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GEICO Insurance Review – GEICO Insurance Company Rates

GEICO Insurance Review

Pro

  • Insurance shoppers who want to be able to do everything online
  • Fairly low rates
  • People looking for multiple lines of insurance

Cons

  • People who want to deal directly with a local insurance agent
  • Drivers who have had an at-fault accident within the last five years
  • Homeowners who aren’t willing to conduct research on their specific underwriter

Offers By GEICO Insurance

– Auto Insurance: For auto insurance, GEICO’s low rates, paired with the fact that its coverages and discounts are more or less consistent with its competitors’ offerings, make it a safe choice. However, in some situations, GEICO’s rates might be more expensive than its competitors. This is particularly true when it comes to drivers shopping for auto insurance who have an at-fault accident on their driving record. While GEICO is a good choice, we recommend you compare quotes from at least three insurers.

– Homeowners Insurance: GEICO doesn’t underwrite or service its own homeowners insurance policies, but GEICO’s underwriting partners generally offer low rates and adequate service. Just keep in mind that discounts and endorsements vary by underwriter, so you’ll need to confirm beforehand that your policy offers any features that are important to you.

GEICO Auto Insurance

GEICO auto insurance has competitive rates, good customer service, and enough coverage options and discounts to please most drivers. It offers a lot in terms of convenience, with 24-hour customer service available and an app where you can control almost all aspects of your coverage on the go. However, if you are a high-risk driver—specifically a young driver with an accident on your record—you might overpay for car insurance with GEICO.

GEICO Auto Insurance, Coverages and Discounts

GEICO Mobile app: Drivers can use the GEICO Mobile app for all aspects of managing their auto insurance, from getting a quote to filing a claim. Drivers insured with GEICO can even use Amazon’s Alexa to pay their insurance bills. If you are looking for an auto insurer that’s not going to make you go through an agent or wait on the phone to manage your auto insurance policy, then GEICO is a great option.

Prime Time Contract: This is a guaranteed auto insurance renewal program designed for GEICO customers who are over 50 years old. Customers in the Prime Time Contract program will always have the option to renew their insurance policy as long as they continue to be GEICO auto insurance policyholders. Drivers in this program are protected from situations where an insurer might not offer to renew a policy—like drivers who are considered high-risk due to multiple traffic violations. Just note that the Prime Time Contract does not guarantee that your rates will always be the same. Besides being over the age of 50 to qualify for this program, you must:

  • Have no drivers under 25 years old on the policy.
  • Have no violations or accidents in the last three years.
  • Have no vehicles on the policy that are used for business.

Auto Repair Xpress: This is a program that includes a network of repair shops that work with GEICO. By choosing to fix your vehicle at an Auto Repair Xpress® facility, you get a GEICO-backed guarantee for all repairs as long as you own your vehicle.

Car Buying Service: To help you get a better deal on a new car, GEICO offers its Car Buying Service, which connects you to local dealerships and lets you see what other people have paid for a certain vehicle.

GEICO Auto Insurance Coverage.

– Mechanical Breakdown Insurance (MBI)

– Rideshare Insurance

– Emergency Road Service

– Accident Forgiveness

– Glass Coverage

– Rental Reimbursement

Discounts For GEICO Auto Insurance

The discounts that GEICO offers are pretty standard across the auto insurance industry, with the majority tied to vehicle equipment and safe driving habits:

Federal Employee Discount: Active or retired federal employees can qualify for a discount of up to 8% on their car insurance. This is also known as the eagle discount.

Military Discounts: Active-duty U.S. military personnel, retired U.S. military members, or members of the National Guard or Reserves could save up to 15% on premiums.

Driving History Discounts: If you’ve been accident-free for five years, you may be able to save 26% on your car insurance with GEICO. As previously mentioned, having a clean driving record could make you eligible to receive free accident forgiveness, which would save you money after an at-fault accident. You can also receive up to 15% off your medical payment or personal injury protection premiums if you and your passengers always wear their seat belts.

Defensive Drivers Discounts: For completing an approved defensive driving course you can save on your car insurance with GEICO. The amount you could save varied by state, for the states that offered a discount for taking a defensive driving course, you could save 5%‒20% on applicable coverages. The five state that, at this time, do not offer discounts for defensive driving courses are Hawaii, Massachusetts, Michigan, North Carolina and Vermont.

Student Discounts: Full-time students who maintain at least a “B” average may save up to 15% on their total car insurance premiums in some states. Drivers must be between the ages of 16 and 24 to qualify for this discount. Young drivers also might be able to receive a discount on their coverage for completing a driver’s education course.

Pay-in-full Discount: By paying your entire premium for the full term of your policy, you can save money by avoiding installment expenses that GEICO charges for paying month to month.

Membership and Employee Discounts: You might be able to receive a discount for being a member or employee of a certain organization. There are more than 500 schools and universities, professional organizations, and other institutions included in this group.

Multicar Discount: Insuring more than one vehicle with GEICO could save you up to 25% on your premiums.

Multipolicy Discount: By having a homeowners, renters, condo or mobile home policy with GEICO, you could receive a discount on your car insurance.

Vehicle Equipment Discounts: If you have an auto insurance policy with GEICO, you can receive discounts on your premiums for having the following equipment.

Author: tecktech

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