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Geico vs. Progressive

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Geico and Progressive are two popular car insurance companies in the U.S. Geico Insurance was founded in 1936 as the Government Employees Insurance Company. Now open to non-government employees, Geico is one of the largest insurance companies in the nation. Its parent company, Berkshire Hathaway, has over 6% of the total insurance market share. Geico is particularly well known for its car insurance offerings, including one of the longest lists of available discounts in the industry.

Progressive Insurance is another powerhouse, coming right on the heels of Geico with 5.75% of the total insurance market share. Progressive was founded one year after Geico, in 1937, and instantly revolutionized the insurance claims process with the first drive-in claims location. Progressive is also mostly known for its auto insurance, with the popular Name Your Price tool offering customers a way to choose their coverage options based on their budget.

Geico vs. Progressive: car insurance rates comparison

To begin the comparison of Progressive vs. Geico, Bankrate’s insurance editorial team gathered average annual premiums from Quadrant Information Services. We also reviewed each company’s J.D. Power customer service satisfaction scores as well as AM Best financial strength scores. Finally, we took each carrier’s coverage offerings, discounts and policy features into account to generate a proprietary Bankrate Score. This Score is on a 5.0 scale, with higher Scores indicating that the company ranked more highly in each category.

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Geico 4.7 A++ (Superior) 881/1,000 $433 $1,405
Progressive 4.4 A+ (Superior) 862/1,000 $582 $1,509

Rates by credit score

Your credit score might impact your car insurance premium. Drivers with poor credit tend to pay higher rates, due to an increased likelihood of filing a claim. However, in California, Hawaii, Massachusetts and Michigan, the use of credit as a rating factor is banned. Washington is also currently evaluating the use of credit to determine insurance premiums.

Car insurance company Poor Average Good Excellent
National average $3,873 $1,865 $1,674 $1,487

Rates by age

Progressive and Geico, like most other insurance companies, also use your age as a rating factor (except in Hawaii, where the use of age to determine premiums is banned). Younger drivers usually pay more due to their inexperience. At most ages, Geico’s average annual full coverage rates are lower than Progressive’s.

Car insurance company Age 16* Age 18 Age 25 Age 30 Age 40 Age 60
Geico $1,897 $3,672 $1,674 $1,465 $1,405 $1,326
Progressive $1,955 $6,287 $1,796 $1,668 $1,509 $1,302

*16 year old cost when added to parents’ policy, 18-year-old renter

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Rates by driving record

Your driving record is one of the biggest factors to impact your car insurance rates. Policyholders with tickets, accidents and DUIs may be more likely to be viewed as high-risk drivers, and these incidents generally increase car insurance premiums. Geico’s average annual full coverage rates are cheaper than Progressive’s after a speeding ticket or accident, but Progressive’s average annual full coverage rate after a DUI conviction is much lower than Geico’s.

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
Geico $1,405 $1,734 $1,971 $3,064
Progressive $1,509 $1,826 $2,231 $1,933

Geico vs. Progressive: discounts

Both Geico and Progressive offer car insurance discounts to help drivers lower their premiums. While many discounts are relatively standard, each company offers a few that are relatively unique. Keep in mind that not all discounts are available in all states and eligibility may vary based on your driving profile.

Geico

  • DriveEasy — Geico’s telematics program could help drivers save if they display safe driving habits. However, the company does warn that risky drivers might see an increase in their premiums.
  • Membership & Employee — Geico offers varying savings for members of over 500 groups, including alumni associations and business organizations.
  • Emergency Deployment — If you’re an active member of the military and are deployed, you might be able to save up to 25% on your auto insurance.

Progressive

  • Snapshot — Progressive’s telematics discount is called Snapshot. Users could earn a discount based on their driving behavior, with an average savings of $146. Just like Geico, risky drivers could see an increase.
  • Online Quote & Sign Online — Progressive offers two levels of discounts for doing business online. If you get your quote online, you could save an average of 7%, and if you complete your policy purchase online, you might save an additional 9%, on average.
  • Homeowner — If you own your home, even if it’s not insured with Progressive, you save an average of almost 10% on your auto insurance. If you insure your home policy with Progressive, you might qualify for the multi-policy discount, too.

Geico vs. Progressive: online and mobile experience comparison

Both Geico and Progressive have robust online and mobile app features. If you prefer to handle your insurance online, you can do so with either carrier. With both online portals, you can make payments, process policy changes and access your documents. Progressive and Geico also each have a mobile app. Both apps allow you to see your ID cards, view policy information and pay bills, among other features. Overall, Geico’s app is more highly rated than Progressive’s.

Geico

  • App Store — The Geico app has over 3 million App Store reviews and a 4.8 out of 5-star rating. Most users rave about the functionality of the app and say it is easy to navigate. The negative reviews mostly center on customer experience, although one reviewer specifically mentioned that the app felt difficult to use.
  • Google Play — With over 400,000 reviews and an average rating of 4.8 out of 5 stars, the Google Play version of Geico’s app stands up to the Apple version. The app features are the same and most users agree that the app is functional and easy to use.

Progressive

  • App Store — Progressive’s mobile app has over 3,800 reviews on the App Store and has an average rating of 3.4 out of 5 stars. Many customers say the app is intuitive and easy to use. Most negative reviews center on claims service in general, however, not the app’s performance.
  • Google Play — The Google Play version of Progressive’s app has over 45,000 reviews and a 4.1 rating out of 5 stars, which is a bit higher than the App Store version. However, several users report trouble initiating their accounts or logging in with the Google version.

Frequently asked questions

Is Geico or Progressive a better company?

The company you choose will depend on your needs, wants and specific rating factors. Geico may be a better option for those looking for a long list of discounts, or for teens and young drivers. For drivers with DUI convictions, Progressive’s average annual full coverage rate was far lower than Geico’s. However, price isn’t the only consideration when buying car insurance.

You may want to make a list of the features, coverage types, discounts and company accolades — such as customer satisfaction and financial strength that are important to you — and then get quotes from a few carriers. Comparing quotes could help you find the best car insurance for your needs.

How do I know if I’m overpaying for insurance?

The average cost of car insurance in the U.S. is $1,674 per year for full coverage. However, average rates vary based on where you live, the type of car you drive, the company you choose and your driving history, among other factors. Getting quotes from a few companies for the same coverage might help you decide what a competitive price is for your unique combination of rating factors.

Is Geico or Progressive better with claims?

Geico received a higher J.D. Power claims satisfaction score than Progressive. However, auto insurance claims are a highly individualized process. Each claim is its own unique scenario and will likely be handled as such.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: California, Hawaii, Massachusetts, Michigan, Washington.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction (BAC of >= .08) and lapse in coverage.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor