Geico Auto Insurance Review


UPDATED: OCT 2019 | 1 MIN READ

About Geico

The Government Employees Insurance Company, better known as GEICO, was founded in 1936 in Fort Worth, Texas. In the eighty years since, the headquarters has moved from Texas to Chevy Chase, Maryland. It is currently the second-largest auto insurance company in the United States. Bill Roberts is the current CEO, taking over for the now-retired Tony Nicely. Nicely had been with the company since he was just 18 years old, and has stayed on as a chairman. GEICO is owned by parent company Berkshire Hathaway.

Satisfaction Ratings

  • BBB Rating: A+
  • Consumer Reports Rating: Satisfied
  • JD Power Rating:  4 / 5 

Pros & Cons Section

Sales and Service available 24 hours a day
In-depth online quoting tool
Military retirees tend to military policies

Lack of local agents available for help
GEICO does not write and create their own home policies
Doesn’t offer a telematics discount that encourages good driving habits
Policies only last 6 months

Policies Offered

Here are some of the types of coverages offered by Geico:

Bodily Injury – This coverage is also called ‘Liability’, and it is mandatory in every state. GEICO offers state minimums, but also a wealth of other customized combos. Seeing the price difference between them is as easy as choosing from a dropdown menu.

Property Damage – This coverage is for any damage done to or by your vehicle. GEICO offers a full range of options from the state minimum up to one hundred thousand dollars. This is often accompanied by a deductible, though there are options for those as well.

Uninsured Motorist – What happens if you get in an accident, but the other party doesn’t have insurance? Hopefully, you have this coverage, which pays for your car if the other party can’t. 

Upgrades and Addons

Here are some of the upgrades and extra features you can add to your policy:

Emergency road service – Although many insurance companies offer at least a few varieties for this sort of service, GEICO only offers one choice. If you do choose to have it included in your policy, they will pay a flat $100 maximum per incident.

Rental Reimbursements – Like the above program, GEICO differs from what most companies offer. Rather than a sliding scale of choices, they offer only one, and it varies from state to state.

Accident Forgiveness– GEICO rewards their loyal customers by offering anyone who has been with them for more than two years this upgrade for free. If you don’t want to wait, you can purchase it for a charge.

Available Discounts

You can earn discounts with the following Geico programs:

Airbag – Standard equipment nowadays, but the functions and features vary from vehicle to vehicle. Depending on how evolved your airbag system is, you can get large discounts on medical-related premiums.

Seat belt use – Sign a disclaimer promising to wear a seatbelt — and waive coverage if you’re in an accident in which you don’t — and GEICO will give you a discount.

Driver’s Ed – If you have a certificate from your driver’s education and can prove that you passed, GEICO will give you a discount. Got student drivers? Same applies for them!

Military – Has you or someone in your family served in the US armed forces? GEICO would like to thank you with a discount.

Accident-Free – If you haven’t had a car accident in the last five years, GEICO rewards you with a discount of up to 25% off your total policy premium.

Special Programs

These special programs and benefits are available from Geico:

Federal Employee – If you are a federal employee, you can enroll in GEICO’s special program by answering a few simple questions about your job.

Selected Membership – Are you a member of a credit union? Did you graduate from a large university? Ask GEICO if they are an affiliate and if so, you may qualify for this program and the additional discounts it can offer.

What You Need to Apply

Have this information on hand to get a fast, accurate quote:

Personal Info – Just the basics, like your name, age, and gender, so GEICO can save your online quote under a custom profile. If you actually decide to buy the quote, you’ll need more personal information, like your exact birth date and social security number.

Where you live Your address makes a difference in your car insurance for a reason. Think about where you drive. Is it a big city? Small town? These things change risk, so they matter.

Vehicle ID Number – This is also known as a VIN, and it’s on several places in your car. You can get a quote without it using the year, make, and model, but the most accurate quote will always need a VIN.

Email Address – To start a quote online, you need an email address for communication with GEICO representatives, and a place to send any electronic documents if you do choose to buy a policy.

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