Allstate vs. GEICO: Which Is the Best? (2024)

If you’re shopping for the most affordable auto insurance coverage, GEICO’s slightly cheaper premiums give it an edge over Allstate.

Stephanie Colestock
Stephanie Colestock

Stephanie is a DC-based freelance writer specializing in personal finance. Her work covers insurance, loans, real estate investing, retirement, and more.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Konstantin Halachev
Data reviewed byKonstantin Halachev
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Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Updated June 20, 2024

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Allstate and GEICO are two of the top auto insurance companies in the United States, both holding a large market share.[1] Both offer standard coverage options in all 50 states and Washington, D.C., as well as optional coverages and discounts for customers.

Allstate and GEICO hold high financial strength ratings with AM Best and lower-than-expected complaint index scores with the National Association of Insurance Commissioners (NAIC). Where these companies differ are their average rates; GEICO has cheaper rates than Allstate across the board.

You should consider auto insurance rates and factors like customer service, ratings, and available discounts when shopping for the best policy. Here’s a closer look at how GEICO and Allstate compare.

Quick Facts
  • The average cost of liability coverage is $55 per month through GEICO and $63 per month through Allstate.

  • Allstate edges GEICO out slightly when it comes to consumer satisfaction ratings.

  • GEICO doesn’t offer rideshare or gap insurance, but Allstate does.

Allstate vs. GEICO: The verdict

Allstate and GEICO are top-five auto insurance companies covering a significant portion of the auto insurance market in the United States. Both auto insurers have a great selection of coverage options, add-ons, and discounts to choose from. They both also offer telematics apps for additional savings.

GEICO offers lower average auto insurance premiums than Allstate, both overall and in specific driver categories, making it the better option for drivers who want the most competitive rates. GEICO also has a higher financial strength rating and boasts a greater market share in the U.S.

FactorAllstateGEICO
IQ Score8.99.0
J.D. Power customer satisfaction score814 out of 1,000818 out of 1,000
Average quote: liability only$63$55
Number of discounts1416
Number of states where it operates5050
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1-to-5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Allstate

Allstate has the fourth-largest auto insurance market share in the U.S., as well as above-average industry ratings from J.D. Power and an A+ financial strength rating from AM Best.[1]

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$63/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$138/mo

Founded by Sears department store executives in 1931, Allstate offers auto, home, motorcycle, ATV, renters, condo, and term life insurance. Operating in all 50 states, the company has superior ratings from A.M. Best for financial strength and credit. However, Allstate has many negative reviews on consumer websites, and a slightly higher-than-average complaint rating in the National Association of Insurance Commissioners Consumer Complaint Index. Allstate offers many discounts, including for good students, multiple policies, bundling auto and home insurance, new vehicles, safe driving, and good payment history.

Pros
  • Well-established with superior ratings from A.M. Best

  • Pay-per-mile option available

Cons
  • Low customer satisfaction

  • Rates are merely average compared to other insurers

Read our Allstate review
Gerald - June 20, 2024
Verified

It was Great

I would recommend it to a friend.

Alex - June 20, 2024
Verified

Pay Your Own Property Damage

My claim was rejected because the offender lied and said he was not at the site of a hit and run while my car was parked at a mall parking area. I came out of the mall and saw a card on my windshield with a note that said, 'he hit your car'. There was a description of the car and license plate. I reported it and it took about three weeks before I was told they couldn’t find him. Then a couple weeks later they said he denied the claim and I should take it up with his insurance. He said to me he was never at the mall. I got stuck with the bill if I put a company to work on the repair of $565.00, of which Allstate would pay $65.00.

Thomas - June 19, 2024
Verified

Misrepresentation by Allstate

They misrepresented how their safe driver program works. The broker insisted that they could match other quotes and claimed that my monthly rate could even go below the $145-$150 monthly premium that I was quoted. Surprisingly, it never even got close to that and I ended up paying nearly $300 a month. This was unsustainable and they dropped me suddenly without notice. Now, there is a lapse in my coverage and it is an issue since I don't qualify for this discount. Insurance companies can be challenging to deal with. When one is at his most vulnerable, they can seem to prioritize their profits or refuse to assist based on minor technicalities.

GEICO

GEICO currently holds the second-highest spot in terms of auto insurance market share and boasts the highest-possible financial strength rating from AM Best: A++.

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$121/mo

A highly recognizable name in car insurance, GEICO is a subsidiary of Berkshire Hathaway. The company started out as the Government Employees Insurance Company, serving U.S. government workers and military personnel. In addition to auto insurance, GEICO also sells homeowner, flood insurance, life insurance, business insurance, and identity protection, among other products. A.M. Best gives GEICO its highest rating for financial stability and credit. However, GEICO has nearly twice as many complaints as expected in the National Association of Insurance Commissioner’s Consumer Complaints Index.

Pros
  • Good rates for good drivers, seniors, and young drivers

  • Accident forgiveness available

Cons
  • High rates for drivers with certain violations, like DUIs

  • No rideshare or new car replacement coverage available

Read our GEICO review
Solomon - June 20, 2024
Verified

Educated Consumer

It's a good company; however, search other companies for a cheaper cost.

Gloria - June 20, 2024
Verified

Expensive

It's a good insurance, just expensive for me at this time.

George - June 20, 2024
Verified

Been with them for 22 years and no one has yet beaten their price for me

Check with other companies first. One of the best things they offer is a monthly policy term.

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Allstate Drivewise vs. GEICO DriveEasy

Allstate and GEICO offer optional telematics programs for drivers who want to save even more on their premiums. These programs use smartphone apps to log trips, identify driver habits, and even detect crashes. People who demonstrate safe driving habits can qualify for discounts on their policy, though neither insurance company specifies how much you can save.

Allstate’s Drivewise program tracks driver speed, braking events, mobile phone usage, and what times of day drivers are on the road to determine how much risk a driver poses. The less risky the behavior, the greater the savings. Good drivers can also qualify for additional safe driver performance rewards every six months.

GEICO’s DriveEasy program is also app-based and tracks many of the same data points: how often you use your phone behind the wheel, how fast you drive, whether you brake quickly, and even how fast you take turns. The better your driving habits, the better your driver score and greater your discounts.

Allstate vs. GEICO: Which is the cheapest?

On average, auto insurance through GEICO is cheaper than Allstate. The average GEICO premium is $55 per month for liability-only coverage and $121 per month for full coverage, while Allstate averages $63 per month and $138 per month for liability and full coverage, respectively.

But premiums vary among drivers depending on factors like age, driving record, coverage level, and even ZIP codes. While these are Allstate’s and GEICO’s average rates, your quoted premiums may be different, which is why you should always shop around and compare quotes.

GEICO: Cheapest for drivers with a clean driving record

For the average driver with a clean driving record — which means no at-fault car accidents, driving under the influence (DUI) convictions, or speeding tickets — GEICO offers cheaper auto insurance coverage than Allstate.

Driver TypeAllstateGEICO
Clean driving record$63$55
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for drivers with a speeding ticket

For drivers with a speeding ticket on their record, GEICO offers more affordable liability coverage than Allstate.

Driver TypeAllstateGEICO
Drivers with a speeding ticket$73$64
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for teen drivers

Insurance companies view young and teen drivers as high-risk drivers, so they charge them higher premiums. But GEICO charges cheaper monthly premiums for teen drivers than Allstate.

Driver TypeAllstateGEICO
18-year-old$108$75
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for drivers with bad credit

Many drivers may be surprised to learn that their credit history can affect their auto insurance premiums. While GEICO is still the more affordable option for drivers with bad credit, Allstate is close behind.

Driver TypeAllstateGEICO
Drivers with bad credit$76$62
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

GEICO: Cheapest for senior drivers

Senior drivers may see slight increases in their car insurance rates when they hit their 70s because age-related health issues can affect their driving capabilities. However, senior drivers still pay relatively affordable premiums on average. Between Allstate and GEICO, GEICO is the cheaper auto insurer for senior drivers.

Driver TypeAllstateGEICO
Senior drivers$49$42
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Compare coverages: Allstate vs. GEICO

Both Allstate and GEICO offer auto insurance policies with typical coverage options, including liability, comprehensive, collision, uninsured/underinsured motorist, medical payments (MedPay), and personal injury protection (PIP) coverage.

Many insurers offer additional coverage options that can provide more protection to drivers on the road. Below are optional coverages that Allstate and GEICO offer.

CoverageAllstateGEICO
Gap insuranceYesNo
Roadside assistanceYesYes
Rental car reimbursementYesYes
Rideshare insuranceYesNo
Pet injury insuranceNoNo
Mechanical breakdown insuranceNoYes

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Compare discounts: Allstate vs. GEICO

Different car insurance discounts are available from both insurance companies, which can help you save money on your monthly premiums. Allstate and GEICO have a variety of discounts to choose from depending on your policy needs and personal factors, although GEICO offers a few more than Allstate.

Neither offers discounts to drivers with low annual mileage or an alternative-fuel vehicle. Both have discounts for bundling multiple vehicles or policies, enrolling in auto pay, or having certain features on your car, though. Here’s how Allstate and GEICO discounts compare.

DiscountAllstateGEICO
Clean driving recordYesYes
Defensive driving courseYesYes
Multi-policyYesYes
Multi-carYesYes
Low mileageNoNo
Telematics (safe driving mobile app)YesYes
Anti-theft deviceYesYes
New carNoYes
Military/affiliationNoYes
Good studentYesYes
LoyaltyYesYes
Auto payYesYes
Student away at schoolYesYes
HomeownerYesNo
Alternative fuelNoNo

Allstate vs. GEICO FAQs

Still wondering how auto insurance from Allstate and GEICO compare? Here are answers to some of the most frequently asked questions about these two companies.

  • Is Allstate more expensive than GEICO?

    On average, Allstate’s auto insurance coverage is slightly more expensive than GEICO’s, based on Insurify data. The average cost of insurance through Allstate is $63 per month for liability insurance and $138 per month for full coverage. The average GEICO premium is $55 per month for liability-only coverage and $121 per month for full coverage.

  • How good is Allstate at paying claims?

    In 2023, AM Best affirmed Allstate’s financial strength rating of A+ (Superior), indicating that it’s able to pay out future claims.[2] Additionally, J.D. Power gave Allstate a score of 889 out of 1,000 points in its 2022 U.S. Auto Claims Satisfaction Study.[3] These ratings suggest Allstate is good at paying out claims.

  • What are the main differences between Allstate’s and GEICO’s car insurance policies?

    GEICO and Allstate are very similar insurers offering many of the same coverages. However, Allstate offers rideshare and gap insurance coverages, and GEICO doesn’t.

  • Is Allstate or GEICO better for car insurance?

    The best car insurance company is the one that best meets your needs and budget. But Allstate does have a few coverages that GEICO doesn’t offer, while GEICO has higher financial strength ratings and lower average rates.

Sources

  1. NAIC. "2022 Property and Casualty Market Share."
  2. AM Best. "AM Best Takes Various Credit Rating Actions on The Allstate Corporation and Its Key Subsidiaries."
  3. J.D. Power. "2022 U.S. Auto Claims Satisfaction Study."
Stephanie Colestock
Stephanie Colestock

Stephanie is a DC-based freelance writer. She primarily covers personal finance topics such as insurance, loans, real estate investing, and retirement. Her work can be found on CBS, FOX Business, MSN, Yahoo! Finance, Business Insider, and more. When she isn't helping people plan for their financial futures, she is traveling, hiking with her kids, or writing for her own website, TomorrowsDollar.com. She can be reached on Twitter @stephcolestock

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

Featured in

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Konstantin Halachev
Data reviewed byKonstantin HalachevVP of Engineering & Data Science
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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