GEICO Auto Insurance Review: Quotes and Service (2024)

MoneyGeek’s analysis involved gathering quotes from GEICO across 50 states to calculate the insurer’s average rates. Our research determined that GEICO’s policies are cheap for drivers of all types, with an average cost of $1,047 per year.

Our analysis included insurance costs for drivers seeking full coverage and minimum coverage policies, as well as young drivers and individuals with prior violations.

Although MoneyGeek carried out comprehensive research to give you important information about GEICO, we recommend that you perform your own research and quote comparison to find the best insurance based on your unique requirements. The best practice is to obtain personalized quotes from at least three providers to give you a better understanding of what they offer and help you get the cheapest car insurance.

GEICO offers cheap insurance for drivers of all types. This includes individuals looking for full coverage policies, minimum coverage policies, new drivers, young drivers, seniors and those with prior driving violations. An important factor that helps keep GEICO’s insurance costs low is that the company sells policies directly on its website to reduce dealership costs.

Insurance companies generally do not reveal their calculation mechanisms. The amount you pay for your car insurance depends on factors such as your age, credit score and driving history.

GEICO offers standard coverages just like other leading insurers that include liability, comprehensive and collision insurance.

In addition, GEICO also has coverage for roadside assistance, rental car reimbursement and accident forgiveness. While roadside assistance pays for the cost of flat tires, towing, jump-starts and lockout services, rental car reimbursement pays for a rental vehicle if your car isn't driveable for more than 24 hours due to a covered accident.

With accident forgiveness, your insurance rate won't go up as a result of your first at-fault accident. However, GEICO does not provide new car replacement or better car replacement coverage that other leading insurance companies typically offer.

A unique coverage that GEICO offers is mechanical breakdown insurance that provides better coverage at a lower price than the typical dealer-extended warranty. It includes all parts and systems and is available for new or leased cars that are less than 15 months old and have less than 15,000 miles on them.

GEICO’s ability to provide convenient online solutions is what sets it apart from many competitors. These include a mobile app, online calculator, online bill payment and online filing of claims.

GEICO does not only offer auto insurance. They also carry other insurance options, including homeowners, renters and business insurance. If you plan on purchasing more than one policy, consider bundling them with your auto insurance to qualify for savings on your premiums across the board.

AM Best rates auto insurance companies based on financial strength. GEICO has A++ results, which means it is excellent in terms of financial stability. High financial stability ratings indicate the company is more likely to meet its ongoing insurance obligations and cover legitimate claims. It is important to note that this rating is not a warranty, though.