Geico and State Farm are both leading insurance providers, but they differ in terms of coverage, service, and pricing.
State Farm and Geico are two of the biggest names in the car insurance space. State Farm® is the largest property and casualty insurance company in the U.S., issuing auto policies since 1922. It’s praised for its customer service and easy-to-navigate online application and claims process. In business since 1936, Geico draws praise for its low rates and nationwide availability.
While both companies offer many of the same benefits, there are some key differences you should keep in mind when shopping for car insurance.
State Farm vs. Geico: Pros and Cons
State Farm Pros and Cons
Pros:
- Can buy policy and file claims online
- Lots of discounts available
- Safe driving discount worth up to 30% off
Cons:
- Higher-than-average rates
- Low score from the Better Business Bureau
- Accident forgiveness requires nine years of being a customer
For more details, read the State Farm Auto Insurance Review 2024.
Geico Pros and Cons
Pros:
- Low average rates
- Available nationwide
- Affordable rates for high-risk drivers
- Offers non-owner policies and SR-22 insurance
Cons:
- Limited number of agents
- No gap insurance or rideshare insurance
- Below-average customer service scores
For more details, read the Geico Auto Insurance Review 2024.
State Farm vs. Geico: Coverage
State Farm and Geico both offer liability, collision, and comprehensive insurance, which are typically required if you’re financing or leasing your car.
Here’s a rundown of other coverage options from State Farm and Geico:
- State Farm: Offers a wide range of coverage options including uninsured/underinsured motorist coverage, medical payments, emergency road service, rental car reimbursement, and rideshare driver coverage.
- Geico: Provides uninsured/underinsured motorist coverage, medical payments, personal injury protection (PIP), emergency road service, and rental car reimbursement, but does not offer gap insurance or rideshare insurance.
When comparing State Farm and Geico, consider what coverage options are most important for your needs, as well as their rates, discounts, and customer service scores.
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