GEICO is the second-largest auto insurer in the U.S. by market share and is a popular choice for responsible drivers due to its low rates, loyalty discounts, and robust mobile app. But just because the GEICO gecko claims that the company can save you money on auto insurance doesn’t necessarily mean that GEICO will provide the lowest rates for you.

Even if you were happy with your premium when you signed up for your GEICO policy, a new accident on your record could raise your rates significantly, or you may have other reasons for wanting to switch. 

If you’re looking for an alternative to GEICO, there are many other top insurance providers that can provide similar coverage, possibly at a lower price. The easiest way to ensure you’re getting the best deal on your auto insurance premium is to use Insurify to compare customized quotes from multiple insurance companies.

You’ll just need to answer a few questions to get started, and our artificial intelligence technology will rank insurers based on the lowest premium. This allows you to toggle between coverage limits and deductible amounts until you find a policy that fits your budget. 

 

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The Pros and Cons of GEICO Car Insurance (And Why You Might Want to Switch Insurers)

There’s a lot to love about GEICO beyond just the well-known talking gecko in the company’s advertisements. GEICO offers some of the cheapest rates around for drivers with a clean record. For example, a 21-year-old woman driving a 2010 Honda Civic 4DX in Texas would pay just $105 per month for insurance coverage, according to Insurify estimates. 

However, an at-fault accident or DUI can drive up GEICO’s premiums more so than with other insurers. If you have a bad driving record or bad credit and are searching for the cheapest car insurance, you may want to use Insurify to compare rates from other insurers since you likely won’t get the best rate from GEICO. 

Pros Cons
  • 16 available insurance discounts
  • Low rates for drivers with a clean record
  • Award-winning customer satisfaction in select regions, according to J.D. Power
  • A++ financial strength rating from A.M. Best
  • Few complaints with the NAIC for private passenger auto insurance
  • Robust mobile app and online policy management
  • 24/7 customer service
  • Add-ons like roadside assistance and accident forgiveness
  • Claims satisfaction is slightly below average, according to J.D. Power
  • High premiums for drivers with accidents or DUIs on their records
  • Bad credit heavily affects premiums
  • Does not offer GAP insurance
  • Can be difficult to reach an agent
  • Telematics only available in select states

With GEICO, you’ll be able to get a discount on your car insurance premiums if you bundle your auto policy with your renters or homeowners insurance, and there are loyalty discounts, equipment discounts, and driver’s education discounts as well. GEICO also has great financial strength ratings and a lower-than-average complaint index with the NAIC. 

GEICO is ideal for policyholders who are comfortable transacting online since it can be difficult to reach an agent. That said, you can manage your policy online or from the mobile app, and 24/7 customer service is available. 

Best GEICO Car Insurance Alternatives and Competitors

Whether you’re unhappy with your premium or had a negative experience with GEICO’s customer service, you might be ready to explore alternative coverage options and find car insurance cheaper than GEICO. The easiest way to save money on your car insurance rates is to use Insurify to compare customized quotes from different insurers. Once you’ve identified the companies that offer the best pricing, you can check out our composite scores and read our reviews of some of GEICO’s competitors to choose the best option for you.

1. Liberty Mutual

Best Car Insurance Company for Safe Driver Telematics Discounts

With Liberty Mutual’s RightTrack, you could save up to 30 percent for safe driving behavior. You’ll use a telematics device to report braking, acceleration, mileage data, and more to Liberty Mutual, which the insurer will use to reduce your rate. The data they receive won’t raise your rates, so you’ve got nothing to lose and will even get a discount just for signing up. Liberty Mutual also offers a plethora of other discounts, including a multi-policy discount when you bundle multiple insurance products. 

But even with these discounts, coverage from Liberty Mutual can be pricey. Insurify data from hundreds of thousands of customers show that the average monthly premium is $245. However, you may be able to get coverage for less than that. A sample quote for a 30-year-old woman driving a 2010 Honda Civic 4DX in Texas showed a rate of just $152 per month, for example. 

In addition to high rates, Liberty Mutual has a high number of complaints with the NAIC for a company of its size and below-average customer satisfaction ratings in J.D. Power’s 2020 U.S. Auto Claims Satisfaction Study. As such, Liberty Mutual has the lowest composite score from Insurify of these top three GEICO competitors. 

2. Clearcover Inc.

Best Car Insurance Company for Mobile Policy Management

Rather than offering discounts, Clearcover bakes them into the price so you can get a low rate for your policy. In fact, we found the average monthly premium to be just $127. While not yet rated by J.D. Power, Clearcover has outstanding customer service reviews relative to the rest of the insurance industry on third-party websites and doesn’t have a single private passenger auto complaint with the NAIC. It also has an award-winning app that makes Clearcover an ideal insurer for those accustomed to transacting on their smartphones. You’ll be able to file a claim, pay your bill, and view your insurance cards from your phone at any time. 

Because of Clearcover’s low rates, excellent customer reviews, and award-winning mobile app, the insurer earned an Insurify composite score of 97, the highest of the GEICO competitors we compared. However, bear in mind that Clearcover only offers auto insurance in 12 states and doesn’t offer other insurance products for bundling. 

3. Nationwide 

Best Car Insurance Company for Drivers with Poor Credit

Because Nationwide weighs your credit score less heavily than other insurers when determining your premium, you may find that it offers you the lowest premium if you have bad credit. However, you should still use Insurify to check your rates and make sure Nationwide is the best deal for you since the average monthly premium is $227. But some drivers may get a lower rate: our quote for a 30-year-old woman driving a 2010 Honda Civic 4DX in Illinois was $140 per month. Like Liberty Mutual, Nationwide has plenty of available discounts, including telematics discounts for safe driving and low mileage, though those programs aren’t available in all states. 

With great financial strength ratings, above-average claims satisfaction, and about the average number of complaints with the NAIC for a company of its size, Nationwide earned an Insurify composite score of 89, beating out both GEICO and Liberty Mutual. 

Here’s how these three insurance providers compare, using proprietary Insurify data from millions of driver quotes to determine each company’s average monthly premium cost:

Insurer A.M. Best Rating J.D. Power Claims Satisfaction Insurify Score NAIC Complaint Index* Discounts Average Monthly Cost
Liberty Mutual A Below average 82 2.8 Homeowner, student, safety device, safe driver telematics, accident- and violation-free, full-payment, multi-policy, multi-vehicle, and more $245
Clearcover Inc. A- N/A 97 0 Military discounts $127
Nationwide A+ Above average 89 1.04 Multi-policy, safe driver, low-mileage, good student, accident-free, anti-theft, telematics, defensive driving $227

*A complaint index greater than 1.00 indicates a higher-than-average number of complaints considering the size of the company.

GEICO Competitors: Average Monthly Cost

Honorable Mentions

1. Progressive 

Older drivers with clean records may find cheap premiums from Progressive. For example, our quote for a 70-year-old woman driving a 2010 Honda Civic 4DX in Texas was just $66 per month. In addition, Progressive has superior financial strength ratings and offers plenty of discounts. However, customer service reviews are mixed. Progressive earned a composite score of 80 from Insurify. 

2. State Farm

A car insurance quote for a 42-year-old woman driving a 2010 Honda Civic 4DX in Illinois was $116 per month at State Farm. State Farm’s discounts are not as steep as some other companies, but they do offer a discount based on safe driving behavior assessed via your smartphone. 

State Farm has an A++ financial strength rating from A.M. Best, an above-average claims satisfaction rating from J.D. Power, and a low complaint index with the NAIC. However, high-risk drivers are unlikely to get the lowest rates from State Farm. State Farm earned an Insurify composite score of 83. 

3. Allstate 

Allstate has superior financial strength ratings, above-average claims satisfaction, and about an average number of complaints with the NAIC. A quote for a 42-year-old woman driving a 2010 Honda Civic 4DX in Texas was $160 per month through Allstate, but rates will vary based on the coverage you choose and individual factors, such as your age, gender, and credit score. 

Allstate offers plenty of discounts, including a multi-policy discount and two telematics programs, one for low mileage drivers and one for safe drivers. These programs aren’t available everywhere, however. Allstate earned an Insurify composite score of 85. 

How to Cancel Your GEICO Insurance Plan

If you’re ready to switch insurance companies, you’ll need to secure a new policy before canceling your GEICO one. You can cancel your GEICO policy in a few simple steps: 

  1. Check your renewal date since the easiest time to cancel will be right before your policy renews.
  2. Choose a new policy using Insurify to compare premiums and coverage options.
  3. If you’ve been happy with the service from GEICO, negotiate a lower rate with the company based on what competitors were able to offer you.
  4. If you’d prefer to switch, sign up for your new insurance policy.
  5. Call GEICO at 1 (800) 841-1587, and let the agent know you’d like to cancel your policy. You’ll need to do this even if you’re close to your renewal date since most policies renew automatically. 
  6. If you are due a refund, set a date to follow up if you haven’t yet received reimbursement.

Conclusion: Tips to Save on Your New Car Insurance Policy with Insurify

Whether you’re switching from GEICO to another insurer or just exploring coverage options and rates, there are several ways you can save on your new car insurance policy:

  • Compare rates: You can save an average of $489 just by pulling personalized quotes with Insurify
  • Bundle your policies: You can often save up to 25 percent just by purchasing multiple policies from the same insurer. 
  • Check for discounts: You might be eligible for student discounts, safety device discounts, payment discounts, and more. You might also save by taking a safety course, which is usually well worth the time. 
  • Make use of telematics: Check to see if any of the insurers you are interested in offer discounts or cash back for safe driving or low mileage. These can typically save you a decent chunk of change. However, you should make sure your rates won’t go up from using these programs. 
  • Opt for state minimum coverage: It’s generally wise to have comprehensive and collision coverage on most vehicles. But if you can’t afford it and need a lower premium, you can start by purchasing just the state minimum coverage, which usually includes low limits for bodily injury and property damage liability coverage. Skipping uninsured motorist coverage and roadside assistance will also save you money. 
  • Choose a higher deductible: A higher deductible means lower premiums and vice versa. By choosing a higher deductible, you’re sharing some of the risk with the insurer, so you’ll pay less for collision and comprehensive coverage. Just make sure you have enough stashed away in an emergency fund to cover any out-of-pocket costs. 

The best way to compare your coverage options and find the cheapest premium for you is to use Insurify to compare quotes from multiple insurance companies. Insurify will automatically factor in some of the discounts you may be eligible for. You’ll also be able to toggle between coverage levels and deductible amounts, so you can find a policy that fits your budget. 

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Top GEICO Competitors: Quick Questions

How can I find car insurance cheaper than GEICO?

GEICO is known for providing some of the lowest rates for drivers with clean records, but it may not be the cheapest insurance provider for you. Car insurance premiums are based on several individual factors, including your age, gender, driving history, and credit score. If you’re not happy with your GEICO premium, you can use Insurify to get customized quotes from other insurers and easily identify the cheapest deal in car insurance.

What are the top alternatives to GEICO car insurance?

The top five insurance companies by market share are State Farm, GEICO, Progressive, Allstate, and USAA. But size isn’t the only factor to consider, and neither is price. You’ll also want to assess each company’s financial strength and customer satisfaction. An easy way to do that is to check Insurify's composite scores, which combine reviews and ratings from multiple sources. Our top picks for insurance companies based on these variables are: Country Financial, Clearcover, Amica Mutual, Esurance, and The Hartford.

What’s the best way to compare car insurance quotes?

It can be difficult to compare car insurance quotes without the right tools—you’ll have to answer endless questionnaires on insurance company websites, organize the info in a spreadsheet, and spend hours comparing all the factors. The best way to streamline this process is to use an insurance comparison website like Insurify, which uses artificial intelligence technology to quickly find you the best deal. Just answer a few questions to see the cheapest premiums from providers in your area.

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Updated April 14, 2021

Lindsay Frankel is a Denver-based personal finance writer for Insurify. Her work has been featured in publications such as LendingTree and FinanceBuzz. When she's not writing, you can find her enjoying the great outdoors with her rescue pup, playing music, or listening to audiobooks.