GEICO vs. Nationwide: Best Car Insurance for 2021
When it comes to GEICO vs. Nationwide car insurance, GEICO is typically the most affordable option. Nationwide, on the other hand, is less expensive for drivers over 35 or with bad credit. In terms of financial and BBB ratings, both companies are comparable, but GEICO has a higher customer satisfaction rating. Add the many discounts offered by Nationwide vs GEICO to your car insurance policy to save money.
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UPDATED: Aug 11, 2021
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- Most of the time GEICO has the cheapest car insurance rates, but Nationwide is cheaper if you are 35 or older or have poor credit
- A.M. Best and BBB rating are similar for both companies
- GEICO scores higher in customer satisfaction than Nationwide car insurance companies
Comparing car insurance companies side by side will help you narrow down the vast number of options available to you. We will compare GEICO vs. Nationwide car insurance companies so that you can pick the one that best suits your needs.
You can decide whether any company is right for you by comparing prices, discounts, and ratings.
Before starting this before you compare GEICO vs. Nationwide car insurance review, enter your ZIP code to receive free quotes from multiple companies in your area.
Is GEICO or Nationwide car insurance cheaper?
Auto insurance companies calculate the cost of the coverage based on a range of factors. Your age, driving record, and credit history are the most common factors used.
These factors will be combined to calculate how affordable GEICO vs. Nationwide car insurance is for you. GEICO vs. Nationwide car insurance rates will vary by the driver based on your personal situation.
Let’s take a look at how age impacts the cost of auto insurance. Since they lack experience, younger drivers typically pay a much higher rate. When you get older, the rates tend to decrease.
|Age, Gender, and Marital Status||GEICO Average Annual Rates||Nationwide Average Annual Rates|
|Single 17-year-old female||$5,405.23||$5,431.46|
|Single 17-year-old male||$5,955.63||$6,815.00|
|Single 25-year-old female||$2,312.93||$2,431.91|
|Single 25-year old male||$2,171.06||$2,739.66|
|Married 35-year-old female||$2,253.30||$2,202.69|
|Married 35-year-old male||$2,237.96||$2,214.18|
|Married 60-year-old female||$2,107.40||$1,987.35|
|Married 60-year-old male||$2,188.44||$2,005.06|
GEICO insurance is less expensive until you reach the age of 35, at which point Nationwide offers the best rates. Males also pay a higher rate with each company.
Your driving record is one of the most important factors that car insurance companies consider. You will be considered a riskier driver and will pay higher rates if you have had crashes, tickets, or DUIs.
|Driving Record||GEICO Average Annual Rates||Nationwide Average Annual Rates|
|With 1 accident||$3,192.77||$3,396.95|
|With 1 DUI||$4,875.87||$4,543.20|
|With 1 speeding violation||$2,645.43||$3,113.68|
If you have a DUI, Nationwide is less expensive, but GEICO is less expensive if you have a clean driving record, a speeding ticket, or an accident.
In most states, your credit history can also be used to determine your car insurance rates. Car insurance companies believe that if you have a good credit score, you are more likely to pay for your own damages and less likely to file a claim.
|Credit History||GEICO Average Annual Rates||Nationwide Average Annual Rates|
GEICO insurance is less expensive than Nationwide insurance unless you have bad credit, in which case Nationwide is the less expensive option.
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Does GEICO or Nationwide have better car insurance discounts?
Discounts on auto insurance can make a significant difference in your rates. Many car insurance companies provide common discounts, such as good student and multi-car discounts. You can also combine these discounts to save even more money.
The car insurance discounts offered by GEICO and Nationwide are included in this table, along with the amount of the discount if it is known.
|Car Insurance Discounts||GEICO (%)||Nationwide (%)|
|Adaptive Cruise Control||N/A||x|
|Daytime Running Lights||1||5|
|Electronic Stability Control||N/A||x|
|Forward Collision Warning||N/A||x|
|Lane Departure Warning||N/A||x|
|Seat Belt Use||15||N/A|
|Students & Alumni||x||7|
There are some differences between the two companies, despite the fact that they offer many of the same discounts. For example, GEICO provides a discount for constant coverage while Nationwide does not. GEICO does not offer a discount for being married, but Nationwide does.
When you compare GEICO vs. Nationwide car insurance quotes, be sure to count any discounts you may be eligible to receive.
How do GEICO and Nationwide compare in financial strength and customer satisfaction?
The financial strength of a company is assessed by A.M. Best. GEICO was given an A++ rating, while Nationwide was given an A+, indicating that both companies have a superior ability to meet financial obligations.
Both companies also received an A+ rating from the Better Business Bureau and are accredited as well.
Customer satisfaction, including pricing, billing, claims, and what is offered, was ranked by J.D. Power for GEICO and Nationwide. GEICO was rated around or above average, while Nationwide was rated average to below average.
Both companies offer mobile apps and websites where you can find your ID cards, coverage information, pay your bill, and access roadside assistance. With Nationwide and GEICO, get a quote online, by phone, or through a local agent.
GEICO customer service is available 24/7, but Nationwide customer service is only available during certain hours. Both companies also offer additional services like pet insurance and GEICO commercial auto insurance.
Evaluate the pros and cons with GEICO and Nationwide to determine if one of these companies is right for you. You can also check out our GEICO car insurance review and our Nationwide car insurance review to get more information about these two companies.
Deciding to buy GEICO vs. Nationwide car insurance can be a difficult decision. To determine if either is right for you, look at rates, discounts, and ratings. You can also compare additional companies to see which one is the best fit.
Before making any final decisions on your insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”
Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your zip code and we’ll do the rest!
Now that you’ve finished this Nationwide vs. GEICO car insurance review, enter your ZIP code to compare quotes from several companies near you.