Wed. Oct 23rd, 2019

Geico vs. Progressive Auto Insurance coverage: 2019 Charges, Protection and Extra

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Hundreds of thousands of drivers select Geico or Progressive for auto insurance coverage. They’re two of the three largest automotive insurance coverage corporations within the U.S.

However Progressive and Geico take totally different approaches to offering automotive insurance coverage, so which one you must select will depend on what’s most vital to you.

Progressive has hundreds of brokers whereas Geico primarily does enterprise on-line or by telephone.
Geico typically beats Progressive’s charges, however not for all drivers or in all states.
Each have lengthy — however totally different — lists of protection choices to customise insurance policies.

That will help you discover the perfect coverage for you, right here’s an in depth take a look at how the 2 corporations examine.

Geico vs. Progressive: Common automotive insurance coverage charges

If worth is your high concern, Geico is more likely to have the sting — but it surely will depend on the place you reside.

NerdWallet analyzed charges in 34 states and the District of Columbia the place each Geico and Progressive are among the many largest auto insurance coverage corporations. In these states, Geico was about $19 a month cheaper than Progressive, on common, for good drivers with good credit score shopping for a full-coverage coverage.

And for drivers with poor credit score or a latest at-fault accident shopping for the identical protection, Geico’s charges have been about $56 a month decrease than Progressive’s, on common.

However in Louisiana, Maryland, New Mexico, North Carolina and the District of Columbia, Progressive was cheaper than Geico, on common, for all three conditions. In eight different states, Progressive was cheaper than Geico for one or two of the driving force profiles.

Nonetheless, in 21 states Geico was cheaper than Progressive for all three conditions.

Since charges range a lot by state and by the driving force’s circumstances, it’s vital to get quotes from each corporations to know whether or not Progressive or Geico is most cost-effective for you.

Listed below are the annual common charges we discovered for full protection for 4 driver profiles, plus minimal protection charges for good drivers with good credit score.

These costs are averaged throughout 34 states and Washington, D.C., and will not mirror costs in your state.

» MORE: NerdWallet’s Progressive evaluation

Geico vs. Progressive: NerdWallet rankings

Each corporations earned three.5 stars in NerdWallet’s rankings of the perfect automotive insurance coverage corporations, however Geico ranked 15th whereas Progressive ranked 19th out of 24 insurers.

NerdWallet’s ranking is a rating based mostly on:

J.D. Energy rankings for customer support, claims satisfaction and buying satisfaction.
Shopper Experiences buyer satisfaction rankings.
Shopper complaints towards the insurer, based mostly on information from the Nationwide Affiliation of Insurance coverage Commissioners.

» MORE: NerdWallet’s Geico evaluation

Geico vs. Progressive: Buyer satisfaction

Clients report a greater expertise with Geico than with Progressive, each after they’re looking for insurance coverage and after an insurance coverage declare, based on J.D. Energy.

The impartial rankings agency ranked Geico 12th out of 19 corporations within the 2019 J.D. Energy U.S. Insurance coverage Purchasing Research whereas Progressive ranked 18th. Each corporations earned a ranking of “about common” within the examine.

In J.D. Energy’s 2018 Auto Claims Satisfaction Research, the newest obtainable on the time of publication, Geico tied for 10th amongst 22 insurers, whereas Progressive landed at 17th. Once more, each corporations have been thought-about “about common.”

Geico vs. Progressive: Insurance coverage choices

Progressive gives protection choices in some states that aren’t obtainable from Geico:

The Snapshot usage-based insurance coverage program lets drivers earn reductions for secure driving.
Hole insurance coverage covers what you owe on a automobile, much less your deductible, in case your automotive is totaled or stolen and your common protection isn’t sufficient to repay the mortgage.

Geico, alternatively, gives mechanical breakdown protection. That choice isn’t obtainable from Progressive.

» MORE: Examine automotive insurance coverage charges

Geico vs. Progressive: On-line and cellular instruments

Each Geico and Progressive have web sites and cellular apps the place drivers can handle their auto insurance coverage coverage on-line. The cellular apps additionally allow you to pay premiums, get ID playing cards, name for roadside help and add injury images.

Different digital instruments at Geico embrace:

Automobile Care, which alerts you when your automotive wants upkeep.
Locators for gasoline, parking and close by sights.
Voice help by means of Google House, Google Assistant or Amazon’s Alexa.
Discover a Trip, which helps you to use Geico’s cellular app to attach with a Lyft driver.

At Progressive, different on-line and cellular instruments embrace:

Title Your Value, which helps you discover a coverage that matches your price range.
The Snapshot cellular app for Progressive’s usage-based insurance coverage program. The app can provide you particulars about your driving conduct and your journeys.
Digital help by means of Google House or through Progressive’s Flo Chatbot, a Fb Messenger app.

NerdWallet averaged Geico’s and Progressive’s charges for 40-year-old women and men for 20 ZIP codes in Washington, D.C., and 34 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Kentucky, Louisiana, Maryland, Maine, New Hampshire, New Jersey, New Mexico, Nevada, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington and West Virginia. Each Geico and Progressive are among the many largest insurers in these states.

“Good drivers” had no transferring violations on document and credit score within the “good” tier as reported to every insurer. For the opposite driver profiles, we modified the credit score tier to “poor” or added one at-fault accident, retaining every part else the identical. For the low-mileage driver profile, we modified the automobile from each day commuting use to pleasure use and lowered the annual miles pushed from 12,000 to five,000, retaining every part else the identical. To match minimal protection for good drivers, we averaged charges for the minimal insurance coverage protection required by regulation in every state.

For full protection insurance policies, pattern drivers had the next protection limits:

$100,000 bodily harm legal responsibility protection per individual.
$300,000 bodily harm legal responsibility protection per crash.
$50,000 property injury legal responsibility protection per crash.
$100,000 uninsured motorist bodily harm protection per individual.
$300,000 uninsured motorist bodily harm protection per crash.
Collision protection with $1,000 deductible.
Complete protection with $1,000 deductible.

In states the place required, minimal further coverages have been added.

We used a 2015 Toyota Camry on this evaluation. These are pattern charges generated by means of Quadrant Info Providers. Your personal charges can be totally different.

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