GEICO is the third-largest U.S. auto insurer by market share and one of the best-known national insurance companies. Its car insurance rates are often among the cheapest available in all 50 states and Washington, D.C. And GEICO has 16 discounts plus a usage-based insurance program that could save you even more on premiums.
A Berkshire Hathaway Group company, GEICO sells home, renters, business, life, travel, pet, and more insurance products in addition to various auto insurance coverages. Here’s what to know about GEICO as you shop for car insurance.
How GEICO compares to other insurance companies
How GEICO rates compare to competitors
GEICO offers competitive rates and is often among the cheapest car insurance insurance companies available in all U.S. states. Only State Farm, USAA (only available to members of the military community), and a handful of regional insurers beat GEICO’s full-coverage rates, Insurify data shows. COUNTRY Financial, NJM, Auto-Owners, Erie, and Root have cheaper average full-coverage rates, but none sell insurance in all 50 U.S. states like GEICO.
Here’s how GEICO’s national average full-coverage rate compares to the rates of other national insurance companies.
Average cost of GEICO auto insurance
GEICO’s average auto insurance rates are typically well below the national average for full-coverage and liability-only insurance. Even GEICO’s rates for higher-risk drivers, like teens and drivers with an incident on their record, are relatively low.
For example, teen drivers on their own insurance policy pay about 37% more for a GEICO auto insurance policy, versus 73% more for an Allstate policy, according to Insurify data.
Here’s how GEICO’s average monthly liability-only rates compare to the national averages for a few different driver profiles.
GEICO car insurance cost by state
Several rating factors affect your auto insurance premiums, and your location is a big one. Your state insurance market, regional inflation, and local severe weather like hail or hurricanes can influence your rates.2 For example, drivers in urban areas pay more expensive rates given the increased risk of theft and accidents in densely populated areas.
GEICO’s average rates are usually among the cheapest available in most states. Rates vary widely state-to-state, though. Arizona drivers pay an average of $134 monthly for liability coverage through GEICO, while New Mexico drivers pay $143 per month.
These are the average monthly liability-only insurance quotes for GEICO in each state, compared to the overall state average liability-only quote.
GEICO car insurance discounts
It’s important to consider car insurance discounts when choosing the right insurance company since savings vary and insurers offer different options. GEICO offers common discounts for things like bundling auto with a home insurance policy, insuring multiple vehicles, and having an accident-free record. As GEICO started as an insurance company serving military members and federal employees, it still offers special discounts for those drivers.3
Discounts can lower your premium significantly, so always ask about what discounts you’re eligible for. Not all insurers will automatically apply them to your policy, and you may have to provide documentation to qualify for some discounts.
Here are some discounts available from GEICO and your potential savings.
How customers feel about GEICO
Like many insurance companies, GEICO’s online reviews are mixed. GEICO scores 1.3 out of 5 stars on Trustpilot. Some Trustpilot users reported a frustrating claims process and rising premiums, while others described professional and helpful customer service experiences.
GEICO has consistently around- or below-average scores in industry customer service and claims satisfaction ratings but also receives fewer complaints than other auto insurers of its size. Below are a few sources to consider to learn how GEICO auto policyholders feel about their insurer.
GEICO customer reviews
Insurify asks consumers to rate their insurance companies and collects the information so shoppers can hear from people directly about their experience. These are all real, verified GEICO insurance reviews, and more policyholders report their experiences every day.
GEICO ratings
Industry ratings can help you understand an insurance company’s business reliability and its reputation for customer satisfaction. Global rating agency AM Best rates insurers’ financial strength and credit. A higher score indicates that an insurer has good risk management and can reliably pay claims.
Consumer insights agency J.D. Power measures customer and claims satisfaction among auto insurers, and GEICO mostly ranks around or below average. It ranks second-highest in the usage-based insurance category, likely for its DriveEasy safe driving program.
The insurer’s National Association of Insurance Commissioners (NAIC) complaint index score indicates how GEICO’s number of consumer complaints compares to the industry average for a company of its size.
GEICO car insurance coverage options
GEICO offers standard coverage options, including liability coverage that meets state-minimum insurance requirements, collision, comprehensive, and uninsured/underinsured motorist coverages. Drivers can also purchase optional coverages like emergency road service, rental reimbursement, and mechanical breakdown insurance.
Knowing insurance terms and definitions can help you understand policies as you shop, so here’s what each type of coverage includes.
Other options for GEICO customers
GEICO offers many other types of insurance, and auto insurance customers could save by bundling with other GEICO policies, like renters or homeowners insurance.
A few more available coverages from GEICO include:
Vehicle: GEICO will insure your motorcycle, RV, boat, collector or classic car, truck, and more.
Property: GEICO sells renters, homeowners, condo, mobile home, landlord, flood, and earthquake insurance.
Business: GEICO has insurance for businesses covering general liability, workers’ compensation, commercial auto, and more.
Personal: GEICO also offers travel, pet, jewelry, umbrella, identity protection, bicycle, and life insurance, among others.
How GEICO DriveEasy works
DriveEasy is GEICO’s usage-based telematics car insurance program, which uses a mobile app to assess your driving habits. If you participate in the program, GEICO uses information from the app to rate your policy and determine your premium.4 Safe driving habits could result in a discount, although GEICO’s website doesn’t specify exactly how much that discount could save drivers.
The app monitors your driving by tracking things like hard braking, phone usage, and how fast you drive around corners. While some usage-based insurance programs can use your car’s internal system or an attached sensor to track your driving, GEICO’s program is only available to smartphone users able to download the app. The GEICO DriveEasy Pro app is available in the App Store and Google Play and has moderate ratings in both.
With the Accident Assist feature, DriveEasy can detect a hard brake and will send you a notification to check that you’re OK. If you need help, GEICO can help contact emergency or other services.
GEICO’s usage-based insurance product scored in the top three for customer satisfaction in the J.D. Power 2024 U.S. Auto Insurance Study, behind Nationwide and USAA.5 While GEICO is available in all U.S. states and D.C., DriveEasy is only available in 37 states.