Geico vs. Progressive Car Insurance: Expert Recommended (2024)

Discovering the most favorable insurance rates involves navigating through an array of factors—from a pristine driving record to credit standing, mileage, and coverage level. Our data analysis spotlights clear distinctions: for drivers with a clean record, Geico boasts rates starting at $80 compared to Progressive’s $105. However, scenarios alter this landscape—Progressive shines with lower rates post-DUI incidents at $140, whereas Geico presents competitive rates for poor credit holders at $138. Dive into our insights to uncover how these factors shape rates across both companies, and explore the discounts that may tip the scales in your favor.

Geico

Pros:

• Affordability: On average, Geico offers lower monthly premiums compared to Progressive.
• Credit-based Pricing: Geico provides cheaper rates across all credit levels.
• Driving Violations: Geico is more affordable for customers with speeding violations and accidents.
• Financial Strength: Geico receives higher ratings from rating agencies, indicating strong financial stability.
• Mobile App and Technology: Geico mobile apps and smart device tools have perfect scores on Android and Apple devices.

Cons:

• Limited Coverage Options: While Geico may be less expensive, it offers fewer optional coverage options compared to Progressive.
• Fewer Discounts: Geico has fewer discounts available compared to Progressive.
• Customer Satisfaction Ratings: Progressive outperforms Geico in J.D. Power’s customer satisfaction ratings.

Progressive

Pros:

• More Coverage Options: Progressive provides a wider range of optional coverage options for customers.
• Discount Variety: Progressive offers a greater number of discounts, providing more opportunities for savings.
• DUI Convictions: Progressive is cheaper for drivers with a DUI conviction.
• Innovative Features: Progressive introduces innovative programs like Snapshot, rewarding safe driving habits.
• Customer Satisfaction (J.D. Power): Progressive has a higher customer satisfaction rating in J.D. Power’s evaluation.

Cons:

• Higher Premiums: On average, Progressive’s monthly premiums are $68 more expensive than Geico’s.
• Credit-based Pricing: Progressive’s rates are not as competitive as Geico’s across all credit levels.
• Driving Violations: Geico is more affordable for customers with speeding violations and accidents.
• Financial Strength: Progressive receives lower ratings from rating agencies compared to Geico.
• Mobile App and Technology: While Progressive offers mobile apps, Geico apps have higher user satisfaction scores.

Best Overall Car Insurance: Geico vs. Progressive

When weighing the options between Geico and Progressive for car insurance, one company emerges as the clear winner when considering rates and offerings. While both companies have their merits, Geico stands out as the best overall choice.

Geico Takes the Lead:

Affordability: Geico consistently offers lower monthly premiums, making it the more budget-friendly option for the majority of drivers. With an average savings of $68 per month compared to Progressive, Geico provides substantial financial benefits.

Credit-based Pricing: Geico competitive pricing extends across all credit levels, ensuring that customers with varying credit histories can secure affordable rates. This inclusivity contributes to Geico’s appeal and accessibility.

Driving Violations: Geico proves to be the more cost-effective option for a range of driving histories, including speeding violations and accidents. The company’s ability to offer competitive rates in these scenarios further solidifies its position as a top choice for a broad customer base.

Financial Strength: Geico’s consistently higher ratings from rating agencies highlight its strong financial stability. Customers can trust that Geico has the financial backing to fulfill its commitments, providing peace of mind and security.

Mobile App and Technology: Geico mobile apps and smart device tools receive perfect scores on both Android and Apple devices. This commitment to user-friendly technology enhances the overall customer experience, showcasing Geico’s dedication to innovation and convenience.

While Progressive offers innovative features and additional coverage options, Geico’s consistent excellence in key areas makes it the clear winner for those seeking reliable, cost-effective car insurance coverage. When it comes to the best overall value, Geico takes the lead.

Geico vs. Progressive Car Insurance: Which company is cheapest in a head-to-head comparison?

Let’s take a look at Geico vs. Progressive car insurance quotes.

On average, Geico auto insurance is $68 less expensive than Progressive auto insurance. The national average for Geico insurance is $268 per month, but Progressive insurance costs around $336 per month.

Does that make Geico a better car insurance company? Not necessarily. To decide which company is best, you’ll have to see which company meets your needs.

For a more detailed view of Progressive vs. Geico insurance, check out the Progressive insurance review and Geico insurance reviews for more information.

How do age, gender, and marital status affect car insurance rates?

Auto insurance providers use age as a factor that shows how much driving experience you have had.  Teen drivers and young adults usually have more expensive rates due to lack of experience, while older and married drivers have cheaper rates due to years of experience shaping their driving habits.

Let’s look at a rate comparison between Geico and Progressive.

GEICO vs. Progressive Average Monthly Car Insurance Rates by Age, Gender, and Marital Status

Although Geico has a cheaper national average, Progressive car insurance is more affordable than Geico concerning married drivers over 34 years old.

Can credit scores affect car insurance?

Yes, your credit history affects your auto insurance policy in most states.

According to Experian, auto insurance companies charge cheaper rates for customers who have good or excellent credit because they have fewer chances to file a claim.

Meanwhile, fair and poor credit correlates to higher chances of filing a claim. Let’s see how Progressive and Geico calculate credit-based car insurance.

GEICO vs. Progressive Average Monthly Car Insurance Rates by Credit Scores

Geico has cheaper car insurance on all credit levels. Progressive car insurance premiums aren’t far from Geico.

What driving violations impact car insurance the most?

Your driving history is one of the most significant auto insurance factors. The better your driving record, the more chances you’ll have at saving money on car insurance.

Let’s see how violations affect Progressive and Geico car insurance quotes.

GEICO vs. Progressive Average Monthly Car Insurance Rates by Driving Records

Geico is more affordable for customers with speeding violations and accidents. However, Progressive is cheaper for drivers who have a DUI conviction.

Geico vs. Progressive Car Insurance: Which company has more coverage options?

All insurance companies provide the minimum car insurance requirements, such as bodily injury liability and property damage liability.

But which company provides more types of coverage options for its customers? Let’s compare to answer this common insurance question.

GEICO vs. Progressive Car Insurance Coverage Options

Geico may be less expensive, but Progressive has more optional coverage. However, more coverage means higher prices. Take advantage of the low premiums and discounts to cover any gaps in coverage.

Progressive vs. Geico Car Insurance: Which company has more discounts?

All insurance companies use similar factors to determine base rates, but car insurance discounts can lower the final cost.

Insurance companies have a lot of available discounts that can reduce your rates. Let’s compare which company has more discounts.

GEICO vs. Progressive Car Insurance Discounts

Progressive auto insurance wins the discount war with a total of 36 discounts, which is four more than Geico.

You may have a higher chance to save with Progressive, but Geico has the upper hand in the car insurance industry. Continue reading to learn why.

Read more: How does the car insurance claims process differ for uninsured/underinsured motorist coverage with Geico?

Geico vs. Progressive Car Insurance: Uncovering the Best With In-Depth Claims Process Comparison

Ease of Filing a Claim

When it comes to filing a claim with Geico and Progressive, both companies offer multiple methods for convenience. Customers can file claims online through their respective websites, over the phone via dedicated helplines, or through mobile apps. These options provide flexibility for policyholders to choose the most convenient way to report incidents and initiate the claims process.

Average Claim Processing Time

The efficiency of claim processing is a critical aspect of customer satisfaction. While the exact processing time may vary depending on the nature and complexity of the claim, both Geico and Progressive aim to streamline their claims procedures. On average, policyholders can expect a reasonable turnaround time for their claims to be processed.

It’s important to note that specific processing times may differ for each individual claim.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a vital role in evaluating the performance of insurance companies in handling claims. Both Geico and Progressive have received feedback from their policyholders regarding claim resolutions and payouts.

This feedback can provide insights into the overall satisfaction of customers with the claim settlement process, helping prospective policyholders make informed decisions about their insurance choices.

Geico vs. Progressive Car Insurance: A Deep Dive Into Digital and Technological Features

Mobile App Features and Functionality

Both Geico and Progressive offer mobile apps that provide policyholders with various features and functionalities. These apps allow customers to access their insurance policies, view digital ID cards, make payments, and even file claims directly from their smartphones.

The user experience and functionality of these mobile apps can significantly enhance the overall convenience of managing insurance policies.

Online Account Management Capabilities

In addition to mobile apps, policyholders can also manage their insurance accounts online through the official websites of Geico and Progressive. This online account management capability enables customers to review policy details, update personal information, request policy changes, and monitor their coverage.

The ease of navigating these online portals contributes to a seamless digital experience.

Digital Tools and Resources

Both insurance companies offer digital tools and resources to assist policyholders in understanding their coverage and making informed decisions. These resources may include online calculators, educational articles, and interactive tools that help customers assess their insurance needs.

Access to such digital resources can empower policyholders to make choices that align with their specific requirements and preferences.

Financial Strength, Credit, and Customer Satisfaction Ratings: Geico vs. Progressive Car Insurance

Cheap rates don’t mean reliable car insurance coverage. However, ratings can reassure you of the quality of service you can expect.

The best ratings come from agencies that grade car insurance companies every year. We’ve researched the best rating agencies and provided their Geico and Progressive ratings below.

GEICO vs. Progressive Financial Strength, Credit, and Customer Satisfaction Ratings

If we tally up the ratings, Geico wins 7-0-1 against Progressive. Progressive’s ratings are lower for each agency except J.D. Power.

Geico mobile apps and smart device tools have perfect scores on Android and Apple devices.

Geico vs. Progressive Car Insurance: What’s the bottom line?

Deciding whether to buy Geico vs. Progressive car insurance means looking at what’s most important to you.

Geico is generally cheaper than Progressive, but Progressive has more discounts that can lower your monthly rates. That means finding affordable Geico vs. Progressive car insurance rates will depend on factors like how many discounts you qualify for.

While you consider everything you have learned about Geico vs. Progressive car insurance, take a moment to compare quotes from top insurance companies by using our free online quote tool below.