First American Property & Casualty vs. GEICO: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, First American Property & Casualty offers slightly cheaper premiums than GEICO
• First American Property & Casualty offers more affordable prices for drivers with a DUI charge on their record
• GEICO has more affordable rates for drivers who have less-than-stellar credit

First American Property & Casualty vs. GEICO: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to First American Property & Casualty or GEICO, but which company will save you the most?

As you can see, First American Property & Casualty is about $18 per month less expensive than GEICO when looking at the national average rates for insurance.

However, First American Property & Casualty may not be the cheapest or best option for every single driver out there. Auto insurance companies use a ton of complex algorithms to calculate premiums, so depending on how good your credit score is or how clean your driving record is (among lots of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both First American Property & Casualty and GEICO by several different rate factors, so read on to find out which carrier is the best for you.

First American Property & Casualty or GEICO: Average Car Insurance Rates by State

First American Property & Casualty and GEICO only compete against each other in California, where GEICO offers the cheaper average rates. For California residents, GEICO offers car insurance for $142 per month on average. First American Property & Casualty's average prices come out to be over 15% more expensive, at $167 a month.

There are plenty of other factors that go into your auto insurance bill than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for insurance than any group on the road. That's generally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have First American Property & Casualty for their car insurance pay $10 less than those who use GEICO.

That being said, with both carriers, you'll see your prices reduce significantly once you turn 25. For example, average premiums for First American Property & Casualty policyholders lower more than 55% and GEICO's rates decrease over 55% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you can find.

When looking at First American Property & Casualty and GEICO specifically, which company is best for retired drivers? First American Property & Casualty gets the edge here, with average prices coming in at around $121 monthly compared to GEICO's $148.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for single policyholders than they are for married couples. That's normally because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, the two companies are comparable for those who are single, with premiums only differing about $15 a month, on average. The advantage for married policyholders is more obvious, where drivers who use First American Property & Casualty save nearly $25 per month.

First American Property & Casualty vs. GEICO: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to insurance men will usually end up paying a little more.

Men and women get the same monthly prices with First American Property & Casualty, and around $10 with GEICO.

When it comes to the most affordable premiums for each gender, First American Property & Casualty comes out on top for both men and women. On average, women save about $14 a month and men save about $22 with First American Property & Casualty compared to the average GEICO policyholder.

First American Property & Casualty or GEICO: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that auto insurance can be a complicated subject for most people. There are multiple different coverages that account for a variety of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which generally refers to having comprehensive and collision coverages in addition to what you get with liability coverage).

If you're looking for state minimum liability limits, First American Property & Casualty usually offers significantly cheaper prices of $70 compared to GEICO's $101. When it comes to full coverage policies with similar limits, First American Property & Casualty again has the edge, with policies around $6 per month more affordable than GEICO, on average.

Is First American Property & Casualty or GEICO Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with accidents and tickets on your record, but which of these two carriers offers the cheapest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

First American Property & Casualty policyholders can expect their prices to go up an average of $26 a month if they get a ticket, while GEICO typically raises premiums about $35 per month, on average.

If you have a clean record, GEICO tends to offer the best rates at around 3% less expensive, while First American Property & Casualty has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

First American Property & Casualty drivers who get in an accident can expect to see their premiums rise by over $25, while those who have insurance through GEICO will see about a $85 increase.

Overall, drivers who use First American Property & Casualty end up with the cheaper prices after an accident, with monthly prices averaging $145 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your insurance bill. GEICO drivers usually see a 58% raise in their car insurance rates after a DUI charge, while First American Property & Casualty will normally climb premiums by around 54%.

How does Credit Score Impact First American Property & Casualty and GEICO Rates?

Did you know that many auto insurance companies take into account your credit score when calculating rates? This isn't always the case (for example, Hawaii and Massachusetts are two states that ban the practice entirely), but it does affect several policyholders out there.

Insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking at First American Property & Casualty and GEICO specifically, which carrier has the lowest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

You'll often be rewarded if you have stellar credit. Jumping from a "good" credit score to an "excellent" one will usually save GEICO customers about 20%. Because First American Property & Casualty, doesn't have data available for credit scores, they most likely don't use credit to calculate your premiums.

Which Company is Best for Drivers with Bad Credit?

Having bad credit normally means you'll also see higher rates with GEICO. As you can see, GEICO customers with poor credit scores pay around 20% a month more than those with fair scores (and even more compared to drivers with good or excellent scores). Because First American Property & Casualty doesn't have data available for credit scores, they may have better prices for drivers with bad credit over GEICO.

Is First American Property & Casualty or GEICO Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly car insurance payment. Typically, those who drive fewer miles will end up with more affordable rates since there's less of a chance of getting into a collision and causing an insurance claim.

Looking specifically at First American Property & Casualty and GEICO, First American Property & Casualty is the cheaper option for people who work from home, while First American Property & Casualty has better premiums for those with short commutes. GEICO's average prices for drivers with 6,000 annual miles come in $40 more expensive than First American Property & Casualty. Those who drive 12,000 miles annually can expect to pay $3 more with First American Property & Casualty over GEICO.

First American Property & Casualty vs. GEICO: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a large impact on your monthly auto insurance cost. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

When comparing these two companies side-by-side, First American Property & Casualty typically comes out as the less expensive option for drivers in rural and urban areas, while GEICO wins in suburban areas.

Those in rural areas can expect to pay about $140 a month with First American Property & Casualty and $159 with GEICO. Drivers in suburban ZIP codes pay around $185 with GEICO compared to First American Property & Casualty's $188 monthly. For drivers in urban ZIP codes, First American Property & Casualty's average rates are about $172 per month compared to GEICO's $211.

First American Property & Casualty vs. GEICO Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

But with what seems like a million different discounts out there, it can be difficult to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Below, we've broken down all of the different discounts offered by both First American Property & Casualty and GEICO so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

GEICO knocks First American Property & Casualty out of the park when it comes to the sheer number of discounts available, offering 28 different discounts to First American Property & Casualty's 28.

Both carriers offer lots of the same discounts -- like anti-theft discounts, discounts for being a good driver, group discounts, and multi-policy discounts -- but GEICO also offers ABS discounts, commercial drivers license discounts, COVID-19 relief discount, and more that First American Property & Casualty does not.

On the flip side, First American Property & Casualty has a unique discount of its own -- a renewal discounts.

Final Thoughts: Is First American Property & Casualty or GEICO Best for You?

So, we've broken down the average premiums for many of the factors insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, is First American Property & Casualty or GEICO the best carrier for you, your vehicle, and your wallet?

First American Property & Casualty might be best for you if....

• You're single and purchasing car insurance by yourself.
• You're looking for more protection with "full coverage" insurance.
• You are over 65 years old and want to save some money on your auto insurance.

GEICO might be best for you if...

• You have a clean record.
• Your credit is below-average.
• You live in an suburban area.

We hope this guide helps you get a good idea of the differences between First American Property & Casualty and GEICO. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just First American Property & Casualty and GEICO. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance companies in your area, all for free.

First American Property & Casualty vs. GEICO FAQs

Is First American Property & Casualty or GEICO cheaper?

Looking just at the national average prices, First American Property & Casualty is the cheaper of the two carriers, offering average rates of $167 a month compared to $185 for GEICO. But First American Property & Casualty won't necessarily be the most affordable carrier for everyone, since there are a bunch of different variables that come into play when it comes to your car insurance payment.

Who is better, First American Property & Casualty or GEICO?

Unfortunately, the answer truly is "it depends.". No single company is "better" for every driver -- it all comes down to what your unique auto insurance profile looks like. For example, First American Property & Casualty offers less expensive premiums for drivers with a recent DUI, while GEICO is more affordable for drivers with excellent credit.

Why do First American Property & Casualty and GEICO offer me different rates?

Insurance companies take a look at many different factors when determining the rates they charge policyholders. Things like gender, where you live, your driving record, age, and sometimes even things like your credit score can all be taken into consideration. Both First American Property & Casualty and GEICO calculate prices using different variables, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from lots of different carriers.

How do I know if First American Property & Casualty or GEICO is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the most affordable premium. And who knows, the best carrier for you might not be First American Property & Casualty or GEICO at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.