Compare Geico vs. State Farm Renters Insurance

What’s the difference between Geico Renters Insurance and State Farm Renters Insurance? See how our editors compare the two companies below.
Last Updated: January 17, 2018
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Geico Renters Insurance
8.1 / 10 - Excellent
#5 in Renters Insurance
State Farm
7.5 / 10 - Very good
#8 in Renters Insurance
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Key Facts

  • Quick and easy online quotes and claims
  • Multi-policy discounts for auto and renters
  • Liability coverage with medical payments
  • 24-hour support online or by phone
  • A convenient mobile app and virtual assistant
  • Rated Aa1 by Moody's and AA by Standard & Poor's
  • Instant online quote
  • Policies start at $150/year
  • Discount for renters and auto insurance bundles
  • Additional coverages available for waterbeds and identity restoration

OVERALL RATINGS

 GeicoState Farm
Financial Strength9/108/10
Coverage8/107/10
Pricing & Discounts8/108/10
Customer Experience7/107/10

Coverage Compared

 GeicoState Farm
Basic Coverage
Personal Property
Personal Liability
Personal Property
Personal Liability
Optional Coverage
Identity Theft Restoration
Scheduled Coverage
Identity Theft Restoration
Roommate / Additional Insured Individuals
Property Valuation Methods
Replacement Cost
Replacement Cost

Exclusions

State Farm Renters Insurance does not cover: damage caused by floods, earthquakes, or mudslides; bodily injury or property damage intentionally caused by the policyholder; business activities; aircraft, motor vehicles, and some watercraft.

Pricing & Discounts

 GeicoState Farm
Property-Level Discounts
Burglary Protected
Sprinkler System
Burglary Protected
Fire Protection
Sprinkler System
Policy Discounts
Multi-Policy
Multi-Policy

Customer Experience

Customer Ratings

 GeicoState Farm
TrustPilot Rating
6.1 out of 10
7.5 out of 10
BBB Rating
B
NR
Number of BBB Positive Reviews
4
4
Number of BBB Neutral Reviews
4
3
Number of BBB Negative Reviews
187
143

National Association of Insurance Commissioners

 GeicoState Farm
NAICS Complaint Ratio 2016
0.0
0.76
NAICS Total Complaints 2016
0
114
*The NAICS complaint ratio (in this case 0.0) 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 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 complaint ratio (in this case 0.76) 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 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.

Financial Strength Ratings

 GeicoState Farm
Underwriter
GEICO Corporation
State Farm
Standard & Poor's Financial Rating
AA
AA
Moody's Financial Rating
Aa3
Aa1
AM Best Financial Rating
A++
A++
Company Type
Underwriter
Underwriter
*The above information reflects the financial strength of the underwriter of the Geico renters insurance policies: GEICO Corporation.
*The above information reflects the financial strength of the underwriter of the State Farm renters insurance policies: State Farm.

Contact & Additional Information

 GeicoState Farm
Homepage URL
Company Phone
(800) 207-7847
(800) 782-8332
Headquarters Address
One GEICO Plaza, Washington, DC
One State Farm Plaza, Bloomington, IL, 61710
Year Founded
1936
1922

Final Verdict

Geico Renters Insurance has a higher overall rating than State Farm Renters Insurance. Geico scores better than State Farm across: Financial Strength, and Coverage. Both companies score similarly on Pricing & Discounts, and Customer Experience.