Does GEICO offer the cheapest auto insurance?

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

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Carol Chung
Answered on Apr 12, 2021
It might be true, it might not be true. GEICO’s prices aren’t set in stone. You have to remember that the cost of auto insurance is heavily dependent on your personal factors, things like your age, location, driving record, vehicle type, credit score, etc.
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 can 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.
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