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Auto Insurance - Geico vs Progessive ?

bamx2 508 45 October 29, 2015 at 08:03 AM in Autos
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Last Edited by bamx2 October 29, 2015 at 12:34 PM
I am shopping for auto insurance. It is down to choosing between Geico vs Progressive. I my case, the Geico quote is around 20% lower ( about $750 per yr) than Progressive but would it be worth paying more for Progressive for better service etc (slightly better JD Power rating) ?

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#2
We had Progressive for years and ended up switching to Geico several years ago. We switched for two reasons - they had excellent CS after we were hit by a Geico customer and our yearly premium went down well over $1,000.

I actually like them better. Everything is online so changes are easy. Haven't regretted the move yet and don't plan to leave them.

I do think there are different sections so it may impact the service. My husband works for the government so we are lumped in that - GEICO (Government Employee Insurance Company), One section is just for govt. employees...I think.
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#3
I think those two companies are linked. In either case, go with whoever is cheaper. Check your rates against other providers every 2-3 years and change as necessary. I had Geico for over 20 years and never had a claim and I was paying $800 more than someone that came in fresh off the street. I switched and saved almost $1000 with Allstate.
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The Liberals/Democrats now have a new symbol - a diaper pin! Oh how very fitting!
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#4
i don't have either (I have Allstate) , but based on their commercials, I'll go with Geico. Their commercials are a hoot!
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#5
I was with progressive for about 2 years and have no complaints about their service. When I hit a deer, the CS was good to speak wit hand didn't create any fuss. However the prices went up every 6 months and that's when I decided to switch and am with Gieco now. Their prices were atleast 300 bucks cheaper on a yearly basis - that sealed the deal.
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#6
I would also strongly consider how Consumer Reports rates those two insurers (and others).
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#7
I have a list of insurances that I shop around from every couple of years and usually just pick the cheapest.
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#8
go with cheapest
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#9
Cheapest here too. Since we got married over 10 years ago I've used an independent agent. I've tried shopping online and nothing can come close to his quotes. When I say cheapest though, it's the cheapest he can find, not Joe Schmoe insurance company, meaning the companies he deals with are all reputable.

Over the years I've had National Grange Mutual, Travelers, Safeco and now Hanover. Most of the time bundling (home/auto) is cheapest but there has been a year or 2 where splitting the coverages up wound up being cheaper. That's one beauty of using an agent - he can do all these permutations for me (and faster) - trying to cross reference so many combinations across so many companies would take many hours to do online by myself.

In that time I've only had to deal with Travelers for claims. The online sites for all of them are comparable. I re-assess every year in June-ish (right before it re-ups). Never assume your existing company will necessarily be the cheapest.

I also suggest taking a look at your coverages, specifically deductibles - this has a HUGE impact on premiums.

Also note some companies give you a discount (Hanover ~5%, Safeco?) for paying the entire year up front (auto) and others (Travelers) charge you a monthly fee for paying monthly.

Lastly, I had success in decreasing auto premiums by doing a "Snapshot" like thing with Safeco (Progressive offers this). Might be worth looking into.
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#10
Allstate $2360 year. 25k/100k
Liberty Mutual $1000 year 100k/300k
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for those that hate spelling mistakes www.walmarts.comCool

bulb save money by checking your insurance every 2 years (and not every 20)
#11
GEICO relies heavily on credit score to determine premiums...ten years ago, with a much lower score and a clean driving record, I was actually quoted $4500 / year for auto insurance for two cars. We switched from State Farm to GEICO one year ago and saved 55% -- the annual premium is now around $1300 for two much newer, pricer cars.

I did a rate check at Progressive this fall, and rates are comparable to my old State Farm policy. :-/
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#12
Why not Metromile?
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#13
I'd take Progressive over Geico in terms of ease settling claims, but if that 20% savings is a considerable amount of money then I would go with Geico.

p.s. If these 2 providers offered you the lowest rates, your driving record must be pretty awful. :p
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As the username says ...
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#14
I'd go with Geico - I've been happy with their service so far, and nobody has been able to even touch their rates. And I have a squeaky clean record, new car, and i pay a little over 2000 a year. Other guys were roughly 1.5X that much, and up.
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Last edited by Ero November 6, 2015 at 02:07 PM.
#15
Geico for me the past 8 years. Moved states a few months back and got quote from a half dozen car insurance companies to see if anything was cheaper. Nothing could touch Geico's rates. I pay $680 a year for two vehicles, 2012 and 2001.

I couldn't imagine paying what some of you guys pay, several thousand a year just for insurance??? Having a clean record sure helps!
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