Geico is very expensive because car insurance is expensive in general, due to rising costs for insurers. In fact, Geico ranks first in WalletHub's analysis of the 10 cheapest car insurance companies. In addition, Geico's minimum and total coverage policies are cheaper than the national average. Geico and Liberty Mutual are the second and seventh largest insurance providers in the country, with policies available in all 50 states.
Geico offers the standard coverage options you'd expect to find in an auto insurance policy, plus some basic add-ons like roadside assistance and rental car reimbursement. Behind USAA, which is only available to military families, State Farm is the cheapest in most states. ValuePenguin then compares the cost of car insurance from State Farm, Geico, Allstate, Progressive and Farmers for different types of people, including those looking for policies with lower limits, those with an accident, those with bad credit, and teenage drivers. Geico offers cheaper car insurance quotes than Liberty Mutual, along with a superior customer service experience.
For example, one company might have the cheapest auto insurance quote for a 35-year-old man living in Georgia, while another may offer a better rate for a 53-year-old woman living in California. And with more than 15 car insurance discounts available, Geico offers more ways to save on your car insurance than State Farm, Progressive, or Allstate. In particular, Geico receives fewer customer complaints than Liberty Mutual, according to the National Association of Insurance Commissioners (NAIC). Among the four largest insurers, Geico has the most features in its applications, with Allstate ranking second.
State Farm, Geico, Allstate, Progressive and Farmers offer policyholders and buyers the opportunity to enroll in usage-based or telematic management programs. Drivers who have been involved in an at-fault accident will find that Geico's rates are particularly low. Geico has consistently ranked on NerdWallet's list of the best car insurance companies and has the cheapest rates on average for good drivers among the largest insurers in the country. Similarly, the cost of insurance for a driver with a previous accident is 46% cheaper with State Farm than with Progressive.