Geico Breakdown Insurance. According to the insurer’s advertisements, geico mechanical breakdown insurance can cost as little as $30 per year, but our research shows the average mbi policy costs between $50 and $100 annually. Mechanical breakdown coverage is renewable for up to seven years or 100,000 miles.
A geico mechanical breakdown insurance policy is an exclusionary plan that covers most mechanical vehicle parts for up to 7 years or 100,000 miles. Customers will also need to pay a deductible of $250 before geico mbi goes into effect. Costs for mechanical breakdown insurance can vary based on the insurer you choose, type of vehicle and by location.