GEICO vs. USAA: Pros & Cons (2021)

GEICO and USAA are excellent auto insurance companies that provide policies across the United States. A comparison of GEICO vs. USAA shows that USAA has lower rates, but both have an A++ A.M. Best rating . GEICO insurance policies are available for everyone, but USAA insurance policies are only for veterans and their immediate families. If you qualify for both you can compare GEICO vs. USAA car insurance quotes to find the best deal.

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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 has no eligibility requirements
  • Only veterans and their immediate families are eligible for USAA Insurance
  • Overall, USAA auto insurance rates are cheaper than GEICO premiums
  • GEICO has a more significant market share, but USAA has better financial strength and customer satisfaction ratings

If you plan to compare GEICO vs. USAA auto insurance rates, you should start with our comparison guide. GEICO and USAA are both excellent car insurance companies, but our extensive review explores monthly rates based on various factors, auto insurance coverage comparison, available discounts, and more. Also, you’ll learn how to compare auto insurance quotes.

Enter your ZIP code to compare multiple companies in your local area, or continue reading to learn more about GEICO vs. USAA auto insurance quotes.

GEICO vs. USAA Auto Insurance: Which company is more cost-effective?

Rankings give customers an idea of how much money a car insurance company earns and its place in the market share. GEICO is number two on the top ten auto insurance list, but USAA is number five.

However, the best way to compare auto insurance companies is to look at their stats side-by-side.

GEICO vs. USAA Summary
SummaryGEICO Auto Insurance StatsUSAA Auto Insurance Stats
Year Founded19361922
Headquarters5260 Western Avenue Chevy Chase, MD 208159800 Fredericksburg Road San Antonio, TX 78288
Phone Number1-800-207-78471-800-531-8722
Websitehttps://www.geico.com/https://www.usaa.com/
Available in how many states?All StatesAll States
Direct Premiums$35.2 Billion$15.2 Billion
Market Share14%6%
National Average Auto Insurance$268/month$211/month
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GEICO earns $20 billion more than USAA. However, on average, USAA auto insurance is less expensive than GEICO.

Is this enough to determine the pros and cons between the two companies? Visit our GEICO Auto Insurance Review and USAA Auto Insurance Review to get a closer look at both companies.

Which is more economical by driving record?

If you want to maximize your savings, try to maintain a clean driving record. Auto insurance companies look back three years at your driving record. Any traffic violations, accidents, or DUI convictions will impact your car insurance policy premiums.

So how do GEICO and USAA calculate auto insurance based on driving records? Let’s examine the rates below.

GEICO vs. USAA Auto Insurance Rates by Driving Records
Driving Record SummaryGEICO Monthly Auto Insurance RatesUSAA Monthly Auto Insurance Rates
Clean Driving Record$179$161
With 1 Speeding Violation$220$183
With 1 Accident$266$210
With 1 DUI$406$292
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USAA auto insurance cost based on driving records is cheaper than GEICO overall. In general, clean driving records generate drivers more affordable rates.

Which is more affordable by credit score?

According to TransUnion, drivers must pay their debts to avoid higher prices, especially from car insurance. Car insurance companies correlate your credit history to your chances of filing claims.

In other words, a good credit score is an indicator of low chances of filing claims; but a poor credit score correlates with higher chances of filing claims. Therefore, auto insurance companies issue premiums based on credit. Let’s see how much GEICO and USAA charge for premiums.

GEICO vs. USAA Auto Insurance Rates by Credit Scores
Credit Score SummaryGEICO Monthly Auto Insurance RatesUSAA Monthly Auto Insurance Rates
Good Credit (670-739)$203$152
Fair Credit Score (580-669)$249$185
Poor Credit Score (300-579)$355$308
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Both companies have auto insurance rates under $400 per month, but USAA is less expensive overall. Compared to auto insurance companies like Allstate, Liberty Mutual, and Nationwide, GEICO and USAA have more cost-efficient policies.

Which is cheapest by age?

Your age is another factor that impacts your auto insurance rate. Younger drivers have more expensive car insurance premiums. However, drivers who are 25 years and older have cheaper rates.

Do GEICO and USAA follow this trend? Let’s check out the rates below.

GEICO vs. USAA Auto Insurance Rates by Age
Age of DriversGEICO Monthly Auto Insurance RatesUSAA Monthly Auto Insurance Rates
60-Year-Old Driver$189$121
35-Year-Old Driver$192$129
25-Year-Old Driver$193$171
17-Year-Old Driver$497$425
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GEICO and USAA car insurance do follow the age trend. Why? Younger drivers are less experienced and take more risks on the road, with a higher possibility of collisions behind the wheel. Therefore, auto insurance companies issue higher prices to offset the chances of filing claims.

USAA is cheaper than GEICO. Also, more affordable costs seem to favor seniors the most.

Which is less expensive by commute mileage?

If you think some of these rates are still too expensive, considered driving less during your policy. Public transit is ideal for densely populated urban areas. However, suburban and rural areas may demand more independent travel.

Can you save money if you drive less with GEICO or USAA? Let’s see.

GEICO vs. USAA Auto Insurance Rates by Commute Mileage
Estimated Commute MileageGEICO Monthly Auto Insurance RatesUSAA Monthly Auto Insurance Rates
10 Miles Commute (6,000 miles/yr)$264$207
25 Miles Commute (12,000 miles/yr)$272$216
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Although USAA has more affordable rates, there’s not a big difference between auto insurance rates determined by commute mileage. It may actually be cheaper to get the highest commute mileage available.

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GEICO vs. USAA Auto Insurance: Which company has more coverage options?

You may be in a situation where you need more than the minimum car insurance requirement. Don’t worry – GEICO and USAA have different coverage options you can add to your policy. Let’s compare.

Comparing GEICO and USAA Auto Insurance Coverages
GEICO Auto Insurance CoveragesUSAA Auto Insurance Coverages
Bodily Injury LiabilityCollision Coverage
Property Damage LiabilityComprehensive Coverage
Medical Payments coverageLiability Coverage
Uninsured & Underinsured Motorist coverageUninsured & Underinsured Motorist Coverage
CollisionFull Coverage
ComprehensiveRoadside Assistance
Emergency Roadside AssistancePersonal Injury Protection
Mechanical Breakdown InsuranceRental Car Reimbursement
Rental Car Reimbursement
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USAA may have lower auto insurance rates, but GEICO has more coverage options. The coverage that gives GEICO an advantage over USAA is mechanical breakdown insurance.

GEICO vs. USAA Auto Insurance: Who has more discounts?

USAA and GEICO are already known for their budget car insurance costs, but you can bring those rates down even further with discounts. So which company has more bargains? Let’s see if GEICO or USAA has more deals.

GEICO vs. USAA Auto Insurance Discounts
Auto Insurance DiscountsGEICO AvailabilityUSAA Availability
Adaptive Cruise Control
Adaptive Headlights
Anti-lock Brakes
Anti-Theft
Daytime Running Lights
Electronic Stability Control
Utility Vehicle
Vehicle Recovery
VIN Etching
Lane Departure Warning
Newer Vehicle
Green Vehicle
Forward Collision Warning
Claim Free
Continuous Coverage
Defensive Driver
Distant Student
Driver's Ed
Driving Device/App
Early Signing
Emergency Deployment
Engaged Couple
Family Legacy
Family Plan
Farm Vehicle
Fast 5
Federal Employee
Full Payment
Further Education
Garaging/Storing
Good Credit
Good Student
Homeowner
Life Insurance
Low Mileage
Loyalty
Married
Membership/Group
Military
Military Garaging
Multiple Drivers
Multiple Policies
Multiple Vehicles
New Address
New Customer/New Plan
New Graduate
Newly Licensed
Newlyweds
Non-Smoker/Non-Drinker
Occasional Operator
Occupation
On-Time Payments
Online Shopper
Paperless Documents
Paperless/Auto Billing
Passive Restraint
Recent Retirees
Renter
Roadside Assistance
Safe Driver
Seat Belt Use
Senior Driver
Stable Residence
Students & Alumni
Switching Provider
Volunteer
Young Driver
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After going through each list carefully, it’s determined that GEICO has four more discounts than USAA. It may be challenging to qualify for each available discount, but two or three discounts stacked up can lower your premiums by hundreds per year.

Direct all your questions about discount eligibility to USAA or GEICO customer service.

Which company has the better financial strength and customer satisfaction ratings?

Financial strength and customer satisfaction ratings are summaries of a company’s financial and consumer performance. We researched the most reliable rating agencies and compiled their ratings in the data below. Let’s check out the scores below.

GEICO vs. USAA Financial Strength and Credit Ratings
AgenciesGEICO RatingsUSAA Ratings
AM BestA++A++
Moody'sAa3Aa1
S&PAA+AA+
NAIC Complaint Index1.141.8
J.D. Power - Power Circle RatingsAbout AverageAmong The Best
Apple App Store (iOS) Ratings5 stars4 stars
Google Play Store (Android) Ratings5 stars5 stars
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A.M. Best, Moody’s, and S&P are financial strength and credit rating agencies. Based on the scores, GEICO and USAA have stable financial outlooks. However, USAA has a stronger Moody’s rating.

Under the NAIC Complaint Index and J.D. Power, we can determine how consumers rated GEICO and USAA. GEICO’s NAIC Complaint Index is slightly better, but USAA comes back with an outstanding score from J.D. Power.

Finally, the mobile app ratings show better than average scores from both companies. However, GEICO has the better star-rating on the Apple App Store. To access mobile apps, you’ll need to create a GEICO login or USAA login.

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GEICO vs. USAA Auto Insurance: The Bottom Line

USAA is a fantastic company for veterans and their immediate families, but it’s not available to people who aren’t connected to the military. GEICO, on the other hand, is available to everyone. If you happen to be in the military, definitely take advantage of the special rates offered by USAA, as they’re a better deal overall than GEICO.

Now that you know the differences between GEICO and USAA, you can decide if you’re interested in coverage from either company. In the meantime, compare car insurance rates from top companies for free right now.

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