Geico vs. Safe Auto

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Geico was established in 1936 during the great depression and it currently holds 13.78% market share for private passenger auto insurance. Its customer base started off as government employees and military personnel, which is why Geico stands for “government employees insurance company.” Today, Geico services customers throughout the country of any profession. Geico specializes in auto, home and business insurance.

Safe Auto is a relatively newer company, founded in 1993 and holds significantly less market share. Its customer base is smaller than most companies, as they only insure individuals in 28 states. Safe Auto specializes in high-risk auto insurance, as well as home and health insurance. When comparing Safe Auto vs. Geico to determine which company is right for you, it might help to know how they stack up against each other across several major points of comparison.

Geico vs. Safe Auto: car insurance rates comparison

The following table shows ratings from AM Best and J.D. Power for Geico vs. Safe Auto. Because Safe Auto is a small, exclusive company, they are not ranked amongst bigger insurance companies, such as Geico. However, the average annual car insurance premiums for minimum and full coverage are showcased for each provider below.

Car insurance company AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Geico A++ 871/1,000 $433 $1,405
Safe Auto N/A N/A $623 $2,037

Rates by credit score

Below reflects each company’s average annual premium for full coverage based on credit. Keep in mind that California, Hawaii and Massachusetts do not allow credit scores as rating factors.

Car insurance company Poor Average Good Excellent
Geico $1,978 $1,505 $1,405 $1,312
Safe Auto $2,625 $2,138 $2,037 $1,694

Rates by age

The following table depicts both Geico’s and Safe Auto’s annual premiums for full coverage based on the age of a driver. Both companies show a substantial increase from drivers aged 16 on their parents’ insurance policy to drivers aged 18, who are rated on their own.

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
Safe Auto $2,945 $5,572 $2,998 $2,679 $2,037 $1,854

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

Rates by driving record

The table below shows how the average annual premium for full coverage changed based on driving records when insured with Geico vs. Safe Auto. The premiums vary depending on the severity of violation or conviction.

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
Geico $1,405 $1,734 $1,971 $3,064
Safe Auto $2,037 $2,715 $3,132 $3,072

Geico vs. Safe Auto: discounts

Nearly every insurance company offers discounts to their insureds to help them save money on their premiums. The following are discounts offered by Safe Auto and Geico that help them stay competitive with other companies.

Geico

  • Driver affiliation – Discounts are offered to military personnel, federal employees, and members of Geico partner organizations.
  • Five years accident-free – Those who maintain a clean driving record for five consecutive years could receive up to 22% off their premium.
  • Customer loyalty – Customers who insure multiple cars or combine home and auto could receive a discount.

Safe Auto

  • Multi-vehicle – Drivers could earn a discount for insuring more than one vehicle.
  • New business transfer – This discount is offered to new insureds when they switch from their current insurer to Safe Auto.
  • Homeowner – Customers could receive a discount on their auto insurance if they are a homeowner.

Geico vs. Safe Auto: online and mobile experience comparison

Both Geico and Safe Auto allow for customers to be self-sufficient through their company websites, as well as through their mobile apps. Insureds can log into their account to review coverages, request policy information or changes and make payments. However, Geico allows a few more additional options that Safe Auto does not. With Geico you can request proof of insurance or even add a vehicle without having to log in through its Express Services.

Geico

  • App Store — The app allows insured and new customers to request quotes. It also displays an electronic version on ID cards.
  • Google Play — The app has very similar features as the Apple store app. It also shows a checklist of what the insured needs to do next.

Safe Auto

  • App Store — The app gives a policy summary that shows the insured’s information at a glance. It allows policyholders to view ID cards and documents.
  • Google Play — The app allows customers to easily navigate the app with a toolbar. Customers can file a claim or request emergency roadside assistance.

Frequently asked questions

Which company has cheaper auto insurance?

On average, Geico has cheaper auto insurance, but each driver will receive personalized quotes based on their information. For drivers with DUI convictions, Safe Auto’s average rates are not far off from Geico’s.

Can I keep my Safe Auto policy if I move to a different state?

If you move to a state in which Safe Auto writes business, you should be able to stay with the same provider. However, you may have to make adjustments to meet the new state’s insurance requirements. If Safe Auto does not offer insurance in the new state, you will have to get a new insurance provider.

Does Geico offer more than auto and home insurance?

Yes, Geico offers life, travel and even pet insurance. They even have overseas coverage that provides insurance if you move out of the country.

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 coverages that meet 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: CA, HI, MA

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.

Written by
Kay Irvin
Personal Finance Writer
Kay has two years of writing for insurance domains such as bankrate.com and mytopinsuranceblogs.com. She has written about auto and life insurance and was a licensed insurance agent for 10 years.
Edited by
Insurance Editor