Geico Car Insurance Review 2024

Forbes Advisor included Geico in our list of best car insurance companies. See how their costs compare to other companies:

Geico Car Insurance Cost Comparison for Good Drivers

Geico has fairly low car insurance costs for good drivers compared to top competitors. Geico’s national average rate for good drivers is decently below the national average of $2,026 per year among the companies we analyzed.

Geico Car Insurance Cost Comparison for Drivers With a Speeding Ticket

Geico offers competitive rates for drivers with a speeding ticket on their records. The average Geico car insurance cost for drivers with a speeding ticket is around $400 a year below the national average of $2,533 a year.

Geico Car Insurance Cost Comparison for Drivers Who Caused an Accident With Injury

Geico auto insurance rates are generally good for drivers who caused an accident with an injury to someone else, compared to the national average of $3,009 per year. If you’ve caused an accident it’s smart to compare car insurance quotes because of the wide variation in rates among companies.

Geico Car Insurance Cost Comparison for Drivers With a DUI

Geico has higher than average auto insurance rates for drivers with a DUI. The national average car insurance cost for drivers with a DUI is $3,363 a year and Geico’s average price comes to $360 above that.

Geico Car Insurance Cost Comparison for Drivers With Poor Credit

Geico has reasonable auto insurance rates for drivers with poor credit compared to the competitors we analyzed.

Insurance companies say that a person’s credit correlates with the chances that person will make an insurance claim in the future. This correlation leads to higher insurance rates. California, Hawaii, Massachusetts and Michigan ban insurance companies from using credit history as a factor when setting auto rates. But in other states, poor credit can cause higher rates than even causing a car accident.

Geico Car Insurance Cost Comparison for Adding a Teen Driver

Geico’s auto insurance cost to add a teen driver average is about $400 below the average, at $1,982 a year.

Adding a teen to your car insurance is pricey. Parents can easily pay more than $2,000 a year to add a 16-year-old driver to their insurance. Our analysis found that the national average extra cost for adding a teen driver is $2,359 a year.

Geico Car Insurance Cost Comparison for Young Drivers Ages 18 to 25

Geico car insurance prices are fairly affordable for drivers between ages 18 and 25. Its cost is over $700 below the national average of $3,113 a year.

The costs below are for young drivers on their own auto insurance policies. Typically you can get much better insurance rates by keeping a young driver on a parent’s policy for as long as possible.

Geico Car Insurance Cost Comparison for Senior Drivers ages 65 to 80

Senior drivers might benefit from switching to Geico thanks to its reasonable rates for drivers ages 65 to 80. The national average is $2,150 a year for seniors, based on our analysis of large insurers. Geico comes in about $350 below the average.

Related: State Farm Vs Geico Car Insurance

Geico has a low level of auto insurance complaints based on complaints made to state insurance departments across the country. Geico complaints are slightly higher than those of some competitors but are still below the industry average.

Geico’s top auto insurance complaints are related to claim delays, unsatisfactory claim settlement offers and claim denials.

In a survey of collision repair professionals by CRASH Network, Geico earned a C- grade.

The opinions of auto body repair professionals are valuable because they have an insiders’ view of insurance companies’ use of lower-quality repair parts, whether insurers encourage the use of proper repair procedures, and whether car insurance companies have rapid and satisfactory claims processes for customers.

Yes, Geico offers accident forgiveness insurance. Geico’s optional Accident Forgiveness coverage means rates won’t increase after your first at-fault accident. The insurer’s forgiveness program is connected to your vehicle’s policy, so it applies to any eligible driver on your policy.

Geico offers free accident forgiveness after you are accident-free for at least five years.

No, Geico doesn’t have new car replacement coverage. Other insurers with new car replacement coverage replace a vehicle with the same make and model if it’s totaled within two model years.

Related: Geico Vs Progressive Car Insurance

No, Geico doesn’t offer loan/lease or gap insurance. Gap insurance coverage helps if your vehicle gets totaled but you owe more on the car loan or lease than the car was worth.

No, Geico doesn’t offer a diminishing deductible option. Some insurance companies offer a diminishing deductible if drivers don’t get into at-fault accidents or receive tickets for a period of time.

Yes, Geico provides SR-22 insurance. An SR-22 is required in most states if a state views you as a risky driver. For instance, drivers with DUI convictions or who drove with suspended licenses might be required to get SR-22s. The SR-22 from the insurance company confirms that you carry car insurance coverage.

Yes, Geico has a usage-based insurance program called DriveEasy. DriveEasy includes an app that tracks your driving habits. Geico evaluates the driving data and adjusts the premium based on your driving. DriveEasy might lead to lower insurance rates, but Geico says riskier drivers could pay more based on their DriveEasy data.

No, Geico doesn’t provide a pay-per-mile car insurance option. Other insurance companies have pay-per-mile coverage, which includes a base insurance premium plus a per-mile rate. These kinds of policies are meant for drivers who don’t use their cars often.

No, Geico doesn’t offer a rideshare insurance option. Rideshare drivers often need rideshare insurance to help fill gaps in coverage between their personal auto insurance policies and the insurance provided by the rideshare company.

Geice sells car insurance for a number of different kinds of vehicles: cars, motorcycles, classic cars, recreational vehicles (RVs), all terrain vehicles (ATVs) and boats.

Emergency road service, rental car reimbursement and mechanical breakdown insurance are available as optional insurance coverages with Geico-insured vehicles.

Travelers driving to Mexico will have to purchase a separate car insurance policy for their time in Mexico. Daily policies, 6-month policies and annual Mexican auto policies are all available from Geico.

Geico offers a wide array of auto insurance discounts for its customers. Geico offers accident-free discounts, good student discounts and new vehicle discounts and more. Discount availability can vary by state.

• Accident-free good driver discount. If you’ve had an accident-free driving record for five years, you may earn a good driver discount of as much as 22%.
• Airbag discount. Save as much as 23% on your car insurance if your car or truck has airbags.
• Anti-lock brakes discount. Receive a 5% discount for having anti-lock brakes on your car.
• Anti-theft system discount. Got a car with a built-in anti-theft system? You’ll save as much as 23% on your car insurance with Geico.
• Automatic payments (E-banking). If you can’t pay in full but enroll in automatic payments and paperless billing you can receive a discount.
• Daytime running headlights discount. If your car or truck has daytime running lights as part of its standard equipment, you could get a discount of 3%.
• Defensive driving discount. When you complete a defensive driving course, you might qualify for an auto insurance discount from Geico.
• Driver’s education course discount. If a young driver completes a driver’s ed class, you may get a discount on your car insurance.
• Good student discount. Full-time students who maintain a “B” average or better can save as much as 15%.
• Homeownership. For customers who own their primary residence.
• Membership and employee groups discount. You could get an additional discount from Geico for being a member of any of more than 500 groups and organizations.
• Military discount. Retired military, active military members and members of the National Guard can save as much as 15%.
• Multi-policy discount. When you have your car insured by Geico and you also have homeowners, renters, condo or mobile home coverage with Geico, you may qualify for a discount.
• Multi-vehicle discount. When you insure two or more cars with Geico, you could be eligible for up to 25% off.
• New vehicle discount. If a car or truck is three years old or newer, you could save as much as 15% on Geico car insurance.
• Paid in full. If you pay the full premium amount upfront you receive a discount.
• Student away discount. Parents can get a discount for a student who is away at school more than 100 miles away from home without a vehicle and who doesn’t come home and drive the car more than one weekend per month.

Related: Cheap car insurance of 2024

Geico itself does not underwrite home insurance, but the Geico Insurance Agency sells homeowners, condo, mobile home and renters insurance. Other coverage types include flood insurance, jewelry insurance and identity protection insurance.

In addition to home and auto insurance policies, Geico sells other coverage to protect you from financial loss. If you are in the health care or wellness industry, the Geico Insurance Agency sells medical malpractice insurance to help defend you in case of a medical malpractice lawsuit.

If you enjoy packing your bags and traveling around the world, the Geico Insurance Agency sells travel insurance. This coverage can help cover expenses caused by problems like missed connections, flight delays and lost luggage.

Other policies sold by Geico include business insurance and pet insurance.

Geico’s mobile app provides a way to manage your insurance policies. Features include:

• Bill pay
• Alerts and reminders for your policy
• Digital ID cards
• Ability to upload damage photos
• Access claim estimates
• Request roadside assistance
• Connect with an insurance agent
• Discover other insurance products that fit your needs

Geico began as an auto insurance company for U.S. government employees and military personnel. In fact, the name Geico comes from the name Government Employees Insurance Co.

During the Great Depression, husband and wife team Leo and Lillian Goodwin saw an opportunity to create an auto insurance company by marketing to specific targeted groups. In 1936, they established the Government Employees Insurance Co. (Geico). Initially, the Goodwins marketed to U.S. government employees and military personnel.

Today, Geico has a wide range of customers beyond the government sector, making Geico the second-largest private passenger auto insurance company in the country. As a subsidiary of Berkshire Hathaway, Geico has over 18 million auto insurance policies and insures over 30 million vehicles across the nation.

What States Does Geico Car Insurance Operate In?

Geico car insurance is available in all 50 states and Washington, D.C.

To identify the best car insurance we evaluated each company on its auto insurance rates, the coverage options offered, complaints against the company and its collision repair process.

Auto insurance rates (50% of score): We used data from Quadrant Information Services to find average rates from each company for good drivers, drivers who have caused an accident, drivers with a speeding ticket, drivers with a DUI, drivers with poor credit, drivers caught without insurance, adding a teen driver, senior drivers and young drivers.

Unless otherwise noted, rates are based on a 40-year-old female driver with a Toyota RAV4 and coverage of:

• $100,000 for injuries to one person, $300,000 for injuries per accident and $100,000 of property damage (known as 100/300/100).
• Uninsured motorist coverage of 100/300.
• Collision and comprehensive insurance with a $500 deductible.

Car insurance coverage options (25% of score): Any auto insurance company can provide the basics of liability insurance, collision and comprehensive coverage and other standard offerings. But it’s also important to have access to additional coverage types that can provide greater protection or cost savings. In this category we gave points to companies that offer accident forgiveness, new car replacement, vanishing deductibles, usage-based or pay-per-mile insurance and SR-22s.

Complaints (20% of score): We used complaint data from the National Association of Insurance Commissioners. Each state’s department of insurance is in charge of logging and monitoring complaints against the companies that operate in their states. Most auto insurance complaints center on claims, including unsatisfactory settlements, delays and denials. The industry complaint average is 1.00, so companies with a ratio below 1.00 have lower levels of complaints.

Collision repair (5% of score): We incorporated grades of insurance companies from collision repair professionals. We used data provided by CRASH Network, a weekly newsletter covering the collision repair and auto insurance market segments. CRASH Network’s Insurer Report Card used grades from more than 1,000 collision repair professionals to gauge auto insurers on the quality of their collision claims service.