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Compare GEICO vs. State Farm Renters Insurance

What’s the difference between GEICO Renters Insurance and State Farm Renters Insurance? See how our editors compare the two companies below.
Last Updated: April 05, 2024
GEICO Renters Insurance
4.0 / 5 - Very good
no_rank
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State Farm
3.8 / 5 - Very good
#5 in Renters Insurance
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Key Facts

  • Quick and easy online quotes and claims
  • Multi-policy discounts for auto and renters
  • Liability coverage with medical payments
  • 24-hour support online or by phone
  • A convenient mobile app and virtual assistant
  • Instant online quote - Rated Aa1 by Moody's and AA by Standard & Poor's
  • Discount for renters and auto insurance bundles
  • Policies start at $150/year
  • Additional coverages available for waterbeds and identity restoration
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OVERALL RATINGS

 GEICOState Farm
Coverage Options4.0/53.5/5
Add-Ons & Discounts4.0/54.0/5
Customer Service3.5/53.5/5
Financial Strength4.5/54.0/5

Coverage Compared

 GEICOState Farm
Basic Coverage
Personal Property
Personal Liability
Personal Property
Personal Liability
Optional Coverage
Identity Theft Restoration
Scheduled Coverage
Identity Theft Restoration
Roommate / Additional Insured Individuals
Property Valuation Methods
Replacement Cost
Replacement Cost

Exclusions

State Farm Renters Insurance does not cover: damage caused by floods, earthquakes, or mudslides; bodily injury or property damage intentionally caused by the policyholder; business activities; aircraft, motor vehicles, and some watercraft.

Coverage Fine Print

Back-up of sewers and drains Business Pursuits Depreciated Loss Settlement Provision Incidental Business Limited Replacement Cost Settlement Loss Assessment Nurses' Professional Liability Off Premises Structures Other Structures - Increased Limits Personal Injury Liability Rental Personal Property Roof Surfaces Vacancy Endorsement

Pricing & Discounts

 GEICOState Farm
Property-Level Discounts
Burglary Protected
Sprinkler System
Burglary Protected
Fire Protection
Sprinkler System

Discounts Fine Print

Customer Experience

Customer Ratings

 GEICOState Farm
TrustPilot Rating
3.4 out of 5
3.5 out of 5
BBB Rating
B+
A-

National Association of Insurance Commissioners

 GEICOState Farm
NAIC Complaint Ratio
0.0
0.35
NAIC Total Complaints
0
435
*The NAIC complaint ratio (in this case 0.0) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.
*The NAIC complaint ratio (in this case 0.35) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Financial Strength Ratings

 GEICOState Farm
Underwriter
GEICO Corporation
STATE FARM FIRE & CAS CO
Standard & Poor's Financial Rating
AA
AA
Moody's Financial Rating
Aa3
Aa1
AM Best Financial Rating
A++
A++
Company Type
Underwriter
Underwriter
*The above information reflects the financial strength of the underwriter of the GEICO renters insurance policies: GEICO Corporation.
*The above information reflects the financial strength of the underwriter of the State Farm renters insurance policies: STATE FARM FIRE & CAS CO.

Contact & Additional Information

 GEICOState Farm
Homepage URL
https://www.geico.com/
https://www.statefarm.com/
Company Phone
(800) 207-7847
(800) 782-8332
Headquarters Address
One GEICO Plaza, Washington, DC
One State Farm Plaza, Bloomington, IL, 61710
Year Founded
1936
1922

Final Verdict

GEICO Renters Insurance has a higher overall rating than State Farm Renters Insurance. GEICO scores better than State Farm across: Coverage Options, and Financial Strength. Both companies score similarly on Add-Ons & Discounts, and Customer Service.

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4.8 / 5 - Excellent
#1 in Renters Insurance
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