Yes, Geico policyholders get car rental discounts of as much as 20% to 50% from popular agencies like Enterprise, Alamo, Hertz, and National Car Rental. The exact discount amount depends on what you need from your rental—the type of car, length of time, pick up and drop off details, and so on. You’ll probably have to provide your Geico policy number to get the deal, too.
Companies Offering Geico Rental Car Discounts
Geico Customer Discount
up to 50%
up to 20%
varies, use code 1113058
National Car Rental
up to 20%
Can I Use Geico’s Insurance for My Rental Car?
If you have liability, comprehensive, or collision coverage on your Geico policy, they will transfer to your rental car. Your rental car will have the same coverage limits as your personal car. As long as the car you’re renting is of similar value to your own, you can probably skip the rental company’s coverage. You’ll also want to pass on rental insurance at the counter if you plan to use a credit card as secondary coverage.
Yes, Geico offers rental car insurance. Geico rental car insurance is usually included in a driver’s personal car insurance policy if the driver carries liability, comprehensive, or collision coverage and is driving in the U.S. Each policy is unique, though, and there may be certain exclusions based on your specific situation. It’s important to confirm the details of your policy by calling customer service at (800) 207-7847 before declining additional coverage at the rental counter.… read full answer
In addition to standard rental car insurance, Geico offers rental reimbursement coverage as an optional policy add-on. It helps pay for the cost of a rental car while your personal vehicle is being repaired for a covered claim. This coverage costs between $2 and $15 per month, on average, but you’ll need to call customer service to get a personalized quote and add rental reimbursement coverage to your policy.
Below, we’ll examine traditional rental car insurance from Geico in more detail.
Geico Rental Car Insurance Coverage Limits
The same Geico coverage limits that apply to your personal vehicle will also apply to a rental car. If you only carry liability insurance, Geico will pay for the other driver’s injuries and property damage after an at-fault accident—but not physical damage to the rental. You need a full coverage policy to have damage to the rental car covered by your insurer.
If you have full coverage and you rent a car of similar value to your personal vehicle, you will probably have sufficient coverage. But if your personal vehicle is a 15-year-old Ford and you decide to rent a brand-new Lexus, you should look into extra coverage options.
Ways to Supplement Geico Rental Car Insurance
If you don’t feel confident about your coverage levels when you’re at the rental desk, consider purchasing a Collision Damage Waiver (CDW) from the rental company. In the event of a collision or theft, the waiver ensures that the rental company will be responsible for the costs.
In addition to a CDW, rental car companies offer a few other types of insurance if you don’t have enough coverage with your Geico policy. These include supplemental liability protection, personal accident insurance, and personal effects coverage.
You should also look into whether your credit card has rental car insurance as part of its benefits. This extra layer of protection could help bridge any gaps in coverage for your rental car. Bear in mind, however, that purchasing insurance from the rental company nullifies any coverage you would get from your credit card.
If you already have a Geico policy, call customer service (800-207-7847) to ask about the additional affiliation discount of up to 8%. The discount is currently available to members of more than 800 partner organizations, and any organization with 50,000 or more active members is eligible for the program. Participating organizations include alumni associations, fraternities, sororities, colleges, universities, societies, charities, and large employers. To find out if your organization is among them, you can enter its name or browse through the categories on … read full answerGeico’s website.
Popular Organizations with Geico Affiliation Discounts
National Association of Federal Employees
National Association of Government Contractors
Texas A&M University
National Peace Corps Association
BJ’s Wholesale Club Members
World Golf Tour
If you find an organization that you belong to in Geico's list, go to the organization’s website and sign in with your member credentials, if necessary. You can then go to the section on member benefits and find a link for a Geico insurance quote. Discounts vary by organization and state.
These affiliation partnerships help Geico market its products and expand its customer base. In return, organization members receive discounts on Geico insurance policies. The organizations also receive a fee from Geico for every member who requests a Geico quote, even if they don’t buy a policy.
GEICO is cheap because it sells insurance directly to consumers and offers a lot of discounts. GEICO is not the cheapest insurer out there, though. For example, GEICO ranks 21st for the cheapest car insurance among 46 major companies, based on WalletHub’s 2019 GEICO car insurance review. Competitors like Esurance and Progressive are actually a bit cheaper overall.… read full answer
Still, GEICO is pretty cheap relative to many other major insurance providers, and there are good reasons for that.
GEICO is cheap for many consumers because it offers a wider variety of discounts than many major providers. There are GEICO discountsbased on a driver’s history and habits on the road as well as any affiliation they have with 800+ eligible organizations, including the federal government. You can also get discounts for taking a driver’s education course or making your payments electronically. GEICO offers a number of discounts for having a car with certain safety equipment, too, such as “passive restraint” seat belts and anti-lock brakes. Most consumers qualify for more than one discount, which helps to lower the overall cost of their premiums.
The fact that it sells insurance directly to consumers is another big reason why GEICO is so cheap. This eliminates the cost of middlemen. GEICO has significantly fewer local offices and agents than companies like State Farm and Allstate, limiting agents to high-population areas only. Having a smaller agent network gives GEICO savings it can pass on to its policyholders.
GEICO started with direct phone sales but has grown rapidly in the 21st century by developing easy-to-use sales technology. In fact, GEICO focuses today on keeping their rates low by investing in, and beating the competition in, technology that helps reduce manhours, minimize their cost of selling and increase convenience to consumers. Today, you can use GEICO’s advanced website or mobile app to easily find information on insurance or get a personalized quote. You also can check rates and get help with coverage and discount decisions on GEICO’s apps for Amazon Alexa and Google Home.
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