GEICO vs. Nationwide: Pros & Cons (2021)

When it comes to GEICO vs. Nationwide auto insurance, GEICO usually has the cheapest rates. However, Nationwide is cheaper for drivers over 65 or with poor credit. Both companies score similarly in financial and BBB ratings, but GEICO scored higher in customer satisfaction. Save money by adding the many discounts offered by GEICO and Nationwide to your auto insurance policy.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 18, 2021

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What You Should Know

  • GEICO auto insurance is cheaper most of the time, but Nationwide is cheaper if you are over 65 or have poor credit
  • Both companies have similar A.M. Best and BBB ratings
  • GEICO scores higher in customer satisfaction than Nationwide

Comparing the best auto insurance companies side by side will help you narrow down the large group of companies you have to choose from. We will compare GEICO vs. Nationwide auto insurance companies so that you can pick the one that best suits your needs.

Comparing rates, discounts, and ratings will help you determine if either company is right for you.

There are so many auto insurance companies out there — before learning more about GEICO vs. Nationwide, enter your ZIP code to receive free quotes from multiple companies in your area.

Is GEICO or Nationwide auto insurance cheaper?

Auto insurance companies use a variety of factors to determine the cost of your coverage. The most common factors looked at are your age, driving record, and credit history.

These factors will be combined to calculate how affordable GEICO vs. Nationwide auto insurance is for you. Nationwide and GEICO quotes will vary by the driver based on your personal situation.

Let’s look at how age affects auto insurance rates. Younger drivers usually pay a much higher rate since they lack experience. Generally, rates go down as you age.

GEICO vs. Nationwide Average Annual Rates Based on Age, Gender, and Marital Status
Age, Gender, and Marital StatusGEICO Average Annual RatesNationwide Average Annual Rates
Single 17-year-old female5653.555756.37
Single 17-year-old male6278.967175.31
Single 25-year-old female2378.892686.48
Single 25-year-old male2262.872889.04
Married 35-year-old female2302.892360.49
Married 35-year-old male2312.382387.43
Married 60-year-old female2240.62130.26
Married 60-year-old male2283.452214.62
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GEICO insurance is cheaper until you hit 65, then Nationwide offers the best rates. Males also pay more with each company.

One of the most important things auto insurance companies look at is your driving record. If you have accidents, tickets, or DUIs, you will be considered a riskier driver and will pay higher rates.

GEICO vs. Nationwide Average Annual Rates Based on Driving Record
Driving RecordGEICO Average Annual RatesNationwide Average Annual Rates
Clean record$2,145.96$2,746.18
With 1 accident$3,192.77$3,396.95
With 1 DUI$4,875.87$4,543.20
With 1 speeding violation$2,645.43$3,113.68
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Nationwide is cheaper if you have a DUI, but GEICO is cheaper if you have a clean record, a speeding ticket, or an accident.

Your credit history can also be used to calculate your auto insurance rates in most states. Car insurance companies believe that you are more likely to pay for damages yourself and less likely to file a claim if you have a high credit score.

GEICO vs. Nationwide Average Annual Rates Based on Credit History
Credit HistoryGEICO Average Annual RatesNationwide Average Annual Rates
Good$2,434.82$2,925.94
Fair$2,986.79$3,254.83
Poor$4,259.50$4,083.29
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GEICO is cheaper than Nationwide insurance unless you have poor credit, then Nationwide is the cheaper option. However, not all states allow insurance companies to use credit score as a factor when determining rates, so make sure you’re aware of your state’s laws before you purchase.

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Does GEICO or Nationwide have better auto insurance discounts?

Auto insurance discounts can make a huge difference in your rates. Many car insurance companies offer common discounts like good student and multi-car. They also allow you to bundle these discounts to save even more.

This table shows you the auto insurance discounts offered by GEICO and Nationwide and the amount of the discount if it’s known.

GEICO vs. Nationwide Auto Insurance Discounts
DiscountsGEICONationwide
Adaptive Cruise ControlN/Ax
Adaptive HeadlightsN/Ax
Anti-lock Brakes5%5%
Anti-Theft25%25%
Claim Free26%10%
Continuous CoveragexN/A
Daytime Running Lights1%5%
Defensive Driverx5%
Distant Studentx10%
Driver's EdxN/A
Driving Device/Appx40%
Early Signingx8%
Electronic Stability ControlN/Ax
Emergency Deployment25%N/A
Family LegacyxN/A
Family PlanN/A25%
Farm VehiclexN/A
Federal Employee8%N/A
Forward Collision WarningN/Ax
Full PaymentxN/A
Further Educationx15%
Good CreditN/Ax
Good Student15%10%
Homeownerx5%
Lane Departure WarningN/Ax
Life InsuranceN/Ax
Low Mileagexx
Loyaltyx5%
MarriedN/Ax
Membership/Groupx7%
Military15%N/A
Multiple Policies10%10%
Multiple Vehicles25%20%
Newer Vehiclexx
Occupationx15%
Paperless DocumentsN/A5%
Paperless/Auto BillingN/A$30
Passive Restraint40%20%
Safe Driver15%35%
Seat Belt Use15%N/A
Stable ResidenceN/Ax
Students & Alumnix7%
Utility VehiclexN/A
Vehicle Recovery25%25%
VIN EtchingN/Ax
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Although both companies offer a lot of the same discounts, there are some differences. For example, GEICO offers a continuous coverage discount and Nationwide doesn’t. Nationwide offers a discount for being married and GEICO doesn’t.

When you compare GEICO vs. Nationwide auto insurance rates, be sure to count any discounts you may be eligible to receive.

How do GEICO and Nationwide compare in financial strength and customer satisfaction?

A.M. Best rates the financial strength of a company. GEICO received an A++ rating and Nationwide received an A+, which means they both have a superior ability to meet financial obligations.

Both companies also received an A+ rating from the Better Business Bureau and are accredited as well.

J.D. Power ranked GEICO and Nationwide on customer satisfaction, including prices, billing, claims, and what is offered. In general, GEICO ranked around or above average, and Nationwide ranked either average or below average.

Both companies offer mobile apps and websites where you can use your Nationwide or GEICO login to find your ID cards, coverage information, pay your bill, and access roadside assistance.

GEICO customer service is available 24/7, but Nationwide customer service is only available during certain hours.

GEICO and Nationwide pet insurance coverages are also available. Nationwide retirement services are available, but GEICO doesn’t offer that service.

Evaluate the pros and cons with GEICO and Nationwide to determine if one of these companies is right for you. You can also check out our GEICO auto insurance review and our Nationwide auto insurance review to get more information about these two companies.

Enter your ZIP code to compare quotes from several companies near you now that you’ve compared GEICO vs. Nationwide auto insurance.

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