Established in 1936, GEICO is an insurance provider in the US. It offers a wide variety of insurance products. The low rates do not necessarily mean to poor service. Am gonna explore the ins-and-outs of GEICO as an auto insurer in our 2020 review.
Let me review the more unique features of GEICO insurance.
Accident forgiveness
This is offered as an optional policy add-on. Your rate won’t increase after the first at-fault accident. It also works on a per-policy basis, meaning only one use per policy period.
Rental reimbursement
The coverage handles the costs if your vehicle is undrivable due to a covered claim. GEICO normally excludes normal wear-and-tear or mechanical issues. This will provide you with a rental car for a few days based on your coverage.
Emergency road service
If you bought comprehensive coverage, you can add the roadside assistance. With this coverage, you are able to get help for the following:
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- Jumpstarts for dead batteries
- Labor to change a tire
- Lockout services
Mechanical breakdown insurance
GEICO is one of the few car insurance companies offering mechanical breakdown insurance (MBI). This acts as an extended warranty, covering your vehicle in the event of mechanical failures that are not in the coverage on a standard car insurance policy. This excludes damage occurring in a car accident. MBI is subject to a deductible.
GEICO rideshare insurance
If you have a rideshare company like Uber or Lyft, GEICO offers insurance coverage to make sure your vehicle is fully covered.
These are other companies to which the rideshare coverage applies:
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- Amazon Flex
- Grubhub
- DoorDash
- Instacart
- Postmates
- Uber Eats
GEICO car insurance discounts and reward programs
GEICO offers many discounts for young and experienced drivers alike. Below are GEICO’s top discounts.
Discounts based on your vehicle’s equipment
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- Airbags: 25-40% savings
- Anti-lock brakes: 5%
- Anti-theft system: 25%
- Daytime running lights: 1%
Good driver
26%. If you have a clean driving record for at least three years, you can earn this good driver discount.
Senior driver discount
Varies. If you are over age 50, have been accident-free in the past three years, and have no drivers younger than 25 on your policy, you can qualify for this discount.
Good student
15%. If you or your student is aged 16 to 24 and has a GPA of ‘B’ or better, you can earn up to 15% off.
Driver’s education course
Varies. If you’re a learner, completing a driver’s ed course can earn you a discount on most policies.
Defensive driving
Varies by state. If you’ve completed an approved defensive driving course, you can receive a discount on your insurance policy.
Emergency deployment
25%. If you serve in the military, you can receive a discount that applies to your entire insurance policy.
Seatbelt use
The 15% discount applies to your medical coverage or personal injury coverage. If you and your passengers always wear your seatbelts, you can earn up to 15% off.
Member and employee discounts
Varies. Other employees have relationships with GEICO which can earn you a discount. These can be based on occupation — such as police officers and firefighters — or alumni organizations.
Military discounts
15%. Active and retired military members can earn up to 15% off their insurance policy with GEICO.
Multi-policy discount
Varies. If you have more than one policy with GEICO,you are considered for a variable discount. It is considered a loyalty discount.
Multi-vehicle discount
25%. By insuring more than one vehicle with GEICO, you can earn up to 25% off your entire policy.
Federal employee discount
8%. You will qualify for this if you’re an active or retired federal employee.
GEICO DriveEasy
Varies. DriveEasy is a telematics program, that gives you a driving score based on your driving skills. Once you download the app, it detects and tracks your movements and evaluates your driving skills to help encourage you to be a better, safer, and more defensive driver.
