Yes, Geico offers Mechanical Breakdown Insurance (MBI), which is similar to an extended car warranty and covers the cost of repairs to major mechanical components of your vehicle. This insurance can provide peace of mind by covering unexpected mechanical failures that are not typically covered by standard auto insurance policies. At Rate Frog, we provide detailed information on Geico’s MBI and how it can benefit you.
What is Mechanical Breakdown Insurance (MBI)?
Mechanical Breakdown Insurance (MBI) is a type of coverage that pays for the repair or replacement of major mechanical parts and systems in your vehicle that fail due to normal wear and tear or mechanical defects. It is designed to cover issues beyond the typical scope of standard auto insurance, which usually covers only collision and comprehensive claims.
Coverage Details
1. Covered Components
Geico’s MBI covers a wide range of mechanical and electrical parts, including:
- Engine Components
- Transmission
- Drivetrain
- Suspension
- Steering
- Brakes
- Electrical Systems
- Air Conditioning and Heating Systems
- Cooling System
- Fuel System
2. Exclusions
MBI does not cover routine maintenance or wear-and-tear items such as:
- Oil Changes
- Tires
- Brake Pads
- Battery Replacement
- Windshield Wiper Blades
- Regular Tune-ups
3. Eligibility
To be eligible for Geico’s MBI, your vehicle must meet specific criteria:
- Age and Mileage: The vehicle must be less than 15 months old and have less than 15,000 miles at the time of purchase.
- Regular Maintenance: The vehicle must be maintained according to the manufacturer’s specifications.
4. Deductibles
MBI policies typically have a deductible that you must pay out of pocket before the insurance coverage kicks in. Deductibles can vary, so it’s essential to review your policy for specific details.
How to Purchase Geico’s Mechanical Breakdown Insurance
1. Contact Geico
You can add MBI to your Geico policy by contacting their customer service:
- Phone: Call Geico’s customer service at 1-800-861-8380.
- Online: Log in to your Geico account on their website and navigate to the “Add Coverage” section.
- Local Agent: Visit a local Geico agent to discuss adding MBI to your policy.
2. Provide Vehicle Information
When purchasing MBI, you will need to provide details about your vehicle, including:
- Make and Model
- Year
- Current Mileage
- Vehicle Identification Number (VIN)
3. Review and Confirm Coverage
Ensure that you review the terms and conditions of the MBI coverage, including covered components, exclusions, deductibles, and premium costs. Confirm your coverage with Geico to finalize the addition to your policy.
Benefits of Mechanical Breakdown Insurance
1. Financial Protection
MBI helps protect you from the high costs of unexpected mechanical repairs, providing financial peace of mind.
2. Comprehensive Coverage
MBI covers a wide range of mechanical and electrical components, offering more comprehensive protection than standard warranties.
3. Flexibility
MBI allows you to choose your repair shop, giving you flexibility and control over where your vehicle is repaired.
How to File a Claim
1. Report the Breakdown
If your vehicle experiences a mechanical breakdown, contact Geico to report the issue:
- Phone: Call Geico’s claims department at 1-800-861-8380.
- Online: Log in to your Geico account and navigate to the claims section to report the breakdown.
2. Get an Estimate
Take your vehicle to a repair shop to get an estimate for the repairs. Ensure the repair shop is aware that you have MBI coverage with Geico.
3. Submit the Claim
Provide Geico with the repair estimate and any required documentation. Geico will review the claim and determine if the repairs are covered under your MBI policy.
4. Repair Authorization
Once the claim is approved, Geico will authorize the repairs. You will be responsible for paying the deductible, and Geico will cover the remaining repair costs up to the policy limits.
Final Thoughts
Geico’s Mechanical Breakdown Insurance (MBI) offers valuable protection against the high costs of unexpected mechanical repairs. By understanding the coverage details, eligibility criteria, and benefits, you can decide if MBI is the right option for your vehicle. At Rate Frog, we help you explore your insurance options and find the best policies to suit your needs. Visit our platform today to compare quotes and secure the right coverage for your peace of mind!