KacaTeknologi – GEICO Insurance or Government Employees Insurance Company is an American private car insurance company that is quite well known, especially in the car sector. On the other hand, GEICO is also a subsidiary of Berkshire Hathaway, which at least provides insurance for more than 24 million motor vehicles.
Then what about the review of Geico Insurance? is it worth it?
What We Need to Know About Geico Auto Insurance
The Bureau (BBB) and an A++ monetary energy ranking from AM Greatest indicate good enterprise practices and a superior capacity to fulfill buyer claims obligations. Geico insurance coverage evaluations from clients are additionally constructive on the entire.
| Overall Rating | 9.1 |
| Reputation | 9.5 |
| Availability | 9.6 |
| Coverage | 8.3 |
| Cost | 8.6 |
| Customer Experience | 9.3 |
Those ratings are determined by the score below, let’s break it down one by one starting from the Geico Insurance Cost.
Geico Insurance Cost
As we know, Geico claims could provide cheap car insurance other than its competitors. Perhaps you’re curious how cheap is it? please refer to the details below to know more:
| Car Insurance Provider | Average Annual Cost Estimate |
| USAA | $1,013 |
| Auto-Owners Insurance | $1,229 |
| Erie Insurance | $1,113 |
| State Farm | $1,339 |
| Geico | $1,352 |
| Progressive | $1,397 |
| Nationwide | $1,533 |
| Travelers | $1,617 |
| Farmers | $2,032 |
| The Hartford | $2,166 |
| Allstate | $2,430 |
Okay, what can we conclude? Yes, Geico is cheap, but some of its competitors have more most reasonable Average Annual Cost. Nevertheless, Geico also offers another benefit for their customers, especially in discounts.
Geico Discounts
| Geico Discounts | Description |
| Multi-policy discount | Get reductions in your insurance coverage premiums once you hyperlink house and auto insurance coverage. |
| Multi-vehicle discount | Save as much as 25% once you add a second car to your coverage. |
| New car discount | Earn as much as 15% off your coverage in case your car is three model years previous or newer. |
| Good driver discount | Obtain a reduction of as much as 22% off your coverage for those who’ve been accident-free for 5 years. |
| Defensive driving course discount | Decrease your premium for those who take a defensive driving course. |
| Good student discount | Get a reduction of as much as 15% for sustaining good grades. |
| Driver’s education course discount | Earn a reduction once you take a driver’s schooling course. |
| Military discount | Obtain a reduction of as much as 15% if you’re lively obligation, retired from the army, or a member of the Nationwide Guard or Reserves. |
| Emergency deployment discount | Save as much as 25% if you end up a part of an emergency deployment. |
| Federal employee discount | Stand up to 12% off your automotive insurance coverage premium for those who’re federal employees. |
| Seat belt use discount | Earn a reduction off Medical Payment (MedPay) or Private Harm Safety (PIP) for those who and your passengers use seat belts. |
| Airbag discount | Obtain as much as 23% off your coverage when you have airbags in your automotive. |
| Anti-lock brakes discount | Get a 5% low cost on sure automotive insurance coverage coverages when you have an anti-lock braking system. |
| Anti-theft system discount | Save as much as 23% on complete automotive insurance coverage when you have an anti-theft system put in. |
| Daytime running lights discount | Earn a 3% low cost on sure automotive insurance coverage coverages in case your car is provided with daytime operating lights. |
Geico Insurance Coverage
Geico offers many types of car insurance that can be tailored to your needs. Even if you want insurance for bodily injury and property damage coverage, you can find it at Geico because Geico has several options for you to choose from as described below:
- Liability car insurance
- Collision insurance
- Comprehensive insurance
- Medical payments (MedPay)
- Personal injury protection (PIP)
- Uninsured/underinsured motorist coverage
Geico Complaints
Besides Geico’s pros, there are also cons, especially regarding the complaints that they get. Some consumers said that Geico is too expensive, there is no sizeable discount during this Covid-19, or it starts at a reasonable price. Still, it increases rapidly, which makes consumers a bit tired of paying.
Pros and Cons of Geico Insurance
Pros:
- Overall, the average premium is among the lowest among its competitors.
- Many customers tend to recommend Geico to friends and family even though Geico has complaints, the number of recommendations still wins.
- Competitive rates for drivers with poor credit history.
Cons:
- Many customers complain that claims processing at Geico is very inconsistent.
- Very high rates for drivers who have DUI.
Conclusion
Geico Insurance is a very good car insurance company and is quite recommended regardless of the complaint you have. However, Geico still has many loyal customers and even has an increasing value every year. If you want to use Geico Insurance, then this is worth a try.
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