Question

What are some company recommendations for GEICO auto insurance? Including the evaluation of feasibility and potential costs or risks. Please provide a response that is atleast 2 pages.

Answer 1

Solution

GEICO Auto Insurance

GEICO auto insurance has competitive rates, good customer service, and enough coverage options and discounts to please most drivers. It offers a lot in terms of convenience, with 24-hour customer service available and an app where you can control almost all aspects of your coverage on the go. However, if you are a high-risk driver—specifically a young driver with an accident on your record—you might overpay for car insurance with GEICO. Also, GEICO will provide coverage if you need an SR-22 or FR-44 filed on your behalf.

GEICO Auto Insurance Features, Coverages and Discounts

For the most part, GEICO's solutions for auto insurance customers are similar to what you can get with the other major car insurers like Progressive, State Farm and Farmers. The exceptions to this are the GEICO Mobile app and the Prime Time Contract, which is an interesting program for drivers over the age of 50.

GEICO Mobile app: Drivers can use the GEICO Mobile app for all aspects of managing their auto insurance, from getting a quote to filing a claim. Drivers insured with GEICO can even use Amazon's Alexa to pay their insurance bills. If you are looking for an auto insurer that's not going to make you go through an agent or wait on the phone to manage your auto insurance policy, then GEICO is a great option. While this is not the only app where you can manage your auto insurance, it is one of the absolute best.

Prime Time Contract: This is a guaranteed auto insurance renewal program designed for GEICO customers who are over 50 years old. Customers in the Prime Time Contract program will always have the option to renew their insurance policy as long as they continue to be GEICO auto insurance policyholders. Drivers in this program are protected from situations where an insurer might not offer to renew a policy—like drivers who are considered high-risk due to multiple traffic violations. Just note that the Prime Time Contract does not guarantee that your rates will always be the same. Besides being over the age of 50 to qualify for this program, you must:

• Have no drivers under 25 years old on the policy.
• Have no violations or accidents in the last three years.
• Have no vehicles on the policy that are used for business.

Some insurers might offer a guaranteed renewable policy to customers who have been with them for a certain amount of time—for example, more than 20 years with Progressive. GEICO offers this policy to new customers, which is quite unique.

Auto Repair Xpress®: This is a program that includes a network of repair shops that work with GEICO. By choosing to fix your vehicle at an Auto Repair Xpress® facility, you get a GEICO-backed guarantee for all repairs as long as you own your vehicle. This is a nice feature to have, but it's not unique to GEICO, as Farmers and Progressive also have repair guarantees.

Car Buying Service: To help you get a better deal on a new car, GEICO offers its Car Buying Service, which connects you to local dealerships and lets you see what other people have paid for a certain vehicle. You can use this service to compare car prices without having a GEICO insurance policy.

GEICO Auto Insurance Coverages

Most of the coverage options that GEICO offers are pretty much in line with what is available with other auto insurance companies, although they may vary by state or by vehicle. Here's what GEICO offers:

• Bodily injury and property liability coverage.
• Collision and comprehensive coverage.
• Uninsured and underinsured liability coverage.
• Medical payment and personal injury protection coverage.
• Gap insurance for leased vehicles.