Compare GEICO vs. The Hartford: Quotes, Discounts (2023)

GEICO vs. The Hartford: A Summary

GEICO is one of the top five car insurance providers by market share, and The Hartford offers a one-of-a-kind service that caters to people 50 and older. But, because both insurers have relative positives and negatives, this article will help you compare car insurance providers and make the right choice for your needs and specifications.

ICS Score Explanation:

The Insurify Composite Score (ICS) is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

GEICO

GEICO claims that it takes just “15 minutes” to justify a change. When you become a customer, you’ll enjoy extras like a convenient mobile app, accident forgiveness, rental car reimbursement, and roadside assistance with towing. With the national average insurance costs approaching $1,000 a year, “saving 15 percent” might encourage you to look up GEICO.

The Hartford

The Hartford Auto Insurance Company was founded in Connecticut in 1810. So it’s fitting that as one of America’s oldest insurers, it solely sells plans to seniors. Policyholders must also be AARP members. If you meet the requirements, you’ll enjoy benefits that include local agents, disappearing deductibles, new car replacement, and discounts for bundling home insurance.

The Best Car Insurance Companies in 2022

GEICO and The Hartford Insurance are just beyond the top 10. However, both insurers provide exceptional services worth mentioning. For example, GEICO grants super-economical rates to people with clean driving histories. The Hartford, like Progressive, is one of the top insurance companies for the senior market.

Compare GEICO vs. The Hartford: Which Is Cheaper?

After accounting for demographics and dynamic scenarios, the data reveals that GEICO wins the race for most cost-effective. As you may have noticed earlier, GEICO’s average monthly auto insurance premium is $47, and The Hartford’s is $92. GEICO slides way below the national average of $69, while The Hartford finishes $23 above it.

The Cheapest Car Insurance Companies in 2022

Despite neither insurance provider making the list, they each provide competitive insurance products to distinct market segments. While GEICO started for government workers and has expanded to a broader audience, The Hartford concentrates all its efforts on the senior niche. Nevertheless, folks in the proper age bracket may consider gathering quotes from both.

Compare GEICO vs. The Hartford Car Insurance by Age

More experienced drivers are generally better drivers. Moreover, with age comes improved credit and the possibility of becoming a homeowner. For older drivers, these factors can lead to discounted rates. For example, experienced drivers typically buy full coverage for less than teens dish out for liability only (bodily injury and property damage coverage).

A quick check of the data shows a few interesting facts. First, GEICO’s teen customers pay the highest premiums, and after that, the rates gradually decrease until around retirement. They then inch up as aging causes driving ability to deteriorate. Because of its customer base, The Hartford only has figures for those aged 50 and up, but rates still climb with age.

Compare GEICO vs. The Hartford Car Insurance by Gender

Gender is another element that may influence the cost of your auto insurance policy. Typically, the price difference between genders is minor. However, women often receive a small price break because they are generally less aggressive on the road than men, and young men in particular.

Women pay $1 less per month than men at GEICO and $10 less per month at The Hartford. That means GEICO’s men shell out two percent more, and men at The Hartford hand over 11 percent more. For reference, the national average and its $1 difference leave men spending only an extra one percent.

Which is cheapest for men?

Men might want to dig deeper into GEICO. At $47 per month, the insurer is $50 less than The Hartford and $23 cheaper than the national average. In addition, you’re looking at $600 in annual savings versus The Hartford and $276 per year compared to the national average. So men will need pretty clear benefits to justify picking The Hartford over GEICO.

Which is cheapest for women?

For women, GEICO is the most affordable option. The average monthly premium for the company is $46, representing a $23 per month reduction versus the national average. And women also score a $41 price cut compared to The Hartford. On the other hand, The Hartford’s $87 requires women to pay $18 more than the national average monthly.

Compare GEICO vs. The Hartford Car Insurance by Mileage

Insurance agents will inform you that those who drive more should expect to hand over more for an auto insurance policy. Why? They know that spending more time in the driver’s seat increases the likelihood of a car crash. However, each insurance company has its own way of calculating risk based on annual miles, so prices at different mileage levels may vary.

Unlike most auto insurance providers, GEICO and The Hartford let you skip all the worry about annual mileage. Perhaps both insurers apply a standard mileage despite what potential customers input. Furthermore, GEICO is lower than the national average at all three levels, whereas The Hartford tops the national average.

Which is cheapest for drivers with high mileage?

If you enjoy cruising while blasting the radio or have a long daily commute, GEICO may be your best bet. At $46 per month, GEICO is $23 less than the national average and $41 less than The Hartford. By contrast, The Hartford’s monthly price of $87 means it’s $216 pricier than the national average every year.

Which is cheapest for drivers with low mileage?

GEICO is an appealing option if you drive fewer than 10,000 miles per year. All the figures are identical to the higher level. So, if you’re an infrequent driver or remote worker, perhaps try GEICO.

Compare GEICO vs. The Hartford Car Insurance by Credit Score

You probably know that impeccable credit can result in lower auto loan payments, but did you realize it might save you money on car insurance? Insurers have shown a connection between creditworthiness and driver safety. But those with less-than-perfect credit can still uncover reasonable rates at Insurify.

Excellent credit gets the lowest rates from GEICO and The Hartford, along with the national average. As credit scores lower, premiums rise. Additionally, GEICO skates below the national average at all levels, whereas The Hartford soars well above it.

Which is cheapest for good credit?

GEICO should probably be somewhere on your shopping list if you have exceptional credit. The company’s premiums for those with excellent credit save you $276 per year compared to the national average and $408 versus The Hartford. Similarly, with good credit, GEICO saves you $336 each year off the national average and $444 off The Hartford.

Which is cheapest for bad credit?

GEICO is a great place to start if you’re rebuilding your credit. With average credit, your monthly premium will be $41 less than The Hartford’s $87 fee and $32 less than the national average of $78. Remarkably, with poor credit, you actually have the best potential to save. At GEICO, you save $672 per year versus the national average and $912 compared to The Hartford.

Compare GEICO vs. The Hartford Car Insurance by Driving Record

Insurers base their premiums on your driving history over the past three or five years. As a result, a clean driving record makes you eligible for the lowest car insurance prices. Although moving violations and at-fault accidents will bump up your auto insurance rates, it is still feasible to secure a low-cost policy with Insurify.

Whether you have a perfect driving record or a series of mishaps, companies like GEICO offer affordable auto insurance coverage. On the other hand, The Hartford offers plans with higher premiums than the national average. Surprisingly, its pricing for drivers at fault in a collision exceeds its rates for drivers with a DUI.

Which is cheapest for good drivers?

GEICO gives rock-bottom rates when you have a flawless driving record. GEICO’s $46 per month fee is $384 per year less than the national average’s $78 sticker price. In addition, choosing GEICO over The Hartford nets you a price reduction of $396 a year. With that much money back in your wallet, you can add extra protection like uninsured motorist coverage.

Which is cheapest after a speeding ticket?

Being on time seems more important than possibly getting pulled over when you’re in a hurry. However, if you have a ticket on your record, you’ll want to fly over to GEICO. At only $57 each month, you secure a rate that is $47 lower than the national average, saving you $564 per year. Also, the insurer is $744 per year cheaper than The Hartford.

Which is cheapest after an accident?

Despite its accident forgiveness, The Hartford’s $145 rate puts it $73 per month beyond GEICO, doubling the cheaper insurer’s pricing. GEICO is less expensive than the national average, whereas The Hartford shoots past it by $32 So if you’ve been in a major car accident or even a fender bender, GEICO might deserve a shot.

Which is cheapest after a DUI?

DUIs are the violation with the severest consequences on car insurance rates. As a result, the national average after a DUI shows an increase of 99 percent compared to a clean driving record. Similarly, GEICO jumps up by 113 percent, and The Hartford rises by 55 percent. GEICO has the costliest relative price hike, but its ultimate monthly bill of $94 is still the lowest.

GEICO vs. The Hartford Car Insurance: What discounts does each offer?

GEICO Discounts

• Airbag

• Antilock brakes

• Anti-theft device

• Daytime running lights

• Defensive driving

• Driver affiliation (alma mater, company, emergency services, federal employee, military)

• Driver’s educational course

• Good driver

• Good student

• Multi-policy (bundling your car insurance coverage with other types of insurance like homeowners insurance, renters insurance, business insurance, or life insurance)

• Multi-vehicle

• New vehicle discount

• Seat belt use

The Hartford Discounts

• AARP member

• Airbag

• Antilock brakes

• Defensive driver course

• Driver training

• Hybrid/electric car

• Multi-policy

• Online

• Paid in full

• TrueLane program

Our Methodology and How We Compared GEICO and The Hartford

The car insurance quotes provided in Insurify’s insurance company comparison guides are based on the analysis of over 50 thousand insurance quotes from 500 ZIP codes nationwide. Insurify’s data science team performs a comprehensive analysis of factors car insurance providers weigh to calculate rates, including driver demographics, driving record, credit score, desired coverage level, and more to give representative samples.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating calculated by weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers a window into how insurance providers compare to one another in terms of both cost and quality.

Frequently Asked Questions