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

Quick Facts

• In general, Umialik offers significantly more affordable prices than GEICO
• GEICO may help you save more money -- they offer more discounts than Umialik Insurance Company
• Umialik offers more affordable rates for drivers who have a speeding ticket on their driving record

GEICO or Umialik: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to GEICO or Umialik for your next policy, but which carrier will offer you less expensive premiums?

As you can see, GEICO is quite a bit more expensive than Umialik, with prices averaging $185 a month compared to just $108 with Umialik when looking at the national average rates for auto insurance.

Even so, that doesn't necessarily mean Umialik will be the cheaper option for every driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your driving record, your age, or even your credit score (among other things), so rates will differ quite a bit from person to person.

Luckily, we've broken down average prices from both GEICO and Umialik by multiple different rate factors, so read on to find out which company is the best for you.

GEICO vs. Umialik: Average Car Insurance Rates by State

GEICO and Umialik only compete against each other in Alaska, where Umialik offers the cheaper average premiums. Umialik drivers tend to pay about $7 per month less on average compared to drivers who use GEICO for their insurance.

That being said, there's a lot more that goes into your car insurance bill than just where you call home. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers. That's generally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Umialik for their insurance pay over 40% less than those who use GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to Umialik's one, which can skew the average prices a bit, but the difference here is still considerable.

However, with both companies, you'll see your rates lower significantly once you turn 25. For example, average prices for GEICO policyholders drop around $200 and Umialik's premiums reduce more than $100 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you can find.

But who has the best prices for retired drivers between GEICO and Umialik? Umialik gets the edge here, with average rates coming in at about $75 per month compared to GEICO's $148.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are normally less expensive for married policyholders than they are for those who are single? That's typically because married couples tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average rates between these two carriers is significant, with Umialik prices coming in at around half of GEICO's. For married drivers, the advantage is clear again - Umialik has the edge when it comes to average premiums.

GEICO or Umialik: Average Rates by Gender

Did you know women tend to pay less for auto insurance than men? That's because men are more likely to get speeding tickets and get into collisions, which raises the chances of filing a claim with insurance.

On average, men see rates about 4% a month higher with GEICO, and around 7% more with Umialik.

When it comes to the lowest prices for each gender, Umialik comes out as the most affordable option for both genders. On average, male drivers save about $77 per month and women save about $77 with Umialik compared to the average GEICO policyholder.

GEICO vs. Umialik: 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 can be pretty complicated. Everyone needs car insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum limits for liability insurance, Umialik has the significant edge, with average monthly premiums coming in at $66. If you want a full coverage policy with the same state minimum limits, Umialik again has the edge, with policies averaging around $150 a month to GEICO's $269.

Is GEICO or Umialik Better for Drivers with Spotty Records?

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

At-fault collisions and speeding tickets will most likely raise your rates, but is GEICO or Umialik more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Umialik car insurance policies don't report seeing their premiums increase after getting a ticket, but GEICO policyholders can expect to see their monthly bill increase by about a quarter.

However, Umialik tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering rates that are 6% and 28% cheaper, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

GEICO drivers who get in an accident can expect to see their premiums climb by $85, while those who have insurance through Umialik will see around a $0 increase.

At the end of the day, Umialik offers the cheapest prices for drivers with an at-fault collision on their records, with average rates coming in at $108 compared to GEICO's $200.

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 auto insurance bill. On average, GEICO will increase your premiums about 58% after a DUI, while Umialik's average prices rise by 0%.

Umialik has the overall lowest premiums for drivers with a DUI on their records at $108 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Umialik, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Umialik Rates?

Did you know many insurance carriers take your credit score into account when determining prices? Certain states and companies do not allow for credit score to be used as an insurance factor, but it will come into play for lots of policyholders.

The reasoning car insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive rates.

So, which carrier offers the best premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Umialik will usually reward you the most. For drivers with "excellent" credit scores, Umialik comes in nearly 38.93 cheaper. Drivers with "good" credit scores generally save around 42% with Umialik compared to average prices from GEICO.

Which Company is Best for Drivers with Bad Credit?

Umialik typically offers lower rates than GEICO when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 44% per month less with Umialik compared to GEICO, and those with "poor" scores typically save an average of around 42% a month.

Is GEICO or Umialik 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 companies will charge for coverage. That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Umialik charges. However, there's a small difference in monthly prices 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 annually. Still, for drivers in both categories, Umialik is the more affordable company.

GEICO or Umialik: 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 insurance, but the type of area you live in can have a substantial impact as well. Normally, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer vehicles on the road where they live, which reduces the chances of an accident.

When comparing these two carriers side-by-side, Umialik generally comes out as the lowest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 50% with Umialik compared to GEICO. People who live in suburban areas pay about 41% less with Umialik compared to GEICO. For drivers in urban ZIP codes, Umialik Insurance Company's average rates are around 36% less than GEICO.

GEICO vs. Umialik Discounts

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

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

Luckily, we did the hard work for you and looked at all of the different discounts GEICO and Umialik offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

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

There are a couple discounts both companies offer, but GEICO also offers discounts for commercial drivers license, COVID-19 relief, deployed driver, and more.

On the other hand, Umialik has a proprietary discount of their own -- a renewal discounts.

Final Thoughts: Is GEICO or Umialik Best for You?

So, you've seen how different variables can affect your insurance premiums. We've shown you all the discounts each carrier offers, too. But, at the end of the day, which company is the best fit for you?

Umialik might be best for you if....

• You have a speeding ticket on your driving record.
• You're looking for the best prices on liability only coverage.
• You want to save money while purchasing car insurance for a teenager.

GEICO might be best for you if...

• You value the experience that comes with a large national auto insurance carrier.
• You're looking for discounts -- GEICO has the most.

Hopefully, this guide helps you get a better idea of the difference between GEICO and Umialik. 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 sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of carriers, not just GEICO and Umialik. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

GEICO vs. Umialik FAQs

Is GEICO or Umialik cheaper?

Umialik is the cheaper of the two carriers when looking at national average rates, with policies averaging $108 a month with Umialik and $185 for GEICO. Even so, that doesn't mean Umialik will be the most affordable company for every policyholder, since there are a bunch of different factors that are considered when it comes to your auto insurance payment.

Who is better, GEICO or Umialik?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all depends on what your unique car insurance profile looks like.

Why do GEICO and Umialik offer me different rates?

Auto insurance companies use quite a few different variables when calculating the prices they charge. Factors like age, your driving record, gender, where you park your car, and sometimes even things like your credit score can all be used. Both GEICO and Umialik calculate premiums using different formulas, so it's likely they'll offer different rates. The best way to determine which company is the cheapest for you is by comparing personalized quotes from several different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several 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 quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't GEICO or Umialik at all, but another you hadn't even thought of!

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.