GEICO and Progressive both have memorable television commercials featuring whimsical characters. While entertaining, the ads don’t necessarily indicate which company can provide reliable and affordable car insurance that suits your needs. Continue reading for our comparison of these popular insurers.
Check out our GEICO and Progressive reviews for more information about these companies.
GEICO and Progressive both offer standard auto insurance coverage options such as:
You can learn more about basic coverage from our article on common types of auto insurance.
Add-ons are available to enhance the basic coverage provided by Progressive and GEICO policies.
GEICO’s rates are often lower when compared with premiums from other insurers. According to The Zebra, the average monthly premium from GEICO is $94. Premiums with Progressive are slightly higher but, for many drivers, remain in the lower range of rates among major insurers. The average Progressive policy costs $104 per month.
This table compares average annual premiums from GEICO and Progressive by age tier.
| Age Group | GEICO | Progressive |
| Teens | $3,508 | $8,248 |
| 20s | $1,438 | $2,287 |
| 30s | $1,218 | $2,287 |
| 40s | $1,189 | $1,644 |
| 50s | $1,160 | $1,542 |
| 60s | $1,065 | $1,403 |
Source: The Zebra
Your driving record is just one thing insurance companies consider when giving you a rate quote. Your age, geographic location, gender, marital status, and credit history are among the factors that influence the overall insurance cost.
GEICO and Progressive both offer an array of discounts to policyholders, such as:
Additional discounts are available. But some may not be offered by each. For example, GEICO provides a military discount. Progressive allows policyholders to earn discounts through its Snapshot telematics program, which monitors driving habits to determine the premium.
Cost and coverage options are primary considerations when shopping for car insurance. Still, many people agree that overall customer satisfaction is often worth more than saving some money.
Car insurance shoppers often 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 includes responses from about 39,000 car insurance customers. It provides insights into customer satisfaction in key areas:
The survey results indicate GEICO customers rated their opinions of and experiences with the company slightly higher than Progressive customers’ sentiment toward their insurer. J.D. Power’s most recent claims satisfaction study rated GEICO rated as “average.” Progressive was rated “below average.”
Both companies earned a “superior” financial strength rating from A.M. Best. This high rating indicates that the insurers have the solid ability to pay their claims obligations.
Your situation is unique, and so are your car insurance needs. Request a quote from GEICO, Progressive, and other insurance companies. GEICO offers less-expensive premiums in many cases. Even so, Progressive has many discounts available that can lower its competitive rates.
Shopping around will always get you the best price but remember that cost is just one factor you must consider.
No matter which company you choose, be sure that you understand what is covered and what works best for you and your situation before signing a new car insurance policy or renewing your coverage.
