Anamarie Waite, Car Insurance Writer
@anamarie.waite
An accident stays on your insurance record with Geico for five years. The accident will be factored into your Geico premium for the first three years. After five years, you can be considered for Geico’s good driver discount again, as long as you haven’t had any additional accidents or moving violations.
How much will my Geico premium increase after an accident?
Your rate won’t increase if the accident is not your fault and the other driver’s insurance pays for your claim, or if the damage is less than $750.
Otherwise, Geico insurance will go up by about 79% after your first accident. After your second accident in less than three years, your insurance will go up between 95% and 155%, depending on the total cost of the claims. These surcharges will be in effect for three years after the claim.
Does Geico offer accident forgiveness?
Geico has two different accident forgiveness programs for drivers age 21 and up. The first program is free and waives the surcharge for your first accident. To qualify for a new claim to be forgiven, you must have had a Geico policy and been accident-free for at least five years.
In the second program, qualifying drivers pay for accident forgiveness as a supplemental coverage option. You’ll have to meet driving-record requirements that can change state to state, so it’s best to contact Geico directly to see if you’re eligible and get a quote.
People also ask
Does Geico offer mechanical breakdown insurance?
Yes, Geico offers mechanical breakdown insurance for cars that are less than 15 months old with less than 15,000 miles. Geico mechanical breakdown insurance (MBI) is a policy add-on that insures a vehicle against mechanical problems, such as transmission or engine failure, which are not covered by standard car insurance.
What Geico Mechanical Breakdown Insurance Covers
- Engine
- Drivetrain
- Cooling system
- Suspension
- Electrical system
- Steering
However,...
read full answerDoes Geico offer rental car insurance?
Yes, Geico offers rental car insurance. If you already have a personal auto policy with Geico that includes liability, comprehensive, and collision coverage, this insurance will likely extend to cover your rental car. If you only have liability insurance with Geico, physical damage to the rental vehicle will not be covered.
You can talk to a Geico customer service representative at 1 (800) 207-7847 to see if your personal policy will extend to your rental car. If you do...
read full answerWhat is Geico'sclaim time limit?
Geico does not have an official time limit for filing an auto insurance claim. Geico asks customers to report accidents “as soon as possible”, but that does not mean you have to file the claim immediately after you get into an accident. In fact, you could wait 1-10 years to file a claim, depending on your state's laws and the type of claim you need to file.
It's important to keep in mind that the...
read full answerDid we answer your question?
I backed into a pole while using a rental car. The dent in the bumper was minimal and not other cars were involved and there was no property damage to the pole. No injuries either. The damage (because the repair shop said they needed to replace the whole bumper) was about $900. So, with $500 deducible Geico only actually paid about $400 while I paid the $500. deducible. So why does it count for such a minor amount that Geico actually paid out but now I have an accident surcharge for 5 years? Having no accidents or tickets for nearly 50 years, according to Geico meant nothing. There is a problem when they refuse to look at any mitigation issues or the fact that the driver has had no issues for so many years. Why no discretion? When I called the person at Geico just says; "that's just the rules, I can't make exceptions. What? That was 3 years ago but still another 2 years to go? Not good customer service.