GEICO Insurance Reviews 2023
Pros, Cons, Reviews, And Discounts To Find Out If This Insurance Giant Is Good
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Last Updated: September 7, 2023
Agency Height here presents a brief review of GEICO insurance. We outline the pros and cons of choosing GEICO as your insurance carrier. By the end, you’ll have a good idea of whether GEICO is right for you.
GEICO (The Government Employees Insurance Company) is one of the top insurance companies that come to mind when someone says “insurance.” You probably know the company through its beloved GEICO Gecko®. GEICO is mostly popular for its auto insurance policies. In fact, they insure more than 30 million vehicles, according to their company’s website data.
GEICO Insurance Reviews – Overview
- Reviews: GEICO Website (14,115), US News (342), Trustpilot (416), Total (14,873)
- Rating: GEICO Website (4.4), US News (4.1), Trustpilot (1.3), Average (3.26 out of 5)
- Geico Phone number: (800) 841-2964
- Address: 5260 Western Avenue, Chevy Chase, Md. 20815
GEICO is a private insurance company headquartered in Chevy Chase, Maryland. GEICO—The Government Employees Insurance Company—initially targeted federal employees and military personnel. Today, its reach goes beyond the United States, with locations in the U.K., Belgium, Germany, Spain, and Italy.
GEICO was founded in Fort Worth, Texas in 1936 by Leo and Lillian Goodwin amid the Great Depression. Over time, GEICO attracted a pool of investors with notable figures like Warren Buffet, who bought GEICO stock in 1951.
Roughly three decades after its establishment, the company hit its 1 million policies-in-force (PIF) mark in 1964. As of 2019, GEICO has passed the 17 million PIF mark.
Pros & Cons of Choosing GEICO
- Excellent ratings from credible organizations
- Second largest auto insurance company in the U.S. after state farm
- Attention to customization of policies tailored to your individual needs
- Wide coverage options under 1 umbrella
- User-friendly, detailed website interface
- Very affordable premiums for low-risk customers
- Variety of discounts
- Broad reach with insurance products in all 50 states
- Experience and credibility
- Reportedly, can be difficult to reach
- Automated chats are off-putting for those seeking human conversation
- Website may be overwhelming for some
- Policy rates are high for those with poor credit or DUIs
I have been in financial services offering mortgage and insurance products for over 20 years. Helping people find the right coverages to meet their needs. Protecting what matters most. Too often people are under insured in relation to their assets. Insurance should be viewed as asset protection. One works hard to be successful. Insurance is not a place to be frugal. Being under insured can lead to financial catastrophe. Having the right coverages leads to peace of mind. With in depth consultation we can develop the right coverages to meet all budgets and objectives.
- Media Professional Liability, Medical Professional Liability, Business Owners Policy Property, Business Owners Policy (BOP), Term Life, Employment Practices Liability, Employers Liability, Wind Policy, Workers Compensation, Universal Life
- Long-beach, AZ 90815
Currently licensed to provide life insurance and annuity solutions for families in the state of Kentucky. Additionally I am studying for a Property & Casualty insurance license and am attending Penn Foster pursuing an associates degree in accounting.
- Mortgage, Variable Life, Term Life, Whole Life, Credit, Supplemental, Universal Life, Survivorship, Burial and Funeral
- Paris, KY 40361
I can guide you to find the most tailored Health & Life Insurance options to your needs. We work with several carriers. Book a free appointment today!
- Supplemental, Universal Life, Burial and Funeral, Term Life, Variable Life, Whole Life, Mortgage, Credit, Survivorship
- Orlando, CO 32837
- Cargo, Excess Liability, Livestock Mortality, Commercial Auto, Motor Carrier, Aviation Package, Business Owners Policy Property, Medical Professional Liability, Private Hangar, Media Professional Liability
- Longview, FL 75605
Morris Family Insurance Group (MFIG) is a Black Owned Insurance Agency that was founded by Tisha Morris in 2020. Our founder, Tisha Morris founded MFIG after serving 9 years as an insurance agent for agencies along the East Coast.MFIG is an independent insurance agency not only involved with the Property & Casualty insurance process, but also has wealth management, and financial planning products, headquartered in Fulton County, GA.MFIG does not only find great insurance products for an affordable price, we also manage our client’s portfolios with the goal of maintaining and insuring all risks, to manage insurance gaps that may endanger assets.The insurance services offered by Morris Family Insurance Agency include personal Insurance, commercial insurance, small business and life insurance.
- Supplemental, Mortgage, Credit, Universal Life, Variable Life, Burial and Funeral, Survivorship, Term Life, Whole Life
- Greenville, GA 30222
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GEICO Products and Services
GEICO is primarily positioned as a car insurance company. It describes itself as an insurance company for your car and more. As a result you can find plenty of GEICO car insurance reviews online.
GEICO offers policies in four categories: vehicle insurance, property insurance, commercial insurance, and miscellaneous insurance options. Let’s take a closer look at what each of the categories includes:
|Vehicle Insurance||Property Insurance||Commercial Insurance||Progressive Other/ Miscellaneous Insurance Options Rating|
|Auto Insurance||Homeowners Insurance||Commercial Auto Insurance||Life Insurance|
|Motorcycle Insurance||Renters Insurance||Business Owners Policy (BOP)||Umbrella Insurance|
|RV Insurance||Condo Insurance||General Liability Insurance||Overseas Insurance|
|ATV Insurance||Co-op Insurance||Professional Liability Insurance||Identity Protection|
|Boat Insurance||Landlord Insurance||Workers Compensation||Pet Insurance|
|Personal Watercraft Insurance||Flood Insurance||Medical Malpractice Insurance||Jewelry Insurance|
|Snowmobile Insurance||Mobile Home Insurance||Cyber Liability Insurance||Travel Insurance|
|Collector Car Insurance||Cell phone Insurance|
|Mexico Car Insurance||Special Event Insurance|
GEICO Insurance Reviews And Ratings
A Sampling of Customer Reviews
Now, let’s look at what their customers have to say about GEICO.
I want everyone to know that since switching to GEICO, I’ve saved $100 each month on auto insurance. In today’s economy, $100 can be used for a variety of purposes. I’m really pleased with the quality of the service and the premium. I also switched my home insurance and saved $200 per year.
The customer service representative who assisted me with obtaining insurance for my husband’s motorcycle was highly knowledgeable and helpful. The online quote process was simple and painless.
It’s difficult to reach humans over the phone. I spent a half-hour on hold, waiting for an insurance agent to answer a simple question. My declarations page and invoice should have both included the answer to my questions.
Geico is one of the few companies where the phrase “we value the client” isn’t just a statement on the website. Every claim and engagement with Geico have left me impressed, and there is nothing more they could have done to make my experiences as pleasant as possible. Insurance isn’t the type of service I’d expect to have strong brand loyalty, but they’ve managed to do so.
The method for paying insurance premiums online and setting up automatic payments is not user friendly. I spent too much time trying to figure out how to make online payments and set up automatic payments.
Thank you to whoever came up with the concept for the “Happy Half-Birthday” email – it was the cutest email I’ve ever received from a company, and it sure made me smile!!Source: Google, GEICO Facebook Comments, GEICO Website Reviews, Yelp
A Sampling of Third-Party Reviews
|A+||Better Business Bureau (BBB)|
|A++ Financial Strength||A.M. Best|
|AA+ Corporate Credit Rating||Standard and Poor’s (S&P)|
|Aa1 Insurance Financial Strength||Moody’s|
The above ratings indicate that GEICO has good business practices and a superior ability to fulfil insurance claims obligations.
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GEICO Insurance Discounts
|Car Insurance Discounts||Vehicle Equipment Driving History & Habits Driver’s Education Driver Affiliations Customer Loyalty|
|Multi-Policy Discount||Home and Auto Insurance Renters and Auto Insurance Multi-vehicle policy|
|Membership and Employee Discounts||For GEICO partner organizations like Alumni Associations Professional Organizations Fraternities Sororities, etc.|
|Military Discount||Emergency Deployment Discount Membership Discount|
|Federal Employees Insurance Discounts||Eagle Discount Membership Discount|
|Student Discount||For College and High School Students|
|Defensive Driving Discounts|
|Discounts for Seniors & Drivers Over 50|
GEICO Insurance Quote and Cost
Getting a GEICO insurance quote is a simple and straightforward process that can be completed online, over the phone, or through a local insurance agent near you. Login to GEICO insurance website where you see “Get a Quote” button.
Next, you’ll be asked to enter your zip code. This is important because insurance rates can vary by location. After entering your zip code, click “Start Quote” to continue.
Provide basic information. You’ll also need to provide information about your vehicle if you’re getting a GEICO auto insurance quote.
Choose your coverage options. You’ll also be able to select the coverage limits and deductibles that work best for you.
Finally, review the coverage options and premium costs to make sure they work for your budget and needs. The cost you get can vary as per your coverage needs and the deductibles.
If you’re satisfied with the quote, you can purchase your policy directly through the Geico website or by calling a GEICO agent. Geico also has local agents in many areas who can help you complete the process in person.
About GEICO Customer Service
GEICO is known for its excellent customer service, which includes a variety of options for getting in touch with a representative. Whether you need to file a claim, update your policy, or have a general question about your coverage, Geico’s customer service representatives are available to help.
The best way to get in touch with Geico customer service is to call their toll-free number at 800-841-3000. This number is available 24/7, so you can get help whenever you need it. You also can directly call to GEICO customer service number 866-760-4166 for classic car insurance.
GEICO Insurance Claim Service
If you have an insurance policy with GEICO and need to file a claim, the process is relatively straightforward.
To file a claim with GEICO, you can either call their claims department or file online through their website or mobile app. When filing a claim, you will need to provide basic information such as your policy number, the date and time of the incident, and a description of what happened. Depending on the type of claim you are filing, you may also need to provide additional information or documentation such as photos of the damage, police reports, or medical bills.
Once you file a claim with GEICO, they will assign you a claims adjuster who will work with you to assess the damage and determine the appropriate course of action. This may include sending an appraiser to evaluate the damage or arranging for repairs to be made. GEICO also offers a range of services to help make the claims process easier, such as rental car assistance and online tracking of your claim status.
GEICO Insurance Cancellation
Sometimes, after being insured with a particular insurance company, you may find yourself dissatisfied with their services or have legal issues that prompt you to consider canceling your insurance policy. If you happen to be a GEICO insurance policyholder, it’s important to understand the process of canceling your policy.
Learn more about how to cancel GEICO insurance policy>>
Overall, we rate GEICO very positively. With a large customer base and a lot of experience, GEICO definitely has the makings of a great insurance carrier.
GEICO has a rich history dating back to the 1930s and over the years has had its share of ups and downs. The company has set industry standards and overcome many challenges to be one of the top insurance companies. It’s safe to say that you will be in good hands with GEICO!
GEICO can be a trusted choice for all your policy needs, including auto insurance, bundling auto and home insurance, or other policies you might want all under one roof. As per GEICO home insurance reviews, and car insurance reviews, there is more positive feedback than negative. However, only you can determine what’s best for you! If you want to learn more about other U.S. carriers or have more questions, get in touch with us today.
Compare GEICO with other Carriers:
Frequently Asked Questions
Is Geico insurance a good company?
It’s excellent, especially for auto insurance. It’s the second largest insurance company in the U.S., and offers one of the cheapest premiums while providing top-notch customer service.
How quickly does GEICO pay claims?
GEICO says they can settle your claims in 48 hours if all goes well. A lot goes into the claims settlement process, and GEICO is committed to making your claims process as hassle-free as possible.
How long has Geico been in business?
As of 2023, Geico has been in business for 87 years.
Are Geico insurance rates competitive?
Very much so. GEICO is one of America’s cheapest insurance carriers. For example, GEICO’s car insurance can cost as little as $42 a month, and $506 a year.
Is Geico good at settling claims?
GEICO is one of the best insurance companies with top-notch customer service. They are very good at settling claims and conducting the necessary investigations.
How to get a GEICO insurance quote?
You can simply login into GEICO insurance website, by clicking on “Get a Quote” button and entering your required basic information, you can get GEICO insurance quotes.
- GEICO Insurance Reviews – Overview
- About GEICO
- Pros & Cons of Choosing GEICO
- GEICO Products and Services
- GEICO Insurance Reviews And Ratings
- A Sampling of Third-Party Reviews
- GEICO Insurance Discounts
- GEICO Insurance Quote and Cost
- About GEICO Customer Service
- GEICO Insurance Claim Service
- GEICO Insurance Cancellation
- Frequently Asked Questions
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