Average cost: $$
Number of discounts: 16
Usage-based insurance: DriveEasy in 32 states
If you don’t qualify for USAA insurance coverage, Geico is worth considering as your top choice. The company offers reputable service, a wide selection of coverage and cheap car insurance rates, according to our rate estimates.
Besides the standard coverage options, Geico offers helpful add-ons such as:
- Emergency roadside assistance
- Rental car reimbursement
- Mechanical breakdown insurance (MBI)
- Rideshare insurance
Geico received an A++ (Superior) rating from AM Best, meaning the company has the financial backing to pay customers’ insurance claims. A larger auto insurer like Geico comes with more financial stability compared to a smaller, local company.
Geico also has a strong customer service reputation. According to the J.D. Power Auto Insurance Study, Geico performed better than average in every region except the Mid-Atlantic, Southwest and Texas. The study surveyed customers on their satisfaction with claims, billing, price, policy and more. Additionally, our January 2022 insurance survey that polled 1,000 respondents found nearly 12% chose Geico as their insurance provider.
Regarding cost, Geico’s rates are some of the most affordable we’ve seen. Our rate estimates show that drivers pay about $1,308 per year on average for full coverage car insurance from Geico. These rate estimates apply to 35-year-olds with good credit and driving records. Our estimates put Geico in the top three companies for affordability compared to other national providers.
On top of that, the insurer offers a number of ways to save money, including a good driver discount (up to 26% off), a good student discount (up to 15% off) and a multi-vehicle discount (up to 25% off).
You can learn more about the company in our Geico insurance review.