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GEICO vs. Farmers: Which company is best for you?

GEICO and Farmers enjoy widespread brand recognition as two of the most popular names in insurance. Both insurers offer a robust selection of insurance products and coverage options, and collectively take a large share of the auto insurance market — but which one is best for you? We've compared both companies to give you an idea of what you can expect as a customer. Read on to find out more.

GEICO car insurance

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5 Rating from The Zebra Question mark icon

GEICO is one of the most recognizable insurers in the country and, as of 2020, has the second-largest share of the auto insurance market. Among comparable major companies, GEICO generally receives positive customer satisfaction ratings. We also found that it offers some of the most affordable rates compared to other insurers.

Pros Cons
  • Affordable rates for most
  • Wide-ranging coverage options
  • Great customer satisfaction scores
  • Lack of local agents                                          
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Farmers car insurance

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4 Rating from The Zebra Question mark icon

Farmers customers can expect a variety of discount options and a wide selection of highly-customizable coverages. In general, they receive fewer customer complaints than average but customer satisfaction may suffer overall. Farmers also allows customers to combine car insurance with homeowners, renters and life insurance policies, which adds convenience and may lead to savings.

Pros Cons
  • Customizable coverage options
  • Bundling opportunities
  • Lots of discount options
  • Overall customer satisfaction scores are poor
  • Higher than average rates
Learn more

Which company comes out on top?

GEICO


GEICO comes out on top in most categories, including customer satisfaction, coverage options and price. These factors make GEICO a strong choice for most drivers.


GEICO vs. Farmers: car insurance rate comparison

In an effort to simplify the comparison process, we've collected average rates from Farmers and GEICO. These rates cover an array of pricing components, including credit rating, driving history and age. Take a look at these rates to help you in your search for an affordable policy. Keep in mind, however, that your rates are likely to be different than our samples — these premiums should be used as a jumping-off point so you know what a fair car insurance quote looks like.

Because companies' rates differ by so many factors, including driving history, agelocation and more, choosing a car insurance company can prove challenging, which makes it all the more important to compare their pros and cons.

Want to learn more about these two companies? Read our full reviews of GEICO and Farmers.

Cheapest average rates
Cheapest average rates

GEICO has the most affordable rates overall on average. However, this can vary from person to person according to the rating factors companies use to generate estimates. This is why it's always a good idea to get quotes from many different insurers to see which policy is best for you.


GEICO vs. Farmers: pricing by credit score

If you have very poor credit, GEICO could be more affordable than Farmers. On average, GEICO offers cheaper rates than Farmers for drivers at every credit level. Check out average insurance costs by credit level for Farmers and GEICO:

 

RATES BY CREDIT LEVEL: FARMERS VS. GEICO
Credit level GEICO avg. annual premium Farmers avg. annual premium
Very Poor (300-579) $2,051 $2,633
Fair (580-669) $1,358 $1,736
Good (670-739) $1,485 $1,882
Very Good (740-799) $1,120 $1,459
Exceptional (800-850) $1,064 $1,354

Auto insurance data methodology

The auto insurance rates published in this guide are based on the results of The Zebra's State of Insurance car insurance pricing analysis. This analysis of more than 83 million insurance rates spans every U.S. ZIP code, using a sample user profile: a 30-year-old single male driver with a Honda Accord, good credit and full coverage at these levels:

  • $50,000 per person/$100,000 per incident for bodily injury liability
  • $50,000 per incident for property damage liability
  • $500 deductibles for collision and comprehensive coverage

To generate pricing for particular rating factors, we adjusted the driving profile based on common pricing factors used by major car insurance companies. These factors include credit score, coverage level, driving record and others.

In some instances, average rates from Liberty Mutual were derived from internally sourced sales data.

GEICO vs. Farmers: rates for high-risk drivers

If you have infractions like an at-fault collision, speeding ticketDUI or reckless driving violation in your driving history, GEICO could be more budget-friendly for insurance coverage than Farmers. Every car insurance company prices policies differently after a violation, so don't hesitate to shop around to figure out which insurer is best for you.
 
RATES BY CITATION: FARMERS VS. GEICO
Violation GEICO avg. annual premium Farmers avg. annual premium
At-fault accident (damage < $1,000) $1,857 $2,334
At-fault accident (damage > $1,000) $1,580 $1,699
DUI/DWI $2,550 $3,239
Reckless driving $2,238 $4,636
Speeding ticket $1,395 $2,045

GEICO vs. Farmers: rates by age

Insurance companies use a driver's age as an estimator of risk, pricing premiums accordingly. An auto insurance policy is usually priciest for teen drivers — due to their increased odds of being involved in an accident — and more affordable for older drivers. Because every car insurance company prices age brackets differently, it's worth doing some comparison shopping.

According to our data, teen drivers should choose GEICO instead of Farmers: GEICO offers average yearly savings of $3.010 compared to Farmers. At all ages, GEICO was the cheapest.

 
RATES BY AGE: FARMERS VS. GEICO
Age bracket GEICO avg. annual premium Farmers avg. annual premium
Teens $3,508 $6,518
20s $1,438 $2,020
30s $1,218 $2,020
40s $1,189 $1,511
50s $1,160 $1,507
60s $1,065 $1,402

Costs aside, GEICO and Farmers both have pros and cons, including discount programs, customer satisfaction ratings, policy add-ons and financial stability. Make an informed decision by getting quotes and comparing rates before finalizing a policy.

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Ratings comparison: GEICO vs. Farmers

When looking for a new auto policy, cost shouldn't be the only thing to compare. While affordability is important, positive assessments from customers and third-party rating agencies can help you find an insurance company that provides good rates and great customer service. To help, we've found a variety of ratings for both GEICO and Farmers to help you determine each company's customer satisfaction level, number of complaints and fiscal security outlook.

GEICO vs. Farmers
Ratings comparison GEICO Farmers
Financial strength (A.M. Best) Superior Excellent
JD Power (claims satisfaction) Average Excellent
JD Power (customer satisfaction) Average Below Average
NAIC rating Average Good
The Zebra's editorial review score 5/5 4/5
The Zebra's Customer Satisfaction Survey 4.4/5 4.3/5

Which company scores best?

GEICO


GEICO and Farmers are fairly evenly matched here, with both companies excelling in financial strength and receiving fewer than the average number of customer complaints. However, GEICO received a perefct 5 star rating from the Zebra's editorial review and their customer survey scores were slightly higher. 


The Zebra's Customer Satisfaction Survey

The Zebra conducted a survey to get a sense of which major car insurance providers are viewed by their customers. Find a rundown of the results below. 

GEICO logo
GEICO

GEICO came in fourth place overall with a score of 4.4. Below are some highlights from the survey.

  • GEICO placed first for Online Satisfaction (website and apps)
  • Scored well for Customer Service and Willingness to Recommend
  • Viewed most favorably by drivers in the Boomer generation
survey logo
Farmers

Farmers consistently ranked near the lower third of companies included in our survey. However, the company ranked 6th overall for claims satisfaction, indicating that customers are happy overall with the process. Among respondents, Farmers did best among younger drivers.

  • Farmers auto insurance placed 10th overall
  • Millennial and Gen X respondents rated Farmers higher overall
  • Scored highest for claims satisfaction

The Zebra Customer Satisfaction Survey methodology

Findings are based on an online quantitative survey of 4,134 current U.S. auto and home insurance customers, with Census-balanced sampling by age, gender and region. Categories with n=<20 responses are considered insufficient sample size and are not reported. This survey was developed by The Zebra and executed by independent research firm Maru/Blue in 2021.


GEICO vs. Farmers: discount comparison

Car insurance discounts can help you save money on your insurance premiums. While individual discounts tend to be quite small, they can add up. Take a look at how discounts from GEICO and Farmers stack up below.

GEICO vs. Farmers: discount comparison
Discount comparison GEICO Farmerd
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
Continuous coverage

In addition to the discounts above, GEICO also offers a senior citizen discount to qualifying drivers. Compared to GEICO, Farmers offers more discounts on car insurance. If unsure, ask a representative about which discounts for which you may qualify.


Telematics options: GEICO vs. Farmers

GEICO and Farmers both offer telematics car insurance programs that can be beneficial to certain types of drivers. Have a look at the comparison below to see if one stands out as a better option for your insurance needs.

GEICO logo
GEICO DriveEasy

GEICO Drive Easy Pro is an app that tracks your driving habits to better assess your level of risk. For safe drivers, this can sometimes result in cheaper rates. Currently, the app is rated on app stores at 3.5 out of 5 stars (both Google Play and the Apple Store).

farmers telematics logo
Farmers Insurance Signal

Signal is the telematics option from Farmers. The company advertises a 5% discount for signing up, with the promise of up to 15% savings for qualifying drivers. The company also offers an additional 10% savings for drivers under the age of 25 who enroll. 

Unique amongst telematics programs, drivers enrolled in Farmers Signal — with a driving score of at least 80% — are also eligible to win up to $100 in rewards every month. Signal is not available in every state, and further restrictions may be imposed depending on where you live. 

Zebra tip: Explore Farmers for telematics options


Farmers' higher possible discount and additional reward for good driving helps this telematics program stand out from competitors. Good drivers should consider Farmers' app when selecting telematics options. 


Roadside assistance: GEICO vs. Farmers

Roadside assistance is a great safety net against getting stranded on the side of the road due to a breakdown. Check out the different roadside assistance packages offered by both GEICO and Farmers below.

GEICO

GEICO's roadside assistance offers the following benefits:

  • Towing
  • Jump starts
  • Tire changes (when you have a spare)
  • Up to $100 for lockout services
  • Fuel delivery
  • Winching for stuck vehicles (depending on severity)

 

Farmers

To contact Farmers Roadside Service, call 1-800-435-7764. Farmers covers up to $150 per incident (with special limits in North Carolina, Texas and Virginia) for the following services:

  • Towing
  • Battery jump start
  • Flat-tire change
  • Winching services
  • Lock-out services
tow truck

GEICO vs. Farmers: home insurance

Both Farmers and GEICO offer homeowners coverage options. These can be purchased as individual policies or bundled together with auto or other coverage types. It's important to note that GEICO offers homeowners insurance through a number of partner companies instead of under its own banner.

GEICO homeowners insurance review

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4 Rating from The Zebra Question mark icon

While not as large a portion of its business as auto insurance, homeowners coverage remains an important part of GEICO's product offerings. The company partners with many insurers throughout the nation to provide home insurance. Still, customer service scores and third-party ratings remain high.

  • The Zebra Customer Satisfaction Survey – 4.4/5: GEICO's home insurance coverage earned a relatively high score in The Zebra's 2021 customer satisfaction survey.
  • Claims satisfaction (J.D. Power) – Not rated 
  • Customer satisfaction (J.D. Power) – Not rated 
  • Financial strength (AM Best) – Superior: GEICO received an 'A' rating from AM Best, underlining its solid financial standing. 
  • NAIC Rating – Excellent: The National Association of Insurance Commissioners (NAIC) received fewer customer complaints than average regarding GEICO homeowners insurance in 2020.
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Farmers homeowners review

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4.0 Rating from The Zebra Question mark icon

Because of its robust policy options and reasonable rates, Farmers remains a popular option for homeowners insurance. The company earned roughly average reviews from various third-party reviewers and consumers and placed 7th overall for homeowners insurance in The Zebra's Customer Satisfaction Survey.

  • The Zebra Customer Satisfaction Survey — 4.3/5: Farmers placed 7th overall in The Zebra's homeowners insurance customer survey. 
  • Claims satisfaction (J.D. Power) — Average: J.D. Power's property claims satisfaction study for 2021 gave Farmers an average score of 884 out of 1,000.
  • Customer satisfaction — (J.D. Power) — Average: Farmers earned an average score in J.D. Power's study of customer satisfaction. 
  • Financial strength — Excellent: AM Best rates Farmers highly, meaning the company is in good financial shape.
  • NAIC Rating — Good: Farmers received fewer complaints than did other major homeowners insurance companies.
Learn more

Which company comes out on top?

Farmers


Both GEICO and Farmers can provide customers with good homeowners policies. Because GEICO doesn't actually underwrite their own policies, it's harder to rate them higher than Farmers. Farmers'  extensive list of coverage options and affordable rates secure this company the win here. 


GEICO vs. Farmers: home insurance rate comparison

Farmerss average annual homeowners insurance rate is $1,455, or just under $121 a month. Because GEICO does not underwrite its own homeowners policies, it's more difficult to provide accurate rate data.

Your individual rates will vary from one company to another. This is because every insurance company has different methods for underwriting. Your rates are highly dependent upon both where you live and your individual profile, and each company will weigh factors such as area crime, proximity to fire-fighting services and the age of your home differently.

For this reason, it's highly recommended that you shop for homeowners quotes from a number of different sources, as this will likely lead you to the best rate. While cost is an important factor when shopping for homeowners insurance, it's most important to have good coverage from an insurer that you can trust.

Cheapest average rates
Cheapest average rates

Based on the data we have available, Farmers has the cheapest home insurance rates at around $121 per month.

Homeowners insurance data methodology

The homeowners insurance rates published in this guide are based on The Zebra's analysis of the cost of home insurance in every U.S. ZIP code. These rates are based on a sample user profile: a 45-year-old married homeowner living in a 2,500-square-foot single-story home built in 2011 with these coverage levels:

  • $200,000 for the dwelling
  • $20,000 for other structures
  • $100,000 for personal property
  • $100,000 for personal liability
  • $1,000 deductible

To generate pricing for particular rating factors, we adjusted the homeowner profile based on common pricing factors used by major home insurance companies. These factors include location, coverage limits, claims record and others.


GEICO vs. Farmers: homeowners discount comparison

Home insurance discounts are useful for saving some money on your policy. Both companies offer such discounts, though Farmers provides more opportunities to save.

GEICO VS. FARMERS: HOMEOWNERS DISCOUNT COMPARISON
Discount comparison GEICO Farmers
Claims free
Recent home buyer
Multi-policy
Early signing
Newer/more durable roof
Protective devices (smoke/burglar alarms, etc.)
Paid in full
Auto pay

In addition to the discounts listed above, Farmers also offers opportunities to lower your rate if you have a smart home, are non-smoking, and discounts based on career. It's important to note that there may be more options for discounts through GEICO's partner companies. Be sure to verify with each insurer that you're getting all of the discounts you qualify for before finalizing your policy.

Zebra tip: Check out Farmers if you are seeking home insurance discounts


Farmers generally offers more home insurance discounts than GEICO. However, even with extra discounts, other companies may still offer more affordable rates. Compare quotes from both to see which is a better fit and a better price.


Other insurance products and bundling options

GEICO and Farmers both have options for bundling multiple policy types. Bundling policies can lead to savings in many cases. See our table below for a side-by-side comparison.

GEICO VS. FARMERS: Other insurance products
Other products GEICO Farmers
Boat insurance
Condo insurance
Life insurance
Homeowners insurance
Travel trailer insurance
Renters insurance
RV insurance
Motorcycle insurance
Mobile home insurance
Umbrella
Offroad vehicles and ATVs
Pet insurance
Commercial insurance

Find the best insurance policy for your needs.

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RECENT QUESTIONS

Will my farmers insurance cover my towing off the the NJ turnpike

Although I am not a Farmers insurance agent, my understanding of Farmer's Roadside Assistance program is you can either call their roadside service while your vehicle is inoperable and they will tow you up to $150 or you can be reimbursed for your troubles. However, this is all dependent on having towing and roadside on your policy.
May 2, 2018 Woodland, NJ

If I paid to have a window replaced on my car, can I submit the receipt to my insurance company for reimbursement?

Since you are in California, glass claims should not impact your rate. You will want to make sure your policy includes comprehensive coverage (which it should since you are leasing the vehicle).
May 8, 2017 Santa Monica, CA

What model car can I pick to get the cheapest insurance rates?

The cheapest type of car to insure is typically an early-2000s 4-door sedan. You want it to be a car that you are not making payments on that way you do not have to carry comprehensive and collision coverage.
Jan 17, 2019 Austin, TX

Which insurance companies will insure a driver without a license?

You may check with Geico to see if they will take an unlicensed driver. However, in my experience, they will not.
Nov 24, 2019 Charleston, SC

Renata Balasco photo
Renata BalascoContent Strategist

Renata joined The Zebra in 2020 as a Customer Experience Agent. Since 2021, she has worked as licensed insurance professional and content strategist. Her expertise in property and casualty insurance informs her work in creating expert home and auto insurance guides to educate shoppers. 

Renata previously worked as a content specialist for Lifespan, the largest hospital system in the state of Rhode Island. She holds a bachelor’s degree in French Language and Communications from The University of Rhode Island.

Renata's work has been cited by Car and Driver, The Balance and Fox Business

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.