Does GEICO offer the cheapest auto insurance?

I heard a while back that GEICO's prices are the best. Is this true?

Answer
Thank you for you question!
Car insurance rates are constantly fluctuating as GEICO’s prices aren’t set in stone. You have to remember that the cost of auto insurance is heavily dependent on personal factors, like:
  • Your age
  • Location
  • Driving record
  • Vehicle type
  • Credit score
GEICO and all other insurance companies use their own in-house formulas to weigh these factors and determine what to charge for coverage. This means the quotes you’ll get can be dramatically different, depending on the provider.
You can definitely get a quote from GEICO, but don’t stop there. You won’t know that they’re offering the cheapest car insurance until you shop around and get multiple quotes from other places. Jerry is a great resource to help you find the best rates. A licensed broker, Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and delivers the best deals to your phone in minutes.
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Carol Chung
Answered on Aug 09, 2021
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