Is GEICO or Progressive Florida Car Insurance Cheaper?
April 14, 2025
GEICO generally tends to have lower average car insurance rates than Progressive for Florida drivers. However, Progressive may be a better fit for specific situations, such as drivers with a DUI or those seeking extensive optional coverages. According to Lending Tree, GEICO most often offers cheaper average rates for many drivers, including those with tickets, accidents, or younger drivers. On the other hand, according to CNBC, Progressive may be more competitively priced for senior drivers or those with a DUI.
Good news is that both GEICO’s DriveEasy and Progressive’s Snapshot mobile apps offer optional tracking programs that can potentially offer our customers a safe driver’s discount. Both insurance carriers offer very competitive rates in the majority of driver categories and have lower annual rates lower than the national average. In addition, a recent customer survey suggested policyholders were equally satisfied with the policy discounts offered by each company. Although both offer multi-car and multi-policy discounts, Geico’s list of potential discounts is longer, but an agent can ensure you’re getting the best rates.
Additional factors that can affect car insurance costs include age, driving record, type of vehicle being insured, location, and coverage needed. According to U.S. News & World Report, GEICO’s average annual premiums are typically lower than Progressive’s. Plus, both companies are usually less expensive than the national average for car insurance. But for most drivers, GEICO's lower average rates make their policy a strong contender. Nonetheless, it is crucial to compare quotes from both companies to find the best fit for your specific needs and driver circumstances.
Warren Buffett’s investor company, Berkshire Hathaway Inc. purchased GEICO in 1996 as a wholly-owned subsidiary. Progressive, on the other hand, is a publicly-traded insurance company that’s owned by its shareholders, Among the largest Progressive stakeholders are The Vanguard Group, BlackRock Fund Advisors and Wellington Management. Geico and Progressive both offer the minimum car insurance coverage required in each state. However, they also have optional add-ons to customize your policy with more protection.
How to Buy Auto Insurance Online
Purchasing car insurance to legally operate a vehicle on roadways is required for drivers in all but one state. Although New Hampshire is the only state that does not mandate auto insurance coverage, drivers must show financial responsibility to meet minimum requirements for bodily injury, property damage, and medical payments to operate a vehicle in “The Granite State.” In Florida, state statutes require all drivers to have insurance, plus it is illegal to operate a vehicle without “no fault” coverage. In fact, drivers must purchase required minimum amounts of auto insurance to register vehicles and avoid penalties for non-compliance.
Driving in the Sunshine State without the required personal injury protection (PIP) and property damage liability (PDL) insurance coverage can result in fines, suspension of your driver's license, and even a jail sentence. Buying auto insurance online can often save a driver money by eliminating the commission fees for an agent, but buying coverage through an independent agent at Nsurance Nation offers a more in-depth experience for policy analysis to find the most cost-effective options based on your specific circumstances. In addition, some carriers may or may not offer all types of policy options online.
Although shopping for Florida auto insurance online might be the quickest way to compare generic quotes, it may or may not be the best way for you to find the coverage that best suits your unique needs. Plus, for some drivers who are blindly purchasing car insurance online, it can seem confusing or intimidating. Whereas you may be able to purchase coverage online without talking to anyone, you will be missing out on the opportunity to interact with an experienced agent who is ready to answer questions, review your current coverages and discuss any special needs to protect your financial assets from the unexpected.
Nsurance Nation Can Help with Optional Coverages
While Florida is a no-fault state, many drivers choose to purchase additional coverages beyond the minimum requirements of $10,000 for Personal Injury Protection and $10,000 for Property Damage Liability. PIP/PDL covers up to 80% of reasonable medical expenses and 60% of lost wages after an accident, so you must have an emergency medical condition as defined by state law to receive the full benefits up to the PIP policy limits.
Additionally, following a vehicular accident in the Sunshine State, both you and any injured passengers must seek medical care within 14 days of the accident. Although PIP and PDL coverages are mandatory, other auto insurance options are highly recommended for those needing to protect their assets with additional medical coverage or to pay for the damages to his or her vehicle. At Nsurance Nation, we’re available if you need to file a claim with GEICO or Progressive. But for starters, here’s some options to consider:
- Bodily Injury Liability – While bodily injury is not mandatory in Florida, it covers medical expenses and lost wages for injuries to others that you caused in an accident. Generally speaking, an independent agent can help you determine adequate financial protection for someone else’s medical costs, including rehabilitation expenses and lost income during recovery.
- Collision Insurance – Florida’s mandatory PDL does not cover expenses to repair damages to your vehicle. Regardless of who was at fault, adding collision coverage to your portfolio is smart. Collision insurance is often required for financed or leased vehicles. Plus it makes sense for more expensive vehicles, especially in areas with a high-likelihood for accidents.
- Uninsured Motorists – Although the exact statistics vary slightly by sources, Florida has one of the highest number of uninsured motorists in the nation at about 25%. Moreover, because many drivers only carry the minimum “no-fault” insurance required by state statutes, it means most are highly underinsured should they cause a more serious incident.
- Comprehensive Coverage – Not all vehicle damage occurs from auto accidents. In fact, the Sunshine State is well-known for seasonal natural disasters. Moreover, expenses for damages due to non-collision events like theft, fire or vandalism can be paid through comprehensive auto insurance coverage. An independent agent can help determine your needs.
- Medical Payments Coverage – Mandated Florida PIP/PDL auto insurance normally pays up to 80% of medical expenses for you and your injured passengers up to the minimum limits. MedPay is purposefully designed to provide benefits for out-of-pocket expenses that may not be covered by no-fault insurance or their personal health insurance policy.
Many of the experts say that you are never entirely prepared for a serious auto accident. However, you can take proactive steps to reduce the unexpected financial hardship following any number of incidents. Optional car insurance policies offer a smart way for you to have more particular coverages that better suit your specific needs for protecting your assets. For example, whether you drive an expensive or less-expensive car, an independent agent at Nsurance Nation can help you determine the correct amounts of optional coverage.
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Agents play a crucial role in the insurance industry by providing personalized advice to their clients. Plus, our experienced agents can bind coverages, while brokers cannot and must do so through an intermediary. At Nsurance Nation, our experienced staff can help you decide whether GEICO, Progressive, or a carrier you haven’t considered has the insurance policy that works best based on your unique circumstances. Call 1-833-450-9490 to speak with an agent at Nsurance Nation today.
