All About GEICO Car and Home Insurance

Customers save on average $500 a year on car insurance with GEICO, making its insurance policies some of the most affordable on the market.
GEICO, also known as the Government Employee Insurance Company, got its start as an insurer of U.S. government employees and military personnel. GEICO offers a selection of car and home insurance, as well as various coverage options. In addition, customers can qualify for a wide selection of discounts to help reduce the already low prices that GEICO offers.
In this article, Part 1 describes how GEICO differs from other insurance companies, Part 2 lists the types of insurance provided by GEICO, Part 3 discusses coverage options, Part 4 details the discounts that GEICO customers can qualify for, Part 5 reveals which states the company operates in, Part 6 lists any mobile apps the company offers, and Part 7 gives the ratings from the Better Business Bureau (BBB) and A.M. Best for GEICO.

Part 1 of 7: GEICO key differentiators compared to other insurance companies

Considered one of the big four insurance companies in the U.S., along with AllState, State Farm, and Progressive, GEICO is known for offering some of the cheapest insurance premiums in the country. Balancing its offerings between service and value, the company operates somewhere between a full-service car insurance company, such as State Farm, and more cut-rate providers. This allows GEICO to offer lower rates over the competition, while still handling complex claims.

Part 2 of 7: Types of car and home insurance provided by­­­ GEICO

GEICO offers a variety of insurance coverage, with car and home insurance representing the two biggest areas of coverage. The following sections detail the types of car and home insurance that the company offers.
  • Car insurance types: GEICO has the standard coverage model, including insurance for cars, motorcycles, ATVs, RVs, and boats.
  • Liability coverage
  • Collision coverage
  • Comprehensive coverage
  • Uninsured motorist coverage
  • Medical payments
  • Personal injury protection
  • Home insurance types: GEICO offers home insurance for domiciles such as a more traditional house, condos and co-ops, mobile homes, and rental properties. Some of the different coverage types for dwellings include:
  • Main structure coverage
  • Other structure coverage
  • Personal property coverage
  • Liability coverage
  • Additional cost coverage

Part 3 of 7: Coverage options provided by­ GEICO

In addition to insurance, GEICO has a variety of coverage options for both car and home insurance policy holders. The sections below list the optional coverage that the company offers.
  • Car insurance coverage options: GEICO has a wide selection of optional coverage for drivers to take advantage of, including:
  • Emergency roadside service
  • Auto Repair Express
  • Umbrella insurance
  • Rental car coverage
  • Full glass coverage
  • Personal belongings coverage
  • Home insurance coverage options: GEICO offers optional coverage to help protect your home, including:
  • Flood insurance
  • Scheduled personal property protection
  • Home business coverage
  • Umbrella insurance

Part 4 of 7: Discounts you can get through GEICO

To help customers save even more, GEICO also has a variety of discounts that car and homeowners can take advantage of. This section goes into more detail on the discounts that GEICO offers.
  • Car insurance discounts: GEICO has a range of discounts for car insurance policy holders, including:
  • Airbag discount
  • Anti-lock brake system discount
  • Anti-theft system discount
  • Daytime running lights discount
  • Five-year accident-free good driver discount
  • Seat belt use discount
  • Defensive driving discount
  • Driver’s education discount
  • Good student discount
  • Emergency deployment discount
  • Military discount
  • Membership and employee discount
  • Federal employee discount
  • Multi-car discount
  • Multi-policy discount
  • Home insurance discounts: To make home insurance cheaper, GEICO offers the following discounts:
  • Smoke alarm/fire extinguisher discount
  • Home security system discount
  • Multi-policy discount

Part 5 of 7: States in which you can find GEICO

GEICO has grown from a small insurance company located in San Antonio, Texas, to one that offers insurance to customers across the U.S. Now headquartered out of Maryland, GEICO offers car and home insurance in all 50 states and the District of Columbia.

Part 6 of 7: Available GEICO apps

The GEICO Mobile app offers a variety of easy-to-use tools, including digital access to your insurance ID card, the ability to connect to roadside assistance, and access to your car’s service history when you need it. Available for both Android and Apple, the app also allows you to pay your bill, file a claim, and talk with a GEICO representative.

Part 7 of 7: BBB and A.M. Best ratings for GEICO

To learn more about how GEICO addresses customer complaints, visit the BBB site, where the company has a B rating. This lower-than-normal rating compared to other insurance companies stems from the company’s failure to respond or resolve customer complaints, a big factor in the BBB’s rating system.
In addition, check out GEICO’s financial stability by visiting the A.M. Best Website. GEICO has an A++ rating with A.M. Best, which translates into a stable financial outlook for the company.
If you go with GEICO insurance, you can count on very low rates when compared to other insurance companies. The types of insurance they offer, as well as the optional coverage you can take if you want, put them on par with many of the company’s competitors. The company’s availability across the U.S., and the GEICO mobile app, helps the company respond promptly to customer claims.

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