Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

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The Truth in a Nutshell

  • GEICO is ranked second in the top car insurance companies list.
  • Overall, GEICO car insurance rates are cheaper than Allstate car insurance rates.
  • Allstate Insurance carries more discounts than GEICO Insurance.
  • Allstate’s Better Business Bureau and NAIC Complaint Index rating are better than GEICO’s.

If you’ve looked ahead, you’re probably wondering why is car insurance so expensive at Allstate and GEICO? Allstate and GEICO are two of the top 10 car insurance companies in the United States.

Our Allstate vs. GEICO car insurance guide explains everything you need to know about affordable car insurance rates, coverage options, discounts, and third-party ratings at Allstate and GEICO.

Enter your ZIP code in the free comparison tool above to compare quotes from other companies.

For more information about Allstate vs. GEICO car insurance rates, continue reading the guide.

Allstate vs. GEICO Car Insurance: Which company is the cheapest?

When you compare two of the best companies, it’s essential to look at other factors that make them excellent service providers. Before we show you which company is the cheapest, let’s look at the matchup between Allstate and GEICO.

Allstate vs. GEICO Summary
SummaryAllstate Car Insurance StatsGEICO Car Insurance Stats
Year Founded19311936
Headquarters3075 Sanders Road Northbrook, IL 60062-71275260 Western Avenue Chevy Chase, MD 20815
Phone Number1-877-366-16071-800-207-7847
Available in how many states?All StatesAll States
Direct Premiums$23.8 Billion$35.2 Billion
Market Share9%14%
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GEICO’s market share is the second-highest in the auto insurance industry. Although Allstate has a smaller market share and earns less in premiums, it’s still a prominent member of the top 10 car insurance companies in the United States.

Which is cheapest by driving record?

The best method to saving money on auto insurance is to maintain a clean driving record. You can save hundreds of dollars per year when you avoid traffic violations and minimize claims.

How do Allstate and GEICO calculate car insurance rates by driving records? Let’s examine the monthly premiums below.

Allstate vs. GEICO Car Insurance Rates by Driving Records
Driving Record SummaryAllstate Monthly Car Insurance RatesGEICO Monthly Car Insurance Rates
Clean Driving Record$318$179
With One Speeding Violation$374$220
With One Accident$416$266
With One DUI$522$406
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Although clean driving records generate the cheapest car insurance costs, Allstate’s premiums are over $300 per month for drivers who have no violations or accidents. GEICO appears to be the better option.

Which is cheapest by credit score?

According to TransUnion, it’s in your best interest to pay off debts if you want more affordable auto insurance. Why? Car insurance companies correlate your credit score to risk.

In other words, auto insurance companies give discounts to drivers who have good credit. However, drivers with poor credit pay more per month because they have a higher chance to file claims.

So how much are you expected to spend at Allstate or GEICO per month based on credit score? Let’s see how both companies respond to credit scores.

Allstate vs. GEICO Car Insurance Rates by Credit Scores
Credit History SummaryAllstate Monthly Car Insurance RatesGEICO Monthly Car Insurance Rates
Good Credit (670-739)$322$203
Fair Credit Score (580-669)$382$249
Poor Credit Score (300-579)$541$355
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GEICO auto insurance rates, based on credit score, are over $100 less than Allstate’s car insurance costs for each credit level. If you want to save money, GEICO may be your best bet.

Which is the cheapest insurance by age?

Did you know younger drivers pay more for auto insurance? Drivers between the age of 16 and 24 are connected to costly car insurance rates.

How come? Teen and young adult drivers are prone to risk due to their driving experience. To offset the potential cost of claims, car insurance companies issue higher car insurance rates for young drivers.

Let’s review what Allstate and GEICO car insurance rates look like based on age.

Allstate vs. GEICO Car Insurance Rates by Age
Age of DriversAllstate Monthly Car Insurance RatesGEICO Monthly Car Insurance Rates
35-Year-Old Driver$262$192
60-Year-Old Driver$246$189
17-Year-Old Driver$830$497
25-Year-Old Driver$291$193
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If you want to add teen or young adult drivers to your policy, consider buying a GEICO auto insurance policy. Allstate car insurance rates are over $300 more for teen drivers.

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Allstate vs. GEICO Car Insurance Coverages

Now that you know some of the essentials to determining auto insurance, let’s talk about what your money could pay for when buying a policy. Reliable car insurance policies are often attached to several coverage options.

We happen to have a list of options that Allstate and GEICO provides. Let’s examine all the car insurance coverages below.

Comparing Allstate and GEICO Car Insurance Coverage Options
Allstate Car Insurance CoveragesGEICO Car Insurance Coverages
Collision coverageBodily Injury Liability
Comprehensive coverageProperty Damage Liability
Bodily Injury LiabilityMedical Payments coverage
Property Damage LiabilityUninsured & Underinsured Motorist coverage
Uninsured & Underinsured Motorist CoverageCollision
Rental Reimbursement CoverageComprehensive
Personal Umbrella PolicyEmergency Roadside Assistance
Personal Injury ProtectionMechanical Breakdown Insurance
Sound System InsuranceRental Car Reimbursement
Roadside Assistance
Classic Car Insurance
Travel Car Insurance to Mexico
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Allstate has more coverage options, explaining why some Allstate premiums are higher than GEICO’s auto insurance rates.

Allstate vs. GEICO Usage-Based Insurance

If you don’t care for a traditional policy, you can try Allstate Milewise or GEICO DriveEasy. These two programs are usage-based car insurance programs that issue rates based on how you drive and how many miles you drive.

How do Milewise and DriveEasy compare to each other? GEICO DriveEasy is a stand-alone mobile app. However, it has a 2.4-star rating in the Apple App Store and the Google Play Store.

Allstate Milewise, on the other hand, doesn’t have a stand-alone smartphone app in the United States, but it does have one in Canada. The general Allstate mobile app has a 4.8-star rating in the Apple App Store.

To access usage-based insurance services, you’ll need to create an Allstate login or GEICO login online. With your GEICO Insurance login or Allstate Insurance login, you can manage Allstate claims, GEICO quotes, and much more.

Allstate vs. GEICO Car Insurance: Who has more discounts?

Factors that determine auto insurance may produce expensive rates, but you can slash high costs with discounts. We found a list of Allstate and GEICO deals that you may be eligible for, but how much can you save? Let’s compare Allstate and GEICO auto insurance discounts.

Comparing Allstate and GEICO Car Insurance Discounts
Car Insurance DiscountsAllstate Car Insurance SavingsGEICO Car Insurance Savings
Accident Forgiveness30%N/A
Accident FreeN/ADepends on Your State
Anti-lock Brake10%5%
Anti-Theft Device10%25%
Daytime Running LightsN/A3%
DeductibleDepends on Your StateN/A
Defensive Driver20%Depends on Your State
Driving trainingDepends on Your StateDepends on Your State
Early Quote10%N/A
E-billing10%N/A
Emergency DeploymentN/A25%
EV/Hybrid10%N/A
FamilyDepends on Your StateN/A
Farm Vehicle10%N/A
Federal EmployeeN/A25%
Good Driver10%26%
Good Payer5%N/A
Good Student10%15%
Low Mileage10%N/A
MilitaryN/A15%
Multiple Policy10%Depends on Your State
Multiple Vehicle10%Depends on Your State
New Car15%N/A
OrganizationN/ADepends on Your State
Paid in full10%N/A
Paperless documentsDepends on Your StateN/A
Passive Restraint10%25%
Preferred payment5%N/A
Prepay10%N/A
Seat Belt UseN/A15%
Senior Adult5%Depends on Your State
Student Away at School5%N/A
teenSMART35%Depends on Your State
Utility VehicleDepends on Your StateN/A
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Allstate’s discounts outnumber GEICO’s discounts. If you qualify for enough discounts at Allstate, you can get rates just as cheap as GEICO. If you want to know how you can be eligible for some of these discounts, contact Allstate or GEICO customer service.

If you want a closer look at how to qualify for discounts at both companies, check out our GEICO Auto Insurance Discounts guide and Allstate Auto Insurance Discounts guide.

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Financial Strength and Credit Ratings

Before you buy Allstate or GEICO car insurance, take a few moments to examine financial strength and credit ratings.

Why are these ratings important? Financial strength and credit ratings reveal how well a company manages money and overall customer satisfaction. Let’s review the ratings below.

Allstate vs. GEICO Financial Strength and Credit Ratings
AgenciesAllstate RatingsGEICO Ratings
AM BestA+ (Excellent)A++ (Superior)
Better Business Bureau (Chicago, IL)A+B+
Moody'sA3 (Good)Aa3 (Excellent)
S&PAA- (Very Good)AA+ (Very Good)
NAIC Complaint Index0.411.14
J.D. Power - Power Circle RatingsAbout AverageAbout Average
Consumer Reports8889
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AM Best, Moody’s, and S&P are agencies that measure the financial strength of a company. Under these agencies, GEICO’s ratings are much better than Allstate’s ratings.

The BBB, NAIC, J.D. Power, and Consumer Reports monitor customer satisfaction. Overall, Allstate performs better with customers.

Allstate vs. GEICO Car Insurance: The Bottom Line

GEICO is a much cheaper auto insurance company with better financial strength ratings, but Allstate does better with consumers. You may be able to lower Allstate’s expensive rates if you can stack a few discounts.

Enter your ZIP code in the free online quote to find companies in your local area.