Geico vs. State Farm: Which provider is better?

Geico vs. State Farm: Which provider is better?

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Geico vs. State Farm

Geico, the second-largest insurance company in the US, offers a streamlined process for purchasing insurance, making it easy, quick and affordable. And its award-winning app puts help at your fingertips. Geico also offers opportunities to bring down the cost of your premium with a military discount for servicemembers and a multi-car discount for those who need to insure more than one car.

Like Geico, State Farm also provides discounts for its customers, including its Drive Safe & Save program and a vehicle safety discount, among others. J.D. Power gives both insurance providers a 3 out of 5 rating in overall satisfaction with the claims process. But with so many similarities, how do you choose? We put Geico and State Farm side by side to make comparing the two easier, allowing you to make a decision that best suits your personal situation.

Geico

Geico

StateFarm

StateFarm

About the provider Geico’s been around since 1936 is the nation’s second-largest auto insurance company. It streamlines the process of purchasing comprehensive car insurance for your peace of mind. Founded in 1922, State Farm ranks as one of the top companies where cars and homes are insured. State Farm stands by its customers by striving to offer the best products and prices. The company is no stranger to the Fortune 500 list.
Price Policy costs depend your personal situation. Visit Geico for a quote based on your specific needs. Policy costs depend your personal situation. Visit StateFarm for a quote based on your specific needs.
States served All 50 states All 50 states
User satisfaction* N/A B+
J.D. Power ratings** 3/5 on overall claims satisfaction 3/5 on overall claims satisfaction
Driver discounts View driver discounts View driver discounts
Vehicle discounts View vehicle discounts View vehicle discounts

* Based on Better Business Bureau’s company rating
** Based on the 2016 U.S Auto Claims Satisfaction Study


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Driver discounts

Geico

Geico

StateFarm

StateFarm

Good student 15% (full-time student, between 16-24 and B average or better) Up to 25% (under 25). Additional discount if student is away from home and only using the car when back home.
Defensive driver
Good driver Up to 26% (5 years accident-free) Yes (3 years no moving violations or at-fault accidents)
Pay in full discount
Multicar Up to 25% Up to 20% (two or more vehicles in household)
Military Up to 15% (active duty, retired or member of the National guard or Reserves)
Homeowner
Other discounts

Federal employee – Up to 8%

Emergency deployment – Up to 25% (member of the Enduring Freedom or Iraqi Freedom operational forces)

Multi-policy / Multi-line discount – Varies

Membership and employee discount – Varies

Seat belt use – 15% (medical payments or personal injury portion of premium)

Driving training – Varies (all operators under 21 complete approved drivers education)

Drive Safe & Safe – Enroll in the State Farm app


Vehicle discounts

Geico

Geico

StateFarm

StateFarm

Anti-theft device Up to 25% (comprehensive portion of premium)
Anti-lock brake 5% (collision portion of premium)
Passive restraints N/A Up to 40% (medical-related coverage, vehicle made in 1994 or later)
Air bag Up to 25% for driver-side airbags, or 40% for full-front seat airbag (applies to medical payments or personal injury)
Other discounts

Vehicle safety discount – Up to 40% (medical-related coverage, vehicle made in 1994 or later)

Bottom line

You might choose Sate Farm if you’re a student looking for a way to bring the cost of your insurance down. Its 25% good student discount offers more savings than Geico’s 15% good student discount. But if you’ve served our country, Geico rewards veterans and active-duty military with up to a 15% discount. Military policyholders may also qualify for a discount if they’re part of an emergency deployment to an imminent-danger zone.

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