How can I get a Geico quote online?

Geico car insurance costs an average of $66 per month for a minimum-coverage policy, which is less than the national average. Exactly how much you’ll pay for auto insurance from Geico depends on factors such as your history on the road, age, state, and coverage limits.

Average Cost of Geico Car Insurance by Category ... read full answer

• Minimum Coverage: $796 per year
• Full Coverage: $2,886 per year
• Young Driver: $1,355 per year
• Senior Driver: $460 per year

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.

Geico Car Insurance vs. Popular Insurers

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.

It can be cheaper to buy car insurance online than through an agent, if you are willing to do the work of understanding and comparing policies. Using an agent can cost you 5% to 20% extra on a new policy in the first year and 2% to 15% every time you renew, according to numerous sources.... read full answer

There are two kinds of car insurance agents: independent and captive. Independent agents work for themselves and sell car insurance from multiple companies. Their income comes from sales commissions. You will pay these either directly, as a service fee, or indirectly through higher premiums. According to the Independent Insurance Agents & Brokers of America, Inc., independent agents earn 8% to 15% of a new policy's first year premium and 2% to 15% at renewal.

Captive agents work for a single company, offering only that insurer’s products. They earn a salary, usually plus commissions. Their initial commissions range from about 5% to 10% of the value of new auto policies that they sell, plus a small percentage at each renewal. This cost is included in your premiums.

Commission costs tend to be higher for independent agents than captive agents. However, an independent agent can comparison shop among multiple insurers to find the best price for the coverage you need. Sometimes, this may be worth the higher commission.

Direct comparison shopping online, with no agent and no commissions, is the cheapest way to buy car insurance. But it takes time and research. As a good rule of thumb, you should get 3-5 quotes. Plus, you’ll need to understand the coverage in detail to compare quotes accurately. Look closely at insurance types, protection levels, deductibles, coverage limitations, discounts and any special services. Also read reviews of the companies you’re considering to learn from the experiences of other consumers.

If you only want state minimum insurance, buying directly online is probably your cheapest and best method. If your needs are more complex, decide whether getting expert help is worth the extra cost.

Geico’s umbrella insurance policy will cover claims that are beyond the financial limits or scope of your existing policies. It can add up to $1 million in additional liability coverage to car, boat, homeowners or professional insurance policies.

The average cost of a $1 million policy is less than $300 per year. If you can take advantage of Geico’s multi-policy discount, or other discounts that you might be eligible for, you could bring the annual cost down to $100 or less.... read full answer

Why Geico Umbrella Insurance Is Worth It

The Geico umbrella policy’s additional liability coverage can protect you from a serious financial hit. If you injure someone or damage their property, your liability insurance pays the claim up to the limit written in your policy. But if the loss exceeds the limit and you don’t have umbrella coverage, you’ll have to pay the rest yourself.

For example, if someone gets hurt falling down your porch steps and wins a claim against you for $800,000, and your homeowners liability limit is $300,000, you may have to pay $500,000 out of your pocket. If you have Geico umbrella insurance, however, the policy would cover the difference.

Other Risks Covered by Geico Umbrella Insurance

Geico’s umbrella insurance also covers your defense costs in case of a lawsuit and pays for many kinds of damages other policies don’t. Examples include mental anguish, injuries caused by a pet, libel, injuries on a rental property, or even false arrest by a police officer.

Geico umbrella insurance offers generous coverage at a relatively low cost. You can get a personalized quote at (866) 272-5192 or on the Geico website.