Geico vs. Progressive Auto Insurance: Which is Better? – fiod quesquers

Geico vs. Progressive Auto Insurance: Which is Better?

Two of the largest auto insurance providers in the US, Progressive and Geico, are winning praise for affordability and availability.

Started in 1937, Progressive has grown into an outstanding company with affordable coverage for high-risk drivers and an online platform that allows customers to compare quotes with rates from other companies. Progressive is the second largest auto insurance provider in the US with 15.3% market share in 2023.

Founded as an insurance company for government employees in 1936, Geico originally offered auto policies only to federal employees. but expanded to provide a variety of insurance lines to the public. Now a wholly owned subsidiary of Berkshire Hathaway, it has some of the lowest average rates in the industry and is the third largest auto insurer in the US in 2023 with 12.3% market share.

Progressive auto insurance

  • price

    The best way to estimate your costs is to request a quote.

  • App available

  • Highlights in politics

    Progressive offers several lines of insurance to allow for bundling and convenient tools to help you keep your policy within your budget.

pluses

  • Available in all 50 states
  • Low rates for DUI drivers
  • Non-owner car insurance and SR-22 certificates available
  • Offers a disappearing deductible as well as accident forgiveness

cons

  • Below average customer satisfaction ratings from JD Power
  • Above average number of complaints
  • The Snapshot Safe Driving Discount Program may result in price increases

Geico auto insurance

  • price

    The best way to estimate your costs is to request a quote

  • App available

  • Highlights in politics

    Geico auto coverage is available in all 50 states and the District of Columbia. It offers 16 discounts and a variety of optional extras such as emergency roadside assistance, rental car reimbursement and breakdown cover.

pluses

  • Low average rates
  • Can buy and manage policies online
  • Available nationwide

cons

  • No gap insurance or carpool insurance
  • Fewer branches for personal services
  • Pay per mile car insurance is not available

Geico vs. Progressive Auto Insurance

Shop for auto insurance

Geico vs. Progressive: Pros and Cons

Geico auto insurance

pluses

  • Low rates for most drivers
  • Easily get quotes and buy policies online
  • Discounts for military and professional affiliation

cons

  • Fewer branches for personal service
  • No carpool coverage
  • Does not offer omission insurance
  • A Geico DriveEasy telematics program can result in an increase in speed

Geico vs. Progressive: Coverage

Coverage Progressive Geico
Accidental forgiveness yes yes
Changing to a new car no no
Omissions Insurance Yes (loan or lease repayment coverage) no
Underinsured Motorist/Uninsured Motorist (UM/UIM) yes yes
Insurance against mechanical damage yes yes
Medical payments (MedPay) yes yes
Non-owner insurance yes yes
Pay per mile no no
Car insurance based on usage All states except California 28 states and Washington, DC
Personal Injury Protection (PIP) yes yes
Roadside assistance yes yes
Car rental yes yes
Carpool insurance yes no
Disappearing deduction yes yes

Is Geico cheaper than Progressive?

Geico vs. Progressive: Discounts

While prime rates are a good starting point, discounts can significantly lower your monthly premiums.

Progressive vs. Geico: Discounts

Discount Progressive Geico
Accident free no up to 22%
Air bags no up to 23%
Anti-lock brakes no up to 5%
Anti theft no up to 23%
Automatic payment Discount varies no
Grouping up to 7% Discount varies
Daytime running lights no up to 3%
Defensive driving course Discount varies Discount varies
Driver training no Discount varies
Employees/members no Discount varies
Good student Average savings 10% up to 15%
Federal workers no up to 12%
Military no up to 15%
Multiple vehicles Average savings 12% up to 25%
A new cycle no up to 15%
No paper Discount varies no
Passive retention no yes
Payment in full Discount varies It is not revealed
Safe driving app Average savings of $231 up to 25%
School student discount Discount varies no
Teacher no Available with some professional associations

Geico vs. Progressive: Customer Satisfaction

Geico vs. Progressive: Which is better?

Frequently asked questions

Is Progressive cheaper than Geico for auto insurance?

Progressive and Geico are very close for full coverage auto insurance, although Geico is slightly cheaper. In the case of liability-only insurances, the difference is more noticeable. Households with young drivers also save more with Geico, although Progressive's rates are lower for seniors and heavy-duty drivers.

What other types of insurance does Progressive sell?

What other types of insurance does Geico offer?

Who is progressive car insurance for?

Progressive's low rates and widespread availability make it a good fit for many types of drivers, especially seniors, people with bad credit and those with a DUI conviction. It may also be right for you if you want robust coverage options such as accident waivers and custom equipment coverage.

Who Is Geico Car Insurance Right For?

Geico is a good choice for anyone looking for reasonable prices and excellent customer service. In particular, young drivers and those with at-fault accidents may find it cheaper than the competition.

Subscribe to the CNBC Select newsletter!

Money matters – so make the most of it. Get expert advice, strategies, news and everything else you need to grow your money straight to your inbox. Register here.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality journalistic service and comprehensive consumer advice so they can make informed decisions with their money. Each auto insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of auto insurance products. Although CNBC Select earns a commission from affiliate partners for many offers and links, we create all of our content without input from our sales team or outside third parties, and we pride ourselves on our journalistic standards and ethics.

Our methodology

Editorial Note: The opinions, analysis, reviews, or recommendations expressed in this article are solely those of the editorial staff of Select and have not been reviewed, approved, or otherwise endorsed by any third party.

Leave a Comment