GEICO

Yes, Geico is a reliable insurance company. Geico is in a “superior” financial position to pay claims, according to AM Best, and its claims process has an above-average ranking from J.D. Power. However, Geico has more customer complaints than normal for a company its size, according to the NAIC.

Geico's Reliability Scores

• AM Best Financial Strength Rating: A++
• J.D. Power Claims Process Score: 881/1000
• NAIC Customer Satisfaction Score: 1.37

To learn more, check out WalletHub's review of Geico.

Yes, Geico insurance rates are competitive, since the company is one of the five cheapest insurers nationally, according to WalletHub's cheap car insurance analysis. Geico car insurance costs an average of $462 per year, or $39 per month.

Geico's car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact your final quote, as do your eligibility for discounts.

Sample Geico Car Insurance Rates

Note: These rates are approximations based on sample quotes from Geico. Actual rates will vary.

To learn more about how we obtained these sample quotes, check out the methodology section of our complete Geico car insurance review.  

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 Monthly Rates for Geico vs. Top Competitors

Note: Premiums are representative of a 45-year-old good driver in California; individual premiums will vary.

Every insurance company determines its rates differently, so even though Geico is among the cheapest car insurance companies, the best way to make sure you're getting the cheapest rate is to compare quotes from multiple insurers.

To learn more, check out WalletHub's review of Geico and see Geico's full profile.

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 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.

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 boasts famous investor Warren Buffet as its chairman and CEO.

Geico Insurance Company Ratings

• A+ BBB rating
• AA+ S&P rating
• A++ A.M. Best rating
• Average rating of 2.5/5 among user ratings on WalletHub
• NAIC rating of 1.33

Geico offers a wide variety of insurance products, including policies for your home, vehicle and business, through a network of affiliates as well as non-affiliated companies that specialize in writing different types of insurance policies. You can also bundle policies from Geico for a multi-policy discount.

You can get a free quote by contacting Geico online or over the phone at (800) 207-7847.