Allstate vs. Colorado Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• In general, Colorado Farm Bureau offers significantly cheaper premiums than Allstate
• Allstate may help you save more money -- they offer more discounts than Colorado Farm Bureau Insurance
• Colorado Farm Bureau tends to be a much more affordable option for drivers with a DUI

Allstate or Colorado Farm Bureau: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering huge savings, but exactly how much money can you save by switching?

You might have narrowed it down to Allstate or Colorado Farm Bureau, but which company will offer you less expensive rates?

Looking at the national average rates for both carriers, Allstate has average rates that are around 35% a month more expensive than those from Colorado Farm Bureau.

Even so, that doesn't necessarily mean Colorado Farm Bureau will be the cheaper option for every single driver. Auto insurance companies use all sorts of complex algorithms to determine prices, so depending on how good your credit score is or where you live (among a variety of other factors), you could see wildly different premiums from the ones above.

Wanting to know if Allstate or Colorado Farm Bureau is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Allstate vs. Colorado Farm Bureau: Average Car Insurance Rates by State

Allstate and Colorado Farm Bureau only compete against each other in Colorado, where Colorado Farm Bureau offers the cheaper average premiums. Colorado Farm Bureau drivers tend to pay about $77 per month less on average compared to drivers who use Allstate for their car insurance.

There are plenty of other factors that go into your insurance cost than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for auto insurance than any group out there on the road. That's generally 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 rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Colorado Farm Bureau for their car insurance pay over 50% less than those who use Allstate. It's worth noting that Allstate offers insurance in 47 different states compared to Colorado Farm Bureau's one, which can skew the average prices a bit, but the difference here is still considerable.

That being said, both carriers will decrease premiums once you turn 25. For example, average rates for Allstate policyholders drop about $300 and Colorado Farm Bureau's prices reduce almost $90 over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Allstate and Colorado Farm Bureau specifically, which carrier is best for retired drivers? Colorado Farm Bureau gets the edge, with prices for drivers 65 and older around 25% less expensive 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 more affordable for married drivers than they are for single drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something lots of car insurance companies will reward with discounts.

For those who are single, the difference in average premiums between these two carriers is significant, with Colorado Farm Bureau rates coming in at a third less than Allstate's. For married couples, the advantage is clear again - Colorado Farm Bureau has the edge when it comes to average premiums.

Allstate or Colorado Farm Bureau: Average Rates by Gender

You may not know, but auto insurance is generally cheaper for women than it is for men. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher prices.

Normally, women see premiums about $10 a month cheaper with Allstate, and around $2 with Colorado Farm Bureau.

When it comes to the lowest prices for each gender, Colorado Farm Bureau offers the cheapest average rates for both men and women, with average prices $70 less for men and $63 cheaper for women.

Allstate vs. Colorado Farm Bureau: 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.

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

But most policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Colorado Farm Bureau has the significant edge, with average monthly premiums coming in at $71. If you want a full coverage policy with the same state minimum limits, Colorado Farm Bureau again has the edge, with policies averaging about $193 per month to Allstate's $289.

Is Allstate or Colorado Farm Bureau 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 rates, but is Allstate or Colorado Farm Bureau less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their insurance can typically expect their monthly bill to go up around 15% after getting a speeding ticket. Colorado Farm Bureau policyholders can expect a bit more drastic of an increase of about 16%.

However, Colorado Farm Bureau has more affordable premiums for drivers in both categories -- their rates are around 28% less expensive for drivers with clean records and 27% more affordable 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 Allstate raising by around 32%. Colorado Farm Bureau has a less extreme raise, but you can still expect to pay nearly 20% more than you were prior to your first accident.

At the end of the day, drivers who use Colorado Farm Bureau end up with the cheaper prices after an accident, with average rates coming in at $137 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 car insurance bill. For example, Allstate increases average premiums by more than $70 a month -- that's more than a 30% increase.

Colorado Farm Bureau has the overall most affordable rates for drivers with a DUI on their records at $144 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Colorado Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Colorado Farm Bureau Rates?

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

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

Looking at Allstate and Colorado Farm Bureau specifically, which carrier has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Colorado Farm Bureau will usually reward you the most. For policyholders with "excellent" credit scores, Colorado Farm Bureau comes in just under 43.45 cheaper. Drivers with "good" credit scores generally save about 38% with Colorado Farm Bureau compared to average rates from Allstate.

Which Company is Best for Drivers with Bad Credit?

Colorado Farm Bureau typically offers lower prices than Allstate when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 35% per month less with Colorado Farm Bureau compared to Allstate, and those with "poor" scores normally save an average of about 25% a month.

Is Allstate or Colorado Farm Bureau 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 rates. Typically, the more milage you put on your car, the more you can expect to pay for coverage.

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

Allstate or Colorado Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a sizable role in how much you pay for car insurance. Usually, 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.

Colorado Farm Bureau tends to offer the cheapest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $85 monthly with Colorado Farm Bureau and $174 with Allstate. Drivers in suburban ZIP codes pay around $156 with Colorado Farm Bureau compared to Allstate's $199 a month. In urban areas, Colorado Farm Bureau's average premiums are about $155 a month compared to Allstate's $222.

Allstate vs. Colorado Farm Bureau Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Allstate and Colorado Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Allstate knocks Colorado Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 40 different discounts to Colorado Farm Bureau's four.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts. Allstate also offers discounts for ABS, advance quote, agency transfer, and more.

Colorado Farm Bureau's discounts come through just a few categories, including Defensive Driver, Driver Training, Good Student, and more.

Final Thoughts: Is Allstate or Colorado Farm Bureau Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, which insurance company is the right one for you and your specific needs?

Colorado Farm Bureau might be best for you if....

• You have received a ticket within the last few years.
• Your home is in a busy urban area.
• You drive often but have a short commute.

Allstate might be best for you if...

• You're planning on moving to another state soon -- Colorado Farm Bureau Insurance is only available in CO.
• You care about discounts (Allstate offers the most).

Hopefully, this guide helps you get a better idea of the difference between Allstate and Colorado Farm Bureau and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of companies, not just Allstate and Colorado Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Allstate vs. Colorado Farm Bureau FAQs

Is Allstate or Colorado Farm Bureau cheaper?

Colorado Farm Bureau is the more affordable of the two companies when looking at national average rates, with policies averaging $132 per month with Colorado Farm Bureau and $199 for Allstate. Even so, that doesn't mean Colorado Farm Bureau will be the most affordable carrier for every policyholder, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Colorado Farm Bureau?

Sadly, the answer truly is "it depends.". No single company is "better" for each policyholder -- it all depends on the makeup of your unique car insurance profile.

Why do Allstate and Colorado Farm Bureau offer me different rates?

Insurance carriers use several different variables when calculating the prices they charge. Factors like where your home is, gender, where you live, age, and sometimes even things like your credit score can all be used. Both Allstate and Colorado Farm Bureau calculate premiums using different variables, 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 a variety of different companies.

How do I know if Allstate or Colorado Farm Bureau is right for me?

The only way to find the car 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, 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. With those, you can guarantee you're getting the cheapest price. And maybe you'll find that the best carrier for you isn't Allstate or Colorado Farm Bureau 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.