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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UPDATED: Jul 18, 2021
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- 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.
|Age, Gender, and Marital Status||GEICO Average Annual Rates||Nationwide Average Annual Rates|
|Single 17-year-old female||5653.55||5756.37|
|Single 17-year-old male||6278.96||7175.31|
|Single 25-year-old female||2378.89||2686.48|
|Single 25-year-old male||2262.87||2889.04|
|Married 35-year-old female||2302.89||2360.49|
|Married 35-year-old male||2312.38||2387.43|
|Married 60-year-old female||2240.6||2130.26|
|Married 60-year-old male||2283.45||2214.62|
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.
|Driving Record||GEICO Average Annual Rates||Nationwide Average Annual Rates|
|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|
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.
|Credit History||GEICO Average Annual Rates||Nationwide Average Annual Rates|
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.
|Adaptive Cruise Control||N/A||x|
|Daytime Running Lights||1%||5%|
|Electronic Stability Control||N/A||x|
|Forward Collision Warning||N/A||x|
|Lane Departure Warning||N/A||x|
|Seat Belt Use||15%||N/A|
|Students & Alumni||x||7%|
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.