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When comparing Progressive and Geico, Progressive offers more options for insurance coverage and add-ons, and Geico offers more affordable rates on average
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Geico and Progressive are two of the largest auto insurance companies in the US - but which is better? In this Geico vs. Progressive comparison, we on the Home Media review team will take a closer look at how providers stack up in terms of cost, coverage options, customer ratings, and more.
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Remember, these are not the only premium insurers on the market. When looking for the lowest auto insurance rates, we recommend researching and comparing quotes from some of the best auto insurance companies in the industry.
In our industry-wide review, we ranked Geico and Progressive similarly—both topped our list of the best auto insurance companies. However, these two insurers are not the same.
Geico has the lowest average prices in the entire country. It is a financially stable insurer that receives high customer satisfaction ratings from its AM Best and BBB ratings. For these reasons, we named Geico our Editors' Choice among leading auto insurance companies. Geico also has one of the simplest online application processes.
Progressive, like Geico, is a financially stable company with a positive reputation in the industry. We credit Progressive for having low rates for high-risk drivers because of their low average costs and the discounts they offer for young drivers, older drivers, and especially recent DUI drivers.
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Both Geico and Progressive offer full insurance options. This means that each insurance company provides six standard types of car insurance coverage:
We recommend that most drivers carry full coverage, but many drivers only carry the minimum coverage in their state. Our team surveyed 1,000 car insurance customers in 2022 and found that around 25% of drivers have minimum coverage and around 67% have full coverage. Of those with full insurance, 45% have high limits and 55% have low limits.
Along with traditional auto insurance, Geico and Progressive offer additional insurance options such as roadside assistance and motorist insurance.
Progressive offers additional additional coverage options, although they may not apply if you don't want or need that additional coverage.
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Both Geico and Progressive have usage-based (sometimes also called telematics) insurance systems. These programs monitor your driving habits and offer extra discounts for safe driving.
Geico's usage-based insurance option is called DriveEasy. The app monitors your driving through a mobile app that monitors phone usage, speed and heavy braking. A progressive application based on usage is called SnapshotⓇ. Snapshot also tracks your driving habits through a mobile app or connected device, tracking the time of day you drive, changes in speed, phone use and how much you drive.
Currently, DriveEasy is only available to Washington, D.C. drivers. and 28 states: Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Louisiana, Kentucky, Maryland, Minnesota, North Carolina, Nebraska, Nevada, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Wisconsin.
Both Geico and Progressive offer low-cost car insurance for drivers across the country. Geico's rates are generally lower overall, but Progressive tends to offer better rates for those with a recent DUI, accident or speeding ticket on their driving record.
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See how Geico and Progressive's average full coverage insurance costs compare to other leading national providers:
The only way to find out which provider will be cheaper for you is to contact them to get car insurance quotes from both. The most cost-effective insurer may depend on the discounts you qualify for.
While Geico and Progressive offer similar savings options, there are some differences in the discounts they offer.
Geico offers Accident Forgiveness as an add-on policy that can be purchased up front or will be automatically added to your policy after enough time has passed without filing a claim. Availability and details vary by state.
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When comparing Geico vs. Progressive in terms of customer ratings, Geico generally outperforms. At J.D. Power 202 2 U.S. Auto Insurance Study SM, for example, Geico scored above average in eight of 11 areas. It also scored higher than Progress in all areas.
Both auto insurance companies are rated similarly by customers on the BBB, each with a customer rating of just over 1.0 stars. Geico has about 2,000 customer complaints filed with the BBB over the past three years, and Progressive has nearly 4,000. That number of claims may seem high, but it's a small fraction of customers when you consider the fact that Geico is the second largest auto insurer in the United States and Progressive is the third largest, according to the National Association of Insurance. Executive Directors (NAIC).
Geico and Progressive are two of the best auto insurance companies on the market. Geico tends to offer lower rates for most policyholders and has a slightly higher customer satisfaction rating. On the other hand, Progressive has great options for high-risk drivers and broader usage-based policies. We recommend comparing prices for both when shopping.
Geico and Progressive are not only good choices for cheap car insurance. It's a smart idea to contact both companies to get auto insurance quotes when shopping for insurance, and even smarter to compare multiple providers. We recommend getting quotes from other leading vendors such as State Farm and USAA.
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We recommend State Farm for student drivers based on their discount offers. The Drive Safe & SaveTM and Steer ClearⓇ programs help young drivers save on insurance premiums. Of course, State Farm isn't just for young drivers. It is the nation's largest insurer according to the NAIC and has an A++ financial strength rating from AM Best.
USAA is a reputable insurance company known for excellent customer service. Received the highest customer satisfaction rating of any region in the US at J.D. Power U.S. Car insurance course. It also has some of the lowest prices on average. However, coverage is not available to everyone. To be eligible for USAA auto insurance, you must be in the military or have a family member who is a member of USAA.
Both Geico and Progressive are reputable insurers with positive industry reputations, but which one is best for you depends on your situation. We found that Geico offers slightly better rates for the average driver, while Progressive tends to have lower rates for high-risk drivers in particular. Progressive and Geico also differ in the discounts they offer.
While no car insurance company is cheaper for all drivers, we've found that Geico tends to offer affordable rates on average. According to our research, Geico's overall insurance rates are about 25% cheaper than the national average for good drivers.
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Geico is not owned by Främsørn. Berkshire Hathaway owns Geico, but Progressive Corporation is an independent company. Progressive is the second largest auto insurance company in the United States, according to the NAIC.
Because consumers trust us to provide objective and accurate information, we created a comprehensive ranking system to formulate our ranking of the best auto insurance companies. We collected data on dozens of auto insurance companies to rank companies based on a variety of ranking factors. The final result was an overall ranking for each provider, with insurers scoring the most points at the top of the list. Progressive offers consumers basic rental insurance with the option to add additional coverage. Costs are in line with other insurers and it's easy to get a quote online. There are also many discounts available.
Many or all of the companies available provide compensation for . These royalties are how we keep our service free to consumers. Salary, along with hours of in-depth editorial research, determines where and how businesses appear on our site.
Renters insurance covers more than just an apartment; it also includes apartments, dormitories and possibly even houses. It's convenient when homeowner's insurance doesn't cover tenants' personal obligations or keep a roof over their heads for non-residential housing.
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Renters insurance provides many of the basics, but policyholders may pay extra to cover jewelry, bodily injury, water damage, or pet coverage. Costs vary, but there are plenty of insurers out there — big and small — that offer renters insurance.
Progressive opened its doors in 1937 as an auto insurance company. It always broke new ground in insurance with reduced rates for low-risk drivers, a site that showed comparison prices and allowed consumers to buy car insurance in real time.
Today, the company offers a wide range of insurance coverage, including home and property, auto and leisure, health, travel, as well as wedding and events. It is the third largest motor insurance provider in the country and the best seller in motorcycle and commercial vehicle insurance. It is also one of the top 20 home insurance companies by size.
The Progress website points to the average
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