We compared a variety of GEICO and Progressive insurance products and found that Progressive is the best company in most categories. Progressive has more coverage options and more discounts overall. However, many consumers will find that GEICO policies are cheaper, although coverage is limited. Using auto insurance rates across the country, ValuePenguin compared the cost of coverage from State Farm, Allstate, Geico, Progressive and Farmers.
While Farmers has the most ways to update an auto insurance policy, users who finance their vehicles may find that the provisional insurance offered by Progressive offers more comprehensive coverage. However, Progressive offers term insurance, which protects you if your car is damaged before the lease or car loan is canceled. Next, ValuePenguin compares the cost of car insurance from State Farm, Geico, Allstate, Progressive and Farmers for different types of people, including those looking for policies with lower limits, those who have an accident, those with bad credit, and teenage drivers. GEICO typically offers cheaper car insurance policies than Progressive, making it a great option for customers on a budget.
Allstate quoted rates for drivers with bad credit, only 19% higher than those in Progressive, while the cost of car insurance for young drivers is only 9% more expensive in Allstate. However, GEICO only allows online and mobile claims for auto, home and renters insurance claims, and Progressive only supports online and mobile claims for auto insurance. While both insurers offer rental vehicle reimbursements, roadside assistance and accident forgiveness, Progressive offers coverage that fits a wider range of drivers.