GEICO vs. State Farm Auto Insurance (2021)
GEICO vs. State Farm auto insurance rates will vary by age, driving record, and credit score. Overall, State Farm is generally cheaper. However, GEICO quotes are less expensive if you have bad credit, an accident, or a speeding ticket. Both GEICO and State Farm financial ratings with A.M. Best are strong.
- State Farm auto insurance rates are cheaper than GEICO rates on average
- GEICO is cheaper if you have poor credit, an accident, or a speeding ticket
- GEICO and State Farm have similar financial ratings, but State Farm isn’t rated by the Better Business Bureau
Both GEICO and State Farm are on the list of the top 10 best auto insurance companies, but which company is the best option based on your personal characteristics?
We’ll compare GEICO vs. State Farm auto insurance rates based on age, driving record, and credit history to see which one can give you a better deal.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of GEICO vs. State Farm auto insurance companies.
Keep reading to learn how to find affordable GEICO vs. State Farm auto insurance rates, or enter your ZIP code above to compare auto insurance quotes from multiple companies in your area.
Table of Contents
Is GEICO auto insurance or State Farm auto insurance cheaper?
It might surprise you to learn exactly what factors are used to determine your auto insurance rates. Your State Farm and GEICO insurance quotes will be determined by factors such as your age, gender, driving history, and credit score.
These are just a few of the factors that will determine how affordable GEICO vs. State Farm auto insurance is for you. Rates will vary by driver.
First, let’s look at how your age, gender, and marital status affect your GEICO vs. State Farm auto insurance rates.
| Age, Gender, and Marital Status | GEICO Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $5,405.23 | $4,875.91 |
| Single 17-year-old male | $5,955.63 | $6,130.77 |
| Single 25-year-old female | $2,312.93 | $1,979.45 |
| Single 25-year old male | $2,171.06 | $2,176.45 |
| Married 35-year-old female | $2,253.30 | $1,734.93 |
| Married 35-year-old male | $2,237.96 | $1,734.93 |
| Married 60-year-old female | $2,107.40 | $1,558.06 |
| Married 60-year-old male | $2,188.44 | $1,558.06 |
State Farm rates are cheaper for people of all ages, except for 17-year-old males.
Your driving record is a big factor when it comes to calculating your rates. Drivers with accidents, speeding tickets, and DUIs on their record will pay higher rates.
| Driving Record | GEICO Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Clean record | $2,145.96 | $2,821.18 |
| With 1 accident | $3,192.77 | $3,396.01 |
| With 1 DUI | $4,875.87 | $3,636.80 |
| With 1 speeding violation | $2,645.43 | $3,186.01 |
GEICO auto insurance rates are cheaper for all driving records, with the exception of those with DUIs. State Farm is cheaper if you have a DUI.
Your credit score also plays a part in your auto insurance rates in most states. If you have a higher credit score, auto insurance companies believe you will be more likely to pay for damages out of pocket rather than filing a claim.
| Credit History | GEICO Average Annual Rates | State Farm Average Annual Rates |
|---|---|---|
| Good | $2,434.82 | $2,174.26 |
| Fair | $2,986.79 | $2,853.00 |
| Poor | $4,259.50 | $4,951.20 |
If you have poor credit, GEICO auto insurance quotes are cheaper. Otherwise, State Farm is yet again the cheapest.
Does GEICO or State Farm have better auto insurance discounts?
Car insurance discounts can save you lots of money. Most auto insurance companies offer many different kinds of discounts so there’s something for everyone. Common discounts include multi-car, multi-policy, and occupation-based discounts.
Take a look at this table that shows you discounts you could expect to see on your State Farm or GEICO quotes. If the amount of the discount is known, it is included.
| Car Insurance Discounts | GEICO (%) | State Farm (%) |
|---|---|---|
| Anti-lock Brakes | 5 | 5 |
| Anti-Theft | 25 | 15 |
| Claim Free | 26 | 15 |
| Continuous Coverage | x | N/A |
| Daytime Running Lights | 1 | N/A |
| Defensive Driver | x | 5 |
| Distant Student | x | x |
| Driver's Ed | x | 15 |
| Driving Device/App | x | 50 |
| Early Signing | x | N/A |
| Emergency Deployment | 25 | N/A |
| Family Legacy | x | N/A |
| Farm Vehicle | x | N/A |
| Federal Employee | 8 | N/A |
| Full Payment | x | N/A |
| Further Education | x | N/A |
| Good Credit | N/A | x |
| Good Student | 15 | 25 |
| Homeowner | x | 3 |
| Low Mileage | x | 30 |
| Loyalty | x | N/A |
| Married | N/A | x |
| Membership/Group | x | N/A |
| Military | 15 | x |
| Multiple Policies | 10 | 17 |
| Multiple Vehicles | 25 | 20 |
| Newer Vehicle | x | 40 |
| Occupation | x | N/A |
| Paperless/Auto Billing | N/A | $2 |
| Passive Restraint | 40 | 40 |
| Safe Driver | 15 | 15 |
| Seat Belt Use | 15 | N/A |
| Students & Alumni | x | N/A |
| Utility Vehicle | x | N/A |
| Vehicle Recovery | 15 | 5 |
Both companies offer discounts, but there are some differences. For example, GEICO offers a continuous coverage discount and State Farm doesn’t. State Farm offers a married discount and GEICO doesn’t.
Make sure to ask about accident forgiveness before you file a claim with the GEICO or State Farm claims department to minimize your rate increase. If you’re a State Farm customer, use your State Farm login to get into your account and find out which discounts you may qualify for.
How do GEICO and State Farm compare in financial strength and customer satisfaction?
A.M. Best ranks insurance companies on their financial stability. GEICO received an A++ ranking and State Farm received an A+. Both companies have a superior ability to meet their financial obligations.
The Better Business Bureau gives GEICO an A+ rating. However, State Farm has not been rated.
J.D. Power ranked GEICO and State Farm on customer satisfaction, based on pricing, billing, and the State Farm and GEICO claims processes. Both companies scored above average for most regions in the U.S.
Before you choose to buy GEICO vs. State Farm auto insurance, enter your ZIP code to compare multiple car insurance companies in your area.