How do I get Geico's multi-policy discount?

GEICO insurance rates are very competitive, ranking 2^nd overall (behind only Progressive) in WalletHub’s 2019 Cheap Car Insurance Study. The study compared 46 major car insurance companies for a variety of driver profiles. This means GEICO’s rates tend to be lower than those charged by State Farm, Allstate, Nationwide, Travelers, and other popular auto insurers.… read full answer

Individual results may vary, however. The rates GEICO quotes you are based on your driving record and experience, along with your location, credit score (in some states), vehicle age, and vehicle equipment. Your coverage and deductible choices matter, too.

GEICO tends to have relatively low rates for new drivers and those with less-than-perfect driving records. The following chart shows how GEICO ranks among 46 U.S. auto insurers in terms of monthly costs for different types of drivers. Learn more about how we obtained these sample quotes in the Methodology section of our 2019 GEICO Car Insurance Review.

Sample GEICO Car Insurance Rates:

Those quotes don’t take into account GEICO’s various discounts. GEICO offers impressive discounts for having multiple policies and certain vehicle safety equipment, for example. But it doesn’t have “green car” or loyalty discounts, unlike some of its competitors.

At the end of the day, knowing that GEICO ranks among the cheapest major auto insurers provides a helpful starting point as you shop for auto insurance. But the best option will be the one that gives you the coverage you need, plus excellent service, at a price that fits within your budget.

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 21^st 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 discounts based 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 21^st 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.

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.