Geico vs Progressive: which is better?

Geico and Progressive are two popular auto insurance companies in the USA.

These providers are highly regarded by customers because of their affordable premiums, coverage options, discounts, and customer service – and they have the rewards to prove it.

According to JD Power 2020 Auto Insurance Purchase Survey, Geico ranks first for customer satisfaction with a score of 867 on a 1,000-point scale, among major auto insurance companies. Progressive has a customer satisfaction rating of 848 on a 1,000-point scale, slightly below average. In JD Power 2020 U.S. Auto Claims Satisfaction Survey, Geico ranked higher with a score of 871 on a 1,000-point scale for overall customer satisfaction. Both companies have their strengths, so to help you decide which insurance provider is right for you, we’ve compared some of the key differences between Geico and Progressive.

Geico vs Progressive: price comparison

As mentioned, drivers in the auto insurance market often choose Geico or Progressive because their annual and monthly premiums tend to be on the lower end of the spectrum, compared to their competition. The table below compares the average annual premiums for minimum and full coverage for Geico and Progressive.

Insurance company Average minimum coverage Average full coverage
Geico $ 363 $ 1,325
Progressive $ 493 $ 1,419

To compare auto insurance rates, we looked at quotes from a 40-year-old with a clean driving record. With Geico, that driver would pay around $ 1,325 per year for full coverage ($ 110 per month) or $ 1,419 per year with Progressive ($ 118 per month).

Progressive auto insurance premiums are slightly more expensive than Geico, but remember that your premium largely depends on a number of factors which we’ll discuss in more detail below.

Credit score

The majority of auto insurance companies will examine your credit score before giving you an insurance quote. Generally, the higher your credit score, the lower your rates will be because the insurance company considers you to be low risk. The only states that do not take into account credit score in an auto insurance quote are California, Hawaii and Massachusetts.

Driver’s age

The age of the driver also has a big impact on car insurance rates. Young drivers are more expensive to insure because they are considered high risk. As you get older, expect your auto insurance rates to drop, as long as you maintain a clean driving record.

Driving record

Good drivers – those without a traffic accident or speeding – can expect to have a lower premium than someone with a less than perfect driving record.

Geico vs Progressive: Discount Comparison

In addition to affordable rates, Geico and Progressive often receive praise for the long list of discounts they offer customers. Here are some of the ways you can save money on your insurance premium with Geico and Progressive.

Geico Progressive
Accident forgiveness X
Vehicle Safety Features X X
Good driver X X
Driver training X
Teen pilot X
Good student X X
Emergency deployment X
Federal employee X
Military X
Multi-vehicles X X
Multi-policy X X
Owner X
Longevity with the company X

Geico vs Progressive: comparison of hedging options

When selecting an auto insurance provider, make sure that the company can provide you with the type of coverage you need. Geico and Progressive offer a number of coverage options to help keep you, your car and your passengers safe.

Geico Progressive
Responsibility X X
Medical payments X X
Uninsured / underinsured driver X X
Collision X X
Full X X
Roadside assistance X X
Rental reimbursement X X
Breakdown insurance X
Rental / rental reimbursement X
Custom parts X
Carpooling X

Geico vs Progressive: Roadside Assistance Comparison

Geico and Progressive both offer roadside assistance coverage in the event your vehicle breaks down. Geico offers coverage to revive dead batteries, change a flat tire, and get lockout services up to $ 100. Through the Geico mobile app, drivers can access 24/7 roadside assistance, which also includes GPS so dispatchers can easily locate your vehicle.

With Progressive, drivers can call a dedicated 24/7 phone number for roadside assistance when they need it. Progressive’s roadside assistance coverage is more rugged than Geico and provides coverage for towing within 15 miles, winching services, battery starting, fuel delivery, locksmith service, changing gear. flat tire and on-site work for up to an hour.

Geico vs Progressive: comparison of online and mobile experience

When it comes to the online and mobile customer experience, both companies offer a variety of online and mobile tools to help customers get quotes, file claims, view their policy, and pay their premium.

Geico offers the following mobile and online tools:

  • Free quote generator
  • Price comparison tool
  • Mobile application with digital ID cards, filing a claim, roadside assistance and CarFax integration

Progressive offers the following mobile and online tools:

  • Free quote generator
  • Price comparison tool
  • Name your price® tool
  • Mobile app with digital ID cards, payment, roadside assistance and complaints

Geico vs Progressive: financial strength

According to AM best, Geico is rated A ++ for financial strength, which only 5% of companies earn. Progressive’s AM Best rating is slightly lower than A +. Both ratings are considered to be in the “superior” category.

Frequently Asked Questions

Which company has the cheapest auto insurance?

Looking at the average annual premiums of the two companies, Geico offers cheaper insurance. Regardless of your age, credit score, and driving history, you will likely receive a lower quote from Geico than from Progressive.

Which company offers better discounts?

Although Geico offers more affordable premiums, Progressive offers a wider range of discounts. Progressive offers several discount options that Geico does not, including accident forgiveness and savings for being a teenage driver. Progressive also offers discounts for paying your premium in full, going paperless, signing up for automatic payments and more.

How should I decide if Geico or Progressive is right for me?

Ultimately, the decision to purchase insurance from Geico or Progressive comes down to a few factors. If you are looking for the cheapest blanket, Geico is the right supplier for you. If you own or have existing policies with Progressive, you will probably save the most money by purchasing auto insurance from Progressive. If you are in the military, Geico offers discounts that Progressive does not.

Before making your final decision, get a quote from each provider, review their coverage options, and choose a company that can offer you an insurance policy that fits your budget and lifestyle.

Methodology

Bankrate uses Quadrant Information Services to analyze rates for all postal codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a driving record of cleaning, good credit and the following full coverage limits:

  • $ 100,000 of civil liability per person
  • Civil liability of $ 300,000 per accident
  • Liability for property damage of $ 50,000 per accident
  • $ 100,000 of uninsured bodily injury by a motorist per person
  • $ 300,000 in uninsured bodily injury by a motorist per accident
  • $ 500 collision deductible
  • Full $ 500 deductible

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our sample drivers own a 2018 Honda Accord, commute five days a week, and travel 12,000 miles a year.

These are sample rates and should only be used for comparison purposes. Your quotes may be different.


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About Kristina McManus

Kristina McManus

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