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Geico vs State Farm Life Insurance

Geico and State Farm are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Geico and State Farm. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both Geico and State Farm.
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
  • YEAR FOUNDED
    1936
  • CURRENT CEO
    Bill Roberts
  • AVAILABLE
    All 50 States
  • ADDRESS
    Chevy Chase, MD
  • TOP AWARDS

    Employer Support of the Guard and Reserve (ESGR)

    Top Company for Women Technologists

  • PROS
    • Great financial stability
    • Wide range of products
  • CONS
    • Their life insurance is handled by Life Quotes, Inc.
    • Customers do not deal directly with Geico.

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE State Farm Geico
JD Power 5/5 N/A
BBB A- B+
AM Best A++ A++
Moody's Aa1 N/A
Fitch N/A AA-
Standard & Poor AA AA+
Comdex Score 98 89
SOURCE State Farm Geico
Total Assets $160.732 billion $32 billion
Life Insurance in Force $901.7 billion N/A
State Farm Geico
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
State Farm Geico
Select Term 10, 20, 30
Return of Premium 20, 30
Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.