Does Geico use telematics?

No, Geico does not offer pay-per-mile insurance. However, Geico does have a low-mileage discount and a usage-based insurance program that can make car insurance more affordable if you don’t drive much. If you drive fewer than 7,500 miles per year, for example, you could save between 1% and 9% on Geico insurance, depending on where you live. Registering for Geico’s usage-based insurance program, DriveEasy, could save drivers up to 20%.… read full answer

The Geico DriveEasy app monitors driving habits like speeding, hard braking, total mileage, and more using your phone’s sensors and GPS location. Geico uses this data to calculate a driving score and adjust your premium discount. Usually, car insurance rates are determined by a driver’s history on the road as well as factors like age, credit score, and zip code that help insurers predict future driving behaviors and levels of risk. Usage-based programs like the DriveEasy app, on the other hand, show insurance companies your actual level of risk, so drivers only pay for the insurance they need.

Pay-per-mile insurance is a bit different, since it involves paying a base rate plus a per-mile fee. It’s currently offered by one provider, Metromile, in just eight states. Geico may be able to provide more robust coverage just as affordably, though, because they offer such a wide variety of discounts. But if you need cheaper, low-mileage coverage, you should make sure to compare rates from at least three insurers to confirm you get the best price for your unique needs.

Usage-based insurance from Geico benefits safe drivers who drive less than the average person (roughly 12,000 miles per year), but only Geico customers in Pennsylvania and Connecticut can sign up for the program right now. More states will get access soon. All eligible drivers should consider giving it a try, though. Geico offers a discount of up to 20% simply for participating, depending on where you live.… read full answer

Geico’s usage-based insurance relies on a smartphone app called DriveEasy, which automatically detects your driving—you don’t even have to open and close the program. DriveEasy gives feedback on your driving and scores your habits to determine your discount. Geico guarantees you’ll get the full discount for participating the first term. After that, feedback from the DriveEasy app won’t be used to increase your premiums, but your discount may be reduced based on your score.

Geico’s DriveEasy app monitors:

• Distracted driving
• Hard braking
• Time of day
• Distance driven

Some of the habits and behaviors that DriveEasy tracks will impact your safe-driver score and discount potential more than others. Distracted driving and total distance driven are given the most weight. The app logs both handheld phone calls and active phone use, but it won’t penalize you for hands-free calls or mounting your phone on the dashboard to use the GPS.

GEICO comprehensive coverage pays for damage to your car that is not caused by a car accident. This includes damage caused by theft, vandalism, flooding, fire, and natural or man-made disasters.

Your comprehensive coverage will pay for the cost of necessary repairs, as calculated by a GEICO inspector, minus your deductible. Your deductible is the amount you have to pay out of pocket for each claim. You can select a deductible from $0 to $1,500. But keep in mind that a lower deductible means higher premiums.… read full answer

If the cost of repairs is greater than the value of your car, the car will be declared a “total loss.” Your comprehensive coverage will pay out GEICO’s determination of the car’s value minus your deductible, to you or to your leasing or financing company.

GEICO’s comprehensive insurance does not cover accident/collision-related damage, roadside assistance or towing, renting a car while yours is being repaired, replacement of personal property stolen from inside your vehicle, or medical treatment of injuries. Other types of coverage can help in these situations.