Geico vs Progressive auto insurance

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Millions of drivers choose Geico or Progressive for auto insurance. They are two of the the biggest auto insurance companies in the USA

But progressive and Geico Take different approaches to providing auto insurance, so which one you should choose depends on what matters most to you.

  • Progressive works with thousands of agents while Geico primarily does business online or over the phone.
  • Geico often beats Progressive’s rates, but not for all drivers or in all states.
  • Both have long – but different – lists of coverage options for customizing policies.

To find the one that’s right for you, take a look at how the two companies stack up against each other.

Geico vs Progressive: Average Auto Insurance Rates

If price is your main concern, Geico will likely have the edge – but that depends on where you live.

” MORE: Best cheap car insurance

In an analysis of rates in all 50 states and Washington, DC, NerdWallet found that Geico was about $ 25 per month cheaper than Progressive, on average, for good drivers with good credit purchasing full coverage insurance.

Full coverage insurance is not a specific type of policy, but generally includes full and collision insurance and any other type of state mandated coverage, such as third party liability insurance and coverage for uninsured / underinsured motorists.

” MORE: What is auto liability insurance and how much do you need?

For drivers with poor credit and equal coverage, Geico’s rates were about $ 128 per month lower than Progressive’s, on average. Insurers use a credit-based insurance rating, which is probably comparable but not the same as a regular credit score, to determine the likelihood of you making a claim. California, Hawaii, Massachusetts and Michigan prohibit insurers from using credit to set auto insurance rates.

Rates for drivers with a at-fault accident were also cheaper with Geico, $ 47 less per month, on average. However, Progressive’s rates for drivers with a recent DUI were $ 78 per month lower than Geico’s, on average.

These are averages and your own rates will be different. For example, in new York and Montana, Progressive was cheaper than Geico, on average, for full coverage unless the driver had poor credit.

Geico was generally less expensive than Progressive for drivers with poor credit in all states except Maryland.

Since prices vary greatly depending on your situation, it is important to obtain auto insurance quote of the two companies to find out if Progressive or Geico is cheaper for you.

Here are the annual average rates we found for full coverage for four driver profiles, plus minimum coverage rates for good drivers with good credit.

” MORE: Gradual review of auto insurance

Geico vs Progressive: NerdWallet ratings

Geico and Progressive each received 4.5 stars in the NerdWallet ratings of the best auto insurance companies.

NerdWallet’s rating rewards customer-centric practices and is based on many factors, including:

  • Website transparency.
  • Affordability and discounts.
  • Cover options.
  • Consumer complaints against the insurer, based on data from the National Association of Insurance Commissioners.

” MORE: Geico auto insurance review

Geico vs Progressive: Customer Satisfaction

Customers report a better experience with Geico than with Progressive, both when buying insurance and after an insurance claim, according to JD Power.

The independent rating firm ranked Geico first out of eight major insurers in JD Power’s 2020 US Insurance Shopping study, while Progressive ranked seventh.

In JD Power’s 2020 auto claims satisfaction survey, Geico ranked 12th out of 24 insurers, while Progressive landed 21st.

Geico vs Progressive: insurance options

Progressive offers coverage options in certain states that are not available from Geico:

  • Gap Insurance, which covers what you owe on a vehicle, minus your deductible, if your car is totaled or stolen and your regular coverage is not enough to pay off the loan.
  • Custom parts and equipment insurance, which repairs or replaces items you add to your car, such as a stereo.
  • Disappear deductible, where accident-free drivers can earn a lower deductible, up to $ 0.

Geico, on the other hand, offers mechanical failure coverage, which is not available from Progressive.

” MORE: Compare auto insurance rates

Geico vs Progressive: online and mobile tools

Geico and Progressive both have websites and mobile apps where drivers can manage their auto insurance policies online. Mobile apps also let you pay premiums, get ID cards, call roadside assistance, and upload damage photos.

Other Geico digital tools include:

  • DriveEasy app for Geico’s usage-based program, which uses technology to track your driving behavior and reduce or increase your rate.
  • Vehicle Maintenance, which alerts you when your car needs maintenance.
  • Locators for gas and parking.
  • Voice assistance via Google Home, Google Assistant or Amazon Alexa.
  • Find a Ride, which lets you use Geico’s mobile app to hook up with a Lyft rider.

At Progressive, other online and mobile tools include:

  • Name your price, which helps you find a policy that fits your budget.
  • The Snapshot mobile app for the insurance program based on the use of Progressive. The app can give you details about your trips and driving behavior.
  • Virtual assistance via Google Home or via Flo Chatbot from Progressive, a Facebook Messenger application.

Methodology of average rates

NerdWallet averaged the rates for 40-year-old men and women for all zip codes in one of the 50 states and Washington, DC, where Geico and Progressive were among the largest insurance companies (in terms of premiums issued).

In our analysis, “good drivers” had not recorded any moving violations; a “good behavior” discount has been included for this profile. Our “good” and “poor” credit rates are based on approximate credit scores and do not take into account proprietary rating criteria used by insurance providers. These are average rates, and your rate will vary depending on your personal information, state, and insurance provider.

The sample pilots had the following coverage limits:

  • Liability coverage of $ 100,000 per person.
  • Liability coverage of $ 300,000 per accident.
  • Liability coverage of $ 50,000 per accident.
  • Coverage of $ 100,000 for bodily injury of uninsured motorists per person.
  • Personal injury coverage of $ 300,000 for uninsured motorists by accident.
  • Collision coverage with $ 1,000 deductible.
  • Full coverage with $ 1,000 deductible.

In states where this was necessary, additional minimum coverage has been added. We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we’ve adjusted the numbers above to reflect only the minimum coverage required by law in the state.
  • We changed the credit level from “good” to “poor” as instructed to the insurer to see the rates for drivers with poor credit. In four states (CA, HI, MA, MI) where insurers are legally prohibited from using credit to set rates, our “good” credit and “bad” credit rates are the same.
  • For drivers with a at-fault accident, we added a single at-fault accident costing $ 10,000 in property damage.
  • For drivers with a DUI, we have added a single drinking and driving offense.

We have used a 2018 Toyota Camry LE in all cases and have driven 12,000 miles per year. In all cases, a dematerialized discount, an electronic signature discount and an electronic funds transfer discount were automatically applied. These are sample rates generated by Quadrant Information Services. Your own rates will be different.

Automobile insurance rating methodology

NerdWallet auto insurance ratings reward businesses for their customer-centric features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, website transparency, and affordability. Using our editorial discretion, we are also considering customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare multiple insurance quotes to find the best rate for you. NerdWallet does not receive any compensation for reviews. Read our editorial guidelines.

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