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

Quick Facts

• Based on national averages for auto insurance, Ohio Mutual offers less expensive premiums than GEICO
• GEICO offers more affordable rates for drivers with a DUI charge on their record
• Ohio Mutual has more affordable prices for drivers who have an at-fault accident on their record

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

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

You might be considering GEICO or Ohio Mutual as your top options, but between the two, which one has cheaper premiums for insurance?

Looking at the national average rates for both companies, GEICO has average rates that are about 18% per month more expensive than those from Ohio Mutual.

That being said, Ohio Mutual may not be the lowest or best option for every driver out there. After all, auto insurance carriers can offer drastically different rates to each driver depending on rating factors like your age, your driving record, where you call home, or even your credit score (among other things), so rates could change drastically from person to person.

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

GEICO or Ohio Mutual: Average Car Insurance Rates by State

GEICO and Ohio Mutual only compete against each other in Ohio, where GEICO offers the cheaper average rates. For Ohio residents, GEICO offers car insurance for $100 monthly on average. Ohio Mutual's average prices come out to be over 50% more expensive, at $152 a month.

But there's more to calculating insurance rates than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. That's normally because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. As you can see above, teens who use Ohio Mutual save more than $75 a month compared to those who use GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to Ohio Mutual's one, which can skew the average premiums a bit, but the difference here is still considerable.

But both companies will reduce prices by the time drivers turn 25. Ohio Mutual offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. GEICO's average premiums lower over 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the cheapest car insurance rates you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for insurance.

When looking at GEICO and Ohio Mutual specifically, which carrier is best for retired drivers? Ohio Mutual gets the edge, with premiums for drivers 65 and older nearly 25% less expensive than the national average for GEICO.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for single policyholders than they are for married policyholders. That's because policies for married couples generally cover multiple cars, which quite a few carriers will offer you a discount for.

When it comes to relationship status, Ohio Mutual is the clear winner for those who are single, with premiums around $36 per month more affordable than GEICO, on average. The advantage for married drivers with Ohio Mutual is also obvious, where drivers save almost $30 a month.

GEICO vs. Ohio Mutual: Average Rates by Gender

Because men are more likely to get into accidents and get tickets, they raise the chances of filing a claim with insurance. Therefore, insurance companies will tend to offer men more expensive rates.

With GEICO, women typically pay about 4% per month less than men, and around 5% less with Ohio Mutual.

When it comes to the lowest prices for each gender, Ohio Mutual comes out as the cheapest option for both genders. On average, male drivers save about $33 a month and women save about $33 with Ohio Mutual compared to the average GEICO policyholder.

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

Even so, the most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers 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 limits for liability insurance, Ohio Mutual usually offers significantly cheaper rates of $74 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Ohio Mutual again has the edge, with policies around $40 per month more affordable than GEICO, on average.

Is GEICO or Ohio Mutual Better for Drivers with Spotty Records?

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

Accidents and tickets will most likely raise your premiums, but is GEICO or Ohio Mutual cheaper for drivers with less-than-perfect 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 Ohio Mutual generally raises premiums about $21 per month, on average.

But Ohio Mutual has less expensive rates for drivers in both categories, offering prices that are $31 and $45 cheaper, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through GEICO can expect to see around an $85 -- or about 43% -- increase in their car insurance rates. Drivers who use Ohio Mutual for their insurance will see a monthly bill around $41 (or 33%) more expensive after reporting a collision to their car insurance company.

Overall, Ohio Mutual offers the most affordable premiums for drivers with an at-fault collision on their records, with monthly prices averaging $125 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, Ohio Mutual will climb your premiums about 71% after a DUI, while GEICO's average rates climb by just under 60%.

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

How does Credit Score Impact GEICO and Ohio Mutual Rates?

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

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 specifically at Ohio Mutual and GEICO, which carrier has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Ohio Mutual. Policyholders with "excellent" credit can save over 25% compared to GEICO, and those with "good" scores can also expect to see savings -- around $40 or 24% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

Ohio Mutual typically offers lower prices than GEICO when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $44 a month less with Ohio Mutual compared to GEICO, and those with "poor" scores normally save an average of around $21 monthly.

Is GEICO or Ohio Mutual 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 pretty big impact on your monthly premiums? Typically, the more miles you put on your vehicle, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Ohio Mutual charges. However, there's a small difference in monthly rates for GEICO, with drivers who put 6,000 miles on their car yearly paying about $8 less each month compared to those who drive 12,000 miles every year. Still, Ohio Mutual is the more affordable option for drivers in both categories.

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

Where you call home can play a large role in how much you pay for car insurance. 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 road in those areas, which lowers the chances of an accident.

Ohio Mutual tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Ohio Mutual offers rates around $155 a month compared to GEICO's $211. People who live in suburban ZIP codes can expect to pay about $153 per month for Ohio Mutual and $185 for GEICO. Lastly, those in rural areas tend to get the lowest prices from both companies, with average monthly rates coming in at $147 and $159 for Ohio Mutual and GEICO respectively.

GEICO vs. Ohio Mutual 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 auto insurance discounts comes into play.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you qualify for.

In the section below, we've compared all of the different discounts offered by GEICO and Ohio Mutual so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

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

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, discounts for being a good student, and paid in full discounts. GEICO also offers commercial drivers license discounts, COVID-19 relief discount, deployed driver discounts, and more that Ohio Mutual does not.

On the flip side, Ohio Mutual has a couple unique discounts of its own -- advance quote discounts, attentive driver discounts, continuous insurance discounts, and more.

Final Thoughts: Is GEICO or Ohio Mutual Best for You?

So, we've broken down the average prices for many of the factors car insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, which insurance company is the right company for you and your specific needs?

Ohio Mutual might be best for you if....

• You have below-average credit.
• Your credit score is high.
• You have a short drive to work everyday.

GEICO might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You have a DUI charge on your record.
• You're looking for discounts -- GEICO has the most.

We hope this guide has ben a valuable resource as you compare GEICO and Ohio Mutual and that you can now make a more informed decision when it comes to your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from a handful of companies, not just GEICO and Ohio Mutual. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

GEICO vs. Ohio Mutual FAQs

Is GEICO or Ohio Mutual cheaper?

Looking just at the national average premiums, Ohio Mutual is the less expensive of the two companies, offering average rates of $152 a month compared to $185 for GEICO. However, Ohio Mutual won't necessarily be the most affordable company for everyone, since there are multiple different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, GEICO or Ohio Mutual?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all boils down to your unique car insurance profile. For example, GEICO offers more affordable prices for drivers with a recent DUI, while Ohio Mutual is cheaper for drivers with excellent credit.

Why do GEICO and Ohio Mutual offer me different rates?

Insurance carriers take a look at many different factors when determining the premiums they charge policyholders. Variables like age, where you live, gender, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and Ohio Mutual calculate rates differently, so each one will most likely offer different prices. The only real way to see which company is the lowest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple 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 information once and you'll get free quotes from dozens of the best insurance companies in your area. That way, you can guarantee you're getting the best price. And who knows, the best company for you might not be GEICO or Ohio Mutual 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.