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|
|Very Good (740-799)||$932||$1,120|
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|
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|
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|
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|Ratings Comparison||Farm Bureau Mutual||GEICO|
|JD Power Rankings||N/A||Average|
|Other Products||Farm Bureau Mutual||GEICO|
|Travel Trailer 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.|
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
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