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Why You Can Trust the MarketWatch Guides Team
Here’s a breakdown of how we reviewed and rated the top auto insurance providers
130
Providers ReviewedOur team looked at over 100 of the top auto insurance providers in the U.S., from national providers like USAA, Travelers and State Farm to regional providers like Erie Insurance.
8,500
Data Points AnalyzedTo properly score each auto insurance provider, we looked at cost data, claims processes, customer review scores, industry standing, available discounts, coverages and add-ons.
800
Research HoursOur team put in the time so you don’t have to, evaluating cost data, reading customer reviews and researching companies to determine the most reliable options for coverage.
8,500
Customers SurveyedWe asked thousands of customers to describe their experience with their auto insurance provider to understand how real customers feel about their insurers.
Learn more about our methodology and editorial guidelines.
Geico Car Insurance Discounts vs. Other Providers
Geico offers more discount options than other providers on our list of the top five car insurance companies.
| Discount Type | Geico | State Farm | USAA | Erie Insurance | Travelers |
|---|---|---|---|---|---|
| Multi-policy Discount | ✔ | ✔ | ✔ | ✔ | ✔ |
| Multi-vehicle Discount | ✔ | ✔ | ✔ | ✔ | ✔ |
| Safe driver discount | ✔ | ✔ | ✔ | ✔ | ✔ |
| Defensive driving discount | ✔ | ✔ | ✔ | ||
| Good student discount | ✔ | ✔ | ✔ | ✔ | ✔ |
| Driver’s Education discount | ✔ | ✔ | ✔ | ||
| Away-at-school discount | ✔ | ✔ | ✔ | ||
| Military discount | ✔ | ✔ | |||
| Safety equipment discounts | ✔ | ✔ | |||
| Payment discounts | ✔ | ||||
| Homeowner | ✔ | ✔ | |||
| Senior | ✔ | ||||
| New car | ✔ | ✔ | ✔ |
Geico Car Insurance Discounts
Details about you, your vehicle or other drivers on your car insurance policy could qualify you for Geico discounts. Here’s a look at some of the possible savings:
Vehicle Equipment
Geico offers auto insurance discounts to drivers operating vehicles equipped with specific safety equipment. Drivers of new vehicles less than three model years old can save an additional 15%.
- Airbags: Save as much as 23% on select portions of your insurance coverage by driving a vehicle with working airbags.
- Anti-lock brakes: Factory-installed anti-lock brakes qualify you for 5% off certain Geico car insurance options.
- Anti-theft systems: You can get up to 23% off comprehensive coverage by choosing a car with a built-in car alarm and other anti-theft features.
- Daytime running lights: Daytime running lights help Geico customers save an additional 3% on select coverage packages.
Driving History and Habits
Want cheap car insurance? Practice responsible driving habits to earn Geico’s good-driver discount.
- Seat belt use: Save on your medical payments (MedPay) and personal injury protection (PIP) coverages by buckling your seat belt every time you’re in your car.
- Five-year accident-free good driver: Maintain an accident-free driving record for five years to get up to 22% off of most Geico car insurance products.
Driver’s Education
Driver’s education courses aren’t just for new drivers. If you’re a Geico policyholder, you could save 15% or more on your insurance premiums by being a good student or taking a driver’s education course.
- Good student discount: If you’re a full-time student with a great academic record, talk to your Geico agent to receive as much as 15% off select auto coverage.
- Driver’s education discount: Young drivers can receive discounts on most Geico car insurance policies by completing and passing an approved driver’s ed course.
- Defensive-driving discount: Completing a defensive-driving course may qualify you for discounts. Visit Geico’s defensive-driving information page for details specific to your state.
Driver Affiliations
Geico is the only provider on our list of the best car insurance companies that offers the federal employee discount (Eagle discount) for active and retired federal employees at the GS-7 level or higher. In addition to the Eagle discount, Geico provides employee and military discounts:
- Military discount: Active-duty and retired military, National Guard or Reserves members may be eligible for a discount of up to 15%.
- Emergency deployment discount: If you’re part of an emergency deployment effort, talk to your Geico agent about a special insurance discount of up to 25%.
- Membership and employee discounts: Geico offers over 500 group discounts on car insurance premiums. Find the full list here.
Customer Loyalty
Geico rewards customers for purchasing life insurance, home insurance and auto insurance in one place. Take advantage of the company’s multi-policy or multi-car discounts to save up to 25% on your coverage.
- Multi-policy discount: Geico offers insurance products for renters, homeowners, condos and mobile homes. Bundle these policies with your auto insurance for additional savings.
- Multi-vehicle discount: Insuring more than one vehicle under the same Geico auto policy entitles you to a discount of up to 25% on most coverage.
How To Get Geico Car Insurance Discounts
Get the lowest Geico car insurance rates possible for your driver profile by taking the following steps:
- Practice safe driving: If you have no accidents, speeding tickets or other violations on your record, you may be eligible for discounts and lower rates.
- Bundle insurance policies: Geico offers a multi-policy discount customary for top providers in the insurance industry.
- Maintain good credit: In many states, good credit can help you qualify for lower premiums and other discounts.
- Choose vehicles with safety features: Newer vehicles come equipped with anti-lock brakes and other safety features that may qualify you for equipment-related discounts through Geico.
- Enroll in a telematics insurance program: Geico’s usage-based DriveEasy program could get you a discount if you have safe driving habits.
- Check for affiliation discounts: Drivers enlisted in the military, students, seniors and others may qualify for additional discounts based on their enrollment or status.
- Talk to your Geico agent: Let your Geico agent know about major life changes, such as marriage or buying your first home, to see if you qualify for any new discounts.
Other Ways To Save On Geico Car Insurance
Beyond Geico’s extensive list of potential discounts, the company offers other ways for customers to save on their car insurance premiums.
Choose a Higher Deductible
Often, a low car insurance deductible translates to a higher monthly or annual payment. A higher deductible prevents insurance providers from assuming too much risk by covering a driver and their vehicle.
Many customers avoid higher deductibles for fear of budget issues in the event of an accident. With planning and savings, however, raising your deductible can be a smart way to save on premiums.
Insure Teens and Young Drivers Under Parent or Guardian Policies
In many cases, a parent and guardian can save money on car insurance premiums for their teen driver by adding their teen to their current Geico policy. Talk to your Geico agent to learn more about what adding your teen to your policy would mean for your insurance premiums.
How Much Does Geico Car Insurance Cost?
According to the National Association of Insurance Commissioners (NAIC), Geico is the third largest insurance provider in the United States. The company offers some of the most affordable rates in the country, coming in at nearly 21% lower than the national average for full-coverage car insurance. Take a look at how Geico rates stack up against other providers below.
| Car Insurance Provider | Average Annual Full-Coverage Rate |
|---|---|
| Nationwide | $1,433 |
| Erie Insurance | $1,458 |
| USAA | $1,512 |
| Travelers | $1,595 |
| Geico | $1,596 |
| State Farm | $1,657 |
| American Family Insurance | $1,851 |
| Industry average | $2,008 |
| Progressive | $2,030 |
| Allstate | $2,598 |
| Farmers | $3,169 |
Geico Car Insurance Discounts: The Bottom Line
Geico offers affordable car insurance products for most drivers in 50 states. In addition to low premiums on average, the company has more than 16 discount options to make car insurance affordable for more drivers.
Although Geico car insurance is affordable for many people, other policies may better suit your needs. Take a look at our other recommended providers below to make an informed decision about your auto insurance policy.
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Top Auto Insurance Recommendations
Some companies may offer discounts that Geico doesn’t. For example, both State Farm and Travelers offer an away-at-school discount designed to help young students and their families save money while maintaining car insurance coverage.
State Farm: Best Customer Experience
State Farm offers quality insurance products in 48 states and consistently scores above average in cost and customer service categories in industry surveys. The company also has 12 discount options to help drivers save on their premiums.
Read more: State Farm insurance review
Travelers: Best for Most Drivers
Sometimes, the best way to save on car insurance premiums is to find a policy that’s more tailored to your needs. Our review team ranked Travelers No. 5 on our list of top providers for offering the most coverage options. Travelers customers can also take advantage of the company’s 16 discounts to reduce their premiums.
Read more: Travelers insurance review
Geico Car Insurance Discounts FAQs
Below are frequently asked questions about Geico car insurance discounts.
With over 16 options, Geico offers more discounts than most other car insurance providers. Geico also offers direct sales of insurance products, eliminating the need for an intermediary company and allowing Geico to pass the savings on to the consumer.
Geico offers discounts for enrolled students with good grades. Young drivers can also take advantage of driver’s education courses and group affiliations to receive additional discounts on insurance premiums.
Geico doesn’t offer discounts to married couples. However, couples with multiple cars or other types of insurance policies can save on premiums by bundling policies or asking about Geico’s multi-car discount.
Geico offers mature drivers discounts for taking a defensive driver course, bundling policies and being affiliated with specific groups. Talk to your Geico insurance agent to learn about new discounts you qualify for as you age or join new organizations.
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
- Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
- Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
- Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
Our credentials:
- 800 hours researched
- 45 companies reviewed
- 8,500+ consumers surveyed
*Data accurate at time of publication.
If you have feedback or questions about this article, please email the MarketWatch Guides team ateditors@marketwatchguides.com.
