GEICO vs. USAA Insurance

Geico is so cheap because it sells insurance directly to consumers and offers a lot of discounts. Direct-to-consumer insurance sales eliminate the cost of middlemen and allow Geico to have significantly fewer local offices and agents than companies like State Farm and Allstate. Having a smaller agent network lowers Geico's overhead costs so they can pass those savings on to consumers.                         

Average Rates for Geico vs. Top Competitors

The exact amount that premiums go up after an accident depends on a few factors, including who...

You can lower your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible, and reducing your coverage, among other things. Geico considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.

How to Lower the Cost of Car Insurance from...

Yes, USAA does offer a grace period for customers' payments. USAA gives policyholders who pay monthly until the end of the next billing cycle to pay any outstanding balance if they have not previously been delinquent on payments. If you pay your bill before the next statement, a late fee of $2 to $15 will be added to your premium for the next month. If the grace period ends without the necessary payment being made,...

Yes. Geico is a good insurance company. Geico has been providing insurance since 1936, boasts an A+ Better Business Bureau (BBB) rating, and is one of the cheapest major car insurance companies according to WalletHub's research.

However, Geico's NAIC rating is 1.33, which means it has received more complaints than the average insurance company. On the other hand, it may be encouraging to note that Geico is a wholly owned subsidiary of Berkshire Hathaway, which...

USAA insurance is only for military members, veterans, and their families. Once someone becomes a USAA member, USAA eligibility can be passed down through their spouse and children, even if the family members themselves never join the military

Who Can Qualify for USAA Insurance?

• Active, retired, and honorably discharged members of the U.S. military
• Cadets and midshipmen of U.S. service academies
• Children and step-children of current members
• Spouses and widows/widowers...

How USAA Compares to Popular Alternatives

Geico insurance will go up by about 79% after your first accident resulting in a claim of $750 or more. If this is your second accident in less than three years, your insurance will go up at least twice as much, depending on the total cost of the claim. If you have more than two accidents in a three-year period, you can expect to pay 225% more. These surcharges will be in effect for three...

After you get into an accident, you will have to wait five years in order to qualify for the discount again. Additionally, accidents that are forgiven by Geico accident forgiveness still count against your good driver...