GEICO vs. State Farm Car Insurance (2021)
GEICO and State Farm are leading car insurance companies. State Farm auto insurance is $4 more than GEICO auto insurance monthly. Age, credit score, and driving record can affect GEICO vs. State Farm car insurance rates. Compare GEICO vs. State Farm car insurance quotes to see which is best for you..
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UPDATED: Apr 30, 2021
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- GEICO and State Farm have car insurance rates under $300 per month
- State Farm quotes are slightly more expensive than GEICO quotes
- Although GEICO insurance is cheaper, State Farm has more coverage options
- State Farm has better financial strength ratings, but GEICO has better mobile app ratings
You’ve looked through the best insurance companies and narrowed your shopping list to GEICO and State Farm insurance. They’re two of the biggest companies out there, and there is a lot to know about them.
But don’t worry – we’re here to help you sort through GEICO vs. State Farm car insurance rates, coverage options, discounts, and third-party ratings.
Read on to learn more about GEICO vs. State Farm. To get free quotes now, enter your ZIP code in the free comparison tool.
GEICO vs. State Farm Car Insurance: Which company is cheapest in a head-to-head comparison?
Let’s take a look at some sample GEICO vs. State Farm car insurance quotes.
On average, GEICO auto insurance is $268 per month, and State Farm auto insurance is $272 per month. However, comparing State Farm vs. GEICO car insurance for different situations like bad credit or a DUI on your record can make a big difference.
Most frequently asked questions focus on GEICO and State Farm pricing and coverage. Check out the following three subsections to look at the factors that determine car insurance rates and how each company’s rates compare.
Does age affect GEICO and State Farm car insurance rates?
Age generally correlates to your driving experience. The only exception is if you’re an older driver that recently started driving.
Usually, new drivers are teens and young adults. Let’s compare how GEICO and State Farm rates look for different age groups.
|Age of Drivers||GEICO Average Monthly Car Insurance Rates||State Farm Average Monthly Car Insurance Rates|
Senior drivers pay the least for car insurance at State Farm and GEICO, but State Farm is cheaper for married drivers over 34 years old. Meanwhile, GEICO is more affordable for single drivers.
Can your credit history determine GEICO vs. State Farm car insurance quotes?
According to Experian, car insurance providers give cheaper rates to customers who have good and excellent credit because they’re less likely to file a claim.
Customers with fair and poor credit statically have a higher chance of filing a claim. Therefore, rates for lower credit scores are higher.
Let’s compare State Farm vs. GEICO auto insurance rates.
|Credit Score Summary||GEICO Average Monthly Car Insurance Rates||State Farm Average Monthly Car Insurance Rates|
|Good Credit Score (670-739)||$203||$181|
|Fair Credit Score (580-669)||$249||$238|
|Poor Credit Score (300-579)||$355||$413|
GEICO car insurance is more expensive for those with good and fair credit score levels. However, State Farm charges more money for poor credit.
Therefore, GEICO may be the best company for you if you have poor credit.
Do driving violations impact GEICO and State Farm car insurance premiums?
Your driving history is one of the most significant factors when determining the cost of car insurance. A clean driving record is the quickest road to affordable auto insurance.
So how can driving violations affect GEICO and State Farm car insurance? Let’s examine both companies’ responses.
|Driving Record Summary||GEICO Average Monthly Car Insurance Rates||State Farm Average Monthly Car Insurance Rates|
|Clean Driving Record||$179||$235|
|With 1 Speeding Violation||$220||$266|
|With 1 Accident||$266||$283|
|With 1 DUI||$406||$303|
GEICO is less expensive for speeding violations and accidents, but State Farm is cheaper for drivers with a DUI conviction. Affordability depends on the infractions on your driving history.
It appears that State Farm is more lenient on DUI charges than accidents. That factor may vary by location.
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Comparing GEICO and State Farm Car Insurance Discounts
What can you do about expensive car insurance? You can look at discounts. Auto insurance discounts can usually lower your rate, but you might have to ask for them.
So what discounts are available at State Farm and GEICO? And which company has more deals? Let’s look at the can answers to those questions in the list below. Use the search box for a quick search.
|Car Insurance Discounts||GEICO Availability||State Farm Availability|
|Adaptive Cruise Control||✘||✘|
|Daytime Running Lights||✔||✘|
|Electronic Stability Control||✘||✘|
|Lane Departure Warning||✘||✘|
|Forward Collision Warning||✘||✘|
|New Customer/New Plan||✘||✘|
|Seat Belt Use||✔||✘|
|Students & Alumni||✔||✘|
GEICO has 12 more discounts than State Farm. The companies are competitive, so you’ll have to see which discounts are available to you.
Bundling various insurance products is one way to guarantee savings. Multi-car and multi-policy discounts can save you a lot of money.
GEICO and State Farm have the same coverage options, but State Farm has a few more such as GAP coverage and Accident Forgiveness when you sign up.
Financial Strength, Credit, and Customer Experience Reviews: GEICO vs. State Farm Car Insurance
Before you decide to buy GEICO vs. State Farm car insurance, examine the most recent ratings from the best agencies in the United States.
These ratings are collected from financial performance and customer satisfaction each year. We’ve selected the most reliable rating agencies and compiled them into a data table. Let’s review.
|Agencies||GEICO Ratings||State Farm Ratings|
|NAIC Complaint Index||1.14||0.98|
|J.D. Power - Power Circle Ratings||About Average||Better Than Most|
|Apple App Store (iOS) Ratings||5 stars||3 stars|
|Google Play Store (Android) Ratings||5 stars||4 stars|
State Farm and GEICO have the same A.M. Best ratings, but State Farm has a better Moody’s rating. However, GEICO’s S&P credit rating is better.
With J.D. Power and NAIC, State Farm has strong customer satisfaction ratings, but GEICO has better mobile app ratings overall.
GEICO vs. State Farm Car Insurance: What’s the bottom line?
GEICO and State Farm are competitive car insurance companies that have a place in the top ten companies in the United States. With only a $4 difference, it’s tough to choose which one is best. When you get a personalized quote, you’ll know for sure whether affordable GEICO vs. State Farm car insurance is available to you.
Now that you know more about GEICO vs. State Farm car insurance, use our free online quote tool below to compare multiple companies in your local area.