Our Geico Auto Insurance Review For 2022Read our full Geico car insurance review to find out if this is the right insurance company for you.
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Geico auto insurance is a popular insurance provider in the U.S. They are the second-largest auto insurance company in the country.
This insurance company serves over 16 million customers nationwide and provides cover for 24 million vehicles.
Their insurance policies are available in all 50 U.S. states and provide members with affordable car insurance options.
There are several Geico auto insurance discounts, which make it an attractive option if you qualify for any of their discounts.
Is Geico a Good Auto Insurance Company?
If you’re looking for a car insurance company, it’s quite possible that Geico would be a good option for you.
Their auto insurance policies are more affordable than most providers, and it has good customer reviews.
Geico insurance agency specialisies in providing car insurance as well as homeowners, renters, boat and jewellry insurance.
Many car insurance companies rely on agents to sell their policies to customers. But Geico is different. They sell their insurance policies to people directly online.
You can get a quote and buy an insurance policy online without making a phone call.
Here is what Geico’s insurance quote finder on their website looks like:
If you prefer to speak to a customer support agent to get help, you can also reach Geico by phone, email, or through their mobile app.
The Geico app is one of the best apps available and has won many awards.
You can download the app from the Google Play Store or the iTunes App Store.
This is what the Geico app looks like:
Geico customers can use the app to access their car insurance card, contact roadside assistance, get estimates for repairs, and view their car’s maintenance history.
Geico customers can either use their app to file auto insurance claims, give them a call at 800-841-3000, or visit the claims section on their website.
Once a car insurance claim has been approved, Geico will mail a check directly to your home address, usually within 48 hours of approval, which is quite fast.
The check customers receive may be minus their deductible.
Terms you need to know -
A deductible is an amount of money that you would pay out of your own pocket toward the repair of your car or for physical injuries.
This amount is deducted from the payout you will receive in the mail.
Customer loyalty is about how many auto insurance customers would recommend Geico to people they know who are looking for car insurance.
It’s also about the customer’s willingness to renew their policy each year.
Around 50% of Geico customers say they are happy to renew their insurance policy when it becomes time to do so.
36% of Geico customers say they would recommend this insurance company to other drivers shopping for car insurance.
Added benefits and programs offered by Geico
Geico has many discounts that may be relevant to you depending on how responsibly you drive and the car you drive.
Depending on these two aspects you may be able to get one or more of the following discounts:
Safety equipment: Cars with airbags, anti-lock brakes, daytime running lights, or that have an anti-theft system installed, may qualify you for a discount.
Newer cars: If your car is less than three years old, you may qualify for a Geico discount.
No accidents: Not having an accident for over five years may mean you can get a discount.
Seatbelts: Wearing your seatbelt at all times and using it properly might mean Geico can give you a discount.
Defensive driving course: If you complete a defensive driving course or a driver’s education course for young drivers, you can get a discount on your car insurance.
Good grades: Students who have good grades can get discounts on their insurance policy, even if they aren’t the main driver on your policy.
Emergency deployment: If you serve in the U.S. military and you participate in an emergency deployment, you may get a discount.
Retired members: Retired military service members and members of the National Guard or Reserves qualify for a discount. There is also a retired federal employee discount.
Bundle insurance: If you’ve insured more than one car with Geico or if you also have homeowners insurance with them, you can get a discount.
What Types of Auto Insurance Does Geico Offer?
There are many different types of car insurance available in the U.S. Geico offers most of these types of insurance.
It’s important to know what the following insurance terms mean so that you can understand your Geico auto insurance policy.
Liability coverage is split into two types of insurance:
Bodily injury liability: This insurance pays for medical bills and lost wages of anyone who gets injured as a result of an accident you cause.
Property damage liability: This coverage pays out if you damage someone else’s property, like their car, in an accident you’ve caused.
Most U.S. states require drivers or car owners to have this type of insurance coverage.
Liability coverage helps you to pay for any damage to others’ property, such as their car, surrounding buildings, or injuries because of a car accident.
If you are found to be at fault for an accident—meaning that you’ve caused the accident—liability insurance will pay for any costs associated with the accident. However, be sure to read your policy carefully to know exactly what is and isn’t covered by the insurance you have.
This type of insurance policy pays for any damage to your car that isn’t caused by a car accident.
This damage can be from theft, fire, vandalism, natural disasters such as hail or earthquakes, and collisions with animals such as hitting a deer.
For auto insurance customers, collision coverage pays for any damage to your car, whether you own or rent it.
Collision coverage only pays for repairs to your own vehicle if you have an accident.
Personal injury protection (PIP) or medical payments insurance
When you get into a car accident, you or the other driver may become injured.
This is where personal injury protection (PIP) insurance is valuable. It will cover the medical bills for you and any passengers in your car. It also covers funeral costs.
PIP can also help if you have any loss of income due to injuries from an accident, as well as cover childcare or cleaning services that you need because you are injured.
All of this will depend on what is listed in your insurance policy.
Uninsured or underinsured motorist coverage
Sometimes, other drivers don’t have insurance, or they are underinsured. Uninsured or underinsured motorist coverage protects you in these instances.
In other words, if someone can’t pay for the damage to your car, this type of insurance will cover the bills. It also applies to a hit-and-run.
Uninsured motorists (UM) insurance is required in 20 U.S. states if you own or rent a car. This means that if you live in one of these states, you must have insurance that protects you if you have an accident with another driver who doesn’t have insurance.
Other types of insurance coverage
There are some extra types of auto insurance that Geico offers to its members:
Rental reimbursement: This means you get a rental car if yours is too damaged to drive.
Roadside assistance: This includes help if your car breaks down or needs a tow while on the road.
Original equipment manufacturer (OEM) insurance: This is insurance for newer cars if you want your car to only be repaired with factory-original parts.
Classic car insurance: This is insurance for classic or collectible cars that may need special transport if you have an accident.
Breakdown coverage: Geico offers this as additional coverage if your car has a mechanical breakdown.
The Benefits And Limitations Of Geico Car Insurance
When you compare car insurance companies, it’s a good idea to understand the pros and cons of choosing a particular insurance provider.
✅ Pro: Plenty of discounts
As we mentioned before, Geico offers a range of discounts to its customers. These discounts can reduce your insurance premium.
✅ Pro: A top-rated mobile app
There is a rating system that scores mobile insurance apps in the U.S. called the Keynova Mobile Insurance Scorecard. In the second quarter of 2021, Geico’s app received a high score.
Not only can you file claims and access your digital insurance card on the app, but it also features a robot virtual assistant called Gabby, who you can speak to if you need help.
✅ Pro: Good third-party ratings
Geico has solid third-party ratings. Third-party ratings are scores that are given to insurance providers by AM Best, JD Power, and the Better Business Bureau (BBB) based on their customer service, financial strength, and the complaints they receive.
The insurance company has an A++ rating with a credit rating agency called AM Best. This is the highest possible rating an auto insurance provider can get.
In a study by an organization called JD Power, Geico was ranked 12th out of 25 national insurance companies.
Here is a graph showing where Geico ranks in the 2021 JD Power auto insurance study:
It’s important to know what an insurance provider’s rankings and reviews are because these show what the general customer’s experience with the provider is like.
You want to choose a car insurance company that is known for good customer service.
✅ Pro: Many coverage choices
Geico car insurance has a range of coverage options to choose from, as you may have noticed in the list we provided above.
The variety of coverage available means you can select the plan that suits your auto insurance needs best.
❌ Con: Accident Forgiveness is not available in all states
With many car insurance companies, if you have an accident, your insurance premium will be increased.
However, Geico has something called Accident Forgiveness which protects you from your premium going up if you have an accident.
Many car insurance companies will increase your yearly premium if you cause an accident. But if your policy includes Accident Forgiveness, your premium won’t rise, even if you are found at-fault for an accident.
Unfortunately, Geico’s Accident Forgiveness is unavailable in California, Connecticut, and Massachusetts.
If you live in one of these states, you will not have access to Accident Forgiveness, and your premium may increase if you cause an accident.
❌ Con: Fewer local agents
Because Geico prefers people to use their app and their website to get quotes and assistance online, they have fewer insurance agents available compared to other auto insurance companies.
So, if you need more personalized assistance from an insurance agent, it may be difficult to find one nearby.
❌ Con: They don’t offer gap insurance
Gap insurance is for people who own cars that are financed. This means they have bought their car using a loan that they are paying off.
Gap insurance covers the price of their car and whatever amount they owe on their car loan.
Geico doesn’t offer gap insurance at this time. If you want gap insurance, you will need to get it from another provider.
Geico Auto Insurance Rates
Now that you know more about Geico car insurance and its coverage, you probably want to know what it will cost you to have a policy with this insurance company, especially compared to other insurance providers.
Your car insurance premium will depend on where you live, your age, your gender, and what car you drive, among other particulars.
Take a look at our breakdown below to see what Geico’s insurance policy premiums are.
Geico premiums for teenage drivers
In terms of teenage drivers, Geico auto insurance has the second-lowest premiums. It can be expensive for teen drivers to get auto insurance, but Geico’s rates are up to $2,100 lower compared to other car insurance companies.
US News did a study of Geico’s insurance premiums in 2022, here are the results:
|Car Insurance Provider||17-Year-Old Female||17-Year-Old Male|
Geico premiums for young adult drivers
An auto insurance provider called USAA has the lowest premiums for young adult drivers. Geico has the second lowest premiums for young adult drivers compared to USAA.
Geico’s premiums for young adult drivers are up to 36% cheaper than the national average.
|Car Insurance Provider||25-Year-Old Female||25-Year-Old Male|
Geico premiums for adult drivers
When it comes to car insurance for adult drivers, USAA has the lowest rates, but Geico comes a close second.
Geico auto insurance policies for adult drivers are up to 28% lower than the national average for premiums.
|Car Insurance Provider||35-Year-Old Female||35-Year-Old Male|
Geico premiums for senior drivers
Senior Americans who buy Geico car insurance can save up to 25% on their premiums compared to the national average.
Again, Geico has the second lowest premiums for seniors compared to any other auto insurance company.
|Car Insurance Provider||60-Year-Old Female||60-Year-Old Male|
Geico premiums after a speeding ticket
Getting a speeding ticket can cause your Geico auto insurance premium to increase. This is because car insurance providers view speeding tickets as an indication of risky driving behavior.
Drivers who have received a speeding ticket might get a break if they choose Geico, as the insurer has the third lowest premium after a speeding ticket.
|Car Insurance Provider||Rate After One Speeding Ticket|
Geico premiums after a car accident
Another factor that can cause your car insurance premium to increase is if you have a car accident, especially if you caused the accident.
Being the cause of an accident may mean your driving is risky.
Geico isn’t the cheapest car insurance option if you’ve had an accident, but their premium is about 16% lower than the national average for drivers who have had an accident.
|Car Insurance Provider||Rate After One Accident|
Geico premiums after a DUI
If you have a driving under the influence (DUI) offense on your record, your car insurance premiums will definitely increase.
This is because auto insurance providers view a DUI as very risky behavior. When it comes to Geico’s premiums, their rates are 14% higher than the national average for drivers with a DUI.
|Car Insurance Provider||Rate After One DUI|
Geico premiums for drivers with poor credit
If you have a poor credit record, your insurance premiums might be higher than for drivers who have a good credit record. But, in some states, insurance providers aren’t allowed to use your credit record to determine your premium.
Geico’s premiums for drivers with poor credit are much lower than the national average, making them a good choice if you have a poor credit score.
|Car Insurance Provider||Rate For Poor Credit|
What Is The Cost of Geico Car Insurance?
Most U.S. states have a minimum amount of auto insurance coverage that you must have if you own or rent a car.
This minimum coverage usually includes liability insurance. But in some states, you must also have uninsured motorist insurance and PIP:
Personal injury protection (PIP) pays for any medical bills related to a car accident you are involved in.
Uninsured motorist insurance is coverage for car accidents where the other driver doesn’t have auto insurance.
When you choose a car insurance policy, you can opt to only have coverage for the minimum requirements according to the state you live in.
You can also choose to have higher coverage than what the state requires, which is known as high or maximum coverage.
You may want to choose high or maximum coverage if you want to pay a lower deductible for your insurance claims. Maximum coverage gives you more protection and will save you from paying money out of your pocket toward bills related to a car accident.
How much is the minimum coverage auto insurance with Geico?
Geico has the second lowest minimum coverage premiums in the country. Their premiums for minimum coverage are nearly $400 lower than the national average.
|Car Insurance Provider||Rate for Minimum Coverage|
How much is high coverage auto insurance with Geico?
If you choose to have insurance coverage that is above the minimum amount your state requires, Geico is a good choice, as its premiums are 24% lower than the national average.
High or maximum coverage gives you more protection if you’re in an accident compared to minimum coverage.
|Car Insurance Provider||Rate for High Coverage|
Geico Auto Insurance vs. Their Competitors
Geico is one of the top providers of auto insurance in the country. By comparing them with other leading insurers, you will get a better idea of which insurance company is best for you.
Here we compare the availability and third-party ratings of different insurance providers:
|National Average||Geico Auto Insurance||Nationwide Auto||State Farm||Allstate|
|JD Power Ranking||820||853||787||817||826|
|AM Best Rating||N/A||A++||A+||A++||A+|
|Better Business Bureau (BBB) Rating||B||A+||A+||A||A|
Our Final Verdict On Geico Auto Insurance
Geico car insurance is an affordable choice with a wide variety of auto insurance options to choose from.
Geico may be the right choice for you if you don’t want to deal with insurance agents and would rather handle your car insurance online.
Its app and online platform allow you to easily get quotes and buy policies without having to speak to a representative.
Geico also offers plenty of discounts that you may be eligible for, which would reduce your yearly insurance premium with the company.
Finally, Geico’s customer service rankings are high, meaning that if you choose Geico as your insurance provider, you will likely receive good service from them.
Need Help with Your Auto Insurance?
At PolicyScout, our aim is to provide you with the best auto insurance reviews so that you can make the right decision when it comes to your car insurance.
Visit our website to learn more about auto insurance, reach us directly at 1-888-912-2132, or send an email to Help@PolicyScout.
Frequently Asked Questions (FAQs)
Does Geico charge a cancellation fee?
Geico is one of the few car insurance companies that doesn’t charge a fee if you want to cancel your insurance policy, and there are no cancelation fees.
To cancel your Geico car insurance, you would need to call them at 800-841-1587 to speak with an agent.
Make sure you have all your car insurance information, including your policy number, on hand when you call Geico.
What Is Geico’s claims department number?
You don’t need to phone Geico if you want to file a car insurance claim with them. You can file your claim by visiting their website or by using their mobile app.
However, if you want to speak to a support agent to file your claim, you can do so by calling Geico’s claims department at 800-841-3000. Remember to have your insurance policy details available when you call them.
Does Geico offer gap insurance?
Gap insurance is for people who own new cars bought through financing. This means that someone has paid for their car using a loan.
Gap insurance helps car owners to pay for both their car and the outstanding loan amount if their car gets written off in an accident or is stolen.
Currently, Geico doesn’t offer gap insurance to its customers. If you want gap coverage because you have a car loan, you will need to get it through another insurance provider.
Does Geico cover rental cars?
Geico offers car insurance coverage and provides a rental car if your car breaks down or is in an accident.
If your car is not able to drive, you can get a rental car. But, you must have rental reimbursement coverage on your insurance policy to qualify for a rental car.
Rental reimbursement is an optional type of car insurance, and it may come with daily or per-claim limits.
It’s a good idea to read your insurance policy carefully to check if you have rental reimbursement coverage and what your limits are for using a rental car.