GEICO boasts a well-known name across the country for automobile insurance. And that’s no surprise since it’s one of the most affordable car insurance providers in America.
What sets the nation’s No. 2 car insurer apart from others is GEICO’s customer service and user-friendly mobile app and web services. If you consider going with GEICO for your car insurance, you’ll need to know what the company offers, what you can expect to pay, and customer satisfaction.
GEICO provides common auto insurance coverage like:
The company also offers a variety of additional coverage options. A notable example is the Prime Time Contract, which GEICO awards to motorists over 50 years old in select states, including Alabama, Alaska, Iowa, Maryland, Minnesota, New Mexico, Ohio, Oregon, Tennessee, and more.
Drivers with PrimeTime can renew their policy as long as no drivers under the age of 25 need to be on the policy. You also must keep a good driving history for the past three years and not use your vehicle for business purposes.
Additional coverage plans and services include:
More add-on insurance options include:
Besides car insurance, GEICO also provides life, home, and even jewelry coverage options.
If you are looking for online service, GEICO’s mobile app provides this service with ease. It’s user-friendly, and so is their website service option.
GEICO offers breaks similar to those offered by competitors. These include lower costs to those who qualify as a safe driver or good student or if the insured takes a defensive driving program and remains accident-free for five years.
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Several factors can influence the price of your GEICO insurance premium. Age and gender play a significant role, as young drivers are more likely to get into accidents, while statistics show women are more conscious of their driving habits.
Using data Kelley Blue Book obtained from Savvy, the average monthly cost for a GEICO policy is $190.25. Savvy collects data from consumers’ current policies, including rate information, age, marital status, and other demographics.
The statistics offer a representative sample used as a general guide. See more about Savvy’s methodology.
Let’s take a closer look at how demographics play into car insurance.
| Average Monthly Cost | |||
| Age Group | Gender | Marital Status | Value |
| 25 to 34 | female | married | $177.97 |
| 25 to 34 | female | single | $185.94 |
| 25 to 34 | male | married | $182.02 |
| 25 to 34 | male | single | $185.12 |
| 35 to 49 | female | married | $215.29 |
| 35 to 49 | female | single | $191.23 |
| 35 to 49 | male | married | $204.69 |
| 35 to 49 | male | single | $177.63 |
| 50 to 69 | female | married | $230.57 |
| 50 to 69 | female | single | $191.44 |
| 50 to 69 | male | married | $232.89 |
| 50 to 69 | male | single | $182.95 |
| 70 or Above | female | married | $203.18 |
| 70 or Above | female | single | $207.30 |
| 70 or Above | male | married | $187.22 |
| 70 or Above | male | single | $193.21 |
Source: Savvy
Single males between 35 and 49 years old and married women ages 25 to 34 can expect to pay $177 on average for an insurance policy per month. Right behind them are males ages 25 to 34, paying $182.02 on average every month.
| Average Annualized Per Operator | |||
| Age Group | Gender | Marital Status | Value |
| 25 to 34 | female | married | $2,103.49 |
| 25 to 34 | female | single | $2,188.59 |
| 25 to 34 | male | married | $2,145.44 |
| 25 to 34 | male | single | $2,175.50 |
| 35 to 49 | female | married | $2,561.57 |
| 35 to 49 | female | single | $2,271.24 |
| 35 to 49 | male | married | $2,438.18 |
| 35 to 49 | male | single | $2,089.69 |
| 50 to 69 | female | married | $2,754.08 |
| 50 to 69 | female | single | $2,266.03 |
| 50 to 69 | male | married | $2,774.67 |
| 50 to 69 | male | single | $2,177.12 |
Source: Savvy
Driver location also plays a role and might influence the discounts you are likely to receive. Let’s take a look.
According to The Zebra, drivers in 10 states can expect to pay less than $75 in monthly premiums.
| State | Average Monthly Insurance Premium |
| Wisconsin | $45 |
| Arizona | $55 |
| New Hampshire | $59 |
| Ohio | $62 |
| Iowa | $67 |
| Utah | $68 |
| Maine | $69 |
| North Carolina | $71 |
| Colorado | $72 |
| Illinois | $72 |
Source: The Zebra
A variety of factors impact your GEICO auto insurance quote. In addition to age, gender, marital status, and location, your driving history, and credit score can, too.
According to The Zebra, GEICO gets expensive when it comes to DUI penalties. An individual insured with GEICO can expect to pay an average of $1,276 for an annual policy. With a DUI, this number goes up by $1,371 to $2,647.
GEICO is considered on the expensive side when it comes to DUI penalties.
GEICO remains one of the cheapest options after an accident because the company offers an “accident forgiveness” option.
The Zebra data shows that after an accident, drivers with GEICO can expect annual premiums to increase from $1,276 on average to $1,997 in the first year, $2,719 in the second year, and $3,441 in the third.
Some states have made it illegal for car insurance companies to consider an individual’s credit score when formulating quotes. These states are California, Massachusetts, Hawaii, and Michigan.
According to The Zebra, drivers across all insurers in all other states can expect their rates to be 115% higher if they have a poor credit score compared with someone with an excellent credit history.
Overall, GEICO’s customer satisfaction has been rated higher than average. It was also among the top-rated companies in Investopedia’s Best Car Insurance and Best Car Insurance for Seniors studies.
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According to the J.D. Power 2021 U.S. Auto Insurance Study, GEICO came in 12th of 25 national insurers for customer satisfaction.
When it comes to financial information, GEICO was given a superior rating by AM Best, proving that its ability to pay out its claims is among the best in the industry.
Founded in 1936, GEICO is the second-largest insurance company in the U.S. While initially created to insure government and military personnel, the company now offers car insurance to all drivers across 50 states.
The company gets high marks for its customer service and an array of services. But what makes it stand out is its mobile app and online services, which received the highest rating in the Dynatrace Q1 2019 Mobile Insurance Scorecard.
