Are you having a hard time getting auto insurance at an affordable price? If so, we’ll make it easier on you by comparing two awesome companies. One of the most important car insurance comparisons is GEICO Vs Allstate. Just a few years ago GEICO passed Allstate and became the second largest auto insurance company in the United States.
Both companies have been neck and neck for years seeking to dethrone State Farm, which is the largest auto insurer in the U.S.
In this article, we will be reviewing claims, price, discounts, and more to help you to make the best insurance decision. I encourage you to compare quotes today to receive the best insurance price and save on auto insurance.
Car insurance rates comparison
On average GEICO gives the cheapest insurance rates in the U.S. There are very few companies that can compete with GEICO in monthly car insurance rates. However, Allstate does offer more discounts that you may be able to qualify for. The states that benefit most from using GEICO are Alaska, Maine, Vermont. The states that benefit most from using Allstate are Virginia, Nebraska, Alabama. It is important that you compare rates to find the company that offers the best insurance prices in your area.
Auto insurance claims comparison
GEICO is 3 slots higher than Allstate in the latest J.D. Power Auto Claims Satisfaction Study. GEICO even rated higher than State Farm, which is the largest insurance provider in the U.S. In Overall Satisfaction GEICO received 4 out of 5 Power Circles, while Allstate received 3 out of 5 Power Circles.
In the initial claims process GEICO received 4 out of 5 Power Circles while Allstate received 3 out of 5 Power Circles. In the claim servicing process, which rates the insurer representative handling the claim, GEICO received 4 out of 5 Power Circles and once again Allstate received 3 out of 5 Power Circles. In the estimation process of the study both insurance providers received 4 out of 5 Power Circles.
In the repair process Allstate beat out GEICO with 4 out of 5 Power Circles while GEICO received 3 out of 5 power Circles. This was the only category that Allstate ranked higher than GEICO. In the rental experience and settlement process GEICO beat out Allstate with 4 out of 5 Power Circles. Using the J.D. Power Claims Study, we can conclude that on average GEICO offers a slightly better claims experience. In the home insurance study, Allstate was one of the top companies according to J.D. Power.
Financial strength comparison – The financial strength rating of your insurance company is important. Financial strength allows us to know if our insurance provider has the funds to pay future insurance claims. When a company does not have a high financial strength rating, going through claims might be a dreadful experience.
Allstate rated high with the top rating companies. A.M best gives us a good indication on how a company is doing financially. Allstate received an “A+” from A.M Best. STANDARD & POOR’S gave Allstate an “AA-” grade, which was fourth highest of 22 categories. Moody’s Investors Service gave Allstate an “Aa3” rating.
GEICO is one of the highest rated insurance companies when it comes to financial strength. With over $30 billion in assets, it is safe to say that GEICO can be trusted to pay your insurance claims. GEICO received an “A++” From A.M. Best. From Standard and Poor’s GEICO received an “AA+” rating. Berkshire Hathaway holds an Aa2 rating from Moody’s.
Discount comparison
Allstate discount and features
New Car Discounts– Did you just buy a new Toyota, Honda, Ford, BMW, etc. If so congratulations. It feels good to get a new ride. The benefits of buying a new ride extend to your car insurance. If you have a car that is no more than one years old, then you can easily save on auto insurance with Allstate’s new car discount. This Allstate discount allows you to save up to 15% on your policy.
Multiple Policy Discounts – Bundling auto and home insurance policies can save you big. Get up to 10% off auto and 25% off home premiums.
Save 25% on Cellcontrol – Cellcontrol helps to keep your family safe. Some of the features of Cellcontrol include disables texting while driving, supports handsfree technology, vehicle motion activated, enforceable – tamper resistant, simple setup, location & speed alerts, more.
Accident Forgiveness – Even the top drivers get into car accidents. Accident forgiveness gives drivers a peace of mind. With accident forgiveness, your rates will not increase after an auto accident.
Safe Driving Bonus – Receive a safe driving bonus check with Allstate every 6 months that you are accident free.
Drivewise – Drivewise is an additional program that allows Allstate customers to get rewarded for their safe driving. The Drivewise device easily plugs into your car’s onboard diagnostic port. The Drivewise device will track your driving habits so you can rack up points to redeem later. Just by signing up you will receive points.
GEICO discounts and features
Vehicle Equipment – Air Bags, Anti-Lock Brake System, Anti-Theft Systems, and Daytime Running Lights can result in a discount with GEICO.
Accident-Free Good Driver – If you have not been in an auto accident in 5 years you will be glad to know that GEICO offers one of the best good driver discounts in the insurance industry. With GEICO, you can end up saving 26% on most coverages with a clean driving record.
Eagle Discount – Active or retired federal employees can get a discount of up to 8% on their auto insurance premium.
Multi-Car – Do you need Insurance for two cars or more? With GEICO, you may be eligible for a discount of up to 25% on your insurance policy when you insure multiple vehicles.
Good student – Doing well in school helps you in every aspect of life. It helps you to receive a good job, it helps when making friends, and it even helps you when it’s time to insure your vehicle. With GEICO A or B full-time students may be eligible for up to a 15% discount on certain coverages.
Military discount – Active or retired military personnel can save up to 15% on their car insurance premium with GEICO.
Mobile app comparison
GEICO offers an award-winning app that is packed with helpful insurance features. Some of the features that you will be able to benefit from are accident assistance features, digital ID cards, gas finder, report and track a claim, pay a bill, virtual assistance that is similar to Apple’s Siri, Vehicle Care which helps to keep you alert, and more.
The quick and easy to use Allstate mobile app is also packed with various insurance features. Some of the features that you will receive are instant agent access, digital ID cards, Drivewise, QuickFoto Claim, parking locator, preference management, and more.
Roadside assistance comparison
Allstate
Allstate offers 3 ways to get roadside assistance coverage. The first way to receive roadside assistance coverage is to join the Allstate Motor Club for less than $5 a month. You can also use their Pay-Per-Use services. You do not have to be an Allstate customer to use this service. Directly from the Good Hands Rescue app you can get emergency roadside assistance. You will only pay when your roadside assistance needs have been handled. Your last option is to add roadside assistance coverage. Allstate’s roadside assistance covers towing, tire changes, jump-starts, lockouts, and fuel delivery (you pay for the fuel).
GEICO
You can get roadside assistance with GEICO for as little as $14 a year per car. Requests are answered in around 2 minutes. GEICO’s emergency roadside assistance covers jump starts for dead car batteries, labor to change a flat tire, towing (not accident related), and lockout services (up to $100).
Which company is better?
Both companies have their perks. However, on average GEICO offers cheaper insurance quotes and has a better handling of customer complaints. I strongly recommend comparing quotes now which can help you save over 30% on auto insurance.