Difference Between Florida Farm Bureau Insurance and Geico

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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 the 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.

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 the Florida state and is serviced by the 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 of addressing 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 of 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
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