GEICO vs. United Financial Casualty Company: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, United Financial Casualty Company offers significantly more affordable prices than GEICO
• GEICO may help you save more money -- they offer more discounts than United Financial Casualty Company
• United Financial Casualty Company tends to be a much cheaper option for policyholders who live in urban areas

GEICO or United Financial Casualty Company: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You might have narrowed it down to GEICO or United Financial Casualty Company as potential options, but between the two, which company will offer you less expensive premiums?

Looking at nationwide averages, GEICO has average rates that are around 30% a month more expensive than those from United Financial Casualty Company.

That being said, that doesn't mean United Financial Casualty Company will necessarily be cheaper than GEICO for every single driver. Insurance carriers vary their rates depending on things like how good your credit score is, where you live, how clean your driving record is, how old you are, and all sorts of other factors, so prices will vary quite a bit from person to person.

Wanting to know if GEICO or United Financial Casualty Company 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 vs. United Financial Casualty Company: Average Car Insurance Rates by State

GEICO and United Financial Casualty Company only compete against each other in two states, with United Financial Casualty Company offering more affordable prices to the average driver in all of them. If you live in Maine, GEICO is the less expensive of the two companies when looking at the overall average rates. United Financial Casualty Company is the more affordable option in California.

There's a lot more that goes into your car insurance cost 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 premiums of any group on the road. That's normally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of over 10% less per month by choosing United Financial Casualty Company over GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to United Financial Casualty Company's two, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both carriers, you'll see your rates reduce significantly by the time drivers turn 25. United Financial Casualty Company offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. GEICO's average prices lower more than 55% during that same period.

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 lowest premiums you can find.

So, which carrier offers the best rates to retired drivers? United Financial Casualty Company gets the edge, with prices for drivers 65 and older over 35% cheaper than the national average for GEICO.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance premiums than married policyholders. This usually boils down to married drivers having several vehicles on their policy -- something quite a few auto insurance companies will reward with discounts.

For those who are single, the difference in average rates between these two carriers is significant, with United Financial Casualty Company premiums coming in at a quarter less than GEICO's. The advantage is also clear for married couples - United Financial Casualty Company offers the cheapest average rates.

GEICO or United Financial Casualty Company: Average Rates by Gender

Women tend to pay less for car insurance than men. This is because men are statistically more likely than women to get into collisions and get tickets, which leads to increased risk for insurers and, therefore, higher prices.

On average, men see rates about 4% a month higher with GEICO, and around 1% more with United Financial Casualty Company.

Looking at overall affordability, United Financial Casualty Company comes out on top for both men and women. On average, male drivers save about $55 per month and women save about $49 with United Financial Casualty Company compared to the average GEICO policyholder.

GEICO vs. United Financial Casualty Company: 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 limits and coverages that it can make it pretty confusing to find the right policy for you.

But most policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum liability limits, United Financial Casualty Company has the edge, with average monthly premiums coming in at $79. If you want a full coverage policy with the same state minimum limits, United Financial Casualty Company again has the edge, with policies averaging around $187 a month to GEICO's $269.

Is GEICO or United Financial Casualty Company Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that collisions and speeding tickets lead to higher prices, but which company -- GEICO or United Financial Casualty Company -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use GEICO for their car insurance can usually expect their monthly bill to go up about 23% after getting a speeding ticket. United Financial Casualty Company policyholders can expect a bit more drastic of an increase of around 25%.

Even so, United Financial Casualty Company tends to offer the best prices for both drivers who have clean records and those with a recent ticket, offering rates that are 10% and 9% less expensive, 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 prices increase by $85, while those who have insurance through United Financial Casualty Company will see about a $55 increase.

At the end of the day, the cheaper rates come from United Financial Casualty Company, with average prices coming in at $158 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 auto insurance bill -- generally a lot more than a collision or speeding ticket. GEICO drivers usually see a 58% increase in their car insurance premiums after a DUI charge, while United Financial Casualty Company will typically climb rates by around 23%.

United Financial Casualty Company has the overall cheapest prices for drivers with a DUI on their records at $134 a month, but it's worth noting that GEICO's average rates come from 50 states compared to just two for United Financial Casualty Company, so the data may be skewed slightly.

How does Credit Score Impact GEICO and United Financial Casualty Company Rates?

Did you know many insurance companies take into account your credit score when determining premiums? Certain states and carriers do not allow for credit score to be used as an insurance factor, but it does affect many policyholders out there.

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

So, which carrier offers the lowest prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, United Financial Casualty Company will typically reward you the most. For drivers with "excellent" credit scores, United Financial Casualty Company comes in more than 20.61 more affordable. Drivers with "good" credit scores usually save about 27% with United Financial Casualty Company compared to average premiums from GEICO.

Which Company is Best for Drivers with Bad Credit?

United Financial Casualty Company typically offers lower prices than GEICO when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 28% per month less with United Financial Casualty Company compared to GEICO, and those with "poor" scores normally save an average of about 32% per month.

Is GEICO or United Financial Casualty Company Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on your monthly auto insurance payment. Usually, the more milage you put on your car each year, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, United Financial Casualty Company tends to be the cheaper option. GEICO's average rates for drivers with 6,000 annual miles come in nearly 30% more expensive than United Financial Casualty Company. Those who drive 12,000 miles annually can expect to pay just under 30% more with GEICO over United Financial Casualty Company.

GEICO or United Financial Casualty Company: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a large role in how much you pay for insurance. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, United Financial Casualty Company typically comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 21% with United Financial Casualty Company compared to GEICO. People who live in suburban areas pay about 28% less with United Financial Casualty Company compared to GEICO. For policyholders in urban ZIP codes, United Financial Casualty Company's average premiums are around 34% less than GEICO.

GEICO vs. United Financial Casualty Company Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

The hard part is finding all of the discounts you can take advantage of, 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 United Financial Casualty Company offer their customers so that you can see which carrier can save you the most money each month.

GEICO knocks United Financial Casualty Company out of the park when it comes to the sheer number of discounts available, offering 10 more discounts than United Financial Casualty Company.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, EFT discounts, discounts for being a good driver, and discounts for insuring multiple cars with the same company -- but GEICO also offers discounts for ABS, commercial drivers license, COVID-19 relief, and more.

On the other hand, United Financial Casualty Company has a few proprietary discounts of their own for things like continuous insurance discounts, e-signature discounts, homeowner discounts, and more.

Final Thoughts: Is GEICO or United Financial Casualty Company Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts carriers offer. But, at the end of the day, which insurance carrier is the best one for you, your vehicle, and your wallet?

United Financial Casualty Company might be best for you if....

• You have an at-fault collision on your record.
• You're looking for the best prices on liability only coverage.
• You don't spend much time in your car.

GEICO might be best for you if...

• You're planning on moving to another state soon -- United Financial Casualty Company only offers policies to California and Maine residents.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between GEICO and United Financial Casualty Company and that you can now make a more informed 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 auto insurance policy is to compare quotes from several companies, not just GEICO and United Financial Casualty Company. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

GEICO vs. United Financial Casualty Company FAQs

Is GEICO or United Financial Casualty Company cheaper?

United Financial Casualty Company is the less expensive of the two companies when looking at national average premiums, with policies averaging $133 a month with United Financial Casualty Company and $185 for GEICO. But that doesn't mean United Financial Casualty Company will be the lowest company for everyone, since there are lots of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, GEICO or United Financial Casualty Company?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for every policyholder -- it all comes down to what your unique insurance profile looks like.

Why do GEICO and United Financial Casualty Company offer me different rates?

Auto insurance carriers use several different variables when calculating the rates they charge. Factors like age, your driving record, gender, where you live, and sometimes even things like your credit score can all come into play. Both GEICO and United Financial Casualty Company calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from several different companies.

How do I know if GEICO or United Financial Casualty Company 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 carriers 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 insurance companies for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't GEICO or United Financial Casualty Company 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.