GEICO Insurance: Auto, Home, and Renters

Your shopping guide to GEICO auto, homeowners, and renters insurance. Discover coverages, discounts, and how to get quotes.

GEICO is the second-largest insurance company in the US, according to market share research from the Insurance Information Institute (III). Widely known for its cheap rates and memorable commercials, GEICO provides several types of insurance and services. However, it specializes in and ranks especially high for its auto coverage. GEICO has its corporate headquarters in Chevy Chase, Maryland, and operates in all 50 states and Washington, D.C.

In this guide, we’ll cover all you need to know about GEICO. We’ll break down the many types of insurance the company offers. This includes key information about specific coverages, discounts, rate factors, and more. We’ll also go over important GEICO company information, including its total number of agents, customer satisfaction ratings, and claims process.

Pros:

  • Competitive rates
  • Outstanding customer satisfaction ratings
  • Offers a wide variety of insurance
  • Well-established and stable company
  • Lots of auto insurance discounts

Cons:

  • Few local agents
  • Doesn’t offer gap insurance
  • Few homeowners insurance discounts

GEICO Auto Insurance

GEICO is the second-largest auto insurance company in the country by market share, per a report by the III. The company also maintains a high level of customer satisfaction. J.D. Power gave GEICO a score of 853 out of 1,000 for overall customer satisfaction. This number was good for seventh out of all other carriers in the US.

GEICO Auto Coverages

GEICO provides the standard selection of auto insurance coverages, plus a little extra. These coverages should be all you need to fully protect your car. Here are the coverage types that GEICO offers and a brief description of what they do for you:

  • Liability insurance. This pays for any costs that you cause to other parties in an accident, including injuries and property damage.
  • Collision coverage. Covers damages to your vehicle from a collision with another car or object.
  • Comprehensive coverage. Protects you from costs due to acts of “God,” such as natural disasters or crime. This also extends to rental cars.
  • Personal injury protection (PIP). PIP covers you or your passengers’ injury costs regardless of fault in an accident.
  • Medical payments coverage (MedPay). MedPay will pay for you or your passengers’ medical bills from a collision. This kicks in no matter who caused the accident.
  • Uninsured and underinsured motorist coverage (UM and UIM). This covers any expenses from an accident if the driver has no or too little insurance.
  • Rental reimbursement. This will pay for a rental car while your car is in the shop after an auto insurance claim.
  • Mechanical breakdown coverage. Covers car breakdowns, replacement parts, and other random mechanical issues.
  • Rideshare coverage. Protects you from accident expenses while you’re driving for a rideshare service, such as Uber or Lyft. Keep in mind that this only kicks in while you’re waiting for a new client. Otherwise, your rideshare app’s coverage should protect you.

While GEICO offers many types of coverage, you won’t be able to get gap insurance through them. To get gap coverage, you’ll need to buy from an auto dealer.

Emergency Road Service

GEICO offers 24/7 emergency roadside assistance to help when your car breaks down on the side of the road. Here’s what GEICO roadside assistance covers:

  • Towing
  • Dead battery jump-starts
  • Tire changes if you have a spare
  • Locksmith services if you can’t access your car (up to $100)
  • Winching if your vehicle gets stuck in a ditch, mud, or snow
  • Fuel delivery

To get roadside assistance, you must add it to your auto policy. GEICO says that you can get it for as low as $14 a year per vehicle.

How to Request GEICO Roadside Assistance

You can request roadside coverage from GEICO online, on the mobile app, or by calling the GEICO roadside assistance phone number (800) 424-3426. However, GEICO recommends getting help online or on the app, as it’s usually much quicker than trying to get it over the phone.

Auto Insurance Policy Term Length

Most GEICO policy periods last six-months. Some drivers may be able to get a 12-month term. But only if their driving record is spotless. GEICO prefers the pricing flexibility from terms of this length. It should come as no surprise that GEICO doesn’t offer short-term or temporary car insurance policies.

High-Risk Auto Insurance

GEICO provides coverage to high-risk drivers. These people have lot of tickets or accidents on their driving record. Some high-risk drivers only have one violation. However, it’s normally a big one like a DUI or reckless driving conviction. High-risk insurance isn’t cheap, either. Non-standard auto insurance costs far more than standard policies.

Insurance for Rebuilt Title Cars

Does GEICO insure rebuilt titles? Yes, they do. GEICO often covers cars with state-assigned rebuilt salvage titles. These cars were once declared a total loss and issued a salvage title. Almost no one will insure a salvage car. The reason for this is that salvages aren’t street-legal. Once repaired and certified, the state issues a new rebuilt salvage title that allows you to drive it again.

Once the state thinks your rebuilt title car’s safe to drive, GEICO will probably cover it. You should, however, expect to pay a little more to insure a car with a rebuilt title because of the its claim history. A rebuilt vehicle is certain to have at least one major claim. You may also find it hard to get full coverage on a rebuilt title. Many insurers only offer liability coverage to a car with “rebuilt” branded on the title.

How to Get a GEICO Quote

You’ll want to get a quote from GEICO if you’re considering getting car insurance from the company. You can do this in any of the following three ways:

  • By visiting GEICO.com and filling out the quote form on the front page
  • Calling (800) 207-7847
  • Contacting a GEICO agent

GEICO will want some personal information from you to complete your quote. This helps them give you a personalized and accurate rate. You may have to provide the following to GEICO before you can get a quote:

  • First and last name
  • Sex
  • Date of birth
  • Marital status
  • Address and ZIP code
  • Social security number
  • Contact info (e.g., phone number and/or email address)
  • Driver’s license number of each driver you want to insure
  • Make, model, VIN, and annual mileage of each car you want to insure
  • Whether you own, finance, or lease your car
  • How you drive your car (e.g., commuting, business, or leisure)
  • Desired coverage and limits
  • If there have been any tickets or accidents on your driving record, especially in the last five years

The above may appear like quite a bit of info to give out, but it’s necessary for two reasons. The first is so that GEICO can identify you as a real person. And the second reason is because GEICO needs it to completely understand your situation. This way you’ll be able to get the best, most fair rate.

Note: you may not get a final rate by filling out an online GEICO quote form. In most cases, you may have to talk to an agent or representative from the company before you’ll find out your final price.

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GEICO Auto Rates

How much you pay for car insurance depends on many factors. GEICO, like other insurers, will consider several details about you to decide how much to charge you each month. Insurers use these details to assess your risk level as a driver and customer. Below are the most common rate factors that insurers like GEICO consider:

  • Driving record
  • Driving experience
  • Where you live
  • Car make and model
  • Yearly car mileage

While rate factors can cause you to pay more for insurance, you can still lower your costs. GEICO offers plenty of discounts to help you lower your rates. Many of which are easy to qualify for. Some discounts can lower your rates a lot.

GEICO’s auto insurance rates are already among the lowest in the nation. This is because the company sells direct-to-consumer. There are fewer costs associated with selling directly to each customer, so rates are lower as a result.

GEICO Auto Discounts

GEICO offers numerous auto insurance discounts to its customers. These discounts are an easy and effective way to save a bunch of money each month. Below are GEICO’s discounts and how you can qualify for them:

Vehicle Equipment Discounts

Safety equipment in vehicles helps reduce the number of accidents and injuries. GEICO understands this and uses these discounts to encourage their customers to own cars with modern safety features.

Airbag Discount

Cars with airbags receive a discount of up to 23% off Medical Payments (MedPay) or Personal Injury Protection (PIP) coverage.

Anti-Lock Brakes Discount

Cars with a factory-installed anti-lock braking system can receive a 5% discount on certain coverages.

Anti-Theft System Discount

The anti-theft discount protects your pocketbook and your car when your car has built-in anti-theft devices. This discount can save you up to 23% on your comprehensive coverage.

Daytime Running Lights Discount

When your car comes with factory-installed daytime running lights, you can save 3% on certain coverages.

New Vehicle Discount

The new car discount applies to vehicles three model years or newer. Owners of new cars can take up to 15% off certain coverages.

Driving History & Habits Discounts

Good drivers are safe drivers. Safe drivers file fewer claims. This saves GEICO, and its customers, money.

Five Year Accident-Free Good Driver Discount

GEICO’s version of the accident-free and good driver discount share one discount with a very long name. And it makes a lot of sense. Good drivers don’t get into as many accidents. If you can go five years without an accident, GEICO will reward you with a discount of up to 22% off most coverages.

Seat Belt Use Discount

Obeying local seat belt laws pays off big when you and your passengers wear seat belts. Buckle up and GEICO will discount your MedPay or PIP coverage.

GEICO DriveEasy

DriveEasy is a new program from GEICO that encourages safe driving by tracking and logging motorists through a phone app. Safe drivers may see huge savings in the form of a discount. And who could argue with that? It sounds pretty good, right? For many it will be. But some drivers could see rate increases if the app detects unsafe driving. Luckily, DriveEasy is an optional program. So, you can decide on your own if you want to try it.

This program isn’t available in every state. So, check GEICO’s website for availability and requirements.

GEICO Driver’s Education Discounts

Skilled drivers get into fewer car crashes. By taking the time to learn safe driving practices, everybody wins!

Defensive Driving Discount

Many car insurance companies offer a discount upon completion of a defensive driving or driver education course. GEICO is one of them. However, this discount varies by name, qualifications, and state. Please visit GEICO’s defensive driving page or contact your agent for more details.

GEICO doesn’t offer the defensive driving discount in the states of HI, MA, MI, NC, and VT.

Driver’s Education Discount

After a young driver in your family takes and finishes a driver’s education course, you can get a discount on most car insurance coverages.

Good Student Discount

Full-time college and high school students 25 and younger with good grades, a “B” average or better, can get the good student discount and save up to 15% on certain coverages. GEICO will expect you to provide proof of academic achievement.

GEICO Driver Affiliation Discounts

Your memberships in groups and organizations and even your employment can result in huge savings in the form of GEICO affiliation discounts.

Emergency Deployment Discount

This discount takes up to 25% off auto insurance for service members during emergency deployments to danger zones.

Federal Employee Discount (Eagle Discount)

Active or retired federal employees that qualify for the Eagle Discount may see a discount of up to 12% on their total auto insurance bill.

Membership and Employee Discount

GEICO extends an auto insurance discount to over 500 groups.

Military Discount

This discount applies to all active duty or retired military personnel and members of the National Guard or Reserves. GEICO says this discount can save military members up to 15% on certain coverages.

GEICO Customer Loyalty Discounts

GEICO encourages policyholders to keep all their policies under one roof. So, if you have more than one car or one car and renters or homeowners insurance, GEICO offers sweet savings to customers when they bundle policies.

Multi-Vehicle Discount

The multi-car discount applies when you insure two or more cars with GEICO. This discount can save you up to 25% on most car insurance coverages.

Multi-Policy Discount

This is GEICO’s version of insurance bundling. When you bundle your auto insurance together with a homeowners, renters, condo, or mobile home policy through the GEICO Insurance Agency, you can get a discount on your car insurance.

Filing an Auto Insurance Claim with GEICO

You can file a car insurance claim with GEICO in a couple of easy ways. One method is to report a claim on their website’s claims center or their mobile app. Here, you’ll need to select the type of claim you need to file and continue through the claim form. Another way to file is by calling their phone number at (800) 841-3000.

When you file a claim with GEICO, you’ll need to provide some info about the accident. This includes:

  • Date and time of the accident
  • An account of the incident
  • Responding police contact info
  • Where the accident happened
  • Photos of the damage and scene
  • Info about the other parties involved

Key Takeaway

As an auto insurance provider, GEICO seems like a good choice. The insurer offers many types of coverage to help you avoid unnecessary out-of-pocket costs, including roadside assistance and mechanical breakdown coverage. There are also plenty of discounts for you to lower your rates. What you’re getting with GEICO is a complete auto insurance package that can help you protect your car and finances effectively.

GEICO Homeowners Insurance

GEICO offers homeowners insurance as one of its main products. This covers several types of disasters that can wreak havoc on your home and wallet. Below is a breakdown of what GEICO offers with their homeowners insurance:

GEICO Homeowners Coverages

Home insurance typically includes four major coverage types. GEICO offers all of the standard homeowners coverages and even more. Here’s a detailed review of you can get and how each coverage works:

  • Property damage. Covers the physical structure of your home and other buildings on your property.
  • Personal property. Pays for damages to your personal property, no matter where they are.
  • Jewelry coverage. Raises coverage limits for your jewelry to help you replace it.
  • Personal liability. Protects you from damages or injuries that you or household members (including pets) cause to other people or property.
  • Medical bills. Pays for medical bills if guests or other non-household members get hurt on your property.
  • Additional expenses. This covers any living expenses you have while your house is uninhabitable because of a covered disaster.

GEICO Homeowners Discounts

GEICO doesn’t offer much in the way of homeowners insurance discounts. But there are still ways you can save money on your home insurance:

Bundling Your Insurance

You can save lots of money by taking advantage of the multi-policy discount with GEICO. All you need to do is buy both auto and homeowners policy from GEICO and you could be in line for a major discount. This is a form of customer loyalty discount.

The exact amount of savings will vary. Be sure to check with your GEICO agent to see how much you’ll save by bundling.

Setting a High Deductible

Another way to save on your home insurance is by setting a high deductible. By doing so, you’ll end up paying less each month. This is because you’re taking on more financial risk than if you had a low deductible.

Note: only do this if you can afford to pay a high deductible. Home insurance deductibles are often worth a percentage of your home’s value and can be very expensive. Be sure you’re completely comfortable paying the amount if a disaster were to strike.

GEICO Homeowners Endorsements

Home insurance endorsements or riders are a way to add extra coverage to your policy. GEICO offers many endorsements, including:

  • Scheduled personal property. This raises coverage limits for specific items, such as jewelry, furs, or expensive art.
  • Identity theft protection. Covers costs that identity theft and cyber-crime cause. It’ll also monitor your identity and shield it from cyber-criminals.
  • Sewer and sump-pump backup. Protects against sewer and sump-pump backups that can flood and damage your property.

GEICO Homeowners Rate Factors

Insurers consider many factors when they’re pricing your homeowners insurance. These include facts about you and your home. Below are common rate factors that GEICO may consider:

  • Value of your home
  • Type of policy
  • Where you live
  • Credit score
  • Replacement cost vs. actual cash value (ACV)

Filing a Homeowners Insurance Claim

With GEICO, you can easily file a homeowners insurance claim. You can either do so online or with their mobile app. Otherwise, you may call GEICO at (800) 841-3000 and file over the phone.

Key Takeaway

GEICO’s home insurance is fairly standard. It includes several types of coverages to fully protect your house from disaster. You can also add extra coverage through endorsements. But there aren’t many discounts to help you save money on your homeowners policy. With GEICO, you can protect your home, but it may cost you extra because you won’t be able to lower your rates much outside of bundling and setting a high deductible.

GEICO Renters Insurance

GEICO provides renters insurance policies for tenants to protect their property. Renters insurance is an affordable way to avoid large losses if a disaster, such as a fire or crime, were to hit. Here’s a detailed summary of GEICO’s renters insurance:

GEICO Renters Coverages

Renters insurance’s coverage types are very similar to homeowners, aside from covering the physical structure of the home. GEICO’s renters insurance includes all of the basic coverage options. Here’s exactly what GEICO offers:

  • Personal property coverage. GEICO’s renters insurance policies include personal property coverage. This covers any belongings in your rental unit.
  • Personal liability protection. Renters liability protection covers damages or injuries you or other household members cause to someone else’s property.
  • Additional expenses coverage. This covers any additional living expenses while your rental unit isn’t in a livable condition.

GEICO Renters Discounts

GEICO offers a few different renters insurance discounts. Here are the best ways to save money if you buy renters with the company:

  • Get the multi-policy discount. Bundling your auto and renters insurance policies can save you a lot of money. Savings can vary, though. It’s best to check with your GEICO agent to see how much you can save.
  • Setting a high deductible. A high deductible will result in lower rates. Only raise your deductible if you’re able to pay a larger amount when you file a claim.
  • Living in a building with fire or smoke alarms. Fire and smoke alarms can get you a discount on your renters insurance policy. Fire extinguishers also count toward this discount.
  • Living in a building with a home security system. Security systems in your apartment building or rental home can get you a discount. This includes measures like security staff or burglar alarms.

Extra Coverage Options

GEICO allows you to add extra coverage to your policy by using endorsements. Below are additional coverages that GEICO offers:

  • Identity protection. GEICO offers additional coverage to protect your identity. It covers costs associated with protecting and restoring your identity.
  • Scheduled personal property. This allows you to raise coverage limits for valuable items, such as jewelry or antiques, inside or outside of your rental unit.
  • Sump-pump or sewer backup. Covers water damage that sump-pump or sewer backups cause to your personal property.

GEICO Renters Rate Factors

GEICO calculates your renters insurance rates based on many different factors. These factors tell GEICO how risky you are as a customer. Here are common renters insurance rate factors:

  • Where you live
  • How high or low your deductible is
  • How much coverage you buy
  • Claim history
  • Credit rating (only in states that allow it)

Filing a Renters Insurance Claim

Like with home and auto, filing a renters insurance claim with GEICO is a simple process. To do so, you can visit their claims center online or with their mobile app. It’s also an option to file over the phone by calling their number at (800) 841-3000.

Key Takeaway

GEICO offers a complete renters insurance product with many discounts to boot. You can get all of the basic coverage options you need to protect your personal belongings and finances. There are also a few different ways to save money with discounts. Overall, GEICO is a good option for renters insurance based on what their product includes.

GEICO Company Information

Per the National Association of Insurance Commissioners (NAIC), GEICO owned 6.47% of the property/casualty insurance industry and wrote over 51 billion premiums in 2021. These impressive numbers made them second place in the country, just behind State Farm.

Here are some more facts about GEICO:

  • Primary specialization: auto insurance
  • Revenue: $37.7 billion
  • Number of employees: 43,000
  • Number of offices: 18
  • Parent company: Berkshire Hathaway
  • CEO: Todd Combs
  • Headquarters: 5260 Western Avenue, Chevy Chase, MD 20815

History

The Government Employees Insurance Company, now just known as GEICO, was founded in 1936 by married couple Leo Goodwin Sr. and Lillian Goodwin. As one could tell by looking at the company’s original name, the two started it as an auto insurance provider for federal government employees (including the military) and their family members. It wasn’t until 1974 that GEICO began to offer insurance to the public.

In 1996, GEICO became a wholly-owned subsidiary of Berkshire Hathaway. Over time, the company has expanded into many areas of insurance. Today, auto, home, renters, life, and even rideshare coverage are among its available services.

Most people know GEICO for its entertaining TV commercials and ad campaigns. Of course, the GEICO Gecko is the most iconic and has become the company’s spokesperson. Since his debut in 2000, he’s been telling us all about how much you can save by switching to GEICO.

Customer Satisfaction

GEICO enjoys outstanding customer satisfaction ratings from many sources. This includes scores from well-known organizations such as A.M. Best, S&P Global, the Better Business Bureau, and more.

Here are up-to-date customer satisfaction ratings for GEICO:

Each year, J.D. Power releases a study on the best auto, home, and renters insurance companies. It rates each company on a scale of 1,000 points. J.D. Power breaks the auto insurance study up into four of the largest states and seven regions. On the other hand, the service bases both the homeowners and renters studies on satisfaction ratings for the entire country.

GEICO was constantly in the top ten in each state and region in J.D. Power’s 2022 auto insurance study. The company had an average car insurance customer satisfaction score of 835 from J.D. Power. GEICO didn’t appear on J.D. Power’s list of top companies for home and renters insurance.

Claims Process

You can file an insurance claim with GEICO on their website, app, or over the phone. To avoid sometimes lengthy hold times, GEICO recommends filing online or on the mobile app.

Below are some useful links if you need to report a claim to GEICO:

GEICO claims hotline: (800) 841-3000

Mobile Apps

GEICO’s Mobile App gives you a wide array of tools to manage your insurance. Below are some of its main features:

  • Digital Insurance ID Cards. This allows you to access your ID cards on your phone. In most states, this counts as valid proof of insurance.
  • Roadside Assistance. With this, you can call for help on the side of the road. GEICO claims this is the fastest way to get roadside assistance.
  • Easy Photo Estimate. This lets you submit a picture of your car’s damage to get a quick estimate.
  • Apple Messages for Business. This feature integrates with Apple Messages and allows you to chat with your agent and get answers to various questions.
  • Virtual Assistant. Have questions about your GEICO insurance? This feature provides 24/7 access to answers to frequently asked policy, billing, and other insurance questions.
  • Vehicle Care. This gives you a helpful way to track certain things about your car, such as its service history and routine maintenance checks.

Download links:

GEICO DriveEasy Mobile App

GEICO’s DriveEasy program gives drivers a great opportunity to save on their car insurance through safe driving. All you have to do is download the app and let it start tracking your driving habits, such as how hard you brake, acceleration, and driving speeds. If you’re a safe driver, you could get a discount.

Download links:

Contact Information

Mailing address:

GEICO Insurance

One GEICO Plaza

Washington, D.C. 20076

Phone number:

(800) 207-7847

Customer resources:

24/7 roadside assistance hotline:

(800) 424-3426

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