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

Quick Facts

• In general, Nevada Capital offers significantly cheaper premiums than GEICO
• GEICO offers more discounts than Nevada Capital Insurance Company
• Nevada Capital offers more affordable prices for drivers who have an at-fault accident on their record

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

So, you're thinking about 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 might be considering GEICO or Nevada Capital as your top options, but between the two, which carrier will offer you more affordable premiums?

Looking at the national average rates for both companies, Nevada Capital is quite a bit cheaper than GEICO, with prices averaging $125 per month compared to $185 with GEICO.

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

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

GEICO or Nevada Capital: Average Car Insurance Rates by State

GEICO and Nevada Capital only compete against each other in Nevada, where Nevada Capital offers the cheaper average rates. For Nevada residents, Nevada Capital offers car insurance for $125 a month on average. GEICO's average prices come out to be over 40% more expensive, at $177 monthly.

There's a lot more that goes into your auto insurance cost 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 insurance rates of any other group of drivers out there on the road. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Nevada Capital for their car insurance pay $95 less than those who use GEICO. It's worth noting that GEICO offers insurance in 50 different states compared to Nevada Capital's one, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, with both companies, you'll see your prices drop significantly by the time you turn 25. For example, average rates for GEICO policyholders reduce more than $200 and Nevada Capital's premiums lower nearly $150 over that time.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best premiums to retired drivers? Nevada Capital gets the edge, with prices for drivers 65 and older $63 more affordable than the national average for GEICO.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly less expensive auto insurance rates than single drivers. That's because policies for married policyholders typically cover several cars, which lots of carriers will offer you a discount for.

When it comes to relationship status, Nevada Capital is the clear winner for those who are single, with prices about $63 a month cheaper than GEICO, on average. For married drivers, the advantage is clear again - Nevada Capital has the edge when it comes to average premiums.

GEICO vs. Nevada Capital: Average Rates by Gender

Because men are more likely to get tickets and get into accidents, they are more likely to file a claim with insurance. Therefore, men usually pay more for insurance than women.

Normally, men see rates around $10 per month higher with GEICO, and about $2 with Nevada Capital.

Looking at the data for each carrier specifically, Nevada Capital comes out on top for both men and women. On average, male drivers save about $63 a month and women save around $57 with Nevada Capital compared to the average GEICO policyholder.

GEICO or Nevada Capital: 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.

Auto insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for multiple different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

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

If you're looking for state minimum liability insurance, Nevada Capital normally offers significantly more affordable premiums of $75 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Nevada Capital again has the edge, with policies about $95 per month less expensive than GEICO, on average.

Is GEICO or Nevada Capital Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their 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 companies offers the cheapest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO policyholders can expect their premiums to go up an average of $35 a month if they get a ticket, while Nevada Capital typically raises rates around $27 per month, on average.

However, Nevada Capital is usually the cheaper option for both drivers who have a recent speeding ticket and those with clean records. Drivers with a clean record can save about $26 a month and drivers with a ticket can save around $34 per month with Nevada Capital Insurance Company.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault collision with GEICO raising by $85. Nevada Capital has a less extreme climb, but you can still expect to pay over $35 more than you were prior to your first accident.

Overall, Nevada Capital offers the lowest rates for drivers with an at-fault collision on their records, with monthly premiums averaging $126 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. For example, GEICO increases average prices by more than $150 a month -- that's just under a 60% increase.

Nevada Capital has the overall most affordable premiums for drivers with a DUI on their records at $168 per month, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Nevada Capital, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Nevada Capital Rates?

Did you know that many car insurance companies take into account your credit score when calculating prices? This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it does affect many drivers out there.

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

Looking specifically at Nevada Capital and GEICO, which company has the cheapest premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Nevada Capital. Policyholders with "excellent" credit can save nearly 25% compared to GEICO, and those with "good" scores can also expect to see savings -- about $50 or 30% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Nevada Capital typically offers lower prices than GEICO when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $69 per month less with Nevada Capital compared to GEICO, and those with "poor" scores normally save an average of about $97 monthly.

Is GEICO or Nevada Capital 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 your monthly insurance bill. Usually, those who drive fewer miles will end up with more affordable rates since there's less of a chance of getting into a collision and causing an insurance claim.

Nevada Capital tends to be the less expensive option for both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure. GEICO's average prices for drivers with 6,000 annual miles come in around 35% more expensive than Nevada Capital. Those who drive 12,000 miles each year can expect to pay about 30% more with GEICO over Nevada Capital.

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

Where you call home can have a considerable impact on your monthly car insurance payment. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because there are a lot fewer vehicles on the roads in those areas.

Nevada Capital boasts the most affordable average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Nevada Capital offers premiums around $171 per month compared to GEICO's $211. People who live in suburban ZIP codes can expect to pay about $114 a month for Nevada Capital and $185 for GEICO. Lastly, those in rural areas tend to get the cheapest prices from both companies, with average monthly rates coming in at $89 and $159 for Nevada Capital and GEICO respectively.

GEICO vs. Nevada Capital Discounts

Regardless of why you might be in the market for a new 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 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.

In the table below, we've broken down all of the different discounts offered by both GEICO and Nevada Capital so that you can find the one that has the most discounts and, therefore, the biggest savings.

GEICO knocks Nevada Capital out of the park when it comes to the sheer number of discounts available, offering 13 more discounts than Nevada Capital.

Both carriers offer lots of the same discounts -- like anti-theft discounts, employee discounts, discounts for being a good driver, and multi-policy discounts -- but GEICO also offers commercial drivers license discounts, COVID-19 relief discount, deployed driver discounts, and more that Nevada Capital does not.

On the flip side, Nevada Capital has a couple unique discounts of its own -- advance quote discounts, good payer discounts, prior carrier discounts, and more.

Final Thoughts: Is GEICO or Nevada Capital Best for You?

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the right fit for you?

Nevada Capital might be best for you if....

• You're single and purchasing insurance by yourself.
• Your credit is below-average.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

GEICO might be best for you if...

• You already have plans to move to another state -- Nevada Capital Insurance Company is only available in Nevada.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between GEICO and Nevada Capital. We also hope we've given you the information you need to make the best decision about your auto 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 multiple carriers, not just GEICO and Nevada Capital. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

GEICO vs. Nevada Capital FAQs

Is GEICO or Nevada Capital cheaper?

Looking just at the national average premiums, Nevada Capital is the cheaper of the two carriers, offering average rates of $125 per month compared to $185 for GEICO. That being said, Nevada Capital won't necessarily be the lowest carrier for every driver, since there are a variety of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, GEICO or Nevada Capital?

Sadly, the real answer is "it depends.". One company is not necessarily "better" for each driver -- it all depends on what your unique insurance profile looks like.

Why do GEICO and Nevada Capital offer me different rates?

Car insurance companies take a look at quite a few different factors when determining the rates they charge policyholders. Things such as where your home is, where you park your car, age, gender, and sometimes even things like your credit score can all be used. Both GEICO and Nevada Capital calculate premiums using different variables, so each one will most likely offer different prices. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from many different carriers.

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

The only way to find the insurance company 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 information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the cheapest rate. And who knows, the best carrier for you might not be GEICO or Nevada Capital 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.