Esurance Vs GEICO

Do you need cheap car insurance? Esurance vs GEICO is a battle between two cheap insurance companies. In this comparison we will be reviewing claims satisfaction, insurance prices, discounts available, and more.

Esurance Vs GEICO: 6 Differences (Easy Choice)

Let’s learn about both insurance companies.

Esurance is a fairly young auto insurance company compared to other providers such as State Farm, Allstate, Nationwide, etc. Jean-Bernard Duler, Jeffrey L. Goodman, Huyen Bui, David Griffin, and Charles Wallace founded Esurance in 1999. However, in 2011 Esurance was bought out by Allstate for 1 Billion dollars.

GEICO is one of the industry leading auto insurance companies. GEICO grew exponentially in 2016. In 2016 alone, they made over $25 billion in revenue.

 

Pricing comparison

You can get cheap quotes with both insurance companies. In fact, GEICO insurance is $400 cheaper than the yearly national average. Last year I purchased a 1-year old car and I compared different quotes. Measuring the same variables for the same car with full coverage I was able to receive a quote for $180/mo with GEICO.

With Esurance I received a quote for $300+. Value Penguin did a yearly premium study for basic liability with 31-year old males driving a Toyota Camry. Esurance drivers averaged $1,065 and GEICO drivers averaged around $775. On Average GEICO offers better pricing, but you have to compare quotes yourself to see which company helps you to save more on car insurance.

 

Discounts offered for their customers

Always make sure that you know every discount possible that you are eligible for. Many people could be saving $20+ a month on their premium but they don’t take the time to see if there are discounts that they are eligible for. Both companies offer unique discounts that you may have not known existed.

 

GEICO discounts and features 

Five-Year Accident-Free –  If you have not had an accident in 60 months or longer, then you can save up to 26% on most coverages.

Good Student – Students who do well in school, will always get rewarded in life. If a student holds a good academic record he/she can save 15% on their premium.

Military – Are you a member of the army either active or retired? If so, you can end up saving 15% on your total premium. You may be able to save more if you’re part of an emergency deployment.

Seat Belt Use – All that you have to do for this discount is “click it.” This discount allows you to save up to 15% off the medical payments or personal injury protection portion of your premium.

Membership And Employee Discounts – Depending on what school you go to, the job that you have, or the organization that you are part of, you could save over 5% on your auto insurance. With over 500 groups listed on GEICO’s site there is a strong chance that you will qualify.

Vehicle Equipment – You can save over 5% if your vehicle has airbags, an anti-lock braking system, anti-lock braking system, and daytime running lights.

Mobile app – #1 rated insurance app. Easy for beginners, allows changes to policies, digital ID cards, roadside assistance, and a virtual assistant.

 

Esurance discounts 

Good Driver discount – Would you like to save 30% – 40% off your insurance premium? All that you need for this discount is a valid driver’s license for at least 36 months with one or zero penalty points on your record.

Fast 5 discount – This is a simple discount that allows you to save five percent on your first-term premium.

Claim-Free discount – When you go 5 years without a claim or DUI/DWI conviction you can save on your premium. Depending where you live you can save 10%- 25%.

Online Shopper discount – With the online shopper discount all you have to do is get an Esurance quote online and you qualify for a discount. The amount that you are able to save with this discount depends on several factors.

Pac-12 discount – Esurance loves sports! To receive this discount you have to attend or be an Alum of one of their Pac-12 schools. A few eligible schools include The University of Arizona, Arizona State University, University of Colorado Boulder, University of Oregon, Oregon State University, Stanford University, University of California at Los Angeles (UCLA), University of Southern California (USC), University of Washington, Washington State University, and more.

Switch & Save – I love when insurance providers offer switch and save. Let’s be honest, sometimes we’re just tired of our insurance companies. They might have awful customer service. They might have jacked your rates up after your initial term was over.

Maybe they left you without help when you needed them to come through  with a fair settlement, or maybe you just found a better insurance company. Regardless of the reason, when you switch from another insurance company to Esurance, you can save 5 percent off your premium.

Mobile app – Shops & services, roadside assistance, make payments, file a claim, and  notifications.

 

Multi-policy

Both companies offer an extensive list of insurance policies to choose from. The more insurance policies that you combine with your insurer the more you can save.

 

Here is a list of the insurance options that Esurance has to offer.

Esurance offers car, motorcycle, ATV, boat/PWC, RV, travel trailer, snowmobile, classic vehicle, commercial auto, scooter, golf cart, segway, homeowners, renters, condo, flood, umbrella,  health, life pet, cell phone, Canada, Mexico, and business insurance.

 

Here is a list of the insurance options that GEICO has to offer.

GEICO offer homeowners, renters, condo, motorcycle & ATV, boat, umbrella, RV, collector auto, mobile home, flood, commercial auto, general liability, professional liability, business owner’s, workers’ compensation, life,  ridesharing, travel, overseas, identity protection, pet, jewelry, and landlord insurance.

 

Claims comparison

There is no denying that your insurance claims matter. You purchase car insurance for security. You always want to be prepared just in case you ever get into an accident or any auto related emergency.

In JD Power’s claims study GEICO scored higher than Esurance in overall claims satisfaction.  GEICO received 4 out of 5 stars while Esurance received 3 out of 5 stars. Not only did GEICO beat out Esurance but they also beat out State Farm, Allstate, 21st Century, Progressive, and a plethora of other well-known companies.

When we compared all JD Power rating factors we noticed that GEICO outscored Esurance in every category. If your main goal for getting car insurance is to be prepared, then you would choose GEICO because they handle claims better.

 

Ridesharing insurance

If you drive for rideshare companies such as Uber or Lyft, then you are going to need insurance that you can count on. Not all insurance companies offer rideshare insurance. Esurance does not offer ridesharing insurance, but GEICO does. However, coverage is not available in all states.

 

Website

Both sites are straightforward, but there is no denying that the Esurance website is one of the easiest sites to get a quote from. There is a huge quote box on their main page.

With that said, GEICO ‘s site is simpler for beginners.  You are able to access your policy on the right. You can report a claim or view a claim, make a payment, view your ID card, and more on the bottom footer.

 

My recommendation

When we compare both insurance companies with 10 of the largest auto insurance providers, they both excel in price. They are both good cheap options. However, GEICO easily wins the comparison. GEICO beats out Esurance in claims, discounts, and national pricing averages. I strongly recommend that you compare quotes today.

In Category: Compare Car Insurance
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