Allstate vs. Co-operative: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Co-operative offers significantly less expensive premiums than Allstate
• Allstate may help you save more money -- they offer more discounts than Co-operative Insurance Companies
• Co-operative tends to be a much more affordable option for policyholders who live in rural neighborhoods

Allstate or Co-operative: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering considerable savings. But exactly how much can you save by switching?

You might be considering Allstate or Co-operative for your next policy, but which company will offer you cheaper rates?

Looking at nationwide averages, Co-operative is quite a bit cheaper than Allstate, with premiums averaging $143 a month compared to $199 with Allstate.

Even so, that doesn't mean Co-operative will necessarily be more affordable than Allstate for every single driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your credit score, your driving record, or even your age (among other things), so prices will change quite a bit from person to person.

Wanting to know if Allstate or Co-operative is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Allstate vs. Co-operative: Average Car Insurance Rates by State

Allstate and Co-operative only compete against each other in Vermont, where Allstate offers the cheaper average prices. Allstate drivers tend to pay about $51 per month less on average compared to drivers who use Co-operative for their auto insurance.

That being said, there are plenty of other factors that go into your insurance bill than just your home state. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any other group of drivers out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Co-operative for their car insurance pay over 35% less than those who use Allstate. It's worth noting that Allstate offers insurance in 47 different states compared to Co-operative's one, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Allstate policyholders drop almost 65% and Co-operative's prices reduce more than 55% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the most affordable car insurance rates out there. After all, they've likely been driving for quite some time, which normally reduces their chances of collisions and other infractions that can raise premiums.

So, which company offers the best rates to retired drivers? Co-operative gets the edge here, with average prices coming in at around $107 monthly compared to Allstate's $152.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically less expensive for married drivers than they are for single drivers? This usually boils down to married couples having several vehicles on their policy -- something quite a few insurance carriers will reward with discounts.

For those who are single, the difference in average premiums between these two companies is significant, with Co-operative prices coming in at a quarter less than Allstate's. The advantage for married policyholders with Co-operative is also obvious, where drivers save over 25% a month.

Allstate or Co-operative: Average Rates by Gender

Did you know women generally pay less for car insurance than men? This is because men are statistically more likely than women to get into accidents and get tickets, which leads to increased risk for insurers and, therefore, higher rates.

With Allstate, men normally pay about $10 per month more than women, but with Co-operative, the difference is closer to $9 a month.

When it comes to the lowest prices for each gender, Co-operative comes out on top for both men and women, with average premiums $55 less for men and $55 cheaper for women.

Allstate vs. Co-operative: 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.

For most people, insurance isn't the easiest topic to understand. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury 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 what you get with liability coverage).

Looking specifically at state minimum liability limits, Co-operative has the significant edge, with average monthly rates coming in at $65. If you want a full coverage policy with the same state minimum limits, Co-operative again has the edge, with policies averaging around $222 per month to Allstate's $289.

Is Allstate or Co-operative 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.

It's no secret secret that accidents and speeding tickets lead to higher prices, but which carrier -- Allstate or Co-operative -- has the cheapest premiums for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Co-operative car insurance policies don't report seeing their rates increase after getting a ticket, but Allstate policyholders can expect to see their monthly bill increase by about 15%.

But Co-operative tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering premiums that are $51 and $78 cheaper, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault collision with Allstate increasing by around 32%. Co-operative has a less extreme increase, but you can still expect to pay 25% more than you were prior to your first accident.

At the end of the day, the less expensive rates come from Co-operative, with average premiums coming in at $140 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 ticket when it comes to your insurance bill. For example, Co-operative increases average prices by more than $100 a month -- that's nearly a 55% increase.

Co-operative has the overall lowest premiums for drivers with a DUI on their records at $225 a month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Co-operative, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Co-operative Rates?

Often times, your credit score can be used as one of the factors to determine your monthly auto insurance prices. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for lots of drivers.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking at Allstate and Co-operative specifically, which one has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Co-operative will typically reward you the most. For drivers with "excellent" credit scores, Co-operative comes in more than 25.52 more affordable. Drivers with "good" credit scores usually save about 28% with Co-operative compared to average prices from Allstate.

Which Company is Best for Drivers with Bad Credit?

Co-operative typically offers lower premiums than Allstate when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 33% per month less with Co-operative compared to Allstate, and those with "poor" scores normally save an average of about 24% per month.

Is Allstate or Co-operative 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 your monthly auto insurance payment. Typically, those who drive fewer miles will end up with cheaper rates since there's less of a chance of causing an accident and filing an insurance claim.

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

Allstate or Co-operative: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a large role in how much you pay for insurance. Generally, those who live in rural areas will pay less than policyholders in urban areas due to the small number of cars that are on the roads where they live.

Co-operative boasts the cheapest average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Co-operative Insurance Companies's average rates are about 38% less than Allstate. People who live in suburban areas pay around 25% less with Co-operative compared to Allstate. Those in rural areas can expect to save about 17% with Co-operative compared to Allstate.

Allstate vs. Co-operative Discounts

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

But with what seems like a million different discounts out there, it can be hard to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

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

Allstate knocks Co-operative out of the park when it comes to the sheer number of discounts available, offering 25 more discounts than Co-operative.

Both carriers offer several of the same discounts -- like anti-theft discounts, discounts for getting driver training, DRL discounts, and multi-policy discounts -- but Allstate also offers discounts for advance quote, agency transfer, alert driving, and more.

On the other hand, Co-operative has a few proprietary discounts of their own for things like group discounts, hybrid vehicle discounts, non-smoker discounts, and more.

Final Thoughts: Is Allstate or Co-operative Best for You?

So, you've seen how different variables can affect your auto insurance prices. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the best company for you and your specific driver profile?

Co-operative might be best for you if....

• You will be the only person on the insurance policy.
• You have above-average credit.
• You're of retirement age and want to take advantage of lower premiums.

Allstate might be best for you if...

• You value the experience that comes with a large national auto insurance company.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a good idea of the differences between Allstate and Co-operative and that it aids in making a more informed decision about your 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 Co-operative. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Allstate vs. Co-operative FAQs

Is Allstate or Co-operative cheaper?

Co-operative is the less expensive of the two companies when looking at national average rates, with policies averaging $143 a month with Co-operative and $199 for Allstate. However, that doesn't mean Co-operative will be the lowest carrier for everyone, since there are a bunch of different factors that are considered when it comes to your auto insurance cost.

Who is better, Allstate or Co-operative?

Sadly, the real answer is "it depends.". No one company is necessarily "better" for every policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do Allstate and Co-operative offer me different rates?

Auto insurance carriers use many different variables when determining the premiums they charge. Things like where you call home, age, gender, where you park your vehicle, and sometimes even things like your credit score can all come into play. Both Allstate and Co-operative calculate prices using different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

How do I know if Allstate or Co-operative is right for me?

The only way to find the insurance company that's right for you is by getting quotes from multiple 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 information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Allstate or Co-operative 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.