Geico Insurance: Are You Covered When Driving?

GEICO offers a range of insurance options for drivers, including commercial and personal auto insurance. GEICO's car insurance covers liability and personal injury protection, and vehicle-specific coverages protect your car from costly repairs or replacements caused by accidents or unexpected incidents. They also offer several discount opportunities, including savings for good students, federal employees, and safe drivers. GEICO also provides insurance for teen drivers, allowing parents to add their teens to their existing policies. This can be a more affordable option than purchasing a separate policy for their teen driver. GEICO also offers permissive use auto insurance, which allows unlisted drivers who do not live with the policyholder to drive the vehicle infrequently.

Discounts for teens and new drivers

Car insurance for teens and new drivers tends to be pricier due to their lack of driving experience and higher accident rates. However, GEICO offers a range of discounts to help mitigate these higher costs.

Firstly, it is often cheaper to add your teen driver to your existing car insurance policy than to get them a new policy. When teens are added to policies as drivers, they can typically secure lower rates. GEICO allows you to differentiate your coverage based on the vehicle your teen driver uses.

GEICO also offers a Good Student Discount, where students maintaining a "B" average or better can get up to 15% off on certain coverages.

The Good Driver Discount is available to those who have not been in an accident within the last 5 years. Teenage drivers can save up to 22% on most coverages.

GEICO also offers a discount of up to 10% for enrolling in the DriveEasy program and monitoring driving habits. After the monitoring period, drivers who demonstrate safe driving habits can receive a discount that exceeds 10%.

Additionally, GEICO provides a Defensive Driver Discount for those who complete an approved defensive driving course. The discount availability and amount vary between states and companies, but it can be as high as 10% in some states.

Finally, GEICO recommends considering the type of car, limiting access to vehicles for new drivers, and getting a quote before purchasing a vehicle. Insurance costs are lower on more conventional vehicles, and increasing deductibles can reduce auto insurance premiums.

Adding a driver to your existing policy

Adding a driver to your GEICO insurance policy can be done by logging in to your account or mobile app. If you are a new customer, you can get a quote online to start a policy. When adding a driver, you will need to provide their full name as it appears on their driver's license.

There are several types of drivers you may need to add to your policy. Significant others, partners, or fiancés should be added to your policy if they live in the household and regularly operate your vehicle. Teen drivers and college students need to be added to your policy if they have a learner's permit or a valid driver's license. Teen drivers can be costly due to their limited driving experience and higher accident rates, but you can save money by adding them to your existing policy and extending your coverage to them. They may also qualify for money-saving discounts, such as the good student discount, which is available when they maintain a "B" average or better, and the good driver discount, which is available if they have not been in an accident within the last five years. Roommates who live in your household and regularly operate your vehicle should also be added to your policy, as should friends who regularly drive your vehicle.

In some cases, adding a driver to your policy can affect your premium, depending on factors such as the driver's relationship to you, their age, their driving history, past claims, and their driving record. For example, adding a newly licensed teen driver with little driving experience can increase the premium, but they may be eligible for discounts that can help offset the difference. Experienced drivers may also be eligible for additional discounts.

GEICO also offers rideshare insurance, which covers delivery drivers. This is a hybrid insurance policy that replaces a personal auto policy rather than acting as an add-on to existing coverage. GEICO's rideshare coverage is currently available in 40 states.

Commercial auto insurance

GEICO's commercial auto insurance provides coverage 24/7, meaning that whether you are working or not, your vehicle is protected. It covers liabilities, collisions, comprehensive, medical payments, and uninsured or underinsured motorists. GEICO also offers a range of additional options to tailor the policy to your business's specific needs, such as Emergency Roadside Service and New Vehicle Replacement Cost Coverage.

GEICO's commercial auto insurance is suitable for businesses of all sizes, from large fleets to small businesses, and can even insure vehicles for specialty services, including towing, landscaping, and construction. It is also available for rideshare drivers, although this may depend on the state, as in some cases, a commercial policy may be required.

When determining the cost of commercial auto insurance, several factors are considered, including the driving records of the individuals operating the vehicles, as well as external variables like industry regulations and market trends. GEICO offers competitive rates and outstanding service, and you can easily manage your commercial auto policy online.

Discounts for federal employees

GEICO offers multiple insurance discounts and premium reductions to help customers save money. Federal employees can benefit from many of these discounts and special programs.

The GEICO Federal program provides federal government workers with benefits and special programs. Many federal employees qualify for the Eagle Discount, which is based on your GS or equivalent grade. If you are a member of a federal-related organization, you may be eligible for the Membership Discount.

GEICO has also partnered with hundreds of groups, including Alumni Associations, Fraternities and Sororities, and Professional Organizations, to provide discounts on car insurance. These discounts are available to federal employees who are members of these organizations.

It is important to note that some discounts, coverages, payment plans, and features are not available in all states or all GEICO companies, and the discount amount may vary in some states. GEICO may not have a formal relationship with all organizations, but federal employees may still qualify for a special discount based on their membership, employment, or affiliation.

Discounts for safe drivers

GEICO offers several discounts for safe drivers. One way to take advantage of these discounts is by completing an approved defensive driving course. For example, Arizona drivers can save up to 10% on applicable coverages by completing a course offered by Defensive Driving by IMPROV or the National Safety Council. Similarly, Minnesota drivers can save up to 12% on applicable coverages by completing an approved defensive driving course.

GEICO also offers the DriveEasy program, which rewards safe driving habits tracked by the GEICO Mobile app. DriveEasy uses your phone to automatically gauge your driving by analyzing factors such as how hard you brake, how fast you go around corners, and how often you use your phone to calculate a safe driving score. With Accident Assist, DriveEasy can detect a hard brake and will immediately send you a notification to check if you need assistance. The program is optional and not available in all states and situations.

For teenage drivers, GEICO offers a Good Driver discount if the driver has not been in an accident within the last 5 years. Teenage drivers can save up to 22% on most coverages.

In addition to safe driver discounts, GEICO offers discounts for vehicles with extra safety features, such as anti-lock brakes, airbags, and advanced collision avoidance systems. These features reduce the risk of accidents and injuries and can lower policy premiums. For example, vehicles with airbags, seat belts, and/or passive restraint systems can save up to 23% on the medical payments or personal injury portion of car insurance.

Frequently asked questions