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

Quick Facts

• In general, GEICO offers significantly less expensive prices than UAIC
• GEICO offers cheaper average premiums for drivers who have an at-fault accident on their record
• UAIC offers more affordable rates for residents in Florida

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

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You've maybe even narrowed your search down to GEICO or UAIC, but between the two, which carrier will save you the most?

As you can see, GEICO is quite a bit cheaper than UAIC, with prices averaging $185 per month compared to $337 with UAIC when looking at the national average rates for car insurance.

But GEICO may not be the cheapest or best option for each driver out there. Auto insurance companies use tons of complex algorithms to calculate premiums, so depending on how good your credit score is or how clean your driving record is (among a range of other factors), you could see wildly different prices from the ones above.

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

GEICO or UAIC: Average Car Insurance Rates by State

GEICO and UAIC only compete against each other in Florida, where GEICO offers the cheaper average prices. For Florida residents, GEICO offers car insurance for $176 a month on average. UAIC's average rates come out to be over 70% more expensive, at $337 monthly.

There's a lot more that goes into your insurance payment than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group out there on the road. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. As you can see above, teens who use GEICO save more than $250 a month compared to those who use UAIC. It's worth noting that GEICO offers insurance in 50 different states compared to UAIC's one, which can skew the average prices a bit, but the difference here is still considerable.

Even so, with both carriers, you'll see your rates drop significantly by the time you turn 25. For example, average premiums for GEICO policyholders decrease over $200 and UAIC's rates reduce about $300 over that time.

Which is the Best Company for Retired Drivers?

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

When looking at GEICO and UAIC specifically, which company is best for retired drivers? GEICO gets the edge, with rates for drivers 65 and older $118 more affordable than the national average for UAIC.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are usually cheaper for married couples than they are for those who are single? That's normally because married policyholders tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, GEICO is the clear winner for single drivers, with prices around $172 per month more affordable than UAIC, on average. The advantage is also clear for married drivers - GEICO offers the most affordable average premiums.

GEICO vs. UAIC: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding, which means they'll typically end up paying more for auto insurance than women.

Typically, women see rates about 4% a month less with GEICO, and around 1% less with UAIC.

When it comes to the cheapest prices for each gender, GEICO offers the lowest average premiums for both men and women, with average rates 44% less for men and 46% cheaper for women.

GEICO or UAIC: 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, insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy.

However, the most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside liability coverage).

If you're looking for state minimum liability insurance, GEICO normally offers significantly less expensive prices of $101 compared to UAIC's $276. When it comes to full coverage policies with similar limits, GEICO again has the edge, with policies about $150 per month cheaper than UAIC, on average.

Is GEICO or UAIC Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car 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 tickets and at-fault accidents lead to higher prices, but which carrier -- GEICO or UAIC -- has the most affordable rates for drivers with spotty 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 UAIC usually raises rates around $70 per month, on average.

That being said, GEICO tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering prices that are $139 and $174 more affordable, respectively, compared to UAIC.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through GEICO can expect to see about an $85 -- or around 43% -- increase in their car insurance premiums. Drivers who use UAIC for their auto insurance will see a monthly bill about $72 (or 22%) more expensive after reporting an accident to their insurance company.

Overall, GEICO offers the lowest rates for drivers with an at-fault collision on their records, with monthly prices averaging $200 compared to UAIC's $326.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your car insurance bill. For example, UAIC increases average premiums by just under $200 a month -- that's just under a 45% increase.

GEICO has the overall cheapest rates 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 UAIC, so the data may be skewed slightly.

How does Credit Score Impact GEICO and UAIC Rates?

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

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

Looking specifically at GEICO and UAIC, which one has the most affordable prices for drivers 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 GEICO. Policyholders with "excellent" credit can save over 60% compared to UAIC, and those with "good" scores can also expect to see savings -- around $173 or 51% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

GEICO typically offers lower rates than UAIC when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $140 per month less with GEICO compared to UAIC, and those with "poor" scores usually save an average of around $84 a month.

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

How much you drive can have a large impact on how much auto insurance carriers will charge for coverage. Generally, those who drive less will end up with more affordable prices since there's less of a chance of getting into a collision and causing an insurance claim.

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

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

Where you call home can play a big role in how much you pay for insurance. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of vehicles that are on the roads in those areas.

GEICO boasts the cheapest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, GEICO offers premiums around $211 per month compared to UAIC's $402. People who live in suburban ZIP codes can expect to pay about $185 a month for GEICO and $390 for UAIC. Lastly, those in rural areas tend to get the most affordable rates from both companies, with average monthly premiums coming in at $159 and $220 for GEICO and UAIC respectively.

GEICO vs. UAIC Discounts

You want to save as much money as possible, right? 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 find all the ones you qualify for or to nail down the company that has the most discounts for your unique driver profile.

In the table below, we've taken a look at all of the different discounts GEICO and UAIC offer their customers so that you can see which company can save you the most money each month.

GEICO knocks UAIC out of the park when it comes to the sheer number of discounts available, offering 16 more discounts than UAIC.

A couple of those are overlapping for things like discounts for being a defensive driver, EFT discounts, and paid in full discounts. GEICO also offers commercial drivers license discounts, COVID-19 relief discount, deployed driver discounts, and more that UAIC does not.

On the flip side, UAIC has a couple unique discounts of its own -- agency transfer discounts, discounts for being a homeowner, intra-agency transfer discounts, and more.

Final Thoughts: Is GEICO or UAIC Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, is GEICO or UAIC the best fit for you?

GEICO might be best for you if....

• You have an at-fault collision on your record.
• You want to save extra money with discounts.
• You live in a rural area.

UAIC might be best for you if...

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

We hope this guide helps you get a good idea of the differences between GEICO and UAIC. We also hope we've given you the information you need to make the best decision about your 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 carriers, not just GEICO and UAIC. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

GEICO vs. UAIC FAQs

Is GEICO or UAIC cheaper?

Looking just at the national average rates, GEICO is the less expensive of the two carriers, offering average rates of $185 per month compared to $337 for UAIC. However, GEICO won't necessarily be the lowest company for everyone, since there are many different variables that are considered when it comes to your insurance bill.

Who is better, GEICO or UAIC?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do GEICO and UAIC offer me different rates?

Car insurance companies take a look at lots of different factors when determining the premiums they charge policyholders. Variables like where you park your car, age, gender, where your home is, and sometimes even things like your credit score can all come into play. Both GEICO and UAIC calculate prices using different factors, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from lots of different carriers.

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

The only way to find the 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 does all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be GEICO or UAIC 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.