GEICO vs. Progressive: Best Car Insurance for 2021
When comparing GEICO vs. Progressive car insurance, GEICO is generally less expensive. Progressive insurance, on the other hand, is less expensive if you are over 35, have a DUI, or have fair credit. Both companies have comparable coverages and financial ratings, but GEICO has a higher customer satisfaction rating. To save money on car insurance, compare the many Progressive vs. GEICO discounts offered.
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UPDATED: Aug 11, 2021
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- In general, GEICO car insurance rates are cheaper than Progressive
- If you have a DUI, fair credit, or are over 35, Progressive rates may be cheaper
- GEICO scores better in customer satisfaction, and both companies score similarly with financial ratings
You have a lot of choices when it comes to car insurance companies, and comparing them head to head will help you narrow down your options. To see which one is the best for you, we will look at GEICO vs. Progressive car insurance companies. These are two of the insurance companies with the biggest market shares in the United States. If you’re looking for a cheap auto insurance policy, these may be the first two names that come to mind.
Compare rates, discounts, financial ratings, and customer satisfaction ratings to see if either is right for you.
You don’t have to just compare Progressive vs GEICO to find the best company. Enter your ZIP code to get free car insurance quotes from a number of car insurance companies in your area.
Is GEICO or Progressive a Cheaper Car Insurance Provider?
You could be surprised to learn how many factors car insurance companies consider when calculating your rates. Age, gender, ZIP code, driving history, and credit score are all common factors. The precise combination of factors and your insurance rate are unique to you.
All of these will be used to determine how affordable GEICO vs. Progressive car insurance is for you. Despite the fact that both companies provide similar coverage, rates will differ because everyone is different.
First, we will look at GEICO vs. Progressive car insurance rates by demographics. We all know that younger drivers pay more for car insurance, so let’s take a closer look at how age affects car insurance rates.
|Age, Gender, and Marital Status||GEICO Average Annual Rates||Progressive Average Annual Rates|
|Single 17-year-old female||$5,405.23||$8,625.44|
|Single 17-year-old male||$5,955.63||$9,467.29|
|Single 25-year-old female||$2,312.93||$2,574.87|
|Single 25-year old male||$2,171.06||$2,735.72|
|Married 35-year-old female||$2,253.30||$2,176.32|
|Married 35-year-old male||$2,237.96||$2,087.50|
|Married 60-year-old female||$2,107.40||$1,908.06|
|Married 60-year-old male||$2,188.44||$1,900.18|
Progressive is less expensive for drivers 35 and older, despite the fact that GEICO is considerably less expensive for younger drivers.
Another important factor that car insurance companies consider when calculating your rates is your driving record. If you have any at fault accident, tickets, or DUIs on your record, your insurance rates will be higher than if you have a clean driving record. This is true regardless of which auto insurance company you choose.
|Driving Record||GEICO Average Annual Rates||Progressive Average Annual Rates|
|With 1 accident||$3,192.77||$4,777.04|
|With 1 DUI||$4,875.87||$3,969.65|
|With 1 speeding violation||$2,645.43||$4,002.28|
If you have a clean driving record, one accident, or one speeding ticket, GEICO is much less expensive. Progressive, on the other hand, is less expensive if you have a DUI. This is not counting incidents that would qualify for accident forgiveness (meaning your rates don’t go up after a claim or ticket).
You would also be shocked to learn that your credit score has an impact on your car insurance rates. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and have a greater ability to pay for damages out of pocket.
|Credit History||GEICO Average Annual Rates||Progressive Average Annual Rates|
Although not every state allows credit scores to be used in the calculation of car insurance rates, the majority of them do. If you have good or bad credit, GEICO insurance is less expensive, and Progressive insurance is less expensive if you have fair credit.
All of these considerations, as well as many others, will be used to assess what rates Progressive and GEICO will offer you.
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Does GEICO or Progressive have better car insurance discounts?
If you add discounts to your car insurance policy, you can save a lot of money. Most companies provide common car insurance discounts based on the number of cars you own, your occupation, and whether or not you drive safely.
This table shows the GEICO and Progressive discounts that are available. If the discount amount is known, it is included. Take a look and see which company offers the best deals for you.
|Car Insurance Discounts||GEICO (%)||Progressive (%)|
|Adaptive Cruise Control||N/A||x|
|Daytime Running Lights||1||x|
|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||N/A|
Both companies provide numerous discounts, but some are only available with one. Discounts for safety features are automatically added based on your car’s VIN number. Others are based on your answers on a short questionnaire.
For example, GEICO provides a military discount, while Progressive does not. GEICO does not give a married couple discount, but Progressive does.
As you compare GEICO vs. Progressive car insurance quotes, be sure to ask for any discounts you may be eligible for.
How do GEICO and Progressive compare in financial strength and customer satisfaction?
Companies are ranked by A.M. Best based on their financial stability. GEICO was given an A++ rating, while Progressive was given an A+, indicating that both companies have a superior ability to meet their obligations. More importantly for some, both companies will likely be around for awhile to come.
Although both companies also received an A+ rating from the Better Business Bureau, GEICO is accredited while Progressive is not.
J.D. Power rated GEICO and Progressive on customer satisfaction, taking into account pricing, billing, claims, and what’s available. In every region, GEICO outperformed Progressive. Of course, individual quotes can vary, and it’s important that each driver find the right coverage option for their household.
Customers can use their GEICO or Progressive login to access their insurance information, pay bills, and find their ID cards on all companies’ mobile apps and websites. It’s easy to get a Progressive or GEICO online quote through their websites as well. Likewise, both Progressive and GEICO operate in all 50 states.
Progressive and GEICO also have customer service lines open 24 hours a day, seven days a week, making both companies easy to contact. You can also call customer service to get a GEICO or Progressive quote for auto insurance.
Learn more about each company before you decide whether to buy GEICO vs. Progressive car insurance. Read the full GEICO car insurance review and Progressive car insurance review for more information on these companies.
Still not sure what insurance company you want to purchase from even after you’ve compared GEICO vs. Progressive car insurance? Enter your ZIP code to compare quotes from multiple companies near you now.