You can lower your geico auto insurance costs by taking advantage of geico discounts, opting for a higher deductible, and improving your driving record, among other things. Some Geico discounts are worth up to 40% off, and customers can apply multiple discounts to one policy to save even more.
At the end of the day, your Geico auto insurance bill is influenced by many factors. Fortunately, you can take steps to influence some of those factors to lower your premium.
Reading: Geico how to lower insurance
how to lower the cost of geico car insurance
reduce your coverage
Most states require a certain amount of bodily injury and property damage liability coverage. But there are other coverage options (such as comprehensive, collision, personal injury protection, and uninsured motorist coverage) that you can get away with not having, depending on the state.
Less coverage generally means lower premiums, but could also lead to higher costs in the long run, so it’s important to approach coverage decisions with caution.
use geico auto insurance discounts
geico offers a wide variety of discounts you could be eligible for and not even know it. There are discounts for having certain memberships and professional affiliations, for example, as well as discounts for taking defensive driving courses, combining insurance coverage, and insuring more than one vehicle with Geico.
choose a higher deductible
opting for a higher deductible on any of your geico insurance policies can lower your premium. But if you decide to go this route, it’s important to set aside enough money to pay your deductible in case you need to file a claim. otherwise, you may not be able to use the coverage you have.
improve your driving record
Improving your driving record, whether it’s taking a defensive driving course to take points off your license or ensuring you don’t get more tickets, can help you qualify for lower geico car insurance rates.
improve your credit score
Get personalized advice to improve your credit for free at wallethub. Improving your credit score could actually make Geico seem like less of an insurance risk, so you may see your auto insurance costs drop.
Whether you can shorten your commute, use more public transportation, or even bike more, driving fewer miles each year could lower your premium. Geico customers save an average of 1.3% by driving fewer miles than the national average, according to a study by the Consumer Federation of America. And the less you drive, the more likely you are to save.
install security/protection devices
Most new cars include safety features like daytime running lights and driver’s side airbags, and geico offers you a lower rate. You may also qualify for discounts if your car has other safety features, such as anti-lock brakes and full front-seat airbags.
You may be eligible for a lower rate if you also install a modern anti-theft device, no matter how old your vehicle is. Geico offers savings of up to 25% off the full premium for customers who drive a car with an anti-theft system.
reconsider where you live
Auto insurance prices vary by zip code. If you’re already thinking about moving anyway, choosing the right area could lead to savings on auto insurance.
Check to see what other insurance companies may offer, so when it’s time to renew your Geico auto insurance policy, you’ll be able to see if the company can match the lower rates you’ve been quoted. When shopping around, be sure to find out exactly how much you’d pay for 6-month and 12-month premiums, how much your deductibles would be, and what your coverage limits are.
Finally, if you make changes to lower your geico auto insurance costs, don’t forget to make sure your insurance coverage still meets your state’s minimum insurance requirements.