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

Quick Facts

• Based on national averages for insurance, Cig offers significantly cheaper rates than Allstate
• Allstate offers more discounts than CIG Insurance
• Cig offers less expensive average prices for drivers who have less-than-stellar credit

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering hefty discounts, but exactly how much money can you save by switching?

You might be considering Allstate or Cig as potential options, but between the two, which one has more affordable rates for car insurance?

As you can see, Allstate is quite a bit more expensive than Cig, with premiums averaging $199 per month compared to just $119 with Cig when looking at the national average rates for insurance.

But that doesn't mean Cig will necessarily be cheaper than Allstate for each driver. After all, auto insurance companies can offer drastically different rates to each driver depending on rating factors like where you call home, your driving record, your age, or even your credit score (among other things), so prices will vary quite a bit from person to person.

Luckily, we've broken down average rates from both Allstate and Cig by a variety of different rate factors, so read on to find out which carrier is the best for you.

Allstate or Cig: Average Car Insurance Rates by State

Allstate and Cig compete against each other in four states, with Cig offering more affordable premiums to the average driver in all of them. Oregon has the most noticable difference, where Cig rates are over 70% less expensive than insurance premiums at Allstate.

But there's more to calculating auto insurance prices than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for car insurance compared to older drivers. It's usually because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. Just look at the table above -- where 18-year-old drivers who have Cig for their car insurance pay more than $200 less than those who use Allstate.

That being said, both carriers will offer you dramatically lower prices once you turn 25. For example, average premiums for Allstate policyholders decrease nearly $300 and Cig's prices lower over $100 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest premiums out there.

So, which company offers the best rates to retired drivers? Cig gets the edge, with premiums for drivers 65 and older $66 more affordable than the national average for Allstate.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be less expensive for married couples than they are for those who are single. That's normally because married policyholders tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Cig is the clear winner for single drivers, with prices about $92 a month cheaper than Allstate, on average. The advantage is also clear for married drivers - Cig offers the lowest average premiums.

Allstate vs. Cig: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to insurance men will generally end up paying a little more.

Normally, women see prices around 4% per month less with Allstate, and about 3% less with Cig.

When it comes to the most affordable rates for each gender, Cig offers the lowest average prices for both men and women, with average rates 40% less for men and 40% cheaper for women.

Allstate or Cig: 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 car insurance can be a complicated subject for most people. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability coverage).

If you're looking for state minimum liability limits, Cig normally offers significantly less expensive premiums of $71 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Cig again has the edge, with policies around $100 a month more affordable than Allstate, on average.

Is Allstate or Cig Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great rates 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 tickets and accidents lead to higher prices, but which carrier -- Allstate or Cig -- has the most affordable premiums for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Allstate policyholders can expect their rates to go up an average of $27 per month if they get a ticket, while Cig usually raises premiums about $24 a month, on average.

Even so, Cig has cheaper prices for drivers in both categories -- their rates are around 44% less expensive for drivers with clean records and 39% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Allstate drivers who get in an accident can expect to see their premiums increase by just under $75, while those who have insurance through Cig will see around a $30 increase.

Overall, Cig offers the cheapest prices for drivers with an at-fault accident on their records, with monthly rates averaging $118 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- generally a lot more than a collision or speeding ticket. On average, Allstate will raise your prices about 31% after a DUI, while Cig's average premiums climb by just under 45%.

If you have a DUI on your record and are looking for more affordable rates, Cig tends to be the much more affordable option with average prices of $157 monthly compared to $227 from Allstate.

How does Credit Score Impact Allstate and Cig Rates?

Did you know that many car insurance carriers take your credit score into account when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for a lot of policyholders.

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the best premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Cig. Policyholders with "excellent" credit can save over 45% compared to Allstate, and those with "good" scores can also expect to see savings -- around $78 or 45% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Cig typically offers lower prices than Allstate when it comes to drivers with bad credit. Drivers with "fair" credit pay about $85 per month less with Cig compared to Allstate, and those with "poor" scores typically save an average of around $103 a month.

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

Did you know that the amount of time you spend in your car have a sizable impact on your monthly auto insurance bill? That's because the fewer miles you put on your vehicle each year, the less likely you are to get into an accident and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Cig offers cheaper rates than Allstate. Cig's average premiums for drivers with 6,000 annual miles come in about 43% more affordable than Allstate. Those who drive 12,000 miles annually can expect to pay around 38% less with Cig over Allstate.

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

Where you call home can have a pretty big impact on your monthly car insurance cost. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders due to the small number of cars that are on the roads in those areas.

Cig tends to offer the lowest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Cig offers rates about $128 per month compared to Allstate's $222. People who live in suburban ZIP codes can expect to pay around $123 a month for Cig and $199 for Allstate. Lastly, those in rural areas tend to get the cheapest prices from both companies, with average monthly premiums coming in at $106 and $174 for Cig and Allstate respectively.

Allstate vs. Cig Discounts

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

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

In the table below, we've compared all of the different discounts offered by Allstate and Cig so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Allstate blows Cig away when it comes to the sheer amount of discounts available, offering 40 different discounts to Cig's 25.

There are a couple discounts both carriers offer, but Allstate also offers agency transfer discounts, alert driving discounts, annual mileage discounts, and more that Cig does not.

On the flip side, Cig has a couple unique discounts of its own -- company car discounts, employee discounts, group discounts, and more.

Final Thoughts: Is Allstate or Cig Best for You?

So, we've broken down the average prices for many of the factors insurance companies look at, and walked through the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Allstate or Cig the best carrier for you and your specific profile and needs?

Cig might be best for you if....

• You've received a ticket for speeding recently and don't want to see your premiums rise.
• You have less-than-stellar credit.
• You are over 65 years old and want to save some money on your auto insurance.

Allstate might be best for you if...

• You already have plans to move to another state -- CIG Insurance is only available in four states.
• You're looking for the company with the most discounts.

We hope this guide has ben a valuable resource as you compare Allstate and Cig. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several carriers, not just Allstate and Cig. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

Allstate vs. Cig FAQs

Is Allstate or Cig cheaper?

Looking just at the national average rates, Cig is the cheaper of the two carriers, offering average rates of $119 per month compared to $199 for Allstate. That being said, Cig won't necessarily be the most affordable carrier for every policyholder, since there are several different variables that come into play when it comes to your auto insurance payment.

Who is better, Allstate or Cig?

Unfortunately, the only answer we can give you is "it depends.". Neither company is necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like.

Why do Allstate and Cig offer me different rates?

Insurance companies take a look at quite a few different factors when determining the premiums they charge policyholders. Variables such as age, where your home is, your driving record, gender, and sometimes even things like your credit score can all be used. Both Allstate and Cig use different formulas, 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 lots of different carriers.

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

The only way to find the car insurance company that's right for you is by getting quotes from multiple companies 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 ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the lowest price. And who knows, the best carrier for you might not be Allstate or Cig 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.