To get started, let’s answer this basic question: In which category is each insurer better? The truth is that each of these companies stands out in one or two categories and it is important that, a priori, you know them. We will talk about this in a summarized way, and then expand on what this implies.
Let’s see!
- Best price. In this category, the winner is Geico. This is the one that charges its policyholders the least annually, with an average price of $1,198 per year. State Farm follows at $1,511 a year, with Progressive and Allstate the most expensive. In this sense, Geico also stands out for its customer service and the technology it handles.
- Fewer consumer complaints. On the other hand, the winner in this category is Progressive, according to the National Association of Insurance Commissioners. In terms of the number of complaints based on the size of the insurer, Allstate and Geico had the lowest number after this one.
- Top in coverage options. For this, the 9 coverages most demanded by people are taken into account, with Progressive and Allstate being the ones that allow the greatest number of options (seven, to be exact). The first offers gap insurance and the other facilitates the replacement of a new car. None no offers for mechanical damage, only Geico.
- Greater user satisfaction. In this category, those who are ahead are Geico and State Farm, studying variables such as claims, price, and questions about the service.
- Best in Technology. Once again, Geico is the winner again. It offers parking locators, attractions, and gas stations; resources that can be activated with voice (virtual assistant, Alexa, and Google Assistant); monitoring the status of the car through an App, etc.
The prices were calculated by Credits In the USA, using the average prices for the coverage of a driver of about 40 years, with a clean driving record and good credit. However, prices may vary depending on the insured’s gender, age, car model, location, among others.
In the end, the best car insurance? This will be the one that suits your particular needs.
Some extra benefits
Regarding the Extra Benefits, you should bear in mind that when it comes to looking for the best insurer for you, you will find specific advantages in some that in others do not. Some will charge you more if you want to enjoy the benefit and others will include it directly in the policy and the premium.
Next, we will tell you what each insurer offers; options that you might be interested in having available when purchasing your insurance.
- Geico. Offers coverage for mechanical damage and forgiveness for accidents. In terms of technology, it provides tools such as a virtual assistant, Google Assistant, and Alexa, a locator (parking, attractions, and gas stations), car maintenance alerts, and an App integrated with Lyft.
- Allstate. Offers sound system coverage, accident forgiveness, new car replacement, Alexa voice assistant, locator (parking, gas stations), Fire Escape Route tool, and rewards if you drive safely.
- Progressive. Gap insurance, custom parts coverage, and accident forgiveness are available. When it comes to technology, you have the Google Home assistant.
- StateFarm. It has an app to train young drivers (Steer Clear) and you can earn discounts in the App if you drive safely.
The Best Car Insurance? No doubt they all have their advantages.
Options available from each insurer
As for the available Options of each insurer, we will tell you what are the coverage and technology options offered by all these insurers as a whole. This way you will be able to know what you will not be missed because all of these offer it.
- Roadside assistance and towing.
- Insurance on a usage basis.
- Rideshare insurance for Lyft or Uber.
- Pay bills in the App.
- If your car needs to be repaired for a covered claim, you get car rental reimbursement if it takes more than a day.
- Claims online or in the App. You can both start a claim and track it.
- Download and view identification from the App.
- Tool to upload photos of the damage to the vehicle in the App.
- Information about the policy in the App.
The Best Car Insurance? The one you choose!
Individual comparison of insurers
Now we will make an individual Comparison of insurance companies. This will allow you to compare pairs of insurers to determine which is the one that best suits your needs. So you can see more closely what makes one stand out compared to another, for example. Let’s see!
Geico vs. progressive
You should consider whether you prefer a low price or have additional options. In this regard, Geico offers the most affordable insurance on the market, but Progressive offers coverage options you won’t find at Geico. For example, gap insurance.
Also, if you are interested in technology, then Geico is ahead due to its robust technology. Both tie for reported complaints, being the ones with the least, so you should not worry about this factor.
In the case of prices, if the insured has good credit and is a good driver, he can pay (on average) $1,198 annually at Geico and $1,766 at Progressive. Things change when he has bad credit, where he can pay $1,748 at Geico but $3,238 at Progressive. If you have a recent fault, in the first one you can pay $1,888, while in the second $2,980.
Finally, Geico’s minimum coverage can be placed at $478, versus Progressive’s at $774.
Geico vs. StateFarm
Both are the ones that offer the cheapest policies, beating Geico to State Farm. Also, Geico is ahead when it comes to technology and they are even when it comes to user satisfaction.
When it comes to pricing, if the insured has good credit and is a good driver, they can pay (on average) $1,198 annually at Geico and $1,511 at State Farm. Things change when he has bad credit, where he can pay $1,748 at Geico but $3,114 at State Farm. If you have a recent fault, in the first one you can pay $1,888, while in the second $1,968.
Finally, Geico’s minimum coverage can be found at $478, versus State Farm’s at $624.
Allstate vs. StateFarm
Both have few claims against state regulators, so this variable is not the one that will allow you to decide which is better. As before, State Farm usually leads on price, while Allstate offers unique perks like new car replacement insurance and accident forgiveness.
In the case of prices, if the insured has good credit and is a good driver, they can pay (on average) $1,511 annually at State Farm and $1,834 at Allstate. Things change when you have bad credit, where you can pay $3,114 at State Farm but $2,907 at Allstate. If you have a recent fault, in the first one you can pay $1,968, while in the second $2,904.
As for the minimum coverage, these should be very close. You should always make sure to get your quotes to see which one suits you in your particular case, especially if you decide on the price.
Allstate vs. Geico
In this comparison, Geico leads when it comes to in-app tech tools, followed by Allstate. By this indicator, they both beat State Farm and Progressive.
On the other hand, if you are concerned about price, Geico is for you. According to what we said before, Allstate tends to be the most expensive of all the others, and it is consistently the most expensive concerning Geico. However, if you want to have specific coverage options, Allstate may be a better choice, as it offers, for example, a new car replacement.
When it comes to pricing, if the policyholder has good credit and is a good driver, they can pay (on average) $1,198 annually at Geico and $1,834 at Allstate. Things change when he has bad credit, where he can pay $1,748 at Geico but $2,907 at State Farm. If you have a recent fault, in the first one you can pay $1,888, while in the second $12,904.
Finally, Geico’s minimum coverage can be found at $478, versus State Farm’s at $784.
Progressive vs. Allstate
Both have excellent coverage options in that you can get insurance for the sound system, for custom parts and you can even lower your deductible if you go a long time without having an accident. These are options that you will not find in other insurers.
In terms of complaints, Progressive leads as the one that has received the fewest complaints. In terms of prices, both are very similar, so we urge you to do your research to see if they convince you of costs. They can vary if you have bad credit but are a good driver ($2,907 at Allstate versus $3,238 at Progressive).
Progressive vs. StateFarm
If you are looking for coverage options, Progressive is the one. If you’re looking for prices, it’s probably State Farm you should go for. On average, State Farm tends to have lower premiums. However, at Progressive, you will find gap insurance, accident forgiveness, custom parts coverage, etc.
So we finished answering your question about the best car insurance? We compared Allstate, GEICO, Progressive, and State Farm and hope we have helped you make your decision.
