26 October 2020

How to Choose Between Geico and Stat Farm Car Insurance


Get great auto insurance coverage at an even better price.

For most people, shopping for car insurance ranks right up there with doing your taxes. However, if you don’t regularly check up on your car insurance to make sure you’re getting the best rates and working with the right auto insurance company, you could end up paying thousands more than you should. Car insurance companies can charge very different rates, even to drivers who are in the same situation. Different companies also offer very different experiences when it comes to customer service. It’s worth taking the time to make sure you are working with a company that will treat you well and provide you with the right policy for your needs.

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Shopping around for insurance is worth it, but that doesn’t mean it’s easy. That’s where we come in. We’ve collected average annual rates from the nine largest auto insurance companies in the U.S. so you can see who is likely to give you the best deal for your situation. We’ve also ranked the same companies on customer satisfaction, so you can home in on the companies you’ll actually enjoy dealing with. 

For this comparison, we’re focusing on Geico and State Farm: two of the largest car insurance companies in the country. Both companies have competitive rates that proved to be among the most affordable of all the insurers in our study. Both also earned good scores in our customer surveys. To cut to the chase, our study found that Geico is going to be the better choice for most drivers, with slightly better customer satisfaction scores and better rates for most – but not all – driver profiles in our study. Read on to learn more.

Our Car Insurance Ranking

  1. USAA
  2. Geico
  3. Allstate
  4. State Farm
  5. Farmers
  6. Progressive
  7. American Family
  8. Nationwide
  9. Travelers

Read more about the Best Car Insurance Companies »

The Geico gecko tells us that 15 minutes could save you 15% on car insurance, and the company does generally have lower rates than many of the top nationwide insurance companies. As part of Berkshire Hathaway, Geico has 12.83% of the auto insurance market as of 2017. It’s the second-largest insurer in the country after State Farm.

Geico also ended up as one of the top-ranked insurance companies in our study, coming second only to USAA. State Farm was not far behind, in the number four spot. Respondents found it easy to file a claim with Geico, and gave the company one of the highest scores for customer service. More than 70% said they would renew their auto policy with Geico and about the same number said they would recommend the company to others. 

Read our full Geico review to learn more »

State Farm is the reigning insurance champ with the largest market share: 18.13% at the end of 2017. Geico gained market share in 2017, while State Farm dropped .17 points, but State Farm still has the biggest piece of the market pie.

According to those who took our survey, State Farm did best with the ease of filing a claim. Customer service was a very close second. While those scores were good, State Farm trailed Geico slightly for both, as was the case in response to other questions in our study. Slightly less than 70% of respondents said they would recommend State Farm car insurance to others. State Farm had a slight edge when it came to customer loyalty, with three out of four saying they would renew their auto policy.

Read our full State Farm review to learn more »

At U.S. News, we’re all about helping people make life’s important decisions. Our college rankings, launched in 1983, set the standard in educational rankings. Our rankings in other fields, like healthcare, government, and the automotive sphere, help people and thought leaders make choices that make lives better. Now we’re continuing to empower you with the information you need to make the right choices for your life with our Best Car Insurance Rankings. 

We surveyed 2,732 consumers who filed a car insurance claim in the last five years, asking questions about their car insurance company. Of the survey respondents, 285 filed a claim with Geico and 463 filed a claim with State Farm. These questions covered satisfaction with the ease of filing a claim, customer service, claim status communication, claim resolution, and overall value. We also asked whether they’d recommend the company and if they planned to renew their policy. We used their responses to build our Best Car Insurance Companies Rankings and this head-to-head comparison.

To get comparative insurance rates for this study, U.S. News also worked with Quadrant Information Services to analyze a report of insurance rates in all 50 states from the 10 largest national car insurance companies, though not every company operates in every state. Quadrant obtained publicly available rate data that car insurers file with state regulators. Our study rates are based on profiles for both male and female drivers aged 25, 35, and 60. Vehicles used include the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150, with annual mileage ranging from 6,000 and 12,000. Three car insurance coverage levels were used, as were credit tiers of good, fair, and poor. Clean driving records and records with one accident, one speeding violation, and one DUI were also used in the calculations of certain driver archetypes. 

To get the study rates shown here, we computed the mean rate for male and female drivers aged 25, 35, and 60 who drive 12,000 miles per year and have medium coverage, good credit, and a clean driving record. The rates shown here are for comparative purposes only and should not be considered “average” rates available by individual insurers. Because car insurance rates are based on individual factors, your car insurance rates will differ from the rates shown here.

Our study found that Geico and State Farm are two of the more affordable competitors when it comes to average representative car insurance rates across the country, with both landing in the top five of the nine insurers we looked at. The difference in rates between the two amounted to just $66 annually for our driver profiles, with Geico a slightly better deal at $1,168 on average. With State Farm, we found an average car insurance representative rate of $1,234, roughly $66 more. Only USAA was cheaper, with an average rate of $885 annually for our driver profiles. Savings with Geico tended to be greater for our younger driver profiles. 

Though this comparison focuses mainly on car insurance rates, we also looked at how satisfied car insurance customers were with their auto insurance company. For more information, check out our full ranking of the best car insurance companies and learn about what real customers say about Geico, State Farm, and their competitors.

Average Annual Rates:

Read more about the Cheapest Car Insurance Companies »

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25-year-old male

35-year-old male

60-year-old male

Geico

$1,269

$1,134

$1,067

State Farm

$1,469

$1,205

$1,098

As drivers age and gain experience behind the wheel, car insurance rates drop. For our 25-year-old male profiles, we found an average representative rate of $1,269 with Geico and $1,469 with State Farm. That works out to a savings of about $200 annually with Geico.

Geico remained the cheaper choice for our older driver profiles, but the difference in study rates narrowed with age. The average auto insurance rate in our analysis for our 35-year-old male driver profiles with Geico was $1,134, and $1,205 with State Farm. For this demographic, we found an advantage of about $71 annually with Geico. 

For our 60-year-old male profiles, representative rates continued to fall, but the difference in rates narrowed between the two companies. Rates in our study for our 60-year old-male profiles averaged $1,067 with Geico, and $1,098 with State Farm – an advantage of just $31 with Geico. 

To find the average rates in our study based on gender and age, we created driver profiles for males in each of the following ages: 25 years, 35 years, and 60 years. The profiles also have a clean driving record, insurance coverage for 12,000 miles per year, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

25-year-old female

35-year-old female

60-year-old female

Geico

$1,365

$1,119

$1,053

State Farm

$1,330

$1,205

$1,098

Somewhat surprisingly, Geico was not only more expensive than State Farm for our 25-year-old female profiles, Geico proved to be the only insurer in our study with higher rates for women than men in this age group. The average car insurance representative rate for our 25-year-old female profiles with Geico was $1,365, almost $100 more than we found for males of the same age. That’s also $35 more than the $1,330 average we saw with State Farm for a 25-year old female profile. 

For older female profiles, however, Geico had more affordable rates than State Farm. We found that State Farm’s average representative rates for car insurance were the same for both male and female profiles after age 35, but rates for older female profiles were higher than with Geico. For our 35-year-old female profiles, the average study rate with Geico was $1,119. That’s about $85 less than the $1,205 we found with State Farm. For our 60-year-old female profiles, the average representative rate was $1,053 with Geico and $1,098 with State Farm. That’s an annual advantage of about $45 with Geico. 

We created driver profiles for females in each of the following ages: 25 years, 35 years, and 60 years. The profiles have a clean driving record, 12,000 miles per year, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

12,000 miles annually

Geico

$1,168

State Farm

$1,234

Car insurance rates from these two companies are very close for the profile who drive 12,000 miles each year. Geico’s average study rate for these driver profiles is $1,168. At State Farm, the average is $1,234. That’s a difference of about $66.

To find the average rates in our study based on annual mileage, we created driver profiles for customers who drove 12,000 miles per year. The profiles have a clean driving record, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

6,000 miles annually

Geico

$1,107

State Farm

$1,114

Auto insurance rates are even closer for those who drive less. Driver profiles who put 6,000 miles on the odometer each year, pay an average study rate of $1,107 with Geico and $1,114 with State Farm. That’s a savings of $7 with Geico. 

To find the average rates in our study based on annual mileage, we created driver profiles for customers who drove 6,000 miles per year. The profiles also have a clean driving record, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

Good credit

Geico

$1,175

State Farm

$1,231

Your credit score can have a big impact on your car insurance rates, amounting to a difference of hundreds of dollars per year. Drivers with good credit see the most competitive car insurance rates. Geico’s average study rate for our driver profiles for this group was about $1,175, while the average representative rate with State Farm’s was $1,231. That’s about $56 more than Geico.

Our study reviewed the effects of credit score on car insurance rates using male and female driver profiles aged 25 years, 35 years, and 60 years. We created a profile for each level of credit score (good, fair, and poor) and assigned the profiles a clean driving record, a medium level of insurance coverage, and 12,000 miles of annual driving. The 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150 are the vehicles used in our analysis.

 

Poor credit

Geico

$1,855

State Farm

$2,745

Here, our study found a big advantage for Geico, with representative rates about $900 less than State Farm on average for our driver profiles with poor credit. We found an average study rate for this group of $1,855 with Geico, compared to $2,745 with State Farm. 

While Geico has a big price advantage for this group, note that we found substantially higher rates with both companies for drivers with poor credit compared to those with good credit. With Geico, the increase for our driver profiles amounted to almost $700 annually. With State Farm, the difference was more than $1,500. 

To compare the effects of credit score on car insurance rates, we used male and female driver profiles aged 25 years, 35 years, and 60 years. We created a profile for each level of credit score (good, fair, and poor) and assigned the profiles a clean driving record, a medium level of insurance coverage, and 12,000 miles of annual mileage. The 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150 are the vehicles used in our analysis.

 

Clean record

Geico

$1,168

State Farm

$1,234

Maintaining a clean driving record is one of the best ways to save on auto insurance. Insurance companies are happiest when they don’t have to pay claims, so they reward accident-free drivers with lower auto insurance rates. 

Geico’s average car insurance study rate for driver profiles with a clean record is less than State Farm’s. At Geico, the average is $1,168, while at State Farm it’s $1,234. That’s about $66 more than Geico’s representative rate.

We compared driver profiles including those with a clean record, those with one speeding violation, those with one accident, and those with one instance of driving under the influence (DUI). These driving record representative profiles included 25-, 35-, and 60-year-old males and females with 12,000 miles of driving per year, a medium level of insurance coverage, and a good credit score. Vehicles used in the analysis are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

With 1 speeding violation

Geico

$1,510

State Farm

$1,375

Geico proved to be the more affordable choice for our driver profiles with a clean driving record across most demographic groups, but we found the company to be less forgiving than State Farm for drivers with a less than stellar history. We found an average representative rate with Geico for driver profiles with a speeding violation was $1,510, adding almost $350 to the rate for good driver profiles. State Farm’s average rate in our analysis for this group was $1,375. That’s about $135 less than Geico, and less than half as big an increase compared to driver profiles with a clean record. 

To analyze these rates, we particularly looked at driver profiles with one speeding violation. These driving record representative profiles included 25-, 35-, and 60-year-old males and females with 12,000 miles of driving per year, a medium level of insurance coverage, and a good credit score. Vehicles used in the analysis are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

With 1 accident

Geico

$1,802

State Farm

$1,487

For driver profiles with one accident on their record, Geico was substantially more expensive than State Farm. We saw an average study rate of $1,802 for this group with Geico, or about $635 more than its average representative rate for those with a clean record. At $1,487, State Farm’s study rate for this group was about $315 less, and only about $250 more than its average car insurance study rate for driver profiles with a clean record.

We analyzed driver profiles with one accident to find these average rates. These driving record representative profiles included 25-, 35-, and 60-year-old males and females with 12,000 miles of driving per year, a medium level of insurance coverage, and a good credit score. Vehicles used in the analysis are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

 

With 1 DUI

Geico

$2,958

State Farm

$1,681

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Our study found that Geico saves its heaviest car insurance rate penalties for driver profiles with a DUI conviction. Its average study rate jumped to $2,958 for driver profiles with a DUI – a whopping $1,790 more than its average representative rate for our profiles with a clean record. State Farm’s average rate in our analysis for this group also went up, to $1,681. That’s about $445 more than the average for our driver profiles with a clean record. It’s also about $1,277 less than Geico.

We compared driver profiles with one instance of driving under the influence (DUI) to arrive at these average rates in our study. These driving record representative profiles included 25-, 35-, and 60-year-old males and females with 12,000 miles of mileage per year, a medium level of insurance coverage, and a good credit score. Vehicles used in the analysis are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

  1.     USAA
  2.     Geico
  3.     Allstate
  4.     State Farm
  5.     Farmers
  6.     Progressive
  7.     American Family
  8.     Nationwide
  9.     Travelers

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