Geico car insurance review 2023
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BLUEPRINT
Published 9:00 a.m. UTC July 26, 2023
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Geico
Pros
- Great rates for senior drivers, young drivers and 16-year-olds on a parent policy.
- Below average rates for good drivers and drivers with accidents and speeding tickets.
- Drive Easy usage-based insurance can unlock potential savings for good drivers.
Cons
- Average rates for drivers with a DUI.
- Gap insurance, rideshare coverage and new car replacement coverage not offered.
- Bundling discount for auto and home coverage is only 8% on average.
Why trust our insurance experts
Our team of experts evaluates hundreds of insurance products and analyzes thousands of data points to help you find the best product for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.
- 780 companies analyzed.
- 7,800 rates reviewed.
- 5 levels of fact-checking.
Does Geico have good car insurance?
Geico’s competitive rates for a wide range of age groups and drivers with various driving records help it secure a spot in our best auto insurance and cheapest car insurance ratings.
Drivers who need the lowest premiums but do not qualify for USAA should make sure they get a car insurance quote from Geico.
Known for clever marketing and low rates for drivers of all ages, Geico is a good choice for those on a budget. Drivers can seek lower premiums with Geico through several discounts, including multi-policy and multi-vehicle. Drivers who participate in Geico’s DriveEasy usage-based insurance program can earn lower rates for good driving behavior, though risky driving could actually lead to premium increases.
While Geico offers a wide range of coverages, the auto insurance provider is notably missing gap insurance and rideshare insurance. It also has less than competitive discounts for customers who choose to bundle home and auto insurance policies.
Geico compared to other top car insurance companies
| Company | Our rating | Average annual cost | Complaint level | LEARN MORE | ||
|---|---|---|---|---|---|---|
| American Family | 5.0 stars | $2,176 | Very low | Compare Rates | Compare rates offered by participating partners | |
| Auto-Owners | 5.0 stars | $1,628 | Low | Compare Rates | Compare rates offered by participating partners | |
| Nationwide | 5.0 stars | $2,041 | Very low | Compare Rates | Compare rates offered by participating partners | |
| USAA | 5.0 stars | $1,412 | Average | Compare Rates | Compare rates offered by participating partners | |
| Geico | 4.5 stars | $1,716 | Average | Compare Rates | Compare rates offered by participating partners | |
| Travelers | 4.5 stars | $1,852 | Very low | Compare Rates | Compare rates offered by participating partners | |
| Westfield | 4.5 stars | $1,759 | Very low | Compare Rates | Compare rates offered by participating partners | |
| Allstate | 3.5 stars | $3,000 | Low | Compare Rates | Compare rates offered by participating partners | |
| Farmers | 3.5 stars | $2,381 | Low | Compare Rates | Compare rates offered by participating partners | |
| Progressive | 3.5 stars | $2,157 | Low | Compare Rates | Compare rates offered by participating partners | |
| State Farm | 3.5 stars | $1,959 | Low | Compare Rates | Compare rates offered by participating partners | |
| Erie | 3.0 stars | $2,144 | Low | Compare Rates | Compare rates offered by participating partners | |
| Safe Auto | 1.0 stars | $2,647 | Very high | Compare Rates | Compare rates offered by participating partners |
Types of car insurance coverage offered by Geico
You can get full coverage auto insurance with Geico, as well as additional coverage for a more robust policy. Here’s everything Geico offers drivers:
- Liability car insurance.
- Collision and comprehensive car insurance.
- Uninsured and underinsured motorist coverage.
- Nonowners insurance.
- Accident forgiveness (not available in all states).
- Usage-based insurance.
- Medical payments.
- Personal injury protection.
- SR-22.
- Rental reimbursement.
- Emergency road service.
- Mechanical breakdown insurance.
Other insurance products from Geico
Geico may be well known for its car insurance, but it offers a wide range of policies. In fact, if you carry auto insurance with Geico, it’s a good idea to see what other policies you can add to take advantage of bundle discounts.
Geico’s full list of other insurance options includes:
- Earthquake insurance.
- Flood insurance.
- Homeowners insurance.
- Life insurance.
- Pet insurance.
- Renters insurance.
- Travel insurance.
- Umbrella insurance.
- ATV.
- Boat and personal watercraft.
- Business.
- Car insurance for Mexico.
- Condo.
- Collector car.
- Commercial auto.
- Co-op.
- Event.
- Identity protection.
- Jewelry.
- Medical malpractice.
- Mobile home.
- Motorcycle.
- Overseas.
- Snowmobile.
Geico car insurance reviews
Low prices, a user-friendly approach and brand recognition inspire customers to sign up for Geico — the insurance provider has more than 18 million auto policies in force covering more than 30 million vehicles.
But what do current customers think about Geico? Geico generates slightly more customer complaints than the industry average, according to data from the National Association of Insurance Commissioners (NAIC).
While customer complaints vary, car insurers like Geico tend to receive criticism for claims delays, nonrenewals and unsatisfactory settlements.
Given that some of Geico’s big-name competitors — like Nationwide, Progressive, State Farm and Allstate — have fewer than average complaints, drivers should include those insurers as they gather car insurance quotes.
Methodology
Our insurance experts evaluated top car insurance companies in the nation to determine which offer the best auto insurance based on average rates, coverage features, collision claims process and consumer complaints.
Each car insurance company was eligible for up to 100 points, based on its performance in the following key categories:
Cost: 50 points. We analyzed rates from Quadrant Information Services based on seven driver profiles for a policy with 100/300/100 in liability coverage, uninsured motorist coverage and comprehensive and collision coverage. We awarded up to 50 points based on insurers’ average rates for:
- Drivers in various age groups.
- Drivers with bad credit.
- Good drivers.
- Drivers with infractions, such as speeding tickets, an accident or a DUI on their record.
Consumer complaints: 30 points. We collected complaint data from the National Association of Insurance Commissioners, which shows the volume of car insurance consumer complaints against each company. When a consumer lodges a complaint to their state’s department of insurance — often about an insurance company’s claims process, delays, denials or settlements — these complaints are logged and tracked.
Car insurance coverage features: 15 points. Car insurance policy features can help make coverage more affordable both before and after an accident or covered incident. We evaluated car insurance policies offered by each insurer and awarded points to insurers that offered these valuable benefits:
- Accident forgiveness (5 points).
- New car replacement (5 points).
- Vanishing deductible (5 points).
SR-22 availability: 5 points. After a major traffic violation, some drivers must provide proof that they have the type and amount of coverage required by their state. Proof of coverage is obtained through an SR-22 filing, but not all insurers offer SR-22. Insurance companies that offer SR-22s were awarded points.
No, Geico does not offer gap insurance. If you finance a vehicle and it’s stolen or totaled, gap insurance covers the difference between what you still owe on the car and the car’s current value.
If you want a policy that offers gap insurance, consider getting quotes from Auto-Owners, Nationwide or Travelers. Each earns a spot in our best auto insurance rating and offers gap insurance.
Yes, Geico offers full coverage auto insurance, which consists of liability, comprehensive and collision insurance.
Full coverage car insurance policies will also typically include any other state-mandated coverages, such as personal injury protection (PIP) or medical payments coverage (MedPay).
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
