other expenses are included in total loss payments according to applicable regulations.
The deadline for exclusion and objection is Oct. 27, 2022.ย
The final approval hearing for the GEICO settlement is scheduled for Dec. 15, 2022.
In order to receive a payment from the settlement, class members must submit a valid claim form by Nov. 11, 2022.
Whoโs Eligible
The settlement benefits class members who were insured under California auto insurance policy through GEICO and were not paid either sales tax or regulatory fees on a claim submitted between June 27, 2015 (GEICO General), Oct. 23, 2016 (GEICO Indemnity), or June 30, 2017 (GEICO Casualty or Government Employees Insurance Company), through Aug. 27, 2020.
Potential Award
Varies
Proof of Purchase
No proof of purchase applicable
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If youโre unsure if you qualify, please read the FAQ section of the Settlement Administratorโs website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you donโt qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
11/11/2022
Case Name
In re: GEICO General Insurance Co., Case No. 4:19-cv-03768-HSG, in the U.S. District Court Northern District of California, Oakland Division
Perez v. GEICO Indemnity Co., Case No.4:20-cv-07436, in the U.S. District Court Northern District of California, Oakland Division
Final Hearing
12/15/2022
Settlement Website
Claims Administrator
CA Total Loss Class Action Settlement Administrator
P.O. Box 8060
San Rafael, CA 94912-8060
844-494-0263
Class Counsel
Jacob Phillips
NORMAND PLLC
Scott Edelsberg
EDELSBERG LAW PA
Annick M Persinger
TYCKO & ZAVAREEI LLP
Andrew John Shamis
SHAMIS & GENTILE PA
Joshua A Fields
KIRTLAND & PACKARD LLP
Defense Counsel
Kymberly Kochis
Alexander Fuchs
Ian S Shelton
EVERSHEDS SUTHERLAND LLP
Joseph R Ashby
SERGENIAN ASHBY LLP
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203 thoughts onGEICO California total loss sales tax, fees $19.1M class action settlement
May I have the info please I am do upset I been asking and emailing these people how sad.
Im sorry I was unable to include everyone that had their award stolen, i could only include those that responded with their full name. FINALLY an agency picked it up and is investigating it. after all the complaints filed and responses that required, someone took an interest.
May I have the info please I am do upset I been asking and emailing these people how sad.
everyone that got their large check ripped off, reach out to me im fighting to get it paid. i need your info to include in my application for reimbursement by their insurance . high main LLC @ gmail. com. put it together and contact me
I FOUND PROOF IN AN EMAIL FROM ANNICK PERSINGER THAT THIS THEFT WAS PREPLANNED AND CONSPIRED. SHE ADMITS THAT IF A VALID CLAIM WAS SUBMITTED IโLL RECEIVE โONEโ. ONE WHAT? ITS SUPPOSED TO BE TWO. THIS EMAIL WAS IN DEC 22. HOW DID SHE KNOW I WAS GOING TO GET ONLY โONEโ PAYMENT?