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Who has cheaper rates than Geico?

Pare down your car insurance premium while scoring savings for safety.

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You might recognize this top provider for low rates and a memorable mascot. Prices may not be as low with other providers, but some offer low-cost coverage with other benefits to give you the most bang for your buck. Consider the prices of other cheap providers’ coverage, including standard and optional protection you might need.

Pros

  • Low average annual rates
  • Accident forgiveness
  • Mechanical breakdown coverage
  • Up to 40% off with some discounts

Cons

  • Customer service mostly online
  • Few local agents
  • Many negative Better Business Bureau reviews

Which companies are similar to Geico?

Progressive

4.5 / 5 ★★★★★

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Both Progressive and Geico are top customer choices, each holding high market share. But Progressive stands out with a customer-first mindset, providing coverage and pricing tools that find the best coverage for your budget.
Pros
  • Top provider in the market
  • Steep safety discounts
  • Transparent pricing tools
  • Helpful add-ons like custom parts or pet injuries
Cons
  • Many BBB complaints
  • Higher rates than competitors
  • Six-month policies
Available statesAll states except CA MA ME NJ NY WA
Roadside assistanceOptional
Payment schedule12 months, 6 months
New car protection
Claims methodonline, phone
Accident forgivenessYes

Esurance

4.5 / 5 ★★★★★

Another provider comparable to Geico who offers top-notch online service, Esurance dips its premiums almost as low as Geico's average, and may go lower based on your specific driving factors. However, the company might not have the flexible pay schedule you need.
Pros
  • Competitive rates
  • Steep safety discounts
  • Helpful add-ons, like customized parts
  • Easy-to-use online tools and account management
Cons
  • Lacks personalized customer service
  • Hidden billing fees
  • Automatic payments required
Available statesAlabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin
Roadside assistance
Payment schedule12 months, monthly
New car protection
Claims methodOnline, Phone, In-person
Accident forgivenessNo

Auto-Owners

4 / 5 ★★★★★

Similar to Geico, this company has stellar coverage if you live inside its limited service area. Coverage options include reimbursement for food and lodging or a package with extra personal belongings coverage. Plus, find a long list of discounts to qualify for.
Pros
  • Wide coverage, like trip interruption or diminished car value
  • Local agents
  • Positive claims satisfaction
  • Steep safe driver rewards
Cons
  • Only available in 26 states
  • No online quotes
  • No online claims
Available statesAlabama, Arizona, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Wisconsin
Roadside assistance
Payment schedule12 months, custom
New car protection
Claims methodonline
Accident forgivenessYes

Who has cheaper insurance than Geico?

Geico typically has the cheapest car insurance among top national providers. But Progressive, USAA and Esurance can sometimes outdo Geico’s low rates.

Keep in mind that your premium depends on your driving record, car, location, age and coverage.

Get the best value for you by considering these cheap alternatives:

CompanyBenefitAverage
GeicoCheapest overall policies$115.91
USAABest value for military$116.58
EsuranceBest value for online policies$123.16
Kemper DirectBest value for policy packages$143.58
ProgressiveBest value for safe drivers$143.66

Which companies also have accident forgiveness?

As a benefit of your safety history, some providers won’t increase your premium after a mishap even when the accident is your fault. You typically qualify for accident forgiveness after three to five years without a claim.

Providers who offer accident forgiveness:

  • Allstate
  • Amica
  • Auto-Owners
  • Liberty Mutual
  • Nationwide
  • Progressive
  • Safeco
  • State Farm
  • The Hartford
  • Travelers

Compare car insurance like Geico

1 - 3 of 3
Product USFCI Gap insurance Homeowner discount Telematics Has an app? Available states
Varies by provider
Depends on provider
Varies by provider
No
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AutoQuoteCenter
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All 50 states & DC
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Bottom line

Geico has some of the cheapest policies around. But consider other low-cost car insurers to make sure you’re getting the value and coverage you need.

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Writer

Sarah George is Staff Writer for Small Business Loans at BankRate and formally a personal finance writer at Finder focusing on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and Reviews.com, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance. See full bio

Sarah's expertise
Sarah has written 116 Finder guides across topics including:
  • Car, motorcycle, home and life insurance
  • Insurance for specific car models
  • Analysis of industry reports
  • Insurance policy comparison

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