Why was my quoted GEICO rate so much cheaper than State Farm?

I've been with State Farm for years for my two sons' car insurance. I decided to shop around. I got a quote from GEICO and my insurance was about a third of the price (I also changed my deductible from $250 to $1,000 on full coverage). Why would this be?

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Eric Schad
Answered on Apr 28, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Whether you’re with State Farm, GEICO, or any other insurance company, you can save on your insurance by shopping around.
Each insurance company has an analytics department that helps them determine risk (and thus prices) based on where you live, your driving record, and a number of other factors. As a result, there’s no clearly defined reason why one company’s policy would be cheaper than others. That’s why you should continuously shop for car insurance quotes online.
That said, dropping your deductible can make a drastic difference in the price of your policy. Even changes to your liability insurance coverage can make the price fluctuate. These may be the reasons why GEICO is so much cheaper at this point in time.”
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