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

Quick Facts

• In general, GEICO offers significantly cheaper prices than Frankenmuth
• GEICO has more affordable premiums for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• GEICO offers more discounts than Frankenmuth Insurance

Frankenmuth 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 it down to Frankenmuth or GEICO for your next policy, but which company will offer you less expensive rates?

As you can see, Frankenmuth has average rates that are about 40% per month more expensive than those from GEICO when looking at the national average rates for insurance.

However, that doesn't mean GEICO will necessarily be cheaper than Frankenmuth for every driver. Auto insurance companies use tons of complex algorithms to calculate premiums, so depending on where you live or how clean your driving record is (among several other factors), you could see wildly different prices from the ones above.

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

Frankenmuth or GEICO: Average Car Insurance Rates by State

Frankenmuth and GEICO only compete against each other in two states, with GEICO offering more affordable premiums to the average driver in all of them. Michigan has the most noticable difference, where GEICO prices are over 30% less expensive than insurance rates at Frankenmuth.

That being said, there's a lot more that goes into your car insurance payment than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. Just look at the table above -- where 18-year-old drivers who have GEICO for their insurance pay more than $300 less than those who use Frankenmuth.

But both carriers will offer you dramatically lower premiums by the time you turn 25. For example, average prices for Frankenmuth policyholders decrease over 55% and GEICO's premiums reduce more than 55% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? GEICO gets the edge here, with average rates coming in at around $148 per month compared to Frankenmuth's $215.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper insurance prices than single drivers. This usually boils down to married couples having more than one car on their policy -- something several auto insurance companies will reward with discounts.

When it comes to relationship status, GEICO is the clear winner for single policyholders, with rates about $156 a month more affordable than Frankenmuth, on average. The advantage for married policyholders with GEICO is also obvious, where drivers save over $100 per month.

Frankenmuth vs. GEICO: Average Rates by Gender

Women generally to pay less for insurance than men. This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

Normally, men see prices around $6 a month higher with Frankenmuth, and about $8 more with GEICO.

When it comes to the most affordable premiums for each gender, GEICO offers the cheapest average prices for both men and women. On average, women save about $134 per month and men save around $132 with GEICO compared to the average Frankenmuth policyholder.

Frankenmuth 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 isn't the easiest topic to understand. There are a range of different coverages that account for lots of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability coverage).

If you're looking for state minimum liability insurance, GEICO usually offers significantly less expensive rates of $101 compared to Frankenmuth's $214. When it comes to full coverage policies with similar limits, GEICO again has the edge, with policies about $150 a month more affordable than Frankenmuth, on average.

Is Frankenmuth 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.

You'll probably end up paying more with tickets and collisions on your record, but which of these two carriers offers the most affordable premiums to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Frankenmuth policyholders can expect their rates to go up an average of $74 per month if they get a ticket, while GEICO generally raises prices around $35 a month, on average.

That being said, GEICO has less expensive premiums for drivers in both categories. Drivers with a clean record can save about $58 per month and drivers with a speeding ticket can save around $97 a month with GEICO.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Frankenmuth can expect to see about an $41 -- or around 19% -- increase in their insurance rates. Drivers who use GEICO for their auto insurance will see a monthly bill about $85 (or 43%) more expensive after reporting a collision to their car insurance company.

Overall, the cheaper premiums come from GEICO, with monthly prices averaging $200 compared to Frankenmuth Insurance's $214.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- normally a lot more than an accident or ticket. Frankenmuth drivers usually see a 73% climb in their insurance rates after a DUI charge, while GEICO will typically increase premiums by around 58%.

How does Credit Score Impact Frankenmuth and GEICO Rates?

Did you know that many car insurance companies take your credit score into account when calculating prices? 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.

Auto insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Frankenmuth and GEICO, which one has the best rates 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 Frankenmuth or GEICO Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much insurance carriers will charge for coverage. Normally, those who drive less will end up with more affordable premiums since there's less of a chance of getting into a collision 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 Frankenmuth charges. However, there's a small difference in monthly prices for GEICO, with drivers who put 6,000 miles on their car annually paying about $8 less every month compared to those who drive 12,000 miles yearly. Still, GEICO is the cheaper option for drivers in both categories.

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

Where your home is can play a substantial role in how much you pay for car insurance. Generally, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads in those areas.

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

Policyholders in rural ZIP codes see the cheapest premiums from both companies, but GEICO comes out on top with average rates around $159 a month. GEICO also has less expensive average prices for drivers in urban and suburban ZIP codes -- a 47% and 36% per month respective difference when compared to Frankenmuth policyholders in similar areas.

Frankenmuth 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.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you qualify for.

In the section below, we've compared all of the different discounts offered by Frankenmuth and GEICO so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

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

Both carriers offer many of the same discounts -- like distant student discounts, group discounts, and multi-policy discounts -- but GEICO also offers ABS discounts, anti-theft discounts, commercial drivers license discounts, and more that Frankenmuth does not.

On the flip side, Frankenmuth has a couple unique discounts of its own -- advance quote discounts, family discounts, life policy discounts, and more.

Final Thoughts: Is Frankenmuth or GEICO Best for You?

So, you've seen how different factors can affect your insurance rates. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Frankenmuth or GEICO the best one for you and your specific driver profile?

GEICO might be best for you if....

• You have a clean driving record, free of accidents, tickets, or DUIs.
• Your credit is below-average.
• You are over 65 years old and want to save some money on your auto insurance.

Frankenmuth might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a better idea of the difference between Frankenmuth and GEICO. We also hope we've given you the information you need to make the best decision when it comes to 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 multiple companies, not just Frankenmuth and GEICO. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

Frankenmuth vs. GEICO FAQs

Is Frankenmuth or GEICO cheaper?

Looking just at the national average prices, GEICO is the cheaper of the two companies, offering average rates of $185 a month compared to $318 for Frankenmuth. But GEICO won't necessarily be the lowest carrier for everyone, since there are a variety of different variables that come into play when it comes to your car insurance cost.

Who is better, Frankenmuth 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 insurance profile.

Why do Frankenmuth and GEICO offer me different rates?

Car insurance carriers take a look at lots of different factors when determining the premiums they charge drivers. Variables like gender, age, where you park your car, your driving record, and sometimes even things like your credit score can all come into play. Both Frankenmuth and GEICO calculate prices using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once 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 most affordable premium. And who knows, the best carrier for you might not be Frankenmuth 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.