Compare Allstate vs. GEICO Car Insurance [2024]
Our Allstate vs. GEICO car insurance guide compare rates, coverages, discounts, and third-party ratings of two excellent car insurance companies. Although Allstate is part of the top ten companies in the United States, it lags behind GEICO's massive market share in auto insurance. However, there are areas where Allstate performs better.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Geico is ranked second in the top car insurance companies list.
- Overall, Geico car insurance rates are cheaper than Allstate car insurance rates.
- Allstate Insurance carries more discounts than Geico Insurance.
- Allstate’s Better Business Bureau and NAIC Complaint Index rating are better than Geico’s.
If you’ve looked ahead, you’re probably wondering why is car insurance so expensive at Allstate and Geico? Allstate and Geico are two of the top 10 car insurance companies in the United States.
Our Allstate vs. Geico car insurance guide explains everything you need to know about affordable car insurance rates, coverage options, discounts, and third-party ratings at Allstate and Geico.
Enter your ZIP code in the free comparison tool above to compare quotes from other companies.
For more information about Allstate vs. Geico car insurance rates, continue reading the guide.
Allstate vs. Geico Car Insurance: Which company is the cheapest?
When you compare two of the best companies, it’s essential to look at other factors that make them excellent service providers. Before we show you which company is the cheapest, let’s look at the matchup between Allstate and Geico.
Allstate vs. GEICO Summary
| Summary | Allstate Car Insurance Stats | Geico Car Insurance Stats |
|---|---|---|
| Year Founded | 1931 | 1936 |
| Headquarters | 3075 Sanders Road Northbrook, IL 60062-7127 | 5260 Western Avenue Chevy Chase, MD 20815 |
| Phone Number | 1-877-366-1607 | 1-800-207-7847 |
| Available in how many states? | All States | All States |
| Direct Premiums | $23.8 Billion | $35.2 Billion |
| Market Share | 9% | 14% |
Geico’s market share is the second-highest in the auto insurance industry. Although Allstate has a smaller market share and earns less in premiums, it’s still a prominent member of the top 10 car insurance companies in the United States.
Which is cheapest by driving record?
The best method to saving money on auto insurance is to maintain a clean driving record. You can save hundreds of dollars per year when you avoid traffic violations and minimize claims.
How do Allstate and Geico calculate car insurance rates by driving records? Let’s examine the monthly premiums below.
Allstate vs. GEICO Car Insurance Rates by Driving Records
| Driving Record Summary | Allstate Monthly Car Insurance Rates | Geico Monthly Car Insurance Rates |
|---|---|---|
| Clean Driving Record | $318 | $179 |
| With One Speeding Violation | $374 | $220 |
| With One Accident | $416 | $266 |
| With One DUI | $522 | $406 |
Although clean driving records generate the cheapest car insurance costs, Allstate’s premiums are over $300 per month for drivers who have no violations or accidents. Geico appears to be the better option.
Read more: Allstate Safe Driving Bonus Check
Which is cheapest by credit score?
According to TransUnion, it’s in your best interest to pay off debts if you want more affordable auto insurance. Why? Car insurance companies correlate your credit score to risk.
In other words, auto insurance companies give discounts to drivers who have good credit. However, drivers with poor credit pay more per month because they have a higher chance to file claims.
So how much are you expected to spend at Allstate or Geico per month based on credit score? Let’s see how both companies respond to credit scores.
Allstate vs. GEICO Car Insurance Rates by Credit Scores
| Credit History Summary | Allstate Monthly Car Insurance Rates | Geico Monthly Car Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $322 | $203 |
| Fair Credit Score (580-669) | $382 | $249 |
| Poor Credit Score (300-579) | $541 | $355 |
Geico auto insurance rates, based on credit score, are over $100 less than Allstate’s car insurance costs for each credit level. If you want to save money, Geico may be your best bet.
Which is the cheapest insurance by age?
Did you know younger drivers pay more for auto insurance? Drivers between the age of 16 and 24 are connected to costly car insurance rates.
How come? Teen and young adult drivers are prone to risk due to their driving experience. To offset the potential cost of claims, car insurance companies issue higher car insurance rates for young drivers.
Let’s review what Allstate and Geico car insurance rates look like based on age.
Allstate vs. GEICO Car Insurance Rates by Age
| Age of Drivers | Allstate Monthly Car Insurance Rates | Geico Monthly Car Insurance Rates |
|---|---|---|
| 35-Year-Old Driver | $262 | $192 |
| 60-Year-Old Driver | $246 | $189 |
| 17-Year-Old Driver | $830 | $497 |
| 25-Year-Old Driver | $291 | $193 |
If you want to add teen or young adult drivers to your policy, consider buying a Geico auto insurance policy. Allstate car insurance rates are over $300 more for teen drivers.
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Allstate vs. Geico Car Insurance Coverages
Now that you know some of the essentials to determining auto insurance, let’s talk about what your money could pay for when buying a policy. Reliable car insurance policies are often attached to several coverage options.
We happen to have a list of options that Allstate and Geico provides. Let’s examine all the car insurance coverages below.
Comparing Allstate and GEICO Car Insurance Coverage Options
| Allstate Car Insurance Coverages | Geico Car Insurance Coverages |
|---|---|
| Collision coverage | Bodily Injury Liability |
| Comprehensive coverage | Property Damage Liability |
| Bodily Injury Liability | Medical Payments coverage |
| Property Damage Liability | Uninsured & Underinsured Motorist coverage |
| Uninsured & Underinsured Motorist Coverage | Collision |
| Rental Reimbursement Coverage | Comprehensive |
| Personal Umbrella Policy | Emergency Roadside Assistance |
| Personal Injury Protection | Mechanical Breakdown Insurance |
| Sound System Insurance | Rental Car Reimbursement |
| Roadside Assistance | |
| Classic Car Insurance | |
| Travel Car Insurance to Mexico |
Allstate has more coverage options, explaining why some Allstate premiums are higher than Geico’s auto insurance rates.
Allstate vs. Geico Usage-Based Insurance
If you don’t care for a traditional policy, you can try Allstate Milewise or Geico DriveEasy. These two programs are usage-based car insurance programs that issue rates based on how you drive and how many miles you drive.
How do Milewise and DriveEasy compare to each other? Geico DriveEasy is a stand-alone mobile app. However, it has a 2.4-star rating in the Apple App Store and the Google Play Store.
Allstate Milewise, on the other hand, doesn’t have a stand-alone smartphone app in the United States, but it does have one in Canada. The general Allstate mobile app has a 4.8-star rating in the Apple App Store.
To access usage-based insurance services, you’ll need to create an Allstate login or Geico login online. With your Geico Insurance login or Allstate Insurance login, you can manage Allstate claims, Geico quotes, and much more. (For more information, read our “The Pros and Cons of Car Insurance“).
Read More: Allstate Claim Satisfaction Guarantee Review
Allstate vs. Geico Car Insurance: Who has more discounts?
Factors that determine auto insurance may produce expensive rates, but you can slash high costs with discounts. We found a list of Allstate and Geico deals that you may be eligible for, but how much can you save? Let’s compare Allstate and Geico auto insurance discounts.
Comparing Allstate and GEICO Car Insurance Discounts
| 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 |
| Early Quote | 10% | N/A |
| E-billing | 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 |
Allstate’s discounts outnumber Geico’s discounts. If you qualify for enough discounts at Allstate, you can get rates just as cheap as Geico. If you want to know how you can be eligible for some of these discounts, contact Allstate or Geico customer service.
If you want a closer look at how to qualify for discounts at both companies, check out our Geico Auto Insurance Discounts guide and Allstate Auto Insurance Discounts guide.
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Financial Strength and Credit Ratings
Before you buy Allstate or Geico car insurance, take a few moments to examine financial strength and credit ratings.
Why are these ratings important? Financial strength and credit ratings reveal how well a company manages money and overall customer satisfaction. Let’s review the ratings below.
Allstate vs. GEICO Financial Strength and Credit Ratings
| Agencies | Allstate Ratings | Geico Ratings |
|---|---|---|
| AM Best | A+ (Excellent) | A++ (Superior) |
| Better Business Bureau (Chicago, IL) | A+ | B+ |
| 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 |
AM Best, Moody’s, and S&P are agencies that measure the financial strength of a company. Under these agencies, Geico’s ratings are much better than Allstate’s ratings.
The BBB, NAIC, J.D. Power, and Consumer Reports monitor customer satisfaction. Overall, Allstate performs better with customers.
Allstate vs. Geico Car Insurance: The Bottom Line
Geico is a much cheaper auto insurance company with better financial strength ratings, but Allstate does better with consumers. You may be able to lower Allstate’s expensive rates if you can stack a few discounts.
Enter your ZIP code in the free online quote to find companies in your local area.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.