GEICO vs. State Farm Car Insurance [2023]
Comparing GEICO vs. State Farm car insurance shows you which company is more affordable and has better ratings. On average, GEICO auto insurance is $4 cheaper than State Farm. However, various factors determine affordable GEICO vs. State Farm auto insurance rates. You can buy cheaper insurance rates at both companies when you qualify for discounts. Shop around and compare to secure the best deal.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Oct 3, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 3, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
| Summary | Geico Car Insurance Stats | State Farm Car Insurance Stats |
|---|---|---|
| Year Founded | 1936 | 1922 |
| Headquarters | 5260 Western Avenue Chevy Chase, MD 20815 | One State Farm Plaza Bloomington, IL 61710 |
| Phone Number | 1-800-207-7847 | 1-800-782-8332 |
| Website | https://www.geico.com/ | https://www.statefarm.com/ |
| Available in how many states? | All States | All States |
| Direct Premiums | $35.2 Billion | $41.1 Billion |
| Market Share | 14% | 16% |
| National Average Car Insurance Rates | $268 | $272 |
Are you trying to decide if Geico or State Farm auto insurance is better? Comparing Geico vs. State Farm car insurance shows you a match-up of two of the best insurance companies in the nation.
But can you get cheaper Geico auto insurance in your state? Does State Farm auto insurance provide more coverage options? Don’t worry — we’ll show you how Geico insurance compares to State Farm.
Read this guide to see Geico vs. State Farm’s side-by-side comparison. Examine which company is cheapest, which has more coverage, and how both companies are rated.
After you explore Geico vs. State Farm car insurance, enter your ZIP code in the free online quote tool above to compare multiple insurance companies in your area.
Geico vs. State Farm Car Insurance: Which company is the cheapest?
According to the National Association of Insurance Commissioners (NAIC), the average cost of full coverage car insurance is $90 per month.
However, Geico auto insurance quotes and State Farm auto insurance quotes vary for each person. We’ve researched various factors for you and narrowed down the average rates.
Let’s examine the factors that get you affordable Geico vs. State Farm car insurance.
How does age impact Geico vs. State Farm car insurance rates?
Age is a risk factor that describes the driving experience of a driver. Younger drivers usually pay more than older drivers, but how does age affect Geico and State Farm car insurance?
Let’s take a look.
| Age of Drivers | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| 17-Year-Old Driver | $497 | $553 |
| 25-Year-Old Driver | $193 | $204 |
| 35-Year-Old Driver | $192 | $173 |
| 60-Year-Old Driver | $189 | $156 |
Senior drivers pay the least for auto insurance overall. However, State Farm insurance is at least $20 cheaper than Geico.
Does gender determine Geico and State Farm car insurance?
Yes, it does. Gender won’t be a significant factor in auto insurance in 2022, but you’ll see an increase in coverage if you’re a male driver.
Check out Geico vs. State Farm insurance rates based on gender.
| Genders | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| Male Driver | $274 | $288 |
| Female Driver | $262 | $255 |
| Non-Binary | $268 | $272 |
Female drivers pay less for Geico and State Farm auto insurance rates because they take fewer risks than males.
Non-binary drivers pay close to the average car insurance rates at both companies. Overall, Geico is more affordable when gender is factored into monthly rates.
Can marital status affect Geico vs. State Farm car insurance quotes?
Yes, it can. Single drivers are known to take more risks than married drivers. Therefore, Geico and State Farm auto insurance quotes adjust rates to offset the risk.
Here’s an example of how much married drivers and single drivers pay.
| Marital Status | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| Married | $191 | $165 |
| Single | $345 | $379 |
Married drivers save over $100 a month, but single drivers pay more a month. However, single drivers pay $34 less at Geico. Meanwhile, married drivers have more affordable rates at State Farm.
How much are Geico and State Farm car insurance rates by the state?
Where you live also determines how much you pay for State Farm and Geico auto insurance.
Let’s review how much Geico and State Farm car insurance costs in each state in the nation.
| States | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| Alaska | $240 | $186 |
| Alabama | $239 | $400 |
| Arkansas | $290 | $232 |
| Arizona | $189 | $396 |
| California | $240 | $350 |
| Colorado | $258 | $273 |
| Connecticut | $256 | $248 |
| District of Columbia | $308 | $340 |
| Delaware | $311 | $372 |
| Florida | $315 | $283 |
| Georgia | $248 | $282 |
| Hawaii | $280 | $87 |
| Iowa | $191 | $185 |
| Idaho | $231 | $156 |
| Illinois | $232 | $195 |
| Indiana | $188 | $201 |
| Kansas | $268 | $227 |
| Kentucky | $386 | $280 |
| Louisiana | $513 | $382 |
| Maine | $235 | $183 |
| Maryland | $319 | $330 |
| Massachusetts | $126 | $113 |
| Michigan | $536 | $1,047 |
| Minnesota | $292 | $172 |
| Missouri | $240 | $224 |
| Mississippi | $341 | $248 |
| Montana | $300 | $201 |
| North Carolina | $245 | $257 |
| North Dakota | $222 | $213 |
| Nebraska | $320 | $203 |
| New Hampshire | $135 | $182 |
| New Jersey | $230 | $627 |
| New Mexico | $372 | $195 |
| Nevada | $305 | $483 |
| New York | $202 | $374 |
| Ohio | $156 | $209 |
| Oklahoma | $286 | $235 |
| Oregon | $268 | $228 |
| Pennsylvania | $217 | $229 |
| Rhode Island | $467 | $201 |
| South Carolina | $265 | $256 |
| South Dakota | $245 | $192 |
| Tennessee | $274 | $220 |
| Texas | $272 | $240 |
| Utah | $247 | $387 |
| Virginia | $172 | $189 |
| Vermont | $183 | $365 |
| Washington | $214 | $208 |
| West Virginia | $177 | $177 |
| Wisconsin | $327 | $199 |
| Wyoming | $291 | $192 |
Some states have rates that are much less than the average. But overall, Geico has a cheaper average monthly rate than State Farm.
How much are Geico vs. State Farm car insurance rates based on your driving history?
One of the major characteristics that impact State Farm and Geico auto insurance quotes is your driving record.
Traffic violations, accidents, and DUIs can determine whether you pay for cheap insurance or expensive rates.
Let’s look at how various infractions affect Geico and State Farm car insurance.
| Driving Record Summary | Geico Monthly Car Insurance Rates | State Farm 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 |
DUIs have the most impact on auto insurance rates at Geico and State Farm. Speeding tickets have the least impact, but accidents can also drive up your rates.
Geico is more affordable even if you have a speeding violation or accident. However, State Farm is cheaper for drivers who have a DUI on their driving record.
Can my credit score affect Geico vs. State Farm car insurance?
The short answer is yes. Credit score (or credit history) correlates to the risk of filing claims. In other words, bad credit scores relate to a higher risk of filing insurance claims.
With higher risk comes more expensive rates. But how are State Farm and Geico auto insurance rates affected?
Let’s see how credit history impacts Geico and State Farm car insurance.
| Credit Score Summary | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $203 | $181 |
| Fair Credit Score (580-669) | $249 | $238 |
| Poor Credit Score (300-579) | $355 | $413 |
Good credit is the fastest route to cheap car insurance rates. State Farm has an advantage over Geico at good and fair credit levels. But, Geico is more affordable for people with poor credit.
Do higher coverage levels increase Geico or State Farm car insurance?
The minimum coverage level provides the state standard for auto insurance. However, Geico and State Farm may recommend a higher coverage level.
Increasing your policy limits also raises your car insurance rates.
Let’s examine Geico and State Farm insurance rates based on various coverage levels.
| Coverage Level Summary | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| Low Coverage Level (Depends on State) | $250 | $255 |
| Medium Coverage Level (50/100/50) | $268 | $272 |
| High Coverage Level (100/300/100) | $286 | $288 |
Geico is slightly cheaper than State Farm. If you want to save money at either company, you should purchase the lowest coverage level.
Are Geico and State Farm car insurance rates more expensive with a higher commute mileage?
Driving your vehicle more can produce expensive insurance rates. Frequent use of your car means your risk of filing claims increases.
But how much do Geico and State Farm auto insurance go up based on annual mileage? Let’s look at the average State Farm and Geico car insurance rates based on estimated commute miles.
| Estimated Commute Mileage | Geico Monthly Car Insurance Rates | State Farm Monthly Car Insurance Rates |
|---|---|---|
| 10 Miles Commute (6,000 miles/yr) | $264 | $265 |
| 25 Miles Commute (12,000 miles/yr) | $272 | $279 |
Although Geico is more affordable, the price gap between State Farm and Geico isn’t that significant. So you’ll be paying the same rate regardless of how much you drive.
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Which car insurance company has more coverage options?
Now that you know how much State Farm and Geico car insurance cost, you should consider what coverages are available.
Here’s a list of the coverages you can get at Geico and State Farm.
| Geico Car Insurance Coverages | State Farm Car Insurance Coverages |
|---|---|
| Bodily Injury Liability | Bodily Injury Liability |
| Property Damage Liability | Property Damage Liability |
| Medical Payments coverage | Medical Payments coverage |
| Uninsured & Underinsured Motorist coverage | Collision Coverage |
| Collision | Comprehensive Coverage |
| Comprehensive | Uninsured & Underinsured Motorist Coverage |
| Emergency Roadside Assistance | Personal Injury Protection |
| Mechanical Breakdown Insurance | GAP Insurance Coverage |
| Rental Car Reimbursement | Rental Car Reimbursement |
| Roadside Assistance | |
| Accident Forgiveness |
State Farm has more coverage options than Geico. However, Geico has mechanical breakdown insurance but doesn’t have GAP insurance like State Farm.
Do Geico and State Farm have other insurance products?
If you’re searching for a company that can give you more than car insurance, State Farm and Geico are good candidates.
But which company has more insurance products? Let’s examine another table that describes Geico and State Farm’s bundling opportunities.
| Other Insurance Products | Geico Availability | State Farm Availability |
|---|---|---|
| Boat Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Life Insurance | ✔ | ✔ |
| Homeowners Insurance | ✔ | ✔ |
| Travel Trailer Insurance | ✔ | ✘ |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✘ |
| Motorcycle Insurance | ✔ | ✔ |
| Mobile Home Insurance | ✔ | ✔ |
Geico makes up for fewer coverage options by providing more insurance products. Bundling auto insurance can save you at least 10%.
Does Geico have more car insurance discounts than State Farm?
Speaking of percentages, Geico and State Farm are known for their discounted rates. But what auto insurance deals are the nuts and bolts to affordable coverage at Geico and State Farm?
Let’s compare.
| Car Insurance Discounts | Geico Availability | State Farm Availability |
|---|---|---|
| Adaptive Cruise Control | ✘ | ✘ |
| Adaptive Headlights | ✘ | ✘ |
| Anti-lock Brakes | ✔ | ✔ |
| Anti-Theft | ✔ | ✔ |
| Daytime Running Lights | ✔ | ✘ |
| Electronic Stability Control | ✘ | ✘ |
| Utility Vehicle | ✔ | ✘ |
| Vehicle Recovery | ✔ | ✔ |
| VIN Etching | ✘ | ✘ |
| Lane Departure Warning | ✘ | ✘ |
| Newer Vehicle | ✔ | ✔ |
| Green Vehicle | ✘ | ✘ |
| Forward Collision Warning | ✘ | ✘ |
| Claim Free | ✔ | ✔ |
| Continuous Coverage | ✔ | ✘ |
| Defensive Driver | ✔ | ✔ |
| Distant Student | ✔ | ✔ |
| Driver's Ed | ✔ | ✔ |
| Driving Device/App | ✔ | ✔ |
| Early Signing | ✔ | ✘ |
| Emergency Deployment | ✔ | ✘ |
| Engaged Couple | ✘ | ✘ |
| Family Legacy | ✔ | ✘ |
| Family Plan | ✘ | ✘ |
| Farm Vehicle | ✔ | ✘ |
| Fast 5 | ✘ | ✘ |
| Federal Employee | ✔ | ✘ |
| Full Payment | ✔ | ✘ |
| Further Education | ✔ | ✘ |
| Garaging/Storing | ✘ | ✘ |
| Good Credit | ✘ | ✔ |
| Good Student | ✔ | ✔ |
| Homeowner | ✔ | ✔ |
| Life Insurance | ✘ | ✘ |
| Low Mileage | ✔ | ✔ |
| Loyalty | ✔ | ✘ |
| Married | ✘ | ✔ |
| Membership/Group | ✔ | ✘ |
| Military | ✔ | ✔ |
| Military Garaging | ✘ | ✘ |
| Multiple Drivers | ✘ | ✘ |
| Multiple Policies | ✔ | ✔ |
| Multiple Vehicles | ✔ | ✔ |
| New Address | ✘ | ✘ |
| New Customer/New Plan | ✘ | ✘ |
| New Graduate | ✘ | ✘ |
| Newly Licensed | ✘ | ✘ |
| Newlyweds | ✘ | ✘ |
| Non-Smoker/Non-Drinker | ✘ | ✘ |
| Occasional Operator | ✘ | ✘ |
| Occupation | ✔ | ✘ |
| On Time Payments | ✘ | ✘ |
| Online Shopper | ✘ | ✘ |
| Paperless Documents | ✘ | ✘ |
| Paperless/Auto Billing | ✘ | ✔ |
| Passive Restraint | ✔ | ✔ |
| Recent Retirees | ✘ | ✘ |
| Renter | ✘ | ✘ |
| Roadside Assistance | ✘ | ✘ |
| Safe Driver | ✔ | ✔ |
| Seat Belt Use | ✔ | ✘ |
| Senior Driver | ✘ | ✘ |
| Stable Residence | ✘ | ✘ |
| Students & Alumni | ✔ | ✘ |
| Switching Provider | ✘ | ✘ |
| Volunteer | ✘ | ✘ |
| Young Driver | ✘ | ✘ |
Geico has more discounts you can stack. Based on what we’ve seen, State Farm car insurance rates have shown to be competitive.
That means State Farm’s discount values are much higher than some of Geico’s bargains.
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Geico vs. State Farm Car Insurance: Which company has better ratings?
If you were ever curious about Geico and State Farm’s claim reliability, you should look into the financial strength and customer satisfaction ratings.
Fortunately, we’ve researched these items for you. Examine the ratings below and check out our explanation to see what these ratings mean.
| Agencies | Geico Ratings | State Farm Ratings |
|---|---|---|
| AM Best | A++ | A++ |
| Moody's | Aa3 | Aa1 |
| S&P | AA+ | AA |
| 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 |
A.M Best shows the financial strength of both companies. Overall, Geico and State Farm are high-earning car insurance companies with a superior ability to pay out claims and keep customers happy.
Moody’s and S&P are company credit scores. State Farm and Geico have the best scores, but State Farm has a better score at Moody’s. Meanwhile, Geico has a better S&P score.
The J.D. Power and NAIC score show how customers rate Geico and State Farm. NAIC and J.D. Power agree that State Farm is better with customers.
Finally, the iOS and Android ratings reveal how both companies’ mobile apps perform. Geico has the advantage on both platforms.
What are Geico and State Farm highlights?
Geico and State Farm are excellent auto insurance companies. Let’s look at some of the best features of both insurance companies.
Geico highlights:
- More discounts than State Farm
- Provide discounts to federal employees
- Cheap insurance rates in most states
- More opportunities to bundle with other insurance products
- Mechanical breakdown insurance (MBI) is available
State Farm highlights:
- Higher discount values than Geico
- More car insurance discounts
- More coverage options than Geico
- Affordable auto insurance rates
- Car insurance programs for teen drivers
Did we miss anything about Geico and State Farm? Read our Geico car insurance review and State Farm car insurance review for more information on both companies.
Geico vs. State Farm Car Insurance: The Bottom Line
Geico and State Farm provide affordable auto insurance rates under specific factors. On average, Geico is cheaper.
However, State Farm provides more coverage. Also, State Farm has better customer satisfaction ratings.
The best car insurance company for you depends on your situation.
Before you buy Geico vs. State Farm car insurance, use our free online tool below to compare multiple insurance companies near you.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
|
Written by
Chris Tepedino |
|
Reviewed by
Laura Walker
|