You can lower your Geico car insurance costs by taking advantage of Geico's discounts, opting for a higher deductible, and improving your driving record, among other things. Some Geico discounts are worth as much as 40% off, and customers can apply multiple discounts to a policy to save even more.
At the end of the day, your Geico auto insurance bill is influenced by many factors. Fortunately, you can take steps to influence some of those factors in order to decrease your premium.
How to Lower the Cost of Car Insurance From Geico
Pare Down Your Coverage
Most states require a certain amount of bodily injury liability and property damage liability coverage. But there are other coverage options (like comprehensive, collision, personal injury protection, and uninsured motorist) that you may be able to get away with not having, depending on the state.
Less coverage usually means lower premiums, but it could also lead to higher costs in the long run, so it's important to approach coverage decisions with caution.
Use Geico's Auto Insurance Discounts
Geico offers a wide variety of discounts that you could be eligible for and not even know it. There are discounts for having certain memberships and professional affiliations, for example, as well as discounts for taking defensive driving courses, bundling insurance coverage, and insuring more than one vehicle with Geico.
Choose a Higher Deductible
Opting for a higher deductible on any of your insurance policies from Geico can lower your premium. But if you decide to go this route, it's important to set aside enough money to pay your deductible in case you need to file a claim. Otherwise, you might not be able to use the coverage that you have.
Improve Your Driving Record
Improving your driving record, whether by taking a defensive driving course to get points off your license or making sure you don't get any more tickets, can help you qualify for lower Geico auto insurance rates.
Improve Your Credit Score
Get customized credit improvement advice for free from WalletHub. Improving your credit score could actually make you seem like less of an insurance risk to Geico, so you might see your car insurance costs decrease.
Whether you can shorten your commute to work, use more public transportation, or even ride a bicycle more, driving fewer miles each year could lower your premium. Geico customers save an average of 1.3% for driving fewer miles than the national average, according to a study by the Consumer Federation of America. And the less you drive, the more you are likely to save.
Install Safety/Security Devices
Most new cars include safety features like daytime running lights and driver-side airbags, and those will get you a lower rate from Geico. You may also qualify for discounts if your car has other safety features, like anti-lock brakes and full front-seat airbags.
You could be eligible for a lower rate if you install a modern anti-theft device, too, no matter the age of your vehicle. Geico offers savings of up to 25% on the comprehensive portion of premiums for customers who drive a car with an anti-theft system.
Reconsider Where You Live
Car insurance prices vary by zip code. If you're already thinking of moving anyway, choosing the right area could lead to auto insurance savings.
Shop around to see what other insurance companies can offer, so that when it's time to renew your Geico auto insurance policy, you'll be able to see if the company can match any lower rates you've been quoted. When shopping around, be sure to find out exactly how much you would be paying for 6-month and 12-month premiums, how much the deductibles would be, and what the coverage limits are.
Finally, if you make changes to lower your Geico car insurance costs, don't forget to make sure your insurance coverage still meets your state's minimum insurance requirements.