Bulletin
Investor Alert

New York Markets Open in:

MarketPlace Archives | Email alerts

March 19, 2021, 4:37 p.m. EDT

Allstate vs. Geico: which is the best provider?

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Home Media

MarketWatch has highlighted these products and services because we think readers will find them useful. This content is independent of the MarketWatch newsroom and we may receive a commission if you buy products through links in this article.

Between Allstate vs. Geico, which should you pick? We rated Geico the Best Overall for the average driver, but Allstate also offers good auto insurance options. Your decision ultimately comes down to your situation and what you’re looking to get out of your auto insurance provider.

In this article, we’ll compare Allstate and Geico side by side, including each company’s coverage options, cost and customer satisfaction ratings so you can make an informed decision about your next policy.

Picking the right provider isn’t easy, so we’ve reviewed the best car insurance companies to help drivers find good coverage. As you shop around, we recommend getting quotes from multiple companies to find the best deal. Use the free tool below to compare auto insurance quotes from leading companies in your area.

In this article:

  • Comparing Allstate and Geico

  • Allstate vs. Geico coverage

  • Allstate vs. Geico pricing

  • Allstate vs. Geico customer experience

  • Final thoughts

  • Our methodology

Comparing Allstate and Geico

According to data from the National Association of Insurance Commissioners (NAIC), Geico is the second-largest auto insurance provider in the U.S., and Allstate is the fourth-largest. The insurers are evenly matched when it comes to years in business, Better Business Bureau (BBB) ratings and financial strength ratings. However, Geico has a slightly higher financial rating with an A++ from AM Best .

Here are a few highlights for Allstate:

  • Cheaper rates for good drivers

  • Discounts for new cars and multiple policies

  • Usage-based coverage that won’t raise your rates

Geico’s highlights include:

  • Military, federal employee and corporate group discounts

  • Mechanical breakdown insurance (MBI)

  • Cheapest car insurance on average

As you’ll see in this comparison, Geico holds higher ratings than Allstate in some categories. But Allstate provides good coverage for many drivers, particularly those with clean driving records.

Allstate Geico
Year Established 1931 1936
Availability 50 states 50 states
AM Best Financial Strength Rating A+ A++
Better Business Bureau (BBB) Rating A+ A+
J.D. Power 2020 U.S. Auto Claims Satisfaction Study Score 876 out of 1,000 871 out of 1,000

Allstate vs. Geico coverage

Whether you need usage-based car insurance in Michigan or full coverage car insurance in California , you can likely find what you need with either Allstate or Geico. Both providers offer the six standard types of auto insurance plus several add-on policy coverages.

Allstate Geico
Bodily Injury Liability (BI)
Property Damage Liability (PD)
Collision
Comprehensive
Medical Payments (MedPay)
Personal Injury Protection (PIP)
Uninsured/Underinsured Motorist (UM/UIM)
Roadside Assistance
Rental Car Reimbursement Coverage
Rideshare Insurance
Usage-Based Insurance Available in 19 states*
Travel Expense Coverage
Sound System Insurance
Mechanical Breakdown Insurance

*Accurate at time of publication.

Allstate has optional roadside assistance as well as a membership-based roadside assistance plan. The plan can include trip interruption (depending on the tier you purchase) and is available to non-policyholders. The trip interruption coverage covers food and lodging up to $1,500 if you have an accident or mechanical breakdown. Allstate also offers sound system insurance, which replaces damaged or stolen sound equipment like stereos, speakers and video equipment.

1 2
This Story has 0 Comments
Be the first to comment
More News In
MarketPlace

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.