GEICO and Foremost are large national insurance companies that write policies in all 50 states and the District of Columbia.
GEICO offers lower rates than Foremost in every category reviewed by Insurify, but it’s important to remember that these insurance companies don’t always serve the same driver base.
If you’re considering a policy with GEICO or Foremost, it’s important to examine all factors. In addition to premium quotes, look at coverage and discount options as well as customer service ratings and claim handling.
Here’s what you need to know when comparing GEICO and Foremost.
GEICO has a significantly higher IQ Score of 9.2 compared to 7.4 for Foremost. GEICO also has much lower rates for both liability-only and full-coverage policies. In fact, Foremost was significantly more expensive than GEICO for full-coverage and liability-only policies.
GEICO’s premiums are also well below national averages, while Foremost’s rates tend to be higher than national averages.
But Foremost tends to focus on drivers who may have difficulty finding an insurance policy elsewhere due to incidents on their record. Drivers with a DUI, a total loss claim, or another serious incident on their record may find coverage with Foremost to be the better (or possibly only) option.
You can see how these two insurers compare in the table below.
Foremost is part of the Farmers insurance group and focuses mainly on high-risk drivers, who sometimes have difficulty finding coverage. Due to the unique market it serves, its average rates exceed national averages.
GEICO is the third-largest car insurance company in the nation and offers some of the best rates available for many driver types. It also scores well on customer satisfaction surveys, such as J.D. Power.1
GEICO offers a telematics program that allows policyholders a chance to earn a discount on their premiums. Foremost doesn’t offer a telematic program to its customers.
DriveEasy, which is GEICO’s free safe-driving program, lets policyholders use the GEICO Mobile app to earn discounts on their premiums. The app logs driving behaviors, including distance driven, speed, braking, and cornering. It then uses the data to calculate a safe-driving score.
The safe-driving score factors into your insurance rate at each policy renewal, and your premium automatically adjusts. This allows most drivers to save money, but if you’re a riskier driver, your rates could increase.
GEICO is the clear winner in terms of low rates. The company offers cheaper premiums than Foremost for every category and age of driver. GEICO has an average monthly premium of $136 for full coverage, while Foremost came in at $274 for full coverage. In the sections that follow, you’ll see how these insurers compare across different categories.
GEICO is significantly cheaper than Foremost for people with clean driving records. The table below shows average rates for liability coverage from both companies for drivers with no incidents on their records.
GEICO is the cheapest insurer for drivers with a speeding ticket. Check out the table below to see the average liability rates for drivers with a speeding ticket on their record.
Young drivers are less experienced behind the wheel, which is why they’re more expensive to insure. If you have a teen on your policy, GEICO is by far the best car insurance option.
The chart below shows the average monthly liability-only premiums for teen drivers.
Insurers consider several factors when setting a premium. Statistics show that people with bad credit are involved in more accidents and claims, which is why they pay more for coverage. GEICO is the best policy option for drivers with poor credit, as you can see in the table below.
GEICO offers better rates than Foremost for senior drivers (age 60 or higher) as well. A person’s rates tend to increase around age 70 because reduced faculties make it riskier to drive.
The table below shows how full-coverage rates from GEICO compare with those from Foremost.
GEICO and Foremost both offer a variety of insurance products ranging from standard coverages, such as bodily injury liability and property damage liability, to personal injury protection. These insurers also offer additional coverage options, such as uninsured/underinsured motorist coverage, collision, and comprehensive coverage. Collision coverage and comprehensive will pay to repair or replace your vehicle after an accident, fire, flood, or other covered incident.
Both insurers also offer homeowners insurance. But while GEICO offers a life insurance policy, Foremost doesn’t. Neither insurance company offers health insurance coverage.
Foremost offers gap insurance, while GEICO doesn’t currently offer this coverage. The table below shows which coverages are available with each of these car insurers.
Both GEICO and Foremost offer multiple discounts to help lower your monthly premium. But GEICO offers more discounts than Foremost.
Check the information below to see which discounts are available with each insurance company.
GEICO is certainly the big winner when it comes to price, but if you’re a driver with incidents on your record, Foremost may be the best option for you. As you narrow your decision between these insurers, the answers presented below can help.
GEICO is the third-largest car insurance company in the U.S., according to the National Association of Insurance Commissioners.2 State Farm is the largest insurance business in the U.S., and Progressive is the second largest, making these two companies GEICO’s biggest competitors.
Allstate and USAA round out the top five largest insurers in the country.
Yes. GEICO is cheaper than Foremost in every driver category. But Foremost specializes in high-risk drivers, so its average rates tend to be higher based on the drivers it insures.
Yes. Foremost Insurance Company is a reputable company that is a partner insurance company of Farmers Casualty Insurance Company. Foremost started out offering coverage for mobile homes but currently offers auto policies to high-risk drivers through its partnership with another affiliated Farmers company, Bristol West Casualty Insurance Company. Foremost enjoys sound financial strength ratings from AM Best.3
The main difference is that Foremost specializes in high-risk drivers, while GEICO primarily works with more traditional drivers. They both offer experienced agents, a variety of coverages, and discounts for drivers with a good driving record. In addition, GEICO offers a telematics program called DriveEasy, which monitors your driving and offers a discount for good driving.
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