What type of insurance is Geico?

Geico has an A+ rating from the Better Business Bureau (BBB) and has earned top scores from other industry watchdogs such as A.M. Best, Standard & Poor’s and Moody’s. Geico is also rated 4.5 out of 5 by WalletHub’s editors, based on factors such as customer reviews, transparency, and claims processes. Geico’s rating from the National Association of Insurance Commissioners (NAIC) is 1.33, however, meaning it has more customer complaints than the average insurer its size.... read full answer

Geico Insurance Ratings

To learn more, check out WalletHub’s complete Geico car insurance review.

Yes, Geico offers full coverage car insurance. Full coverage from Geico typically includes at least a state's minimum required car insurance coverage along with collision and comprehensive insurance to protect the policyholder’s vehicle.

Full coverage car insurance from Geico costs $2,886 per year, on average, and is more expensive than a liability-only policy... read full answer since it provides more coverage.

Cost of Geico Full Coverage by Driver’s Age

Common Geico Full Coverage Insurance Components

Liability insurance. Almost every state requires drivers to carry liability insurance, which includes property damage liability and bodily injury liability coverage. Liability insurance pays for others’ expenses after an accident you are at fault for.

Collision and comprehensive insurance. Collision insurance covers the cost of fixing or replacing the policyholder’s vehicle after an accident, regardless of who was at fault. Similarly, comprehensive insurance covers the policyholder’s car if it’s damaged by something besides an accident, like vandalism, a fire, or a natural disaster. Collision and comprehensive are not mandatory in any state, but they are usually required for leased and financed cars.

Uninsured/underinsured motorist coverage. This type of coverage protects you if you are involved in an accident with a driver who either does not have car insurance or does not have enough coverage. Uninsured/underinsured motorist insurance covers your expenses after an accident that should have been paid for by the at-fault driver’s liability insurance. It will automatically be included in your full coverage policy if it is required in your state.

Personal injury protection/MedPay. Personal injury protection (PIP) insurance and MedPay coverage both cover medical expenses for you and your passengers after an accident, regardless of fault. Depending on your state, you may be required to carry one or the other.

Although these types of insurance are commonly included in a full coverage policy, what your specific policy includes will depend on your state. Full coverage is not the official name of any type of insurance, so be sure to clarify whether these types of insurance are included if you’re purchasing a Geico policy.

When You Should Consider Full Coverage From Geico

A Geico full coverage policy is a good choice for drivers who don’t want to pay for vehicle repairs out of pocket. If you are leasing or financing your car, you may be required to get full coverage.

To get a quote from Geico for a full coverage policy, you can call 1 (800) 207-7847. To learn more, check out WalletHub’s guide to full coverage car insurance and our full review of Geico.

Note: Rates are an approximation based on a driver with full coverage and a clean driving record in California. Actual rates will vary.

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.