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GEICO Car Insurance Reviews
You may recognize GEICO from advertisements featuring cavemen and geckos, but this company is so much more than just witty ads; it’s a perfect auto insurer.
About GEICO
The Government Employees Insurance Company, known as GEICO, is an American auto insurance company located in Chevy Chase, Maryland.
GEICO was founded 86 years ago in 1936, and it is the second-largest auto insurer company in the United States. GEICO is ranked second in the United States for customer and claims satisfaction.
The average GEICO auto insurance costs
This company offers the second cheapest rates. GEICO’s average auto insurance cost is approximately $94 a month for minimum coverage or $1,128 annually. However, many factors affect your insurance rate:
- Age
If you’re a new driver under 25 years old, your insurance will cost more than your parents. Because generally, young drivers are inexperienced, and the risk of crashing the car is higher in teens. - Gender
The FSCO (Financial Services Commission of Ontario) that the sex of a driver is a variable in how insurance companies determine car insurance rates. Statistically, women get into fewer or less severe accidents than men, and young male drivers pay more insurance than young female drivers. - Vehicle Model
The model of the car you want to buy insurance for influences your insurance rates. For example, sports cars have high insurance rates, because naturally, it costs more to repair or replace. Also, if your car has built-in security features like anti-theft devices, you may qualify for a discount on your car insurance. - Marital Status
Whether you’re married or not impacts your insurance fee. Research has proved that marriage drivers file fewer auto claims; therefore, insurance companies lower the married driver’s fee. - Location & Parking Spot
Your car insurance may cost more if you live somewhere where the chances of vandalism, accident, or theft are higher, like in urban areas. The climate of the place you live (like if the risk of hail and ice storms is high or not), how much car repair costs in the area you live in, and how much auto insurance fraud occurs affect your insurance.Your parking spot impacts your insurance fee too. For example, if you park your car in your garage, the chances of vandalism, theft, or other harm to your car decreases; therefore, your insurance fee lowers. - Mileage
The more you drive your car, the chances of having an accident are higher. So, you have to pay more for your insurance and vice versa.
Coverages
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collision
Repair or replace your car is covered if damaged in an accident with another vehicle or object, such as a tree.
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Comprehensive
It covers replacing or repairing your vehicle financially if it is stolen or damaged in an incident that’s not a collision.
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Uninsured/Underinsured motorist
If you had an accident and the other driver did not have insurance, your own insurance company will cover you.
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Property damage liability
If a collision you are at fault, this insurance covers injury, death, and property damage. (Most states mandate this coverage)
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Personal injury protection (PIP)
The healthcare expenses associated with a car accident for both injured policyholders and passengers are covered, even if some do not have health insurance.
Add-on Coverages:
- Accident forgiveness
- Bodily injury liability
- Rental reimbursement
- Emergency roadside service
- Mechanical breakdown insurance
Review
Reviews.com Score: 4.8
AM Best: A++
J.D. Power: 828*
States served: 50 + D.C.
PROS:
- Available across the nation.
- High rankings for customer service.
- Variety of discounts.
- Highly rated mobile app.
CONS:
- Not best for high-risk drivers.
- Below average claims satisfaction in some regions.
- Few add-ons coverage options.
GEICO is a good car insurance company for all kinds of drivers. Geico is one of the cheapest car insurers in the U.S. and is ranked second most affordable car insurance company, and it manages to keep premiums low while offering good customer service.
According to a geico.com review, GEICO received 4.5 stars, and 88% of reviewers would recommend GEICO insurance to a friend.
