Geico Car Insurance Review – Low Cost Advisor
Geico Car Insurance Rate Comparison for Good Drivers
Geico has the cheapest average rates for good drivers when compared to other competitors. Car insurance companies usually offer the best rates to drivers with a recent clean driving record, since those drivers are less likely to file claims than drivers who have at-fault accidents, speeding tickets and other issues on their records.
Geico Car Insurance Rate Comparison for Drivers With a Speeding Ticket
Geico has the best car insurance rates on average for drivers with a speeding ticket, among the companies we analyzed. Geico increases auto insurance rates by nearly $400 on average for a speeding ticket. That’s a larger average increase than some other insurers we analyzed, but Geico still has the cheapest overall rates.
Geico Car Insurance Rate Comparison for Drivers Who Caused an Accident with Injury
Geico car insurance rates for drivers who caused an accident that injured someone else are lower than the national average ($2,304). However, you can still expect to see a significant increase to your car insurance bill if you’re to blame for an accident. The average Geico rate increase is slightly under $1,000 after an at-fault accident. If you cause a crash and injure others, it’s a good time to get quotes from multiple companies to see if you can find a better car insurance rate.
Geico Car Insurance Rate Comparison for Drivers With a DUI
The average Geico car insurance rate increases $1,785 after a driver with a good driving record is convicted of a DUI. That’s a bigger rate hike than some competitors, but it still puts Geico’s rates in the middle of top competitors overall. If you’re charged with a DUI, get quotes from multiple insurance companies to find the best rate for you.
Geico Car Insurance Rate Comparison for Drivers With Poor Credit
Geico has the cheapest average rates for drivers with poor credit—and it’s not even a close competition. Geico customers with bad credit may fork over less than half what drivers insured with other companies pay. Drivers with poor credit pay more than those with a good credit history. Insurance companies view people with bad credit negatively, since insurers believe a person with poor credit is more apt to file insurance claims. Note that California, Hawaii, Massachusetts and Michigan don’t allow insurance companies to use credit history as a factor when setting auto rates.
Geico Car Insurance Rate Comparison for Adding a Teen Driver
Adding a teen to your insurance policy may increase your premiums by almost $3,000, depending on your insurance company. Geico’s average rate increase is nearly $2,000 for adding a teen.
Why do rates increase so much for putting a teen on your policy? It all revolves around risk. A teen driver with little driving experience is more apt to get into an accident than a person with more driving experience. Insurance companies gauge risk differently for setting rates, so get quotes from other insurance companies to see if you can find a better rate when you add a teen to your policy.
Geico Car Insurance Rate Comparison for Young Drivers Ages 18 to 25
Geico has the best average rates for young drivers among top insurers. You may save more than $500 on average by switching from another company to Geico if you’re a young driver. Also, make sure to ask about discounts. You may get to save even more depending on your situation.
Geico Car Insurance Rate Comparison for Senior Drivers Age 65+
Senior drivers might benefit from switching to Geico. The insurance company has the cheapest average rates for drivers 65 and over among top competitors. In fact, senior drivers only pay $15 more on average than other drivers with good driving history. That’s the cheapest average rate increase when compared to large insurers.
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