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 | N/A | Superior |
JD Power Rankings | N/A | Average |
User Satisfaction | N/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 |
|
|
Other Features | Farm Bureau Mutual | GEICO |
---|---|---|
About | Farm Bureau Mutual of Iowa focuses on building trusted relationships and helping you protect what matters most, so they can help you find the right products at the right time as you work to achieve your goals. | GEICO uses a direct-to-consumer sales model rather than relying on independent agents to provide exceptional service and superior coverage to their valued customers. |
Roadside Assistance | Farm Bureau Mutual offers 24/7 roadside assistance to members at no added expense. The company's Emergency Roadside Assistance coverage includes up to $100 for emergency service nationwide. | You can use a mobile app to request service from GEICO's Emergency Roadside Service, which will assist you if you need a tow, are locked out of your car, run out of gas, have a dead battery or flat tire. |
Additional Discounts | None Available | GEICO offers an additional discount for vehicles with daytime running lights as well as discounts for federal employees. Moreover, the company offers the policy feature of accident forgiveness. |
Recent Questions |
Will comprehensive insurance cover damages caused by road debris?
Sorry to hear about your accident. If you have comprehensive coverage, it should cover any damages caused by debris.
Does State Farm match auto insurance quotes with other companies?
In truth, no. Car insurance companies determine their rates based on their previous years' filings (loss to revenue ratio) in addition to other factors.
Do I claim my stolen vehicle with Lyft or GEICO?
One of the companies should be covering you via your comprehensive coverage. Check out our page on Lyft's insurance requirements for more information.
Will a hit and run impact my car insurance premium in CA?
Yes, when your company has to pay out on a claim, it will impact your rates. If you filed a police report and have uninsured motorist property damage coverage, this coverage will pay for the damages and will be considered a not-at-fault accident.
See More Questions
|
|
Compare More | Farm Bureau Mutual vs. 21st Century Farm Bureau Mutual vs. Allied Farm Bureau Mutual vs. Allstate Farm Bureau Mutual vs. American Family Farm Bureau Mutual vs. Amica Mutual Insurance Farm Bureau Mutual vs. Auto Club (AAA) Farm Bureau Mutual vs. Erie Farm Bureau Mutual vs. Farmers Farm Bureau Mutual vs. Infinity Farm Bureau Mutual vs. Liberty Mutual Farm Bureau Mutual vs. Mercury Farm Bureau Mutual vs. MetLife Farm Bureau Mutual vs. Nationwide Farm Bureau Mutual vs. North Star Mutual Farm Bureau Mutual vs. Progressive Farm Bureau Mutual vs. Safe Auto Farm Bureau Mutual vs. Safeco Farm Bureau Mutual vs. State Farm | GEICO vs. 21st Century GEICO vs. Allied GEICO vs. American Family GEICO vs. Amica Mutual Insurance GEICO vs. Elephant GEICO vs. Erie GEICO vs. Esurance GEICO vs. Foremost GEICO vs. Infinity GEICO vs. Mercury GEICO vs. MetLife GEICO vs. Metromile GEICO vs. North Star Mutual GEICO vs. Root Insurance GEICO vs. Safe Auto GEICO vs. The General GEICO vs. The Hartford GEICO vs. Titan GEICO vs. Travelers |
Top States | Arizona Iowa Kansas Minnesota Nebraska New Mexico South Dakota Utah | Arizona California Florida Illinois Michigan New Jersey New York Ohio Pennsylvania Texas |