GEICO Named Cheapest Car Insurance Company in Latest Study by ExpertInsuranceReviews.com

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The 2013 Auto Insurance Price Comparison Study by ExpertInsuranceReviews.com compares auto insurance prices across a range of metrics. The results show that GEICO has the lowest rates out of the major direct-to-consumer insurance companies.

ExpertInsuranceReviews.com released their 2013 Auto Insurance Price Comparison Study revealing that GEICO is the low-cost leader when it comes to car insurance. The study focused on the largest direct-to-consumer insurance companies, finding that GEICO was both the cheapest and most consistent when it came to car insurance pricing.

The study took a sample of insurance quotes from across the country within different age brackets in order to come to an overall view of how the different companies priced their policies. Since each state has their own requirements for insurance, the results were broken down by state, giving the best apples-to-apples comparison.

GEICO proved to be the cheapest insurance company within 66% of the segments, and showed the most consistent pricing across all groups. While Progressive was the cheapest in California, it was almost twice as much as GEICO in New York.

GEICO was also the clear winner when it came to younger drivers, beating out Esurance by 13% in the 25 year old segment and Progressive by 46%. GEICO also came out on top with older drivers, but by a smaller margin. In the 50 year old segment, GEICO was 20% cheaper than Progressive, but just 4% below Esurance.

“The results of the study paint a pretty clear picture of how the different direct insurance providers stack up against each other in terms of cost,” said Eric Stauffer, President and CEO of ExpertInsuranceReviews.com. “This is important because price always has been, and always will be, a major factor for people when considering which insurance company to go with.”

The complete study has been posted on the ExpertInsuranceReviews.com website, and includes all the segment results as well as the data points used.

http://www.expertinsurancereviews.com/insurance-news/2013-car-insurance-price-comparison/

ExpertInsuranceReviews.com is a consumer advocacy website that provides unbiased, expert reviews about insurance companies and products. The site’s focus is the help individuals, families and business owners find the best insurance companies to work with while getting the proper coverage at a fair price. They also provide resources for finding online insurance quotes or local insurance agents.

http://www.expertinsurancereviews.com

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Eric Stauffer
pr@expertinsurancereviews.com
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