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.
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.
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
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++.
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.
On average, auto insurance through GEICO is cheaper than Allstate. The average GEICO premium is $97 per month for liability-only coverage and $136 per month for full coverage, while Allstate averages $71 per month and $134 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.
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.
For drivers with a speeding ticket on their record, GEICO offers more affordable liability coverage than Allstate.
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.
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.
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.
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.
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.
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.
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 $71 per month for liability insurance and $134 per month for full coverage. The average GEICO premium is $97 per month for liability-only coverage and $136 per month for full coverage.
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.
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.
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.
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