Comparing State Farm vs. Geico vs. Progressive vs. Allstate vs. Farmers

How the biggest car insurance companies compare with each other

The cost of auto insurance varies by insurance provider, amount of coverage and the personal characteristics of the policyholder. For example, a person’s driving history and age can result in much higher premiums if they’ve been in an accident or are in their teens.

Below, ValuePenguin compares the cost of car insurance from State Farm, Geico, Allstate, Progressive and Farmers for different types of people, including those seeking policies with lower limits, those with an accident, those with poor credit and teenage drivers.

Geico vs. Progressive

Compared to Progressive, Geico is the more affordable insurer for most types of drivers. For those seeking minimum coverage car insurance, the costs are nearly the same. However, the gap between Geico and Progressive grows for other drivers, reaching more than $3,000 at its greatest for teenage drivers seeking full coverage.

Coverage

Geico

Progressive

Minimum coverage car insurance$780$782Full coverage$2,017$2,313Full coverage with one accident$3,194$3,559Full coverage for drivers with poor credit$2,386$3,222Full coverage for young drivers$5,340$8,384

State Farm vs. Geico

State Farm tends to offer cheaper coverage than Geico for most people. However, Geico’s rates are more affordable for drivers with poor credit. ValuePenguin’s analysis shows that Geico’s rates for these drivers are $293 cheaper per year than State Farm’s.

Coverage

State Farm

Geico

Minimum coverage car insurance$597$780Full coverage$1,589$2,017Full coverage with one accident$1,979$3,194Full coverage for drivers with poor credit$2,679$2,386Full coverage for young drivers$4,517$5,340

Allstate vs. Geico

Our initial breakdown concluded that Allstate was more expensive on average for most drivers than State Farm, Geico, Progressive and Farmers. For other drivers, Allstate remains expensive. Geico remains cheaper for young drivers and policyholders with different backgrounds and coverage limits.

Coverage

Allstate

Geico

Minimum coverage car insurance$1,135$780Full coverage$3,405$2,017Full coverage with one accident$5,227$3,194Full coverage for drivers with poor credit$3,853$2,386Full coverage for young drivers$9,133$5,340

State Farm vs. Farmers

We found that State Farm tends to be a much more affordable option for most people than Farmers. For a minimum coverage policy, State Farm is 46% cheaper than its competitor. Drivers with poor credit may get the most comparable deal with Farmers, but its quotes are still 33% higher than State Farm’s.

Coverage

State Farm

Farmers

Minimum coverage car insurance$597$1,107Full coverage$1,589$3,582Full coverage with one accident$1,979$5,031Full coverage for drivers with poor credit$2,679$3,567Full coverage for young drivers$4,517$7,777

State Farm vs. Allstate

State Farm is cheaper than Allstate for all of the types of drivers included in this survey. Even at its most expensive — car insurance for young drivers — State Farm is still 51% cheaper than its competitor, which offers these shoppers rates higher than $9,000 per year.

Coverage

State Farm

Allstate

Minimum coverage car insurance$597$1,135Full coverage$1,589$3,405Full coverage with one accident$1,979$5,227Full coverage for drivers with poor credit$2,679$3,853Full coverage for young drivers$4,517$9,133

Allstate vs. Progressive

Progressive tends to have cheaper car insurance than Allstate for many different types of drivers. However, drivers with poor credit and young drivers might consider either insurer. Drivers with poor credit were quoted rates by Allstate that were only 19% higher than those from Progressive, while the cost of car insurance for young drivers is only 9% more expensive at Allstate.

Coverage

Allstate

Progressive

Minimum coverage car insurance$1,135$782Full coverage$3,405$2,313Full coverage with one accident$5,227$3,559Full coverage for drivers with poor credit$3,853$3,222Full coverage for young drivers$9,133$8,384

State Farm vs. Progressive

On average, State Farm is 32% cheaper than Progressive. Young drivers may find the best bargain with State Farm, which offers rates that are $3,867 cheaper. Likewise, the cost of insurance for a driver with one prior accident is 46% cheaper with State Farm than Progressive.

Coverage

State Farm

Progressive

Minimum coverage car insurance$597$782Full coverage$1,589$2,313Full coverage with one accident$1,979$3,559Full coverage for drivers with poor credit$2,679$3,222Full coverage for young drivers$4,517$8,384