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

Quick Facts

• In general, GEICO offers significantly cheaper premiums than Fremont
• GEICO has more affordable prices for policyholders whose driving record contains an at-fault collision
• GEICO offers more affordable premiums for policyholders who live in rural neighborhoods

Fremont or GEICO: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering huge savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Fremont or GEICO as your top options, but which one has less expensive prices for auto insurance?

Looking at nationwide averages, GEICO is quite a bit cheaper than Fremont, with rates averaging $185 a month compared to $562 with Fremont.

Even so, that doesn't mean GEICO will necessarily be cheaper than Fremont for every driver. Insurance carriers vary their prices depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and all sorts of other factors, so rates will differ quite a bit from person to person.

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

Fremont vs. GEICO: Average Car Insurance Rates by State

Fremont and GEICO only compete against each other in Michigan, where GEICO offers the cheaper average rates. GEICO drivers tend to pay about $185 per month less on average compared to drivers who use Fremont for their auto insurance.

There's a lot more that goes into your car insurance bill than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any group on the road. Generally, that's because teen 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. Just look at the table above -- where 18-year-old drivers who have GEICO for their car insurance pay over 75% less than those who use Fremont.

But with both companies, you'll see your rates drop significantly by the time drivers turn 25. For example, average prices for Fremont policyholders decrease more than 70% and GEICO's premiums reduce over 55% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

So, which carrier offers the best premiums to retired drivers? GEICO gets the edge, with prices for drivers 65 and older almost 55% more affordable than the national average for Fremont.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are usually less expensive for married policyholders than they are for single drivers? This usually boils down to married couples having more than one vehicle on their policy -- something many insurance carriers will reward with discounts.

For single policyholders, the difference in average premiums between these two companies is significant, with GEICO rates coming in at around a third of Fremont's. The advantage for married drivers with GEICO is also obvious, where drivers save more than 60% a month.

Fremont or GEICO: Average Rates by Gender

You may not know, but men normally pay more for car insurance than women do. That's because women are less likely to get tickets and get into collisions, which decreases the chances of filing a claim with insurance.

Women and men end up paying same monthly prices with Fremont, and about 4% with GEICO.

Looking at overall affordability, GEICO offers the cheapest average premiums for both men and women. On average, women save about $381 per month and men save around $373 with GEICO compared to the average Fremont policyholder.

Fremont vs. 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 auto insurance can be pretty complicated. Everyone needs insurance, but there are so many different limits and coverages that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside what you get with a liability policy).

Looking specifically at state minimum liability limits, GEICO has the significant edge, with average monthly rates coming in at $101. If you want a full coverage policy with the same state minimum limits, GEICO again has the edge, with policies averaging about $269 a month to Fremont's $790.

Is Fremont or GEICO Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with collisions and speeding tickets on your record, but which of these two carriers offers the lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Fremont for their insurance can generally expect their monthly bill to go up around 38% after getting a speeding ticket. GEICO policyholders can expect a less drastic increase of about 23%.

However, GEICO has more affordable premiums for drivers in both categories -- their rates are around 49% less expensive for drivers with clean records and 59% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Fremont drivers who get in an accident can expect to see their prices increase by over 25%, while those who have insurance through GEICO will see around a 45% increase.

At the end of the day, drivers who use GEICO end up with the cheaper prices after an accident, with average premiums coming in at $200 compared to Fremont Insurance's $307.

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 car insurance bill -- normally a lot more than a collision or ticket. For example, Fremont increases average rates by more than $500 per month -- that's nearly a 85% increase.

How does Credit Score Impact Fremont and GEICO Rates?

Did you know many insurance companies take into account your credit score when determining premiums? This isn't true for everyone (for example, Hawaii and Massachusetts are two states that ban the practice entirely), but it might come into play for several policyholders.

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

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

How much you drive can have a large impact on your monthly auto insurance cost. Usually, the more milage you put on your car, the more you can expect to pay for car insurance.

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

Fremont or GEICO: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a substantial role in how much you pay for auto insurance. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

GEICO boasts the cheapest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, GEICO's average prices are around $471 less than Fremont Insurance. People who live in suburban areas pay about $351 less with GEICO compared to Fremont. Those in rural areas can expect to save around $308 with GEICO compared to Fremont.

Fremont vs. GEICO Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where insurance discounts comes into play.

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

Luckily, we did the hard work for you and looked at all of the different discounts Fremont and GEICO offer their customers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

GEICO blows Fremont away when it comes to the sheer amount of discounts available, offering 14 more discounts than Fremont.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a defensive driver, discounts for being a good driver, and discounts for insuring multiple cars with the same company. GEICO also offers discounts for commercial drivers license, deployed driver, distant student, and more.

On the other hand, Fremont has a few proprietary discounts of their own for things like garage discounts, premier risk discounts, and umbrella policy discounts.

Final Thoughts: Is Fremont or GEICO Best for You?

You've seen the role certain variables have on your auto insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which carrier is the right company for you and your specific profile and needs?

GEICO might be best for you if....

• You want to save money on your insurance after an accident.
• You're of retirement age and want to take advantage of lower rates.

Fremont might be best for you if...

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

Hopefully, this guide has ben a valuable resource as you compare Fremont and GEICO and that you can now make a more informed decision when it comes to your car insurance.

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

Fremont vs. GEICO FAQs

Is Fremont or GEICO cheaper?

GEICO is the more affordable of the two carriers when looking at national average premiums, with policies averaging $185 a month with GEICO and $562 for Fremont. That being said, that doesn't mean GEICO will be the lowest company for everyone, since there are a range of different factors that are considered when it comes to your car insurance payment.

Who is better, Fremont or GEICO?

Sadly, the answer truly is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Fremont and GEICO offer me different rates?

Car insurance companies use a lot of different variables when calculating the prices they charge. Things like where you park your vehicle, age, gender, where your home is, and sometimes even things like your credit score can all come into play. Both Fremont and GEICO calculate premiums using different factors, so it's likely they'll offer different prices. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the cheapest price. And maybe you'll find that the best company for you isn't Fremont or GEICO at all, but another you hadn't even thought of!

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.