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Verdict
GEICO typically offers cheaper cable car insurance policies than Progressive, making it an excellent choice for customers on a budget. GEICO besides edges Progressive slightly in overall customer satisfaction, though progressive receives fewer customer complaints. progressive may besides be cheaper in your express or for your driving history. To determine which is best for you, it ’ sulfur worth getting a quote from both companies.
GEICO is good for drivers who value customer service and affordability. Progressive is good for drivers who want more coverage options.
Is GEICO or Progressive Cheaper Overall?
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On average, GEICO is slightly cheaper than Progressive. Car indemnity from GEICO has an average price of $ 1,047 per year, while a exchangeable policy from progressive costs $ 1,381. Keep in take care that these numbers are averages, and the cheapest car policy for you may vary depending on many factors, including where you live, your senesce, your drive record and your credit score. The modal rates listed above are for a 40-year-old male sample driver.
Is GEICO or Progressive Cheaper in Your State?
Prices in individual states can vary widely from national average rates, so it ’ sulfur substantive to determine whether or not a particular indemnity supplier is cheaper where you live. The modal cost of car policy tends to be lower in more states for GEICO, but that doesn ’ thymine inevitably mean it ’ ll be the most low-cost option in your department of state. GEICO is cheaper than Progressive in 42 states, while Progressive is cheaper than GEICO in just five. Both companies provide coverage in all 50 states and the District of Columbia. In the following mesa, you ‘ll notice a few spots that include the text “ not available. ” This does not inevitably mean that coverage is unavailable from that ship’s company in that department of state. quite, this merely indicates that our study lacked sufficient information in these states. If you ‘d like to see which company may offer you a lower quote in your state, use our cable car insurance cost calculator to get a personalized quotation mark .
Average Cost Per State
Is GEICO or Progressive Cheaper for Your Age and Driving History?
Besides localization, many early factors can influence your car policy rates, including your historic period, driving phonograph record and credit grade. These factors make up what is known as your driver profile, which is a collection of data about you that car insurance companies use to determine your rates. insurance is frequently more expensive for younger drivers, drivers with hapless credit and drivers with accidents or driving violations in their drive history. GEICO is cheaper than Progressive for all our sample distribution drivers except those who have a DUI, including the follow :
- GEICO is slightly more affordable for student drivers at $3,164 per year, while an average policy from Progressive costs $3,171.
- GEICO is cheaper for drivers with a ticket at $1,265 per year, while an average policy from Progressive costs $1,739.
- GEICO is cheaper for drivers with an at-fault accident at $1,494 per year, while an average policy from Progressive costs $2,163.
- Progressive is cheaper for drivers with a DUI at $2,132 per year, while an average policy from GEICO costs $2,680.
- GEICO is cheaper for drivers with poor credit at $1,681 per year, while an average policy from Progressive costs $2,475.
Average Car Insurance Rates by Driver Profile
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- Driver Profile GEICO Annual Premium progressive Annual agio
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18-Year-Old Student
$3,164
$3,171
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Driver With a Ticket
$1,265
$1,739
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Driver With an Accident
$1,494
$2,163
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Driver With a DUI
$2,680
$2,132
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Driver With Poor Credit
$1,681
$2,475
GEICO vs. Progressive: Which Is Better for Discounts?
many indemnity companies offer a similar selection of discounts based on your driving history and vehicle, but the number of deals applied matters less than your final quote. Two of the most meaning discounts on your premium are home and car bundle discounts and usage-based discounts. GEICO doesn ’ metric ton estimate how a lot drivers can save by bundling, while Progressive says drivers can save up to 4 %. The national average for bundling discounts of 17 %, indicating Progressive is not american samoa competitive as other major indemnity companies. Because progressive gets more particular about likely savings, they win in this category. More home and car insurance bunch comparisons are located in our entire company analysis. Both companies offer safe drivers lower rates through usage-based programs. Each company has an app that rates your driving behavior : progressive ’ s Snapshot and GEICO ’ s DriveEasy. Both programs financially reward customers for safe drive behaviors and penalize them for hazardous behavior. Savings from Progressive ’ randomness broadcast modal at $ 145 per year, while GEICO doesn ’ triiodothyronine provide these rates. Because Progressive is more guileless about potential usage-based discounts, they take the win over GEICO here, besides .
Available Discount by Company
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- deduction available With GEICO ? available With Progressive ?
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Air bag
✔
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Anti-lock brakes
✔
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Anti-theft system
✔
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Daytime running lights
✔
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New vehicle
✔
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Safe driving
✔
✔
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Seat belt use
✔
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Defensive driving
✔
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Driver’s education
✔
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Good student
✔
✔
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Emergency deployment
✔
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Federal employee discount
✔
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Affinity organization
✔
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Military discount
✔
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Multiple Car
✔
✔
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Bundling
✔
✔
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Sign up online
✔
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Pay in Full
✔
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Internet
✔
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Paperless
✔
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Homeowners
✔
Read more: The 7 Best Car Insurance Companies (2022)
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Continuously insured
✔
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Distant student
✔
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Automatic payment
✔
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Accident forgiveness
✔
GEICO vs. Progressive: Which Has Better Customer Service?
MoneyGeek measures customer experience based on how satisfy customers are, according to J.D. Power, and how frequently they lodge complaints, according to the National Association of Insurance Commissioners ( NAIC ). While GEICO outperforms in customer satisfaction, Progressive receives fewer customer complaints.
GEICO vs. Progressive: Customer Satisfaction Rating
J.D. Power rates car indemnity company ’ randomness customer gratification out of 1,000 points. GEICO and Progressive received 843 and 832, respectively. GEICO ’ s slender border makes it the achiever in this category. First Notice of Loss : 4 /5 estimate of process : 4 /5 Repair serve : 4 /5 Claims Servicing : 4 /5 lease have : 5 /5 settlement : 4 /5 First Notice of Loss : 3 /5 estimate of process : 3 /5 Repair process : 4 /5 Claims Servicing : 3 /5 lease experience : 5 /5 settlement : 3 /5
GEICO vs. Progressive: Customer Complaint Ratio
The NAIC measures customer complaint volume by comparing each caller against an average mark of 1. GEICO scores 2.04, meaning that GEICO receives more than double the average phone number of customer complaints. Progressive received a 1.33, slenderly higher than the national average but still significantly lower than GEICO, making it the achiever in this class. GEICO progressive
GEICO vs. Progressive: Coverage Options
Every cable car insurance company offers standard coverages like indebtedness insurance, comprehensive and collision insurance, uninsured motorist policy and personal injury protection. When it comes to coverage outside the norm, Progressive beats out GEICO. Although both insurers offer rental car reimbursement, roadside aid and accident forgiveness, Progressive offers coverages that fit a wide range of drivers. The company has rideshare insurance if you work for Uber or Lyft half-time or col indemnity if you borrowed to finance the purchase of your car. While progressive offers more unique coverages, keep in take care your specific needs as a driver. For case, GEICO offers mechanical breakdown indemnity. If you ’ re a driver with an older cable car, this indemnity will cover the price of your repairs after your new car guarantee runs out .
Coverage Options by Company
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- coverage available With GEICO ? available With Progressive ?
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Rental Car and/or Travel Reimbursement
✔
✔
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Roadside Assistance
✔
✔
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Mechanical Breakdown Insurance
✔
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Accident Forgiveness
✔
✔
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Custom Parts Coverage
✔
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Deductible Modification
✔
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Rideshare Insurance
✔
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Gap Insurance
✔
GEICO vs. Progressive: Which Is More Financially Stable?
fiscal stability is another agent to consider when choosing an indemnity ship’s company. Financially stable companies will be more likely to pay out on indemnity claims than policy companies on rickety fiscal foot. While GEICO has a flimsy edge in fiscal stability, both GEICO and Progressive are large, well-established policy companies with full-bodied finances. GEICO has a fiscal stability score of A++ from A.M. Best, while Progressive scored an A+.
GEICO vs. Progressive: Online Tools
Both GEICO and Progressive offer on-line calculator tools, but Progressive wins in this class for the singularity of its Name Your Price tool. One of GEICO ’ s standout tools is its coverage calculator, which allows customers to determine the appropriate flat of insurance coverage for their needs. After you answer a few short questions about yourself and your cable car, GEICO suggests an policy coverage sum for your needs, which can help take some of the guess out of purchasing car policy. liberal ’ s Name Your Price cock takes the opposite overture. alternatively of recommending coverage amounts, Progressive invites customers to specify how a lot indemnity they can afford and their deal monthly premium. From there, Progressive recommends coverage amounts that work with your budget.
Methodology
GEICO and Progressive were analyzed by MoneyGeek based on affordability, coverages, serve, fiscal stability and on-line tools. Customer satisfaction and complaints data were drawn from J.D. Power surveys and the National Association of Insurance Commissioners ( NAIC ). fiscal force was based on ratings from A.M. Best, an policy credit rating fink means. The MoneyGeek team compiled data on available coverages and discounts for each insurance company. Quotes were compiled from hundreds of ZIP codes across the area for a sample car insurance policy for a 40-year-old male. The policy covers :
- $100,000 on bodily injury liability insurance per person
- $300,000 on bodily injury liability insurance per accident
- $100,000 on property damage liability insurance per person
- Comprehensive and collision insurance with a $1,000 deductible
About the generator
Margaret Wack is a freelancer writer who covers policy, saving, investing, deposit, and more. Margaret earned a knight bachelor ‘s degree in classics, comparative literature, and poetry from Smith College and a headmaster ‘s degree from St. John ‘s College.