Car insurance is essential for every driver and car. Car insurance protects a huge expense by investing regularly. If any accident occurs, it provides coverage over all the injuries and damage caused.
There are two main companies in the car insurance industry, that is Root Car Insurance and Geico Insurance.
Key Takeaways
- Root Car Insurance uses telematics to determine premiums based on driving behavior, while Geico Insurance uses traditional factors such as age and location.
- Root Car Insurance is only available in select states, while Geico Insurance is available nationwide.
- Root Car Insurance offers a mobile app that tracks driving behavior and provides improvement tips, while Geico Insurance does not.
Root Car Insurance vs Geico Insurance
The difference between Root Car Insurance and Geico Car Insurance is that Root Car Insurance works on the principle of providing insurance according to the way the driver drives the car. In contrast, Geico works on the principle of the demographic information model rather than focusing on individual plans.
Root car insurance provides insurance based on the driving behaviour of the driver. It works on the technology which determines the speed, braking patterns, and driving consistency and provides customizable insurance plans.
It also allows the customers to make changes to the policy according to their needs and current situation. In contrast, Geico Insurance provides drivers with a standard insurance policy and does not follow the principle of personalization for every driver.
Geico Insurance caters best coverage plans along with add-ons like Mechanical Breakdown Insurance (MBI), emergency roadside assistance, rideshare insurance, rental car reimbursement, and several other discounts apart from the regular plan to the customers.
Comparison Table
| Parameters of comparison | Root Car Insurance | Geico Insurance |
|---|---|---|
| Principle | Provides customizable premium based on the driving skills | Provides standard plans for every driver |
| Policies covered | Covers all damages that could be caused in an accident | Apart from regular policies of injury and damage, it offers additional perks |
| Multiple vehicles | Covers only cars | Covers vehicles like cars, bikes, watercraft, boats, collector cars, etc |
| Roadside assistance | Provides roadside assistance with every policy | Roadside assistance is available and should be requested by the user to avail |
| Special discounts | Discounts to good drivers and use of semi-autonomous vehicles | Discount to federal employees and military service members |
What is Root Car Insurance?
The Root car insurance has been running since 2015. It is the first car insurance company to adjust premiums based on the driving skills of the driver. It also provides discounts on semi-autonomous vehicles and drivers who use Autosteer mode, especially Tesla.
Root car insurance functions on its mobile app. The drivers need to take the driving test on the mobile app of root car insurance, which detects driving patterns like gentle turning, smooth braking, and driving during safe hours to generate a good score.
The driving score achieved at the end of the test determines the type of discount offered on the premium. The car insurance company has the lowest rates in the entire market as it is personalized.
Good drivers are rewarded with the best prices, but drivers with not the best driving habits will not be able to get covered under Root. Root Car Insurance also provides special emergency roadside assistance free of cost.
The company covers almost all the damages likely to be caused by an accident. It is only available in 30 states which is a drawback. Root Insurance also provides a bonus to the customers on referring Root to a friend.
What is Geico Insurance?
Geico Insurance has been in the car insurance industry since 1936 to provide coverage policies to drivers. Geico Insurance offers standard plans for every driver, whether of a bike, car, or boat.
Apart from the regular policies, Geico Insurance is known for its unmatchable additional perks like Mechanical Breakdown Insurance (MBI), emergency roadside assistance, rideshare insurance, and rental car reimbursement, which most car insurance companies do not commonly offer.
Geico Insurance has a personal mobile app that detects the driving habits of the driver, like distractions during driving, braking and speed patterns, road type, and others, to provide additional discounts on the ongoing premium. It also provides a special discount to federal employees and military service members.
Most customers do complain about the poor functioning of the mobile app while appreciating the widespread coverage options provided. It is renowned for its low rates and high policy limits for all kinds of drivers. It has also been rated A++ in financial strength by AM Best.
Apart from car insurance, Geico Insurance provides coverage policies in various domains like property, jewellery, life, travel, pet, renters, business, and personal watercraft insurance policies. Geico offers affordable premium rates when compared to other insurance companies.
Main Differences Between Root Car Insurance and Geico Insurance
- Root car insurance provides policies based on driving skills, while Geico insurance offers standard plans for every driver.
- Drivers with good driving habits are eligible for root car insurance policies, while Geico insurance provides coverage to every driver.
- Root car insurance provides coverage to only car drivers, while Geico insurance offers coverage to drivers of cars, bikes, boat watercraft, collector cars, and multiple other vehicles.
- Root Car Insurance offers special discounts to drivers with good driving habits and semi-autonomous vehicle drivers, while Geico Insurance caters for discounts on premiums to federal employees and military service members.
- Root car insurance offers policies to cover possible damages and injuries caused in an accident, while Geico Insurance offers additional perks along with regular policies.
- Root car insurance is available only in 30 states, while Geico insurance is available in all the US states.
- https://ieeexplore.ieee.org/abstract/document/8987520/
- https://www.tandfonline.com/doi/abs/10.1080/10510971003797036
Last Updated : 05 August, 2023
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Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
The detailed descriptions of Root Car Insurance and Geico Insurance provide valuable insights into their distinct offerings. It’s clear that Root’s emphasis on driving behavior and personalized premiums stands out, while Geico’s additional perks are certainly appealing. A well-presented comparison.
Your explanation about Root Car Insurance and Geico Insurance is very informative. Both companies have their pros and cons. Root seems to be really rewarding for good drivers, but it’s a shame it’s only available in 30 states. On the other hand, Geico’s extra perks like the Mechanical Breakdown Insurance and rideshare insurance make it stand out. It’s a tough choice to make for drivers.
I totally agree with you. The comparison table is very helpful in understanding the different features of both companies.
The detailed explanations of Root Car Insurance and Geico Insurance present a clear picture of the contrasting approaches of these two companies. Root’s focus on individual driving behavior and personalization is remarkable, while Geico’s wide coverage options and additional perks are appealing in their own right.
Absolutely, the comparison brings out the unique features of each company, offering valuable insights for drivers.
Indeed, the thorough comparison allows drivers to understand the distinctive attributes of Root and Geico, aiding them in making well-informed choices.
It’s interesting to see the innovative approach of Root Car Insurance in determining premiums based on driving behavior. It’s good to see technology being leveraged to offer personalized insurance plans. Geico Insurance, on the other hand, seems to have a wide array of additional perks that cater to various needs of the customers.
Yes, the personalized approach of Root Car Insurance is quite unique. While Geico’s additional perks definitely add considerable value for drivers.
The comparison table is a great way to understand the different aspects of Root Car Insurance and Geico Insurance. I appreciate the clear breakdown of their principles, policies, and offerings. It definitely helps in making an informed decision.
I completely agree. This detailed comparison provides a comprehensive overview of both insurance options.
Absolutely, the comparison table is extremely insightful and makes it easier for drivers to evaluate their choices.
The detailed breakdown of Root Car Insurance and Geico Insurance provides a comprehensive understanding of the unique aspects offered by each company. The personalized premiums based on driving skills by Root are intriguing, while Geico’s range of coverage and exclusive discounts add a different dimension for drivers to consider.
Absolutely, the detailed overview allows for a well-informed decision-making process when choosing between Root and Geico.
I completely agree. The thorough comparison helps drivers evaluate which company aligns better with their requirements and preferences.
The detailed comparison of Root Car Insurance and Geico Insurance makes it easier for drivers to comprehend their options. Root’s approach of providing customizable premiums based on driving skills is intriguing, yet Geico’s range of coverage and additional benefits is equally noteworthy.
Indeed, the comparison provides a comprehensive view of Root and Geico, enabling drivers to weigh their features intelligently.
The detailed explanations of Root Car Insurance and Geico Insurance are very helpful in understanding their distinct approaches. Root’s use of telematics for determining premiums and providing improvement tips is a novel concept, while Geico’s array of additional benefits offers significant value to policyholders.
I share the same sentiment. Both companies have their unique strengths, making it essential for drivers to carefully consider their insurance needs.
Absolutely. The comparison brings out the key aspects of Root Car Insurance and Geico Insurance, allowing drivers to make informed decisions.
The detailed explanation of the differences between Root Car Insurance and Geico Insurance is very informative. It appears that Root Car Insurance is more focused on the individual driver’s behavior, while Geico Insurance offers a wider range of coverage options and perks. Drivers need to consider their priorities when choosing between the two.
Absolutely, the emphasis on individual driving behavior by Root Car Insurance is commendable, whereas Geico’s extensive coverage and additional benefits are also noteworthy.
The breakdown of Root Car Insurance and Geico Insurance is quite enlightening. It’s evident that Root’s focus on driving behavior and personalized premiums is appealing for many drivers. At the same time, Geico’s range of coverage options is quite impressive.