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

If you're in the market for a new auto insurance policy, you might be wondering how Texas Farm Bureau and GEICO compare when it comes to the cheapest 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

  • Looking at the national averages for car insurance, Texas Farm Bureau offers significantly more affordable prices than GEICO
  • GEICO may help you save more money -- they offer more discounts than Texas Farm Bureau Insurance


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

So, you're considering switching to 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've maybe even narrowed your search down to GEICO or Texas Farm Bureau as potential options, but between the two, which one will offer you less expensive rates?

GEICO Texas Farm Bureau
$185$139

Looking at the national average rates for both carriers, Texas Farm Bureau has average rates that are around 25% a month cheaper than those from GEICO.

But Texas Farm Bureau may not be the most affordable or best option for each driver out there. Insurance companies use a ton of complex algorithms to determine prices, so depending on how good your credit score is or how old you are (among an array of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average rates from both GEICO and Texas Farm Bureau by many different rate factors, so read on to find out which carrier is the best for you.

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

State GEICO Texas Farm Bureau
TX$171$139

GEICO and Texas Farm Bureau only compete against each other in Texas, where Texas Farm Bureau offers the cheaper average premiums. Texas Farm Bureau drivers tend to pay about $32 per month less on average compared to drivers who use GEICO for their car insurance.

But there's more to calculating auto insurance prices than just where you live. Read on to find out more.


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Which is the Best Company For Young Drivers

GEICO Texas Farm Bureau
18-year-old drivers$369$237
25-year-old drivers$163$148

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers. It's normally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 35% less a month by choosing Texas Farm Bureau over GEICO. It's worth noting that GEICO offers auto insurance in 50 different states compared to Texas Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both carriers, you'll see your prices drop significantly by the time you turn 25. For example, average rates for GEICO policyholders decrease over 55% and Texas Farm Bureau's premiums reduce over that time.

Which is the Best Company for Retired Drivers?

GEICO Texas Farm Bureau
65+-year-old drivers$148$102

Drivers around retirement age typically enjoy some of the lowest car insurance rates you can find. After all, they've likely been driving for quite some time, which generally reduces their chances of collisions and other infractions that can raise prices.

When looking at GEICO and Texas Farm Bureau specifically, which company is best for retired drivers? Texas Farm Bureau gets the edge, with rates for drivers 65 and older $46 more affordable than the national average for GEICO.

Which is the Best Company for Married Drivers?

GEICO Texas Farm Bureau
Single$208$164
Married$154$106

You may not be aware, but insurance prices tend to be more expensive for those who are single than they are for married policyholders. This usually boils down to married couples having more than one vehicle on their policy -- something several auto insurance companies will reward with discounts.

For single drivers, the difference in average premiums between these two carriers is significant, with Texas Farm Bureau prices coming in at a quarter less than GEICO's. The advantage for married drivers with Texas Farm Bureau is also obvious, where drivers save about $50 per month.

GEICO or Texas Farm Bureau: Average Rates by Gender

GEICO Texas Farm Bureau
Male$189$148
Female$181$131

Because women are less likely to get speeding tickets and get into collisions, they run a lower risk of filing a claim with insurance. So, insurance companies will often charge women less than men.

Women usually pay around 4% a month less than men with GEICO, and about 11% less with Texas Farm Bureau.

Looking at overall affordability, Texas Farm Bureau comes out as the most affordable option for both genders. On average, male drivers save about $41 per month and women save around $50 with Texas Farm Bureau compared to the average GEICO policyholder.


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

GEICO Texas Farm Bureau
State Minimum*$101$87
Full Coverage**$269$192

*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.

For most people, insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability limits, Texas Farm Bureau has the edge, with average monthly premiums coming in at $87. If you want a full coverage policy with the same state minimum limits, Texas Farm Bureau again has the edge, with policies averaging about $192 a month to GEICO's $269.

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

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and accidents lead to higher rates, but which carrier -- GEICO or Texas Farm Bureau -- has the lowest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO Texas Farm Bureau
Clean Record$115$71
1 Speeding Ticket$150$71

Policyholders with Texas Farm Bureau auto insurance policies don't report seeing their premiums increase after getting a ticket, but GEICO policyholders can expect to see their monthly bill increase by around 25%.

Even so, Texas Farm Bureau tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering rates that are 38% and 53% cheaper, respectively, compared to GEICO.

Which Company is Best for Drivers After an Accident?

GEICO Texas Farm Bureau
Clean Record$115$71
1 At-Fault Accident$200$114

Both carriers will increase premiums pretty significantly if you get into an at-fault collision with GEICO raising by about 43%. Texas Farm Bureau has a less extreme climb, but you can still expect to pay nearly 40% more than you were prior to your first accident.

At the end of the day, drivers who use Texas Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $114 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

GEICO Texas Farm Bureau
Clean Record$115$71
1 DUI$275$300

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your car insurance bill. For example, Texas Farm Bureau increases average rates by nearly $250 per month -- that's more than a 75% increase.

GEICO has the overall cheapest premiums for drivers with a DUI on their records at $275 monthly, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Texas Farm Bureau, so the data may be skewed slightly.


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How does Credit Score Impact GEICO and Texas Farm Bureau Rates?

Often times, your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it does affect quite a few drivers out there.

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

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

Which Company is Best for Drivers with Good Credit?

GEICO Texas Farm Bureau
Excellent Credit Score$131$61
Good Credit Score$164$108

If you have solid credit, Texas Farm Bureau will usually reward you the most. For policyholders with "excellent" credit scores, Texas Farm Bureau comes in just under 53.44 more affordable. Drivers with "good" credit scores typically save around 34% with Texas Farm Bureau compared to average premiums from GEICO.

Which Company is Best for Drivers with Bad Credit?

GEICO Texas Farm Bureau
Fair Credit Score$197$147
Poor Credit Score$253$242

Texas Farm Bureau typically offers lower rates than GEICO when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 25% a month less with Texas Farm Bureau compared to GEICO, and those with "poor" scores normally save an average of around 4% a month.


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

GEICO Texas Farm Bureau
6,000 Annual Miles$181$139
12,000 Annual Miles$189$139

The amount of time you spend behind the wheel of your car plays a big role in your monthly prices. Typically, the more milage you put on your car each year, the more you can expect to pay for coverage.

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

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

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a sizable impact as well. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer vehicles on the roads where they live.

GEICO Texas Farm Bureau
Urban Areas$211$158
Suburban Areas$185$128
Rural Areas$159$132

Texas Farm Bureau boasts the cheapest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

In urban areas, Texas Farm Bureau's average premiums are around $158 while GEICO offers rates about $211. Drivers in suburban ZIP codes pay around $128 with Texas Farm Bureau compared to GEICO's $185 per month. Those in rural areas can expect to pay about $132 monthly with Texas Farm Bureau compared to GEICO's $159.

GEICO vs. Texas Farm Bureau Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many car insurance discounts as possible.

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 qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both GEICO and Texas Farm Bureau so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

GEICO Texas Farm Bureau
ABS Discount 
Academic 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

GEICO knocks Texas Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 22 more discounts than Texas Farm Bureau.

A couple of those are overlapping for things like discounts for getting driver training, discounts for insuring multiple cars with the same company, and passive restraint discounts. GEICO also offers discounts for ABS, anti-theft, commercial drivers license, and more.

On the other hand, Texas Farm Bureau has a proprietary discount of their own -- a academic discounts.


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

So, we've broken down the average premiums for many of the variables auto insurance carriers look at, and walked through the different discounts each company offers, too. But, at the end of the day, is GEICO or Texas Farm Bureau the right carrier for you, your vehicle, and your wallet?

GEICO is best for you if....


Texas Farm Bureau is best for you if...

Hopefully, this guide helps you get a good idea of the differences between GEICO and Texas Farm Bureau and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just GEICO and Texas Farm Bureau. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code 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. Texas Farm Bureau FAQs

Is GEICO or Texas Farm Bureau cheaper?

Texas Farm Bureau is the less expensive of the two companies when looking at national average prices, with policies averaging $139 per month with Texas Farm Bureau and $185 for GEICO.

Who is better, GEICO or Texas Farm Bureau?

Sadly, the only answer we can give you is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Texas Farm Bureau is more affordable for drivers with excellent credit, while GEICO offers less expensive rates for drivers with a recent DUI.

Why do GEICO and Texas Farm Bureau offer me different rates?

Insurance carriers use a lot of different factors when determining the premiums they charge. Things like where you park your car, gender, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and Texas Farm Bureau use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the car insurance carrier 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 ZIP code 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 rate. And maybe you'll find that the best company for you isn't GEICO or Texas 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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