Allstate vs. Geico: Which Has Cheaper Car Insurance Rates in 2023
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UPDATED: May 25, 2021
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- With the exception of teen drivers, drivers with an accident or DUI on their record, and drivers with bad credit, expect to pay less than $250 per month with GEICO.
- Allstate has an impressive number of discounts and substantial savings of up to 45 percent.
- GEICO car insurance for teen drivers is 40 percent cheaper than Allstate.
- Allstate drivers that receive traffic violations will have an increase in rates, but GEICO’S increases are greater.
- GEICO is a better choice than Allstate if you have bad credit.
It’s nice to have choices in life, and there are so many car insurance companies to consider. Which company will provide the best and cheapest car insurance for you?
You likely understand the basics of car insurance now that you’ve landed here to compare two of the biggest companies: Allstate vs. GEICO car insurance companies.
Regarding Allstate vs. GEICO car insurance rates, GEICO’s rates are cheaper than Allstate’s car insurance rates through all of our comparison points, but cheap rates aren’t everything. Enter your ZIP code to start comparing the best car insurance rates available near you.
Is Allstate car insurance or GEICO car insurance cheaper based on age?
Wouldn’t you agree that as we age, we become more experienced?
Car insurance companies believe this, especially when it comes to determining your car insurance rates. They believe the more years of driving experience we have, the more cautious and safe we are behind the wheel.
Most of us would agree with that assessment.
However, I doubt we will all agree that it’s fair to base car insurance rates on gender and marital status. Some states have outlawed this discriminatory practice — but not all.
|Age, Gender, and Marital Status||Allstate Average Monthly Car Insurance Rates||GEICO Average Monthly Car Insurance Rates|
|Single 17-year-old female||$774||$471|
|Single 17-year-old male||$887||$523|
|Single 25-year-old female||$285||$198|
|Single 25-year-old male||$298||$189|
|Married 35-year-old female||$263||$192|
|Married 35-year-old male||$260||$193|
|Married 60-year-old female||$243||$187|
|Married 60-year-old male||$249||$190|
GEICO’s car insurance rates are 28 percent cheaper than Allstate’s car insurance rates for drivers 25 and older.
Coming in at 40 percent cheaper than Allstate, GEICO is definitely the better choice if you have a teen driver on your policy.
Is Allstate car insurance or GEICO car insurance cheaper based on driving record?
No matter what car insurance company you select, your car insurance rates will increase if you get a speeding ticket, cause an accident, or get a DUI. Allstate and GEICO are no exception.
|Driving Record Summary||Allstate Average Monthly Car Insurance Rates||GEICO Average Monthly Car Insurance Rates|
|Clean Driving Record||$318||$179|
|With One Speeding Violation||$374||$220|
|With One Accident||$416||$266|
|With One DUI||$522||$406|
In general, GEICO has cheaper car insurance rates than Allstate for drivers with any type of driving record.
However, GEICO is much more punitive with its customers if they get a speeding ticket, cause an accident, or get a DUI. If you cause an accident while with GEICO, expect your rates to increase by nearly 50 percent. If you get a DUI, your rates will more than double.
Allstate has higher rates initially, but if you get a blemish on a clean driving record, Allstate’s rate increases will be smaller than GEICO’s at 17 to 64 percent.
Is Allstate car insurance or GEICO car insurance cheaper based on credit score?
Your credit score reflects your ability to manage your finances and make good choices as well as pay your bills on time. Car insurance companies assume that the more financially responsible you are, the more responsible you are behind the wheel.
A traumatic financial event like a divorce or unexpected medical costs is likely to decrease your credit score.
As with gender and marital status, some states have banned car insurance companies from basing rates on credit history, so make sure to check your local car insurance laws.
Let’s take a look at how Allstate and GEICO compare when it comes to rates based on credit score.
|Credit History Summary||Allstate Average Monthly Car Insurance Rates||GEICO Average Monthly Car Insurance Rates|
|Good Credit (670-739)||$322||$203|
|Fair Credit Score (580-669)||$382||$249|
|Poor Credit Score (300-579)||$541||$355|
Again, GEICO comes in cheaper than Allstate if you have bad credit.
If your credit score tanks while with either company, expect to pay more than twice as much as drivers with good credit.
If you notice your rate has gone up when it’s time to renew your six-month policy, it could be because your credit score dropped. Use your Allstate login or GEICO login to make adjustments to your deductible and coverage levels temporarily if needed. This will reduce your rate for the next six months while you work to improve your credit score.
It’s good practice to check your credit report every six months anyway. If you don’t want to adjust your policy, it may be time to switch insurance companies.
State laws determine much of what car insurance coverage costs. Be sure to check out our car insurance by state page before judging Allstate and GEICO car insurance rates based on credit score alone.
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Does Allstate or GEICO have better car insurance discounts?
Most car insurance companies offer discounts, but the types offered and the amount of the discounts will vary.
This is why it pays to shop around. Let’s take a look at Allstate discounts and GEICO discounts when considering whether to buy Allstate vs. GEICO car insurance.
|Daytime Running Lights||2||1|
|Electronic Stability Control||2||N/A|
|On Time Payments||5||N/A|
|Seat Belt Use||N/A||15|
When comparing all discounts offered, Allstate has a total of 24 while GEICO has only 14.
Even though GEICO has cheaper rates, Allstate has some competitive discounts, making it possible for there to be affordable Allstate vs. GEICO car insurance rates. With Allstate, you can save between 30 and 45 percent for being a safe driver, being claim-free, having a newer vehicle, having air bags, or being a distant student.
Teen drivers with Allstate can save up to 45 percent by participating in the program teenSMART.
GEICO’s largest discounts (all 25 percent) are for customers with an anti-theft system, vehicle recovery system, and multiple-vehicle policies. Additionally, any GEICO customer that is in the military and has an emergency deployment will get a 25 percent discount on their car insurance rates.
What types of car insurance coverages are offered by Allstate and GEICO?
Since Allstate and GEICO are two of the biggest car insurance companies in terms of market share, they both likely offer the standard six coverages that are listed below in addition to much more.
- Liability car insurance coverage (bodily injury and property damage)
- Comprehensive car insurance coverage
- Collision car insurance coverage
- Uninsured/underinsured car insurance coverage
- Medical payments (MedPay) car insurance coverage (particularly important in states that require no-fault car insurance)
- Personal injury protection (PIP) car insurance coverage
Be sure to take a close look at any specialty coverages, such as rental reimbursement, roadside assistance, guaranteed auto protection (GAP), mechanical breakdown, and insurance for recreational vehicles such as ATVs or boats.
Does Allstate or GEICO have better car insurance mobile apps?
Most of the top 10 car insurance companies have mobile apps to make payments, adjust coverage levels, or show electronic verification of car insurance coverage. However, most car insurance companies have a separate app that is used for their usage-based car insurance programs.
Usually, your Allstate insurance login or GEICO insurance login will work with both the general app and the driving app.
How does Allstate and GEICO car insurance compare in financial strength and customer satisfaction?
If car insurance companies can judge their customers based on gender, marital status, and credit score, then it’s only fair customers get to judge them too. We list ratings for Allstate and GEICO from the top agencies that evaluate the reliability and financial standing of all car insurance companies.
A.M. Best scores companies based on their ability to meet their ongoing insurance obligations, such as balancing premiums collected and claims paid. The highest score A.M. Best awards is Superior A++.
Consumer Reports collects annual data from its subscribers regarding customer satisfaction of the Allstate claims process and GEICO claims process, step by step. In its 2017 survey, 27 insurance companies were rated, and scores ranged from 86 to 96.
The National Association of Insurance Commissioners (NAIC) calculates a complaint ratio based on the total number of customers vs. the total number of complaints. In 2017, the national average complaint ratio was one. The lower the ratio, the better.
|Agencies||Allstate Ratings||GEICO Ratings|
|AM Best||A+ (Excellent)||A++ (Superior)|
|NAIC Complaint Ratio||0.5||0.68|
|NAIC Total Complaints||163||333|
Allstate and GEICO are on top of things when it comes to external ratings by government, financial, and consumer agencies. You will have a good experience with Allstate and GEICO customer service, and you can expect financial sustainability with either company.
Before you decide to buy Allstate vs. GEICO car insurance, you can always use our free comparison tool to see rates from multiple auto insurance companies in your area.
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