As we all know, USAA and GEICO have the most affordable premiums across the U.S., however, many differences need to consider before choosing any of them. Let's compare both of them to know which is the right car insurance company for students in 2022.
USAA car insurance
USAA is by far the most well-valued service satisfaction car insurance company for J.D. Power's rate. However, USAA is the only car insurance company that requires you to be part of the military forces, veterans or close family members to be insured by this great company. USAA covers your vehicle and can offer you access to many exclusive benefits such as banking services. USAA actually has a fifth place.
USAA rating
- Financial strength (AM Best) A++ (superior)
- Issuer credit ratings (ICR) AAA
- J.D. Power (claim satisfaction) 909/1000
- J.D. Power (customer satisfaction) 83/100
- NAIC rating 1.21
- Bundling discounts will make you save up to 10% when bundling your home and your vehicle policies.
- Safe driver discounts you will have great discounts for not having any violations for 5 years or more.
- Defensive driving discount will be a very good discount if you already took an approved defensive driving course.
- Driver training discount will be offered once you finish your basic training class
- Good student discount will be an option when you have good grades.
- New vehicle discount will be a good option if your car has less than 3 years old.
- Multi-vehicle discount will be offered when you want to add more 2 vehicles or more in USAA car insurance.
- Annual mileage discount if you don't drive so often, you will be qualified to get this discount.
- Vehicle storage discount will make you save up to 60% on your car insurance when you're away for deployment for example.
- Family discount when your child gets his or her insurance from USAA he or she will obtain up to 10% discount on their insurance.
- Length membership discount will be qualified for this discount.
- Military installation discount will be a great option when you keep your vehicle on a military base, giving you up to a 15% discount. Military
Pros
- Ranked 1st on customer service.
- Often to be cheaper than GEICO, or the average car insurance company.
- USAA has a wide variety of coverage options for your vehicle.
- USAA offers new car replacement coverage
Cons
- You can only be eligible to buy their insurance policy if you're in the military service and their families.
- USAA doesn't offer GAP insurance coverage
- USAA doesn't offer a Diminishing deductible
GEICO car insurance
GEICO car insurance has the second largest market auto insurance share across the U.S. GEICO not only has the second most affordable car insurance rates but also, they have the largest amount of discounts for your vehicle, including for federal workers. GEICO often receives positive customer satisfaction ratings, they actually are in 3rd place on the customer satisfaction rates.
GEICO rating
- Financial strength (AM Best) A++
- J.D. Power (claim satisfaction) 881/1000
- J.D. Power (customer satisfaction) 77/100
- NAIC rating 1.33
- Good student discounts GEICO will offer you up to a 15% discount for your grades.
- Anti-lock break discount will give you a 5% discount for having installed ABS in your vehicle
- New vehicle discount will be yours if your car has less than 3 years old, giving you up to a 15% discount.
- Good driver discount will give you up to 22% discount on your premiums.
- Military discount will be also a good option if you serve your country in the military forces, giving you a 15% discount.
- Emergency deployment discount will be for those military members who deploy into imminent danger. This will give you up to a 25% discount.
- Multi-vehicle discount will be yours if you add 2 or more vehicles in GEICO car insurance, which will give you a 25% discount.
Pros
- They have affordable rates for most of their customers
- They have a wide range of discounts and coverage options.
- They have great satisfaction scores from their customers.
- They offer bundling with your home insurance
Cons
- Their rates are still higher compared to USAA.
- They don't have so many local agents
- You can't bund it up with your life insurance
- GEICO doesn't offer gap insurance
USAA vs GEICO car insurance policy rate comparison
As many factors would vary the final price of each policy such as your age, gender, marital status, credit score, driving records, location, or car specs, among others, we're going to check this comparison detailed below:
Average USAA car insurance pricing by age
- 17-year-old female driver will pay $2,826 per year
- 17-year-old male driver will pay $2,975 per year
- 25-year-old female drivers will pay $1,075 per year.
- 25-year-old male drivers will pay $1,138 per year.
- 30-year-old female drivers will pay $945 per year.
- 30-year-old male drivers will pay $958 per year.
- 50-year-old female drivers will pay $882 per year.
- 50-year-old male drivers will pay $895 per year.
- 60-year-old female drivers will pay $812 per year.
- 60-year-old male drivers will pay $835 per year.
Average GEICO car insurance pricing by age
- 17-year-old female driver will pay $3,125 per year
- 17-year-old male driver will pay $3,455 per year
- 25-year-old female drivers will pay $1,295 per year.
- 25-year-old male drivers will pay $1,302 per year.
- 30-year-old female drivers will pay $1,189 per year.
- 30-year-old male drivers will pay $1,254 per year.
- 50-year-old female drivers will pay $1,082 per year.
- 50-year-old male drivers will pay $1,165 per year.
- 60-year-old female drivers will pay $1,002 per year.
- 60-year-old male drivers will pay $1,045 per year.
Average USAA and GEICO rate difference by credit score
USAA
- Very poor credit score USAA drivers will pay $2,714
- Fair credit score USAA drivers will pay $1329
- Good credit score USAA drivers will pay $1,062
- Very good credit score USAA drivers will pay $937
- Exceptional credit score USAA drivers will pay $865
GEICO
- Very poor credit score GEICO drivers will pay $2,089
- Fair credit score GEICO drivers will pay $1,389
- Good credit score GEICO drivers will pay $1,512
- Very good credit score GEICO drivers will pay $1,172
- Exceptional credit score GEICO drivers will pay $1,060
Average USAA and GEICO rate difference by citations
USAA
- At-fault accidents will pay $1,648 per year
- DUI or DWI will pay $2,195 per year
- Driving recklessly will pay $1,5016'75 per year
- Speeding tickets will pay $1,372 per year
GEICO
- At-fault accidents will pay $2,097 per year
- DUI or DWI will pay $2,978 per year
- Driving recklessly will pay $2,286'78 per year
- Speeding tickets will pay $1,565'78 per year
Conclusion
- Both USAA and GEICO are great options for any driver across the U.S.
- USAA has the best rated best-rated claim satisfaction for their customers.
- GEICO offers great discounts for their customers.
- GEICO will be your best option if you don't have any family members working in the military forces.
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