Progressive Vs. Geico

PROGRESSIVE VS. GEICO: AVAILABLE COVERAGE

ROUND 1

Do these insurance companies offer multiple coverages or bundling?

AVAILABLE COVERAGE	Progressive	Geico
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
Medical Payments?*	YES	YES
Uninsured/Underinsured Motorist? *	YES	YES
Various Deductible Options?*	YES	YES

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

ROUND 2

CLAIMS PROCESS	Progressive	Geico
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

ROUND 3

Who has the most affordable rates? Keep in mind that there are various factors that affect the price of car insurance.

AVERAGE INSURANCE RATES	Progressive	Geico
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

ROUND 4

A good car insurance offers far more than the basics such as home and auto insurance. Which company offers more insurance options?

PRODUCT TYPES	Progressive	Geico
Renters Insurance	YES	YES
Auto Insurance	YES	YES
Motorcycle Insurance	YES	YES
Insurance for Toys*	YES	YES
Homeowners Insurance	YES	YES
SR22 Filings	YES	YES
Commercial Auto Insurance	YES	YES
Business Liability Insurance	YES	YES
Travel Trailer Insurance	YES	YES
Motorhome Insurance	YES	YES
Boat Insurance	YES	YES
Condo Insurance	YES	YES
Umbrella Insurance	YES	YES
Flood 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
GAP Insurance	YES	X

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.

DISCOUNTS OFFERED	Progressive	Geico
Paid in full	YES	YES
5 Year Accident Free	YES	YES
Loyalty Discounts	YES	YES
Bundled Discounts	YES	YES
Affiliation Discounts*	X	YES
Defensive Driver	YES	YES
Driver Safety Course	YES	YES
Good Student	YES	YES
Seat belt Discount	X	YES
Continuous Insurance	YES	YES
Vehicle Equipment	YES	YES
Multi Vehicle	YES	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

ROUND 6

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..

CUSTOMER SERVICE	Progressive	Geico
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
Bilingual Options?	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

ROUND 7

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	Progressive	Geico
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.