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?

Apr 28, 2021
Answer provided by
Eric Schad
Answered at Apr 28, 2021
“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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