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

Geico

Pros:

• Affordability: Geico offers lower average monthly rates, making it a cost-effective choice for many drivers.
• Age, Gender, and Marital Status: Geico tends to have cheaper rates for various demographics, providing competitive options for different driver profiles.
• Clean Driving Record: Geico is generally more affordable for drivers with a clean record, making it an attractive choice for safe drivers.

Cons:

• Coverage Options: Geico may offer fewer coverage options compared to Nationwide, limiting customization for policyholders.
• Discounts: While Geico provides discounts, Nationwide offers a more extensive list, potentially making it less competitive in terms of savings opportunities.

Nationwide

Pros:

• Coverage Options: Nationwide offers a broader range of coverage options, providing more choices for policy customization.
• Discounts: Nationwide provides more discounts, potentially allowing policyholders to save more on their premiums.
• Bundling Options: Nationwide allows bundling with additional insurance products, such as pet insurance, offering a one-stop-shop for various coverage needs.

Cons:

• Affordability: Nationwide tends to have slightly higher average monthly rates compared to Geico, making it less budget-friendly for some drivers.
• Clean Driving Record: While Nationwide is cost-efficient for drivers with a DUI conviction, it may be pricier for those with a clean driving record.
• Digital Ratings: Nationwide’s mobile app ratings are not as high as Geico’s, indicating potential differences in digital and technological features.

Verdict: Geico as the Best Overall Choice

When it comes to choosing between Geico and Nationwide for your car insurance needs, the decision often hinges on a delicate balance between rates, coverage options, and overall customer satisfaction. In this comprehensive review, we’ve analyzed key factors to provide you with a clear verdict.

Credit Score Impact: Credit score plays a pivotal role in determining insurance rates, and Geico takes the lead here as well. While both companies may consider credit in their calculations, Geico proves to be more cost-efficient, making it an attractive option for individuals seeking optimal savings.

Driving Record: A clean driving record is a universal gateway to affordable insurance. Geico secures its position as the more economical choice for drivers with a spotless history. However, Nationwide takes the lead for individuals with a DUI conviction, showcasing a nuanced advantage in certain scenarios.

Coverage Options: While Geico excels in affordability, Nationwide shines in the breadth of coverage options. Nationwide provides a more extensive array of coverage opportunities, including additional options beyond the minimum requirements. If a comprehensive coverage portfolio is your priority, Nationwide may outweigh the cost advantage of Geico.

Discounts: Despite being the pricier option, Nationwide compensates with a broader spectrum of discounts. The company provides numerous ways for policyholders to save, potentially making Nationwide competitive with Geico rates when factoring in discounts.

Claims Process: Both Geico and Nationwide offer efficient and convenient claims processes. Policyholders can file claims through various channels, including online portals and mobile apps. The average claim processing times are comparable, emphasizing the companies’ commitment to swift resolutions.

Digital Features: In terms of digital and technological features, Geico and Nationwide maintain parity. Both companies offer mobile apps, online account management capabilities, and various digital tools. These features contribute to enhanced customer experiences and accessibility.

While both companies share similar ratings in J.D. Power’s studies, Geico outpaces Nationwide with better overall ratings and a superior performance in mobile app ratings.

Geico vs. Nationwide: Which car insurance company is cheaper?

When comparing Geico vs. Nationwide car insurance quotes, the average Geico quote is $268 per month, but a Nationwide quote is $288 per month on average.

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However, Geico and Nationwide insurance premiums depend on various factors, such as age, gender, marital status, credit score, and driving record.

Is Geico insurance good? Why is Nationwide insurance so expensive? These might be among the questions you have regarding these two companies. If you want to learn more, check out our Geico Insurance Reviews or Nationwide Reviews for more details. They’ll give you quick access to many facts that will hopefully answer your questions.

Continue reading this particular review to learn how the above-mentioned factors impact two of the best insurance companies in the United States.

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

Auto insurance companies use your age to determine your driving experience. Meanwhile, gender and marital status correlate to your overall risk. This is outlawed in some states, so you’ll want to check what the limits are where you live.

The majority of locations in the United States use all three of these factors to estimate your car insurance premium. Let’s see how Geico vs. Nationwide auto insurance compares.

GEICO vs. Nationwide Average Monthly Car Insurance Rates by Age, Gender, & Marital Status

When it comes to finding affordable Geico vs. Nationwide car insurance, Geico car insurance is cheaper than Nationwide concerning age, gender, and marital status. However, both companies have cheaper rates for teen and young adult drivers.

To slash prices for young drivers, focus on student and claims-free discounts. Offering up their grades can sometimes save them money.

Does credit score impact Geico and Nationwide car insurance?

Did you know car insurance companies determine rates based on your credit score? Auto insurance providers assume that good and excellent credit correlates to fewer chances to file a claim.

What about customers with fair or poor credit? Let’s see Geico and Nationwide calculate car insurance based on credit score.

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

Nationwide auto insurance is more expensive, but only by a few more dollars. If you want to be as cost-efficient as possible, Geico may be your best choice.

Can you save money on Geico or Nationwide car insurance with a clean driving record?

A clean driving record is the quickest road to cheap car insurance. Driving violations, sometimes listed as infractions, can drive up your rates. This is why practicing safe driving habits can not only keep you and others safe on the road, but save you money as well.

How much do rates increase? Let’s compare Nationwide vs. Geico auto insurance-based driving records.

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

Geico is cheaper, but Nationwide is cheapest for drivers who have a DUI conviction on their record. Speeding violations have a small impact on your car insurance rates.

Comparing Geico and Nationwide Car Insurance Coverages

An affordable auto insurance policy can help you save, but you’ll have to ensure that you get the coverage you need. When a company has a wide range of options available, sometimes sifting through them can be a chore. We have a list set up so that you can peruse it at your leisure.

So which company has more coverage options? Let’s review.

GEICO vs. Nationwide Car Insurance Coverages

Nationwide may be more expensive, but it has more coverage opportunities than Geico. Bodily injury liability and property damage liability are part of the minimum requirements, but the other coverages are optional.

How can car insurance discounts lower Geico and Nationwide rates?

If your personal factors generate higher than average car insurance premiums, you can still save money through Geico and Nationwide discounts.

Let’s go through the list below to see which company has more deals. Use the search box to find what’s available.

GEICO vs. Nationwide Special and Standard Car Insurance Discounts

Nationwide has more discounts despite being the more expensive company. With enough discounts, Nationwide can compete with Geico car insurance premiums.

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You can take it a step further and bundle your car insurance with other insurance products. Both companies provide various insurance products, but Nationwide has a pet insurance policy you can add.

Read More: Best Pet Insurance Quotes

Ease of Filing a Claim

When it comes to the claims process, both Geico and Nationwide offer convenient options for filing a claim. Policyholders can file a claim through online portals, over the phone, or through mobile apps. These multiple channels provide flexibility and ease in reporting claims, catering to different preferences and situations.

Average Claim Processing Time

The average claim processing time is a critical factor in evaluating an insurance company’s efficiency in handling claims. Both Geico and Nationwide strive to process claims in a timely manner. The exact processing time can vary based on the complexity of the claim, but both companies are committed to minimizing the time it takes to settle claims and provide compensation to their policyholders.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is invaluable in understanding the claim resolution process and payout satisfaction. Reviews and testimonials from policyholders who have gone through the claims process with Geico and Nationwide can shed light on the effectiveness and fairness of their claim resolutions.

Assessing customer feedback provides insights into how well each company meets their customers’ expectations in terms of claim outcomes and settlements.

Read more:

• Will my insurance premium increase if I file a car insurance claim with Geico?
• Will my insurance premium increase if I file a car insurance claim with Nationwide?

Mobile App Features and Functionality

Both Geico and Nationwide offer mobile apps that enhance the overall customer experience. These apps provide policyholders with the ability to manage their insurance policies, access important documents, pay premiums, and even file claims directly from their mobile devices.

The functionality and features of these mobile apps play a crucial role in ensuring policyholders have easy access to their insurance information and services on the go.

Online Account Management Capabilities

Online account management is a key feature for policyholders, allowing them to access and manage their insurance policies from their computers or tablets. Geico and Nationwide provide comprehensive online account management capabilities, enabling policyholders to view policy details, make changes to their coverage, pay premiums, and access relevant documents.

This online accessibility enhances convenience and transparency for policyholders.

Digital Tools and Resources

In the digital age, insurance companies like Geico and Nationwide offer various digital tools and resources to assist policyholders in understanding their policies, making informed decisions, and managing their insurance needs. These tools can include rate calculators, educational materials, blogs, and FAQs.

Providing such resources demonstrates a commitment to customer education and empowerment, helping policyholders navigate the complexities of insurance with ease.

Financial Strength and Customer Satisfaction Ratings: Geico vs. Nationwide Car Insurance

Before you buy an auto insurance policy, always examine the company’s ratings where you’re getting a quote. Ratings can reassure your decision to purchase or decline a quote.

Let’s compare Geico vs. Nationwide financial strength and consumer complaint data.

GEICO vs. Nationwide Financial Strength, Credit, and Customer Satisfaction & Complaint Ratings

Overall, Geico ratings are much better than Nationwide’s. However, both companies have these same ratings under J.D. Power’s Auto Insurance Shopping Study and Claims Satisfaction Study.

When it comes to mobile apps, Geico has overtaken Nationwide with perfect 5-star ratings. But both companies have a consumer complaint ratio that’s higher than average.

Read More: What do you Need to File a Claim With Geico?

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

After viewing the rate comparison between Geico and Nationwide, we can see that Geico is the less expensive company. But, Nationwide provides more car insurance coverage options and more discounts.

Should you buy Geico vs. Nationwide car insurance? You can see several pros and cons at both companies, but it all depends on what’s best for you.

If a Geico vs. Nationwide car insurance rates comparison isn’t right for you, feel free to compare them to other companies. You shouldn’t settle for your second or third choice when it comes to auto insurance coverage just because they are a large name.

Now that you’ve finished this Geico vs. Nationwide car insurance review, use our free online quote tool below to compare the best companies near you.