Auto Insurance Company Basics

When shopping for auto insurance, many people make the mistake of shopping on price alone. But there are other considerations to keep in mind when comparing auto insurance companies.

  1. Financial stability. Those ultra-low teaser rates won't do you any good if the company isn't there when you need to file a claim. Verify the financial health of any insurance provider by visiting insurance rating companies like A.M. Best or Standard & Poor's. GEICO has earned high ratings from both A.M. Best (A++) and Standard and Poor's (AA+).
  2. Accessibility. Buying auto insurance from GEICO assures you the confidence of doing business with one of the largest providers in the nation plus the ability to contact GEICO anytime.
  3. Discounts. When you get an auto insurance quote, be sure to compare the discounted price available for having multiple policies with one company. GEICO offers a multi-line discount on its Auto Insurance, Motorcycle Insurance, and Umbrella Insurance products.

When is buying cheap auto insurance a good idea? If you can get financial stability, accessibility and discounts all from the same insurance company, then buying cheap makes sense. At GEICO we have a winning formula that lets us give you great service 24-hours a day and seven days a week, all at a great cheap rate! And we might even give you a toasted muffin with butter and jam.