Geico Discounts: What discounts does Geico offer?

If you read our list of Geico discounts below you will discover that Geico offers 31 different discounts including the Geico student discount, the Geico good driver discount, the Geico multi-car discount, the Geico defensive driving discount, the Geico VIN etching discount, the Geico government employee discount, and many more!

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 15, 2021

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Things to remember...

  • Geico originally sold auto insurance strictly to government employees and now offers personal products for all
  • The company is dedicated to service and it shows; 80% of their customers give the insurer 5-star ratings
  • Geico offers competitive rates to a variety of consumers and most drivers will qualify for at least some discounts
  • When you want to find a good deal on your coverage, shop the market in your region and also shop for discounts
  • Some of the most notable discounts offered by Geico include: Accident-Free, Loyalty, Good Student, and Military

Geico offers many different auto insurance discounts and their ability to help you save has become what they are most widely known for. However, many consumers don’t actually know that Geico was originally in business to sell insurance strictly to federal employees and their families. From 1936 all the way to 1973, Geico strictly sold insurance to government employees and military personnel at a special discount.

The word Geico is actually an acronym that pays homage to the roots of the organization, standing for Government Employees Insurance Company.

In 1974, Geico’s marketing and underwriting focus changed forever when the company started to sell coverage to the general public. While this transition was marked by some downs, ultimately they rebounded to become the second-largest auto insurance company in the country.

While the company does receive good customer satisfaction rankings, there’s always room for growth as Geico has a #20 ranking through JD Power.

Shopping for auto insurance can easily be mistaken as a chore. It’s not something you really look forward to unless you know you can save money by putting in a little effort.

Enter your ZIP code above to start searching for great insurance rates in your area.

If you’re thinking about buying insurance through Geico, one of your focuses should be getting auto discounts. You know the company is fiscally superior, but so are a lot of companies. Here’s a guide to Geico auto insurance discount offerings and then be sure to read our Geico auto insurance review.

Do all companies offer the same discounts?

All auto insurance companies, no matter how big or small they are, offer their own variety of discounts very much like companies offer their own rates. This is the primary way that different providers make their products competitive.

There are some cases in which a discount will be offered by all of the providers in a particular state, as discounts can be required. For example, California requires Good Driver or Safe Driver discounts to be made available because they promote safe driving.

Comparison shopping is key when you’re looking to purchase an insurance product, which is a no-brainer. However, some people may forget to check what types of discounts a company offers. Before you purchase insurance coverage, make sure you ask your insurance agent if there are any types of discounts applicable to you that can help you save on your premiums.

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What Discounts Does Geico Offer?

You can classify auto insurance discounts in one of three categories: driver, vehicle, and policy discounts. There are 31 different Geico discounts available that can help you see a premium reduction. That’s a lot of ways to save on your insurance premium! Currently, MetLife and Liberty Mutual lead the pack with the most discounts coming in at 38, so Geico is close to the top.

How does Geico compare to some of the larger companies in the U.S.? Take a look:

67 Auto Insurance Discounts by the Top 10 Companies
DiscountsAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Discounts Provided #29273432383536202828
Adaptive Cruise Controlxxx
Adaptive Headlightsxxxx
Anti-lock Brakesxxxxxxxxxx
Anti-Theftxxxxxxxxxx
Claim Freexxxxxxxxxx
Continuous Coveragexxxxxx
Daytime Running Lightsxxxxxxxxx
Defensive Driverxxxxxxxxxx
Distant Studentxxxxxxxxx
Driver's Edxxxxxxxxx
Driving Device/Appxxxxxxxxx
Early Signingxxxxxxxx
Electronic Stability Controlxxxxxx
Emergency Deploymentx
Engaged Couple
Family Legacy xxxx
Family Planxxx
Farm Vehiclexxx
Fast 5
Federal Employeexxx
Forward Collision Warningxxx
Full Paymentxxxxxxx
Further Educationxxxx
Garaging/Storingxxx
Good Creditxxx
Good Studentxxxxxxxxxx
Green Vehiclexxxx
Homeownerxxxxxxx
Lane Departure Warningxxx
Life Insurancexx
Low Mileagexxxxxxxxxx
Loyaltyxxxxx
Marriedxxxxx
Membership/Groupxxxx
Militaryxxxxxx
Military Garagingx
Multiple Drivers
Multiple Policiesxxxxxxxxxx
Multiple Vehiclesxxxxxxxxx
New Addressx
New Customer/New Planx
New Graduatex
Newer Vehiclexxxxxxxx
Newly Licensedx
Newlywedsx
Occasional Operatorx
Non-Smoker/Non-Drinker
Occupationxxxxxx
On Time Paymentsxx
Online Shopperx
Paperless Documentsxxxxx
Paperless/Auto Billingxxxxxxxxx
Passive Restraintxxxxxxxxxx
Recent Retireesx
Renter
Roadside Assistance
Safe Driverxxxxxxxxx
Seat Belt Usex
Senior Driverxxx
Stable Residencexx
Students & Alumnixxxx
Switching Providerxxxx
Utility Vehiclexxx
Vehicle Recoveryxxxxxxxxxx
VIN Etchingxxxxxx
Volunteerx
Young Driverxxx
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Here’s a breakdown of all of the discounts Geico offers:

What Driver Discounts Does Geico Offer?

Driver discounts are awarded based on different factors about each of the drivers on your policy, such as being a full-time student, having a clean driving record, or taking a defensive driving course.

When you buy insurance, the agent will ask you to name every licensed driver in the home. This includes both drivers who can access your car regularly as well as those who have their own insurance. Drivers with their own coverage won’t be rated; however, any rated driver in your household that’s listed on your policy could be eligible for the following driver-related discounts when you buy coverage from Geico:

  • Accident-Free (5 years of no accidents)
  • Defensive Driver (3 year discount for mature drivers who complete an approved class)
  • Distant Student (for college students 25 and younger who are attending school 100 or more miles away)
  • Driver’s Ed (drivers under 21 can receive special credit for completing a teen driving course)
  • Good Student (GPA of 3.0 or higher for students between 15 and 24 years old)
  • Federal Employee Eagle Discount (active or retired Federal employees)
  • Homeowner
  • Further Education (drivers who earn a 4-year degree or higher)
  • Occupation (discounts for a long list of occupations only in AZ)
  • Safe Driver
  • Students and Alumni of certain universities

What Vehicle Discounts Does Geico Offer?

You probably already know that the cost of an auto policy is not going to be the same for every car. Some cars cost more to repair, more to maintain, and more to replace. All of these factors have to be considered when a carrier is classifying the car, and vehicle discounts can be awarded based on some of those factors.

Depending on the safety features your vehicle is equipped with, what they find could help you save. You may be eligible for a discount on your auto insurance policy if any of your vehicles have the following features:

  • Anti-lock Brakes
  • Anti-theft (larger savings for an active alarm that disables the engine)
  • Daytime Running Lights (only in LA and NY)
  • Farm Vehicle
  • Newer Vehicle (5 years old or newer)
  • Seat Belt Use
  • Utility Vehicle
  • Passive Restraint
  • Vehicle Recovery (for LoJack and OnStar only available in NY, CA, NJ, RI, and MA)

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What Policy Discounts Does Geico Offer?

Policy discounts are a more broad type of discount that can help you save on your insurance coverage. This category is made up of things that don’t fit into the others, so these ways to save have to do with how you handle, use, and pay for your policy.

If you have an auto insurance policy when you get your quote with Geico, you can expect to save some money for keeping continuous coverage. This company is big on continuous coverage and even offers discounts (among other perks) for maintaining a policy with them for several years.

You can also pay less for insurance coverage from Geico if you forego the payment plan and take care of it all at once.

Here are all of the policy discounts to look for from Geico:

  • Continuous Coverage (3 years of coverage without any gaps)
  • Early Signing (must activate coverage 7 days before the policy effective date)
  • Emergency Deployment
  • Family Legacy (teen driver branches off from their parents’ policy)
  • Full Payment
  • Low Mileage
  • Loyalty (grows as you stay with the company for multiple terms)
  • Multi-policy (for maintaining property insurance and auto insurance with Geico)
  • Membership and Group Discounts
  • Multi-car (for buying insurance on 2 or more household vehicles with Geico)

How Much Can You Save With Geico?

Even though this company is known for its slogan that boasts they’ll save you 15 percent or more, you won’t actually know how much each discount will save you until you get a rate quote.

You can get online quotes directly through Geico’s site, or you could use another comparison tool and compare multiple quotes at once. This is a way to estimate how much Geico discounts could save you, but you should always speak with an agent directly because they will have the most accurate information and will be able to look at your unique situation to help you save.

To find what rates are available near you, enter your ZIP code in the box below.

References:

  1. https://www.referenceforbusiness.com/history2/46/Geico-Corporation.html
  2. https://www.geico.com/about/corporate/history/
  3. https://www.jdpower.com/ratings/study/Insurance-Shopping-Study/1068ENG
  4. https://www3.ambest.com/ratings/entities/CompanyProfile.aspx?BL=0&ambnum=2933&AltNum=16722933&AltSrc=3
  5. https://www.consumerwatchdog.org/feature/20-good-driver-discount
  6. https://www.nsc.org/learn/Safety-Training/Pages/defensive-driving-course-online.aspx
  7. https://www.foxbusiness.com/features/2013/07/01/auto-insurance-discounts-not-to-be-missed.html

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