What discounts does GEICO offer?

One of the best ways to save money on car insurance is to take advantage of discounts. So when shopping for auto insurance, look at the number of discounts the company offers.

GEICO has one of the best lists of discounts for drivers. There’s something for everyone, from good student discounts to anti-theft device savings. GEICO also partners with hundreds of employers, colleges, and organizations to provide even more discounts.

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GEICO also offers some of the lowest rates for most drivers. So if you’re looking for insurance, GEICO is worth checking out. Read on to learn more about GEICO discounts below, then compare prices to find the best rates for you.

GEICO Discounts for Drivers

Drivers can get discounts for various things, including safe driving behaviors, occupations, and driving course completion. Below is a list of discounts GEICO offers to its policyholders:

• Good driver (Accident-free.) You can save up to 22% if you go five or more years without an accident.
• Good student. The GEICO good student discount is available for full-time students who maintain a 3.5 GPA. Eligible drivers can earn up to 15% off their insurance.
• Defensive driver. Older drivers can earn a discount for three years if they take an approved defensive driving class.
• Distant student. College students under 25 get a discount if they attend a school more than 100 miles away from home.
• Federal employee (Eagle). GEICO offers a discount of 12% for active and retired federal employees, known as its “Eagle” discount.
• Military. Active or retired military members get a 15% discount.
• Driver’s education. This discount is for young adults under 21 who complete a driving course.
• GEICO DriveEasy. To earn a good driver discount from GEICO, you need to enroll in the DriveEasy program. GEICO DriveEasy is the company’s monitoring app that rewards you for driving safely.
• Organizations and alumni. If you attend or graduate from an eligible school, you may qualify for a discount for alumni or organization affiliations. Check with an insurance representative for a complete list of participating organizations.
• Emergency deployment. Military members can save 25% on their insurance during deployments, so they don’t face a coverage lapse.
• Memberships. There are over 500 organizations affiliated with GEICO, and if you’re a member of one or more of these organizations, you might be entitled to a discount.

If you have more than one driver on your policy, make sure they check for eligible discounts. If they’re on your policy, they can add extra discounts.

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GEICO Discounts for Cars

More: Get good grades? Ask your provider about a good student discount!

Your car type is one of the biggest factors affecting your insurance rates, but when it comes to discounts, your car can also help you save money.

• Anti-lock brakes. Anti-lock brakes help restore traction to your tires in emergencies. You can save 5% on your bill if your car has anti-lock brakes.
• Air bags. You can save up to 23% on the medical payments or personal injury protection portion of your insurance if your car has air bags.
• Anti-theft devices. Cars with anti-theft devices get another 23% discount on the comprehensive policy.
• Daytime running lights. Earn a small discount of 3% if your car has running lights installed.
• New vehicle. If your car is three years old or newer, you’ll get a 15% discount.
• Seat belt use. Using your seat belts every time you get into your car will earn you a discount on your personal injury protection or medical payments insurance.
• Special vehicles. GEICO offers discounts for non-standard cars, such as farm or utility vehicles.

The good news about discounts for your car is that GEICO will automatically check for most of them during your application. You’ll probably have to answer a few questions about your car’s safety features when you request a quote.

GEICO Policy Discounts

You don’t need special features or to be a college alumnus to get a discount on your insurance. You can earn discounts simply by being a good customer with the following options:

• Low mileage. The GEICO low mileage discount isn’t technically a discount, but people who drive 7,500 miles per year pay about 27% less than people who drive 15,000.
• Multi-car. You can earn the GEICO multi-car discount if you have more than one vehicle on your policy. If the car owner lives with you, you can add their vehicle to your policy.
• Family legacy. GEICO likes to reward drivers for loyalty. Teens that branch off a parent or guardian’s policy earn a loyalty discount.
• Continuous coverage. GEICO will give you a discount if you’ve had insurance for the last three years without interruption. The coverage doesn’t have to be with GEICO.
• Early signing. You can earn this discount by paying for your new policy at least seven days before activation.
• Paid-in-full. Earn the GEICO pay in full discount by paying for your entire policy at once rather than in monthly payments.
• Bundling. GEICO sells motorcycle, homeowners, life, and other insurance types. You can earn a bundling discount by buying more than one policy with GEICO.
• Loyalty. The longer you stay with GEICO, the larger your discount will be.

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As you can see, you can earn many of these discounts by just being a GEICO customer.

How does the list of GEICO discounts compare with other companies?

While most companies offer discounts to help customers save money, GEICO has one of the longest lists. To compare companies, look at the number of discounts offered by the largest companies below.

More: Auto Insurance Discounts (The Big List & How to Save)

 

As you can see, the major insurance companies offer many discounts. While GEICO offers one of the best lists of discounts, there are a few companies that provide more.

However, having a lot of discounts doesn’t necessarily mean low prices. For example, Allstate offers a strong list of discounts but has the highest average rate.

More: What discounts does Progressive offer? (2022)

The main factor that determines your auto insurance rates are your unique characteristics. Companies look at things like your age, gender, location, credit score, and many other factors to determine your rates. Discounts can help you save, but these factors mainly determine your rates.

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Find Out if GEICO Is Right for You

Getting discounts on your car insurance is an important part of finding affordable coverage, but it’s not the only piece to the puzzle. GEICO helps its customers with a long list of discounts, but it also helps people save in other ways.

While GEICO usually receives great reviews, you should always compare companies. Shopping for prices is the best way to ensure you get the lowest rate possible.

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