Allstate vs. Geico: Which Has Cheaper Car Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 26, 2023

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Key Takeaways

  • 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.

Allstate vs. Geico Average Monthly Car Insurance Rates by Age, Gender, and Marital Status
Age, Gender, and Marital StatusAllstate Average Monthly Car Insurance RatesGEICO 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
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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.

Allstate vs. Geico Average Monthly Car Insurance Rates by Driving Record
Driving Record SummaryAllstate Average Monthly Car Insurance RatesGEICO 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
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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.

Allstate vs. Geico Average Monthly Car Insurance Rates by Credit Score
Credit History SummaryAllstate Average Monthly Car Insurance RatesGEICO 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
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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.

Allstate vs. Geico Car Insurance Discounts
Anti-lock Brakes105
Claim Free3526
Daytime Running Lights21
Defensive Driver10N/A
Distant Student35N/A
Driver's Ed10N/A
Driving Device/App20N/A
Early Signing10N/A
Electronic Stability Control2N/A
Emergency DeploymentN/A25
Farm Vehicle10N/A
Federal EmployeeN/A8
Full Payment10N/A
Good Student2015
Green Vehicle10N/A
Multiple Policies1010
Multiple VehiclesN/A25
Newer Vehicle30N/A
On Time Payments5N/A
Paperless Documents10N/A
Paperless/Auto Billing5N/A
Passive Restraint3040
Safe Driver4515
Seat Belt UseN/A15
Senior Driver10N/A
Utility Vehicle15N/A
Vehicle Recovery1025
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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.

Allstate vs. Geico Ratings
AgenciesAllstate RatingsGEICO Ratings
AM BestA+ (Excellent)A++ (Superior)
Consumer Reports8889
NAIC Complaint Ratio0.50.68
NAIC Total Complaints163333
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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.

Frequently Asked Questions

Is Allstate or Geico generally cheaper for car insurance?

The cost of car insurance can vary depending on several factors, including your location, driving history, coverage needs, and the specific discounts offered by each insurance company. While both Allstate and Geico are popular insurance providers, it’s difficult to determine which one will be cheaper for everyone. It’s recommended to obtain quotes from both companies and compare them to find the best rates for your individual circumstances.

What factors affect the car insurance rates offered by Allstate and Geico?

Both Allstate and Geico consider similar factors when determining car insurance rates, including:

  • Your driving record
  • Your age and gender
  • Your location
  • The type of vehicle you drive
  • Your credit history (in some states)
  • The coverage options and deductibles you choose

Does Allstate or Geico offer more discounts?

Both Allstate and Geico offer a range of discounts to help reduce car insurance costs. The specific discounts available can vary depending on your location and policy. Some common discounts offered by both companies include safe driver discounts, multi-policy discounts, and discounts for certain vehicle safety features. It’s advisable to inquire with each company about the discounts they offer and determine which ones apply to your situation.

Can I switch between Allstate and Geico for better rates?

Yes, you have the option to switch between Allstate and Geico or any other insurance company to potentially obtain better car insurance rates. It’s recommended to compare quotes and coverage options from multiple insurance providers to ensure you are getting the best value for your needs. However, it’s important to consider other factors beyond just price, such as customer service, claims handling, and overall reputation when making a decision.

Are Allstate and Geico the only insurance companies to consider for cheaper rates?.

No, Allstate and Geico are not the only insurance companies to consider for cheaper rates. There are numerous insurance providers in the market, each with its own pricing structure and discounts. It’s worthwhile to explore other reputable insurance companies and obtain quotes from them to compare rates and coverage options. Some other well-known insurers include Progressive, State Farm, and Farmers Insurance.

Do Allstate and Geico have similar coverage options?

Both Allstate and Geico offer a variety of coverage options for car insurance, including liability coverage, comprehensive coverage, collision coverage, and additional optional coverages. However, specific coverage options and limits may vary between the two companies. It’s important to review the policy details and consult with an insurance agent to understand the coverage options available and select the ones that best meet your needs.

Can I negotiate rates with Allstate or Geico?

While insurance rates are generally not negotiable, you can work with an insurance agent or representative from Allstate or Geico to explore available discounts and determine the best coverage options for your budget. They can help you find applicable discounts and tailor your policy to fit your needs while keeping costs as low as possible within the company’s guidelines.

Does switching car insurance providers affect my coverage?

Switching car insurance providers does not necessarily affect your coverage. When you switch, it’s important to ensure that your new policy provides the same or equivalent coverage as your previous policy. This will help ensure that you maintain the same level of protection. It’s advisable to review your new policy carefully and consult with your insurance agent to address any concerns or questions about your coverage during the transition.

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