GEICO vs. South Carolina Farm Bureau: Which Company is Better in 2022?

If you're in the market for a new insurance policy, you might be wondering how South Carolina Farm Bureau and GEICO compare when it comes to the lowest premiums and biggest discounts. To find out which of these companies is the best fit for you and your wallet, check out our newest guide below.
Newly insured car driving down the road
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Quick Facts

  • In general, South Carolina Farm Bureau offers significantly less expensive prices than GEICO
  • GEICO may help you save more money -- they offer more discounts than South Carolina Farm Bureau Insurance


GEICO or South Carolina Farm Bureau: Which Company has the Cheapest Car Insurance?

Are you considering a new auto insurance policy? After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You might have narrowed it down to GEICO or South Carolina Farm Bureau as potential options, but which company will save you the most?

GEICO South Carolina Farm Bureau
$185$111

Looking at nationwide averages, GEICO is quite a bit more expensive than South Carolina Farm Bureau, with rates averaging $185 a month compared to just $111 with South Carolina Farm Bureau.

However, that doesn't mean South Carolina Farm Bureau will necessarily be more affordable than GEICO for each driver. Car insurance carriers vary their premiums depending on things like how old you are, how good your credit score is, where you live, how clean your driving record is, and a variety of other factors. So, at the end of the day, prices from every carrier will differ quite a bit from person to person.

So, if you want to find out which of GEICO or South Carolina Farm Bureau is really the best for you, keep reading to see average rates for each company broken down by several different rate factors.

GEICO vs. South Carolina Farm Bureau: Average Car Insurance Rates by State

State GEICO South Carolina Farm Bureau
SC$127$111

GEICO and South Carolina Farm Bureau only compete against each other in South Carolina, where South Carolina Farm Bureau offers the cheaper average prices. South Carolina Farm Bureau drivers tend to pay about $16 per month less on average compared to drivers who use GEICO for their insurance.

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how insurance companies determine your premiums. Read on to find out more.


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Which is the Best Company For Young Drivers

GEICO South Carolina Farm Bureau
18-year-old drivers$369$222
25-year-old drivers$163$115

You might already know that teen drivers normally pay a lot more for auto insurance than any other group of drivers out there on the road. Usually, that's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use South Carolina Farm Bureau save almost 40% a month compared to those who use GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to South Carolina Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

But with both carriers, you'll see your premiums decrease significantly by the time you turn 25. South Carolina Farm Bureau offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. GEICO's average rates drop over 55% during that same period.

Which is the Best Company for Retired Drivers?

GEICO South Carolina Farm Bureau
65+-year-old drivers$148$75

Drivers around retirement age generally enjoy some of the most affordable insurance prices out there. After all, they've likely been driving for quite some time, which typically reduces their chances of collisions and other infractions that can raise premiums.

When looking at GEICO and South Carolina Farm Bureau specifically, which carrier is best for retired drivers? South Carolina Farm Bureau gets the edge, with prices for drivers 65 and older cheaper than the national average for GEICO.

Which is the Best Company for Married Drivers?

GEICO South Carolina Farm Bureau
Single$208$131
Married$154$85

Those who are single tend to get offered slightly more expensive car insurance rates than married policyholders. That's usually because married couples tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two companies is significant, with South Carolina Farm Bureau prices coming in at a third less than GEICO's. For married drivers, the advantage is clear again - South Carolina Farm Bureau has the edge when it comes to average rates.

GEICO or South Carolina Farm Bureau: Average Rates by Gender

GEICO South Carolina Farm Bureau
Male$189$114
Female$181$108

You may not know, but auto insurance is typically cheaper for women than it is for men. That's because men are more likely to get speeding tickets and get into collisions, which increases the chances of filing a claim with insurance.

On average, men see premiums around $10 per month higher with GEICO, and about $6 more with South Carolina Farm Bureau.

Looking at the data for each company specifically, South Carolina Farm Bureau offers the cheapest average prices for both men and women, with average rates 40% less for men and 40% cheaper for women.


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GEICO vs. South Carolina Farm Bureau: Compare State Minimum vs. Full Coverage Rates

GEICO South Carolina Farm Bureau
State Minimum*$101$78
Full Coverage**$269$144

*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.

Insurance can be a complicated subject for most people. There are many different coverages that account for lots of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with a liability policy).

Looking specifically at state minimum liability insurance, South Carolina Farm Bureau has the edge, with average monthly prices coming in at $78. If you want a full coverage policy with the same state minimum limits, South Carolina Farm Bureau again has the edge, with policies averaging around $144 a month to GEICO's $269.

Is GEICO or South Carolina Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

At-fault accidents and speeding tickets will most likely raise your rates, but is GEICO or South Carolina Farm Bureau more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO South Carolina Farm Bureau
Clean Record$115$95
1 Speeding Ticket$150$107

Policyholders who use GEICO for their insurance can generally expect their monthly bill to go up about 23% after getting a speeding ticket. South Carolina Farm Bureau policyholders can expect a less drastic increase of around 11%.

Even so, South Carolina Farm Bureau has cheaper premiums for drivers in both categories, offering rates that are 17% and 29% less expensive, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

GEICO South Carolina Farm Bureau
Clean Record$115$95
1 At-Fault Accident$200$125

After an accident, drivers who have their auto insurance through GEICO can expect to see about an $85 -- or around 43% -- rise in their car insurance prices. Drivers who use South Carolina Farm Bureau for their auto insurance will see a monthly bill about $30 (or 24%) more expensive after reporting a collision to their car insurance carrier.

At the end of the day, South Carolina Farm Bureau offers the lowest rates for drivers with an at-fault collision on their records, with average prices coming in at $125 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

GEICO South Carolina Farm Bureau
Clean Record$115$95
1 DUI$275$116

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. For example, GEICO increases average premiums by more than $150 per month -- that's nearly a 60% increase.

South Carolina Farm Bureau has the overall most affordable rates for drivers with a DUI on their records at $116 per month, but it's worth noting that GEICO's average rates come from 50 states compared to just one for South Carolina Farm Bureau, so the data may be skewed slightly.


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How does Credit Score Impact GEICO and South Carolina Farm Bureau Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly auto insurance prices. This isn't true for everyone (for example, California and Hawaii are two states that ban the practice entirely), but it might come into play for several drivers.

The reasoning insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with more affordable premiums.

So, which company offers the best prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

GEICO South Carolina Farm Bureau
Excellent Credit Score$131$75
Good Credit Score$164$94

If you have a great credit score, South Carolina Farm Bureau will typically reward you the most. For policyholders with "excellent" credit scores, South Carolina Farm Bureau comes in just under 42.75 less expensive. Drivers with "good" credit scores normally save around 43% with South Carolina Farm Bureau compared to average premiums from GEICO.

Which Company is Best for Drivers with Bad Credit?

GEICO South Carolina Farm Bureau
Fair Credit Score$197$110
Poor Credit Score$253$164

South Carolina Farm Bureau typically offers lower rates than GEICO when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 44% a month less with South Carolina Farm Bureau compared to GEICO, and those with "poor" scores generally save an average of around 35% monthly.


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Is GEICO or South Carolina Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

GEICO South Carolina Farm Bureau
6,000 Annual Miles$181$111
12,000 Annual Miles$189$111

The amount of time you spend behind the wheel of your car plays a big role in your monthly car insurance payment. That's because the fewer miles you put on your vehicle each year, the less likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much South Carolina Farm Bureau charges. However, there's a small difference in monthly premiums for GEICO, with policyholders who drive 6,000 miles yearly paying about $8 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, South Carolina Farm Bureau is the cheaper carrier.

GEICO or South Carolina Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a large role in how much you pay for auto insurance. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

GEICO South Carolina Farm Bureau
Urban Areas$211$115
Suburban Areas$185$103
Rural Areas$159$114

South Carolina Farm Bureau tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, South Carolina Farm Bureau Insurance's average premiums are around $96 less than GEICO. People who live in suburban areas pay about $82 less with South Carolina Farm Bureau compared to GEICO. Those in rural areas can expect to save around $45 with South Carolina Farm Bureau compared to GEICO.

GEICO vs. South Carolina Farm Bureau Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both GEICO and South Carolina Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the largest savings.

GEICO South Carolina Farm Bureau
ABS Discount 
Anti-Theft Discount 
Commercial Drivers License Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Deployed Driver Discount 
Distant Student Discount
Driver Training Discount
DRL Discount 
EFT Discount 
Employee Discount 
Full Coverage Discount 
Good Driving Discount 
Good Student Discount
Group Discount 
Mature Driver Discount 
Military Discount 
Multi-Car Discount 
Multi-Policy Discount
New Vehicle Discount 

GEICO blows South Carolina Farm Bureau away when it comes to the sheer amount of discounts available, offering 23 more discounts than South Carolina Farm Bureau.

There are a couple discounts both carriers offer, but GEICO also offers discounts for ABS, anti-theft, commercial drivers license, and more.

South Carolina Farm Bureau's discounts come through just a few categories, including Defensive Driver, Distant Student, Driver Training, and more.


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Final Thoughts: Is GEICO or South Carolina Farm Bureau Best for You?

So, you've seen how different factors can affect your insurance prices. We've shown you all the discounts each company offers, too. That's all well and good, but at the end of the day, which insurance carrier is the right one for you and your specific needs?

GEICO is best for you if....


South Carolina Farm Bureau is best for you if...

Hopefully, this guide has ben a valuable resource as you compare GEICO and South Carolina Farm Bureau and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just GEICO and South Carolina Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.


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GEICO vs. South Carolina Farm Bureau FAQs

Is GEICO or South Carolina Farm Bureau cheaper?

South Carolina Farm Bureau is the more affordable of the two companies when looking at national average rates, with policies averaging $111 per month with South Carolina Farm Bureau and $185 for GEICO.

Who is better, GEICO or South Carolina Farm Bureau?

Unfortunately, the only answer we can give you is "it depends.". No one company is necessarily "better" for each policyholder -- it all boils down to your unique car insurance profile.

Why do GEICO and South Carolina Farm Bureau offer me different rates?

Auto insurance carriers use many different variables when determining the prices they charge. Things like age, gender, your driving record, where you park your car, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and South Carolina Farm Bureau calculate premiums differently, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from a variety of different companies.

How do I know if GEICO or South Carolina Farm Bureau is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't GEICO or South Carolina Farm Bureau at all, but another you hadn't even thought of!


Methodology

All data in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of data to determine all of the average rates referenced above. All data is reported by each carrier to statewide insurance bureaus and is up-to-date as of July 1, 2021.

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