GEICO's average car insurance rates are typically 15-20% lower than the national average, making them one of the more affordable major insurers.
GEICO offers a wide range of discounts, including for good drivers, military/government employees, students, and safe vehicles, which can significantly reduce premiums.
While GEICO's basic coverage levels are similar to other major providers, they tend to have higher limits available for liability, collision, and comprehensive coverage.
GEICO's usage-based insurance program, DriveEasy, can provide up to a 30% discount for safe driving behaviors tracked through a mobile app.
GEICO's claims process is known for its efficiency, with customers reporting faster-than-average resolution times compared to other insurers.
GEICO's online quote tool and mobile app make it easy for customers to manage their policies and file claims digitally, a key advantage in the modern insurance landscape.
GEICO's customer satisfaction ratings are above average, though they trail a few top-tier insurers in J.D.
Power and Consumer Reports surveys.
GEICO is known for its extensive advertising campaigns featuring the iconic GEICO Gecko, which have contributed to its widespread brand recognition.
As a subsidiary of Berkshire Hathaway, GEICO benefits from the financial stability and resources of its parent company, which can help with claims payouts.
GEICO's roadside assistance program provides 24/7 coverage for things like towing, flat tire changes, and jump-starts, often at no extra cost to policyholders.
GEICO's rental car reimbursement coverage provides a daily allowance for a rental car while a customer's vehicle is being repaired after a covered accident.
GEICO's accident forgiveness program can prevent a driver's first at-fault accident from increasing their insurance rates, a unique offering among major insurers.
GEICO's mobile app allows customers to file claims, access their ID cards, and even purchase new policies directly from their smartphones.
GEICO's usage-based insurance program, DriveEasy, uses telematics to track driving behavior and can provide discounts of up to 30% for safe driving.
GEICO's accident forgiveness program is available to eligible customers who have been accident-free for five consecutive years, a longer requirement than some competitors.
GEICO's "Diminishing Deductible" feature allows customers to earn a $100 credit towards their deductible for every year they remain accident-free.
GEICO's rideshare coverage endorsement provides additional protection for drivers who use their personal vehicles for services like Uber or Lyft.
GEICO's military discount can save active-duty service members and their families up to 15% on their car insurance premiums.
GEICO's "Mechanical Breakdown Insurance" provides coverage for repair costs due to mechanical failures, a unique offering in the car insurance market.
GEICO's "Disappearing Deductible" feature allows customers to earn a $100 credit towards their deductible for every year they remain accident-free, up to a maximum of $500.