According to the Bankrate study on rate data from Quadrant Information Services, Geico is one of the cheapest car insurance companies. Car insurance companies can weigh a lot of driving records when it comes to calculating car insurance rates. While coverage options and discounts may vary depending on the partner company, Geico does announce a package discount for auto insurance customers who add a property insurance policy through the company. We also found that insurance companies Allstate, Farmers, Liberty Mutual, Nationwide and USAA offered discounts for several vehicles; however, insurers didn't specify how much.
The company's Name Your Price tool can also help customers prioritize the price of their car insurance and find coverage that fits their budget. Auto insurance companies will automatically apply any multi-vehicle discount to your quote when you request it. As for the NAIC complaint rate, Geico has fewer complaints, on average, about its private passenger car insurance for a company of its size, with a complaint rate of 0.68. Policyholders who value car insurance and digital capabilities more than bundling several insurance policies with the same company might consider Geico as their preferred company. We compared the rates of the major auto insurance companies and found that the best discount came from Geico, which offers savings of up to 25% when insuring multiple vehicles with them.
Bankrate's Geico insurance review also revealed that the company doesn't underwrite many insurance products besides auto insurance. We'll spend some time looking at examples of these discounts on Geico vehicle safety equipment, as well as other types of discounts offered by Geico. Its coverage options are generally standard and it doesn't have as many optional add-ons as other auto insurance companies. Progressive auto insurance is available in all 50 states, but homeowners insurance isn't, so potential customers may want to check availability when looking for this company.