GEICO is one of the most popular brands that provide car insurance at very affordable rates. This has led many people to place the company at the top of their list when buying insurance plans. However, it’s unusual to find policies at such low prices in the market. So, if you’ve been wondering why GEICO’s services are so cheap, here are a few reasons to help you understand the same. Self-owned GEICO’s insurance plans are so affordable because the company sells its policies directly to the consumer. This means there is no additional cost. You entirely avoid paying commissions that would be applicable in the case of other insurance companies and their policies. GEICO also doesn’t rely on insurance agents to find customers; instead, they sell their insurance plans via their online platform. This helps you save money as you don’t have to shell out the big bucks to find a great insurance plan. Low operating costs Another reason for GEICO’s cheap insurance plans is their low operating costs. GEICO functions primarily online, meaning they cut down on costs for renting or purchasing any physical location. Other agencies with luxurious agent offices and physical operations usually make up for these costs through their insurance plans.