INSURANCE - CAR INSURANCE

GEICO vs. Allstate Auto Insurance 2024: Compare Coverage and Costs

Updated June 9, 2023
Fact checked
Allstate tends to cost more than GEICO, but it also has a larger network of local agents. GEICO offers more discounts.

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GEICO is widely viewed as one of the top insurance companies in the U.S. due to its customizable coverage options and competitive rates. Its insurance rates tend to be slightly lower than Allstate’s, which makes it an attractive choice if cost is your primary concern.

On the other hand, Allstate has a larger network of local insurance agents and offers new car replacement coverage, which GEICO does not. Allstate’s not the cheapest car insurance provider, but it can cost less than GEICO for drivers who have had a DUI.

Both GEICO and Allstate offer a range of features, coverage levels, and discounts so you can get a policy that fits your needs. For the budget-minded, GEICO is a clear winner. But if you prefer to work with a local agent or just bought a new car you want to protect, then Allstate may be a better option.

In this GEICO vs. Allstate comparison

Key takeaways

  • GEICO tends to cost less than Allstate.
  • Allstate offers some coverage options GEICO doesn’t, such as new-car replacement.
  • Allstate has a larger network of local agents than GEICO does.
  • Both GEICO and Allstate have good customer service ratings and provide customizable levels of coverage.
  • Both insurance companies offer extras such as roadside assistance and rental car reimbursement.
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GEICO vs. Allstate example quote

GEICO auto insurance Allstate auto insurance
Location Florida Florida
Number of vehicles 1 1
Number of drivers 2 2
Vehicles owned, financed, or leased Owned Owned
Primary use of vehicles (commute, pleasure, or business) Pleasure Pleasure
Annual mileage 5,000 5,000
Bodily injury liability $25K per person/$50K per accident $25K/$50K
Property damage $25K per accident $25K per accident
Uninsured/underinsured motorist bodily injury N/A N/A
Personal injury protection $1,000 $0
Comprehensive coverage N/A N/A
Collision coverage N/A N/A
Additional coverages N/A N/A
Price $448.10 (6 months) $845 (6 months)

Our verdict

Our verdict on GEICO's basic car insurance is that it is much cheaper than Allstate’s and has more discount options.

GEICO offers basic coverage for a reasonable price, and its rates were far lower than Allstate's for our example quote. The cost of GEICO's basic car insurance plan for our example was approximately $800 less per year compared with Allstate's. Plus, the deductible amounts for both companies were similar, so you'd pay about the same amount out of pocket for either.

Both Allstate and GEICO offer additional coverage options that can be added onto your standard policy for an extra cost. These include roadside assistance coverage, rental car reimbursement, and gap protection. Allstate also offers new-car replacement coverage.

We recommend considering GEICO's basic car insurance over Allstate’s if you’re shopping around for a new policy. You'll likely save money in comparison to similar coverage.

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GEICO car insurance

Pros Cons
  • Low rates and competitive pricing
  • Convenient online tools
  • Varied coverage options
  • Helpful customer service
  • Limited local agents
  • No rideshare or gap insurance

GEICO has become one of the leading providers for car insurance in the U.S. Founded in 1936, GEICO has grown from a small regional auto insurer to one of the largest providers in the nation. With more than 18 million customers, GEICO is known for offering good customer service and competitive insurance rates.

As a company, GEICO provides a variety of car insurance coverage options. These include:

  • Collision coverage
  • Comprehensive insurance
  • Liability protection
  • Medical payments coverage
  • Personal injury protection (PIP)
  • Uninsured/underinsured motorist (UM/UIM) coverage

Services such as emergency roadside assistance are also available, which is helpful if you ever get a flat tire or run out of gas.

GEICO also offers a driver tracking program, DriveEasy, that uses a mobile app to track your driving habits. It’s a usage-based program that could potentially lower your rates.

Read our full GEICO review

Allstate auto insurance

Pros Cons
  • Broad coverage options
  • Wide network of local agents
  • Rideshare insurance
  • Safe driving bonus
  • High premiums on many policies

Allstate Auto Insurance has a history of providing quality auto insurance to drivers. Founded in 1931, Allstate has been offering personal automobile policies for more than 90 years. Since then, the company has grown to become one of the leading providers of auto insurance in the U.S., and covers more than 16 million vehicles across all 50 states.

In addition to basic liability and collision coverage, Allstate offers a range of additional protection packages designed to suit individual needs, including coverage for rental car reimbursement, roadside assistance, and loan/lease gap coverage.

Allstate also offers a driver tracking program, Drivewise, that tracks your driving habits via a telematic mobile app.

Read our Allstate review

Rates and discounts

GEICO discounts Allstate discounts
Airbag Anti-lock brake
Anti-Lock Brakes New Car
Anti-Theft System Anti-theft device
Daytime Running Lights EZ pay plan
New Vehicle Discount Multiple policy
Good Driver Allstate eSmart®
Seat Belt Use Early Signing
Defensive Driving FullPay®
Driver's Educational Course Responsible payer
Good Student Safe driving
Emergency Deployment Smart student
Federal Employee
Membership & Employee
Military
Multi-Vehicle
Multi-Policy


GEICO provides some of the lowest auto insurance rates available for drivers with good driving records. It is also friendly to those with spotty driving records, as its extensive list of insurance discounts can combat higher rates from a spotty record.

Despite sharing some things like anti-theft and good student discounts, Allstate is significantly more expensive than GEICO. But Allstate offers more extensive coverage options for car insurance specifically. It also has many options for bundling with other insurance types, such as life insurance or home insurance.

Allstate also rewards drivers with safe driving records. It gives you a bonus every six months for being accident-free.

Although GEICO tends to be more affordable overall, Allstate has a few things that set it apart from the competition. Ultimately, the best car insurance choice will depend on what type of coverage you need and your driving record.

Keep in mind
All insurance companies consider factors like your driving history and (in many states) your credit score to determine the price of your auto insurance policy. Your individual situation could make your costs higher or lower than average rates.

Coverage and availability

GEICO and Allstate both offer a range of car insurance coverage options. You can get liability, collision, and comprehensive coverage, as well as personal injury protection, rental reimbursement, and roadside assistance from either company. Both companies also offer accident forgiveness as an add-on, which means they won’t raise your rates if you’re in an at-fault accident.

Both companies are available in all 50 states, but Allstate has some types of coverage that GEICO doesn’t, namely new-car replacement and gap insurance.

If you prefer to work with a local insurance agent rather than get a free quote online, Allstate has many more physical locations than GEICO. But for customer service, it’s easy to contact either company — both have 24/7 support.

Allstate offers more specialized types of car insurance than GEICO, such as classic or antique car insurance and car insurance for travel to Mexico.

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Financial strength and ratings

GEICO Allstate
AM Best A++ A+
J.D. Power 826/1000 824/1000
BBB BBB rating: A+

Customer rating: 1.14/5

BBB rating: A+

Customer rating: 1.09/5

Overall, GEICO and Allstate rank very similarly in all three rankings: AM Best, J.D Power, and the Better Business Bureau. This indicates that both car insurance companies are reliable, offer competitive car insurance rates, and provide a customer experience that is rated highly by independent rating agencies (if not so much by customer reviews on claims satisfaction).

Which insurer should you choose?

If you're looking for affordability, then GEICO might be the better option for you. With its competitive rates and long list of discounts, GEICO’s a great choice for budget-conscious drivers who want to customize their policy. On the other hand, Allstate offers more full-coverage options than GEICO, which can make it a better choice for those who need new-car coverage or gap protection.

GEICO tends to offer lower insurance premiums for young drivers. For experienced drivers who need insurance with some additional features, Allstate may be the better choice. Finally, those who prefer to deal with a local representative may opt for Allstate because it has more local representatives than GEICO.

Before making a decision, do your research online to acquire car insurance quotes from both (or use a quote marketplace) to understand each company’s respective coverage offerings and compare rates. You can also get more information by speaking to a local agent about your individual needs and preferences.

GEICO vs. Allstate: FAQ

Is Allstate owned by GEICO?

No, Allstate Insurance Company is not owned by GEICO. Allstate is a publicly traded company that provides homeowners and automobile insurance services to customers in the U.S. and Canada. In contrast, GEICO is an auto insurance provider owned by Berkshire Hathaway Inc., a multinational holding corporation based in Omaha, Nebraska. GEICO was founded in 1936 (shortly after Allstate) and currently insures nearly 20 million vehicles across all 50 states.

Is GEICO cheaper than Allstate?

It depends on a variety of factors, including your location, driving record, speeding tickets, and other personal information. Generally speaking, GEICO tends to be among the most competitively priced insurers in many states. However, rates can vary significantly by state and circumstance. In some areas, Allstate may offer better prices than GEICO. Ultimately it is important to shop around and get quotes from multiple providers.

It’s also worth noting that while price is important, it should not be the only factor to consider. You should review factors such as customer service ratings and financial stability before selecting an insurance provider. In this case, both auto insurance companies are well-established, and GEICO has the edge with customer satisfaction.

What are some differences between GEICO and Allstate?

The first difference between GEICO and Allstate is their pricing structure. GEICO tends to have lower rates than Allstate, particularly for customers with good driving records. Additionally, GEICO offers discounts for certain groups such as military personnel and federal employees, which may further reduce premiums.

On the other hand, Allstate has more options for customizable coverage plans including add-ons such as new-car replacement coverage and rideshare coverage.

Finally, the two companies also differ in terms of customer service. GEICO has traditionally had slightly higher customer satisfaction ratings than Allstate, though both offer 24/7 customer support for policyholders who have questions or need assistance.

GEICO vs. Allstate: Bottom Line

GEICO offers some of the most competitive rates in the insurance industry, with discounts available for a variety of factors such as a good driving record, airbag technology, and more. It also offers good customer service.

On the other hand, Allstate has a more extensive network of agents located throughout the country which can provide customers with personalized advice when selecting a car insurance policy or filing a claim. Additionally, Allstate offers features such as new-car replacement, which gives you the full cost of a new car of the same make and model if your car is totaled in the first two years.

If you are looking for the most competitive prices, GEICO may be the way to go. On the other hand, if you are looking for more personalized service and additional features, Allstate might be the better choice.

Ultimately, the bottom line when it comes to GEICO vs. Allstate is that both offer competitive prices along with various levels of customer service and coverage options. It is important to compare each company's offerings and read through their terms and conditions carefully before deciding which one best meets your needs.

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Author Details

Ryan Clancy Ryan Clancy is a freelance writer and blogger. He's passionate about all things finance and tech, especially personal finance, and bringing it down to a level that everyone can understand. Ryan lives in New York City, and writes about all types of finance and tech at sites such as Forbes, iCap, Nas Academy, PolicyScout, Integrate.io, and many more.