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: Jul 1, 2021

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To Sum It Up

  • GEICO has lower rates than State Farm
  • GEICO and State Farm are rated the same by A.M. Best
  • GEICO and State Farm offer various discounts

GEICO and State Farm offer affordable auto insurance for military veterans. GEICO has lower rates than State Farm, but the companies have similar coverages, discounts, and financial ratings. Comparing GEICO vs. State Farm will help you make the right choice.

Before starting this GEICO vs. State Farm comparison, enter your ZIP code to get free auto insurance quotes from the top companies in your area.

GEICO vs. State Farm: What are their annual rates?

Comparing affordable GEICO vs. State Farm auto insurance rates will help you find the most cost-effective option. The following chart shows the average annual State Farm and GEICO quote based on age.

Allstate vs.Progressive Average Monthly Rates Based on Age Group
Age GroupAllstate Average Monthly RatesProgressive Average Mothly Rates
Teenagers$537$687
20-29$220$191
30-39$220$137
40-49$159$137
50-59$157$129
60-69$147$117
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As you can see, the average GEICO auto insurance quote is lower than the corresponding State Farm quote, and rates decrease as drivers age.

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GEICO vs. State Farm: What coverages are available?

GEICO and State Farm offer similar auto insurance coverages. Combining these coverages allows customers to create a policy that provides all of the necessary protection.

Coverages offered by GEICO and State Farm include:

  • Bodily injury liability
  • Property damage liability
  • Medical payments
  • Personal injury protection
  • Uninsured/underinsured motorist
  • Collision
  • Comprehensive
  • Rental car insurance
  • Rideshare coverage

GEICO and State Farm offer all of the basic coverages, but fewer options overall compared to many competitors.

GEICO vs. State Farm: What discounts are available?

Discount car insurance is available to help customers obtain affordable rates. Comparing GEICO vs. State Farm auto insurance company discounts will help you discover how much you can save.

Discounts offered by GEICO include:

  • Good student
  • Multiple policies
  • Multiple vehicles
  • Anti-theft device
  • Anti-lock brake system
  • Airbags
  • Good driver
  • Military

Discounts offered by State Farm include:

  • Good student
  • Multiple policies
  • Multiple vehicles
  • Anti-theft device
  • Airbags
  • Good driver
  • Driver training

As you can see, GEICO and State Farm offer a variety of discounts to customers. However, only GEICO provides a deal for military personnel.

GEICO vs. State Farm: What are their financial ratings?

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

GEICO has been rated an A++ by A.M. Best, an Aa1 by Moody’s, and an AA+ by S&P. These ratings are some of the best in the industry, indicating that GEICO has superior financial strength.

State Farm has been rated an A++ by A.M. Best, an Aa1 by Moody’s, and an AA by S&P. These ratings indicate excellent financial strength.

GEICO and State Farm have been rated the same by A.M. Best and Moody’s. While State Farm has been rated lower than GEICO by S&P, both company ratings indicate financial stability.

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GEICO vs. State Farm: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow customers to list complaints about insurance companies. The organizations have received complaints about GEICO and State Farm.

At the time of this comparison, the BBB has received 2,772 complaints about GEICO over the past three years. GEICO’s complaint index ratio of 1.42 by the NAIC indicates the company has more complaints than competitors of a similar size.

The BBB has received 1,322 complaints about State Farm over the past three years. According to the NAIC, State Farm’s complaint index ratio is 1.45, also higher than the average competitor of a similar size.

GEICO has more complaints with the BBB than State Farm because it’s a larger company. The complaint index ratios show that the companies have similar customer satisfaction levels and more complaints than the average competitor.

GEICO vs. State Farm: Do they offer roadside assistance?

Many auto insurance companies offer roadside assistance with collision and comprehensive coverages. GEICO and State Farm only provide this coverage as an add-on. Customers that add this coverage can receive support that includes::

  • Towing
  • Tire replacement
  • Gas delivery

GEICO customers can add roadside assistance to an existing policy for $14 per year. State Farm offers the same service for $12 per year. While both additions are relatively inexpensive, State Farm offers this service for a lower price.

When looking at GEICO or State Farm auto insurance quotes, consider the addition of roadside assistance because it will increase your rates.

GEICO vs. State Farm: Do they have mobile apps?

GEICO and State Farm have mobile apps that are accessible on any mobile device. Customers can use their GEICO login or State Farm login to access digital ID cards, request roadside assistance, manage claims, and make payments.

You should keep a physical copy of your ID cards on hand. Internet access might be lacking when you need to provide proof of insurance.

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GEICO vs. State Farm: How do you file claims?

Customers can file GEICO or State Farm auto insurance claims through the companies’ websites, mobile apps, or by phone. To file GEICO claims, call their customer service number at (800) 207-7847. The State Farm claims department phone number is (888) 559-1922.

GEICO vs. State Farm: The Bottom Line

The choice of whether to buy GEICO or State Farm auto insurance for military veterans depends on your personal preference. GEICO has lower rates and provides a discount for military veterans.

Comparing GEICO vs. State Farm auto insurance will help you find the right choice.

Now that you’ve compared GEICO vs. State Farm, enter your ZIP code to receive free quotes from the best auto insurance companies in your area.