ULTIMATE COMPARISON SHOWDOWN
PROGRESSIVE VS. GEICO
Both Progressive Auto Insurance and GEICO are top contenders, but who will win in our insurance provider comparison show down? And what features determine the success of each company? Flo and the caveman will face off in the following rounds…
- PROGRESSIVE VS. GEICO: AVAILABLE COVERAGE
- PROGRESSIVE VS. GEICO: CLAIMS
- PROGRESSIVE VS. GEICO: PRICE POINT
- PROGRESSIVE VS. GEICO: PRODUCT TYPES OFFERED
- PROGRESSIVE VS. GEICO: DISCOUNTS OFFERED
- PROGRESSIVE VS. GEICO: CUSTOMER SERVICE
- PROGRESSIVE VS. GEICO: MOBILE TOOLS OPTIONS
- PROGRESSIVE VS. GEICO: FINANCIAL STABILITY
- PROGRESSIVE VS. GEICO: ADDITIONAL OPTIONS FOR SAVING MONEY
- PROGRESSIVE VS. GEICO: MASCOT VS. MASCOT
- HONORABLE MENTIONS
PROGRESSIVE VS. GEICO: AVAILABLE COVERAGE
Do these insurance companies offer multiple coverages or bundling?
|Do they offer coverage in all 50 states?||YES||YES|
|Do they offer coverage in Canada?||YES||YES|
|Do they Provide Additional Coverage in Mexico?||YES||YES|
|Do they offer multi-vehicle policy bundles?||YES||YES|
|Do they offer higher liability limits?||YES||YES|
|Uninsured/Underinsured Motorist? *||YES||YES|
|Various Deductible Options?*||YES||YES|
*Uninsured/Underinsured Motorist: Both companies offer up to the liability limits
*Deductible Options: Both companies typically offer $500, $1000, $1500, sometimes $100 or $250 depending on the state.
Both insurance companies excel in this area and offer a long list of different coverage options.
Since their lists are not identical however, it’s difficult to say who is “better.”
Contact one of our agents if you are curious about which multi-vehicle insurance policy will best fit your needs.
PROGRESSIVE VS. GEICO: CLAIMS
|How fast to process?*||FAST||FASTER|
|Overall Payout Fairness Rating||VERY GOOD||VERY GOOD|
|Claims Availability Rating||ABOVE AVERAGE||AVERAGE|
Geico processes their claims in as little as 48 hours, at most taking up to 7 business days.
Progressive takes 7 to 14 days depending on the vehicle, damage, and body shop. However, most ratings give Progressive a higher score due to their availability.
PROGRESSIVE VS. GEICO: PRICE POINT
Who has the most affordable rates? Keep in mind that there are various factors that affect the price of car insurance.
|AVERAGE INSURANCE RATES|
|Average Minimum Liability Costs||$577||$380|
|Average Cost For a Good Driver*||$1,562||$1,268|
|Average Cost for a Driver W/ Recent DUI*||$1,959||$2,892|
|Average Cost with Good Credit*||$1,613||$1,445|
|Average Cost with Poor Credit*||$3,222||$2,386|
|Average Cost/Month Young Drivers:||$160||$132|
At a glance, Geico appears to have cheaper insurance rates over all, but if you look closer, their rates skyrocket for high risk customers.
If you don’t have a clean driving record, Progressive might be a better fit.
PROGRESSIVE VS. GEICO: PRODUCT TYPES OFFERED
A good car insurance offers far more than the basics such as home and auto insurance. Which company offers more insurance options?
|Insurance for Toys*||YES||YES|
|Commercial Auto Insurance||YES||YES|
|Business Liability Insurance||YES||YES|
|Travel Trailer Insurance||YES||YES|
|Dwelling (Fire) Insurance||YES||YES|
|Inland Marine Insurance||X||X|
|Workers Comp Insurance||YES||YES|
|Small Business B.O.P Insurance||YES||YES|
While GEICO almost has everything that Progressive has in this category…it does not have GAP insurance which is worth having if you are leasing your car or owe more on the car loan than your car is worth.
PROGRESSIVE VS. GEICO: DISCOUNTS OFFERED
Even if one company has more discounts than another, it’s important to keep in mind that certain discounts might only be available based on your details and driving history.
|Paid in full||YES||YES|
|5 Year Accident Free||YES||YES|
|Driver Safety Course||YES||YES|
|Seat belt Discount||X||YES|
|Auto Pay and Paperless||YES||YES|
GEICO does offer more discounts, but make sure you contact an agent to know which discounts you even qualify for.
PROGRESSIVE VS. GEICO: CUSTOMER SERVICE
When it comes to customer service, of course we look for how pleasant the representative is, but we also want to know how likely they are to help us when we need it the most..
|Available 24/7 and on holidays?||YES||YES|
|Will they postpone due dates?||YES||YES|
|Willing to waive late fees?||YES||YES|
|Easy to make changes online and on phone?||YES||YES|
|Friendliness Rating?||AVERAGE||ABOVE AVERAGE|
Geico overall has higher customer service ratings when it comes to the level of “friendliness.”
However we can’t count Progressive out because they work with independent brokers and GEICO does not.
One advantage of working with an independent broker is that they act as your advocate and will find the best policy and rates for you. A direct writer like GEICO’s agents are limited in only selling what their company offers.
Geico won’t always offer the best underwriting terms or pricing plans for the client.
PROGRESSIVE VS. GEICO: MOBILE TOOLS OPTIONS
In 2021, mobile users have increased from 37.38% to 47.59% while desktop internet usage has dropped. It’s crucial that these providers have a great user experience when it comes to their mobile tools.
|MOBILE APP OPTIONS|
|Ability to manage policy?||YES||YES|
|Ability to make changes?||YES||YES|
|Ability to get new quotes?||X||YES|
|Ability to cancel policy?||X||YES|
Poor Flo takes another beating. Unfortunately the Progressive app has 2 less mobile features than GEICO.
PROGRESSIVE VS. GEICO: FINANCIAL STABILITY
PROGRESSIVE RATINGS AND STATS
GEICO RATINGS AND STATS
Progressive and GEICO are both worthy contenders, but in this round GEICO once again pulls ahead, but just by a little!
PROGRESSIVE VS. GEICO: ADDITIONAL OPTIONS FOR SAVING MONEY
|ADDITIONAL MONEY SAVERS|
Flo had one last chance to get another swing in, and thankfully was able to land another punch.
PROGRESSIVE VS. GEICO: MASCOT VS. MASCOT
A more popular mascot can actually have a direct influence on purchase decision and brand appeal. If you don’t remember them…will you think to consider them for your insurance needs?
In this round, the Geico Gecko will be helping out the caveman, since it appears he is somewhat retired at the moment.
See that stats in the box below!
Progressive Popularity Stats
Number of Commericals0
Brand Recognition Rate (%)0
Number of Facebook Followers0
GEICO Popularity Stats
Number of Commercials0
Brand Recognition Rate (%)0
Number of Facebook Followers0
Progressive: Flo was added as a downloadable character in PS3 “ModNation Racers”
GEICO: The Gecko wielded the Infinity Gauntlet
Yes, Boston Herald referred to Flo as “the commercial break’s new sweetheart,” and she has twice as many followers on Facebook.
However, the GEICO gecko possessed the Infinity gauntlet.
How are we supposed to decide fairly when someone has the infinity gauntlet?
After closely evaluating the criteria, it’s pretty difficult to say definitively who is “better.” Insurance is simply not one size fits all.
But let us know…if you could choose just ONE who would you choose?
Last Updated on January 17, 2022 by Veronica Moss