Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Benjamin Carr was a licensed insurance agent in Georgia and has experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. Benji is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jun 21, 2021

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It’s all about veterans. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help veterans make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with one auto insurance company and cannot guarantee quotes from any single company. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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To Sum It Up

  • GEICO offers lower rates than Farmers
  • GEICO is rated better than Farmers by A.M. Best
  • Farmers offers more coverage options

Farmers and GEICO offer various auto insurance coverages to military and veterans. GEICO has lower rates and better financial ratings, but Farmers has more coverage options. Comparing Farmers vs. GEICO will help you find affordable auto insurance for military veterans.

Before starting this Farmers vs. GEICO comparison, enter your ZIP code to find the best auto insurance quotes in your area.

Farmers vs. GEICO: What are their annual rates?

Comparing affordable Farmers vs. GEICO auto insurance rates will help you find a low-cost option. The following chart shows the average annual Farmers vs. GEICO auto insurance quote based on age.

Allstate vs. American Family Average Monthly Rates by Credit Score
Credit Score RangeAllstate Monthly RatesAmerican Family Monthly Rates
300-579 (Poor)$260$161
580-669 (Fair)$180$108
670-739 (Good)$168$102
740-799 (Very Good)$152$84
800-850 (Exceptional)$145$78
Get Your Rates Quote Now
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As you can see, the average GEICO quote is lower than Farmers, and rates decrease as drivers age.

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Farmers vs. GEICO: What coverages are available?

Examining Farmers vs. GEICO auto insurance company coverages will help you determine the one that offers everything you need. Combining these coverages allows you to create the plan that best suits you.

The basic coverages provided by Farmers and GEICO are very similar. These coverages include:

  • Bodily injury liability
  • Property damage liability
  • Medical payments
  • Uninsured/underinsured motorist
  • Collision
  • Comprehensive
  • Rental car reimbursement
  • Mechanical breakdown
  • Rideshare

In addition to these basic coverages, Farmers also provides the following coverages:

  • Glass deductible buyback
  • Windshield and glass
  • New car replacement

While Farmers provides more coverage than GEICO, both companies offer the most popular options.

Farmers vs. GEICO: What discounts are available?

Auto insurance companies offer various ways to save. These options range from attending school to installing safety devices. Examining these opportunities will allow you to find the best discount car insurance.

Farmers and GEICO offer several identical discount opportunities and a few differences. The discounts provided by Farmers and GEICO include:

  • Good student
  • Multiple policies
  • Multiple vehicles
  • Anti-theft device
  • Anti-lock brakes
  • Airbags
  • Good driver

Discounts offered solely by Farmers include:

  • Student away at school
  • Green vehicle
  • Homeowner

Discounts offered solely by GEICO include:

  • Driver training
  • New vehicle
  • Military

As you can see, the two companies provide the same number of discount opportunities.

Farmers vs. GEICO: What are their financial ratings?

Credit rating agencies review and rate auto insurance companies based on financial strength. These financial ratings determine the likelihood that the company will provide a payout when you file GEICO or Farmers Insurance claims.

Farmers has been rated a B++ by A.M. Best and an A by S&P. These are stable ratings but show that the company could have trouble providing a payout at times.

GEICO has been rated an A++ by A.M. Best and an AA+ by S&P. These are excellent ratings and determine that customers will receive a payout whenever a claim is filed.

These ratings show that GEICO has greater financial strength than Farmers, making it more likely that you’ll receive a payout when you file GEICO claims.

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Farmers vs. GEICO: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) examine complaints filed by insurance customers. The organizations have received complaints about Farmers and GEICO.

The BBB has received 617 complaints over the past three years about Farmers Insurance. The company’s NAIC complaint index ratio of 1.92 is higher than the average company of a similar size.

The BBB has received 2,788 complaints over the past three years about GEICO. According to the NAIC, the company has a complaint index ratio of 1.42, more than most similarly-sized competitors.

While GEICO has more complaints than Farmers, GEICO’s lower complaint index ratio shows that the company’s size should be taken into consideration.

Farmers vs. GEICO: Do they offer roadside assistance?

Roadside assistance can come in handy when you suffer problems with your vehicle. Customers looking to buy Farmers vs. GEICO auto insurance might wonder how they can obtain roadside assistance. Farmers and GEICO offer this service as an add-on.

Customers that choose to add roadside assistance to their policy will receive support that includes:

  • Towing
  • Gas delivery
  • Flat tire replacement

Farmers’ customers can add roadside assistance to an existing plan for $23.20 per year. GEICO offers the same coverage for $14 per year.

When comparing Farmers vs. GEICO auto insurance quotes, you should determine if you’ll add roadside assistance as this coverage will slightly increase your rates.

Farmers vs. GEICO: Do they have mobile apps?

Most auto insurance companies offer mobile apps for convenience. Farmers and GEICO provide mobile apps that are accessible on any mobile device.

Entering a Farmers Insurance login or GEICO login allows customers to access ID cards, view policy information, make payments, and request roadside assistance.

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Farmers vs. GEICO: What are their pros and cons?

Every insurance company has positives and negatives to consider. Recognizing the pros and cons of Farmers and GEICO will help you find the right fit.

GEICO offers lower rates than Farmers to a wide range of demographics.  Rates increase significantly when a driver has an accident or a DUI. Farmers’ rates become lower than GEICO when a driver has an accident or DUI on their record.

Additionally, Farmers has superior customer satisfaction ratings when compared to most competitors.

Farmers vs. GEICO: The Bottom Line

GEICO offers lower rates and has better financial ratings than Farmers. However, Farmers provides more coverage options. Comparing Farmers vs. GEICO auto insurance will help you find the best choice for military and veterans.

Now that you’ve compared Farmers vs. GEICO, enter your ZIP code to discover the top auto insurance rates in your area.