GEICO Insurance Reviews 2023: Everything You Need To Know

GEICO is the second-largest insurance firm in the United States, owned by Berkshire Hathaway Group.

Basically, GEICO sells a variety of insurance products, including home, business, pet, and life insurance, but its auto insurance is its most well-known.

According to data from Quadrant Information Services, GEICO is one of the cheapest vehicle insurance providers in the US, with an average full coverage cost of $1,405 per year. This is significantly less than the national average of $1,674 for full coverage vehicle insurance.

GEICO’s headquarters are in Chevy Chase, Maryland, but you can find the organization’s insurance products in all 50 states and Washington, D.C.

If you’re looking for insurance, knowing what makes GEICO different from the competition will help you decide if the business is perfect for you.

Answers to the most questions will put you up to speed with all that you need to know about GEICO: 

Check Out: How to Get Car Insurance without a License in 2023 |

What Is GEICO Auto Insurance Coverage Like?

GEICO vehicle insurance covers more than just automobiles. GEICO has the policy to cover your vehicle, whether it’s a car, truck, collectible automobile, or ATV.

Types of insurance coverage

  • Insurance for motorcycles
  • Insurance for ATVs
  • Automobile insurance for private individuals
  • Insurance for recreational vehicles
  • Insurance for rideshare and on-demand delivery drivers
  • Auto insurance for collectors
  • For driving in Mexico, you’ll need car insurance.
  • Insurance for commercial vehicles

With GEICO’s large choice of auto insurance policy types, you may cover all of your vehicles in one place, making insurance management much easier.

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What Is The Cost Of GEICO Auto Insurance?

The typical prices at GEICO are significantly cheaper than the national average cost of vehicle insurance in the United States.

In the United States, the average cost of minimum coverage is $565 per year. The average annual cost of a complete coverage is $1,674.

The following are the typical amounts paid by GEICO customers:

  • The average annual rate for GEICO’s minimal coverage is $433 per year.
  • The average annual premium for full coverage with GEICO is $1,405 per year.
  • Drivers who go for GEICO save an average of $132 on basic coverage and $269 on complete coverage.

GEICO’s low average rates could be attributed to the company’s extensive discount program. Savings are available for a variety of conditions, which could help keep rates low.

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What Is GEICO’s List Of Discounts?

Although discounts vary by state, GEICO offers a wide range of discounts, including:

  • Discount on a new vehicle
  • Discount for safe driving
  • Student discounts are available.
  • Discount for skilful drivers
  • Discount for wearing a seat belt
  • Military personnel receive a discount.
  • Discount for multiple vehicles
  • Discount for several policies
  • Employees of the federal government receive a discount
  • Discounts on vehicle accessories
  • Discounts for driver’s education
  • Employee discounts and membership discounts
  • Discount for emergency deployment

What Is GEICO Home And Renters Insurance Like?

GEICO homes and renters insurance protect you from a range of risks, including property damage and injuries caused by visitors.

Although each policy is different, reading your paperwork and discussing your coverage with your agent can help you understand what is covered.

However, most GEICO policies include:

  • Home insurance policies come in a variety of shapes and sizes.
  • Fire, wind, hail, and water damage to property
  • Furniture, clothing, appliances, and dishes are examples of personal property.
  • adornment (up to the specified limit)
  • Personal responsibility
  • Medical expenses
  • Hotel fees, for example, are additional living expenses.

Individual insurance policies exist. While most typical GEICO house insurance policies offer these coverage options, your policy may omit some of them.

If you review your policy with a licensed insurance professional, you may have a better understanding of your coverage.

Renters insurance policies come in a variety of shapes and sizes.

GEICO renters insurance is customizable, just like home insurance, so your policy may have different coverages than the ones mentioned below. A regular GEICO renters insurance policy covers:

  • Water, wind, and fire damage
  • Damage caused by smoke
  • Theft or vandalism
  • Injuries to visitors
  • Damage to someone else’s property because of an accident
  • If someone is hurt on your property, you may be responsible for medical and legal costs.
  • You’ll render expenses such as hotel bills if your flat or condo is uninhabitable.
  • Furniture, gadgets, appliances, or apparel that have damaged

You can also personalize your coverage by purchasing extra add-ons or endorsements. Insurance would cover high-value things, such as jewelry, sporting goods, or technology.

This review of Classic Car Insurance: What is it? And how does it work? will give you more insight on Insurance coverage.


By taking advantage of GEICO’s property insurance discounts, you may minimize your property insurance rate. Property insurance discounts, like vehicle insurance discounts, vary by state, so speaking with an agent may be the most effective approach to save.

The following are some of GEICO’s property discounts:

  • Discounts on home security systems
  • Sprinklers and smoke alarms discounts
  • Discounts for several policies

What Is GEICO’S Life Insurance Like?

GEICOlife insurance

They do not recognize GEICO for its life insurance products, but it provides three different coverage.

Term Life

One of the most frequent types of life insurance is term life insurance, which is recognized for being less expensive than permanent policies. Term insurance covers you for a set period, usually between 10 and 30 years. 

Term insurance is a fantastic choice if you’re on a tight budget or just require coverage for a short period, such as while paying off a mortgage. For those who may not pass a regular life insurance health check, GEICO offers a No-Med Exam coverage.

Whole life

Whole life insurance policies provide permanent coverage, which means they insure you for the rest of your life. As a result, they are usually more expensive than term policies. 

Whole life insurance frequently provides living benefits, such as cash value, that you can use to augment your income while you’re still alive.

Universal Life

Universal life is a type of permanent life insurance that offers a few additional benefits over the whole life.

Basically, Universal life insurance is a more flexible alternative for consumers who desire perpetual coverage but also want to change their policy. You may change your premium amount and death benefit with universal life insurance.

If you’re thinking about getting a GEICO life insurance policy, you might gain a quotation online. More information about life insurance and who can benefit from it can be found on the life insurance commonly asked questions website.

What Were The Complaints or Review And Customer Satisfaction Concerning GEICO?

According to three years of statistics from the National Association of Insurance Commissioners, GEICO had close to the predicted number of complaints to state regulators for auto insurance based on its size.

In two J.D. Power auto insurance studies from 2021, they ranked GEICO in the middle of the pack.

According to a 2021 J.D. Power study:

  • GEICO ranked 4th out of 8 companies in Auto insurance shopping;
  • GEICO ranked 8th out of 18 companies in Auto insurance claims satisfaction.

In a NerdWallet study performed online in July 2021, a group of GEICO customers gave the company an overall satisfaction rating of 77 out of 100. In comparison, the average score across seven insurers was 79, with the highest being 83.

The following people reviewed GEICO and expressed their dissatisfaction with it:

AM Best

AM Best is a non-profit organization that assesses a company’s financial health. A high financial score shows a corporation would be better able to handle a significant number of claims in a short time. AM Best’s financial strength rating is A++ (Superior), the highest available.

The National Association of Insurance Commissioners (NAIC) is a group of insurance regulators.

The National Association of Insurance Commissioners (NAIC) has given GEICO a 1.70 complaint index rating. Because a score of 1.00 implies that the NAIC receives an average number of complaints, GEICO’s 1.70 score shows that the NAIC receives a higher-than-average number of complaints.

Why Is GEICO A Great Option?

Regardless of the type of insurance you require, GEICO could be a good choice. Its rates are frequently lower than those of other businesses, and you may save a lot of money by combining and taking advantage of discounts.

Year after year, companies such as J.D. Power and AM Best give GEICO high marks. GEICO’s customer satisfaction scores and financial strength have repeatedly shown that the company can serve a diverse consumer base.

What Are The Other Additional Policies Offered By GEICO?

It will please customers who wish to merge their insurance products with one company to learn that GEICO offers more than just auto, house, renters, and life insurance.

Check out GEICO’s extra coverage options:

  • Insurance for businesses
  • Identity theft prevention
  • Insurance for jewelry
  • Overseas insurance is a type of insurance that covers you when you’re
  • Insurance for pets
  • Insurance for travel
  • Umbrella insurance
  • Insurance for boats and personal watercraft

How Can You Know More About GEICO?

Asides all you know about GEICO, you can find out More about GEICO auto insurance through:


On GEICO’s website, you may read about and gain quotes for several types of insurance, as well as file a claim or make a payment.

The site also offers a tool that allows you to find the cheapest gas station in your area.


GEICO’s iOS and Android app allows you to keep track of your policy and payment information, as well as access your digital vehicle insurance ID card, pay bills, and make claims.

You may also use the app to track your car’s maintenance history and request roadside help.

Voice Assistance:

GEICO’s virtual assistant is a component of the company’s mobile app that can answer insurance-related questions and offer policy details.

Amazon’s Alexa and Google Assistant may both access your GEICO account.

The phone number for GEICO is 800-207-7847.

Frequently Asked Questions (FAQs)

Is GEICO good for tight budgets?

If you’re on a tight budget, GEICO can be a suitable option because its prices are cheaper than those of many similar companies. This could be because of GEICO’s extensive list of discounts. Besides a mobile app and an online customer interface, GEICO offers great mobile tools. When shopping for vehicle insurance, however, collecting quotes from different firms that might meet your needs is always a good idea.

What are the requirements for an insurance quotation?

This depends on the sort of quote you require. You’ll need your address, date of birth, driver’s license number, and the vehicle identification number (VIN) of each automobile you wish to insure to get an auto insurance quotation. You’ll also need the personal information of any other drivers in your home. To get a home insurance quotation, you’ll need your name and date of birth, as well as some information about your home. Such as the year they built it, the age of your roof, and whether they have upgraded any key systems.

What channels are GEICO’s claims process available on?

GEICO’s claims process is available online, over the phone, and via their mobile app. When you are filing a claim with Geico,EICO definitely must make a provision for concia se description of what occurred, the location of the accident, and the date and time. It’s also a good idea to include your policy information, as well as the policy information, for any other parties involved.


GEICO provides reasonable coverage for many drivers and has a proven track record as a dependable auto insurance provider, making it the best choice for you.

Ensure that you have everything you require and that you will receive excellent service.



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