GEICO and Allstate are significant players in a crowded field of insurance companies. These well-known carriers offer a strong reputation and provide car insurance to drivers throughout the United States. Continue reading for our comparison of these popular insurers.
For more information about these companies, check out our GEICO car insurance review and Allstate car insurance review.
GEICO and Allstate both offer standard car insurance coverage such as:
Our article on common types of auto insurance gives more information about basic coverage.
Some drivers enhance their policy from GEICO and Allstate with add-ons to basic coverage.
GEICO’s policies cost less when compared with those of other insurers. Allstate’s premiums are at the higher end of the insurance cost scale.
According to The Zebra, the average monthly premium from GEICO is $94. The average Allstate policy costs $170 per month. That price difference is significant, but many consumers argue that you get what you pay for.
This table compares average annual premiums from GEICO and Allstate by age tier.
| Age Group | GEICO | Allstate |
| Teens | $3,508 | $6,442 |
| 20s | $1,438 | $2,636 |
| 30s | $1,218 | $1,920 |
| 40s | $1,189 | $1,912 |
| 50s | $1,160 | $1,893 |
| 60s | $1,065 | $1,768 |
Source: The Zebra
An insurance company uses many considerations to determine its rates. The driver’s age, geographic location, gender, marital status, vehicle type, and credit history are among the factors that influence the overall insurance cost.
GEICO and Allstate both offer an array of discounts to policyholders, such as:
Additional discounts are available but not from each company or to every driver. For example, GEICO provides a military discount. Both companies allows policyholders to earn discounts through telematics programs, which monitor driving habits to determine the premium.
The cost of different coverage options is the primary consideration for most people shopping for car insurance. Still, many people agree that it’s worth spending money on quality customer care.
Many car insurance shoppers equate high customer service ratings with a strong likelihood of the insurer processing claims quickly and efficiently. The 2021 J.D. Power U.S. Auto Insurance Study compiles responses from nearly 39,000 car insurance customers. It provides insights into customer satisfaction in key areas:
Insurance companies often receive mixed reviews for their service. Results from the J.D. Power survey indicate customers have similar opinions of and experiences with GEICO and Allstate. The study rates customer satisfaction for both companies as “average.”
A.M. Best assesses insurance companies’ ability to meet their ongoing policy and contractual obligations. GEICO received a “superior” rating, and Allstate’s rating was “excellent.” These high ratings indicate that both insurers have the solid ability to pay their claims.
Every driver has a unique situation and specific car insurance needs. Request a quote from GEICO, Allstate, and other insurance companies. GEICO typically provides less-expensive premiums for qualified drivers. Even so, Allstate offers many discounts that can potentially lower rates, including its telematics program.
Shopping around will help you find the best price but remember that cost is just one factor you must consider. To determine whether Allstate or GEICO is a better choice, you must research and ask questions. No matter which company you choose, you must understand what is covered and what works best for your situation before signing a new car insurance policy or renewing your coverage, especially when buying a new vehicle.
