As you begin your search for a new insurer, you’ll come across several companies worth considering, including GEICO and Esurance.
GEICO is one of the largest companies in the industry.1 Esurance, which Allstate bought in 2011, no longer writes insurance policies. Instead, Allstate writes any policies you can purchase under the Esurance brand.
Both companies offer advantages and disadvantages. For example, GEICO tends to offer lower average rates than Esurance. But GEICO earned a customer satisfaction rating below the industry average — and below Allstate’s — in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study.2
If you’ve narrowed down your choices to these two companies, it’s critical to look at the details carefully. Comparing rates, customer service, coverage options, and discounts can help you find the best option for your situation.
GEICO offers lower average rates than Allstate, which writes the policies for Esurance. This is true for both liability-only and full-coverage policies. However, both Esurance and GEICO tend to offer rates below the national average.
If you’re looking for helpful add-ons, like gap insurance and rideshare insurance, you might prefer working with Esurance.
The table below illustrates how Esurance and GEICO stack up against each other.
Esurance, which is owned by Allstate, has a reputation for a seamless online car insurance experience. While Allstate tends to offer higher rates than GEICO, Allstate boasts an above-average claims satisfaction rating.
GEICO, owned by Berkshire Hathaway, is one of the largest insurance companies in the United States. While you can often find cheaper rates with GEICO, the company does have a below-average claims satisfaction rating.
Esurance’s DriveSense and GEICO’s DriveEasy programs both offer safe drivers an opportunity to earn a discount on their car insurance premiums.
GEICO’s DriveEasy program is a free option for GEICO drivers with a supported smartphone who live in a participating state. To get started, download the mobile app. The app tracks your driving behavior to create a driving score. Drive safely enough, and you could save up to 25% on your premium.
Esurance’s DriveSense program also offers a customized discount based on your driving habits. After you download the app and enroll in the program, you’ll need to log at least 50 trips per term to tap into a customized discount. The amount you could save isn’t disclosed.
On average, GEICO offers cheaper rates than Esurance. But the reality is that your unique situation can affect your car insurance rates dramatically. Car insurance companies look at a wide range of factors to determine your premiums, including your age, gender, marital status, driving record, and more. This is why it’s important to compare quotes from several insurers to find the best policy for you.
Drivers without any incidents, like speeding tickets or at-fault accidents, typically pay lower rates with GEICO. Below, you can see how liability-only rates compare for drivers with a clean record.
After a speeding ticket, drivers tend to pay higher insurance premiums. On average, GEICO offers lower rates to drivers with a speeding ticket.
Young drivers pay more for car insurance than drivers with more experience behind the wheel. GEICO offers lower average car insurance premiums than Esurance for teen drivers.
Drivers with bad credit can find cheaper car insurance premiums with GEICO than Esurance. But in general, drivers with poor credit face higher rates than drivers with good credit.3
GEICO offers senior drivers lower average premiums than Esurance. But shopping around can help senior drivers find the better choice for their situation.
Both GEICO and Esurance offer standard coverage options, like bodily injury liability, property damage liability, personal injury protection, uninsured/underinsured motorist coverage, collision, and comprehensive coverage.
However, there are some big differences in each company’s extra coverage options. For example, Esurance offers gap insurance and rideshare insurance. GEICO doesn’t offer either of these options.
The table below breaks down some of the optional coverages available from either insurer.
Both Esurance and GEICO offer a range of discounts to drivers.
However, GEICO drivers have access to more discounts than Esurance drivers. While both insurance companies offer a bundling discount, GEICO offers many more policy types than Esurance. For example, GEICO goes beyond renters insurance, homeowners insurance, and motorcycle insurance to offer boat insurance, business insurance, ATV insurance, pet insurance, flood insurance, life insurance, and more.
The table below illustrates which discounts are available to drivers through each insurance company.
If you have questions about carrying car insurance through GEICO and Esurance, you can find answers here.
Allstate, which owns Esurance, has an AM Best rating of A+, which means its financial strength is high and the company is able to pay out claims reliably.4 Also, 69% of Esurance customers who file a photo claim see their claim approved for payment in just one day, according to the company.
GEICO offers more insurance products and is typically more affordable for drivers than Esurance. Esurance, which is owned by Allstate, offers a seamless online customer experience.
You can save money on car insurance by shopping around. When you compare quotes from multiple car insurance companies, you can lock in the lowest rates for your unique situation. Also, don’t forget to ask for more information if you think you qualify for a discount.
Esurance and GEICO each offer a variety of discounts for bundling your auto insurance with other insurance types. Other discounts are available for good students, homeowners, signing up for a telematics program, and anti-theft devices.
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