Allstate vs. GEICO Car Insurance for 2021
Allstate and GEICO are leading car insurance companies in the United States. GEICO auto insurance rates are cheaper, but Allstate auto insurance has more discounts. Allstate vs. GEICO car insurance rates is determined by age, credit score, and driving record. Compare Allstate vs. GEICO car insurance quotes to secure cheap rates.
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Written by
D. Gilson, PhD
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Reviewed by
Jeffrey Johnson
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UPDATED: Jul 2, 2021
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- Allstate vs. GEICO pricing depends on several factors
- GEICO’s usage-based program is only available in 19 states
- Comparing ratings can help you on the next step to buy car insurance
Looking to compare Allstate vs. GEICO car insurance quotes? Alongside prices, you‘ll need to know other factors that affect the price of car insurance. Don’t worry – we’re here to help.
Continue reading this guide to learn more about Allstate vs. GEICO car insurance rates, what factors affect costs, and customer review ratings of both companies.
Before jumping into this Allstate vs. GEICO car insurance review, enter your ZIP code into our free online quote tool above to find affordable car insurance quotes.
Table of Contents
Allstate vs. GEICO: Which company is cheapest in a head-to-head price comparison?
When comparing affordable Allstate vs. GEICO car insurance, GEICO quotes are about $268 per month on average, but Allstate insurance is about $407 per month.
However, Allstate vs. GEICO pricing depends on several factors, such as age, credit score, and driving record. Insurers use these factors to compare the risks of drivers they insure.
Let’s go through each factor to see how Allstate and GEICO determine rates.
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Allstate vs. GEICO: Which company is the cheapest by age?
Age is a factor that’s connected to the driving experience. Teen and young adult drivers aren’t as experienced as older drivers, so rates will be higher than average.
Let’s compare Allstate and GEICO rates based on age.
| Age of Drivers | Allstate Average Monthly Car Insurance Rates | GEICO Average Monthly Car Insurance Rates |
|---|---|---|
| 60-Year-Old Driver | $246 | $189 |
| 35-Year-Old Driver | $262 | $192 |
| 25-Year-Old Driver | $291 | $193 |
| 17-Year-Old Driver | $830 | $497 |
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When it comes to car insurance by age, GEICO is the cheapest company out of the two. GEICO is the second-largest auto insurer, popular for its low rates offered to consumers both online and over the phone.
As our methodology predicted, younger drivers pay much more for auto insurance. Meanwhile, seniors pay the least for auto insurance premiums.
To save more on teen car insurance, look into insurance discounts for student drivers and slash those costly rates.
Allstate vs. GEICO: Which insurance company is the cheapest by credit score?
Did you know auto insurance providers correlate your credit score to risk? According to Experian, car insurance companies issue cheaper car insurance rates to customers with good and excellent credit scores.
Why? Auto insurance companies believe people with higher credit scores are less likely to file a claim.
What about people with fair and poor credit scores? Let’s compare Allstate vs. GEICO auto insurance rates based on credit.
| Credit History Summary | Allstate Average Monthly Car Insurance Rates | GEICO 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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GEICO wins another price battle under premiums based on credit score. Allstate is more than $100 on each credit level.
Allstate vs. GEICO: Which company is the cheapest by driving record?
One of the most significant factors when determining car insurance is driving record – it’s the fastest way to affordable auto insurance quotes.
So how do Allstate and GEICO respond to the driving records of their customers? Let’s review.
| Driving Record Summary | Allstate Average Monthly Car Insurance Rates | GEICO Average Monthly Car Insurance Rates |
|---|---|---|
| Clean Driving Record | $318 | $179 |
| With 1 Speeding Violation | $374 | $220 |
| With 1 Accident | $416 | $266 |
| With 1 DUI | $522 | $406 |
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Allstate remains the more expensive company, but you can ensure cheaper than average rates through a clean driving record.
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How to compare Allstate and GEICO car insurance coverages
Sometimes low-cost car insurance isn’t enough. You may need a versatile auto insurance policy. A cheap car insurance policy with little coverage may not be worth it.
What does this mean for Allstate and GEICO? We’ve collected some detailed information on both companies to see which company offers more car insurance coverage. Let’s compare.
| Coverage Summary | Allstate Availability | GEICO Availability |
|---|---|---|
| Bodily Injury Liability (BI) | ✓ | ✓ |
| Property Damage Liability (PD) | ✓ | ✓ |
| Collision | ✓ | ✓ |
| Comprehensive | ✓ | ✓ |
| Medical Payments (MedPay) | ✓ | ✓ |
| Personal Injury Protection (PIP) | ✓ | ✓ |
| Uninsured/Underinsured Motorist (UM/UIM) | ✓ | ✓ |
| Roadside Assistance | ✓ | ✓ |
| Rental Car Reimbursement Coverage | ✓ | ✓ |
| Rideshare Insurance | ✓ | ✓ |
| Usage-Based Insurance | ✓ | Available in 19 states* |
| Travel Expense Coverage | ✓ | |
| Sound System Insurance | ✓ | |
| Mechanical Breakdown Insurance | ✓ | |
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Although GEICO is more affordable, it doesn’t have the same number of coverages as Allstate. That may be why Allstate car insurance is more expensive. However, if you’re looking for an affordable car insurance policy, Geico might be a better choice for you.
How to compare Allstate and GEICO discounts
What about insurance discounts? Cheap car insurance quotes are helpful for your budget, but discounts can reassure you that your auto insurance rates stay low.
Between Allstate and GEICO, which company has more opportunities to save?
| Car Insurance Discounts | Allstate Car Insurance Savings | GEICO Car Insurance Savings |
|---|---|---|
| Accident Forgiveness | 30% | N/A |
| Accident-Free | N/A | Depends on Your State |
| Anti-lock Brake | 10% | 5% |
| Anti-Theft Device | 10% | 25% |
| Daytime Running Lights | N/A | 3% |
| Deductible | Depends on Your State | N/A |
| Defensive Driver | 20% | Depends on Your State |
| Driving training | Depends on Your State | Depends on Your State |
| E-billing | 10% | N/A |
| Early Quote | 10% | N/A |
| Emergency Deployment | N/A | 25% |
| EV/Hybrid | 10% | N/A |
| Family | Depends on Your State | N/A |
| Farm Vehicle | 10% | N/A |
| Federal Employee | N/A | 25% |
| Good Driver | 10% | 26% |
| Good Payer | 5% | N/A |
| Good Student | 10% | 15% |
| Low Mileage | 10% | N/A |
| Military | N/A | 15% |
| Multiple Policy | 10% | Depends on Your State |
| Multiple Vehicle | 10% | Depends on Your State |
| New Car | 15% | N/A |
| Organization | N/A | Depends on Your State |
| Paid in full | 10% | N/A |
| Paperless documents | Depends on Your State | N/A |
| Passive Restraint | 10% | 25% |
| Preferred payment | 5% | N/A |
| Prepay | 10% | N/A |
| Seat Belt Use | N/A | 15% |
| Senior Adult | 5% | Depends on Your State |
| Student Away at School | 5% | N/A |
| teenSMART | 35% | Depends on Your State |
| Utility Vehicle | Depends on Your State | N/A |
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With all the discounts listed for Allstate, you may be able to get lower prices. GEICO has a few bargains, but Allstate appears to be more transparent on how much you can save.
Allstate vs. GEICO: Which company has the better financial strength and customer experience ratings?
If affordability isn’t enough, the next step is looking at how Allstate and GEICO perform for customers and how they manage money.
There are several agencies in the United States that grade insurance companies on their performance each year. We’ve compiled their scores in the research below.
| Agencies | Allstate Ratings | GEICO Ratings |
|---|---|---|
| AM Best | A+ (Excellent) | A++ (Superior) |
| Moody's | A3 (Good) | Aa3 (Excellent) |
| S&P | AA- (Very Good) | AA+ (Very Good) |
| NAIC Complaint Index | 0.41 | 1.14 |
| J.D. Power - Power Circle Ratings | About Average | About Average |
| Consumer Reports | 88 | 89 |
| Apple App Store (iOS) | 5 stars | 5 stars |
| Google Play Store (Android) | 4 stars | 5 stars |
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Overall, GEICO’s ratings are much stronger. However, the National Association of Insurance Commissioners (NAIC) reported that Allstate has fewer consumer complaints.
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Allstate vs. GEICO: What’s the bottom line?
GEICO is cheaper than Allstate when you stack up both companies. However, Allstate has more coverage options and discounts. Should you buy Allstate vs. GEICO car insurance? Take a moment to match up the pros and cons of each company to see which works for you.
Before choosing the right insurance company for you, you’ll need to provide information such as driving history, facts about the car and its features, and annual mileage driven. You’ll also need to think what coverages might be suitable for you. Also when comparing quotes among insurance companies, check if each is providing the same coverage limits and deductibles.
Now that you’ve finished this Allstate vs. GEICO car insurance review, enter your ZIP code in the free comparison tool below to compare the top car insurance companies near you.