Are you looking for car insurance at a good price? Today we will be reviewing two well-known insurance companies.
In this GEICO Vs Farmers comparison, we will take a look at features, insurance rates, mobile benefits, ease of use, and more. Make sure that you start a quote today to compare rates to help you save over 25% on car insurance.
Let’s learn a little information about both companies.
GEICO was founded in Fort Worth Texas in 1936 by Leo Goodwin Sr. and his wife Lillian Goodwin. Today GEICO is the second largest auto insurer in the U.S.
Farmers Insurance Group was founded in 1928 in Los Angelous California by Thomas E. Leavey. Today Farmers is a leading U.S. insurer group of automobiles.
Auto insurance rates comparison
If we’re honest with ourselves, the car insurance price is a huge factor in our car insurance decision. For me pricing is what I cared about most in my car insurance plan. As a safe driver I did not want to purchase expensive car insurance.
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GEICO offers the cheapest monthly car insurance rates in the United states. GEICO is far cheaper than Farmers. You will actually save over $100 a year with GEICO insurance. In fact, new customers report an average annual savings of over $500. I currently have GEICO insurance for a financed car and I’m paying 30% less than what I would with other car insurance companies.
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Farmers is cheap as well, but when it comes to pricing there is really no comparison.
Which company offers more car insurance discounts?
Who doesn’t love to save a little money? GEICO offers more discounts to help you save money on car insurance. Below I will showcase the discounts that you can be using with each company.
With Farmers depending on the state that you live in, you may be eligible for some auto insurance discounts. However, compared to other major insurance companies, Farmers falls extremely short in the discount options category. There is just not a lot to choose from. If you don’t care about discounts, then it doesn’t matter but if you do, then it might be a problem for you.
Here are the discounts that Farmers has to offer.
Distant student discounts – Do you have a child who is away at school over 100 miles from your home? If so, then you might qualify for this car insurance discount.
Homeowners discounts – If you own your home, then you can save on Farmers homeowner discount.
Homeowners discounts – Seniors and experienced drivers can start saving on car insurance today.
Safety discounts – Does you car have anti-lock brakes, restraint systems, etc. If so you can easily save money.
Here is what GEICO offers their customers
Air bags discount – With GEICO you can save 40% with full-front seat air bags.
Anti-lock braking system – This allows for a 5% discount on the collision part of your insurance premium.
Anti-Theft discount – Does your car have a built-in Anti-theft system? If so, then great news! This can save you up to 25% on part of your premium.
Daytime Running Lights discount – Although it’s not much, every penny counts. Save 1% on certain car insurance coverages.
Driving History & habits discount – If you have had a clean driving record for the past 5 years like I have, why not take advantage of their driver history discount? Start today and save over 25% on most coverages.
Drivers education discount – With GEICO you or your child maybe able to receive discounts for driver ed courses.
Multi-Car discount – When you insure multiple cars with GEICO you can save up to 25% on your car insurance.
Military discount – GEICO offers awesome discounts to service men/women. Whether you are active or retired you can save up to 15% on car insurance.
Availability comparison
GEICO is one of the few car insurance companies that is available is all 50 states. With Farmers, products & features may not be available in all states. Depending on what state that you live in it may be hard for you to get insurance.
Website navigation and ease of use.
Both websites make it easy to find what you are looking for. However, when looking at both you will notice that GEICO offers the more beginner friendly website. GEICO makes it easy for you to start an auto quote. GEICO pops out more and everything is right in front of your face. If you look under the zip code box you will see other insurance products that you can select such as homeowners, renters, condo, motorcycle & ATV, boat, and more.
Once again, Farmers is easy to navigate through as well. With Farmers you are given a drop-down menu where you are easily able to select a type of insurance such as auto, home, life, business, condo, and renter’s insurance. For faster search, go to their search icon on the top right menu.
Locations served
GEICO insurance is available in all states. Whether you need an auto insurance provider in Florida, California, North Carolina etc. you will have no problem being insured. Although Farmers is available in most states it is not available in all states.
Mobile features
GEICO offers many awesome mobile features to make the lives of their customers easier.
As we progress in society we are becoming more and more technology based. It’s awesome to be able to pull your info up on your phone in a drop of a hat. GEICO Mobile allows for easy insurance ID card access for iOS and Android users. This is great for those who don’t want to worry about losing pesky papers.
Easy Estimate – This feature allows you to take pictures of minor damages for a quick GEICO inspection and estimate process.
Gas Finder – This awesome feature allows you to find the cheapest gas station near you
Virtual Assistant – GEICO customers are given Kate. Kate is GEICO Mobile’s new 24/7 virtual assistant. You can talk or text with Kate to inquire about billing info, coverages, etc. The more questions that Kate answers, the smarter she grows. With Kate you will immediately be given the right answer or she will lead you to the right place.
GEICO offers many more mobile features such as GEICO destinations, smart watch, accident assistance, vehicle care, and more.
The Farmers mobile app allows for quick and easy access to your insurance. You are easily able to view and update your account information. You are able to manage your payment methods, pay your bill and enroll in auto pay, report a claim, view your ID cards, stay connected to your agent and more.
Popularity comparison
The popularity comparison matters because it reveals what most people are choosing. During the second half of 2016, GEICO’s growth accelerated dramatically. GEICO easily blew by Allstate. Not only is GEICO a larger company, but “GEICO Car insurance” receives 10K – 100K average monthly searches in Google. Farmers car insurance receives 1K – 10K average monthly searches, which means more people are interested in GEICO.
Which is the better car insurance provider?
Both companies are great companies that offer competitive rates, but it is clear that GEICO is a better overall car insurance choice. You are going to be saving money with their discounts and their cheaper quotes. GEICO customers are given more features, better claims, and more support options available to them.