GEICO Mechanical Breakdown Insurance Review

The Truth in a Nutshell

• Geico Mechanical Breakdown Insurance is only available if your car has less than 100,000 miles and must be started before your car has more than 15,000 miles
• Wear and tear and damages from an accident are not covered
• Adding the coverage can cost as little as $30 a year

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Insurers are constantly looking for ways to make more money by offering additional coverage options. Enter Geico Mechanical Breakdown Insurance or MBI for short.

As the name implies, this is an additional option on your Geico car insurance policy that will pay…wait for it…for your car’s mechanical breakdowns.

What does liability car insurance cover? With liability only, nothing on your vehicle will be covered in the event of an accident or damages.

But how much is Geico Mechanical Breakdown coverage? If you’re interested in buying Geico car insurance, it’s important to know what you’re signing up for. We’ll mention this a few times, but MBI is not any sort of Geico auto warranty, since Geico does not offer extended warranties.

Enter your ZIP code above to get a free insurance quote today that includes mechanical breakdown insurance.

What’s covered under Geico Mechanical Breakdown Insurance?

What is Geico Mechanical Breakdown Insurance?

Similar to the physical damage coverage portion of your auto policy, which is necessary if you lease or finance your ride, you are responsible for a $250 insurance deductible for all insurance claims tied to mechanical breakdown.

Read more: Understanding Mechanical Breakdown Insurance (MBI)

The rest of the cost is covered by Geico once the deductible is satisfied.

Geico MBI covers items like transmission problems, bad brakes, or even electrical repairs. However, it does not cover items deemed wear and tear, such as tire problems, oil changes, or tune-ups. It also doesn’t cover damages from an accident.

Note: If you have a regular warranty and Mechanical Breakdown Insurance from Geico, the MBI is secondary coverage to the warranty.

This means you would only collect from Geico if your existing warranty does not cover the complete cost of your repairs AND the $250 deductible is met.

If you need to file a Geico MBI claim, there is a specific process to follow for things to go smoothly.

It’s important to note that if you have repairs done before contacting Geico, your claim may not be approved. It’s best to follow the process for fewer headaches.

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How much does Geico Mechanical Breakdown Insurance Cost?

Generally, the cost to add Geico MBI isn’t that high. Adding MBI from Geico will cost you about $30 a year for most cars.

It’s also important to note that some higher-end cars won’t be able to add this coverage due to repair costs being so high. Speak with an agent to determine if your car is eligible.

Who qualifies for Geico Mechanical Breakdown Insurance?

However, not every Geico insurance customer can purchase this coverage when they sign up. There are a few requirements to be met.

MBI is only available for any new or leased vehicle that is both less than 15 months old and has less than 15,000 miles on it.

Once you purchase the coverage, however, it can be renewed under subsequent policy terms for up to seven years or 100,000 miles, whichever comes first. It is similar to a warranty in this respect. However, it must be said that even though MBI could be said to act like a Geico extended car warranty, it’s not a warranty.

What other kinds of auto insurance coverage are available from Geico?

Geico offers most of the coverages offered by all major auto insurance providers, including liability coverage (bodily injury and property damage liability), collision coverage, and comprehensive coverage. You can also add the following types of coverage to your auto insurance policy:

• Medical payments coverage
• Personal injury protection
• Uninsured/underinsured motorist coverage
• Rental car reimbursement coverage
• Roadside assistance
• GAP insurance

Geico also offers a wide range of other insurance products, and you might receive a multi-policy discount for bundling Geico auto insurance with a homeowners insurance policy, life insurance policy, motorcycle insurance policy, rideshare insurance policy, etc. (For more information, read our “Geico Auto Insurance Discounts“).

Read More: How Much Is Motorcycle Insurance?

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What auto insurance discounts are available from Geico?

In addition to the multi-policy discount, Geico offers the following discounts for auto insurance:

• Military discount
• Good student discount
• Use of seat belts discount
• Defensive driving discount
• Federal employee discount
• New vehicle discount
• Multi-vehicle discount
• Anti-lock brakes discount

This is just a selection of Geico’s discounts. Make sure to speak to a Geico insurance agent about what discounts you might be eligible for.

How do you contact Geico?

You can reach a Geico customer service agent by calling the company’s customer service line at (800) 207-7847. Keep in mind that if you’re a Geico customer, you have online access to many policy service options through the company’s website and the Geico mobile app.

What’s the difference between Geico Mechanical Breakdown Insurance vs. an extended warranty?

As we’ll mention a few times, there’s no such thing as a Geico extended warranty, but MBI acts pretty similarly. However, there are a few key differences. Geico mechanical insurance includes coverage for all parts and systems on your vehicle. A quick review of the fine print on your dealership extended warranty will show that only specific items are covered and exclusions exist.

Also, the dealership warranty is going to cost much more upfront money. They are usually looking for a lump sum of cash to get the warranty in place.

With Geico MBI, you are going to spread the cost for this valuable coverage over your policy term, just like how your regular insurance rate is paid.

Tip: The same goes for loan/lease GAP insurance on a new vehicle. You are much better off purchasing this coverage from your auto insurer than financing it with your car.

According to the Consumer Financial Protection Bureau, if you don’t have auto insurance in place when you buy your new car, a deal can force you to purchase their much more expensive insurance.

It will be much cheaper to have your own insurance with add-ons like MBI, and you won’t have to pay it for the life of your loan, which is not necessary unless you paid way too much for your car.

Also, with Geico MBI coverage, you won’t be stuck taking your car to the dealership for repairs. You are free to visit a mechanic of your choice, which is how it works for any covered auto insurance claim.

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Is Geico mechanical breakdown insurance worth it?

Bells and whistles, such as accident forgiveness and new car replacement, can be great “bonus” additions to an insurance policy, but should certainly not be the deciding factor on which company you ultimately purchase coverage from.

Insurers add these options because they know they’re going to make money on it. The odds of totaling your new car or having an uncovered mechanical breakdown are slim, which is one way insurers make money.

Navigating Geico Mechanical Breakdown Insurance Claims Process

Ease of Filing a Claim

Geico Mechanical Breakdown Insurance (MBI) offers customers a straightforward and hassle-free claims process. Policyholders have the convenience of filing claims through various channels, including online submissions, phone calls, and mobile apps.

This user-friendly approach ensures that customers can report mechanical breakdowns quickly and efficiently, minimizing disruptions to their daily lives.

Average Claim Processing Time

Geico prides itself on its efficient claim processing system. On average, Geico Mechanical Breakdown Insurance claims are processed in a timely manner. The company understands the urgency of resolving mechanical issues and aims to provide prompt assistance to policyholders.

Quick processing times contribute to customer satisfaction, enhancing the overall experience for Geico MBI users.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a vital role in assessing the effectiveness of any insurance service. Geico Mechanical Breakdown Insurance has received positive reviews regarding claim resolutions and payouts. Policyholders appreciate Geico’s prompt response, fair evaluations, and transparent communication throughout the claims process.

Satisfied customers highlight the reliability of Geico MBI in covering repair costs, fostering trust and confidence among policyholders.

Unleashing Innovation With Geico Mechanical Breakdown Insurance Digital and Technological Features

Mobile App Features and Functionality

Geico offers a comprehensive mobile app equipped with features tailored to enhance the user experience. The Geico app allows policyholders to manage their Mechanical Breakdown Insurance efficiently. Users can file claims, track the status of their submissions, and receive real-time updates on their mobile devices.

The intuitive interface and user-friendly design ensure a seamless experience, empowering customers to handle their insurance needs conveniently.

Online Account Management Capabilities

Geico’s online account management capabilities provide policyholders with easy access to their insurance information. Through the company’s secure online portal, customers can review their coverage, check claim statuses, and update their policies.

The platform offers a range of self-service options, enabling users to make changes, view documents, and monitor their account activities with convenience and simplicity.

Digital Tools and Resources

Geico offers a variety of digital tools and resources to assist policyholders in understanding and managing their Mechanical Breakdown Insurance. These resources include educational materials, FAQs, and interactive guides accessible through the company’s website and mobile app.

Geico’s commitment to providing valuable digital resources empowers customers to make informed decisions, resolve queries, and stay informed about their insurance coverage.

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What’s the bottom line?

The price of adding mechanical breakdown insurance varies based on the type of car you drive, and you must own the vehicle outright to qualify for MBI. Your mileage limit is determined at the time of renewal.

Be sure to get an auto insurance quote from multiple companies and speak to an independent insurance agent (or two) to ensure your coverage is adequate and you aren’t paying too much on your auto insurance premiums for things you don’t really need. It might not hurt to read additional Geico mechanical breakdown insurance reviews as well.

To compare quotes and find a policy with mechanical breakdown insurance, enter your ZIP code now.

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