You need the best auto insurance at the right price. Let’s compare GEICO Vs Progressive auto insurance. These companies are well-known for their amazing catchy commercials.
However, they offer more than great commercials, they provide their customers with great insurance coverages. Below we are going to compare features, discounts, insurance rates, claims, and more. The wisest thing to do when choosing the right insurance company is to compare so I strongly recommend that you compare rates today!
Let’s learn about both companies.
The Progressive Corporation is a large auto insurance company that was founded on March 10, 1937 by Joseph Lewis and Jack Green. Progressive auto insurance found its niche insuring more risky drivers in 1956. In 2016 alone Progressive made $23.44 billion in revenue.
The Government Employees Insurance Company also known as GEICO was founded in 1936. What makes GEICO such a remarkable story is that GEICO started in the midst of the Great Depression by a husband and wife duo. The confidence of Leo and Lillian Goodwin in such dark times grew into a huge success story.
Auto insurance rates comparison
While comparing the prices between Progressive and GEICO for full coverage auto insurance GEICO came out on top. Progressive offered better rates than State Farm, Esurance, Farmers, and many other companies, but once again it was no match for GEICO and their competitive pricing.
Progressive
We measured the same variables for the same vehicle. The quote included comprehensive, collision, and rental and I was able to receive a quote for $261. With Progressive and other car insurance companies you will save $100+ on your car insurance when you pay in full instead of monthly for car insurance.
What I love about Progressive is that Progressive has an awesome Name Your Price Tool. With this tool you are able to tell them what you want to pay. Progressive will show you a range of car insurance coverage options to help you to fit your budget.
GEICO
GEICO saves you money right from the start by applying the discounts that you are eligible for. With GEICO I was able to receive a full discount for being a good driver and I received a quote for $180 a month. GEICO gives the best insurance quotes. I encourage you to get a quote today to compare prices.
Car insurance discounts
Progressive discount and features.
Bundling auto & property – With Progressive you can save 5% off your auto insurance by combining different insurance types such as auto and renters insurance.
Snapshot – Good drivers save on average $130 with Progressive’s Snapshot discount. Instead of paying the traditional way, with Snapshot you will pay based on how well and how much you drive.
All that you have to do is drive safe and you can end up saving $100+. All that you have to do is get a quote. Then, choose either the Snapshot mobile app or plug-in device. The next step is to drive. Drive with Snapshot for your first policy period and check your progress with their app or their plug-in device.
Continuous insurance – If you had car insurance without any cancellations or gaps in your insurance service, then you could be saving money on auto insurance. Your length of consistency will factor into your discount.
Sign documents discount – All you have to do to receive this discount is sign your documents online after you buy your policy.
Minor child driver discount – When you add your newly licensed teen driver to your auto policy you will save money.
Safe driver – Those who have not had any accidents or tickets can save up to 31% with their safe driver discount.
GEICO discount and features
Military Discounts – Are you currently in the army or are you retired? If so, you could be saving money with GEICO today. GEICO offers special insurance discounts to service men and women. You can end up saving 15% on your insurance premium.
Vehicle equipment discount – With GEICO you can save more than 25% by having 1 or 2 airbags.
Driving History discount – If you have been a good driver for 5 years or more you can save a huge discount with GEICO’S Good Driver discount.
Seat Belt discount – All that you have to do is buckle up and you can save up to 15% on the medical payments or personal injury protection portion of your premium.
Good Student – If you are a 16 – 24 year old B average student, then you can save 15% on certain coverages.
Older driver’s discount – If you’re at least 50 years old, then you can take advantage of this discount today. To be eligible you must not have any violations or accidents in the past 3 years. Your vehicle must not be used for business purposes and you must have no operators under the age of 25.
Availability comparison
Progressive and GEICO are some of the biggest auto insurance companies in the world. One of the benefits of being a large insurance company is that they are available everywhere in the United States not only in populated areas.
This is great because you will not have any trouble with buying a policy and receiving discounts in your state. One great thing about Progressive is that they have expanded internationally and they now offer car insurance in Australia.
What I love about GEICO is that GEICO’s coverage in the United States extends north of the border. GEICO also offers auto insurance in overseas locations such as Belgium, Germany, Greece, Ireland, Italy, United Kingdom, and more.
Auto insurance claims
When you ask questions such as, “is progressive good,” there are so many variables to take in consideration. In 1990, Progressive introduced Immediate Response which is available 24/7 to provide customers with support at the accident scene. Progressive does well in the claims department. However, Progressive does not score higher than GEICO in the claims department. I also currently use GEICO and I can vouch for their great service.
In J.D. Power’s 2017 U.S. Auto Claims Satisfaction Study GEICO beat out Progressive in overall satisfaction. GEICO also beat out Progressive in claim servicing, the estimation process, the repair process, and in claim settlement. Both companies are fair in the claims department. You can’t go wrong with either, but there is no denying that GEICO has a far better customer satisfaction rating.
Also, when we compare the financial strength of both companies GEICO slightly beats out Progressive. A.M. Best is a well-known and respected independent analyst of the insurance industry.
GEICO received an A++ From A.M. Best, while Progressive received an A+ from A.M. Best. GEICO underwent Standard & Poor’s most rigorous review and received an AA+ financial strength rating. Progressive underwent the same review and received an AA rating.
Even though both companies have over $30 billion in total assets, it is clear that GEICO has a better financial rating. Having a good financial strength rating means that your insurance company is able to pay your claims. An insurance company with a mediocre financial strength rating might give you a hassle when it comes to handling claims.
Better mobile app
GEICO’s mobile app provides customers with a beautiful straightforward app. In the 2016 MobileWebAwards GEICO beat out Progressive with the best insurance mobile app. GEICO’s mobile app is hard to beat as it comes packed with convenient auto insurance support features such as Kate. Kate is just like the iPhone’s intelligent personal assistant Siri or Samsung’s personal assistant Bixby.
Progressive offers a solid app where you are able to view coverages, ID cards, and policy details. With your app you can easily get in touch with your agent and claims representatives. With the app you can find a service center where Progressive will manage your repairs.
Roadside assistance
Roadside assistance is important for an insurance company to have. You never know when you are going to run into problems and it is very important that you prepare beforehand for the worst situations. Both companies are similar in what their roadside assistance has to offer.
Progressive goes above and beyond.
- Progressive’s roadside assistance includes towing anywhere within a 15-mile radius.
- If your vehicle is trapped in mud, snow, water, or sand within 100 feet of road or highway, then you can use Progressive’s winching service.
- Progressive also offers an on-scene labor for up to one hour.
Roadside assistance gets easier with GEICO’s mobile app. It takes under 120 seconds for you to request help.
- GEICO’s roadside assistance offers towing up to 100 miles.
- GEICO offers lockout service with a limit up to $100.
- GEICO offers fuel delivery for their customers.
Which is better?
Progressive is an awesome company. You can receive a great quote with Progressive if you have good or OK credit. With that being said, GEICO is the clear winner. GEICO has better claim reports, more features, and better average prices. I strongly recommend that you get a quote from both companies today.