GEICO vs. Workmen’s Auto: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Workmen's Auto offers less expensive rates than GEICO
• GEICO may help you save more money -- they offer more discounts than Workmen's Auto Insurance
• Workmen's Auto offers cheaper average premiums for policyholders who live in rural neighborhoods

GEICO or Workmen's Auto: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed it down to GEICO or Workmen's Auto, but which one will offer you more affordable prices?

Looking at the national average rates for both carriers, Workmen's Auto has average rates that are around 18% a month less expensive than those from GEICO.

That being said, that doesn't necessarily mean Workmen's Auto will be the more affordable option for every single driver. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things). So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

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

GEICO vs. Workmen's Auto: Average Car Insurance Rates by State

GEICO and Workmen's Auto only compete against each other in California, where GEICO offers the cheaper average premiums. GEICO drivers tend to pay about $9 per month less on average compared to drivers who use Workmen's Auto for their car insurance.

But there's more to auto insurance than just where you call home. As we mentioned above, there's a lot of things that go into how insurance carriers determine your rates. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for car insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. As you can see above, teens who use Workmen's Auto save almost 15% a month compared to those who use GEICO. It's worth noting that GEICO offers insurance in 50 different states compared to Workmen's Auto's one, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, both companies will lower rates once you turn 25. Workmen's Auto offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. GEICO's average prices drop over 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the lowest auto insurance rates out there. 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 Workmen's Auto specifically, which carrier is best for retired drivers? Workmen's Auto gets the edge, with premiums for drivers 65 and older more than 15% cheaper than the national average for GEICO.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are usually more affordable for married policyholders than they are for single policyholders? That's typically because married drivers tend to own and insure multiple vehicles, which can often earn you a discount.

For single drivers, the difference in average rates between these two carriers is significant, with Workmen's Auto premiums coming in at about 15% less than GEICO's. The advantage is also clear for married couples - Workmen's Auto offers the cheapest average prices.

GEICO or Workmen's Auto: Average Rates by Gender

Men are statistically more likely than women to get tickets and get into accidents. That means when it comes to auto insurance men will usually end up paying a little more.

On average, men see rates around $10 per month higher with GEICO; men and women get the same monthly premiums with Workmen's Auto.

Looking at overall affordability, Workmen's Auto offers the most affordable average prices for both men and women, with average premiums 20% less for men and 17% cheaper for women.

GEICO vs. Workmen's Auto: 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.

Car 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 that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum limits for liability insurance, Workmen's Auto has the significant edge, with average monthly rates coming in at $67. If you want a full coverage policy with the same state minimum limits, Workmen's Auto again has the edge, with policies averaging about $235 a month to GEICO's $269.

Is GEICO or Workmen's Auto Better for Drivers with Spotty Records?

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

At-fault collisions and speeding tickets will most likely raise your prices, but is GEICO or Workmen's Auto cheaper 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 generally expect their monthly bill to go up around 23% after getting a speeding ticket. Workmen's Auto policyholders can expect a bit more drastic of an increase of about 23%.

Even so, Workmen's Auto has less expensive premiums for drivers in both categories, offering rates that are $4 and $5 more affordable, 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 climb by just under 45%, while those who have insurance through Workmen's Auto will see around a 30% increase.

At the end of the day, Workmen's Auto offers the cheapest rates for drivers with an at-fault collision on their records, with average premiums coming in at $156 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 ticket or even a collision. On average, GEICO will climb your prices about 58% after a DUI, while Workmen's Auto's average rates rise by more than 40%.

Workmen's Auto has the overall lowest premiums for drivers with a DUI on their records at $191 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Workmen's Auto, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Workmen's Auto Rates?

You may not have known, but your credit score can be used as one of the variables to calculate your monthly auto insurance prices. This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it does affect many policyholders out there.

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.

So, which company offers the most affordable premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

You'll often be rewarded if you have great credit. With GEICO, improving your score from "good" to "excellent" will typically save you around 20%. Because Workmen's Auto, doesn't have data available for credit scores, they most likely don't use credit to calculate your rates.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can cost you with GEICO. For drivers with less-than-stellar credit, at GEICO, you may pay about $55 per month more if you have "poor" credit compared to those with "fair" scores. It's an even larger difference when compared to drivers with "good" or "excellent" scores. Because Workmen's Auto doesn't have data available for credit scores, they might have better premiums for drivers with bad credit over GEICO.

Is GEICO or Workmen's Auto Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on your monthly car insurance cost? Normally, those who drive less will end up with cheaper rates since there's less of a chance of causing an accident and filing an insurance claim.

For both remote workers and those taking short commutes, Workmen's Auto offers less expensive prices than GEICO. GEICO's average premiums for drivers with 6,000 annual miles come in around 30% more expensive than Workmen's Auto. Those who drive 12,000 miles yearly can expect to pay about 7% more with GEICO over Workmen's Auto.

GEICO or Workmen's Auto: 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 auto insurance, but the type of area you live in can have a large impact as well. Generally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because of the number of cars that are on the roads where they live.

Workmen's Auto tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around $10 with Workmen's Auto compared to GEICO. People who live in suburban areas pay about $31 less with Workmen's Auto compared to GEICO. For drivers in urban ZIP codes, Workmen's Auto Insurance's average prices are around $62 less than GEICO.

GEICO vs. Workmen's Auto Discounts

No matter why you might be in the market for a new 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 utilizing as many auto insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by GEICO and Workmen's Auto so that you can find the carrier that has the most discounts and, therefore, the largest savings.

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

Both carriers offer lots of the same discounts -- like discounts for being a good driver and mature driver discounts -- but GEICO also offers discounts for ABS, anti-theft, commercial drivers license, and more.

On the other hand, Workmen's Auto has a few proprietary discounts of their own like driver-vehicle combination discounts and renewal discounts.

Final Thoughts: Is GEICO or Workmen's Auto Best for You?

You've seen the role certain factors have on your car insurance and the different discounts companies offer. But, when it comes down to it, which insurance carrier is the right fit for you?

Workmen's Auto might be best for you if....

• You will be the only person on the auto insurance policy.
• You're looking for the best rates on liability only coverage.
• You drive fewer than 12,000 miles annually.

GEICO might be best for you if...

• Your credit is below-average.
• Your credit score is high.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare GEICO and Workmen's Auto. We also hope we've given you the information you need to make the best 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 insurance -- comparing quotes from a handful of carriers, not just GEICO and Workmen's Auto. 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 auto insurance companies in your area, all for free.

GEICO vs. Workmen's Auto FAQs

Is GEICO or Workmen's Auto cheaper?

Workmen's Auto is the cheaper of the two carriers when looking at national average prices, with policies averaging $151 a month with Workmen's Auto and $185 for GEICO. However, that doesn't mean Workmen's Auto will be the lowest company for every policyholder, since there are several different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, GEICO or Workmen's Auto?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, GEICO is less expensive for drivers who have less-than-stellar credit scores, while Workmen's Auto offers more affordable premiums for policyholders with an at-fault accident on their record.

Why do GEICO and Workmen's Auto offer me different rates?

Insurance companies use lots of different factors when determining the prices they charge. Things like your driving record, age, gender, where you call home, and sometimes even things like your credit score can all be used. Both GEICO and Workmen's Auto use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the most affordable for you is by comparing personalized quotes from many different carriers.

How do I know if GEICO or Workmen's Auto is right for me?

The only way to find the car 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, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't GEICO or Workmen's Auto 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.