Farmers vs. GEICO Car Insurance (2021)
If you are trying to decide between Farmers vs. Geico car insurance, you will likely notice that Geico has lower rates. Geico car insurance also has 24/7 customer service, while Farmers customer service has defined hours. Both Farmers and Geico offer plenty of car insurance discounts that are sure to help lower your rates.
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Written by
D. Gilson, PhD
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Reviewed by
Leslie Kasperowicz
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UPDATED: Jan 28, 2021
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- Geico and Farmers both have multiple locations across the United States.
- In most cases, Geico offers lower rates, though Farmers rates are usually similar.
- Both companies received good ratings from AM Best and the Better Business Bureau.
When looking through the best insurance companies, you may have found yourself comparing Farmers vs. Geico. Both Geico and Farmers are reputable insurance companies that have been around for many, many years. They both have a multitude of locations around the country, so you likely won’t have trouble finding an agent in your area. If you have found yourself trying to decide between Farmers Vs. Geico, then it is important to consider many things.
While Geico offers the lowest rates in most cases, Farmers offers more discounts. You should also consider each company’s customer service as well as the policies they offer. Below, we have collected plenty of information on both companies, including their rates, discounts, and more.
You may be having a hard time choosing between Farmers Vs. Geico, but our article will give you everything you need to make an informed decision. Also, be sure to compare rates in your area by using our comparison tool.
Farmers vs. GEICO: Comparing Car Insurance Rates
When comparing Farmers vs. Geico car insurance rates, you will notice that they can be quite similar. However, it is important to note that your projected rates can differ depending on many factors. Some of these factors, which are covered in the sections below, can greatly affect your Farmers vs. Geico car insurance quotes.
Which is cheapest by state?
There are some states out there that pay much more in insurance rates than others. See where your state falls in the chart below.
| State | Farmers Average Annual Rates | Geico Average Annual Rates |
|---|---|---|
| Alaska | Data Not Available | $2,879.96 |
| Alabama | $4,185.80 | $2,866.60 |
| Arkansas | $4,257.87 | $3,484.63 |
| Arizona | $5,000.08 | $2,264.71 |
| California | $4,998.78 | $2,885.65 |
| Colorado | $5,290.24 | $3,091.69 |
| Connecticut | Data Not Available | $3,073.66 |
| District of Columbia | Data Not Available | $3,692.81 |
| Delaware | Data Not Available | $3,727.29 |
| Florida | Data Not Available | $3,783.63 |
| Georgia | Data Not Available | $2,977.20 |
| Hawaii | $4,763.82 | $3,358.86 |
| Iowa | $2,435.72 | $2,296.16 |
| Idaho | $3,168.28 | $2,770.68 |
| Illinois | $4,605.20 | $2,779.16 |
| Indiana | $3,437.55 | $2,261.07 |
| Kansas | $3,703.77 | $3,220.65 |
| Kentucky | Data Not Available | $4,633.59 |
| Louisiana | Data Not Available | $6,154.60 |
| Maine | $2,770.15 | $2,823.05 |
| Maryland | Data Not Available | $3,832.63 |
| Massachusetts | Data Not Available | $1,510.17 |
| Michigan | $8,503.60 | $6,430.11 |
| Minnesota | $3,137.45 | $3,498.54 |
| Missouri | $4,312.19 | $2,885.33 |
| Mississippi | Data Not Available | $4,087.21 |
| Montana | $3,907.55 | $3,602.35 |
| North Carolina | Data Not Available | $2,936.69 |
| North Dakota | $3,092.49 | $2,668.24 |
| Nebraska | $3,997.29 | $3,837.49 |
| New Hampshire | Data Not Available | $1,615.02 |
| New Jersey | $7,617.00 | $2,754.94 |
| New Mexico | $4,315.53 | $4,458.30 |
| Nevada | $5,595.56 | $3,662.09 |
| New York | Data Not Available | $2,428.24 |
| Ohio | $3,423.01 | $1,867.19 |
| Oklahoma | $4,142.40 | $3,437.34 |
| Oregon | $3,753.52 | $3,220.12 |
| Pennsylvania | Data Not Available | $2,605.22 |
| Rhode Island | Data Not Available | $5,602.63 |
| South Carolina | $4,691.85 | $3,178.01 |
| South Dakota | $3,768.80 | $2,940.29 |
| Tennessee | $3,430.07 | $3,283.42 |
| Texas | Data Not Available | $3,263.28 |
| Utah | $3,907.99 | $2,965.57 |
| Virginia | Data Not Available | $2,061.53 |
| Vermont | Data Not Available | $2,195.71 |
| Washington | $2,962.00 | $2,568.65 |
| West Virginia | Data Not Available | $2,120.80 |
| Wisconsin | $3,777.49 | $3,926.20 |
| Wyoming | $3,069.35 | $3,496.56 |
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As you can see, some of the highest rates are paid in the state of Michigan.
Which is cheapest by driving record?
If you have a clean driving record, then your rates will likely be lower. Check out the chart below for a few examples of this.
| Driving Record | Farmers Average Annual Rates | Geico Average Annual Rates |
|---|---|---|
| Clean Record | $3,460.60 | $2,145.96 |
| With One Accident | $4,518.73 | $3,192.77 |
| With One DUI | $4,718.75 | $4,875.87 |
| With One Speeding Violation | $4,079.01 | $2,645.43 |
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Those with a DUI on their driving record often pay much higher auto insurance rates, no matter which company you go with.
Which is cheapest by age and gender?
Age is still a factor when determining rates for most auto insurance companies, however, it is illegal to base rates on gender in several states, including Hawaii, Massachusetts, Montana, Pennsylvania, and North Carolina.
| Age, Gender, and Marital Status | Farmers Average Annual Rates | Geico Average Annual Rates |
|---|---|---|
| Married 35-year old female | $2,556.98 | $2,302.89 |
| Married 35-year old male | $2,557.75 | $2,312.38 |
| Married 60-year old female | $2,336.80 | $2,247.06 |
| Married 60-year old male | $2,448.39 | $2,283.45 |
| Single 17-year old female | $8,521.97 | $5,653.55 |
| Single 17-year old male | $9,144.04 | $6,278.96 |
| Single 25-year old female | $2,946.80 | $2,378.89 |
| Single 25-year old male | $3,041.44 | $2,262.87 |
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There are many reasons auto insurance companies charge more for younger drivers as was covered in an article by the III.
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Farmers vs. GEICO: Ratings and Customer Satisfaction
While Geico and Farmers are both reputable companies, they do have slightly different financial ratings and customer reviews. Additionally, Geico customer service office is available 24/7 while Farmers is available from 7:00am to 11:00pm CST on Monday-Friday and 8:00am to 8:00pm CST on Saturday and Sunday.
Additionally, both companies offer apps where you can pay bills, contact customer service, and more. To pay bills online you can easily create a Geico login or Farmers login via their respective websites.
What are their financial ratings?
Checking financial ratings is important for making sure that you are working with a reputable company. See how Geico and Farmers are rated in the chart below.
| Ratings Website | Farmers Ratings | Geico Ratings |
|---|---|---|
| AM Best | B++ (Good) | A++ |
| S&P | N/A | AA+ |
| Moody's | N/A | N/A |
| Better Business Bureau | A+ | A+ |
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As you can see, both companies have similar financial ratings.
How do customers rate them?
When it comes to ratings, it is also important to check each company’s Consumer Reports score, which is provided in the chart below.
| Review Company | Farmers Ratings | Geico Ratings |
|---|---|---|
| Consumer Reports | 89 | N/A |
| J.D. Power | 865 (About Average) | 879 (About Average) |
| Better Business Bureau | 1.46/5 stars | 1.14/5 stars |
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While a Consumer Reports score for Geico couldn’t be found, they do show good scores from J.D. Power and the Better Business Bureau. For more information on each company’s customer ratings, check out our Geico Insurance review as well as our Farmers Insurance review.
Farmers vs. GEICO: Car Insurance Coverage and Options
What are their coverage options?
When it comes to the basics, Geico and Farmers seem to offer similar options.
| Types of Coverage | Farmers Coverages | Geico Coverages |
|---|---|---|
| Bodily injury liability | x | x |
| Personal Injury Protection (PIP) | x | x |
| Property damage liability | x | x |
| Comprehensive | x | x |
| Collision | x | x |
| Uninsured/underinsured bodily injury | x | x |
| Uninsured/underinsured motorist property damage | x | x |
| Medical payments | x | x |
| Roadside assistance | x | x |
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Each of the coverage options listed in the chart above are good to have with some being required, depending on where you live.
What discounts do they offer?
Even if a company’s rates are out of your price range, you might find plenty of savings with the discounts they offer.
| Discounts | Farmers Discounts Offered | Geico Discounts Offered |
|---|---|---|
| Adaptive Headlights | x | |
| Anti-lock Brakes | x | x |
| Anti-Theft | x | x |
| Daytime Running Lights | x | x |
| Electronic Stability Control | x | |
| Utility Vehicle | x | x |
| Vehicle Recovery | x | x |
| VIN Etching | x | |
| Lane Departure Warning | ||
| Newer Vehicle | x | x |
| Green Vehicle | x | |
| Claim Free | x | x |
| Continuous Coverage | x | x |
| Defensive Driver | x | x |
| Distant Student | x | x |
| Driver's Ed | x | x |
| Driving Device/App | x | |
| Early Signing | x | x |
| Emergency Deployment | x | |
| Family Legacy | x | x |
| Family Plan | x | |
| Farm Vehicle | x | x |
| Federal Employee | x | |
| Full Payment | x | x |
| Further Education | x | |
| Garaging/Storing | x | |
| Good Student | x | x |
| Homeowner | x | x |
| Low Mileage | x | x |
| Loyalty | x | |
| Membership/Group | x | |
| Military | x | |
| Multiple Policies | x | x |
| Multiple Vehicles | x | x |
| Occupation | x | x |
| On Time Payments | ||
| Paperless Documents | x | |
| Paperless/Auto Billing | x | |
| Passive Restraint | x | x |
| Safe Driver | x | x |
| Seat Belt Use | x | |
| Senior Driver | x | |
| Students & Alumni | x | |
| Switching Provider | x | |
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As you can see, Farmers offers a few more discount options than Geico. For exactly how much you can save contact an agent in your area for a Geico quote with discounts or Farmers quote with discounts.
Farmers vs. GEICO: Which company is best?
So, on your search for affordable car insurance, you’ve found yourself comparing Farmers vs. Geico. It’s hard to deny the low rates offered by Geico, however, Farmers rates can be quite comparable in some areas. Farmers vs. Geico car insurance policies are similar and both have high financial ratings. Determining the perfect company between Farmers vs. Geico, all comes down to your specific car insurance needs.
When looking to buy Farmers vs. Geico car insurance, it is a good idea to compare rates from other companies as well. Use our comparison tool below to easily compare rates from top companies in your area.