As of now, Geico does not offer a pay-per-mile insurance program. Pay-per-mile insurance, also known as usage-based or mileage-based insurance, charges drivers based on the number of miles they drive. While Geico does not provide this specific type of insurance, it offers various other options and discounts that can benefit low-mileage drivers.
Alternative Options for Low-Mileage Drivers with Geico
1. Low Mileage Discount
Geico offers a low mileage discount for drivers who drive fewer miles than average. If you drive less than 7,500 miles per year, you may qualify for this discount.
How to Qualify
- Annual Mileage Reporting: Provide Geico with an accurate estimate of your annual mileage. This can be done when you first apply for a policy or during your policy renewal.
- Verification: Geico may ask for periodic odometer readings or use other methods to verify your mileage.
2. Usage-Based Insurance Program: DriveEasy
Geico offers a usage-based insurance program called DriveEasy, which tracks your driving habits and can offer discounts based on safe driving behavior.
How DriveEasy Works
- Mobile App: Download the Geico DriveEasy app from the App Store (iOS) or Google Play Store (Android).
- Enrollment: Enroll in the program and allow the app to track your driving behavior, including speed, braking, and time of day.
- Discounts: Safe driving can help you save on your auto insurance premiums.
3. Other Discounts
Geico provides several discounts that can help reduce premiums, particularly for low-mileage drivers:
- Good Driver Discount: For maintaining a clean driving record with no accidents or violations.
- Multi-Policy Discount: For bundling your auto insurance with other Geico policies, such as homeowners or renters insurance.
- Multi-Vehicle Discount: For insuring more than one vehicle with Geico.
- Good Student Discount: For students with good grades.
- Vehicle Safety Discounts: For vehicles equipped with safety features such as anti-lock brakes, airbags, and anti-theft systems.
How to Apply for Discounts with Geico
1. Contact Geico
Phone
- Customer Service: Call Geico’s customer service at 1-800-861-8380 to inquire about available discounts and how to apply them to your policy.
Online
- Website: Log in to your Geico account on their website and navigate to the discounts section. Look for information on available discounts and follow the prompts to apply.
- Mobile App: Use the Geico mobile app to access your account and explore available discounts.
2. Provide Necessary Documentation
If you are applying for specific discounts, such as the good student discount or the low mileage discount, be prepared to provide the required documentation, such as transcripts or odometer readings.
3. Review and Update Your Policy Regularly
Regularly review your insurance policy to ensure you are taking advantage of all available discounts and that your coverage meets your current needs.
Tips for Lowering Insurance Costs as a Low-Mileage Driver
1. Maintain a Clean Driving Record
Avoid accidents and traffic violations to qualify for good driver discounts and lower premiums.
2. Bundle Policies
Consider bundling your auto insurance with other policies, such as homeowners or renters insurance, to receive multi-policy discounts.
3. Increase Deductibles
Opting for higher deductibles can lower your premiums, but ensure you can afford the deductible amount in case of a claim.
4. Review and Apply Discounts
Regularly review your policy to ensure you are taking advantage of all available discounts.
Final Thoughts
While Geico does not offer pay-per-mile insurance, it provides other options and discounts that can benefit low-mileage drivers, such as the low mileage discount and the DriveEasy program. By understanding these options and taking advantage of available discounts, you can potentially lower your insurance premiums. 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!