GEICO vs. Nationwide: Best Auto Insurance for 2024
When comparing GEICO vs Nationwide, GEICO offers the cheapest auto insurance rates on average. However, Nationwide insurance is cheaper for drivers over 35 or who have bad credit. Don't forget to consider the many car insurance discounts offered when you compare GEICO vs. Nationwide auto insurance quotes.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
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UPDATED: Nov 9, 2023
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- On average, Geico is usually cheaper than Nationwide.
- Nationwide insurance is cheaper if you are over 35 or have bad credit.
- Both companies score similarly with A.M. Best and the Better Business Bureau (BBB), but Geico has better customer satisfaction scores.
There are many automobile insurance companies out there, and it can be hard to decide which one is right for you. We’ll compare Geico vs. Nationwide auto insurance side by side to see which one can offer you the best deal.
We’ll show you each company’s rates, discounts, and ratings so you can weigh the pros and cons.
The good news is that you don’t have to stop your comparison shopping with Geico vs. Nationwide. Enter your ZIP code now to compare auto insurance quotes from multiple companies near you for free.
Is Geico auto insurance or Nationwide auto insurance cheaper?
Your auto insurance rates are determined by many different factors. Some of the most common factors used are your age, gender, marital status, driving record, and credit score.
These factors will determine how affordable Geico vs. Nationwide auto insurance is for you. Remember, because these factors are different for everyone, auto insurance rates vary significantly.
First, let’s look at Geico vs. Nationwide auto insurance rates by demographics. Age, gender, and marital status can all affect your rates.
| Age, Gender, and Marital Status | Geico Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $5,405.23 | $5,431.46 |
| Single 17-year-old male | $5,955.63 | $6,815.00 |
| Single 25-year-old female | $2,312.93 | $2,431.91 |
| Single 25-year old male | $2,171.06 | $2,739.66 |
| Married 35-year-old female | $2,253.30 | $2,202.69 |
| Married 35-year-old male | $2,237.96 | $2,214.18 |
| Married 60-year-old female | $2,107.40 | $1,987.35 |
| Married 60-year-old male | $2,188.44 | $2,005.06 |
Geico is the cheaper option until you’re 35 years old, then Nationwide offers the lower rates.
One of the most significant factors auto insurance companies look at is your driving record. If you have accidents, tickets, or DUIs on your record, you will pay much higher rates.
| Driving Record | Geico Average Annual Rates | Nationwide 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 |
Geico is cheaper unless you have a DUI on your driving record. Drivers with DUIs will get cheaper auto insurance from Nationwide.
It might surprise you to learn that your credit score can also affect your car insurance rates. Auto insurance companies believe that if you have a good credit score, you’re more likely to pay for your own damages and less likely to file a claim.
| Credit History | Geico Average Annual Rates | Nationwide Average Annual Rates |
|---|---|---|
| Good | $2,434.82 | $2,925.94 |
| Fair | $2,986.79 | $3,254.83 |
| Poor | $4,259.50 | $4,083.29 |
Nationwide auto insurance is cheaper if you have bad credit. However, if you have good or fair credit, Geico will offer you cheaper rates.
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Does Geico or Nationwide have better auto insurance discounts?
Car insurance discounts — like the multi-vehicle or good student discount — can save you a significant amount on your rates.
This table shows you the discounts offered by Geico and Nationwide. The discount amount is listed if this information is known.
| Auto Insurance Discounts | Geico (%) | Nationwide (%) |
|---|---|---|
| Adaptive Cruise Control | N/A | x |
| Adaptive Headlights | N/A | x |
| Anti-lock Brakes | 5 | 5 |
| Anti-Theft | 25 | 25 |
| Claim Free | 26 | 10 |
| Continuous Coverage | x | N/A |
| Daytime Running Lights | 1 | 5 |
| Defensive Driver | x | 5 |
| Distant Student | x | 10 |
| Driver's Ed | x | N/A |
| Driving Device/App | x | 40 |
| Early Signing | x | 8 |
| Electronic Stability Control | N/A | x |
| Emergency Deployment | 25 | N/A |
| Family Legacy | x | N/A |
| Family Plan | N/A | 25 |
| Farm Vehicle | x | N/A |
| Federal Employee | 8 | N/A |
| Forward Collision Warning | N/A | x |
| Full Payment | x | N/A |
| Further Education | x | 15 |
| Good Credit | N/A | x |
| Good Student | 15 | 10 |
| Homeowner | x | 5 |
| Lane Departure Warning | N/A | x |
| Life Insurance | N/A | x |
| Low Mileage | x | x |
| Loyalty | x | 5 |
| Married | N/A | x |
| Membership/Group | x | 7 |
| Military | 15 | N/A |
| Multiple Policies | 10 | 10 |
| Multiple Vehicles | 25 | 20 |
| Newer Vehicle | x | x |
| Occupation | x | 15 |
| Paperless Documents | N/A | 5 |
| Paperless/Auto Billing | N/A | $30 |
| Passive Restraint | 40 | 20 |
| Safe Driver | 15 | 35 |
| Seat Belt Use | 15 | N/A |
| Stable Residence | N/A | x |
| Students & Alumni | x | 7 |
| Utility Vehicle | x | N/A |
| Vehicle Recovery | 15 | 25 |
| VIN Etching | N/A | x |
Although many of the same discounts are offered by both companies, there are some differences. For example, Geico offers a driver’s ed discount and Nationwide doesn’t. On the other hand, Nationwide offers a discount for going paperless and Geico doesn’t.
When you compare Geico vs. Nationwide auto insurance quotes, be sure to factor in any discounts you may be eligible to receive.
How does Geico vs. Nationwide compare in financial strength and customer satisfaction?
A.M. Best is a credit rating agency that assesses the financial strength of insurance companies. Geico was given an A++ rating, while Nationwide was given an A+, indicating that both companies 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 rated Geico and Nationwide for customer satisfaction based on pricing, billing, claims, and what is offered by each company. Geico was rated around or above average, while Nationwide was rated average to below average.
The companies are very similar in other ways as well. Geico and Nationwide both offer easy-to-use websites and mobile apps that allow you to access your account at any time. You can also get a Nationwide or Geico quote through the companies’ websites.
Each company offers additional services and products as well, such as roadside assistance and pet insurance. Read our Geico review and our Nationwide auto insurance review to learn more.
When deciding whether to buy Geico vs. Nationwide auto insurance, think about the rates, discounts, and ratings above. You can also compare additional companies to see which one is the best fit.
Now that you’ve compared Geico vs. Nationwide auto insurance, enter your ZIP code to see quotes from multiple companies near you for free.