GEICO vs. Nationwide Auto Insurance (2021)
When we compare GEICO vs. Nationwide auto insurance rates by age, driving record, and credit score, GEICO usually has the cheapest rates overall. However, Nationwide is cheaper for drivers over 65 and drivers with poor credit. Both companies score similarly in financial and Better Business Bureau ratings, but GEICO scores higher in customer satisfaction.
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UPDATED: Jun 27, 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
- The two companies have similar A.M. Best and Better Business Bureau ratings
- GEICO scores higher in customer satisfaction than Nationwide Insurance
Both GEICO and Nationwide are on the list of the top 10 best auto insurance companies, but which company is the best option based on your personal characteristics?
We’ll compare GEICO vs. Nationwide auto insurance rates based on age, driving record, and credit history to see which one can offer you a better deal.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of GEICO vs. Nationwide auto insurance companies.
Before you compare GEICO vs. Nationwide auto insurance, enter your ZIP code above to compare auto insurance quotes from multiple companies in your area to find the best rates.
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 combined determine how affordable GEICO vs. Nationwide auto insurance quotes will be for you. Nationwide and GEICO quotes will vary depending on the driver’s personal situation.
Let’s look at how age affects auto insurance rates. Younger drivers usually pay much higher rates 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. Men pay more than women with either 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, or if you have a speeding ticket or an accident on your record.
Your credit history can also be used to calculate your auto insurance rates in most states. If you have a high credit score, you are more likely to pay for damages yourself and less likely to file a Nationwide or GEICO claim.
|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.
You may live in a state, such as California, where basing auto insurance rates on credit scores is illegal. Check your state’s laws before judging Nationwide vs. GEICO auto insurance rates based on credit score alone.
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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 auto 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.
Be sure to ask about bunding options when you get your Nationwide and GEICO auto insurance quotes.
How do GEICO and Nationwide compare in financial strength and customer satisfaction?
A.M. Best rates the financial strength of insurance companies. GEICO received an A++ rating from A.M. Best 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. This should help put you at ease when you are deciding between Nationwide vs. GEICO auto insurance.
J.D. Power ranked both companies on customer satisfaction, based on factors like prices, billing, the Nationwide and GEICO claims processes, and what is offered.
In general, GEICO ranked around or above average, and Nationwide ranked either average or below average.
GEICO vs. Nationwide Auto Insurance: The Bottom Line
Both companies offer mobile apps and websites where you can use your Nationwide or GEICO login to view your ID cards and coverage information, pay your bill, and access GEICO or Nationwide roadside assistance.
GEICO customer service is available 24/7, but Nationwide customer service is only available during certain hours.
GEICO and Nationwide pet insurance coverage is available as well. Policyholders can also take advantage of Nationwide retirement services, which GEICO does not offer.
Before you decide to buy GEICO vs. Nationwide auto insurance, enter your ZIP code to compare rates from multiple car insurance companies in your area.