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What is GEICO insurance?
GEICO Insurance Company is a well-known insurance company that has established its niche in providing low rate premium policies. GEICO stands for Government Employees Insurance Company. It was started initially to provide insurance policies to the US government employees.
Today GEICO car insurance serves almost 16 million people in America.
Car insurance provided by GEICO
The GEICO members are equipped with GEICO mobile app that helps the driver to claim the insurance whenever they want. The auto insurance covers the following liabilities;
- Bodily injuries along with the property liability coverage
- Collision coverage
- Comprehensive coverage
- Uninsured motorist insurance coverage
- Underinsured liability coverage
- Medical payment
- Personal injury protection coverage
- Gap insurance for leased vehicles
Apart from all the above, there are some additional coverage as well:
- Rideshare insurance
- Emergency road service coverage
- Accident forgiveness coverage
- Glass coverage
- Rental reimbursement
- Repair coverage
The customers are also entitled to huge premium discounts:
- Military discounts for the US deployed military officials.
- Student discount for teen insurance coverage
- Federal employee discount for active and retired federal employee.
- Defensive drivers discount for the customers who have entitled in a driving course
- Vehicle equipment discount to upgrade the car with good quality equipment
Minimum coverage option
The minimum coverage options in GEICO car insurance defers from state to state. In California, the minimum coverage for bodily injury is $15000 per person and the property damage is covered with a minimum of $5000.
Every state has different policies, thus you must check with the state insurance regulations to get minimum coverage.
Factors to keep in while Buying a Car Insurance
You must decide upon which insurance plan is going to be the most beneficial for you. How much premium do you have to pay while purchasing one for yourself? Does that suit your budget? How good is the payout in case of emergencies and what all other perks are provided? These things are the most important factors that must be kept in mind while going for any related kind of service. One must investigate the various factors of how much money will be compensated in case of an accident. Your thought will be that it must cover the total cost of the vehicle but for that to happen you will have to shell out substantial amount of money out of your pocket. It has to a smart decision as you need to lookout for your profits down the road. Hence it often recommended to go for one of the best car insurance companies in the market in terms of affordability.
They offers one of the best car insurance rates to their customers to lure them from other companies and their car insures are the most rated car coverage in the field.