Geico car insurance offers coverage for more than just cars. Whether you have a car, truck, collectible car or an ATV, Geico has a policy to insure it.
Geico’s wide range of auto insurance product types might make it easy for you to insure all your vehicles in one place, which could make handling your insurance much easier.
Geico’s average premiums are quite a bit lower than the national average cost of car insurance in the U.S. Currently, the average cost of minimum coverage in the U.S. is $565 per year. For full coverage, the average annual cost is $1,674.
Drivers who choose Geico save an average of $132 for minimum coverage and an average of $269 for full coverage.
Geico’s low average rates might be due to the company’s long list of discounts. The company offers savings for a range of situations, which could help keep premiums low.
Although discounts may vary by state, Geico’s extensive list of discounts includes:
Geico insurance for homeownersand renters covers you for a variety of situations, including property damage and injuries that your guests sustain. Every policy is unique, so reading your paperwork and reviewing your coverage with your agent can help you understand exactly what is covered, but most Geico policies include the following:
Insurance policies are individual. While most standard home insurance policies from Geico include these coverage options, some coverages could be excluded under your policy. Reviewing your policy with a licensed insurance professional might help you better understand what coverage you have.
Just like home insurance, Geico’s renters insurance is customizable, so your policy might have different coverages than the ones listed below. However, under a standard Geico renters insurance policy, you have coverage for the following:
There are also additional add-ons or endorsements you can purchase to customize your coverage. You could add insurance for high-value items such as jewelry, sporting goods or electronics.
You might be able to lower your property insurance premium by taking advantage of Geico’s property insurance discounts. Like auto insurance discounts, property insurance discounts can vary by state, so talking with an agent might be the best way to identify ways to save.
Some of Geico’s property discounts include:
Geico is not the most well-known for its life insurance policies, but it provides three types of life insurance coverage.
Term life insurance is one of the most common types of life insurance and is known for being more affordable than permanent policies. Term policies provide coverage for a specific amount of time, usually between 10 and 30 years. Term policies can be a good option if you need coverage on a budget or if you only need coverage for a certain amount of time, such as while you pay off a mortgage. Geico offers a No-Med Exam policy for those who may not pass a traditional life insurance health screening.
Whole life insurance policies offer permanent coverage, meaning you are covered for the duration of your lifetime. Because of this, they tend to be more expensive than term policies. Whole life policies often come with living benefits, like cash value, which you can use while living to help supplement your income.
Universal life is another form of permanent life insurance but has a few more features than whole life.Universal life insurance is a more flexible option for those who want permanent coverage but want the ability to update their policy. With a universal life policy, you may be able to update your premium amount and your death benefit.
If you are considering purchasing a life insurance policy from Geico, you might be able to get a quote online. You can also check out the life insurance frequently asked questions page for more information on life insurance and who can benefit from having it.
J.D. Power scores companies for customer satisfaction in different regions of the United States. Here’s how Geico performed throughout the country in 2021:
This particular J.D. Power study ranked auto insurance companies based on billing processes, policy information, claims, overall customer interactions, policy offerings and price.
AM Best is an independent agency that measures a company’s financial strength. A strong financial score suggests that a company could more easily handle a situation where there are a large number of claims within a short period. Geico’s AM Best financial strength score is A++ (Superior), the highest level possible.
Geico’s complaint index rating with the National Association of Insurance Commissioners (NAIC) is 1.70. A score of 1.00 represents a baseline number of complaints, so Geico’s 1.70 score indicates that the NAIC receives a greater-than-average number of complaints regarding Geico.
Geico could be a great option regardless of the type of insurance you need. The rates it charges are often much lower than what other companies charge, and you can save a lot of money through discounts and bundling.
Year after year, Geico also receives high rankings from companies like J.D. Power and AM Best. The company’s customer satisfaction ratings and financial strength have repeatedly shown that Geico is an insurance company that can serve a broad base of customers.
Customers wanting to consolidate their insurance products with one company might be happy to know that Geico offers several different types of insurance aside from auto, home, renters and life.
Check out these additional policies offered by Geico: