GEICO Insurance Review

GEICO Auto Insurance Review

GEICO is a popular choice for car insurance because it is available nationwide, offers a variety of discounts and has excellent customer service.

GEICO is available in all 50 states and the District of Columbia, so drivers across the country can get coverage. The company also offers a variety of discounts, including discounts for good drivers, students, military members and those who bundle their home and auto insurance. GEICO consistently receives high marks for customer service, too.

In addition, GEICO is a financially stable company with a strong track record. This makes it a reliable choice for drivers who are looking for peace of mind when it comes to their car insurance.

Overall, GEICO is a great choice for car insurance. It offers a variety of discounts, great customer service and around-the-clock access to support. If you're looking for a reliable car insurance company, GEICO is a good option to consider.

GEICO insurance ratings

In our study, we found that GEICO has excellent financial strength ratings from multiple different reporting agencies.

The company has received an AA+ rating from S&P, an Aa1 rating from Moody's and an A++ rating from AM Best. These ratings indicate that GEICO is a financially strong company that is well positioned to meet its financial obligations.

GEICO also has a good reputation for customer service. The company has a 4.3 out of 5 star rating from J.D. Power, a leading customer satisfaction research firm. This rating is based on surveys of GEICO customers.

Overall, GEICO is a financially strong company with a good reputation for customer service and adequate rates. These factors make GEICO a good choice for car insurance.

How GEICO compares to competitors for drivers with a clean record

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How GEICO compares to competitors for drivers with a speeding ticket

Our study found that GEICO is a mid-range option for drivers with a speeding ticket on their records. These drivers can expect to pay slightly more than the national average of $1,185 a year. GEICO customers saw an average 27% increase in annual costs after a speeding ticket, according to our data.

How GEICO compares to competitors for drivers with a DUI

When it comes to having a DUI on your record, GEICO has the highest rates among its competitors. We found that GEICO customers saw an average price increase of 137% after a DUI. The national average for drivers with a DUI is $1,712 a year.

How GEICO compares to competitors for drivers with an at-fault accident

GEICO is a higher-priced option for car insurance after an at-fault accident, based on our data. Prepare to pay an average of 66% more than you would with State Farm in this situation. On average, GEICO customers saw a 67% increase in their annual car insurance price after causing an accident. The national average for drivers with an at-fault accident is $1,430 a year.

GEICO available auto insurance discounts

GEICO offers a wide variety of discounts to its customers, with potential savings that can range from a few dollars to hundreds of dollars per year. The specific discounts that are available to a customer will vary depending on various factors. Discounts include:

GEICO Home Insurance Review

Although GEICO lets customers purchase home insurance on its website, the coverage is serviced by one of its partners. That means coverage comes from another company. For home insurance, GEICO works with AIG, Assurant, Chubb, Hartford, Liberty Mutual, Travelers, Wellington Risk Insurance Agency and more to provide coverage. You can get a quote directly from GEICO's website. They also provide a personal property calculator to help you determine how much coverage you need.

If you have auto insurance or another type of insurance with GEICO, buying homeowners insurance through GEICO could save you money thanks to the company's bundling discount.

Homeowners insurance coverages

Your coverages may vary depending on which provider you match with through GEICO. The same is true of optional coverages. A common optional coverage is extra coverage for jewelry, artwork and antiques. Sump pump and water backup coverage might be offered by providers, too. Common coverages found in a standard home insurance policy include:

Homeowners insurance discounts

The provider you match with determines which discounts you can access. If you have auto insurance with GEICO, though, you can take advantage of its multi-policy discount. Here are common discounts you can find at most insurance companies.

• Home security systems: If you have alarm systems in your home, you may be eligible for a discount.
• Smoke detector alarms or fire extinguishers: If you have smoke detector alarms and fire extinguishers, you could save money on your homeowners insurance.
• Claims-free: You might earn a discount on your policy if you haven't submitted a home insurance claim within a certain time period.

How much does GEICO's home insurance cost?

Rates may differ depending on which coverages you choose. GEICO's partners have different rates for different coverages, which is why we recommend comparing quotes.

The nationwide average for home insurance is $1,903 per year. If you qualify for only a few discounts with Travelers, your rate might be on the high side.

Bottom line for GEICO's home insurance

Since GEICO doesn't underwrite home insurance, we reviewed some of the companies that partner with GEICO.

Chubb: Chubb offers affordable home insurance rates. If you're looking for more protection, Chubb's Masterpiece Coverage offers some unique coverages. Replacement cost coverage is one example. It replaces damaged or destroyed items based on the amount it costs to replace them today.

QuoteWizard rating: 4.3 out of 5

Travelers: Travelers home insurance tends to be more expensive than competitors. Its average annual premium is higher than the national average of $1,903, too.

If you're looking for additional coverages, though, Travelers may be a good option. Travelers offers an optional coverage that covers more perils than a standard policy. Travelers also offers contents replacement cost coverage. This covers your personal property based on replacement cost at the time of damage.

QuoteWizard rating: 3.3 out of 5

What you need to know about GEICO's home insurance:

GEICO renters insurance review

You can buy renters insurance through GEICO. Like GEICO's home insurance, its renters insurance coverages are provided by third-party insurance companies. GEICO works with AIG, Assurant, Chubb, Hartford, Liberty Mutual, Travelers and more for renters insurance.

Renters insurance coverages

Similar to home insurance, your rental insurance coverages may vary depending on which provider you match with through GEICO. The coverages below are typically included in a standard renters insurance policy.

Renters insurance discounts

Although renters insurance tends to be cheap, you can still take advantage of discounts. If you have auto insurance with GEICO, you may be eligible for a multi-policy discount. For more discounts, you will need to contact the third-party insurance company you're working with to see what discounts you can get. Many insurance companies offer the following discounts:

• If you live in a building with security staff or if you have a burglar alarm in your rental, you could earn a home security device discount.
• If you haven't had a claim for renters insurance for a certain time period, you may be eligible for a claims-free discount.

How much does GEICO's renters insurance cost?

Rates may differ depending on which coverages you choose. GEICO's partners have different rates for different coverages, which is why we recommend comparing quotes. Travelers, one of the companies GEICO works with, has an average annual premium of $212. This is slightly lower than the nationwide average of $214 a year.

Bottom line for GEICO's renters insurance

We reviewed renters insurance companies that GEICO works with to provide coverage for renters.

Travelers: Travelers offers moderate renters insurance rates. It has an average premium of $212 a year, which is close to the national average rate of $214. As it does with home insurance, Travelers offers some unique coverages for renters. Travelers' housing improvement coverage allows renters to apply 10% of their personal property coverage to cover improvements if damaged by a covered loss.

QuoteWizard rating: 2.9 out of 5

What you need to know about GEICO's renters insurance:

• Because GEICO doesn't underwrite its renters insurance policies, you may only want to look at GEICO's renters insurance if you already have another insurance policy with the company.

Methodology

For Auto insurance, Rates shown in this analysis are based on non-binding quotes for minimum-coverage and full-coverage car insurance obtained from Quadrant Information Services.

Unless otherwise noted, the typical driver is a 35-year-old male who drives a 2014 Honda LX for an average of 13,500 miles a year.

Full-coverage car insurance includes the following coverages, limits and deductibles:

• Bodily injury liability: $100,000 per person/$300,000 per year
• Property damage liability: $100,000
• Collision: $500 deductible
• Comprehensive: $500 deductible
• In states where uninsured/underinsured motorist coverage and personal injury protection are required, the minimum limits required by law are included in the quoted policy.

For home insurance, we collected quotes for a standard HO-3 homeowners insurance policy. We used the following coverages:

• $275,000 dwelling coverage
• $27,500 other structures
• $137,500 personal property
• $55,000 loss of use coverage
• $100,000 liability
• $5,000 medical payments
• $1,000 deductible

For renters insurance, we collected online quotes from thousands of addresses in the U.S. We used the following coverages:

• $30,000 of personal property coverage
• $500 deductible
• $100,000 of personal liability
• $1,000 of medical payments to guests
• Loss of use: 30%

QuoteWizard rated insurance companies based on their cost, discounts, coverages, financial strength, J.D. Power score, NAIC Complaint Index, and website experience. We used a weighted rating for each of these categories and scored them out of five.