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

Wondering if GEICO or Le Mars is the best auto insurance carrier for you, your vehicle, and your wallet? We've broken down all the rates and discounts for both companies to help you make a more informed decision. Read on to learn more.
Newly insured car driving down the road
Why You Can Trust Compare.com trust shield

At Compare.com, it's our mission to find simple ways to help our customers save money on the things they need. While we partner with some of the companies and brands we talk about in our articles, all of our content is written and reviewed by our independent editorial team and never influenced by our partnerships. Learn about how we make money, review our editorial standards, and reference our data methodology to learn more about why you can trust Compare.com.

Quick Facts

  • Based on national averages for insurance, GEICO offers significantly more affordable premiums than Le Mars
  • GEICO tends to be a much less expensive option for drivers who have below-average credit
  • Le Mars offers more affordable prices for policyholders who live in suburban areas


GEICO or Le Mars: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to GEICO or Le Mars, but between the two, which carrier has cheaper premiums for auto insurance?

GEICO Le Mars
$185$234

Looking at nationwide averages, GEICO is around $49 a month less expensive than Le Mars.

But GEICO may not be the lowest or best option for every driver out there. Car insurance carriers vary their prices depending on things like how good your credit score is, how clean your driving record is, where you live, how old you are, and a variety of other factors, so rates will change quite a bit from person to person.

Luckily, we've broken down average premiums from both GEICO and Le Mars by a range of different rate factors, so read on to find out which company is the best for you.

GEICO vs. Le Mars: Average Car Insurance Rates by State

State GEICO Le Mars
IA$107$234

GEICO and Le Mars only compete against each other in Iowa, where GEICO offers the cheaper average prices. GEICO drivers tend to pay about $127 per month less on average compared to drivers who use Le Mars for their insurance.

There's a lot more that goes into your auto insurance payment than just the state you live in. Continue reading to learn more about how other variables will affect your rates.


Find your best rate in just a few minutes


Which is the Best Company For Young Drivers?

GEICO Le Mars
18-year-old drivers$369$422
25-year-old drivers$163$215

Young drivers -- especially teens -- typically pay a lot for insurance compared to older drivers. 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 rates, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of almost 15% less a month by choosing GEICO over Le Mars. It's worth noting that GEICO offers car insurance in 50 different states compared to Le Mars's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both companies, you'll see your rates drop significantly by the time you turn 25. Le Mars offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, GEICO still has the most affordable prices at $163 monthly.

Which is the Best Company for Retired Drivers?

GEICO Le Mars
65+-year-old drivers$148$196

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you'll ever see.

When looking at GEICO and Le Mars specifically, which carrier is best for retired drivers? GEICO gets the edge, with premiums for drivers 65 and older nearly 25% more affordable than the national average for Le Mars.

Which is the Best Company for Married Drivers?

GEICO Le Mars
Single$208$266
Married$154$192

Did you know that auto insurance prices are usually more expensive for those who are single than they are for married couples? That's normally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two carriers is significant, with GEICO rates coming in at a quarter less than Le Mars's. The advantage for married drivers with GEICO is also obvious, where drivers save almost 20% per month.

GEICO or Le Mars: Average Rates by Gender

GEICO Le Mars
Male$189$249
Female$181$220

Because women are less likely to get into accidents and get tickets, they have a lower chance of filing a claim with insurance. So, insurance companies will often charge women less than men.

Normally, men see prices about 4% a month higher with GEICO, and over 10% with Le Mars.

Looking at the data for each company specifically, GEICO comes out as the lowest option for both genders, with average premiums 24% less for men and 18% cheaper for women.


Find your best rate in just a few minutes


GEICO vs. Le Mars: Compare State Minimum vs. Full Coverage Rates

GEICO Le Mars
State Minimum*$101$78
Full Coverage**$269$391

*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.

For most people, car insurance can be pretty complicated. There are so many different limits and coverages that it can make it pretty confusing 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 and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability).

When it comes to state minimum liability insurance, Le Mars has the edge, while GEICO offers the most affordable average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $25 with Le Mars Insurance Company, while full coverage comes out to be around $100 cheaper with GEICO.

Is GEICO or Le Mars Better for Drivers with Spotty Records?

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

It's no secret secret that collisions and speeding tickets lead to higher rates, but which carrier -- GEICO or Le Mars -- has the cheapest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO Le Mars
Clean Record$115$138
1 Speeding Ticket$150$180

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

Even so, GEICO is typically the less expensive option for both drivers who have a recent ticket and those with clean records, offering premiums that are $23 and $30 cheaper, respectively, compared to Le Mars Insurance Company.

Which Company is Best for Drivers After an Accident?

GEICO Le Mars
Clean Record$115$138
1 At-Fault Accident$200$186

After an accident, drivers who have their auto insurance through GEICO can expect to see about an $85 -- or around 43% -- rise in their car insurance rates. Drivers who use Le Mars for their auto insurance will see a monthly bill about $48 (or 26%) more expensive after reporting an accident to their insurance company.

At the end of the day, Le Mars offers the lowest prices for drivers with an at-fault collision on their records, with average rates coming in at $186 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

GEICO Le Mars
Clean Record$115$138
1 DUI$275$434

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. On average, Le Mars will climb your premiums around 68% after a DUI, while GEICO's average rates rise by nearly 60%.

GEICO has the overall cheapest premiums for drivers with a DUI on their records at $275 a month, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Le Mars, so the data may be skewed slightly.


Find your best rate in just a few minutes


How does Credit Score Impact GEICO and Le Mars Rates?

In many cases, your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (for example, Massachusetts and California are two states that ban the practice entirely), but it does affect a lot of policyholders out there.

Car insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with more affordable prices.

So, which carrier offers the most affordable premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

GEICO Le Mars
Excellent Credit Score$131$135
Good Credit Score$164$180

If you have a great credit score, GEICO will normally reward you the most. For drivers with "excellent" credit scores, GEICO comes in NaN cheaper. Drivers with "good" credit scores usually save about 9% with GEICO compared to average rates from Le Mars.

Which Company is Best for Drivers with Bad Credit?

GEICO Le Mars
Fair Credit Score$197$221
Poor Credit Score$253$401

GEICO typically offers lower prices than Le Mars when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 11% per month less with GEICO compared to Le Mars, and those with "poor" scores normally save an average of about 37% per month.


Find your best rate in just a few minutes


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

GEICO Le Mars
6,000 Annual Miles$181$219
12,000 Annual Miles$189$249

The amount of time you spend behind the wheel of your car plays a big role in your monthly insurance bill. Typically, the more milage you put on your car each year, the more you can expect to pay for car insurance.

For both remote workers and those taking short commutes, GEICO tends to be the more affordable option. Le Mars average rates for drivers with 6,000 annual miles come in around $38 more expensive than GEICO. Those who drive 12,000 miles annually can expect to pay about $60 more with Le Mars over GEICO.

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

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

GEICO Le Mars
Urban Areas$211$290
Suburban Areas$185$179
Rural Areas$159$235

GEICO boasts the lowest average premiums in rural and urban areas, while Le Mars wins in suburban areas.

For policyholders in urban ZIP codes, GEICO's average prices are around 27% less than Le Mars Insurance Company. People who live in suburban areas pay about 3% less with Le Mars compared to GEICO. Those in rural areas can expect to save around 32% with GEICO compared to Le Mars.

GEICO vs. Le Mars Discounts

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

But with what seems like a million different discounts out there, it can be difficult to find all the ones you're eligible for or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both GEICO and Le Mars so that you can see which company can save you the most money each month.

GEICO Le Mars
ABS Discount
Advance Quote Discount 
Anti-Theft Discount
Commercial Drivers License Discount 
Covid-19 Relief Discount 
Defensive Driver Discount 
Deployed Driver Discount 
Distant Student Discount 
Driver Training Discount
DRL Discount 
EFT Discount 
Employee Discount 
Family Discount 
Full Coverage Discount 
Good Driving Discount
Good Student Discount
Group Discount
Hybrid Vehicle Discount 
Marital Status Discount 
Mature Driver Discount 

GEICO knocks Le Mars out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than Le Mars.

There are a couple discounts both carriers offer, but GEICO also offers discounts for commercial drivers license, COVID-19 relief, defensive driver, and more.

On the other hand, Le Mars has a few proprietary discounts of their own for things like advance quote discounts, family discounts, hybrid vehicle discounts, and more.


Find your best rate in just a few minutes


Final Thoughts: Is GEICO or Le Mars Best for You?

You've seen the effect certain factors have on your insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, is GEICO or Le Mars the best one for you and your specific profile and needs?

GEICO might be best for you if....

  • Your driving record includes a DUI charge.
  • You already have a great credit score.
  • You drive fewer than 12,000 miles every year.


Le Mars might be best for you if...

  • Your driving record contains an at-fault collision.
  • You're looking for the best rates on liability only coverage.
  • Your neighborhood is in the suburbs.

Hopefully, this guide helps you get a good idea of the differences between GEICO and Le Mars. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just GEICO and Le Mars. 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 insurance companies in your area, all in just a few minutes.


Find your best rate in just a few minutes


GEICO vs. Le Mars FAQs

Is GEICO or Le Mars cheaper?

GEICO is the less expensive of the two carriers when looking at national average premiums, with policies averaging $185 a month with GEICO and $234 for Le Mars. That being said, that doesn't mean GEICO will be the most affordable company for everyone, since there are multiple different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, GEICO or Le Mars?

Unfortunately, the answer truly is "it depends.". No one carrier is "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, GEICO is more affordable for drivers who have less-than-stellar credit scores, while Le Mars offers cheaper prices for drivers with an at-fault accident on their record.

Why do GEICO and Le Mars offer me different rates?

Auto insurance companies use lots of different factors when determining the rates they charge. Variables such as gender, your driving record, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and Le Mars calculate premiums using different factors, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the car 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 do all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't GEICO or Le Mars 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.

About Compare.com

Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.

  • All of Compare.com's content is written and reviewed for accuracy by a team of experienced writers and editors who are experts on the topics they cover.
  • None of Compare.com's content is ever influenced by the companies and brands we partner with.
  • Compare.com's editorial team operates independently of any of the company's partnership or business development interests. We publish unbiased information strictly for the benefit of our readers.
  • All of the content you see on Compare.com is based on comprehensive analysis and all data is gathered and vetted from trustworthy sources.

Learn more about us, our team, and what makes us tick.

Find your best rate in just a few minutes