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

Quick Facts

• In general, Oregon Mutual offers significantly less expensive prices than GEICO
• GEICO offers more discounts than Oregon Mutual
• Oregon Mutual offers cheaper average premiums for policyholders who live in the suburbs

GEICO vs. Oregon Mutual: 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 sizable discounts, you're probably wondering exactly how much you might be able to save.

You might be considering GEICO or Oregon Mutual, but which carrier has more affordable rates for car insurance?

As you can see, GEICO has average rates that are about 25% per month more expensive than those from Oregon Mutual when looking at the national average rates for auto insurance.

But Oregon Mutual may not be the most affordable or best option for each driver out there. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, your age, your driving record, or even where you call home (among other things). So, at the end of the day, prices from every carrier will differ quite a bit from person to person.

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

GEICO or Oregon Mutual: Average Car Insurance Rates by State

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

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance carriers calculate your prices. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for 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 teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of more than $25 less a month by choosing Oregon Mutual over GEICO. It's worth noting that GEICO offers car insurance in 50 different states compared to Oregon Mutual's three, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, both companies will decrease prices by the time you turn 25. For example, average rates for GEICO policyholders lower over $200 and Oregon Mutual's premiums reduce nearly $250 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best premiums for retired drivers between GEICO and Oregon Mutual? Oregon Mutual gets the edge, with prices for drivers 65 and older more than 30% more affordable than the national average for GEICO.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically cheaper for married policyholders than they are for single policyholders? This usually boils down to married drivers having several cars on their policy -- something several car insurance carriers will reward with discounts.

When it comes to relationship status, Oregon Mutual is the clear winner for single drivers, with premiums around $45 per month less expensive than GEICO, on average. For married couples, the advantage is clear again - Oregon Mutual has the edge when it comes to average rates.

GEICO vs. Oregon Mutual: Average Rates by Gender

Men tend to pay more for insurance than women. This is because men are more likely to get speeding tickets and get into collisions, which raises the chances of an insurance claim.

On average, men see prices about $10 a month higher with GEICO, while with Oregon Mutual, the difference is closer to $12 per month.

When it comes to the lowest premiums for each gender, Oregon Mutual comes out on top for both men and women. On average, male drivers save about $48 a month and women save around $52 with Oregon Mutual compared to the average GEICO policyholder.

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

That being said, the most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum liability limits, Oregon Mutual normally offers slightly more affordable rates of $97 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Oregon Mutual again has the edge, with policies about $95 per month cheaper than GEICO, on average.

Is GEICO or Oregon Mutual 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.

Tickets and at-fault accidents will most likely raise your premiums, but is GEICO or Oregon Mutual more affordable 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 Oregon Mutual usually raises premiums around $11 per month, on average.

However, Oregon Mutual has less expensive rates for drivers in both categories -- their rates are around 3% more affordable for drivers with clean records and 19% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

GEICO drivers who get in a collision can expect to see their prices rise by just under 45%, while those who have insurance through Oregon Mutual will see about a 15% increase.

Overall, Oregon Mutual offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly rates averaging $133 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 over $150 a month -- that's just under a 60% increase.

Oregon Mutual has the overall cheapest rates for drivers with a DUI on their records at $171 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just three for Oregon Mutual, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Oregon Mutual 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 rating factor, but it might come into play for many policyholders.

Car 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, drivers with bad credit will often be forced to pay more.

Looking specifically at Oregon Mutual and GEICO, which company has the lowest prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Oregon Mutual. Drivers with "excellent" credit can save over 10% compared to GEICO, and those with "good" scores can also expect to see savings -- around $43 or 26% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Oregon Mutual typically offers lower premiums than GEICO when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $67 per month less with Oregon Mutual compared to GEICO, and those with "poor" scores typically save an average of around $82 per month.

Is GEICO or Oregon Mutual Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly insurance cost. Generally, the more miles you put on your vehicle each year, the more you can expect to pay for auto insurance.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Oregon Mutual offers more affordable rates than GEICO. Oregon Mutual average prices for drivers with 6,000 annual miles come in just under $50 cheaper than GEICO. Those who drive 12,000 miles annually can expect to pay more than $50 less with Oregon Mutual over GEICO.

GEICO vs. Oregon Mutual: 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 car insurance, but the type of area you live in can have a large impact as well. Usually, those who live in rural areas will pay less than policyholders in urban areas due to the small number of cars that are on the roads in those areas.

Oregon Mutual boasts the cheapest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable prices from both carriers, but Oregon Mutual comes out on top with average rates about $115 a month. Oregon Mutual also has less expensive average premiums for policyholders in urban and suburban ZIP codes -- a 28% and 25% a month respective difference when compared to GEICO drivers in similar areas.

GEICO vs. Oregon Mutual Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many insurance discounts as you can.

The challenging part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've broken down all of the different discounts offered by both GEICO and Oregon Mutual so that you can find the one that has the most discounts and, therefore, the biggest savings.

GEICO knocks Oregon Mutual out of the park when it comes to the sheer number of discounts available, offering 28 different discounts to Oregon Mutual's 15.

There are a couple discounts both companies offer, but GEICO also offers ABS discounts, commercial drivers license discounts, COVID-19 relief discount, and more that Oregon Mutual does not.

On the flip side, Oregon Mutual has a couple unique discounts of its own -- advance quote discounts, csl discounts, legacy discounts, and more.

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

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, which insurance company is the right company for you and your specific needs?

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

• You've been pulled over for speeding recently.
• You drive fewer than 6,000 miles every year.

GEICO might be best for you if...

• You are considering moving to another state -- Oregon Mutual is only available in three states.
• You're looking for discounts -- GEICO has the most.

We hope this guide helps you get a better idea of the difference between GEICO and Oregon Mutual. We also hope we've given you the information you need to make the best 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 several companies, not just GEICO and Oregon Mutual. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

GEICO vs. Oregon Mutual FAQs

Is GEICO or Oregon Mutual cheaper?

Looking just at the national average prices, Oregon Mutual is the cheaper of the two companies, offering average rates of $135 per month compared to $185 for GEICO. But Oregon Mutual won't necessarily be the lowest carrier for each policyholder, since there are lots of different variables that are considered when it comes to your insurance bill.

Who is better, GEICO or Oregon Mutual?

Unfortunately, the answer truly is "it depends.". No one company is necessarily "better" for every driver -- it all boils down to your unique car insurance profile.

Why do GEICO and Oregon Mutual offer me different rates?

Auto insurance carriers take a look at lots of different factors when calculating the rates they charge policyholders. Things like where you park your vehicle, where you call home, age, gender, and sometimes even things like your credit score can all come into play. Both GEICO and Oregon Mutual use different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of 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 car insurance companies in your area. That way, you can guarantee you're getting the lowest rate. And who knows, the best carrier for you might not be GEICO or Oregon 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.