Geico vs Farmers: Which one is the cheapest?

If price is what’s most important, Geico is likely going to be the better choice. Geico usually offers lower rates than Farmers. Geico offers full coverage insurance for an average of $1,763 per year and Farmers provides full coverage for $2,387 annually.

The cost of state minimum coverage from Geico is $405 per year and Farmers offers state minimum coverage for $701 annually. However, it’s still a good idea to get quotes from both companies though to see what’s better for your specific situation.

CompanyAverage annual rate for full coverageAverage annual rate for state minimum coverage
Geico$1,763$405
Farmers$2,387$701

Geico vs Farmers: Rates by age group

Geico has the cheapest insurance rates for most age groups. Insurance companies have different rates depending on your age. They use it as an indicator to determine how much risk a drive poses and then price policies accordingly.

Car insurance rates are higher for teenagers as they are considered high risk by insurers. Teens should consider buying insurance from Geico, as its rates are lower than Farmers. Geico offers insurance for teenagers at an average of $5,049 per year, whereas Farmers provides insurance to teen drivers for $8,348 annually.

Age (group)GeicoFarmers
Teens$5,049$8,348
Young adults$2,647$3,602
Adults$1,776$2,336
Seniors$1,787$2,290

Geico vs Farmers: Rates for high-risk drivers

In our study we found that Geico is an affordable insurer for most drivers than Farmers. Geico is the cheapest for drivers with a DUI/DWI first offense. Its average annual rate is $3,598 and Farmers's rates after a DUI/DWI offense is $3,806 per year.

When it comes to finding affordable rates for high-risk drivers, Geico and Farmers are two of the best options out there. Although both companies are viable options for high-risk drivers, one may be a better fit for your specific needs. By examining the rates mentioned in the table below, you can make an informed decision about which insurer offers the best rates for your specific situation.

Profile Value (group)GeicoFarmers
1 At-fault property damage accident over $2K$2,444$4,206
1 At-fault property damage accident under $2K$2,426$4,206
At-fault bodily injury accident$2,617$4,317
Careless driving$1,887$3,978
DUI/DWI first offense$3,598$3,806
Reckless driving$2,804$4,361
Speeding$2,170$3,688

Geico vs Farmers: Customer service and tech friendly

For customer service, Geico earned 4 stars out of 5, while Farmers earned 3.5 stars.

Which insurance company provides a better online experience? Both Geico and Farmers offer online quotes comparison. Apart from that, they have easy to use mobile apps that allow you to pay bills, view your profile and file insurance claims.

Geico vs Farmers: Which has better coverage options?

Every state has different requirements for car insurance, this is because the laws surrounding driving vary from place to place. However, each insurer offers standard coverage such as liability, comprehensive and collision coverage to make sure you're protected if anything goes wrong.

Both Geico and Farmers have a wide range of coverage options. Below table shows the different coverages offered by Geico and Farmers:

Geico vs Farmers: Which offers better discounts?

Insurance companies offer a variety of discounts to help you save money on your car insurance. While they may not seem like much, these dollar amounts add up to trim your insurance costs. Check out what discount options Geico and Farmers offer to policyholders, and which carrier fits your needs.