Car Insurance

GEICO Car Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 5 minute read

GEICO Car Insurance is well-known in the United States for a reason: it offers motorists competitive rates, superior customer service, and a comprehensive array of coverage options. Below is our GEICO Car Insurance review, it might be a big help.

GEICO Pros and Cons

Pros

GEICO Car Insurance Review - GEICO Insurance Company Logo
  • According to AM Best, the company is financially solid.
  • Accessibility varies significantly.
  • One way to save money is to aggregate discounts for many lines and apply them simultaneously.

Cons

  • Although GEICO offers affordable auto insurance, for individuals who qualify, USAA’s premiums may be lower than GEICO’s.

GEICO Car Insurance reviews

GEICO was started in 1936 and has grown to become the second biggest insurer in the United States. GEICO offers a variety of insurance products, including car and motorcycle insurance.

Despite the attention it receives as a result of its low-cost auto insurance, GEICO does not treat its customers as second-class people. We’ll discuss GEICO in further detail in our examination of vehicle insurance coverage in 2021.

  • Claims satisfactionJ.D. Power rates GEICO’s total claim satisfaction as “average.”
  • Customer satisfaction — GEICO had an average rating in J.D. Power’s 2021 customer satisfaction assessment of insurance firms.
  • Financial strength – Policyholders should not worry about GEICO’s capacity to pay claims, since the company is highly rated by AM Best.
  • NAIC Rating – The NAIC assigns a complaint rating based on all consumer complaints submitted throughout time. GEICO was in the middle of the pack on this metric.

GEICO insurance is available in all 50 states and the District of Columbia.

GEICO car insurance coverage options

GEICO provides all the information you need to know about auto insurance.

  • Liability coverage
  • Property damage
  • Collision coverage
  • Comprehensive coverage

Check out a few of the noteworthy features of GEICO’s auto insurance.

Emergency road service

Roadside assistance from GEICO is a viable choice if you have the provider’s comprehensive insurance. Your plan includes the following benefits:

  • Jumpstarts for dead batteries
  • Labor to change a tire
  • Lockout services

Rental reimbursement. 

Additional coverage compensates you if your car is rendered immobile as a consequence of one of your policy’s covered claims. GEICO covers only “covered claims,” which means that routine wear and tear or technological difficulties are not covered. Your insurance provider will cover the cost of a rental car for the stipulated number of days under your coverage.

Mechanical breakdown insurance.

GEICO is one of the few automobile insurers that provide mechanical breakdown coverage (MBI). While standard auto insurance plans do not cover a wide variety of potential technical difficulties with your vehicle, this extended warranty does. This amount does not include damage resulting from a vehicle accident. MBI is subject to a deductible.

Accident forgiveness

Accident Forgiveness is an optional insurance benefit offered by GEICO. If you cause your first accident, your insurance prices will not increase. According to the policy’s unique accident forgiveness program, you may only use the GEICO accident forgiveness program once throughout the length of coverage.

GEICO rideshare insurance

GEICO is a wonderful alternative for folks who work for Uber or Lyft and require auto insurance.

Additionally, GEICO insures the following rideshare companies:

  • Amazon Flex
  • Grubhub
  • DoorDash
  • Instacart
  • Postmates
  • Uber Eats

GEICO car insurance discounts and reward programs

Discounts based on the vehicle:

  • Airbags: 25-40% savings
  • Anti-lock brakes: 5%
  • Anti-theft system: 25%
  • Daytime running lights: 1%

Discounts based on the driver

  • Good driver. Drivers with a three-year clean driving record are entitled for up to a 26 percent discount on their auto insurance.
  • The use of a seatbelt is strongly advised. If you have medical or personal injury insurance, you will receive a 15% discount. If you and your passengers adhere to the seat belt policy, you and your passengers may save up to 15% on your ticket.
  • You’re performing admirably at school. You or your student must maintain a “B” average to qualify, and you may save up to 15% on tuition.
  • Driving instruction course. After successfully completing a driver education course, you may be eligible for a discount on new driver insurance.
  • Maintaining a safe driving style while avoiding crashes. Defensive driving classes may qualify you for a discount on your auto insurance, depending on your state’s regulations.
  • Mobilization is important in the event of an emergency. Individuals who are currently serving in the military and are on active duty may qualify for a 25% reduction on their whole automobile insurance policy.
  • Members and staff receive discounts. Due to the company’s relationships with several businesses and membership organizations, you may be eligible for a discount. On the other hand, alumni groups are composed of former members of professions such as law enforcement and fire.
  • Military members in active service receive discounts. GEICO offers up to a 15% discount on insurance coverage for military and veteran members and their families.
  • Federal government employees are entitled for a discount. GEICO offers an eagle discount of 8% on insurance rates to current and former government employees. To be qualified, you must be a GS-7 or above. Each state has something comparable.

Discounts for bundling or insuring multiple cars

  • Multi-policy discount. By bundling different GEICO products, such as auto and house insurance, you may be able to save money. Bundling insurance plans can result in significant savings. GEICO offers a diverse range of insurance products, including house and vehicle insurance, as well as coverage for renters and condominium owners. Not only can bundling insurance save money, but it also simplifies the administrative procedure. In certain situations, combining your auto and home insurance policies may result in cheaper monthly premiums. Consult an insurance professional to learn whether you may obtain coverage for all of your insurance needs from the same carrier.
  • Discount for several vehicles. If you insure several vehicles with GEICO, you may qualify for a 25% discount on your total coverage.

 

GEICO telematics and mobile app

 

GEICO DriveEasy

Varies. DriveEasy analyzes your driving actions and assigns you a driving score using GEICO telematics. After being downloaded and installed on your smartphone, the mobile app records your actions in order to assist you in becoming a more skilled, careful, and aware driver. It’s a better alternative for teens and other inexperienced drivers in the family than a normal car.

  • Senior driver discount. Insurance premiums can be reduced for drivers over the age of 50 who are accident-free and do not cover any drivers under the age of 25.

Where is GEICO auto insurance cheapest?

The following ten states have the lowest GEICO auto insurance rates:

  • Wisconsin. $45
  • Arizona. $55
  • New Hampshire. $59
  • Ohio. $62
  • Iowa. $67
  • Utah. $68
  • Maine. $69
  • North Carolina. $71
  • Colorado. $72
  • Illinois. $72
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