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

Quick Facts

• Looking at the national averages for auto insurance, GEICO offers significantly more affordable prices than Foremost
• Foremost offers less expensive average rates for drivers with a DUI charge on their record
• GEICO tends to be a much cheaper option for residents of rural areas

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

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Foremost or GEICO as your top options, but which one will save you the most?

Looking at the national average rates for both companies, Foremost has average rates that are about 30% per month more expensive than those from GEICO.

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

So, if you want to find out which of Foremost or GEICO is really the best for you, keep reading to see average rates for each company broken down by several different rate factors.

Foremost or GEICO: Average Car Insurance Rates by State

Foremost and GEICO only compete against each other in three states, with GEICO offering cheaper premiums to the average driver in all of them. New Jersey has the most noticable difference, where GEICO prices are over 70% more affordable than auto insurance rates at Foremost.

But there's more to calculating insurance prices than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any other group of drivers out there on the road. It's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. As you can see above, teens who use GEICO save more than $200 a month compared to those who use Foremost.

But both companies will offer you dramatically lower premiums once you turn 25. For example, average rates for Foremost policyholders decrease nearly $350 and GEICO's premiums reduce over $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the cheapest insurance rates you'll ever find. After all, they've likely been driving for quite some time, which normally lowers their chances of accidents and other infractions that can increase prices.

But who has the best rates for retired drivers between Foremost and GEICO? GEICO gets the edge here, with average prices coming in at around $148 monthly compared to Foremost's $219.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive car insurance premiums than married drivers. That's generally because married couples tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, GEICO is the clear winner for those who are single, with rates about $107 per month cheaper than Foremost, on average. The advantage is also clear for married policyholders - GEICO offers the most affordable average prices.

Foremost vs. GEICO: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding, which means they'll typically end up paying more for auto insurance than women.

Usually, women see premiums around 1% a month less with Foremost, while with GEICO, the difference is closer to 4% per month.

When it comes to the lowest rates for each gender, GEICO offers the cheapest average prices for both men and women. On average, women save about $87 a month and men save about $83 with GEICO compared to the average Foremost policyholder.

Foremost 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.

Car insurance can be a complicated subject for most people. Everyone needs auto insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum liability insurance, GEICO usually offers significantly more affordable premiums of $101 compared to Foremost's $173. When it comes to full coverage policies with similar limits, GEICO again has the edge, with policies around $95 per month less expensive than Foremost, on average.

Is Foremost or GEICO Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Tickets and at-fault collisions will most likely raise your premiums, but is Foremost or GEICO cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Foremost policyholders can expect their rates to go up an average of $56 a month if they get a ticket, while GEICO generally raises premiums about $35 per month, on average.

Even so, GEICO tends to offer the best prices for drivers both with a speeding ticket and with a clean record -- their rates are around 43% less expensive for drivers with clean records and 42% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Foremost can expect to see around an $179 -- or about 47% -- increase in their insurance prices. Drivers who use GEICO for their auto insurance will see a monthly bill around $85 (or 43%) more expensive after reporting an accident to their car insurance carrier.

Overall, the cheaper rates come from GEICO, with monthly prices averaging $200 compared to Foremost Insurance Group's $381.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your auto insurance bill. GEICO drivers usually see a 58% raise in their insurance rates after a DUI charge, while Foremost will typically climb premiums by about 15%.

How does Credit Score Impact Foremost and GEICO Rates?

Did you know that many car insurance companies take your credit score into account when calculating rates? Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for a lot of drivers.

The reasoning insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will normally be forced to pay more.

So, which company offers the best prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

Did you know that the amount of time you spend in your car have a sizable impact on your monthly rates? Usually, the more miles you drive, the more you can expect to pay for auto insurance.

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

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

Where you park your car can have a large impact on your monthly insurance bill. Normally, those who live in rural areas will pay less than policyholders in urban areas because there are a lot fewer vehicles on the roads in those areas.

GEICO tends to offer the most affordable premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest rates from both carriers, but GEICO comes out on top with average premiums about $159 per month. GEICO also has less expensive average prices for policyholders in urban and suburban ZIP codes -- a $107 and $102 a month respective difference when compared to Foremost drivers in similar areas.

Foremost vs. GEICO Discounts

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

The challenging part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've taken a look at all of the different discounts Foremost and GEICO offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

GEICO knocks Foremost out of the park when it comes to the sheer number of discounts available, offering 16 more discounts than Foremost.

A couple of those are overlapping for things like distant student discounts, EFT discounts, and paid in full discounts. GEICO also offers ABS discounts, commercial drivers license discounts, COVID-19 relief discount, and more that Foremost does not.

On the flip side, Foremost has a couple unique discounts of its own -- advance quote discounts, minor child discounts, multi-car/single driver discounts, and more.

Final Thoughts: Is Foremost or GEICO Best for You?

So, you've seen how different factors can affect your car insurance rates. We've shown you all the discounts each company offers, too. But, at the end of the day, is Foremost or GEICO the best carrier for you, your vehicle, and your wallet?

GEICO might be best for you if....

• You're single and purchasing auto insurance by yourself.
• You want basic car insurance coverage at the state minimum limits.
• You drive fewer than 6,000 miles yearly.

Foremost might be best for you if...

• You have a DUI charge on your record.

We hope this guide helps you get a better idea of the difference between Foremost and GEICO and that it aids in making a more informed decision about your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Foremost 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 insurance carriers in your area, all in just a few minutes.

Foremost vs. GEICO FAQs

Is Foremost or GEICO cheaper?

Looking just at the national average prices, GEICO is the cheaper of the two companies, offering average rates of $185 per month compared to $270 for Foremost. However, GEICO won't necessarily be the most affordable carrier for everyone, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Foremost or GEICO?

Unfortunately, the real answer is "it depends.". One company is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Foremost offers less expensive premiums for drivers with a recent DUI, while GEICO is more affordable for drivers with excellent credit.

Why do Foremost and GEICO offer me different rates?

Car insurance carriers take a look at quite a few different factors when determining the prices they charge policyholders. Things like where your home is, where you call home, gender, age, and sometimes even things like your credit score can all come into play. Both Foremost and GEICO calculate premiums using different variables, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Foremost 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 carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Foremost 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.