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

Quick Facts

• Based on national averages for auto insurance, Farmers Automobile offers significantly less expensive prices than Allstate
• Allstate offers more discounts than Farmers Automobile Insurance Association
• Farmers Automobile offers cheaper average premiums for people who are single and purchasing car insurance by yourself

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

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Allstate or Farmers Automobile as potential options, but between the two, which one will offer you more affordable prices?

As you can see, Allstate has average rates that are about 40% per month more expensive than those from Farmers Automobile when looking at the national average rates for insurance.

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

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

Allstate or Farmers Automobile: Average Car Insurance Rates by State

Allstate and Farmers Automobile only compete against each other in three states, with Farmers Automobile offering more affordable rates to the average driver in all of them. Illinois has the most noticable difference, where Farmers Automobile prices are over 50% less expensive than insurance premiums at Allstate.

But there's more to calculating car insurance prices than just where you live. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. As you can see above, teens who use Farmers Automobile save more than $150 a month compared to those who use Allstate. It's worth noting that Allstate offers insurance in 47 different states compared to Farmers Automobile's three, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both carriers will offer you dramatically lower prices once you turn 25. For example, average rates for Allstate policyholders reduce nearly 65% and Farmers Automobile's premiums lower over 60% over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates out there.

So, which company offers the best premiums to retired drivers? Farmers Automobile gets the edge, with prices for drivers 65 and older more than 35% more affordable than the national average for Allstate.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more expensive for single drivers than they are for married policyholders. This usually boils down to married drivers having multiple cars on their policy -- something lots of car insurance companies will reward with discounts.

When it comes to relationship status, Farmers Automobile is the clear winner for single policyholders, with rates around $87 per month cheaper than Allstate, on average. For married couples, the advantage is clear again - Farmers Automobile has the edge when it comes to average prices.

Allstate vs. Farmers Automobile: Average Rates by Gender

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

With Allstate, women typically pay about 4% a month less than men, while with Farmers Automobile, the difference is closer to 1% per month.

When it comes to the cheapest rates for each gender, Farmers Automobile comes out on top for both men and women. On average, women save about $72 a month and men save around $80 with Farmers Automobile compared to the average Allstate policyholder.

Allstate or Farmers Automobile: 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. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

However, most policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability).

If you're looking for state minimum limits for liability insurance, Farmers Automobile generally offers significantly less expensive prices of $75 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Farmers Automobile again has the edge, with policies about $100 per month cheaper than Allstate, on average.

Is Allstate or Farmers Automobile Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with at-fault accidents and tickets on your record, but which of these two carriers offers the lowest premiums to 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 a month if they get a ticket, while Farmers Automobile typically raises premiums around $22 per month, on average.

Even so, Farmers Automobile is usually the less expensive option for both drivers who have a recent speeding ticket and those with clean records, offering prices that are $69 and $74 more affordable, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault accident with Allstate raising by just under $75. Farmers Automobile has a less extreme increase, but you can still expect to pay $30 more than you were prior to your first collision.

Overall, Farmers Automobile offers the cheapest prices for drivers with an at-fault accident on their records, with monthly premiums averaging $117 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 -- generally a lot more than an accident or ticket. Farmers Automobile drivers usually see a 51% climb in their car insurance prices after a DUI charge, while Allstate will normally raise rates by about 31%.

Farmers Automobile has the overall most affordable premiums for drivers with a DUI on their records at $178 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just three for Farmers Automobile, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Farmers Automobile Rates?

Often times, your credit score can come into play when carriers calculate your monthly bill. This isn't always the case (for example, Massachusetts and California are two states that ban the practice entirely), but it will come into play for a lot of drivers.

Insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with cheaper rates.

Looking specifically at Farmers Automobile and Allstate, which company has the lowest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Farmers Automobile. Policyholders with "excellent" credit can save just under 45% compared to Allstate, and those with "good" scores can also expect to see savings -- around $73 or 42% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Farmers Automobile typically offers lower premiums than Allstate when it comes to drivers with bad credit. Drivers with "fair" credit pay about $80 a month less with Farmers Automobile compared to Allstate, and those with "poor" scores usually save an average of around $86 a month.

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

How much you drive can have a big impact on your monthly prices. Typically, the more miles you put on your car each year, the more you can expect to pay for auto insurance.

Farmers Automobile tends to be the less expensive option for both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure. Allstate's average rates for drivers with 6,000 annual miles come in $85 more expensive than Farmers Automobile. Those who drive 12,000 miles yearly can expect to pay over $65 more with Allstate over Farmers Automobile.

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

Where you call home can play a sizable role in how much you pay for car insurance. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Farmers Automobile normally comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest premiums from both companies, but Farmers Automobile comes out on top with average prices about $84 monthly. Farmers Automobile also has cheaper average rates for policyholders in urban and suburban ZIP codes -- a $30 and $107 per month respective difference when compared to Allstate drivers in similar areas.

Allstate vs. Farmers Automobile Discounts

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

The difficult part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've taken a look at all of the different discounts Allstate and Farmers Automobile offer their customers 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 blows Farmers Automobile away when it comes to the sheer amount of discounts available, offering 40 different discounts to Farmers Automobile's 11.

There are a couple discounts both carriers offer, but Allstate also offers ABS discounts, agency transfer discounts, alert driving discounts, and more that Farmers Automobile does not.

On the flip side, Farmers Automobile has a couple unique discounts of its own -- group discounts, hybrid vehicle discounts, and seat belt discounts.

Final Thoughts: Is Allstate or Farmers Automobile Best for You?

So, we've broken down the average premiums for many of the variables car insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, which carrier is the right carrier for you and your specific profile and needs?

Farmers Automobile might be best for you if....

• You want to save money on your insurance after a collision.
• You're looking for more protection with "full coverage" auto insurance.
• You are purchasing your insurance with a spouse.

Allstate might be best for you if...

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

We hope this guide helps you get a better idea of the difference between Allstate and Farmers Automobile. We also hope we've given you the information you need to make the best decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from several carriers, not just Allstate and Farmers Automobile. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Allstate vs. Farmers Automobile FAQs

Is Allstate or Farmers Automobile cheaper?

Looking just at the national average rates, Farmers Automobile is the less expensive of the two carriers, offering average rates of $123 a month compared to $199 for Allstate. However, Farmers Automobile won't necessarily be the lowest carrier for everyone, since there are a bunch of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Farmers Automobile?

Sadly, the only answer we can give you is "it depends.". No single company is necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do Allstate and Farmers Automobile offer me different rates?

Insurance companies take a look at quite a few different variables when calculating the premiums they charge policyholders. Factors such as age, your driving record, where your home is, gender, and sometimes even things like your credit score can all come into play. Both Allstate and Farmers Automobile calculate prices using different variables, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from many different carriers.

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

The only way to find the car insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Allstate or Farmers Automobile 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.