Buckeye vs. GEICO: Which Company is the Best Fit for You?

Quick Facts

• In general, Buckeye offers significantly more affordable rates than GEICO
• Buckeye has cheaper prices for policyholders who live in the suburbs
• GEICO offers more discounts than Buckeye Insurance Group

Buckeye vs. GEICO: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering large discounts. But exactly how much can you save by switching?

You might be considering Buckeye or GEICO, but which one has less expensive rates for insurance?

Looking at the national average rates for both companies, Buckeye is quite a bit cheaper than GEICO, with prices averaging $132 per month compared to $185 with GEICO.

That being said, that doesn't necessarily mean Buckeye will be the more affordable option for each driver. Auto insurance carriers vary their premiums depending on things like how good your credit score is, how clean your driving record is, how old you are, where you live, and tons of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

Wanting to know if Buckeye or GEICO is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Buckeye or GEICO: Average Car Insurance Rates by State

Buckeye and GEICO only compete against each other in two states, with GEICO offering cheaper rates to the average driver in all of them. Ohio has the most noticable difference, where GEICO prices are over 20% less expensive than insurance rates at Buckeye.

That being said, there are plenty of other factors that go into your auto insurance payment than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any group out there on the road. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high insurance premiums. As you can see above, teens who use Buckeye save $100 a month compared to those who use GEICO.

However, with both companies, you'll see your prices reduce significantly by the time you turn 25. GEICO offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Buckeye still has the lowest rates at $114 per month.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance premiums you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

But who has the best prices for retired drivers between Buckeye and GEICO? Buckeye gets the edge here, with average premiums coming in at about $105 monthly compared to GEICO's $148.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance prices than married drivers. That's because policies for married policyholders usually cover more than one car, which lots of carriers will offer you a discount for.

When it comes to relationship status, Buckeye is the clear winner for single drivers, with premiums around $58 per month more affordable than GEICO, on average. The advantage is also clear for married couples - Buckeye offers the most affordable average rates.

Buckeye vs. GEICO: Average Rates by Gender

Did you know women tend to pay less for car insurance than men? This is because men are statistically more likely than women to get pulled over for speeding or get into an accident, which leads to increased risk for insurers and, therefore, higher prices.

Men normally pay more than 10% more a month than women with Buckeye, and about 4% more with GEICO.

When it comes to the cheapest premiums for each gender, Buckeye comes out as the most affordable option for both genders. On average, women save about $56 per month and men save around $49 with Buckeye compared to the average GEICO policyholder.

Buckeye or GEICO: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be a complicated subject for most people. There are so many different limits and terms that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability coverage).

If you're looking for state minimum liability insurance, Buckeye typically offers significantly cheaper rates of $73 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Buckeye again has the edge, with policies about $80 a month less expensive than GEICO, on average.

Is Buckeye or GEICO Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

At-fault accidents and tickets will most likely raise your premiums, but is Buckeye or GEICO more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Buckeye policyholders can expect their rates to go up an average of $6 per month if they get a ticket, while GEICO generally raises prices around $35 a month, on average.

Even so, Buckeye tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering premiums that are 30% and 42% cheaper, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

Buckeye drivers who get in an accident can expect to see their rates climb by over 15%, while those who have insurance through GEICO will see about a 45% increase.

Overall, Buckeye offers the lowest prices for drivers with an at-fault accident on their records, with monthly premiums averaging $98 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. On average, Buckeye will increase your rates around 69% after a DUI, while GEICO's average prices rise by just under 60%.

How does Credit Score Impact Buckeye and GEICO Rates?

Often times, your credit score can be used as one of the factors to calculate your monthly car insurance premiums. This isn't always the case (for example, California and Hawaii are two states that ban the practice entirely), but it will come into play for several policyholders.

The reasoning insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive rates.

Looking at Buckeye and GEICO specifically, which carrier has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Buckeye or GEICO Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly rates. Usually, those who drive less will end up with cheaper prices since there's less of a chance of getting into an accident and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Buckeye charges. However, there's a small difference in monthly premiums for GEICO, with policyholders who drive the least paying about $8 less every month compared to those who drive 12,000 miles yearly. Still, Buckeye is the less expensive option for drivers in both categories.

Buckeye vs. GEICO: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a pretty big impact as well. Generally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because there are a lot more vehicles on the road in those areas, which increases the chances of an accident.

Buckeye tends to offer the cheapest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Buckeye offers rates around $131 a month compared to GEICO's $211. People who live in suburban ZIP codes can expect to pay about $159 per month for Buckeye and $185 for GEICO. Lastly, those in rural areas tend to get the most affordable prices from both carriers, with average monthly rates coming in at $107 and $159 for Buckeye and GEICO respectively.

Buckeye vs. GEICO Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many car insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

Below, we've compared all of the different discounts offered by Buckeye and GEICO so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

GEICO knocks Buckeye out of the park when it comes to the sheer number of discounts available, offering 28 different discounts to Buckeye's 28.

There are a couple discounts both companies offer, but GEICO also offers ABS discounts, commercial drivers license discounts, COVID-19 relief discount, and more that Buckeye does not.

On the flip side, Buckeye has a unique discount of its own -- a renewal discounts.

Final Thoughts: Is Buckeye or GEICO Best for You?

So, you've seen how different variables can affect your insurance premiums. We've shown you all the discounts each company offers, too. But, at the end of the day, is Buckeye or GEICO the best fit for you?

Buckeye might be best for you if....

• You have a speeding ticket on your driving record.
• You want basic auto insurance coverage at the state minimum limits.
• You live in a rural area.

GEICO might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies to residents.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between Buckeye and GEICO and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just Buckeye and GEICO. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Buckeye vs. GEICO FAQs

Is Buckeye or GEICO cheaper?

Looking just at the national average prices, Buckeye is the more affordable of the two carriers, offering average rates of $132 a month compared to $185 for GEICO. However, Buckeye won't necessarily be the cheapest carrier for each driver, since there are a bunch of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Buckeye or GEICO?

Unfortunately, the real answer is "it depends.". No one company is necessarily "better" for everyone -- it all comes down to what your unique insurance profile looks like.

Why do Buckeye and GEICO offer me different rates?

Auto insurance companies take a look at quite a few different variables when calculating the rates they charge policyholders. Things like your driving record, where you park your car, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Buckeye and GEICO use different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Buckeye or GEICO is right for me?

The only way to find the insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the most affordable price. And who knows, the best carrier for you might not be Buckeye or GEICO at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.