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

Quick Facts

• Looking at the national averages for car insurance, Nodak offers significantly more affordable prices than GEICO
• GEICO offers more discounts than Nodak Insurance Company
• Nodak has cheaper premiums for policyholders who may not have much of a commute

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

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might be considering GEICO or Nodak as potential options, but which carrier will save you the most?

As you can see, GEICO is quite a bit more expensive than Nodak, with prices averaging $185 per month compared to just $111 with Nodak when looking at the national average rates for auto insurance.

But that doesn't necessarily mean Nodak will be the less expensive option for each driver. Car insurance companies vary their rates depending on things like how old you are, how good your credit score is, where you live, how clean your driving record is, and all sorts of other factors, so premiums will change quite a bit from person to person.

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

GEICO or Nodak: Average Car Insurance Rates by State

GEICO and Nodak only compete against each other in North Dakota, where Nodak offers the cheaper average premiums. For North Dakota residents, Nodak offers insurance for $111 a month on average. GEICO's average prices come out to be over 30% more expensive, at $152 per month.

There are plenty of other factors that go into your auto insurance payment than just where you call home. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance premiums of any group on the road. It's normally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. For example, 18-year-old drivers pay an average of more than $150 less a month by choosing Nodak over GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to Nodak's one, which can skew the average prices a bit, but the difference here is still considerable.

That being said, with both carriers, you'll see your premiums decrease significantly by the time you turn 25. Nodak offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. GEICO's average prices drop over 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest car insurance rates you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

But who has the best rates for retired drivers between GEICO and Nodak? Nodak gets the edge here, with average prices coming in at about $84 monthly compared to GEICO's $148.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance rates than married drivers. 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, Nodak is the clear winner for those who are single, with premiums around $85 per month more affordable than GEICO, on average. The advantage for married policyholders with Nodak is also obvious, where drivers save nearly 40% a month.

GEICO vs. Nodak: Average Rates by Gender

Because men are more likely to get into accidents and get speeding tickets, they have a higher chance of filing a claim with insurance. Therefore, men usually pay more for auto insurance than women.

Men typically pay about 4% more per month than women with GEICO, and around 4% with Nodak.

Looking at the data for each company specifically, Nodak comes out on top for both men and women. On average, women save about $72 a month and men save about $75 with Nodak compared to the average GEICO policyholder.

GEICO or Nodak: 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.

For most people, car insurance can be pretty complicated. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability insurance, Nodak generally offers significantly less expensive prices of $36 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Nodak again has the edge, with policies around $80 per month cheaper than GEICO, on average.

Is GEICO or Nodak 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 lowest rates to drivers with less-than-ideal driving 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 Nodak usually raises prices about $17 per month, on average.

Even so, Nodak has more affordable rates for drivers in both categories, offering premiums that are $25 and $43 cheaper, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault accident with GEICO increasing by $85. Nodak has a less extreme raise, but you can still expect to pay over $15 more than you were prior to your first collision.

Overall, the less expensive premiums come from Nodak, with monthly rates averaging $107 compared to GEICO's $200.

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 auto insurance bill -- generally a lot more than a collision or speeding ticket. For example, GEICO increases average prices by more than $150 a month -- that's just under a 60% increase.

Nodak has the overall most affordable premiums for drivers with a DUI on their records at $141 per month, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Nodak, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Nodak Rates?

Did you know that many insurance companies take into account your credit score when calculating prices? This isn't always the case (for example, California and Hawaii are two states that ban the practice entirely), but it will come into play for many drivers.

Car insurance carriers 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 at GEICO and Nodak specifically, which one has the best rates 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 Nodak. Policyholders with "excellent" credit can save over 55% compared to GEICO, and those with "good" scores can also expect to see savings -- around $80 or 49% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Nodak typically offers lower prices than GEICO when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $86 per month less with Nodak compared to GEICO, and those with "poor" scores typically save an average of around $60 a month.

Is GEICO or Nodak 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 how much auto insurance companies will charge for coverage. Usually, those who drive less will end up with more affordable rates since there's less of a chance of getting into an accident and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Nodak tends to be the less expensive option. Nodak's average premiums for drivers with 6,000 annual miles come in about $73 cheaper than GEICO. Those who drive 12,000 miles every year can expect to pay around $74 less with Nodak over GEICO.

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

Where you park your vehicle can have a sizable impact on your monthly car insurance bill. Normally, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer cars on the roads in those areas.

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

In urban areas, Nodak Insurance Company's average rates are about 47% less than GEICO. Drivers in suburban ZIP codes pay around 40% less with Nodak compared to GEICO. If you live in a rural area, you can expect to save about 30% with Nodak compared to GEICO.

GEICO vs. Nodak 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, and the best way to do that is by utilizing as many car insurance discounts as you can.

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.

Below, we've broken down all of the different discounts offered by both GEICO and Nodak so that you can see which company can save you the most money each month.

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

Both companies offer a lot of the same discounts -- like discounts for getting driver training, discounts for being a good student, and discounts for insuring multiple cars with the same company -- but GEICO also offers ABS discounts, anti-theft discounts, commercial drivers license discounts, and more that Nodak does not.

On the flip side, Nodak has a couple unique discounts of its own -- low mileage discounts and loyalty discounts.

Final Thoughts: Is GEICO or Nodak Best for You?

So, we've broken down the average prices for many of the variables auto insurance carriers look at, and we've shown you all the discounts each carrier offers. That's all well and good, but at the end of the day, is GEICO or Nodak the best one for you and your specific profile and needs?

Nodak might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• You already have a great credit score.
• You live in a rural neighborhood.

GEICO might be best for you if...

• You're planning on moving to another state soon -- Nodak Insurance Company only offers policies in ND.
• You're looking for discounts -- GEICO has the most.

We hope this guide helps you get a good idea of the differences between GEICO and Nodak and that you can now make a more informed decision when it comes to 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 a handful of companies, not just GEICO and Nodak. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

GEICO vs. Nodak FAQs

Is GEICO or Nodak cheaper?

Looking just at the national average premiums, Nodak is the more affordable of the two companies, offering average rates of $111 a month compared to $185 for GEICO. But Nodak won't necessarily be the lowest company for everyone, since there are a variety of different factors that come into play when it comes to your insurance cost.

Who is better, GEICO or Nodak?

Sadly, the only answer we can give you is "it depends.". One carrier is not "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do GEICO and Nodak offer me different rates?

Auto insurance carriers take a look at lots of different variables when determining the prices they charge policyholders. Things such as where you call home, gender, age, where you live, and sometimes even things like your credit score can all be used. Both GEICO and Nodak use different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from several different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be GEICO or Nodak 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.