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All the Details about Geico Vs. State Farm Insurance

Geico Vs State Farm

Why Compare Geico Vs. State Farm?

When shopping for car insurance you want the best company on your side because you may be calling them in a difficult moment. You want not only the cheapest coverage but also a company that is reliable. Geico and State Farm are the two largest car insurance companies in the US, so it is worth comparing them because that is who you may be making your decision about anyway. Keep reading to find out the top comparisons between these two insurance companies that you will certainly find quotes for on American Insurance.

About State Farm

State Farm offers many different types of insurance including car insurance and is based in Bloomington, Illinois. The company was founded in 1922 by George J Mecherle and is one of the earliest car insurance companies. The company offers car, life, and home insurance, and also provides banking services in some areas. The company has around 70,000 employees in the US and 19,000 agents who work for the company selling policies. It offers more than 80,000,000 policies in both the US and in Canada, of which more than half are for car insurance, which is definitely their specialty as that is how they started out. 

The company has a very memorable jingle, which says, “Like a Good Neighbor, State Farm is There.” The famous musician Barry Manilow wrote the jingle way back in 1971. The logo of State Farm is the stylized three oval design that originally contained the words “auto,” “fire” and “life” but in 2011 the company redesigned the logo to be a bit more modern while still being recognizable as the State Farm logo to trust.

State Farm’s Discounts and Savings

State Farm really wants you to get the cheapest car insurance possible, which is why they have a service called “discount double-check.” This will help you to make sure you have gotten all the discounts that you are supposed to have! They categorize their discounts into a few categories.

Safe driver discounts include things like being accident-free for 3 years while you are with State Farm. The discount can increase over time if you continue to have no accidents that are your fault while you are insured with State Farm. You can also get a discount if you take a defensive driving course, or have been a good driver with no accidents for the past 3 years no matter who you’ve been insured with. Young drivers can get discounts if they take approved driving courses, are away at college, and only use the car at breaks, or have good grades. The discount for good grades is quite steep at up to 25%!

Vehicle safety discounts from State Farm are also numerous. You can get a discount if your car is from 1993 or earlier, and has a passive restraint system that works automatically. You can also get a discount for cars from 1994 or later that have certain safety features installs. Finally, if your car has a theft-deterrent of any kind, you could also get a discount!

Finally, if you have more than one car insured with State Farm, you can get a loyalty discount, and the same is true if you have more than one type of insurance with State Farm. Both of these discounts could be as much as 17-20%.

About Geico Auto Insurance

Geico is headquartered in Chevy Chase, Maryland. After State Farm, it is the next largest insurance company for auto coverage in the US! It is popular for many reasons. The company is currently a subsidiary of Warren Buffet’s company Berkshire Hathaway. However, it was founded in 1936 by Leo Goodwin Sr. and his wife, Lillian Goodwin. They wanted to get the best car insurance coverage for government employees. Mr. Goodwin had worked for USAA, which provides insurance services to military service members, and he had a similar vision for government employees. The reason he wanted to start this company is that he assumed government employees would be great candidates for insurance!

In 1974, the company started offering insurance coverage to the general public. In the more recent past, the company has started to offer coverage for all sorts of things including homeowner’s insurance, rental insurance, and other insurance products that people need. Geico typically sells insurance over the phone and online, but there are 150 agent offices throughout the US. Recently the company made history after they decided to start offering insurance coverage for ridesharing freelancers who offer rides via Uber and Lyft.

Geico is well known for its creative advertisements. Their main mascot is a cute gecko who speaks with a British accent. He helps educate users about why Geico is a great company. They also have a caveman character who assures potential customers that signing up for Geico is so simple, even a caveman could do it. However, they are most well known for their slogan that 15 minutes could save you 15% or more on your car insurance.

Geico Discounts and Savings

Geico has a lot of discounts available to users. If you have airbags, anti-lock brakes, anti-theft systems, or daytime headlights, you could save anywhere from 1% up to 40% on your car insurance premiums. Those who have been accident-free for 5 years can save up to 26% on their rates, and those who take defensive driving courses can also save. When you are in college or even high school, if you have good grades and take a driving course, savings will come your way from Geico. 

Geico appreciates military personnel and offers them a lot of discounts. If you are simply in the military or have been in the past, you will get 15% off your car insurance. General federal government employees save 8%. If you go on emergency deployment in the military you could get up to 25% off. As with State Farm, they offer discounts for multiple vehicles insured and multiple types of insurance with the company.

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