Yes, Geico offers classic car insurance through a partnership with Assurant for vintage cars, new exotic and replica cars, and classic military or similar vehicles. Unlike a normal car insurance policy, Geico classic car coverage is designed for vehicles that do not lose value over time.
Geico classic car insurance uses an agreed value system, which means that the car will be valued at a specific amount when you buy the policy. The amount will be determined by appraisal documents and photos of the car that you provide.
Geico Classic Car Insurance Vehicle Requirements
Vintage 1995 model year or older
A new exotic car, such as an Aston Martin, Lotus, or Alfa Romeo, among others
A new replica car, like a 1966 Batmobile
A classic military vehicle, hearse, fire truck, or similar
Used only for exhibitions, club activities, and occasional pleasure driving
Stored in a fully enclosed and locked structure
Every company has slightly different eligibility rules for classic car insurance, so you can always check with another insurer if your vehicle does not qualify for a Geico policy. Requirements may also vary by state.
For more information about Geico classic car insurance or to get a quote, call (866) 344-2527.
Yes, Geico roadside assistance has a towing limit of 20 miles per tow. If you have Geico roadside assistance coverage, Geico will contract with an independent towing company to have your car taken to the nearest qualified repair facility free of charge if it is within 20 miles of where your vehicle broke down. You will have to pay out of pocket if you want your vehicle towed to a location beyond 20 miles, which can cost about $3 to $10 per mile.… read full answer
Geico’s towing service compares favorably with that of AAA’s Classic plan, which has a 3 to 5-mile limit for free towing. In less populated areas, you may not find a qualified repair shop within this distance. AAA’s basic roadside assistance package costs as little as $38 per year, but the price can change depending on your state. Geico roadside assistance can cost as little as $14 per year.
In addition to towing, Geico Emergency Road Service covers dead batteries, flat tires and lockout service. Only Geico auto insurance policyholders are eligible for this add-on insurance. You can call (800) 424-3426 for more information or visit the Geico website.
No, Geico does not offer gap insurance, but you can find affordable gap policies from many other major insurance companies. Gap insurance is a specialty type of coverage that pays the difference between your car’s actual cash value and your loan or lease balance if the vehicle is stolen or totaled. You may be required to carry gap coverage if your vehicle is financed.… read full answer
If you’re a current Geico customer and want to maintain your policy, you could purchase gap insurance from a dealership or a stand-alone company. However, dealership gap insurance is often the most expensive option, since it’s usually rolled into your loan and charged interest.
Geico is so cheap because it sells insurance directly to consumers and offers a lot of discounts. Direct-to-consumer insurance sales eliminate the cost of middlemen and allow Geico to have significantly fewer local offices and agents than companies like State Farm and Allstate. Having a smaller agent network lowers Geico’s overhead costs so they can pass those savings on to consumers.… read full answer
Average Monthly Rates for Geico vs. Top Competitors
Note: Premiums are representative of a 45-year-old good driver in California; individual premiums will vary.
Every insurance company determines their rates differently, so even though Geico is among the cheapest car insurance companies, the best way to make sure you’re getting the cheapest rate is to compare quotes from multiple insurers.
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