Compare State Farm vs. GEICO to Find Out Which Is Best for You

VS

Cheapest company - GEICO

Best customer service - GEICO

Best unique coverages - GEICO

Best for financial stability - GEICO

Best online tools - GEICO

Verdict

GEICO is cheaper for most drivers, has higher customer service ratings, and provides more unique coverages. It's also the less expensive insurance option in 35 out of 50 states. State Farm, however, is cheaper for students and drivers with tickets and driving under the influence (DUI) charges. State Farm also receives far fewer customer complaints.

GEICO auto insurance is good for drivers who value affordability and customer satisfaction.

State Farm auto insurance is good for young drivers and drivers with accidents or DUIs on their records.

Prices can be very different at a state level than a national level, which means your rates may be higher or lower than the national average depending on insurance rates in your state. On average, GEICO is cheaper than State Farm in most states.

According to MoneyGeek’s findings, GEICO is cheaper than State Farm in 35 states, while State Farm is less expensive in 15 states. Both companies offer car insurance in all 50 states and the District of Columbia.

In the following table, you'll see the phrase "Not Available" for GEICO's annual premium in Kansas. This doesn't mean that you can't access GEICO coverage in this state. Instead, it means that our study included insufficient information for this state. If you'd like to see which company may offer you a lower quote instantly, use our car insurance calculator to estimate or get a personalized quote.

Average Cost Per State

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State

State Farm Annual Premium

GEICO Annual Premium

Alabama

$1,235

$827

Alaska

$954

$882

Arizona

$1,253

$770

Arkansas

$1,012

$866

California

$1,526

$1,270

Colorado

$1,158

$872

Connecticut

$1,324

$925

District of Columbia

$1,161

$606

Delaware

$1,229

$1,331

Florida

$1,867

$1,337

Georgia

$1,414

$1,487

Hawaii

$835

$646

Idaho

$547

$572

Illinois

$948

$789

Indiana

$646

$572

Iowa

$616

$473

Kansas

$848

Not Available

Kentucky

$872

$874

Louisiana

$2,442

$2,437

Maine

$599

$460

Maryland

$2,024

$1,983

Massachusetts

$782

$800

Michigan

$5,871

$2,728

Minnesota

$962

$1,108

Mississippi

$1,043

$918

Missouri

$906

$1,541

Montana

$751

$1,058

Nebraska

$774

$700

Nevada

$1,652

$1,083

New Hampshire

$707

$654

New Jersey

$2,071

$1,035

New Mexico

$1,044

$1,224

New York

$2,481

$1,867

North Carolina

$650

$825

North Dakota

$579

$555

Ohio

$679

$572

Oklahoma

$1,069

$774

Oregon

$1,135

$979

Pennsylvania

$1,370

$1,344

Rhode Island

$790

$2,105

South Carolina

$1,055

$853

South Dakota

$675

$751

Tennessee

$826

$776

Texas

$924

$952

Utah

$1,299

$677

Vermont

$717

$701

Virginia

$744

$670

Washington

$956

$821

West Virginia

$805

$879

Wisconsin

$777

$631

Wyoming

$726

$822

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When choosing between GEICO or State Farm, remember that multiple factors determine insurance rates. Your age, gender, driving record and credit score can all potentially influence your insurance rates. While GEICO offers lower rates for the average driver, State Farm offers more affordable premiums for some specific drivers:

• An 18-year-old student driver would find cheaper coverage with State Farm at $3,083 annually, compared to $3,164 at GEICO.
• A driver with a ticket would find more affordable coverage with GEICO at $1,265 annually, compared to $1,360 at State Farm.
• A driver with an accident would find cheaper coverage with State Farm at $1,434 annually, compared to $1,494 at GEICO.
• A driver with a DUI would find lower rates with State Farm at $2,222 annually, compared to $2,680 at GEICO.
• A driver with poor credit would have less expensive premiums with GEICO at $1,681 annually, compared to $2,531 at State Farm.

Average Car Insurance Rates by Driver Profile

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Driver Profile

State Farm Annual Premium

GEICO Annual Premium

18-Year-Old Student

$3,083

$3,164

Driver With a Ticket

$1,360

$1,265

Driver With an Accident

$1,434

$1,494

Driver With a DUI

$2,222

$2,680

Driver With Poor Credit

$2,531

$1,681

The number of discounts a company offers can lower your overall premium, but what matters most is your final quote. Most insurance companies' two most significant discounts are the home and auto bundle and usage-based program discounts. Based on our analysis of home and bundle discounts, State Farm offers some of the best discounts for bundling.

Unfortunately, GEICO doesn’t provide any concrete information about how much customers can save by purchasing their home and auto insurance through the same company. MoneyGeek found that consumers can save up to 25% by bundling, which is well above the 17% average savings across all insurance companies. This high discount makes State Farm the clear winner in this category.

State Farm and GEICO offer discounts for safe driving behavior as measured through their respective apps: Drive Safe and Save and DriveEasy. Again, GEICO doesn’t specify the amount drivers could save by using DriveEasy, but they warn that drivers may be charged higher rates for risky driving behavior. MoneyGeek found that drivers can save up to 50% on their premiums with State Farm’s Drive Safe and Save program, making it the clear winner for this discount, too.

Available Discount by Company

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Discount

Available With State Farm?

Available With GEICO?

Safe driving

✔

✔

Defensive driving

✔

✔

Good student

✔

✔

Driver's education

✔

✔

Distant student

✔

New vehicle

✔

✔

Air bag

✔

✔

Anti-theft system

✔

✔

Multiple Car

✔

✔

Bundling

✔

✔

Air bag

✔

✔

Anti-lock brakes

✔

Anti-theft system

✔

✔

Daytime running lights

✔

New vehicle

✔

✔

Safe driving

✔

✔

Seat belt use

✔

Defensive driving

✔

✔

Driver's education

✔

✔

Good student

✔

✔

Emergency deployment

✔

Federal employee discount

✔

Affinity organization

✔

Military discount

✔

Multiple Car

✔

✔

Bundling

✔

✔

Show more

MoneyGeek assesses the best car insurance providers for customer experience based on how satisfied customers are, according to J.D. Power and how often they lodge complaints tracked by the National Association of Insurance Commissioners (NAIC). According to these metrics, GEICO comes out on top for customer satisfaction rating, while State Farm wins for fewer customer complaints.

GEICO comes out ahead on J.D. Power rankings, scoring 843 out of 1,000. State Farm isn’t Farm behind with 837, though.

First Notice of Loss:

4/5

Estimation of Process:

4/5

Repair Process:

4/5

Claims Servicing:

4/5

Rental Experience:

3/5

Settlement:

4/5

First Notice of Loss:

4/5

Estimation of Process:

4/5

Repair Process:

4/5

Claims Servicing:

4/5

Rental Experience:

5/5

Settlement:

4/5

The NAIC customer complaint ratio is based on a median score of 1, with companies aiming for the lowest possible number. State Farm’s complaint ratio of 1.28 indicates that they receive only slightly more than the average volume of complaints. GEICO scored 2.04, meaning the company gets over double the average number of complaints.

All auto insurance companies offer standard coverages such as liability insurance, comprehensive and collision insurance, uninsured motorist insurance and personal injury protection. However, some companies offer more unique coverages in addition to the standards listed above.

When it comes to extra coverage, GEICO beats out State Farm. Both companies offer rental car and travel reimbursement and roadside assistance. The only other coverage State Farm has is rideshare insurance, which ensures that aspects of your policy remain in effect when you’re working for a rideshare company like Uber or Lyft. GEICO provides two additional coverages: accident forgiveness and mechanical breakdown insurance.

Coverage Options by Company

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Coverage

Available With State Farm?

Available With GEICO?

Rental Car and/or Travel Reimbursement

✔

✔

Roadside Assistance

✔

✔

Rideshare Insurance

✔

Rental Car and/or Travel Reimbursement

✔

✔

Roadside Assistance

✔

✔

Mechanical Breakdown Insurance

✔

Accident Forgiveness

✔

Financial stability ratings indicate the likelihood that an insurance company can pay out claims in the future. Most large insurance companies have excellent financial stability ratings, and GEICO and State Farm are no exception. Both companies received A++ ratings from A.M Best, the highest possible rating the organization awards.

In a world where online access becomes increasingly important, insurance companies are working hard to create online tools to help their customers. GEICO wins in this category, as its business model is based primarily on online service, with useful tools like their coverage calculator. The company also allows you to pay your bill, review your policy and file claims online.

State Farm doesn’t have much available to their customers online. The company aims to provide a more personalized, human-centered approach by delivering customer service through their State Farm agents. However, this may be frustrating for consumers who want to manage their auto insurance policy primarily online.

About Rachael Brennan

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Rachael Brennan is a licensed insurance agent with over a decade of experience in the industry. She holds a property and casualty (P&C) license across all 50 states and a life, health, and accidental death and dismemberment (AD&D) license in New York and surrounding states. She writes personal finance and insurance content for MoneyGeek, specializing in property, casualty, health, life, and accidental death and disability insurance.

Brennan earned her Bachelor of Science in Communications from Texas A&M University-Commerce. As a writer, she uses her insurance and personal finance experience to share practical knowledge and help people make informed financial decisions.

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