However, our compensation is never tied to whether you purchase an insurance product. For more information, please see our NextAdvisor is not a accredited insurance company, means or broke and we do not sell, solicit or negotiate insurance. Our content provides summaries of indemnity providers and/or products that may not include all terms, benefits or limitations of such provider or product. Please consult a license insurance company or producer regarding any indemnity product. Our web site may include links that take you to another web site and result in us earning a fee.For more information, please see our Advertising Disclosure and How We Make Money. GEICO, the second-largest insurance company in America, is a family list thanks to its omnipresent advertising with the celebrated title, “ 15 minutes could save you 15 % or more on car insurance. ” It offers a draw more than car insurance, however. GEICO is a subordinate of the Berkshire Hathaway conglomerate owned by investor Warren Buffett, the global ’ s sixth-richest person according to Forbes. It controls about 14 % of the car policy market and insures about 28 million vehicles. It writes policies in all 50 states and the District of Columbia. Besides car indemnity, GEICO besides offers policies for homeowners, life policy, and more .

GEICO Auto Insurance 

GEICO ’ s claim that you can save 15 % or more is not always accurate because of the natural blend in insurance rate offerings, but in general GEICO ’ second average rate is about 20 % lower than the national average, based on Bankrate data. It besides offers relatively cheap rates for young drivers, who frequently have to deal with exorbitant rates from other companies.

Types of Coverage

  • Liability coverage (bodily injury and property damage)
  • Comprehensive and collision coverage
  • Medical payments coverage
  • Personal injury protection coverage
  • Uninsured/underinsured motorist coverage
  • Emergency road service
  • Rental reimbursement
  • Mechanical breakdown insurance
  • Motorcycle insurance
  • ATV insurance
  • RV insurance
  • Rideshare and on-demand delivery drivers insurance
  • Collector auto insurance
  • Boats and personal watercraft insurance
  • Mexico auto insurance
  • Commercial vehicle insurance

Cost of GEICO Auto Insurance 

GEICO is known for its abject rates. The average annual premium for minimum coverage with GEICO is $ 363, according to the latest Bankrate data. ( Bankrate is owned, like NextAdvisor, by loss Ventures. ) For full coverage with GEICO, the average cost is $ 1,325. Compare that to the average price of minimal car policy in the U.S., which is $ 563 a year and $ 1,738 for wax coverage. Based on those numbers, drivers who choose GEICO save an average of $ 200 for minimal coverage and an average of $ 413 for full coverage .

GEICO Auto Insurance Discounts 

GEICO offers the most discounts of all the bequest policy companies — ranging from 5 % to 25 % off your car agio. These are the car policy discounts available with GEICO :

  • New vehicle discount
  • Good student discount
  • Defensive driving discount
  • Good driver discount
  • Seat belt use discount
  • Multi-vehicle discount
  • Multi-policy discount
  • Vehicle equipment discounts
  • Driver education discounts
  • Military and public service discounts
  • 50 and older discount

GEICO Home Insurance

GEICO can protect your home and your belongings in sheath something happens, such as a open fire or a burglary. It ’ randomness best to review your policy so you know precisely what you ’ re covered for, but hera are common things covered by GEICO homeowners indemnity :

Types of Coverage 

  • Property damage from fire, wind, hail and water (under some policies)
  • Personal property such as furniture, clothing, appliances and dishes
  • Jewelry up to $2,000 of value
  • Personal liability
  • Medical bills
  • Additional expenses, like hotel costs if you experience a covered loss

GEICO Home Insurance Discounts

An easy way to save on indemnity with GEICO is by bundling your car and homeowner or renters policies. GEICO besides offers other dwelling insurance discounts that you may be able to use :

  • Home security system discounts
  • Sprinkler and smoke alarm discounts
  • Multi-policy discounts
  • Military and federal employee discounts
  • Student discounts
  • Membership group discounts

GEICO Life Insurance 

You can bundle early policies with life indemnity through GEICO, but keep in heed that the ship’s company does not sell or underwrite its own life insurance policies. rather, it partners with LifeQuotes, a comparison shop web site that gives quotes from multiple life sentence insurance companies .

Types of Coverage

  • Whole life insurance
  • Term life insurance
  • Universal life insurance

Cost of GEICO Life Insurance

According to the latest Bankrate datum, the average monetary value of life policy is about $ 23 per month for a 35-year-old charwoman looking for a 30-year condition policy with a death profit of $ 250,000. NextAdvisor pulled a GEICO quotation for life insurance coverage starting at $ 250,000 for a 35-year-old charwoman who ’ s goodly, living In California, and looking for term life policy. For that person, it would cost around $ 18 a calendar month for 30 years of term life indemnity, $ 12 for 20 years, and $ 9 for 10 years .

GEICO Life Insurance Discounts 

Life insurance discounts with GEICO may vary wide since it has partners who sell and underwrite life insurance policies for it. silent, you can take advantage of these :

  • Multi-policy discount
  • Membership and employee discounts
  • Military discounts
  • Federal employee discounts

GEICO Ratings, Customer Satisfaction and Complaints 

GEICO is the one-fifth most popular indemnity trade name and the most celebrated, according to a YouGov poll. About 46 % of responders report having a positive opinion of the company, 38 % have a neutral impression, and 14 % have a negative opinion. GEICO ’ s ratings and customer satisfaction reviews are interracial across the circuit board. On Best Company, a customer review platform, GEICO has an modal review score of 3.6 out of 5 based on 900 ratings submitted in the last five years. Most inspection paint GEICO as mediocre or modal equally far as customer interaction goes. “ According to customer inspection data, GEICO is equitable slightly behind diligence averages, ” says Alice Stevens, an indemnity expert and senior editor at Best Company. GEICO ’ s complaint exponent rat with the National Association of Insurance Commissioners indicates above average complaints. GEICO has the best ante meridiem Best denounce that ’ s possible to achieve : A++. That denounce expresses an insurance company ’ s fiscal constancy, which influences its ability to pay out claims. Below are ratings from leading market research worker J.D. Power. GEICO scored well above median for overall customer satisfaction for car insurance across the U.S., specially in the North Central and Northwest regions of the country. According to the latest datum from J.D. Power, GEICO sits just below the industry average for claims satisfaction, but the company overall inactive ranks relatively high compared to other insurers.

GEICO Pros and Cons 


  • low premium rates
  • strong fiscal and diligence resist
  • Wide range of indemnity options available, making it easy to bundle
  • Partnerships with Mexican indemnity companies for Mexico coverage
  • abundance of discounts available
  • GEICO has a fluid app and a user-friendly web site, which gives its customers easy access to information about their products and services and immediate customer confirm aid
  • Usage-based app option available ( DriveEasy )


  • local agents may not be available in your area
  • Certain policies are underwrite by third-party partners, adding a level of complexity
  • Difficult claims serve : GEICO doesn ’ thymine do its own cover for certain policies, such as life and homeowners policy. If you want to file a claim with certain policies ( i.e. animation, homeowners ), you have to contact the company that underwrites them and not GEICO directly, which can be a headache for policyholders
  • No gap insurance coverage

Other Policies Offered by GEICO

People wanting to keep all their indemnity policies with the same company will be pleased to know that GEICO offers many types of indemnity, plus discounts for bundling. hera are extra indemnity policies that GEICO offers :

  • Business insurance
  • Identity protection
  • Jewelry insurance
  • Overseas insurance
  • Pet insurance
  • Travel insurance
  • Umbrella insurance

Bottom Line 

low rates, a multitude of discounts, and customer-focused on-line capabilities are some of the reasons to choose GEICO for your insurance needs. GEICO ’ s broad range of policy offerings makes it slowly to stick to one company for everything — be it car, life, or home indemnity. The rates that GEICO charges are often much lower than what other companies charge, and you can save up to 25 % through discounts and bundle. One of the most significant downsides with GEICO is that third-party partners cover some of its insurance policies, including life and homeowners. That adds a layer of complexity during the claims process for customers. Suppose you want to file a life or homeowners insurance claim. In that case, you have to contact the company that underwrites them and not GEICO directly, which can be a headache for policyholders. careless, customer reviews show a convention of admiration for GEICO ’ randomness helpful customer service through its mobile app and call operations. class after year, GEICO ’ s web site endlessly receives praise from J.D. Power for its functionality, slowly drug user interface, and agile quote retrievals .

Frequently Asked Questions

Is GEICO a good insurance company?

On the whole, GEICO is a good policy company. It has low rates, many discounts and a wide stove of policy products, and it ’ s besides rated as financially very stable. Data shows that most people have a positive opinion of GEICO .

Why is GEICO so cheap?

The most obvious attraction to GEICO is the prices. By offering the services lone directly to the customers and offering discounts on multiple policies, GEICO can offer substantial discounts over competitors .

Who does GEICO make sense for?

Because of discounts, user-friendly app, and moo rates, GEICO by and large caters to people looking for convenience and respect. GEICO besides makes common sense for those looking to bundle policies, as it offers good about everything from homeowners indemnity to life indemnity and more.

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