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Geico vs Progressive: Which Car Insurance is Better?

Flat illustration comparing car insurance rates on tablet

Everyone knows that Geico and Progressive are the two largest online insurance companies in the U.S. But what makes one better than the other? Let’s compare and contrast both companies and see if one floats to the top.

Geico vs Progressive: Coverages and Ratings

The table below compares industry ratings for value, claims service, and customer service, as well as some of the optional coverages offered by both Geico and Progressive.

Geico vs Progressive
GeicoProgressive
Total rating87.8/10090.1/100
Value for Price79/10088/100
Claims Rank95/10083/100
Client Services89/10094/100
Market share percentage11.4%8.8%
Customer recommendation87%88%
Mechanical breakdown insuranceYesYes
Usage-based insuranceNoYes
Accident forgivenessYesYes
Rideshare coverageYesYes
New car replacement insuranceNoNo
Roadside assistanceYesYes
Where you can buyCan buy online or use a Geico agentOnline or from independent agents
Number of agents150+30,000+
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Geico vs Progressive: Which offers better discounts?

Everyone likes discounts, especially when talking about car insurance. Geico and Progressive both offer a good selection of discounts to help you save money, and the list below shows some of the discounts that are available with each company.

Geico vs Progressive: Auto Insurance Discounts
DiscountGeicoProgressive
Bundle discountYesYes
Multi-vehicleYesYes
Anti-theftYesYes
Anti-lock brakesYesNo
Air bagsYesNo
New vehicleYesNo
Accident-freeYesYes
Defensive driver trainingYesYes
MilitaryYesYes
Affinity/occupationNoNo
Pay in fullNoYes
Automatic paymentNoYes
Brand loyaltyYesYes
Early sign-upNoNo
Smart studentYesYes
Student away from homeYesYes
HomeownerNoYes
Seat belt useNoNo
Online quote discountNoYes
Teenage driverNoYes
Compare Prices Go

Viewing the tables above, you can see that offerings are similar between both Geico and Progressive. If car insurance discounts are your thing, each company offers a slightly different choice of discounts, but discounts generally do not apply to your entire policy premium. Rather, they usually take a percentage off a specific coverage depending on the discount.

Online or a local insurance agent

Progressive differs a little bit from Geico in how they sell car insurance. Progressive not only sells online, but they also offer coverage through a network of independent agents. Geico has a small number of agents in relation to Progressive, but they have a larger online marketshare. So if you prefer to work with a local agent, stop in to your local independent agent and inquire if they offer Progressive as an option.

Is Geico or Progressive cheaper?

If the cheapest car insurance is your objective, then Geico may be the best choice. Out of the top five largest auto insurance companies, Geico was the cheapest at around $1,100 a year. Progressive was second at about $1,240 a year. Farmers, State Farm, and Allstate rounded out the top five at $1,250, $1,325, and $1,570, respectively.

Who has the best claims service?

If the best claims experience is your goal, it’s pretty much a wash. Both Geico and Progressive lagged behind Allstate, Farmers, and State Farm when it came to customer satisfaction with their claim settlements.

Are both solid financially?

There are a lot of different ways to compare Geico and Progressive, but the two companies are so similar that you really cannot go wrong with either one. They are both solid financially, with good ratings with both A.M. Best and Standard & Poor’s. So you will not have to worry about either one going insolvent and not being able to pay your claim.

How to compare rates

If you want the best auto insurance comparison, we recommend you not only compare Geico with Progressive, but include some independent agents and also exclusive agents like State Farm and Allstate in the mix. Each one has unique discounts and coverages that may lend themselves well to your personal risk profile.

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