Geico vs State Farm

Fact-checked with HomeInsurance.com

8 min read
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Geico and State Farm are two of the largest insurance providers in the United States. Geico was founded in 1936 and now has 40,000 associates and insures more than 28 million vehicles. State Farm was founded in 1922 and currently has 19,000 associates and 82.9 million policies and accounts companywide, including 43.7 million auto policies.

Both companies offer a wide range of insurance coverages for cars, motorcycles, off-road vehicles, RVs and motorhomes. They also come close to each other in customer service ratings, but the rates for different types of insurance coverage vary. Geico offers lower overall rates than State Farm but has sharper rate increases for driving infractions and accidents than State Farm.

Geico and State Farm both have better than average customer service ratings, according to J.D. Power’s 2019 Auto Insurance Study, which surveyed customers to rank car insurance companies by how they handle customer interaction, what their policies offer, pricing, billing and policy information and claims processing.

Both companies received four out of five circles, labeling them as “better than most.” Geico received 825 points out of 1000 while State Farm received 824 points.

Because these companies are similar in the size of their customer base and J.D. Power rankings, we’ve put together a detailed comparison to help people determine which company is better for them.

Geico vs. State Farm: Rates comparison

In a study by U.S. News and World Report and Quadrant Information Services of male and female drivers aged 25, 35 and 60 with good, fair and poor credit, Geico’s average annual policy rate was $1,063.10 and State Farm’s was $1,260.12.

These rates are for comparison purposes only because each driver’s coverage needs will vary from those used in the study. However, for adults with good to fair driving records looking to compare rates for auto insurance policies, Geico’s comparison rate was almost $200 less than State Farm.

Rate comparison for high school students

Young drivers are more expensive to insure because insurance companies consider young people to be less experienced and higher-risk drivers. High school students living at home can be added to their parents’ auto insurance policies once they reach driving age.

Car insurance company Average 6-month premium
Geico $987
State Farm $2,999

Rate comparison for college-aged drivers

College students living at home can stay on their parents’ insurance policy. If they’re attending school away from home and not driving, they may also be able to remain on their parents’ policies. However, students who drive while living away from home should have their own insurance policies.

Rates will vary by where a driver lives, their driving history, their unique policy needs and other factors, but these comparison rates show that college students should check with Geico when shopping for their insurance policies.

Insurance company Average 6-month premium
Geico $875
State Farm $1,475

Rate comparison for graduate students

Geico’s basic comparison rate for graduate students is a few dollars higher than for college-aged drivers, but State Farm’s comparison rate is $333 less than Geico, so grad students should get a quote from State Farm.

Insurance company Average 6-month premium
Geico $884
State Farm $1,142

Rates comparison by credit level

Car insurance rates will fluctuate by credit level because insurance companies reward drivers with good credit with the lowest car insurance premiums. Drivers with fair to poor credit can expect to pay much higher insurance rates.

A study by U.S. News and World Report of male and female adult drivers between the age of 25 and 60 years old with good driving records and medium car insurance coverage levels driving a hypothetical 12,000 miles per year revealed that drivers with poor credit can pay more than $1,500 per year than drivers with good credit if they select coverage from State Farm.

Drivers with poor credit who are insured by Geico will pay more than $800 per year than drivers with good credit. Though individual coverage will vary depending upon coverage requirements and other factors, the comparison rates show that drivers with poor credit would likely pay smaller annual car insurance premiums with Geico.

Rate Comparison by credit level Good Fair Poor
Geico $1,041.20 $1,266.46 $1,853.45
State Farm $1,259.74 $1,640.00 $2,815.36

Rates comparison for drivers with a speeding ticket – one minor violation

Drivers with one speeding ticket can expect Geico insurance premiums to increase by about $293, and those with State Farm insurance will see an increase of about $148. Geico’s insurance premium rate increase for having one speeding ticket is higher than State Farm, but it’s worth noting that drivers with no violations pay almost $200 less per year with Geico than with State Farm.

Insurance company Annual policy – No violations Annual policy – One speeding ticket
Geico $1,063.10 $1,356.17
State Farm $1,260.12 $1,408.71

Rates comparison for drivers with one accident

For adult drivers with one accident who are between the ages of 25 to 60 with a good credit score, driving 12,000 miles per year with medium coverage, State Farm annual insurance premiums will cost $190 less than Geico.

Insurance company Annual premium
Geico $1,691.06
State Farm $1,501.96

Rates comparison for drivers with one DUI

Car insurance rates rise steeply with a DUI because driving while intoxicated is life-endangering to the driver and everyone else in their vicinity. Adult drivers with one DUI should get a quote from State Farm, which would cost about $1,113 less than Geico.

Insurance Company Annual Policy – No Violations Annual Policy – One DUI
Geico $1,063.10 $2,805.50
State Farm $1,260.12 $1,692.09

Geico vs. State Farm – Discounts comparison

When it comes to auto insurance policy discounts, Geico and State Farm are almost evenly matched. Both insurance companies offer standard discounts such as good driver discounts, good student discounts for a GPA above 3.0, anti-theft devices, multiple vehicles and bundling home or renter’s insurance policies with an auto policy. Both offer some unique discounts that the other does not have.

Discounts will vary by state and some discounts may not be available in all states.

Discount Geico State Farm
Discount for where you live (Affinity) X X
Anti-Theft device discount X X
Customer loyalty discount X X
Defensive driving course completion – adult X X
Defensive driving course completion – Student X X
Distant student discount X
App-based safe driving discounts/telematics for adults and young drivers X X
Federal employee discount X
Good driver discount X X
Military discount X
Multi-policy discount X X
Multi-vehicle discount X X
Passive restraint discount X X
Student – good grades -3.0 or better X X
Student away from home discount X
Vehicle safety discount – for 1994 or newer vehicles X

Geico vs. State Farm – Coverage options comparison

Geico and State Farm both offer all standard auto insurance coverages, including liability insurance, collision, comprehensive coverage, uninsured/underinsured motorist coverage and personal injury coverage. Both companies offer a variety of other coverage options:

Coverage options Geico State Farm
Car insurance coverage: Collision, comprehensive and liability insurance coverage, medical payments,ninsured motorist, personal injury, underinsured motorist X X
Accident forgiveness X For drivers over 21 with clean driving records for 5 years or more X May be limited
Mechanical breakdown insurance X
Car rental and travel expenses X Car Rental X Car rental and some travel
Emergency road service X X
Rideshare driver insurance (for Uber, Lyft or delivery drivers) X X
Motorcycle insurance X X
Off-road/ATV insurance X X
Motorhome insurance X X
Boat insurance X X
Home insurance X X
Renters insurance X X
Business vehicle coverage X X
Sports cars, antique cars and collectibles coverage X X
Health insurance X
Life insurance X X
Disability insurance X
Pet insurance X
Small business insurance X X
Mexico auto insurance X
Bank accounts X
Travel insurance X

Geico vs. State Farm – Roadside assistance

Roadside assistance is a useful service to have, even if you don’t drive much or you have a newer car.

If your car has a breakdown, State Farm Roadside Assistance can be accessed by phone or online and covers:

  • Up to an hour of mechanical labor at the site of the breakdown,
    Towing the car off the road and to the nearest repair station if the car can’t be driven
  • Tire change
  • Oil, gas or battery delivery to the site of the breakdown (but not the cost of the items
  • Up to an hour of locksmith service if keys are lost, stolen or locked inside a car.

Geico’s Roadside Assistance can be accessed using its mobile app, online or by phone and includes:

  • Labor to change flat tires
  • Up to $100 in locksmith services
  • Jumpstarting a dead battery
  • Towing to the nearest repair station.

Geico vs. State Farm – Online and mobile experience comparison

With the wide range of services offered by Geico and State Farm, it comes as no surprise that they both have easy to navigate, well-organized websites that visitors can use to find out about different types of insurance coverages and services offered by either company or get a quote online. Both companies have contact options available online, by phone or via mobile apps.

Geico

Geico can be reached 24 hours a day, 7 days a week online, by phone at 800-207-7847 (main phone number), by phone for Emergency Road Service and other departments, or through The GEICO Mobile Insurance App.

The Geico Mobile Insurance App has several useful features that let you:

  • Get roadside assistance in as quickly as two minutes.
  • Use GPS to facilitate faster location of policyholders.
  • Save time with the feature that fills in policy information automatically.
  • Access digital ID cards and other policy information
  • Use Kate, the virtual assistant chatbot, to locate help more quickly.
  • Access vehicle care information, including your repair history, service scheduling, open recalls and where to find a MyCarfax repair shop

State Farm

State Farm can be contacted by phone 24 hours a day, 7 days a week at 1-800-559-1922 or by visiting its website. State Farm also offers three mobile apps.

The State Farm mobile app

  • Manage Insurance Policies
  • File and manage claims
  • Access ID cards
  • Get roadside assistance
  • Upload photos and documents
  • Connect with an agent
  • Use Online banking: Pay, Deposit or Transfer
  • Get offers and coupons from local businesses
  • Download in the Android Market, from iTunes or by texting MOBILE to 78836 to download from a link.

The Drive Save and Save ™ App

This app with a Bluetooth device sent by State Farm to its policyholders to monitor driving to calculate policy savings eligibility for good driving discounts.

The app tracks these behaviors:

  • Annual mileage
  • Braking
  • Speed
  • Time of day travel
  • Acceleration
  • Fast cornering

State Farm auto policy-holders can enroll by downloading the app from Android Market or iTunes, or by texting SAVE to 78836, then following instructions sent by State Farm and connecting the Bluetooth device that they send by mail.

The Steer Clear® App

Young drivers up to age 25 can use this app to track their driving and earn a good driving discount from State Farm. The app has a fun, interactive interface to let users:

  • Learn how to drive safely
  • Watch helpful videos to learn better driving habits

Geico vs. State Farm – Customer satisfaction ratings

Geico isn’t registered with the Better Business Bureau (BBB) but they have A+ rating and an average of one star out of a possible of five stars because most customers who leave ratings on the BBB website have complaints. On the BBB website, 3,103 complaints were closed in the past three years, and 1,057 complaints were closed in the past twelve months. Many of the customer complaints were about billing issues, and Geico claims that they have handled those issues. The Consumer Affairs website shows Geico reviews aggregated with an average of four out of five stars from 3,254 mostly positive ratings in the past twelve months.

State Farm isn’t registered with the Better Business Bureau (BBB) either. Like Geico, State Farm has an A+ rating and an average of one star out of a possible five stars. The customers who post reviews are mostly unhappy with billing, State Farm claims or customer service. In the last three years, 1,393 customer complaints were closed, and 463 complaints were closed in the past twelve months. State Farm reviews show four out of five stars from 2,660 mostly positive ratings submitted in the past twelve months on the Consumer Affairs website.

Frequently asked questions

Which company has cheaper car insurance, Geico or State Farm?

A recent study by U.S. News and World Report and Quadrant Information Services found that Geico’s average annual policy rate was $1,063.10, which is $200 less than State Farm’s rate of $1,260.12. These rates should be used for comparison only because each driver’s insurance coverage requirements will vary. Rates also vary by other factors including age, where a driver lives, driving history and type of vehicle.

Why is Geico cheaper than State Farm for basic insurance?

Geico rewards good driving with cheaper rates. However, Geico’s rate increases are steeper for driving infractions like speeding tickets, accidents or DUIs. State Farm starts out at slightly higher rates, but its rate increases are lower for speeding tickets, accidents and DUIs.

Which insurance company offers discounts for government employees and active military?

Geico offers discounts for government employees and active military and their families.

Which car insurance company also offers health insurance, disability insurance and online banking?

State Farm offers a wide range of services beyond car insurance including health insurance, disability insurance, life insurance, fire insurance and online banking.