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At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Our recommendation: Farmers vs. Geico: Which is better?

Geico advertises as the place to save on car insurance, and it does offer lower rates to drivers than Farmers. In addition to cheap rates, Geico offers a streamlined digital experience. If you want to handle your auto insurance policy entirely online, Geico is a good choice.

In contrast, Farmers is known for the personalized touch of an agent. Although Farmers offers many online services, you’ll have to connect with an agent to finalize the purchase of your insurance policy. If you are seeking the extra level of support offered by an agent, you’ll find it with Farmers. 

Rating comparison for Farmers vs. Geico car insurance

Drivers looking for a smooth digital experience and cheaper rates might find what they are looking for with Geico. Geico also has the top available financial strength score from AM Best. But if you want a personalized touch, Farmers could be the right route. 

The table below offers more insight into how these two insurance companies stack up against each other. Please note that numerical ratings are on a scale of 0-5 with 5 being the highest possible score.

Insure.com overall ratingFarmersGeico
Best for:Customer RecommendationsDigital Experience
Average premium rating1.763.99
Customer satisfaction rating4.124.07
NAIC rating3.502.95
AM Best rating4.335.00
State availabilityAL, AR, AZ, CA, CO, CT, FL, HI, ID, IN, KS, KY, LA, MA, ME, MT, NC, ND, NH, NJ, NM, NV, OH, OK, OR, RI, SD, TN, TX, UT, VA, VT, WA, WI, WV and WYAll 50 states and D.C.

Farmers vs. Geico: Pros and cons

Every insurance company has advantages and disadvantages. Below is a closer look at the pros and cons to consider with Farmers and Geico. 

FarmersGeico
ProsPros
Most customers recommendLower rates for most drivers
Streamlined digital experience 
ConsCons
More expensiveNot always the cheapest option

Farmers vs. Geico: Which provides the cheapest car insurance rates?

Geico generally has cheaper rates than Farmers. For example, the average annual cost of a liability-only policy with limits of 50/100/50 with Geico is $560. But with Farmers, the average cost is $991 for the same policy – quite a bit more expensive. 

The table below highlights the average costs of different policy levels for each company. Liability only indicates higher than state minimum coverage limits of 50/100/50.

CoverageFarmers annual rateGeico annual rate
Average full coverage cost$2,387$1,763
Average state minimum cost$701$405
Average liability only (50/100/50) cost$991$560

Farmers vs. Geico: Car insurance rates by age and gender

Geico offers much cheaper rates for drivers of all ages. But the difference between the two companies is most stark for teen drivers. On average, teen male drivers pay an average annual rate of $5,315 with Geico. But with Farmers, teen males pay a significantly higher average rate of $8,668. 

In general, women have lower car insurance rates than men across all age groups. But the gap shrinks as you age. The table below illustrates how different age groups can expect different rates across both companies. 

Age groupFarmers annual rateGeico annual rate
Teens 16-19 (females)$8,024$4,783
Teens 16-19 (males)$8,668$5,315
Young adults 20-24 (females)$3,481$2,595
Young adults 20-24 (males)$3,725$2,700
Adults 25-60 (females)$2,320$1,778
Adults 25-60 (males)$2,351$1,775
Seniors 65-75 (females)$2,228$1,779
Seniors 65-75 (males)$2,351$1,796

Farmers vs. Geico: Rates by credit score

Drivers with good credit scores often pay less for insurance than drivers with poor credit scores. That trend holds true with both Farmers and Geico. 

The difference is most noticeable for drivers with poor credit. For example, drivers with Geico who have poor credit pay an average annual rate of $3,039. In contrast, those same drivers with Farmers pay an annual average of $4,790 – more than twice the rate for drivers with good credit. 

The table below highlights how average rates vary by credit score at Farmers and Geico. 

Credit typeFarmers annual rateGeico annual rate
Good credit$2,387 $1,763
Fair credit$2,914 $2,157
Poor credit$4,790 $3,039

Farmers vs. Geico: Rates for different violations

When it comes to getting a good car insurance rate, maintaining a clean driving record is critical. If you receive a moving violation, it will drive your car insurance costs higher. 

“High-risk behaviors such as speeding, driving under the influence (DUI/DWI) and at-fault accidents typically lead to higher premiums,” says John Crist, founder of Prestizia Insurance. 

The table below shows how a violation can raise average rates at each insurer. However, the impact of a violation varies by insurer. 

ViolationFarmers annual rateGeico annual rate
1 at-fault accident$3,992 $3,207 
2 at-fault accidents$5,932 $4,728 
2 speeding tickets 11 mph or over$3,740 $3,165 
Careless driving$4,506 $2,447 
Distracted driving ticket$3,270 $2,297 
Driving without a license or permit$3,186 $2,201 
Driving without insurance$2,917 $2,156 
DUI/DWI first offense$5,059 $4,504 
DUI/DWI second offense$7,741 $7,203 
Failure to stop$3,184 $2,262 
Failure to yield$3,184 $2,262 
Following too closely$3,201 $2,266 
Hit and run$5,066 $4,074 
Improper turn$3,194 $2,262 
Improper/illegal pass$3,161 $2,266 
Operating a vehicle in a race (highway racing)$5,100 $3,956 
Passing stopped school bus$3,216 $2,340 
Reckless driving$5,016 $3,628 
Seatbelt infraction$3,070 $2,192 
Single-vehicle accident (one car)$3,914 $3,275 
Speeding ticket$3,338 $2,831 
Talking on cellphone ticket$3,178 $2,266 
Texting ticket$3,178 $2,266 
1 comprehensive claim$2,630 $1,791 
2 comprehensive claims$2,990 $1,865 
SR-22 filing only$2,944 $1,793 
SR-22 with 1 DUI$6,104 $4,496 

Farmers vs. Geico: Customer satisfaction comparison

Although you’ll find different rates and experiences with these two companies, customers seem to enjoy working with either option. Farmers scored nine points higher on the customer satisfaction metric than Geico, according to the 1,750 insurance consumers surveyed in the fall of 2023. 

CompanyPercentage of satisfied customers
Farmers84%
Geico75%

Farmers vs. Geico: Car insurance discount availability comparison

Drivers looking to save more can find a range of discounts available through both Geico and Farmers. As you shop around, don’t forget to see if you qualify for a discount. 

The table below highlights the different discounts you can expect to find with each company. 

Discount typeFarmersGeico
Safe driver/good driverYY
Safety featuresYY
Multi-policy/bundlingYY
Low mileageNN
Young driver/teen driverYY
Paid-in-full discountYN
Advance quote/advance purchaseNN
New car discountNY
StudentYY
Driver courseYY
Anti-theft deviceYY
Electronic payments/automatic paymentsYN
MilitaryYY
Electric carYN

Farmers vs. Geico: Additional insurance availability comparison

As major insurance companies, Geico and Farmers each offer additional insurance policies. Some insurance products offered by both companies include homeowners insurance and boat insurance. If you buy multiple policies through the same company, you might qualify for a bundling discount. 

You can find a breakdown of which other policy types this company offers in the table below. 

Additional insurance typeFarmersGeico
Motorcycle insuranceYY
ATV and off-road vehicleYY
RV insuranceYY
Boat/watercraftYY
UmbrellaYY
LifeYY
HomeownersYN
CondoYN
RentersYN
Mobile/manufactured homeYN
High-value homeYN
FloodYN
Rental dwelling/landlord coverageYN
LifeYN
Vacation homesYN
Vacant homesYN

Resources & Methodology

Sources:

Insurance Information Institute. “What determines the price of an auto insurance policy?” Accessed April 2024. 

Methodology

Insure.com in the fall of 2023 surveyed more than 1,750 insurance consumers (1,459 people with auto insurance). Online market research company Slice MR conducted the survey. Respondents were asked to name their auto insurer and then grade it in the following categories – customer satisfaction, ease of service and policy offerings. The percentage of respondents who said they were satisfied or very satisfied with their insurer is presented in the results.

Respondents were then asked to pick their insurer’s top three attributes out of more than a dozen presented – trustworthiness, claims satisfaction, digital experience, discounts and best for auto/home bundling. The responses for each attribute were totaled and then divided by the number of each company’s customers who responded to that survey question to create a percentage. 

Respondents were then asked if they would recommend their auto insurer to someone else and whether they would renew with their company. The percentage who said yes is presented in the results.

Finally, respondents were given the statement “I trust my insurance company” and asked if they strongly agreed, agreed, disagreed or strongly disagreed with the statement. The percentage of those who said they agreed or strongly agreed is presented in the results.

The editors compiled the survey results and then selected – based on the number of survey responses – the top companies for further evaluation. 

They then collected AM Best data, which measures financial strength, and National Association of Insurance Commissioners’ complaint data, which ranks a company by the number of customer complaints it receives. The Insure.com team identified the NAIC company code or codes that were the primary underwriting companies for each carrier and line of business using total annual premiums. The associated NAIC complaint index score was used in the calculations. If more than one underwriting company was identified for a line, the editors used a weighted average of the NAIC complaint index scores.

In addition, we also created star rankings for each company. Respondents were asked to pick their insurer’s top three attributes out of the more than the dozen presented, again including customer satisfaction and policy offerings. The number of responses for each attribute was totaled and then divided by the number of each company’s customers who responded to that survey question to create the star ranking. 

The editors also collected insurance rate data from Quadrant Information Services.

With the help of Prof. David Marlett, Ph.D., Managing Director of the Brantley Risk and Insurance Center at Appalachian State University, the editors created a rating system to determine which insurance companies were best in each sector. For auto insurers, we took the following and gave each a weight.

  • Survey: 40% of the total score (10% customer satisfaction, 10% recommended, 10% renewal rate and 10% claims handling)
  • Annual premium: 20% of the total score
  • AM Best: 25% of the total score
  • NAIC: 15% of the total score

Each insurer was awarded from half a star to 5 stars. No insurer in our star ranking received less than half a star and 5 stars was the most any insurer could receive.

author image
Sarah Sharkey
Contributing Researcher

 
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Sarah Sharkey is a personal finance writer with a master’s degree in management from the Hough School of Business at the University of Florida. She enjoys helping readers find money solutions that work. She has written for numerous personal-finance publications including Money Under 30 and The College Investor.