Allstate vs. American National: Which Company is the Best Fit for You?

Quick Facts

• In general, American National offers significantly less expensive premiums than Allstate
• Allstate may help you save more money -- they offer more discounts than American National Insurance Company
• American National offers more affordable rates for policyholders who have a clean driving record, free of collisions, tickets, or DUIs

Allstate or American National: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering considerable savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Allstate or American National, but which carrier will offer you more affordable prices?

Looking at nationwide averages, Allstate has average rates that are around 55% a month more expensive than those from American National.

Even so, that doesn't mean American National will necessarily be cheaper than Allstate for every driver. Auto insurance carriers vary their premiums depending on things like where you live, how clean your driving record is, how good your credit score is, how old you are, and all sorts of other factors, so rates will change quite a bit from person to person.

Luckily, we've broken down average premiums from both Allstate and American National by a range of different rate factors, so read on to find out which company is the best for you.

Allstate vs. American National: Average Car Insurance Rates by State

Allstate and American National compete against each other in seven states, with American National offering less expensive prices to the average driver in all of them. Idaho has the most noticable difference, where American National premiums are $99 more affordable than insurance rates at Allstate.

But there's more to calculating auto insurance prices than just where you live. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any other group of drivers out there on the road. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have American National for their insurance pay over 55% less than those who use Allstate.

But with both companies, you'll see your rates drop significantly once you turn 25. For example, average prices for Allstate policyholders decrease almost 65% and American National's premiums reduce more than 60% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you'll ever find.

So, which carrier offers the best premiums to retired drivers? American National gets the edge here, with average rates coming in at about $66 per month compared to Allstate's $152.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance prices than married policyholders. That's because policies for married couples typically cover multiple vehicles, which a lot of carriers will give you a discount for.

For single policyholders, the difference in average rates between these two companies is significant, with American National prices coming in at around half of Allstate's. The advantage for married drivers with American National is also obvious, where drivers save nearly 60% per month.

Allstate or American National: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for car insurance than women.

Men normally pay about $10 a month more than women with Allstate, and around $1 with American National.

When it comes to the most affordable premiums for each gender, American National comes out on top for both men and women. On average, women save about $107 per month and men save about $115 with American National compared to the average Allstate policyholder.

Allstate vs. American National: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be a complicated subject for most people. There are a bunch of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, American National has the significant edge, with average monthly rates coming in at $52. If you want a full coverage policy with the same state minimum limits, American National again has the edge, with policies averaging around $123 a month to Allstate's $289.

Is Allstate or American National Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Speeding tickets and at-fault accidents will most likely raise your prices, but is Allstate or American National cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their car insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. American National policyholders can expect a bit more drastic of an increase of around 20%.

However, American National has more affordable premiums for drivers in both categories. With American National Insurance Company, drivers with a clean record can save about $89 per month and drivers with a ticket can save around $99 a month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with Allstate increasing by about 32%. American National has a less extreme raise, but you can still expect to pay nearly 30% more than you were prior to your first accident.

At the end of the day, the less expensive premiums come from American National, with average prices coming in at $95 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. On average, Allstate will increase your rates around 31% after a DUI, while American National's average prices increase by more than 35%.

But if you end up with a DUI charge and are looking for more affordable premiums, American National tends to be more affordable for the average driver, with monthly premiums coming in at about $104 to Allstate's $227.

How does Credit Score Impact Allstate and American National Rates?

In many cases, your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it might come into play for several drivers.

Car insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with cheaper prices.

So, which company offers the lowest rates for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, American National will generally reward you the most. For policyholders with "excellent" credit scores, American National comes in just under 64.83 less expensive. Drivers with "good" credit scores normally save around 62% with American National compared to average premiums from Allstate.

Which Company is Best for Drivers with Bad Credit?

American National typically offers lower rates than Allstate when it comes to drivers with bad credit. Drivers with "fair" credit pay about 58% per month less with American National compared to Allstate, and those with "poor" scores usually save an average of around 47% a month.

Is Allstate or American National Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly insurance bill. Typically, the more milage you put on your vehicle, the more you can expect to pay for car insurance.

American National tends to be the more affordable option for both remote workers and those taking short commutes. American National's average prices for drivers with 6,000 annual miles come in about $114 less expensive than Allstate. Those who drive 12,000 miles annually can expect to pay around $108 less with American National over Allstate.

Allstate or American National: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly insurance cost. Generally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more cars on the roads where they live.

When comparing these two companies side-by-side, American National usually comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, American National Insurance Company's average prices are about 53% less than Allstate. People who live in suburban areas pay around 57% less with American National compared to Allstate. Those in rural areas can expect to save about 58% with American National compared to Allstate.

Allstate vs. American National Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many car insurance discounts as possible.

The hard part is finding all of the discounts you're eligible for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Allstate and American National so that you can see which one can save you the most money each month.

Allstate knocks American National out of the park when it comes to the sheer number of discounts available, offering 40 different discounts to American National's 14.

A couple of those are overlapping for things like COVID-19 relief discount, distant student discounts, discounts for getting driver training, and discounts for insuring multiple cars with the same company. Allstate also offers discounts for ABS, advance quote, agency transfer, and more.

On the other hand, American National has a few proprietary discounts of their own for things like claim free discounts, excess vehicle discounts, group discounts, and more.

Final Thoughts: Is Allstate or American National Best for You?

So, we've broken down the average premiums for many of the factors insurance carriers look at, and walked through the different discounts each carrier offers, too. But, at the end of the day, which company is the right carrier for you and your specific driver profile?

American National might be best for you if....

• You have an at-fault accident on your record.
• Your home is located in the suburbs.
• You've started working from home and don't have much of a commute.

Allstate might be best for you if...

• You're thinking about moving to another state -- American National Insurance Company is only available in seven states.
• You're looking for discounts -- Allstate has the most.

Hopefully, this guide helps you get a better idea of the difference between Allstate and American National. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of companies, not just Allstate and American National. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Allstate vs. American National FAQs

Is Allstate or American National cheaper?

American National is the cheaper of the two companies when looking at national average rates, with policies averaging $87 a month with American National and $199 for Allstate. Even so, that doesn't mean American National will be the most affordable carrier for everyone, since there are a variety of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or American National?

Unfortunately, the only answer we can give you is "it depends.". No single company is "better" for every policyholder -- it all comes down to what your unique insurance profile looks like.

Why do Allstate and American National offer me different rates?

Car insurance carriers use lots of different factors when determining the premiums they charge. Things like your driving record, gender, where you park your vehicle, age, and sometimes even things like your credit score can all be taken into consideration. Both Allstate and American National use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Allstate or American National is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Allstate or American National at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.