Geico Auto And Renter's Insurance: How Much Can You Save?

If you're looking to save money on insurance, you might want to consider bundling your auto and renters insurance policies. GEICO offers a Multi-Policy Discount for customers who bundle their insurance policies, and you can save time as well as money. The exact amount you could save depends on how much coverage you choose to buy and what deductibles you select. However, GEICO has the cheapest rate for bundling auto and renters insurance, at $91 per month. On average, bundling renters and auto insurance saves you 2.6% on your total insurance bill, but State Farm offers the biggest bundling discount of 4.7%, saving you $108 per year.

Discounts for bundling auto and renters insurance

GEICO offers a Multi-Policy Discount for bundling your home and auto insurance or auto and renters insurance. By taking advantage of this discount, you can save time and money while enjoying the peace of mind that comes with knowing your vehicle and belongings are protected.

GEICO is committed to providing affordable rates and personalized service, with an average annual savings of $700+ reported by new policyholders. In addition to the Multi-Policy Discount, GEICO offers a range of other auto insurance discounts, such as those for students, federal employees, or members of the armed forces.

When it comes to bundling auto and renters insurance, GEICO offers the cheapest rate at $91 per month. However, State Farm offers the best bundling discount of 4.7%, which could save you $108 per year. On average, bundling renters and auto insurance saves you 2.6% on your total insurance bill.

If you're considering bundling your auto and renters insurance, the process is simple. First, reach out to your insurance company to ask if they offer bundling and the amount of discount you can receive. If they don't have this option or the discount isn't sufficient, you can explore quotes from other companies to find the best deal.

Additionally, you can choose to get a quote for both auto and renters insurance and sign up for both simultaneously. Alternatively, you can get a car insurance quote first, and the company may offer you a discount on your car insurance if you also sign up for renters insurance with them.

By bundling your auto and renters insurance, you can not only save money but also streamline the process of paying bills and making claims. So, if you're looking for convenience and protection, bundling your insurance policies could be a great option.

Discounts for students

Students can benefit from a range of discounts on GEICO auto and renters insurance. Firstly, full-time students with good grades can get a good student discount of up to 15% on certain coverages. This is available to students who maintain a "B" average or better.

Secondly, if a student has not been in an accident within the last 5 years, they can get a good driver discount.

Thirdly, students who are members of select alumni associations, colleges, universities, and student organizations can get a discount of up to 15% on certain coverages.

Additionally, students can save money by bundling their auto and renters insurance with GEICO. This is a great option for students who want to protect their belongings and save money at the same time.

Finally, students who are part of an emergency deployment to an imminent danger zone may be eligible for an auto insurance discount of up to 25%.

It's important to note that the availability and amount of these discounts may vary by state, so students should check with GEICO to see which discounts they qualify for and how much they can save.

Discounts for federal employees

GEICO offers discounts and premium reductions on auto insurance for federal employees. If you are an active or retired federal government employee, GS-7 and above, you could be eligible for a discount on your auto insurance. This discount is available in most states and the District of Columbia. If you have a federal position on a non-GS pay system that is the equivalent of GS-11 and above, you may also qualify for the discount.

The discount for federal employees is known as the Eagle Discount and can save you up to 12% on your total auto insurance premium. GEICO also offers a Multi-Policy Discount, which allows you to save money on your car insurance if you also have a homeowners, renters, condo, or mobile home policy through the GEICO Insurance Agency.

In addition to GEICO, there are several other companies that offer discounts to federal employees. For example, AT&T, T-Mobile, Avis, Alamo, Hertz, and National all offer discounted rates or special benefits for federal employees. When it comes to travel, federal employees can also take advantage of discounted fares on airlines like JetBlue and United for official business trips. Similarly, hotel chains such as Choice Hotels, Hilton, Hyatt, IHG, Marriott, and Wyndham often offer government rates.

Furthermore, federal employees can unlock numerous discounts at major retailers by creating an ID.me account. For instance, Apple, Samsung, and Microsoft offer special pricing or discounts on select products for government employees. So, whether it's insurance, travel, or everyday purchases, federal employees can enjoy a wide range of discounts and benefits by taking advantage of these special offers.

Discounts for military members

Military car insurance offers the same basic coverages as traditional policies, like liability, comprehensive, and collision. However, it also includes special privileges, programs, and discounts for military members and their families.

GEICO's Military Discount

GEICO has been serving the military personnel for over 85 years. GEICO's Military Center is dedicated to the sales and service of military policies and is staffed with veterans from all services. GEICO offers a Military Discount of up to 15% on the total insurance premium for active-duty, retired, National Guard, and Reserve military members. They also offer Emergency Deployment Discounts and insurance discounts for members of certain military-related organizations.

Other Military Discounts

In addition to GEICO, several other insurance companies offer military discounts:

• USAA: USAA is the only major insurance company that caters exclusively to former and current service members and their families. They offer insurance to active military, veterans, and their families only. USAA members can get up to 15% off their comprehensive coverage by garaging their cars on military installations when deployed. They also have a telematics insurance program, USAA SafePilot®, which can help customers save up to 30% off their premiums.
• Arbella: Offers a 10% discount to Massachusetts customers deployed on active duty at least 100 miles from their car.
• Armed Forces Insurance: Provides auto insurance for veterans, active-duty personnel, and their families, as well as active or retired Department of Defense employees.
• Farmers, Liberty Mutual, Progressive, Allstate, and Arbella: Also offer discounts for military members.

Discounts for Stored Vehicles

Some companies offer rate assistance for stored vehicles. You can ask your insurance agency for a storage protection plan to ensure your car is protected while you're away. Some companies offer a discount of up to 60% if your vehicle is stored while you're deployed. This applies if your car is parked on a military base or stored elsewhere.

Other Discounts

In addition to military discounts, you can also save on auto insurance by having a good driving record, carpooling, being a non-smoker, using anti-theft devices, having low annual mileage, and more. You can also save by bundling your insurance policies, such as combining renters and auto insurance.

Discounts for safety features

GEICO offers a range of discounts for safety features, which can help lower your auto and renters insurance premiums. Here are the key discounts you should know about:

Multi-Policy Discount

GEICO offers a Multi-Policy Discount when you bundle your auto insurance with renters insurance. This means you can save money by having both your auto and renters insurance policies with GEICO. This discount applies not only to renters but also to homeowners, condo owners, or mobile home owners who bundle their policies.

Vehicle Safety Features Discounts

GEICO offers discounts for vehicles equipped with certain safety features. Here are the specific safety features that can help you save:

• Airbags – You can save up to 23% on select portions of your insurance coverage if your vehicle has working airbags.
• Anti-lock brakes – If your car has factory-installed anti-lock brakes, you can receive a 5% discount on certain car insurance coverages.
• Anti-theft systems – A built-in anti-theft system, such as a car alarm, can earn you a discount of up to 23% on the comprehensive portion of your premium.
• Daytime running lights – Vehicles equipped with daytime running lights as standard equipment can get you a 3% discount on certain car insurance coverages.
• New vehicle – If your vehicle is 3 model years old or newer, you can get up to a 15% discount on certain car insurance coverages.

Home Safety Features Discounts

In addition to vehicle safety features, GEICO also offers discounts for safety features in your home:

• Home Security Systems – If you live in a building with security staff or have installed a burglar alarm, you may be eligible for a discount on your renters insurance.
• Sprinklers or Smoke Alarms – Having smoke alarms and fire extinguishers in your rented home can save you money with a discount on renters insurance.

Frequently asked questions