Determining Auto Insurance Rates

How are auto insurance rates determined?

We aren't just pulling numbers out of a hat.  Determining car insurance rates involves analysis by GEICO actuaries, who evaluate risk by using statistical data. Insurance rates are then determined based on an individual's chance of being in an accident. Some factors that may influence your auto insurance premium are:

  • Driving experience
  • Driving record
  • Location
  • Vehicle's safety features

It's all about the numbers!

When you watch this short video, you'll learn about the detailed work involved, and how our actuaries determine the best car insurance rates for GEICO policyholders.