2/7/2023
Along with health and home insurance, car insurance is one of the most important insurance policies you will have.
If you still don't know what Geico offers in terms of auto insurance, the coverages, prices and quotes, in this post we will answer any questions you may have about what this famous insurance company offers in the United States.
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How good is Geico car insurance?
We can say that Geico is a good insurance company for most drivers and has been ranked as one of the cheapest in the United States.
In addition, the level of customer satisfaction indicates that customers tend to recommend it, which complements the fact that it offers you very affordable premiums.
Thanks to its competitive rates, many drivers can save with this company if you don't qualify for a policy with other insurers such as Progressive or State Farm.
People most favored by Geico's coverages are young people and those with low FICO credit scores, but not so much the bad drivers, who have to pay high premiums.
What kind of coverages does Geico offer?
When you choose Geico, you know you're going to find a number of options for insuring your vehicle. Like its competitors, this company offers basic coverage, good rates and a number of additional services to give you more convenience.
In terms of what is available to you, they have policies that you may or may not need:
- Medical expenses
- Collision protection
- Comprehensive coverage
- Third-party liability
- Mechanical breakdown
- Rideshare insurance
- Uninsured/Underinsured Motorist
- Reimbursement for rental car in repair
- Emergency roadside service via your app and phone
How much does Geico car insurance cost?
Regardless of your current driving record or where you reside, you can save money by taking out a Geico policy.
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On average, you'll spend about $1,200 per year, the second-lowest price in the U.S. behind USAA. Compared to the national average of $1,420, Geico's rating is 15% cheaper.
Depending on factors such as age, gender, your credit score or driving record, rates can vary. Here are some examples for specific cases for your reference:
17-year-old driver
| Between $3,100 and $3,600 per year.
|
25-year-old driver
| Between $1,300 and $1,600 per year.
|
60-year-old driver
| Between $1,100 and $1,200 per year.
|
Driver with low credit score
| Around $1,900 per year.
|
Good driver
| Around $1,000 per year.
|
In the event that you cause an accident for which you are responsible, receive a drunk driving ticket or speeding ticket, your insurance premium will likely go up at the next renewal.
Geico Car Insurance Discounts
Similar to other insurers, Geico offers you the most frequent discounts in the industry. This translates into discounts for multi-coverage, multi-vehicle, security and anti-theft equipment, safe driver, good driving record, employees and more.
In order for you to be aware of these discounts, we leave you a list:
- Multi-vehicle: up to 25% less on most coverages.
- Teachers: members of some educational associations can get a discount.
- Students: up to 15% on certain coverages for dedicated students with good grades.
- Defensive driving course: discounts are available for youth and adults who complete this type of instruction.
- Student away from home/stored car: potential rebates are available for students who do not use their car when living on campus.
- Good driver/clean record: You get up to 22% on most coverages after 5 accident-free years.
- Loyal customer: you can save a little more when you add auto coverage to other policies you have with this company.
- Tracking program: DriveEasy's optional service uses your cell phone to analyze your driving, which can result in a discount.
- Military and veterans: Active or retired members of the Armed Forces can receive up to 15% on some coverages. They are also eligible for a 25% discount when they have an emergency deployment in certain areas.
Geico Car Insurance Customer Reviews
While most customers who have purchased car insurance with Geico are satisfied, there are several who have expressed dissatisfaction. Some of them have had problems with complaint resolution, while others have been dissatisfied with the rate increase.
While this happens with all insurers, in addition to the fact that they tend to give their opinion more dissatisfied customers than satisfied ones, we leave you some of their opinions:
- "Very expensive. They start with a reasonable price but then it escalates very quickly."
- "My daughter also had Geico and when she had an accident they no longer wanted to have her as a customer."
- "Their coverage has gotten more expensive over the last few years, but I have a near flawless record. I'd like to check out other companies to see if I'm getting the best for my money."
On the review website Trustpilot they give Geico a rating of 2.3 out of 5, although there are few reviews, while on Consumer Affairs the insurer receives an average rating of 3.6 out of 5, with a higher number of reviews, giving the score more credibility.
Español: Seguros de carro Geico, precios y coberturas