Allstate vs. Cameron Mutual: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Cameron Mutual offers significantly more affordable premiums than Allstate
• Allstate offers more discounts than Cameron Mutual Insurance Company
• Cameron Mutual offers more affordable rates for residents in Arkansas and Iowa

Allstate vs. Cameron Mutual: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering hefty discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Allstate or Cameron Mutual as potential options, but which one will offer you less expensive prices?

Looking at the national average rates for both companies, Cameron Mutual has average rates that are about 40% per month cheaper than those from Allstate.

That being said, Cameron Mutual may not be the lowest or best option for each driver out there. After all, auto insurance carriers can offer drastically different rates to each driver depending on rating factors like your driving record, your credit score, where you call home, or even your age (among other things). So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

Luckily, we've broken down average rates from both Allstate and Cameron Mutual by multiple different rate factors, so read on to find out which company is the best for you.

Allstate or Cameron Mutual: Average Car Insurance Rates by State

Allstate and Cameron Mutual only compete against each other in two states, with Cameron Mutual offering more affordable premiums to the average driver in all of them. Arkansas has the most noticable difference, where Cameron Mutual prices are over 40% cheaper than car insurance rates at Allstate.

But there's more to insurance than just your home state. As we mentioned above, there's a lot of things that go into how auto insurance companies calculate your premiums. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for car insurance than any group on the road. That's generally because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of more than $150 less a month by choosing Cameron Mutual over Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Cameron Mutual's two, which can skew the average rates a bit, but the difference here is still considerable.

Even so, with both carriers, you'll see your prices lower significantly once you turn 25. Cameron Mutual offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. Allstate's average rates reduce nearly 65% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable insurance premiums out there. After all, they've likely been driving for quite some time, which usually decreases their chances of accidents and other infractions that can increase prices.

But who has the best premiums for retired drivers between Allstate and Cameron Mutual? Cameron Mutual gets the edge, with rates for drivers 65 and older $73 less expensive than the national average for Allstate.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive car insurance prices than married couples. That's normally because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Cameron Mutual is the clear winner for those who are single, with premiums around $84 per month cheaper than Allstate, on average. For married policyholders, the advantage is clear again - Cameron Mutual has the edge when it comes to average prices.

Allstate vs. Cameron Mutual: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll typically end up paying more for insurance than women.

On average, women see rates about 4% a month less with Allstate, while with Cameron Mutual, the difference is closer to 10% per month.

Looking at overall affordability, Cameron Mutual offers the cheapest average prices for both men and women, with average rates 35% less for men and 39% cheaper for women.

Allstate or Cameron Mutual: 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.

Auto insurance can be a complicated subject for most people. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

However, most policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and passengers if you cause an accident) and full coverage (which generally refers to having comprehensive and collision coverages alongside liability).

If you're looking for state minimum liability insurance, Cameron Mutual usually offers significantly more affordable premiums of $53 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Cameron Mutual again has the edge, with policies around $95 a month less expensive than Allstate, on average.

Is Allstate or Cameron Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that at-fault accidents and tickets lead to higher premiums, but which carrier -- Allstate or Cameron Mutual -- has the lowest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Cameron Mutual insurance policies don't report seeing their premiums increase after getting a ticket, but Allstate policyholders can expect to see their monthly bill increase by.

That being said, Cameron Mutual tends to offer the best prices for drivers both with a ticket and with a clean record, offering rates that are 29% and 40% more affordable, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Allstate policyholders who get in a collision can expect to see their prices rise by just under $75, while those who have insurance through Cameron Mutual will see about a $15 increase.

Overall, drivers who use Cameron Mutual end up with the cheaper prices after an accident, with monthly premiums averaging $124 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 accident or speeding ticket when it comes to your auto insurance bill. On average, Allstate will increase your rates around 31% after a DUI, while Cameron Mutual's average prices climb by just under 30%.

Cameron Mutual has the overall cheapest premiums for drivers with a DUI on their records at $152 monthly, but it's worth noting that Allstate's average rates come from 47 states compared to just two for Cameron Mutual, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Cameron Mutual Rates?

Did you know that many car insurance carriers take into account your credit score when calculating prices? This isn't always the case (for example, Massachusetts and Hawaii are two states that ban the practice entirely), but it might come into play for a lot of drivers.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time each month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

So, which company offers the most affordable rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Cameron Mutual. Drivers with "excellent" credit can save over 40% compared to Allstate, and those with "good" scores can also expect to see savings -- about $65 or 38% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Cameron Mutual typically offers lower prices than Allstate when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $77 per month less with Cameron Mutual compared to Allstate, and those with "poor" scores generally save an average of about $96 a month.

Is Allstate or Cameron Mutual Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much insurance carriers will charge for coverage. That's because the more miles you put on your vehicle each year, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cameron Mutual charges. However, there's a small difference in monthly premiums for Allstate, with policyholders who drive 6,000 miles yearly paying around $3 less each month compared to those who drive 12,000 miles every year. Still, Cameron Mutual is the less expensive option for drivers in both categories.

Allstate vs. Cameron Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a substantial impact as well. Typically, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because there are a lot more cars on the roads in those areas.

Cameron Mutual boasts the lowest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable premiums from both companies, but Cameron Mutual comes out on top with average rates about $116 per month. Cameron Mutual also has more affordable average premiums for drivers in urban and suburban ZIP codes -- a 40% and 39% a month respective difference when compared to Allstate policyholders in similar areas.

Allstate vs. Cameron Mutual Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many auto insurance discounts as you can.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you qualify for or to nail down the company that has the most discounts for your unique driver profile.

In the table below, we've compared all of the different discounts offered by Allstate and Cameron Mutual so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Allstate knocks Cameron Mutual out of the park when it comes to the sheer number of discounts available, offering 34 more discounts than Cameron Mutual.

A couple of those are overlapping for things like discounts for being a defensive driver, passive restraint discounts, and renewal discounts. Allstate also offers ABS discounts, advance quote discounts, agency transfer discounts, and more that Cameron Mutual does not.

On the flip side, Cameron Mutual has a couple unique discounts of its own -- education discounts and umbrella policy discounts.

Final Thoughts: Is Allstate or Cameron Mutual Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, is Allstate or Cameron Mutual the right carrier for you and your specific profile and needs?

Cameron Mutual might be best for you if....

• You have a speeding ticket on your driving record.
• You have above-average credit.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Allstate might be best for you if...

• You're planning on moving to another state soon -- Cameron Mutual Insurance Company is only available to Arkansas and Iowa residents.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between Allstate and Cameron Mutual and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Allstate and Cameron Mutual. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Allstate vs. Cameron Mutual FAQs

Is Allstate or Cameron Mutual cheaper?

Looking just at the national average prices, Cameron Mutual is the less expensive of the two companies, offering average rates of $124 per month compared to $199 for Allstate. However, Cameron Mutual won't necessarily be the lowest carrier for each driver, since there are several different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Allstate or Cameron Mutual?

Unfortunately, the answer truly is "it depends.". One company is not necessarily "better" for every driver -- it all boils down to your unique auto insurance profile.

Why do Allstate and Cameron Mutual offer me different rates?

Car insurance carriers take a look at many different variables when determining the rates they charge drivers. Things such as your driving record, gender, where you call home, age, and sometimes even things like your credit score can all come into play. Both Allstate and Cameron Mutual calculate premiums using different factors, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a range of different companies.

How do I know if Allstate or Cameron Mutual 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 do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the most affordable premium. And who knows, the best carrier for you might not be Allstate or Cameron Mutual at all!

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.