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

Quick Facts

• In general, GEICO offers significantly more affordable rates than Nevada General
• GEICO has cheaper prices for policyholders who haven't received any speeding tickets or been in a collision in the last few years
• Nevada General has less expensive premiums in NV

GEICO or Nevada General: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You might have narrowed your search down to GEICO or Nevada General for your next policy, but which company has cheaper rates for insurance?

As you can see, Nevada General is quite a bit more expensive than GEICO, with prices averaging $249 a month compared to just $185 with GEICO when looking at the national average rates for auto insurance.

But that doesn't mean GEICO will necessarily be less expensive than Nevada General for every driver. Car insurance carriers vary their rates depending on things like where you live, how good your credit score is, how old you are, how clean your driving record is, and a variety of other factors, so prices could change drastically from person to person.

Luckily, we've broken down average premiums from both GEICO and Nevada General by multiple different rate factors, so read on to find out which carrier is the best for you.

GEICO vs. Nevada General: Average Car Insurance Rates by State

GEICO and Nevada General only compete against each other in Nevada, where GEICO offers the cheaper average rates. GEICO drivers tend to pay about $72 per month less on average compared to drivers who use Nevada General for their insurance.

That being said, there's a lot more that goes into your car insurance payment than just where you live. 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 out there on the road. It's generally 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 premiums, 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 insurance pay almost 40% less than those who use Nevada General. It's worth noting that GEICO offers auto insurance in 50 different states compared to Nevada General's one, which can skew the average prices a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower rates once you turn 25. For example, average premiums for GEICO policyholders decrease around $200 and Nevada General's prices lower about $400 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 cheapest rates you'll ever find.

When looking at GEICO and Nevada General specifically, which company is best for retired drivers? GEICO gets the edge, with premiums for drivers 65 and older $40 more affordable than the national average for Nevada General.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more expensive for single drivers than they are for married drivers? That's normally because married couples 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 around 30% less than Nevada General's. The advantage for married policyholders with GEICO is also obvious, where drivers save over $30 a month.

GEICO or Nevada General: Average Rates by Gender

Did you know women tend to pay less for auto insurance than men? That's because men are more likely to get into collisions and get tickets, which increases the chances of filing a claim with insurance.

Generally, men see prices nearly $10 per month higher with GEICO, and about $5 more with Nevada General.

When it comes to the most affordable rates for each gender, GEICO comes out on top for both men and women, with average premiums $62 less for men and $65 cheaper for women.

GEICO vs. Nevada General: 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 so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

However, most policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability).

Looking specifically at state minimum liability limits, GEICO has the significant edge, with average monthly prices 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 around $269 a month to Nevada General's $348.

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

You've probably seen plenty of commercials from insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and collisions lead to higher rates, but which carrier -- GEICO or Nevada General -- has the cheapest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use GEICO for their car insurance can generally expect their monthly bill to go up about 23% after getting a speeding ticket. Nevada General policyholders can expect a less drastic increase of around 10%.

Even so, GEICO is normally the cheaper option for both drivers who have a recent ticket and those with clean records -- their rates are around 45% more affordable for drivers with clean records and 35% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with GEICO raising by about 43%. Nevada General has a less extreme increase, but you can still expect to pay nearly 20% more than you were prior to your first accident.

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 Nevada General Insurance Company's $257.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your insurance bill. GEICO drivers usually see a 58% raise in their auto insurance prices after a DUI charge, while Nevada General will usually climb premiums by around 30%.

GEICO has the overall lowest rates 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 Nevada General, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Nevada General Rates?

Often times, your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it might come into play for a lot of drivers.

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

Looking specifically at Nevada General and GEICO, which carrier has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, GEICO will typically reward you the most. For drivers with "excellent" credit scores, GEICO comes in more than 47.39 cheaper. Drivers with "good" credit scores usually save about 34% with GEICO compared to average premiums from Nevada General.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around 21% less with GEICO than Nevada General, but those whose credit is considered "poor" have it flipped -- saving about 2% per month with Nevada General.

Is GEICO or Nevada General Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly auto insurance bill. Typically, those who drive less will end up with more affordable prices since there's less of a chance of causing a collision and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Nevada General charges. However, there's a small difference in monthly rates for GEICO, with drivers who put 6,000 miles on their vehicle annually paying around $8 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, GEICO is the less expensive company.

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

Where your home is can play a considerable role in how much you pay for insurance. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more cars on the roads where they live.

When comparing these two carriers side-by-side, GEICO normally comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about $50 with GEICO compared to Nevada General. People who live in suburban areas pay around $6 less with GEICO compared to Nevada General. For policyholders in urban ZIP codes, GEICO's average premiums are about $136 less than Nevada General Insurance Company.

GEICO vs. Nevada General Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many car 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 qualify for or to nail down the company that has the most discounts for your unique driver profile.

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

GEICO blows Nevada General away when it comes to the sheer amount of discounts available, offering 28 different discounts to Nevada General's nine.

Both companies offer quite a few of the same discounts -- like discounts for being a defensive driver, EFT discounts, and passive restraint discounts -- but GEICO also offers discounts for ABS, anti-theft, commercial drivers license, and more.

On the other hand, Nevada General has a few proprietary discounts of their own for things like agency transfer discounts, homeowner discounts, online quote discounts, and more.

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

So, we've broken down the average rates for many of the variables auto insurance carriers look at, and walked through the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which company is the best carrier for you and your specific needs?

GEICO might be best for you if....

• Your driving record includes a DUI charge.
• You live in an suburban area.
• You are purchasing your insurance with a spouse.

Nevada General might be best for you if...

• You're looking for the best rates in NV.

Hopefully, this guide helps you get a better idea of the difference between GEICO and Nevada General 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 companies, not just GEICO and Nevada General. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance carriers in your area, all for free.

GEICO vs. Nevada General FAQs

Is GEICO or Nevada General cheaper?

GEICO is the cheaper of the two companies when looking at national average premiums, with policies averaging $185 a month with GEICO and $249 for Nevada General. But that doesn't mean GEICO will be the cheapest carrier for everyone, since there are a range of different factors that come into play when it comes to your auto insurance cost.

Who is better, GEICO or Nevada General?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, Nevada General is more affordable for drivers who have less-than-stellar credit scores, while GEICO offers less expensive prices for drivers with an at-fault accident on their record.

Why do GEICO and Nevada General offer me different rates?

Insurance carriers use lots of different variables when determining the rates they charge. Factors like your driving record, gender, age, where you call home, and sometimes even things like your credit score can all come into play. Both GEICO and Nevada General calculate premiums differently, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

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

The only way to find the car insurance company that's right for you is by getting quotes from several carriers 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 ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't GEICO or Nevada General 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.