GEICO auto insurance costs depend on several factors, including the driver’s age, location, driving history, and the type of insurance chosen. On average, GEICO is known for offering competitive rates compared to other major U.S. insurance companies, with policies often starting at $30 to $50 per month for basic coverage.
Factors That Affect GEICO Insurance Rates
GEICO calculates insurance premiums based on personal information such as your driving record, credit score, vehicle type, and driving frequency. For example, safe drivers who have not been involved in accidents and newer cars that are equipped with safety features may pay less. On the other hand, younger or higher-risk drivers may see higher rates due to a greater perceived risk.
Average Cost of GEICO Auto Insurance
GEICO rates are considered affordable for most drivers. For comprehensive coverage that includes liability, collision, and comprehensive coverage, the cost typically ranges from $100 to $150 per month. Basic liability coverage can be a lot cheaper, making GEICO a good choice for those on a budget.
Discounts That Lower the Cost of GEICO Insurance
GEICO offers a variety of discounts to further lower insurance costs. Discounts are available for good drivers, high-scoring students, military personnel, federal employees, and those who bundle multiple policies. Use these discounts to make GEICO even more affordable.
Customize Your Insurance to Keep Costs Under Control
Drivers can customize their GEICO policy to fit their needs and budget. Increasing your deductible, limiting additional coverage, or opting for pay-per-mile coverage can help lower your monthly premiums. GEICO also offers online tools to help you estimate insurance costs before you purchase a policy.
Finally
The cost of GEICO auto insurance varies based on individual circumstances, but the company’s competitive pricing and discount options make it a top choice for many drivers. By tailoring your coverage to your needs and taking advantage of available discounts, you can find an affordable GEICO policy that provides the protection you need.
