Geico, originally the Government Employees Insurance Company, was founded in 1936 and began by offering insurance products to government employees and military personnel. Today, Geico is the second-largest auto insurer by market share, with over 18 million in-force auto insurance policies nationwide. The company tied with Amica in the 2024 Bankrate Awards for Best Auto Insurance Company Overall and tied with Auto-Owners for Best Budget Auto Insurance Company.

Founded in 1907, Amica is the oldest mutual car insurance company in the U.S. Though Amica is not one of the largest insurance companies by market share, it consistently ranks highly in J.D. Power’s annual studies of customer satisfaction ratings. Amica offers unique features and coverage options, like its dividend auto insurance policies, which offer customers up to 20 percent back on their yearly premiums. Those who are interested in contacting Amica or getting a quote can do so by phone, email, direct mail or by visiting their website at As mentioned, Amica tied with Geico for Best Auto Insurance Company Overall in the 2024 Bankrate Awards.

Geico Amica
Bankrate score 4.3 4.6
Tier 1 4.5 4.5
Tier 2 4.0 5.0
Tier 3 4.4 4.2
  • Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.
    • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
    • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
    • Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
    Tier scores are unweighted to show the company’s true score in each category out of a possible five points.
Our verdict
We studied average premiums provided by Quadrant Information Services, and according to our data, Geico is generally cheaper than Amica. However, Geico’s coverage options are a bit sparse compared to Amica’s. For instance, Amica’s Platinum Choice Auto package offers credit monitoring, new car replacement on eligible vehicles and a zero-dollar deductible on glass. On the other hand, Geico doesn’t offer new car replacement and if you want credit monitoring, you’ll have to purchase an identity theft policy. Based on this information, budget-conscious drivers may be more interested in Geico car insurance, and drivers looking for robust coverage options may find Amica especially appealing.

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Your information is kept secure
Powered by (NPN: 19966249), LLC is a licensed insurance producer (NPN: 19966249). services are only available in states where it is licensed. may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Advertising Disclosure
This advertisement is powered by, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Geico vs. Amica comparison

Insurance companies may seem similar across the industry, but when you examine specific coverage options and benefits, you’ll come to find that each carrier is unique in its own way. Geico is a great option for drivers looking for an insurance provider with offices and agents across the country, while Amica is a great choice for drivers looking for discounts and custom coverage.

Geico pros and cons

Pros Cons
Rates are generally lower than average for many segments of drivers Does not offer gap insurance or new car replacement coverage
Nationwide availability Few local offices, depending on where you live
Mechanical breakdown insurance is offered on eligible brand-new vehicles and works similarly to an extended warranty Geico sells its homeowners insurance through underwriting partners rather than directly, which may be important to customers wishing to bundle

Amica pros and cons

Pros Cons
As a mutual company, Amica policyholders have the potential to earn dividends Not available in Hawaii and online quotes not available for those in Louisiana
Robust coverage options included in convenient prebuilt packages Few local offices
Long list of vehicle safety-related discount opportunities Claims, customer service and sales chats not available 24/7

Is Geico cheaper than Amica?

The national average cost for a full coverage car insurance policy in 2023 is $2,014 per year, with minimum coverage averaging $622, according to data from Quadrant Information Services. As you can see in the tables below, both Geico and Amica fall far below the national average, with Geico coming in slightly cheaper than Amica. The average rate for a full coverage Geico policy is 33 percent lower than the national average. Amica, on the other hand, is 27 percent below average.

The average policy rate is a useful baseline for understanding the cost of coverage and how two companies compare, though your premium will be specific to you depending on several factors like driving history and location.

Car insurance company Average annual premium for full coverage Average annual premium for minimum coverage
Geico $1,353 $373
Amica $1,467 $429
  • Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 2021 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.

Geico is generally cheaper for drivers with poor credit

Car insurance companies may use several factors to determine how much to charge you for coverage, and your credit history could be among them. That is unless you live in California, Hawaii, Massachusetts or Michigan, where state law prohibits or restricts insurance companies from using credit as a rating factor. Statistics show that the lower a driver’s credit tier, the more likely they will file a claim. Your carrier might charge you more expensive premiums due to this heightened risk.

According to data provided by Quadrant Information Services, Geico’s average premiums for drivers with poor credit are lower than Amica’s by nearly 16 percent. In fact, Geico policyholders with poor credit may enjoy lower average premiums than the national average for drivers with good credit (which is $2,014).

Credit Score Geico Amica
Poor $1,865 $2,216
Average $1,437 $1,544
Good $1,353 $1,467
Excellent $1,258 $1,392
  • 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. Four states prohibit the use of credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Geico is generally cheaper for young drivers

Age is another rating factor that can impact your car insurance premium (unless you live in Hawaii or Massachusetts). Perhaps due to inexperience and propensity for risky behavior, 16- to 19-year-old drivers make up the bulk of fatal car accidents per miles driven compared to other age groups, and generally speaking, the younger you are, the higher your car insurance premium may be.

When comparing Amica vs. Geico, Geico is much cheaper, based on average rates, for teens and young drivers, as demonstrated by the table below. Please note that the premiums below represent the total cost to insure a young driver on their parents’ policy.

Age Geico Amica
Age 16 $2,977 $3,682
Age 17 $2,753 $3,385
Age 18 $2,523 $3,123
Age 19 $2,212 $2,747
Age 20 $2,054 $2,603
  • The rates displayed reflect the total cost of a 16- through 20-year-old driver added to their parents’ policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Geico is generally cheaper for adult drivers

The table below represents average premiums for drivers listed on their own policy. Your statistical risk of being involved in an accident decreases as you get older, and your car insurance premiums may follow suit (until your senior years, when rates tend to creep back up). Just as with young drivers, Geico offers lower average premiums for adults than Amica. The age with the most significant premium disparity is 18. For this segment of drivers, Geico offers an average premium that is 25 percent lower than Amica’s.

Age Geico Amica
Age 18 $4,048 $5,423
Age 25 $3,256 $3,740
Age 30 $1,389 $1,515
Age 40 $1,353 $1,467
Age 60 $1,264 $1,434
  • Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Geico is generally cheaper for high-risk drivers

Maybe one of the most significant car insurance rating factors is your driving history. Typically, your carrier will review your driving history to help predict the likelihood that you will be involved in a future accident.

For most types of incidents, Geico offers lower average premiums than Amica, making it generally cheaper for high-risk drivers. However, those with one at-fault accident on their record may find Amica lower than Geico (although your rates may vary, depending on your other factors). It’s important to mention that not all insurance companies will offer a policy to those with a DUI on their record. For more information on Geico or Amica’s DUI rates, please get in touch with the company directly.

Driving record Geico Amica
Clean driving record $1,353 $1,467
Speeding ticket conviction $1,658 $1,788
At-fault accident $1,988 $1,742
DUI conviction $3,351 $3,934
  • Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Geico vs Amica: discounts

Car insurance companies offer their own set of unique discounts; depending on which you qualify for, you might find that your rate is cheaper than average. Below are some potential discounts you may want to consider when comparing Geico vs. Amica.

Geico discounts

  • Eagle discount: Active and retired federal employees could save up to 12 percent on their Geico car insurance.
  • Membership and employee discount: Geico is affiliated with more than 500 professional groups, fraternities and sororities. If you’re a member of one of these groups (or a Geico employee), you may qualify for this discount.
  • Emergency deployment discount: Military personnel deployed to an imminent danger zone could save up to 25 percent on their policy.

Amica discounts

  • Homeownership discount: If you own your home, you could save on your Amica car insurance (even if you insure your home with another company).
  • Adaptive headlights discount: If your car comes equipped with adaptive headlights that help you see in low-light conditions, you may be eligible for a discount.
  • Rewarding your parent’s loyalty discount: Policyholders younger than 30 could get a discount if their parents have had an Amica auto policy for five years or more.
Usage-based insurance comparison: Geico vs. Amica

Geico’s DriveEasy program may help policyholders save money on their car insurance if they drive safely. Although this telematics discount isn’t available in every state, eligible drivers could earn a discount by downloading a mobile app and allowing the company to track their driving habits, such as hard braking and what time of the day they generally drive. However, beware — if Geico deems you a risky driver, you could see your rates go up instead of down.

Amica recently introduced a telematics program called StreetSmart. Drivers use a mobile app to track driving habits, as well. Good habits are rewarded with policy discounts or other rewards, including e-gift cards to popular retailers. Your rates will not increase based on tracking data, but the way in which you’re rewarded or your policy is discounted is dependent on the driving behaviors you exhibit.

Geico DriveEasy Amica’s StreetSmart
Telematics device Mobile app Mobile app
Monitored driving factors Hard braking, fast accelerations, time of day, weather, distracted driving, distance traveled, speeding and cornering Hard acceleration, hard braking, hard cornering, phone use, road segment type and speeding
Potential impact on rates Rates could go down or up depending on driving behavior Potential policy discount and rewards, such as gift cards for popular retailers or donations to charities
Potential discount Varies Up to 20 percent
Availability Available in 37 states, plus Washington, D.C. Arizona, Colorado, Connecticut, Illinois, Indiana, Maryland, Minnesota, Ohio, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Virginia and Wisconsin

Geico vs. Amica: customer experience comparison

Although average rates are essential when comparing car insurance quotes, shoppers looking for top-of-the-line coverage may also want to research customer experience. To evaluate this metric, Bankrate’s team of insurance experts studied scores issued by the J.D. Power 2023 U.S. Auto Claims Satisfaction Study. In addition to J.D. Power scores, we looked at customer reviews for Geico and Amica’s mobile apps. In today’s digital world, many drivers may prefer to handle their policies electronically, which could mean that an easy-to-use mobile app is fundamental for a positive customer experience.

When using these metrics, Amica typically scores higher than Geico. According to J.D. Power, the 2023 industry average score for claims satisfaction is 878 out of 1,000 points. Geico scored below the industry average at 871 out of 1,000. Meanwhile, Amica was the highest-rated company, with a score of 909 out of 1,000.

When it comes to mobile experience, both companies earned high ratings in the App Store, but Geico’s mobile app may be more functional than Amica’s for Android users, based on Google Play ratings. Amica’s lower Google Play score could be due to payment processing issues, as reported by customer reviews.

Customer satisfaction Geico Amica
App store 4.8 out of 5 4.8 out of 5
Google Play 4.6 out of 5 3.5 of 5
J.D. Power 871 / 1,000 909 / 1,000

*Amica not officially ranked by J.D. Power due to eligibility restrictions

Frequently asked questions

    • Yes, both Geico and Amica offer homeowners insurance. However, Geico doesn’t write its own homeowners policies but instead writes this product through underwriting partners. In other words, Geico agents sell homeowners insurance policies that are written by companies that partner with Geico. This process can make it challenging to research Geico’s homeowners insurance product since you don’t know what insurance company your quote will be with until you contact Geico. Additionally, homeowners insurance may not be available in your state, whether you are with Geico or Amica. For instance, although both companies have a near-nationwide availability for homeowners insurance, neither offers this type of policy in Florida. For more information, it may be best to request a homeowners quote directly from the company.
    • Picking the best car insurance company could start with determining your priorities. First, you may want to decide what kind of coverage you need. For instance, are you looking for the lowest rates? If so, you may want to look for the company that offers the most discount opportunities. Or, perhaps you’re willing to spend a little more on premiums for a high-quality policy. If that’s the case, you might want to look for the company that offers the most coverage options. Once you know what you’re looking for in an insurance company and what type of policy you need, it may be time to gather quotes and compare companies.
    • Rates are constantly in flux — the cheapest company today may not be the cheapest company tomorrow. Furthermore, car insurance premiums are based on several personal factors, some of which could include where you live, your credit score, your driving history, age, gender and more. As such, no car insurance company is the cheapest for every driver. Instead, the easiest way to find the most affordable insurance company for you may be to request quotes from multiple companies and consult a licensed agent if needed.