Choosing an auto insurance company is sometimes difficult: companies' rates vary based on your driving history, age, and location, and insurers offer a variety of perks. Farm Bureau Mutual and GEICO are two of the nation's most popular car insurance companies, providing high-quality policies across many states.
In an effort to make insurance shopping seamless, we have gathered average policy rates from GEICO and Farm Bureau Mutual. These take into consideration a variety of rating factors, including credit quality, driving history, and age. Examine these figures and find the perfect policy for you.
If you have extremely bad credit, Farm Bureau Mutual could be a better option for you. On average, Farm Bureau Mutual offers cheaper premiums than GEICO for drivers with credit scores of 579 or less. Drivers with outstanding credit — a score of 800 or better — should favor Farm Bureau Mutual, which typically beats GEICO by $201 per year. Check out common insurance rates by credit score for GEICO and Farm Bureau Mutual:
| Credit level | Farm Bureau Mutual avg. annual premium | GEICO avg. annual premium |
| Very Poor (300-579) | $1,780 | $2,051 |
| Fair (580-669) | $1,126 | $1,358 |
| Good (670-739) | $1,193 | $1,485 |
| Very Good (740-799) | $932 | $1,120 |
| Exceptional (800-850) | $863 | $1,064 |
If you have an at-fault collision, speeding ticket, reckless driving citation, or DWI in your recent history, Farm Bureau Mutual could be a better choice than GEICO. Every insurer prices its policies differently, so it's worth comparing quotes to understand which insurer is best for you.
| Violation | Farm Bureau Mutual avg. annual premium | GEICO avg. annual premium |
| At-fault accident (damage < $1,000) | $1,224 | $1,857 |
| At-fault accident (damage > $1,000) | $1,294 | $1,580 |
| DUI/DWI | $1,850 | $2,550 |
| Reckless driving | $1,546 | $2,238 |
| Speeding ticket | $1,025 | $1,395 |
Car insurance companies use age to outline potential risk, assigning rates on a sliding scale. Car insurance is often expensive for young drivers — because of their inexperience — and more affordable for older drivers. Because each insurance company prices ages differently, it's a smart move to shop around.
As a general rule, teen drivers should choose Farm Bureau Mutual over GEICO: Farm Bureau Mutual offers average yearly savings of $741 versusGEICO.
| Age bracket | Farm Bureau Mutual avg. annual premium | GEICO avg. annual premium |
| Teens | $2,767 | $3,508 |
| 20s | $1,545 | $1,438 |
| 30s | $984 | $1,438 |
| 40s | $961 | $1,189 |
| 50s | $866 | $1,160 |
| 60s | $870 | $1,065 |
Aside from finances, Farm Bureau Mutual and GEICO each have pros and cons, including the insurers' discount programs, add-ons, customer satisfaction ratings, and financial stability. Be sure to weigh these elements before deciding.
| Discount Comparison | Farm Bureau Mutual | GEICO |
|---|---|---|
| Good Student | ||
| Multiple Policies | ||
| Multiple Vehicles | ||
| Anti-Theft Device(s) | ||
| Anti-Lock Brake System | ||
| Air Bags | ||
| Good Driver | ||
| Defensive Driver | ||
| Student Away at School | ||
| Driver Training | ||
| Green Vehicles | ||
| Affinity Membership Alum | ||
| Advanced Purchase | ||
| Pay in Full | ||
| Home Owner | ||
| eSign or ePay | ||
| Telematics | ||
| New Vehicle | ||
| Annual Mileage | ||
| Military |
| Ratings Comparison | Farm Bureau Mutual | GEICO |
|---|---|---|
| Financial Strength | Excellent | Superior |
| JD Power Rankings | Not Rated out of 5 | 3 out of 5 |
| User Satisfaction | A | N/A |
| Other Products | Farm Bureau Mutual | GEICO |
|---|---|---|
| Boat Insurance | ||
| Condo Insurance | ||
| Life Insurance | ||
| Homeowners Insurance | ||
| Travel Trailer Insurance | ||
| Renters Insurance | ||
| RV Insurance | ||
| Motorcycle Insurance | ||
| Mobile Home Insurance |
