Candace Baker, Car Insurance Writer
@candacebaker
GEICO car insurance costs an average of $796 per year ($66 per month) for a minimum-coverage policy, which is less than the national average of $720 per year. The exact cost of auto insurance with GEICO depends on factors such as a driver's history on the road, age, state, and coverage limits. For example, full coverage insurance from GEICO costs an average of $2,886 per year.
Average Cost of GEICO Car Insurance by Category
Category | Average Premium |
Minimum Coverage | $796 per year |
Full Coverage | $2,886 per year |
Young Driver | $1,355 per year |
Senior Driver | $460 per year |
Note: Premiums are based on drivers in California, as it is the most populous state and has average rates compared to the rest of the country. Young drivers are 16-20 years old, and senior drivers are 55-65 years old. Actual rates will vary.
GEICO determines car insurance rates by considering the likelihood of the driver filing a claim in the future. Some drivers, like teens or drivers who recently caused an accident, are considered to be especially high-risk, so they're charged higher rates than the average policyholder. The good news is that GEICO offers several discounts that drivers can use to save on their rate, including a multi-vehicle and multi-policy discount.
To see how much a GEICO policy will cost you, you can go online or call (800) 207-7847. You can also learn more by checking out WalletHub's GEICO car insurance review.
People also ask
How can I lower my GEICO car insurance?
You can lower your GEICO car insurance costs by taking advantage of GEICO discounts, opting for a higher deductible, and reducing your coverage, among other things. GEICO considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
How to Lower the Cost of Car Insurance from...
read full answer by Candace Baker, Car Insurance WriterHow much does insurance go up after an accident with Geico?
Geico insurance will go up by about 79% after your first accident resulting in a claim of $750 or more. If this is your second accident in less than three years, your insurance will go up at least twice as much , depending on the total cost of the claim. If you have more than two accidents in a three-year period, you can expect to pay 225% more. These surcharges will be in effect for...
read full answer by Anamarie Waite, Car Insurance WriterHow much does GEICO insurance go up after a speeding ticket?
GEICO car insurance premiums go up by an average of 53% after a speeding ticket, according to WalletHub’s analysis. GEICO will likely increase your rates when your policy is up for renewal, and these increased rates will typically last for about 3-5 years.
How a Speeding Ticket Affects the Cost of GEICO Insurance by State
| State | Clean Record | Speeding Ticket | ... |
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