Does it cost more to add a driver to your insurance geico

GEICO Insurance was founded in 1936by Leo and Lillian Goodwin and was originally designed to provide federal employees and military personnel with lower-cost, high-quality insurance. In fact, GEICO is actually an anagram that stands for G overnment E mployees I nsurance Co mpany.

According to their market share, ratings, and the total number of policyholders, GEICO is currently ranking as the second-largest auto insurance provider in the nation. Their commercials are easily recognizable by the animated green gecko who's constantly saying "You could save 15% or more by switching to GEICO. "

If you've been thinking about switching to Geico or you're considering purchasing coverage with them, then this article is for you. Below, we're going to break down some of the most commonly asked questions regarding Geico's customer satisfaction, coverage policies, discounts that policyholders can apply for, and Geico insurance’s average cost.

Let's dive in!

How much is GEICO car insurance cost?

According to our average car insurance cost per month research, GEICO is actually a very affordable option! Monthly premiums are significantly more affordable than those of competitors.

The study mainly compared safe drivers and GEICO policyholders from around the USA and created an average premium amount based on different factors, such as the driver's age. The study showed that GEICO's average full coverage insurance cost is $98 per month, or $1,175 per year. The lower end of the spectrum primarily consisted of older drivers (over age 65), while those who had higher premiums were younger drivers (around 25-years-old or older).

The average GEICO car insurance cost for minimum coverage is $40 per month or $480 per year, which is among the cheapest car insurance quotes you can find, especially among the larger and more well known companies.

More from GEICO's average car insurance costs study:

How Much Does GEICO Car Insurance Cost Per Month?

Based on our research, GEICO car insurance cost per month is $40 per month for minimum coverage and $98 per month for full coverage on average.

GEICO typically offers six, nine, or twelve-month policy plans for auto insurance. You'll typically pay a downpayment to start your coverage and then pay off the rest of your vehicle insurance policy over several months.

So, let's just say that you got an average $1,200 policy with GEICO and opted for the 12-month payment plan. You would probably put $50 to $100 down to sign up and would then pay around $100 per month for the remainder of your twelve-month policy period.

Of course, these numbers are based only on a national average survey that was conducted using insurance rates obtained from policyholders from around the country.

One of the biggest contributing factors to your GEICO policy is the city and state you live in. For example, drivers who live in the middle of a small town in Ohio will likely pay far less than those who are looking for auto coverage in Miami, Florida (one of the most dangerous cities to drive in, in terms of annual accident rates).

Other factors that may contribute to your premium price include your credit score, the type of car you drive, your personal driving record, how many drivers are listed on your account, and how many vehicles you have insured.

How To Lower Your GEICO Car Insurance

One of the great features about GEICO is that they're usually willing to work with their policyholders to lower their car insurance quotes, especially if you tell them that you plan to get a quote from competitors...

The best way to lower your GEICO policy is usually to call your local agent and express your desire to lower your monthly premiums. They'll typically give you a few pointers or offer programs and discounts that you can apply for. Here are some of the best methods that you can use to lower your premium.

Maintain A Safe Driving Record

The safer you drive, the lower your insurance will be. Suppose you can avoid any accidents (at-fault or not-at-fault) and avoid traffic tickets (reckless driving, speeding, etc.) that put points on your license for several years at a time. In that case, your car insurance premiums will likely decrease naturally over time.

Raise Your Credit Score

Most insurers look at your credit account’s financial strength and use it to determine your monthly premium rates. One of the easiest ways to lower your GEICO car insurance rates is to raise your credit score, make all of your payments on time, and avoid any liens on your vehicle at all costs. Once you raise your credit score a bit, give your agent a call and talk to them about any discounts!

Take A Defensive Driving Course

GEICO offers a low-cost online defensive driving class that you can easily complete within a couple of hours on your next day off. After taking the course, you'll receive a brief virtual test. If you pass the test, you may be able to save between 5% and 10% on your premiums.

Get A More Economical Car

If you're driving a fancy sports car, then expect to pay extra for it. These cars are statistically more likely to be involved in dangerous accidents. If you're tired of paying an arm and a leg to insure your brand-new muscle car, then consider switching to a more economical option with a standard 4-cylinder engine. Our cheapest cars to insure guide might be handy as well.

Move To Another City

The closer you live to a big city, the more you'll pay. By moving out to the suburbs or into the country, you could receive a considerable discount on your monthly auto insurance rates.

Reduce How Often You Drive

Many insurers will charge you extra for putting more miles on your car. In general, if you drive less than 13,000 miles per year, you'll save money on your policy.

Apply For Umbrella Insurance Policies

In addition to auto insurance, GEICO also offers life insurance, home insurance, renters insurance, motorcycle insurance and more. You can save on your total policy by bundling all of your policies together under one GEICO policy.

GEICO GAP Insurance Cost

GEICO GAP insurance cost cannot be measured since the company currently does not offer GAP insurance as part of its services.

How To Cancel GEICO Car Insurance

Cancelling your GEICO car insurance policy is pretty simple. All you need to do is call them up and let them know that you're interested in cancelling your policy. It's important to notify them before your next payment; otherwise, it will be automatically debited from your account. GEICO has a no-cancellation-fee policy , so you won't have to pay anything extra should you decide to cancel your coverage!

Why Did my GEICO Car Insurance go up?

If your GEICO auto insurance premiums recently increased and keep going up, then it's likely due to a new vehicle or new drivers that you've added to your policy. Occasionally, however, your premium could go up due to a negative change in your credit score, an accident you were involved in, or speeding tickets you received. So be sure to keep an eye on these factors to make sure that your rates remain on the low side!

Recent Reviews

1 / 5

We have been with progressive for 18+ but Have to give a one star with this experience. We hit a big rock on the highway. Randell Fergen repair rep . argued with me; claimed I was off roading in my car, which I have never done . Randell told me “this was not an isolated incident”. Because my other wheels had scratches according to him. The auto shop they picked and Randell told me it the wheel just needs a balance . Randell quoted me the price I would have to pay for the balance. I took the car to Discount Tire since the balance is covered. Discount told me “the wheel is bend badly” We called back to the rep Kiera Washington to update her and ask for a new repair rep. She said she could not and when I asked to speak to her supervisor she said “ I’m not dealing with you” and hung up on me ????

1.4 / 5

I own an independent rental car company and recommended Bonzah to my customers but I will never do that again. They have a terrible claims process, and the Bonzah rep could care less about the issues I had working through the claims process. If you are a rental car company do not accept insurance through Bonzah, they will do everything they can not to pay out a claim, including ghosting you for weeks. If you are a consumer I would think twice about using them. If they don't pay out a claim then you will be on the hook for all the charges.

Donald Stanton Insuranker

Policy Type: Auto Insurance

Company name: USAA Insurance

5 / 5

This WITHOUT QUESTION is a WONDERFUL COMPANY! Their rates are the best in the industry and they Pay Claims. SIMPLY THE BEST PERIOD!!!

1 / 5

Customer Service is horrible! They sent an email two weeks ago to let me know that my payment would be a lot more for whatever reason. They don’t know if I have access to my emails? I’m currently very sick and called a few weeks ago to lower my rate since I was not using my vehicle as I use to and was no help. If fact, my monthly payment changed to a higher rate after I explained what I was going through. Company has a customer service team that just answer basic questions but certainly does not go the extra mile to assist. Their is many reviews posted on this site that shows the customers name but the few last ones with five stars does not have customers names and opted to stay anonymous. Hmmm.. If you are so happy with Liberty Mutual, wouldn’t you want to share your name? Fake, fake, fake review’s.

1 / 5

Customer Service is horrible! They sent an email two weeks ago to let me know that my payment would be a lot more for whatever reason. They don’t know if I have access to my emails? I’m currently very sick and called a few weeks ago to lower my rate since I was not using my vehicle as I use to and was no help. If fact, my monthly payment changed to a higher rate after I explained what I was going through. Company has a customer service team that just answer basic questions but certainly does not go the extra mile to assist. Their is many reviews posted on this site that shows the customers name but the few last ones with five stars does not have customers names and opted to stay anonymous. Hmmm.. If you are so happy with Liberty Mutual, wouldn’t you want to share your name? Fake, fake, fake review’s.