I personally have been able to receive cheaper rates with GEICO and on average GEICO is cheaper than State Farm according to various insurance studies.

Is geico insurance cheaper than state farm. The average car insurance premium for Geico is 37 compared to 49 per month for State Farm according to WalletHubs sample quotes. GEICO Consistently Has Lower Rates. The overall average prices for this Florida scenario were 1970 for minimum coverage and 5073 for full coverage considerably higher than GEICOs estimate.

For drivers with good credit we found an average rate of 1101 with Geico. In Finders independent analysis of car insurance rates State Farm offered cheaper car insurance rates averaging 197 less per year than Geico. Geico beats State Farm in terms of discounts offered customer reviews and cost but the two companies are evenly matched in regards to geographical coverage and State Farm has a better-rated claims service.

Both also rank high for customer satisfaction. ValuePenguins analysis shows that Geicos rates for these drivers are 293 cheaper per year than State Farms. Geico State Farm tends to offer cheaper coverage than Geico for most people.

The two cheaper rates came courtesy of two separate divisions of USAA which caters exclusively to military personnel and their families. State Farm Geico and State Farm are both cheaper on average than Allstate or Progressive according to our analysis. But Progressive USAA and Esurance can sometimes outdo Geicos low rates.

Geico is better than State Farm overall. Geico typically has the cheapest car insurance among top national providers. However Geicos rates are more affordable for drivers with poor credit.

Comparatively Geico offers a wide range of discounts applicable to more drivers. Currently there is no program from Geico that monitors your driving habits and offers rewards for safe driving. News and World Report and Quadrant Information Services found that Geicos average annual policy rate was 106310.