Geico

The Car Insurance Guide

Overall Personalized Rating: 4.6/5 (Excellent)

Summary

GEICO, originally known as the Government Employees Insurance Company, was formed with the goal of providing insurance to federal employees, who were believed to have a lower risk profile. Since its beginning in 1936, GEICO has gone on to embrace the public as a whole and utilize mass marketing to their advantage to become the second largest insurer in the country. Besides their prolific gecko, GEICO is best known for offering competitive pricing.

Key Benefits

Very competitive on pricing
Simple, straightforward and inexpensive coverage
Quick and convenient sign up

Ratings Summary

Ratings Highlights

Overall Rating

GEICO is one of the best carriers when it comes to price. However, their insurance products are no frills which means claims and general customer service can be a challenge, according to the agents we surveyed. If pricing is your biggest concern, we recommend getting a quote from them to see where you stand.

Pricing

Just as their advertisements suggest, GEICO has some of the lowest rates around. They offer very competitive pricing for drivers who don't have any sorts of blemishes on their driving record in particular -- their pricing tends to be less competitive for those who have tickets, accidents or other issues on record.

Handling Claims

Our auto Insurance agent respondents rank GEICO near the bottom on claims. Although great on price, they may not offer the best customer service in the event of an accident

Uninsured Drivers

With their strong reputation for inexpensive pricing, GEICO is definitely worth checking out if you are an uninsured driver. Our Insurance agent respondents rate them as one of the top insurance companies for uninsured drivers and our pricing research indicates that they have some of the best prices for the uninsured.

Young Drivers

GEICO is definitely worth getting a quote from if you are a young driver. Our Insurance agent respondents rate them as one of the top insurance companies for young drivers and our pricing research confirms this finding.

Bundling Auto with Other Insurance Types

Historically, Geico has been auto-focused and hasn't had the same array of product offerings as other major insurance companies, so bundling is one category they do not exceed in.

Drivers with Tickets/Accidents

If you fall into this driver category, definitely consider GEICO. The results from both our auto insurance agent survey and our price profiling research suggest that GEICO is one of the best options for drivers with a history of tickets or accidents.

Premium Driver

If you are a driver with a clean record and strong credit, Geico likely has the low rates you're looking for. However, if claims handling is especially important to you as a customer, you may want to explore other auto insurance companies with better reputations in that category.

Company Background

GEICO, now the second largest insurance company in the U.S. by market share, was founded in 1936. They are headquartered in Chevy Chase, Maryland, and write policies in all 50 states. The company is a wholly owned subsidiary of Berkshire Hathaway.

The Car Insurance Guide's Reviews Methodology

The Car Insurance Guide uses a proprietary algorithm to evaluate the car insurance options presented. Factors reviewed and rated include pricing, handling of claims, age of driver, bundling, and driver type. These factors are evaluated and scored to provide an overall score for the carrier as well as being individually assessed to provide a detailed review of the fit of the carrier to the driver. The data comes from research The Car Insurance Guide conducts as an invite-only annual survey and from interviews with car insurance agents. Insights from experts, those whose job it is to understand and recommend the best insurance companies for their clients, is invaluable. Use of The Car Insurance Guide's 2024 reviews by third parties without the express written consent of The Car Insurance Guide is strictly prohibited.