GEICO Salaries, Bonuses and Benefits.

What are the average starting salaries, bonuses, benefits and travel requirements like at GEICO?

What do you like best about working at GEICO? Are there any great perks or special treats for employees?

I heard the profit sharing is good but you won't be able to get 100% after working there for 6 years. No 401K matching though.

I have been there for five years and profit sharing has been close to 20% or more of eligible salaries every year. The bonuses are easy to get sometimes, but then they raise the goals and it gets harder again. Overall, I have doubled my hiring salary in the time I have been there but that includes my bonuses and profit sharing in that. It is like any other job, it has ups and downs. Try auto sales, they seem to have the best pay rates and the most fun. I will warn you the WORST part about GEICO is they are NOT family friendly. If you are sick, your child is sick, you are on your death bed, you get in a car accident, you break your neck, IF YOU CAN MOVE AT ALL YOU BETTER BE AT WORK NO MATTER WHAT. Otherwise, you are the weakest link, goodbye. You have to maintain a 98 % dependability NO MATTER WHAT or they will find a way to not make it worth your while to hang around. With that said if you can take making GEICO the center of your universe you can make some good money and get along pretty well.

Also, I think the starting salary for sales is around 30,000. And they give you 100% 401k company contributions after 5 years now in Fredericksburg. Also, they may not have 401k match but they do put 10% of the profit sharing you get into the 401k every year you get it and the rest is in your hand cash after taxes. Hope this info helps.

Last addition, the dental plan doesn't barely cover anything but is cheap to participate in, NO maternity leave, what did I tell you about missing time?!?!?!, no short term disabilty, by the time the long term disability kicks in you'll probably be bankrupt, but again the coverage is cheap, and the medical benefits are banging but expensive (about 150 every two weeks for an employee and spouse covered). I do think the contest stink now, they used to give cash, then they started giving gift certificates, now you can barely win anything that isn't cheap junk. I would personally rather they give me the money they would have spent on the cheap junk in profit sharing that year. Another good job might be the fraud department within GEICO, seems pretty exciting. :)

Are Geico associates required to purchase Geico car insurance? Thanks.

Jes478 in Warner Robins, Georgia said: Are Geico associates required to purchase Geico car insurance? Thanks.

No, you don't have to purchase GEICO car insurance but I will say that especially in GA they are reducing their premiums on auto and give an employee discount. So you actually might make out with a super low premium by switching. Hope this helps. :)

Host said: What are the average starting salaries, bonuses, benefits and travel requirements like at GEICO?

What do you like best about working at GEICO? Are there any great perks or special treats for employees?

Oh yeah, I noticed I didn't mention this earlier, local companies give each region discounts and also GEICO auto policy holders get discounts with certain companies as well. Check out GEICO.com for the policy holder discounts. :)

Thank you so much for your response. That is good to know that I am not required to purchase; but, if I am offered a position, it will be worth looking into anyway. Thanks again:-) -Jes

It is a great place to work considering it is a call center. I have been with them for a long time and there IS maternity leave in the form of Medical Leave. There is no Short Term Disability coverage which is a disadvantage, but the insurnace coverage for health is really great (I have had several major surgeries on it) and the dental insurance is what most employers offer. Depending on the department you can make a lot of money. I would suggest for your sanity to go into the sales department and try and get promoted off the phones. Also, GEICO does not consider an Associates degree a college degree or education. You must have a Bachelors to be considered college educated.

Hello. I was wondering about a job in sales or customer service. The website says paid training. But I wanted to know how much do you get paid for training and typically how long is it for each position. I would like this for the Woodbury,NY location. Thanks

I don't know about NY but I would suppose they are talking about the one to two week training you get before you go to take the licensing test for the state and then if you pass that you would get anywhere from six to eight weeks of paid training for sales or service before they put you on the phone. You have to learn the systems, how to handle a inbound call, etc. So you are looking at max 2 and a half months of paid training if you make it past the licensing exam. I hope this helps. :)

I hear a lot about the stress in the CSR and sales positions which makes sense. But what about IT positions? How is the work environment at Geico if you are a programmer or a IT specialist? What is the turnover like in IT?

The IT's in my department have been the same forever so not really any turn around there but I don't know about stress. They seem to be pretty happy so I can't imagine it is too stressful. :)

My question is if you got hired (in Fredericksburg) and training starts 11/16/09, but how do I know if I passed all of the background checks ? I didn't want to go and give my current employer a two weeks notice and then not pass my background check and even up with no job ! I am not worried about the physical and drug test I took...I know they will be good ! Please give me some advice to easy my mind :) Thanks

You would not have gotten a date to start training had you not passed the credit/background check. That I am sure of. Congrats on your new job by the way. I hope you like it. :) Do you know what department you ended up in?

Homeowners insurance dept, I will be a service rep.
Thanks!
Michelle
I spoke with HR today and they said they have not gotten to my background yet. They will let me know by Friday..... I didn't want to give my employer my notice and then not get the job....lol

Update I received a call, I was told I got it :) So very happy !!!
Thanks Geico....I am a hard worker and expect to do well !!!

That is pretty shocking. They usually will run all that up front just to keep from wasting time. You know the low cost provider. ;) I hope you get the job but I will let you know you have have to have nerves of steel. It is an extremely stressful job. But worth it. :)