Geico – Does it really save you money ?


I’ve switched to geico almost 2 years ago , why , i wanted to save money 🙂 . I was switching from prudential then and i immediately saw a $400 savings a year. I was so happy , i didn’t even care to review my coverage.

2 years later , i.e, now in 2007 , when i approached Allstate , i was asked to send my geico coverage. This was the first time ever i looked at my coverage and was utterly shocked what i found out.

Here is what geico provided.

BODILY INJURY LIABILITY $15,000/$30,000 N/A $95.30
RENTAL REIMBURSEMENT $900 NON-DED $17.30
MECHANICAL BREAKDOWN INSURANCE N/A $250 DED. $37.10
PROPERTY DAMAGE LIABILITY $5,000 N/A $90.90
PERSONAL INJURY PROTECTION PRIMARY OPTION A $97.50
UNINSURED MOTORIST & UNDERINSURED MOTORIST $15,000/$30,000 N/A $9.50
UNINSURED MOTORIST & UNDERINSURED MOTORIST PD $5,000 N/A $5.10
COMPREHENSIVE N/A $500 DED. $53.20
COLLISION N/A $500 DED. $224.60
EMERGENCY ROAD SERVICE FULL NON-DEDUCTIBLE $4.20

This is what Allstate offers

BODILY INJURY LIABILITY $250,000/$500,000 N/A $7 8.06
RENTAL REIMBURSEMENT Per Day
$30 $21.30
MECHANICAL BREAKDOWN INSURANCE N/A N/A N /A
PROPERTY DAMAGE LIABILITY $100,000 N/A $48.50
PERSONAL INJURY PROTECTION PRIMARY OPTION A $97.50
UNINSURED MOTORIST & UNDERINSURED MOTORIST $250,000/$250,000 N/A $41.70
UNINSURED MOTORIST & UNDERINSURED MOTORIST PD N/A N/A N/A
COMPREHENSIVE N/A $500 DED. $29.51
COLLISION N/A $1,000 $117.13
TOWING LABOR Ea Occ
$1000 $6.40

The bottom line is , for a far more better coverage All-State was charging $497.04 for 6 months and geico was charging $634.70 for 6 months. Not only did i save money with All-State, i also got a much better coverage.

The vehicle being insured was Toyota Rav4 2006.

So when you are shopping for the auto-insurance or switching the insurance providers, please make sure you have the right coverage. For more on policy coverage , click here.

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