GEICO Car Insurance Pricing 2024

The average rate from GEICO is $1,572 for full coverage and $413 for minimum coverage. Here are how your rates could differ based on your driver profile:

• Minimum coverage: The average yearly cost for minimum coverage is around $413. Typically, minimum car insurance coverage includes liability coverage only (property damage and bodily injury coverage. It does not include uninsured motorists coverage in all states).
• Full coverage: For full coverage, you will pay about $1,572 annually.
• For an 18-year-old: With an 18-year-old driver on your policy, you’ll pay around $3,425 annually for full coverage.
• After a speeding ticket: With a minor traffic violation such as a speeding ticket, you’ll pay $2,005 annually.
• With a DUI: For a more severe violation, expect to pay $3,623 annually.

Superior Financial Strength

GEICO has an A++ (Superior) financial strength rating from AM Best.² Financial strength ratings indicate an insurance provider’s ability to pay its customers’ claims. A Superior rating means GEICO has the capital and management capacity to cover customer losses in the event of accidents, which is necessary for claims fulfillment.

Emergency Roadside Assistance

If you run into issues on the road, GEICO offers 24/7 roadside assistance. This additional coverage provides the following:

• Battery jump starts
• Fuel delivery (does not include the price of fuel)
• Lockout services up to $100
• Tire change services (if you have a spare)
• Towing to the nearest repair facility
• Winching your vehicle if it is stuck on or immediately next to a publicly-maintained roadway

Here’s what you need to do to request help:

1. Open the GEICO Mobile app and select Roadside Assistance.
2. Or, visit https://geico.app.link/staticAutoERSGetHelpNow.
3. Or, call (800) 42-GEICO.

Mechanical Breakdown Insurance

If your vehicle is less than 15 months old or has fewer than 15,000 miles, you may be eligible for mechanical breakdown coverage. In the event of a vehicle breakdown, this additional coverage applies to the following:

• Costs of repair
• Replacement parts
• Other mechanical problems

To start your mechanical breakdown insurance claim, call (800) 443-7411.

Commercial Auto Insurance

Commercial auto insurance from GEICO will protect business vehicles from the incidents below:

• Damage to someone else’s property
• Damage to your vehicle(s)
• Driver injury
• Injury to someone else

Business vehicles are cars only for commercial purposes. Cars for commuting or delivery services are not eligible. GEICO’s commercial auto insurance covers the following types of vehicles:

• Box trucks
• Cars
• Food trucks
• Pickup trucks
• Service utility trucks
• Vans

This coverage will not protect semi trucks and tractor-trailers.

GEICO provides private passenger automobile insurance in all 50 states and the District of Columbia.

If you need to cancel your policy, GEICO makes that easy in three simple steps:

1. Call 800-841-1587.
2. Ask the licensed agent to proceed in canceling your policy. If you’re prompted to speak to the automated system, say “Cancel insurance policy” and then “Auto.”
3. Provide your GEICO policy number to access your account and cancel your policy.

You can cancel your policy at any time with no fees.

• 1936: Leo and Lillian Goodwin established The Government Employees Insurance Company (GEICO) to target federal employees and certain categories of enlisted military officers.
• 1951: Warren Buffet, then a Columbia University business student, purchased his first share of GEICO stock. During the year, Buffet obtained 350 shares of GEICO for a total cost of $10,282.
• 1959: GEICO opened a new headquarters in Chevy Chase, Maryland.
• 1964: GEICO reached the 1 million policies-in-force (PIF) mark.
• 1980: GEICO introduced 24-hour a day, 365-day a-year telephone service for claims, sales, and service.
• 1996: Warren Buffett purchased the outstanding GEICO stock, making GEICO a Berkshire Hathaway subsidiary.
• 1999: The GEICO Gecko made his debut.
• 2002: GEICO passed the 5 million PIF mark.
• 2010: GEICO passed the 10 million PIF mark.
• 2017: GEICO passed the 15 million PIF mark.
• 2022: GEICO now insures more than 28 million vehicles and holds over 17 million PIF.

Here’s how you can get in touch with GEICO:

• Online: www.geico.com/contact-us/
• By mail: Mailing addresses differ by state and inquiry. Find the correct mailing address here: www.geico.com/contact-us/mail/.
• By phone: 1-800-207-7847

GEICO could be your provider if you’re looking for affordable rates for standard and nonstandard insurance policies alike. With coverage from this company, you can rest easy knowing you and your vehicle have protection in the event of an accident. If you want to learn even more about what GEICO has to offer, read our GEICO review.