Compare GEICO vs. State Farm Car Insurance

What’s the difference between GEICO Car Insurance and State Farm Auto Insurance? See how our editors compare the two companies below.
Last Updated: January 09, 2018
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GEICO Car Insurance
9.3 / 10 - Excellent
no_rank
State Farm Auto Insurance
9.3 / 10 - Excellent
#2 in Car Insurance
vs

Key Facts

  • See How Much You Could Save with GEICO
  • Save up to $500 or more on car insurance
  • Discounts are available for over 850+ organizations & alumni associations
  • Obtain your quote online today - It's fast, easy & free!
  • Strong financial ratings
  • Good variety of discount options
  • Large number of local agents
  • Classic cars, motorcycle, and recreation vehicle insurance
  • Great coverage options
  • 24/7 claims reporting
  • Roadside assistance

OVERALL RATINGS

 GEICOState Farm
Coverage & Benefits10/1010/10
Pricing and Discounts9/109/10
Financial Strength10/109/10
Customer Experience9/109/10

Coverage Compared

Basic Coverage

GEICO
vs
State Farm
  • Bodily Injury Liability
  • Property Damage Liability
  • Collision
  • Comprehensive
  • Personal Injury
  • Medical Payments
  • Uninsured/Underinsured Motorist
  • Bodily Injury Liability
  • Property Damage Liability
  • Collision
  • Comprehensive
  • Medical Payments
  • Uninsured/Underinsured Motorist

Additional Coverage

GEICO
vs
State Farm
  • Rental Reimbursement
  • Towing & Labor Cost
  • Rental Reimbursement
  • Towing & Labor Cost

What do their customers think?

National Association of Insurance Commissioners

 GEICOState Farm
NAICS Complaint Ratio 2016
0.56
2.58
NAICS Total Complaints 2016
297
9,444
*The NAICS Car Insurance complaint ratio (in this case 0.56) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all Car Insurance companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.
*The NAICS Car Insurance complaint ratio (in this case 2.58) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all Car Insurance companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Customer Ratings

 GEICOState Farm
Trust Pilot Rating
6.9 out of 10
7.5 out of 10
BBB Rating
B
Number of BBB Positive Reviews
3
Number of BBB Neutral Reviews
4
Number of BBB Negative Reviews
163
Date Collected
2017-10-12
2017-10-10

Comparing Financial Stregnth

Key Details

 GEICOState Farm
Underwriter
Berkshire Hathaway Group
State Farm Mutual Automobile Insurance Company
Premiums Written 2016
$25,531,762,332
$39,194,660,434
Marketshare 2016
11.92%
18.3%
AM Best Financial Rating
A++
A++
Moody's Financial Rating
Aa3
A2
Standard & Poor's Financial Rating
AA
AA
*The above information reflects the financial strength of the underwriter of the GEICO car insurance policies: Berkshire Hathaway Group.
*The above information reflects the financial strength of the underwriter of the State Farm car insurance policies: State Farm Mutual Automobile Insurance Company.

Pricing & Discounts

 GEICOState Farm
Per Mile Pricing Available?

Discounts

GEICO
vs
State Farm
  • Multiple Vehicle
  • Safe Driver
  • Anti-Theft
  • Vehicle Safety
  • Student
  • Bundled Policy
  • Multiple Vehicle
  • Safe Driver
  • Anti-Theft
  • Vehicle Safety
  • Homeowner
  • Student
  • Bundled Policy

Additional Discounts

GEICO
vs
State Farm
  • Group Savings (unions, etc)

Contact & Additional Information

 GEICOState Farm
Homepage URL
Company Phone
(800) 207-7847
(800) 782-8332
Headquarters Address
One GEICO Plaza, Bethesda, MD, 20810
One State Farm Plaza, Bloomington, IL, 61710
Year Founded
1936
1922

Final Verdict

State Farm Auto Insurance and GEICO Car Insurance are very close in quality and have the same overall rating. That said, State Farm scores better than GEICO across: Coverage & Benefits, and Pricing and Discounts. Whereas, GEICO scores better on Financial Strength, and Customer Experience.


Customer Comments & Reviews

T
tlvpav@gmai.com
Eugene, Oregon
12/22/2017
GEICO Car Insurance review
This has been a nightmare for me. A month has gone by, they just started a claim against the uninsured driver who hit MY parked car, and they say I don't have basic insurance coverage ? I'm making double car payments now, when this uninsured driver totalled my car !!


A
Allison
Cathedral City, California
1/6/2017
GEICO Car Insurance review
Excellent customer service and have always been a great help for us when things have gone wrong with vehicles