Geico and Progressive are two of the most popular car insurance companies in the United States, with a market share of 6.5 percent and 5 percent respectively, according to the Insurance Information Institute.
These providers are highly valued by customers due to their affordable premiums, coverage options, discounts and customer service—and they have the awards to prove it.
According to J.D. Power’s 2019 Auto Insurance Shopping Survey, both Geico and Progressive received 3/5 circles for overall satisfaction, policy offerings and price. In J.D. Power’s 2019 Insurance Digital Experience Study, Geico received the award for best service, whereas Progressive received 3/5 circles for overall satisfaction with online service. Both companies have their strengths, so to help you decide which insurance provider is right for you, we compared some of the main differences between Geico and Progressive.
Geico vs Progressive: Rates comparison
As mentioned, drivers in the market for car insurance often choose either Geico and Progressive because their annual and monthly premiums tend to be on the lower end of the spectrum, compared to competitors.
To compare basic car insurance rates, let’s look at quotes for a 25 year old female with a good driving record, who wants a medium level of coverage. With Geico, she would pay about $1,063 per year for car insurance ($88 per month) or $1,308 per year with Progressive ($109 per month).
Progressive’s auto insurance premiums are slightly more expensive than Geico, but remember that your premium depends largely on a number of factors that we’ll talk more about below.
The majority of car insurance companies will look at your credit score before giving you an insurance quote. Typically, the higher your credit score is, the lower your rates will be because the insurance company considers you to be low-risk. The only states that do not factor credit score into a car insurance quote are California, Hawaii and Massachusetts.
The age of the driver also has a big impact on car insurance rates. Younger drivers are more expensive to insure because they’re considered high-risk. As you get older, expect your car insurance rates to drop, as long as you maintain a clean driving record.
Here’s a look at how Progressive and Geico generate insurance quotes based on age.
|25 year old||$1,120.01||$1,602.96|
|35 year old||$1,057.20||$1,208.90|
|60 year old||$998.26||$1,105.52|
Good drivers—those without any traffic accidents or speeding violations—can expect to have a lower premium than someone who has a less-than-perfect driving record. For drivers with a history of accidents or speeding tickets, Geico offers cheaper insurance premiums than Progressive.
|One Speeding Ticket||$1,356.17||$1,735.51|
Geico vs Progressive: Discounts comparison
In addition to affordable rates, Geico and Progressive often receive praise for the extensive list of discounts that they offer customers. Here’s a look at some of the ways you can save money on your insurance premium with Geico and Progressive.
|Vehicle Safety Features||X||X|
|Longevity with the Company||X|
Geico vs Progressive: Coverage options comparison
When selecting a car insurance provider, make sure the company can offer you the type of coverage you need. Both Geico and Progressive offer a number of coverage options to keep you, your car and your passengers safe.
Geico vs Progressive: Roadside assistance comparison
Geico and Progressive both offer roadside assistance coverage in the event that your vehicle breaks down. Geico offers coverage for jumpstarting dead batteries, changing a flat tire and getting lockout services of up to $100. Through the Geico mobile app, drivers can access 24/7 roadside support, which also includes a GPS so dispatchers can easily locate your vehicle.
With Progressive, drivers can call a dedicated phone number 24/7 to receive roadside assistance when they need it. Progressive’s roadside assistance coverage is more robust than Geico and offers coverage for towing within a 15 mile radius, winching services, battery jump-start, fuel delivery, locksmith service, flat tire change and on-scene labor for up to one hour.
Geico vs Progressive: Online and mobile experience comparison
When it comes to the online and mobile customer experience for Geico and Progresive, both companies perform highly, although Geico wins the top spot. J.D. Power’s 2019 Insurance Digital Experience Study ranked Geico as the top insurance provider for best online service while Progressive fell eighth on the list of the top 18 providers. However, 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
- Compare rates tool
- Mobile app with digital ID cards, filing a claim, roadside assistance and CarFax integration
Progressive offers the following mobile and online tools:
- Free quote generator
- Compare rates tool
- Name Your Price® tool
- Mobile app with digital ID cards, making a payment, roadside assistance and file a claim
Geico vs Progressive: Customer satisfaction
Based on industry-wide ratings, Geico and Progressive are two of the most highly ranked insurance providers on the market. According to J.D. Power’s 2019 Auto Insurance Shopping Survey, Geico received 3/5 circles for call center representative interactions, and Progessive received 2/5 circles in the same category. In the local agent category, both Geico and Progressive earned 3/5 circles, which is about average compared to competitors.
According to AM Best, Geico is ranked as an A++ for financial strength, which only 5 percent of companies earn. Progressive’s AM Best rating is slightly lower at an A+, which is still considered to be in the “Superior” category.
Frequently asked questions
Which company has the cheapest car insurance?
Looking at the average annual premiums of both companies, Geico offers cheaper insurance across the board. Regardless of age, credit score and driving history, you will most likely receive a lower quote from Geico than you will from Progressive.
Which company offers better discounts?
Although Geico offers more affordable premiums, Progressive offers a wider lineup of discounts. Progressive offers several discount options that Geico does not, including accident forgiveness, savings for being a teen driver, homeowner savings and discounts for being with the company for an extended period of time. 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, deciding to purchase insurance from Geico or Progressive comes down to a few factors. If you’re looking for the cheapest coverage, Geico is the right provider for you. If you’re a homeowner, or have existing policies with Progressive, you’ll probably save the most money by purchasing auto insurance from Progressive. If you’re a member of 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 your lifestyle.