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

Quick Facts

• Based on national averages for insurance, Allstate offers slightly more affordable prices than Cincinatti Financial
• Allstate offers more affordable premiums for single people who will be the only person on the auto insurance policy
• Cincinatti Financial tends to be a much cheaper option for residents of suburban areas

Allstate or Cincinatti Financial: Which Company has the Cheapest Car Insurance?

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

You might be considering Allstate or Cincinatti Financial for your next policy, but between the two, which carrier will save you the most?

Looking at nationwide averages, Cincinatti Financial is around $1 more a month than Allstate.

That being said, that doesn't mean Allstate will necessarily be less expensive than Cincinatti Financial for every driver. Car insurance carriers vary their rates depending on things like how clean your driving record is, where you live, how good your credit score is, how old you are, and all sorts of other factors. So, at the end of the day, prices from every company will differ quite a bit from person to person.

So, if you want to find out which of Allstate or Cincinatti Financial is really the best for you, keep reading to see average premiums for each carrier broken down by a range of different rate factors.

Allstate vs. Cincinatti Financial: Average Car Insurance Rates by State

Allstate and Cincinatti Financial compete against each other in five states, with Cincinatti Financial offering more affordable prices to the average driver in all of them. If you live in Tennessee or Virginia, Allstate is the cheaper of the two companies when looking at the overall average premiums. Cincinatti Financial is the less expensive option in Alabama, Kentucky, and Ohio.

There are plenty of other factors that go into your insurance bill 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 rates of any group on the road. That's typically because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. For example, 18-year-old drivers pay an average of almost 10% less per month by choosing Allstate over Cincinatti Financial.

But both carriers will drop rates by the time drivers turn 25. For example, average premiums for Allstate policyholders decrease about $300 and Cincinatti Financial's prices reduce around $300 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the cheapest insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which normally lowers their chances of collisions and other infractions that can raise rates.

But who has the best premiums for retired drivers between Allstate and Cincinatti Financial? Cincinatti Financial gets the edge, with rates for drivers 65 and older $30 cheaper than the national average for Allstate.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are generally more affordable for married drivers than they are for single policyholders? That's because policies for married policyholders typically cover several vehicles, which a lot of companies will give you a discount for.

When it comes to relationship status, Allstate is the winner for those who are single, with premiums about 5% a month less expensive than Cincinatti Financial, on average.

Allstate or Cincinatti Financial: Average Rates by Gender

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

Men generally pay around 4% more per month than women with Allstate, and about 6% more with Cincinatti Financial.

When it comes to the lowest rates for each gender, Cincinatti Financial is the most affordable company for women. Rates with Cincinatti Financial are $1 cheaper for women, while with Allstate, men can save around $1.

Allstate vs. Cincinatti Financial: 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 pretty complicated. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

Even so, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

When it comes to state minimum liability insurance, Cincinatti Financial has the edge, while Allstate offers the cheapest average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $2 with Cincinatti Financial, while full coverage comes out to be about $4 cheaper with Allstate.

Is Allstate or Cincinatti Financial Better for Drivers with Spotty Records?

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

You'll probably end up paying more with speeding tickets and accidents on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Allstate for their auto insurance can generally expect their monthly bill to go up around 15% after getting a speeding ticket. Cincinatti Financial policyholders can expect a less drastic increase of about 15%.

However, Cincinatti Financial has more affordable premiums for drivers in both categories -- their rates are around 22% less expensive for drivers with clean records and 22% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both companies will increase prices pretty significantly if you get into an at-fault collision with Cincinatti Financial increasing by around 43%. Allstate has a less extreme rise, but you can still expect to pay more than 30% more than you were prior to your first accident.

At the end of the day, Cincinatti Financial offers the lowest rates for drivers with an at-fault collision on their records, with average premiums coming in at $214 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 insurance bill -- normally a lot more than a collision or ticket. For example, Cincinatti Financial increases average prices by nearly $200 a month -- that's over a 60% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Allstate tends to be more affordable for the average driver, with monthly premiums coming in at about $227 to Cincinatti Financial's $320.

How does Credit Score Impact Allstate and Cincinatti Financial Rates?

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

Insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

Looking at Allstate and Cincinatti Financial specifically, which company has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Allstate will typically reward you the most. For drivers with "excellent" credit scores, Allstate comes in NaN less expensive. Drivers with "good" credit scores usually save around 0% with Allstate compared to average rates from Cincinatti Financial.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about 2% less with Cincinatti Financial than Allstate, but those whose credit is considered "poor" have it flipped -- saving around 2% per month with Allstate.

Is Allstate or Cincinatti Financial 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 pretty big impact on your monthly auto insurance payment? Typically, the more milage you put on your car, the more you can expect to pay for car insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cincinatti Financial charges. However, there's a small difference in monthly premiums for Allstate, with drivers who put 6,000 miles on their vehicle annually paying about $3 less each month compared to those who drive 12,000 miles every year.

Allstate or Cincinatti Financial: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly insurance cost. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

When comparing these two companies side-by-side, Cincinatti Financial normally comes out as the cheaper option for drivers in urban and suburban areas, while Allstate wins in rural areas.

Those in rural areas can expect to save around $8 with Allstate compared to Cincinatti Financial. People who live in suburban areas pay about $2 less with Cincinatti Financial compared to Allstate. For policyholders in urban ZIP codes, Cincinatti Financial's average rates are around $2 less than Allstate.

Allstate vs. Cincinatti Financial Discounts

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

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Cincinatti Financial offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Allstate knocks Cincinatti Financial out of the park when it comes to the sheer number of discounts available, offering 40 different discounts to Cincinatti Financial's 10.

There are a couple discounts both carriers offer, but Allstate also offers discounts for ABS, agency transfer, alert driving, and more.

On the other hand, Cincinatti Financial has a few proprietary discounts of their own like group discounts and special large ded discounts.

Final Thoughts: Is Allstate or Cincinatti Financial Best for You?

So, you've seen how different factors can affect your insurance prices. We've broken down the different discounts each carrier offers, too. But, at the end of the day, which company is the right fit for you?

Allstate might be best for you if....

• You value the experience that comes with a large national auto insurance carrier.
• You already have a great credit score.
• You drive fewer than 6,000 miles yearly.

Cincinatti Financial might be best for you if...

• You have received a ticket within the last few years.
• You're looking for the best premiums on liability only coverage.
• You live in an suburban area.

Hopefully, this guide has ben a valuable resource as you compare Allstate and Cincinatti Financial and that you can now make a more informed decision when it comes to your insurance.

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

Allstate vs. Cincinatti Financial FAQs

Is Allstate or Cincinatti Financial cheaper?

Allstate is the less expensive of the two companies when looking at national average rates, with policies averaging $199 a month with Allstate and $200 for Cincinatti Financial. But that doesn't mean Allstate will be the cheapest company for everyone, since there are multiple different variables that come into play when it comes to your insurance bill.

Who is better, Allstate or Cincinatti Financial?

Unfortunately, the real answer is "it depends.". No single carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, Allstate is more affordable for drivers who have less-than-stellar credit scores, while Cincinatti Financial offers cheaper prices for drivers with an at-fault accident on their record.

Why do Allstate and Cincinatti Financial offer me different rates?

Auto insurance carriers use quite a few different factors when calculating the premiums they charge. Things like age, where your home is, gender, your driving record, and sometimes even things like your credit score can all come into play. Both Allstate and Cincinatti Financial calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from many different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code 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 company for you isn't Allstate or Cincinatti Financial 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.