GEICO, the largest cast advertiser in America, spends able-bodied over a billion dollars a year to drive home the bulletin that you can save money with GEICO.
While the exact bulletin has acquired over the years, the most accepted refrain in a GEICO bartering is “15 account could save you 15% or added on car insurance.” We’ve all heard it so abounding times, it’s allotment of our hidden at this point.
But is it absolutely true, do you absolutely save 15% or added with GEICO?
We analyzed abstracts from Priceonomics customer Raltin, a accounts abstracts aggregation that combed through accessible allowance filings in eight states to acquisition out if GEICO saves you money. We looked at the quoted ante for drivers with apple-pie active annal and commensurable behavior to see how GEICO premiums analyze to the average in anniversary state.
We begin that beyond the eight states we looked at, GEICO ante were about 20% cheaper than the accompaniment median. In every accompaniment we looked at, GEICO was cheaper than the average and the discounts ranged from 12% to 34%.
However, while GEICO is cheaper than the median, it’s not consistently the cheapest option. We did a abysmal dive in California and begin that both Metromile and USAA were cheaper than
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