Florida Farm Bureau Insurance vs Geico: Difference and Comparison

As life can take unexpected turns, it is expected of one to be prepared for any financial or accidental losses. Insurances are in effect to manage any unexpected risks.

Key Takeaways

  1. Florida Farm Bureau Insurance offers coverage exclusively in Florida, while GEICO is available nationwide.
  2. Florida Farm Bureau Insurance focuses on serving farmers and ranchers, while GEICO caters to a wider range of customers.
  3. Florida Farm Bureau Insurance is a non-profit organization, whereas GEICO is a for-profit company.

Florida Farm Bureau Insurance vs Geico

The difference between Florida farm bureau insurance and Geico is that Geico is a well-known American insurance company that offers its services around the country, and the Southern Farm Bureau Casualty Insurance Group’s popular subsidiary in Florida is Florida Farm Bureau Insurance. The services provided by both of them have a few differences.

Florida Farm Bureau Insurance vs Geico

Florida Farm Bureau Insurance is a reputed insurance company that operates in the state of Florida, United States of America.

Government Employees Insurance Company or commonly known as Geico, is a nationwide famous auto insurance company. It is also a wholly-owned subsidiary of the popular conglomerate Berkshire Hathaway.

Comparison Table

Parameters of ComparisonFlorida Farm Bureau InsuranceGeico
SubsidiaryThe brand Southern Farm Bureau Casualty Insurance Group in the United States completely owns this particular company as its subsidiary.Geico, the nationwide insurance company, has also been a wholly-owned subsidiary of the popular conglomerate Berkshire Hathaway since the year 1996.
DiscountsSafe driver, good student, multiple vehicles, and younger driver training are the factors to qualify for the discount in Florida Farm Bureau Insurance.Along with the aforementioned, Geico also provides discounts on insurance for multiple policies, vehicle safety, federal employee, and many more.
AvailabilityFlorida Farm Bureau Insurance is only provided for the residents of the state of Florida and is not allowed to other American states.Geico insurance is provided across the United States of America. 50 states in the federal are eligible to avail his auto insurance.
CoverageThis Florida Farm Bureau Insurance provides coverage in situations of collision, bodily injury liability, personal injury protection, and medical payments.Apart from the aforementioned, Geico insurance covers roadside assistance, rental car reimbursement, accidental forgiveness insurance, comprehensive and property damage liability.
Unique coverageIt provides pet injury coverage where up to 500 dollars will be reimbursed for a pet injured in a covered car accident.In Geico insurance, drivers of cab services like Uber will be covered while driving around to pick or drop the passengers.

 What is Florida Farm Bureau Insurance?

The Farm Bureau Insurance of the state of Florida is the most popular auto insurance available in Florida.

Also Read:  DJIA vs NASDAQ: Difference and Comparison

The star brand insurance group named, Southern Farm Bureau Casualty Insurance Group owns this particular company in the role of its subsidiary.

Southern Farm Bureau Casualty Insurance Group was also committed to providing a better customer care service than any other insurance group.

The Farm Bureau Insurance company of the state of Florida provides auto insurance within Florida. It is limited to the residents of Florida state and is serviced by agents living in every county of the state.

According to the reviews, Florida Farm Bureau Insurance seems to have higher customer reviews, but there are complaints of dissatisfaction with agents by long-term customers.

What is Geico?

Government Employees Insurance Company is the abbreviation of the term Geico. The company Geico is a completely owned subsidiary of the business conglomerate Berkshire Hathaway.

It was founded in the year 1936 by Leo Goodwin and Lillian Goodwin. Geico has been in a consistent effort to address the concerns of the customers and help them choose the right and apt insurance plan.

The Geico company works in all 50 states and remains the second-most famous and popularly used auto insurance provider in the United States.

Geico is also one of the most suggested and critically acclaimed insurance providers by experts. Better Business Bureau, a popular expert reviewer, has rated Geico with an A+, and AM Best has rated Geico with an A++.

Main Differences Between Florida Farm Bureau Insurance and Geico

  1. There are discounts provided for the Florida Farm Bureau Insurance to a safe driver and good student. There are some other discounts for Geico insurance, like multiple policies and vehicle safety.
  2. Florida Farm Bureau Insurance company is rated highly by the customers. Geico insurance is rated better by expert insurers.  
References
  1. https://doi.org/10.1108/10878570710833741
  2. https://doi.org/10.1086/466933
Also Read:  GAAP vs IFRS Income Statements: Difference and Comparison

Last Updated : 14 August, 2023

dot 1
One request?

I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️

26 thoughts on “Florida Farm Bureau Insurance vs Geico: Difference and Comparison”

  1. The detailed description of Florida Farm Bureau Insurance and Geico effectively identifies the unique aspects making each company stand out.

    Reply
    • The comprehensive information offered here is beneficial in understanding the distinctive offerings of each insurance company.

      Reply
    • It’s impressive how this article encompasses the key differences while maintaining a clear and concise portrayal of both insurance providers.

      Reply
  2. The well-researched comparison table accurately distinguishes between the services, coverage, and availability of both insurance companies.

    Reply
  3. The reader is given a clear and precise account of the unique facets of Florida Farm Bureau Insurance and Geico, helping make informed decisions.

    Reply
  4. The article’s well-researched content efficiently highlights the specific and distinct insurance offerings, guiding readers in selecting an insurance company that suits their requirements.

    Reply
    • The detailed comparisons and clearly defined parameters are beneficial for making a well-informed decision regarding insurance selection.

      Reply
    • Informative and concise, this article is instrumental in helping readers understand the unique features of Florida Farm Bureau Insurance and Geico.

      Reply
  5. This article effectively highlights the core differences between Florida Farm Bureau Insurance and Geico, offering readers a comprehensive understanding of the two companies.

    Reply
    • The distinct availability of these insurance options, highlighted here, provides valuable insight for potential customers.

      Reply
    • It’s essential to understand not just the coverage, but also unique offerings like pet injury coverage by Florida Farm Bureau Insurance, a standout feature.

      Reply
  6. An insightful overview defining the distinctions between Florida Farm Bureau Insurance and Geico, ensuring clarity for prospective clients.

    Reply
    • This article is useful, especially in understanding that Florida Farm Bureau Insurance is confined to Florida residents and how Geico offers nationwide services.

      Reply
  7. A well-presented analysis assisting readers in comprehending the differences in customer focus, coverage, and availability offered by these two companies.

    Reply
    • The information presented is comprehensive yet concise, making it easier for customers to identify the insurance provider aligned with their needs.

      Reply
    • Absolutely, the detailed explanations of Florida Farm Bureau Insurance and Geico enable readers to make informed decisions based on individual preferences.

      Reply
  8. It’s interesting to note how coverage differs between the two insurance companies, catering to specific needs of different customer groups.

    Reply
    • Absolutely, Florida Farm Bureau Insurance’s focus on farmers and ranchers is quite unique and tailored to the specific lifestyle.

      Reply
  9. An intelligent comparison that educates readers on the specific aspects of each insurance company, facilitating well-informed decisions.

    Reply
    • Indeed, this article provides valuable insights into the unique features and availability of both Florida Farm Bureau Insurance and Geico.

      Reply

Leave a Comment

Want to save this article for later? Click the heart in the bottom right corner to save to your own articles box!