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

Quick Facts

• Based on national averages for auto insurance, MMG offers significantly less expensive premiums than GEICO
• GEICO offers more discounts than MMG Insurance
• MMG tends to be a much more affordable option for people who are single and purchasing insurance by yourself

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

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering huge discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to GEICO or MMG as potential options, but which company will save you the most?

Looking at the national average rates for both companies, GEICO is quite a bit more expensive than MMG, with prices averaging $185 per month compared to just $118 with MMG.

But MMG may not be the most affordable or best option for each driver out there. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like your credit score, your age, where you call home, or even your driving record (among other things), so rates will differ quite a bit from person to person.

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

GEICO or MMG: Average Car Insurance Rates by State

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

There's a lot more that goes into your car insurance cost than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. The reason is that young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance rates. As you can see above, teens who use MMG save more than $100 a month compared to those who use GEICO. It's worth noting that GEICO offers car insurance in 50 different states compared to MMG's two, which can skew the average prices a bit, but the difference here is still considerable.

However, both companies will decrease premiums by the time drivers turn 25. MMG offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. GEICO's average rates reduce over 55% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest prices you'll ever find.

But who has the best premiums for retired drivers between GEICO and MMG? MMG gets the edge, with rates for drivers 65 and older nearly 45% more affordable than the national average for GEICO.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be cheaper for married policyholders than they are for single policyholders. That's generally because married couples tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, MMG is the clear winner for those who are single, with rates about $70 per month less expensive than GEICO, on average. The advantage is also clear for married drivers - MMG offers the cheapest average premiums.

GEICO vs. MMG: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into an accident. That means when it comes to car insurance men will normally end up paying a little more.

With GEICO, men typically pay almost $10 a month more than women, and more than $15 with MMG.

Looking at overall affordability, MMG comes out as the most affordable option for both genders, with average prices $62 less for men and $71 cheaper for women.

GEICO or MMG: 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 a complicated subject for most people. Everyone needs insurance, but there are so many different limits and terms that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage 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).

If you're looking for state minimum liability insurance, MMG generally offers cheaper premiums of $77 compared to GEICO's $101. When it comes to full coverage policies with similar limits, MMG again has the edge, with policies around $100 per month more affordable than GEICO, on average.

Is GEICO or MMG 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 accidents on your record, but which of these two carriers offers the cheapest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO policyholders can expect their prices to go up an average of $35 a month if they get a ticket, while MMG usually raises rates about $21 per month, on average.

That being said, MMG tends to offer the best prices for drivers both with clean records and with a speeding ticket. Drivers with a clean record can save around $25 a month and drivers with a ticket can save about $39 per month with MMG Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault accident with GEICO increasing by $85. MMG has a less extreme increase, but you can still expect to pay over $30 more than you were prior to your first collision.

Overall, MMG offers the lowest prices for drivers with an at-fault accident on their records, with monthly rates averaging $122 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 speeding ticket or even an accident. On average, GEICO will raise your premiums around 58% after a DUI, while MMG's average prices increase by over 40%.

MMG has the overall most affordable rates for drivers with a DUI on their records at $151 a month, but it's worth noting that GEICO's average rates come from 50 states compared to just two for MMG, so the data may be skewed slightly.

How does Credit Score Impact GEICO and MMG Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for lots of drivers.

Insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking specifically at GEICO and MMG, which carrier has the lowest premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with MMG. Policyholders with "excellent" credit can save more than 40% compared to GEICO, and those with "good" scores can also expect to see savings -- about $70 or 43% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

MMG typically offers lower rates than GEICO when it comes to drivers with bad credit. Drivers with "fair" credit pay around $79 a month less with MMG compared to GEICO, and those with "poor" scores normally save an average of about $67 monthly.

Is GEICO or MMG 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 car insurance bill? Typically, the more miles you put on your car, the more you can expect to pay for coverage.

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

GEICO vs. MMG: 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 insurance, but the type of area you live in can have a considerable impact as well. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because of the number of vehicles that are on the roads in those areas.

MMG tends to offer the cheapest prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable rates from both carriers, but MMG comes out on top with average premiums about $104 per month. MMG also has cheaper average prices for policyholders in urban and suburban ZIP codes -- a 43% and 29% per month respective difference when compared to GEICO drivers in similar areas.

GEICO vs. MMG Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible. That's where car insurance discounts comes into play.

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

Below, we've compared all of the different discounts offered by GEICO and MMG 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 blows MMG away when it comes to the sheer amount of discounts available, offering 21 more discounts than MMG.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts. GEICO also offers ABS discounts, anti-theft discounts, commercial drivers license discounts, and more that MMG does not.

On the flip side, MMG has a couple unique discounts of its own -- ez-pay credit discounts, new business discounts, and renewal discounts.

Final Thoughts: Is GEICO or MMG Best for You?

You've seen the role certain factors have on your insurance and the different discounts companies offer. But, at the end of the day, which carrier is the right one for you and your specific driver profile?

MMG 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're buying car insurance for a teen and looking for a wallet-friendly option.

GEICO might be best for you if...

• You're planning on moving to another state soon -- MMG Insurance only offers policies to Maine and New Hampshire residents.
• You want to save extra money with discounts.

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

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several carriers, not just GEICO and MMG. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

GEICO vs. MMG FAQs

Is GEICO or MMG cheaper?

Looking just at the national average rates, MMG is the less expensive of the two carriers, offering average rates of $118 a month compared to $185 for GEICO. Even so, MMG won't necessarily be the cheapest company for every policyholder, since there are lots of different variables that are considered when it comes to your insurance payment.

Who is better, GEICO or MMG?

Unfortunately, the answer truly is "it depends.". One carrier is not necessarily "better" for each driver -- it all comes down to what your unique auto insurance profile looks like.

Why do GEICO and MMG offer me different rates?

Car insurance companies take a look at several different factors when calculating the premiums they charge policyholders. Variables such as your driving record, gender, age, where you park your car, and sometimes even things like your credit score can all be used. Both GEICO and MMG calculate prices using different factors, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the insurance carrier 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 make it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the most affordable rate. And who knows, the best company for you might not be GEICO or MMG 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.