GEICO is a large American auto insurance company known for selling private passenger auto coverage nationwide and offering additional lines like motorcycle, homeowners, renters, and more through direct channels (phone and online) and a network of local agents. It’s a subsidiary of Berkshire Hathaway and is the second- to third-largest auto insurer in the United States, depending on year and metric. Key points about GEICO:
- Coverage and offerings
- Primary product: private passenger auto insurance across all 50 states and the District of Columbia.
- Additional insurance options include motorcycle, RV, boat, homeowners, renters, jewelry, pet, travel insurance, and umbrella policies.
- Rideshare coverage: GEICO provides rideshare coverage through commercial policies that can replace a personal policy during ridesharing activity.
- Specialized add-ons: accident forgiveness in most states (with exceptions like California, Connecticut, and Massachusetts), SR-22/FR-44 filings as needed, and various discounts (e.g., multi-policy, safe driver, and bundling options).
- Buying and managing policies
- GEICO emphasizes direct-to-consumer channels: quotes, policy management, and claims are typically handled through GEICO’s website or mobile app, though independent local offices exist for certain states.
- The GEICO Mobile app offers features for quotes, policy updates, and claims assistance, as well as address changes and other policy management tasks.
- Financial and market position
- GEICO is part of the Berkshire Hathaway portfolio and has long been recognized for competitive pricing in many markets, often cited as cheaper than some national competitors, with exceptions based on driver history (e.g., DUI cases may differ).
- Pricing varies by state, vehicle, driver history, age, coverage limits, and deductible selections; published estimates in consumer sites often show full-coverage average premiums that are competitive within the national market.
If you’re evaluating GEICO for yourself, consider:
- Your location and state-specific offerings, including any required filings (e.g., SR-22) or rider coverage needs.
- Your driving profile (age, driving history, annual mileage) and vehicle details (make, model, year, safety features).
- Preferred channels for service you value (online quotes, app usage, or local agent assistance).
- Discounts you may qualify for (multi-policy, safe driver, good student, military, federal employee, etc.).
If you’d like, I can tailor a quick comparison of GEICO’s typical auto coverage options, potential discounts, and a rough range for premiums based on your location and circumstances.
