Geico Car Insurance vs. Farmers Car Insurance: Which Is Better is a common question drivers often ask. These companies are ranked the best car insurance companies for customer service satisfaction and affordable rates. These companies both sell car insurance policies. However, they have different qualities, and they are best in several ways.
Geico ranks high for selling insurance at lower rates than the national car insurance average rate, while farmers rank high for affordable rates among other insurance companies. Geico is better than Farmers in several ways based on several analyses. This insurance has competitive costs, while farmers are obstructed by expensive rates. However, it is generally advisable to compare the rates of several insurance companies to find the best for your budget and needs.
Geico Car Insurance vs. Farmers Car Insurance: Which Is Better?
As previously stated, Geico has secured the best reputation among insurance companies. It has an A++ financial strength rating from AM Best, which shows its ability to pay off claims. It has an A+ rating from the Better Business Bureau, and it has scored below the insurance industry average in overall customer satisfaction.
Meanwhile, Farmers has an A rating from AM Best for financial strength and an A rating from Better Business Bureau. This company also ranks as the second-largest car insurance company in the J.D. Power study, which makes Geico the seventh largest.
Advantages and disadvantages of Geico Car Insurance
To identify if Geico is best for you, you need to be aware of the benefits and downsides of it. While Geico ranks higher than farmers overall, especially in customer loyalty, the following are other advantages and downsides of this insurance company:
Advantages
- Lower car insurance rates.
- A high-rated mobile app that offers a variety of policy management.
- Favorable customer survey feedback.
- Average yearly premiums are lower than the national average.
Disadvantages
- Middling customer service ratings.
- Not available in physical stores.
- It uses third-party underwriting partners for non-vehicle policies.
Advantages and Disadvantages of Famers Car Insurance
Farmers may rank lower than Geico in most aspects, but for overall customer service, it ranks higher. Farmers Car Insurance companies come with several benefits and disadvantages you need to be aware of while evaluating whether or not it is best for you.
Advantages
- Lower insurance rate than Geico for DUL drivers.
- Special car insurance discounts.
- Solid scores for effortlessness in purchasing a policy.
- Different types of insurance policies, rideshare coverage, and other related financial solutions.
Disadvantages
- Unavailable in most states.
- In active 24/7 customer service.
- Higher average premiums.
Geico Car Insurance vs. Farmers Car Insurance Customer Satisfaction: Which is Better?
The analysis of auto insurance complaints for these insurance companies reveals that Geico has fewer complaints than Farmers. It has a lower level of customer complaints displaying good customer service, while Farmers’ level of complaints is above the car insurance industry average. However, in customer satisfaction, Farmers does better than Geico. It ranks higher than the industry average, making it much better than Geico in customer satisfaction.
Geico Car Insurance vs. Farmers Car Insurance Availability: Which Is Better?
Geico ranks higher in availability than farmers. It is available in every state, making it convenient for customers even when moving states, and do not intend to change insurance providers. Geico is available in all states, including:
- Delaware.
- New Hampshire.
- West Virginia.
- Rhode Island.
- Alaska.
- Maine.
- Hawaii.
- Vermont.
Geico Car Insurance vs. Farmers Car Insurance: Which Is Cheaper?
The national car insurance average rate is $1,321. Generally, Geico is the second-cheapest car insurance company among other insurance companies. It charges as low as $1,100 a year on car insurance, which is relatively lower than the national average. Meanwhile, Farmers is one of the more expensive car insurance companies; its average score is $1,635, which is more than the national average cost.
Is Farmers Car Insurance good at paying claims?
Farmers have a very good score in the J.D. Power car insurance claims satisfactory study. It scores 878 out of 1,000, meaning it has a strong ability to pay claims. This score means it ranks 12th position among large insurance companies. However, Geico’s score is 871, which is more than that of Farmers.
Why is Geico Car Insurance so Popular?
Due to its affordable rates, most drivers use Geico Car Insurance as their preferred car insurance company. Its great customer service and coverage options fit several driver needs. However, it ranks the third-best car insurance company after USAA and State Farm.