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Geico vs. Progressive vs. State Farm

Which company is best for car insurance?

Profile picture of Jessica Render
by Jessica Render ConsumerAffairs Research Team
couple driving a car

When it comes to car insurance, you have options. Many companies claim the best rates, discounts and coverage, Geico, Progressive and State Farm among the most popular. It can be challenging to decipher which one is best for you without having to compare every single selling point of each insurance company. Use this article to compare three of the top auto insurance companies on the market to ensure you get the right coverage at the best rate.

Geico vs. Progressive vs. State Farm comparison

 geico logoprogressive logostate farm logo
Avg. annual rate$1600$1800$1300
Good driver discount
Defensive driver discount
Bundling discount
Safe driver tracking program
Best forMulti-policySafe driversCost
ReviewsRead reviewsRead reviewsRead reviews
 Avg. annual rateGood driver discountDefensive driver discountBundling discountSafe driver tracking programBest forReviews
geico logo$1600Multi-policyRead reviews
progressive logo$1800Safe driversRead reviews
state farm logo$1300CostRead reviews

Geico vs. Progressive

Geico and Progressive are both veterans in the industry with a long history of providing insurance solutions to customers. Both companies offer auto and property insurance and provide bundling discounts if a customer purchases more than one policy.

  • Geico coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured motorist
    • Underinsured motorist
    • Medical payments
    • Personal injury protection
    • Rideshare insurance
    • Rental reimbursement
    • Emergency road service
    • Mechanical breakdown insurance
  • Progressive coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured/underinsured bodily injury
    • Uninsured/underinsured motorist property damage
    • Medical payments
    • Rental car reimbursement
    • Roadside assistance
    • Loan/lease payoff
    • Custom parts and equipment value
    • Rideshare coverage

Geico vs. Progressive rates

Both providers offer a variety of programs and discounts to help make your rate even more affordable. In addition to bundling discounts, both companies offer accident forgiveness, good student discounts and safe driving discounts. The chart below outlines Geico’s price and Progressive’s price for four different driver profiles. Progressive also offers the Name Your Price tool, which matches you with insurance coverage that best meets your budget.

Annual rate by drivergeico logoprogressive logo
Teen driver (under 18)$2957$3298
Male (over 25)$2957$532
Female (over 25)$776$560
Retired driver (over 65)$704$600
* Quoted prices are for basic coverage on a 2014 Honda Accord in 74133 with a clean driving record. Teen price quoted for 16-year-old high school student with a “B” average.
Annual rate by driverTeen driver (under 18)Male (over 25)Female (over 25)Retired driver (over 65)
geico logo$2957$787$776$704
progressive logo$3298$532$560$600
* Quoted prices are for basic coverage on a 2014 Honda Accord in 74133 with a clean driving record. Teen price quoted for 16-year-old high school student with a “B” average.

Some unique discount programs Geico offers include a senior driver discount, military discount and driver affiliation discounts. Affiliation discounts provide reduced rates to customers who are members of certain alumni, professional and recreational organizations.

Geico’s vehicle equipment discounts offer additional price cuts if you have your vehicle equipped with certain safety features such as airbags, anti-lock brakes or an anti-theft system.

The safe driver discount from Progressive can save you a major 31% on your policy. Geico advertises similar discounts of up to 26% for safe driving. To qualify for Progressive’s program, you have to have no accidents or traffic violations for the past three years whileGeico’s requirements is five years.

Progressive’s snapshot program offers a way to personalize your rate based on your driving. Using either a mobile app or plug-in device, you will track your driving and send the data back to Progressive who will use the information to charge you based on how — and how much — you drive. The program tracks hard breaks, fast acceleration, using your phone while driving and the distance you drive.

Is Geico or Progressive better?

Without discounts considered, Progressive offers a lower base rate for the average driver. However, Geico offers a lower premium for teen drivers, which could be a big saving for parents. Additionally, if you’re active duty military, retired or in the reserves, you can qualify for up to 15% off your premium with Geico, and up to 25% for emergency deployment.

With Progressive, bundling will save you an average of 10% on your policies, while Geico advertises discounts as high as 25%. Progressive offers the bigger safe driving discount, but Geico has a longer list of discounts available, so we recommend looking through the qualifying discount list on their site to see which you qualify for before making a final decision.

Geico vs. State Farm

As with most major car insurance players, Geico and State Farm have similar initial coverage offerings. In addition to their overlapping coverage, Geico offers mechanical breakdown insurance, which can be used to cover unexpected breakdowns.

  • Geico coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured motorist
    • Underinsured motorist
    • Medical payments
    • Personal injury protection
    • Rental reimbursement
    • Rideshare insurance
    • Emergency road service
    • Mechanical breakdown insurance
  • State Farm coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured motor vehicle
    • Underinsured motor vehicle
    • Medical Payments
    • Car rental and travel expenses
    • Emergency road service
    • Rideshare driver coverage

Geico vs. State Farm rates

Geico and State Farm both offer discounts for safe drivers, student drivers, safe vehicles and for bundling policies. State Farm has a few unique programs, highlighted below, but Geico offers the larger list of discounts including discounts for senior drivers, military, federal employees and various membership discounts.

Annual rate by drivergeico logostate farm logo
Teen driver (under 18)$2957$4870
Male (over 25)$787$681
Female (over 25)$776$681
Retired driver (over 65)$704$2407
Annual rate by driverTeen driver (under 18)Male (over 25)Female (over 25)Retired driver (over 65)
geico logo$2957$787$776$704
state farm logo$4870$681$681$2407

State Farm’s Drive Safe & Save program can save you as much as 30% if you’re willing to track your driving. You can run the program through a smartphone app or your vehicle’s OnStar® service. Customers can receive a 5% discount for signing up.

The Steer Clear program from State Farm is designed for new drivers under 25, with savings up to 15%. Participants in the Steer Clear program complete course training and log practice driving hours with the help of a mentor, which can be a qualifying friend or family member with more driving experience.

Safe vehicle discounts from State Farm can save you as much as 40% on medical-related coverage if your car was made after 1994 or equipped with factory-installed airbags and other safety features. Geico promotes up to 40% savings for their safe vehicle discounts as well.

Is Geico or State Farm better?

Geico offers better rates for teen and senior drivers, but State Farm comes in lower for the average driver between 25 and 65. Bundling policies can save you as much as 25% with Geico and 20% with State Farm. State Farm’s Drive Safe & Safe program can cut as much as ⅓ off your bill, so it’s certainly a program worth researching.

Progressive vs. State Farm

As with all three companies in this article, Progressive and State Farm have comparable coverage options. The main differences we see are with Progressive’s loan/lease payoff and custom parts and equipment value coverage, which State Farm does not appear to offer.

  • Progressive coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured/underinsured bodily injury
    • Uninsured/underinsured motorist property damage
    • Medical payments
    • Rental car reimbursement
    • Roadside assistance
    • Loan/lease payoff
    • Custom parts and equipment value
    • Rideshare coverage
  • State Farm coverage:
    • Liability
    • Comprehensive
    • Collision
    • Uninsured motor vehicle
    • Underinsured motor vehicle
    • Medical Payments
    • Car rental and travel expenses
    • Emergency road service
    • Rideshare driver coverage

Both Progressive and State Farm offer a driving tracking program designed to reward safe drivers with hefty discounts. Progressive’s Snapshot can be run through a mobile app or plug-in device, State Farm’s through an app or OnStar® service. Driving tracking programs monitor things like braking, acceleration, rolling stops, driving distance, driving location and more.

Progressive vs. State Farm rates

Both providers offer major discounts for safe driving, up to 30% each. Bundling policies with Progressive will save you an average of 10% and up to 20% with State Farm. The chart below outlines Progressive’s price and State Farm’s price for four different driver profiles.

Annual rate by driverprogressive logostate farm logo
Teen driver (under 18)$3298$4870
Male (over 25)$532$681
Female (over 25)$560$681
Retired driver (over 65)$600$2407
Annual rate by driverTeen driver (under 18)Male (over 25)Female (over 25)Retired driver (over 65)
progressive logo$3298$681$681$600
state farm logo$4870$532$560$2407

Is Progressive or State Farm better?

Progressive wins on rates alone, but you’ll want to consider more than price when making your final decision. Both Progressive and State Farm have a similar driving tracking program that can equate to major savings, and State Farm offers a much higher bundling discount if you plan to cover more than one car.

LabelCompany nameLogoContactSummary
Best for multi-policyRead Reviews
LabelCompany nameLogoContactSummary
Best safe driversRead Reviews
LabelCompany nameLogoContactSummary
Best cost, drivers 25+Read Reviews

Bottom line: Geico or Progressive or State Farm?

State Farm has the lowest rates for drivers over 25, but their rates increase significantly for teens and seniors. Geico comes out ahead for teens, while Progressive takes the title for Seniors. Geico has the longest list of available discounts, but only Progressive and State Farm’s driving tracking program offers substantial savings that Geico doesn’t offer.

Geico is best for multi-policy holders. Geico offers the largest discount, up to 25%, for bundling. Discounts apply for policies on multiple cars or holding multiple insurance policies with Geico, who offers property insurance for homeowners and renters in addition to auto insurance.

Progressive is best for safe drivers. We like Progressive’s Snapshot program for safe drivers. Progressive advertises an average savings of $130 for customers enrolled in the snapshot program.

State Farm is best for drivers over 25. With their prices, we’d be hard pressed to recommend a better deal for drivers between the ages of 25 and 65. Quotes can vary, so you’ll definitely want to request a quote yourself before deciding.

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Profile picture of Jessica Render
by Jessica Render ConsumerAffairs Research Team

As a member of the ConsumerAffairs research team, Jessica Render is dedicated to providing well-researched, valuable content designed to help consumers make informed purchase decisions they can feel confident making. She holds a degree in journalism from Oral Roberts University.