GEICO Reviews, Coverage Options, and Ratings for 2019
5 OUT OF 5 RATING FROM THE ZEBRA
Established in 1936, GEICO is the second most popular insurance provider in the US. GEICO offers a wide variety of insurance products, including auto and motorcycle coverage. While GEICO is generally understood to be a cheap car insurance provider, its low prices don't necessarily lead to poor service. Let’s explore the ins and outs of GEICO in our 2019 review.
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|JD Power Rating — Average: JD Power rates GEICO a 3 out of 5 in overall customer satisfaction. |
Financial strength — Superior: GEICO has a superior financial strength rating — you shouldn’t worry about the company's ability to pay out your claim.
NAIC Rating — Average: An NAIC compliant rating refers to the total count of consumer complaints received. GEICO comes in around average.
GEICO car insurance coverage options
GEICO offers all the standard car insurance coverage options: liability, property damage, collision, and comprehensive coverages. Let’s review the more unique features of GEICO auto insurance.
Emergency road service
If you have comprehensive coverage, you can add GEICO’s roadside assistance. With this coverage, you are able to get help for the following:
- Jumpstarts for dead batteries
- Labor to change a tire
- Lockout services
This optional coverage handles the costs if your vehicle is undrivable due to a covered claim. By insuring against only "covered claims," GEICO excludes normal wear and tear or mechanical issues. This will provide you with a rental car for a certain number of days based on your coverage.
Mechanical breakdown insurance
GEICO is one of the few car insurance companies offering mechanical breakdown insurance (MBI). MBI acts as an extended warranty, covering your vehicle in the event of myriad mechanical failures that are excluded from coverage on a standard car insurance policy. This excludes damage occurring in a car accident. MBI is subject to a deductible.
GEICO offers accident forgiveness as an optional policy add-on. With this coverage, your rate won’t increase after your first at-fault accident. GEICO’s accident forgiveness works on a per-policy basis, meaning only one use per policy period.
GEICO rideshare insurance
If you drive for a company like Uber or Lyft, GEICO offers insurance coverage to make sure your vehicle is fully covered.
Below are other companies to which GEICO’s rideshare coverage applies:
- Amazon Flex
- Uber Eats
GEICO car insurance discounts and reward programs
GEICO offers many discounts for young and experienced drivers alike. Below are GEICO's top discounts.
Discounts based on your vehicle’s equipment
- Airbags: 25-40% savings
- Anti-lock brakes: 5%
- Anti-theft system: 25%
- Daytime running lights: 1%
26%. If you have a clean driving record for at least three years, you can earn this good driver discount.
15%. This discount applies to your medical coverage or personal injury coverage. If you and your passengers always wear your seatbelts, you can earn up to 15% off.
15%. If you or your student is aged 16 to 24 and has a GPA of 'B' or better, you can earn up to 15% off.
Driver’s education course
Varies. If you’re a young driver, completing a driver's ed course can earn you a discount on most policies.
Varies by state. If you’ve completed an approved defensive driving training course, you can receive a discount on your insurance policy.
25%. If you’re in the military and are deployed, you can receive a discount that applies to your entire policy.
Member and employee discounts
Varies. Certain employers and memberships have relationships with GEICO which can earn you a discount. These can be based on occupation — such as police officers and firefighters — or alumni organizations.
15%. Active and retired military members can earn up to 15% off their insurance policy with GEICO.
Varies. If you have more than one policy with GEICO, you can earn a variable discount. It is considered a loyalty discount.
25%. By insuring more than one vehicle with GEICO, you can earn up to 25% off your entire policy.
Federal employee discount
8%. If you’re an active or retired federal employee, you qualify for the eagle discount by GEICO. In order to qualify, you need to be a GS-7 or above. This is available in most states.
Senior driver discount
Varies. If you’re over 50 with no incidents in the past three years and have no drivers younger than 25 on your policy, you can qualify for this discount.
Additional lines of insurance
- Life insurance
- Umbrella insurance
GEICO insurance review: Is it right for you?
GEICO is one of the biggest car insurance companies in the US. It provides a multitude of lines of insurance, covering a variety of assets. GEICO makes available licensed agents to every customer, and is generally rated highly by consumer reports. GEICO also provides all the basic coverage options including bodily injury and uninsured motorist coverage, along with rideshare coverage and mechanical reimbursement coverage.
The only aspect of GEICO car insurance we failed to cover is its price. While GEICO is generally considered a cheap insurer, it’s impossible to provide an upfront quote for every driver. Your premium will change based on dozens of your personal attributes.
The best option for finding affordable car insurance is to shop with as many companies as possible — including GEICO. If you’re interested in getting a quote from GEICO and other companies, enter your ZIP code below to get started.