Geico Insurance Review: Best Pros and Cons of Geico Insurance

Are you looking for an insurance company that provides affordable rates, easy-to-use online tools, and excellent customer service? Geico Insurance is definitely worth considering. With over 16 million customers and an A++ rating from A.M. Best for financial stability, Geico is one of the largest and most reputable insurance companies in the country. In this Geico Insurance review, we will cover everything you need to know before choosing Geico as your insurance provider.

Geico Insurance Overview

Geico Insurance, which stands for Government Employees Insurance Company, was founded in 1936 by Leo Goodwin Sr. and his wife Lillian to provide auto insurance to government employees. Since then, the company has expanded its services to include more than just car insurance, offering customers a variety of personal insurance products including home, renters, motorcycle, RV, and more. Geico also provides commercial insurance for small businesses, government entities, and organizations.

As a subsidiary of Berkshire Hathaway, Geico has access to significant financial resources and is well-equipped to handle even the most complex claims. The company prides itself on its commitment to customer service and offers a variety of tools and resources to make managing your policy simple and stress-free.

Geico Insurance Pros

1. Affordable Rates

One of the biggest advantages of Geico Insurance is its affordability. Geico offers some of the lowest rates for auto insurance in the industry, making it an excellent option for drivers on a budget. In fact, Geico is known for its slogan “15 minutes could save you 15% or more on car insurance.” But don’t let the low prices fool you – Geico still provides top-notch coverage and customer service.

2. Easy-to-Use Online Tools

Geico’s website is user-friendly and offers a variety of tools and resources to help you manage your policy online. From paying your bill to filing a claim, Geico makes it easy to take care of your insurance needs from the comfort of your own home. The company also offers a mobile app that lets you access your policy information and documents on the go.

3. Excellent Customer Service

Geico is known for its exceptional customer service. The company has won numerous awards for its customer satisfaction, including the 2019 J.D. Power Insurance Shopping Study. Geico’s customer service representatives are knowledgeable and friendly, and the company also offers a 24/7 claims service so you can get help whenever you need it.

4. Variety of Insurance Products

Geico offers a wide variety of personal insurance products, including home, renters, motorcycle, RV, and more. This means you can get all of your insurance needs taken care of in one place. Geico also provides commercial insurance for small businesses, government entities, and organizations.

Geico Insurance Cons

1. Limited Availability

While Geico is a national insurance company, it is not available in all states. If you live in an area where Geico does not offer insurance, you will need to look for another provider.

2. Limited Personalized Coverage Options

Geico’s policies are not as customizable as some other insurance providers. This means you may not be able to get the exact coverage you need if you have unique insurance needs. However, Geico does offer a variety of add-ons and discounts that may help you tailor your policy to your needs.

3. Not Ideal for High-Risk Drivers

If you have a less-than-perfect driving record, Geico may not be the best option for you. While Geico does offer coverage for high-risk drivers, the rates may be higher than other providers.

Geico Insurance Coverage Options

Geico offers a variety of coverage options for its customers, including:

Auto Insurance Coverage Options	Homeowners Insurance Coverage Options
Bodily Injury Liability	Dwelling Coverage
Property Damage Liability	Personal Property Coverage
Collision Coverage	Liability Coverage
Comprehensive Coverage	Guest Medical Protection
Uninsured/Underinsured Motorist Coverage	Loss of Use Coverage

In addition to these coverage options, Geico also offers a variety of add-ons and discounts that can help you tailor your policy to your needs.

Geico Insurance Discounts

Geico offers a variety of discounts to help its customers save money on their insurance premiums. Some of the most popular discounts include:

• Multi-Policy Discount: Save up to 25% by bundling your home and auto insurance with Geico.
• Good Driver Discount: Save up to 26% if you have been accident-free for at least five years.
• Good Student Discount: Save up to 15% if you are a full-time student with a B average or higher.
• Defensive Driving Course Discount: Save up to 5% by completing an approved defensive driving course.
• Military Discount: Save up to 15% if you are an active duty or retired member of the military.

Geico Insurance FAQs

1. How Can I Get a Quote from Geico?

You can get a quote from Geico by visiting their website, calling their toll-free number, or contacting a local Geico agent. You will need to provide some basic information about yourself and your vehicle (if you are getting an auto insurance quote) to get a quote from Geico.

2. How Can I File a Claim with Geico?

You can file a claim with Geico by calling their 24/7 claims hotline, visiting their website, or using the Geico mobile app. You will need to provide some basic information about the accident or incident and submit any necessary documentation to complete the claims process.

3. Does Geico Offer Roadside Assistance?

Yes, Geico offers roadside assistance as an optional add-on to its auto insurance policies. Roadside assistance includes services like towing, jump-starts, tire changes, and fuel delivery.

4. What is Geico’s Cancellation Policy?

You can cancel your Geico policy at any time by contacting Geico customer service or your local agent. Depending on the circumstances, you may be charged a cancellation fee.

5. How Long Has Geico Been in Business?

Geico was founded in 1936, meaning the company has been in business for over 85 years. In that time, Geico has grown to become one of the largest and most reputable insurance companies in the country.

Conclusion

Overall, Geico Insurance is an excellent choice for anyone looking for affordable rates, easy-to-use online tools, and excellent customer service. While there are some limitations to Geico’s coverage options and availability, the company’s reputation and financial stability make it a reliable choice for insurance coverage. Be sure to compare rates and coverage options from a variety of insurance providers before making your final decision.