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

Quick Facts

• Looking at the national averages for car insurance, Secura offers significantly more affordable rates than GEICO
• GEICO offers more discounts than SECURA Insurance
• Secura offers more affordable prices for drivers who have received a ticket within the last few years

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to GEICO or Secura for your next policy, but between the two, which company will offer you cheaper premiums?

Looking at nationwide averages, Secura is about $39 per month less expensive than GEICO.

Even so, Secura may not be the lowest or best option for each driver out there. Auto insurance companies use tons of complex algorithms to calculate rates, so depending on how old you are or how clean your driving record is (among many other factors), you could see wildly different prices from the ones above.

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

GEICO or Secura: Average Car Insurance Rates by State

GEICO and Secura only compete against each other in three states, with Secura offering cheaper prices to the average driver in all of them. Michigan has the most noticable difference, where Secura rates are over 70% more affordable than car insurance premiums at GEICO.

But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance carriers determine your rates. 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 auto insurance prices of any group on the road. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Secura for their insurance pay nearly $60 less than those who use GEICO. It's worth noting that GEICO offers car insurance in 50 different states compared to Secura's three, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both companies, you'll see your prices decrease significantly once you turn 25. For example, average rates for GEICO policyholders lower more than 55% and Secura's premiums drop over 55% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the most affordable auto insurance prices out there. After all, they've likely been driving for quite some time, which normally lowers their chances of accidents and other infractions that can increase rates.

When looking at GEICO and Secura specifically, which company is best for retired drivers? Secura gets the edge here, with average premiums coming in at around $111 a month compared to GEICO's $148.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be less expensive for married couples than they are for those who are single. This usually boils down to married policyholders having more than one car on their policy -- something a lot of car insurance carriers will reward with discounts.

When it comes to relationship status, Secura is the clear winner for single policyholders, with premiums about $39 a month cheaper than GEICO, on average. The advantage for married drivers with Secura is also obvious, where drivers save almost $40 per month.

GEICO vs. Secura: Average Rates by Gender

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

Women usually pay around $10 a month less than men with GEICO, and about $3 with Secura.

Looking at overall affordability, Secura offers the cheapest average rates for both men and women, with average prices $42 less for men and $37 cheaper for women.

GEICO or Secura: 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.

Insurance can be a complicated subject for most people. There are so many different terms and coverages that it can make it pretty confusing to find the right policy.

But most 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 includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum liability insurance, Secura normally offers significantly less expensive rates of $69 compared to GEICO's $101. When it comes to full coverage policies with similar limits, Secura again has the edge, with policies around $45 per month more affordable than GEICO, on average.

Is GEICO or Secura Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that collisions and tickets lead to higher premiums, but which carrier -- GEICO or Secura -- has the lowest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO policyholders can expect their rates to go up an average of $35 a month if they get a ticket, while Secura generally raises prices about $35 per month, on average.

That being said, Secura tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering premiums that are $28 and $28 less expensive, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

GEICO drivers who get in a collision can expect to see their prices rise by $85, while those who have insurance through Secura will see around a $40 increase.

Overall, drivers who use Secura end up with the cheaper prices after an accident, with monthly premiums averaging $129 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 car insurance bill -- typically a lot more than an accident or ticket. For example, GEICO increases average rates by over $150 a month -- that's just under a 60% increase.

Secura has the overall cheapest premiums for drivers with a DUI on their records at $244 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just three for Secura, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Secura Rates?

You may not realized it, but your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect many policyholders out there.

The reasoning insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will usually be forced to pay more.

So, which company offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Secura. Drivers with "excellent" credit can save 7% compared to GEICO, and those with "good" scores can also expect to see savings -- about $31 or 19% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Secura typically offers lower premiums than GEICO when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $49 per month less with Secura compared to GEICO, and those with "poor" scores generally save an average of about $74 per month.

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

How much you drive can have a big impact on how much car insurance carriers will charge for coverage. That's because the more miles you drive, the more likely you are to get into a collision and cause an insurance claim.

Secura tends to be the cheaper option for both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure. Secura's average rates for drivers with 6,000 annual miles come in around 21% more affordable than GEICO. Those who drive 12,000 miles every year can expect to pay about 22% less with Secura over GEICO.

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

Where you park your car can play a large role in how much you pay for auto insurance. Typically, those who live in rural areas will pay less than policyholders in urban areas due to the small number of vehicles that are on the roads in those areas.

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

If you live in a rural area, you can expect to save around $20 with Secura compared to GEICO. Drivers in suburban ZIP codes pay about $48 less with Secura compared to GEICO. In urban areas, SECURA Insurance's average premiums are around $50 less than GEICO.

GEICO vs. Secura 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 taking advantage of as many car insurance discounts as you can.

But with what seems like a million different discounts out there, it can be hard to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

In the table below, we've broken down all of the different discounts offered by both GEICO and Secura so that you can see which carrier can save you the most money each month.

GEICO knocks Secura out of the park when it comes to the sheer number of discounts available, offering nine more discounts than Secura.

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

On the flip side, Secura has a couple unique discounts of its own -- advance quote discounts, hybrid vehicle discounts, low income discounts, and more.

Final Thoughts: Is GEICO or Secura Best for You?

So, we've broken down the average prices for many of the variables insurance companies 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 Secura the best one for you and your specific driver profile?

Secura might be best for you if....

• You're single and purchasing auto insurance by yourself.
• You want basic insurance coverage at the state minimum limits.
• You are over 65 years old and want to save some money on your auto insurance.

GEICO might be best for you if...

• You already have plans to move to another state -- SECURA Insurance 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 Secura and that it aids in making a more informed decision about your car 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 auto insurance -- comparing quotes from multiple carriers, not just GEICO and Secura. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance companies in your area, all for free.

GEICO vs. Secura FAQs

Is GEICO or Secura cheaper?

Looking just at the national average rates, Secura is the cheaper of the two carriers, offering average rates of $146 a month compared to $185 for GEICO. However, Secura won't necessarily be the lowest company for each driver, since there are many different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, GEICO or Secura?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for every driver -- it all boils down to your unique insurance profile.

Why do GEICO and Secura offer me different rates?

Auto insurance companies take a look at quite a few different variables when calculating the premiums they charge drivers. Factors like age, where you call home, gender, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and Secura 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 a range of different carriers.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be GEICO or Secura 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.