Allstate vs. Farmers Mutual of Tennessee: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Farmers Mutual of Tennessee offers significantly less expensive prices than Allstate
• Allstate offers more discounts than Farmers Mutual of Tennessee
• Farmers Mutual of Tennessee tends to be a much more affordable option for couples purchasing auto insurance together

Allstate vs. Farmers Mutual of Tennessee: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed it down to Allstate or Farmers Mutual of Tennessee, but between the two, which company will save you the most?

Looking at the national average rates for both companies, Allstate has average rates that are about 50% per month more expensive than those from Farmers Mutual of Tennessee.

That being said, that doesn't necessarily mean Farmers Mutual of Tennessee will be the cheaper option for each driver. After all, insurance carriers can offer drastically different rates to each driver depending on rating factors like your credit score, your age, your driving record, or even where you call home (among other things), so rates could differ drastically from person to person.

Luckily, we've broken down average prices from both Allstate and Farmers Mutual of Tennessee by lots of different rate factors, so read on to find out which carrier is the best for you.

Allstate or Farmers Mutual of Tennessee: Average Car Insurance Rates by State

Allstate and Farmers Mutual of Tennessee only compete against each other in Tennessee, where Farmers Mutual of Tennessee offers the cheaper average premiums. For Tennessee residents, Farmers Mutual of Tennessee offers car insurance for $100 a month on average. Allstate's average prices come out to be over 70% more expensive, at $193 monthly.

That being said, there's a lot more that goes into your auto insurance cost than just where you call home. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any other group of drivers out there on the road. It's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. As you can see above, teens who use Farmers Mutual of Tennessee save more than $200 a month compared to those who use Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Farmers Mutual of Tennessee's one, which can skew the average prices a bit, but the difference here is still considerable.

However, both companies will reduce rates by the time drivers turn 25. For example, average premiums for Allstate policyholders drop nearly $300 and Farmers Mutual of Tennessee's prices lower around $150 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance premiums you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

But who has the best prices for retired drivers between Allstate and Farmers Mutual of Tennessee? Farmers Mutual of Tennessee gets the edge, with premiums for drivers 65 and older over 55% less expensive than the national average for Allstate.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, Farmers Mutual of Tennessee is the clear winner for single policyholders, with premiums about $113 per month more affordable than Allstate, on average. The advantage is also clear for married drivers - Farmers Mutual of Tennessee offers the cheapest average rates.

Allstate vs. Farmers Mutual of Tennessee: Average Rates by Gender

Because men are more likely to get into accidents and get tickets, they have an increased chance of filing a claim with insurance. Therefore, men generally pay more for insurance than women.

On average, men see prices around 4% a month higher with Allstate, while with Farmers Mutual of Tennessee, the difference is closer to 16% per month.

Looking at overall affordability, Farmers Mutual of Tennessee comes out as the lowest option for both genders. On average, women save about $103 a month and men save about $95 with Farmers Mutual of Tennessee compared to the average Allstate policyholder.

Allstate or Farmers Mutual of Tennessee: 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.

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

Even so, most policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to liability).

If you're looking for state minimum liability insurance, Farmers Mutual of Tennessee normally offers significantly cheaper rates of $44 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Farmers Mutual of Tennessee again has the edge, with policies around $150 per month more affordable than Allstate, on average.

Is Allstate or Farmers Mutual of Tennessee Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Tickets and at-fault accidents will most likely raise your prices, but is Allstate or Farmers Mutual of Tennessee cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Farmers Mutual of Tennessee car insurance policies don't report seeing their premiums increase after getting a ticket, but Allstate policyholders can expect to see their monthly bill increase by.

But Farmers Mutual of Tennessee tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 45% less expensive for drivers with clean records and 53% 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 accident with Allstate raising by just under $75. Farmers Mutual of Tennessee has a less extreme raise, but you can still expect to pay $3 more than you were prior to your first collision.

Overall, Farmers Mutual of Tennessee offers the most affordable rates for drivers with an at-fault accident on their records, with monthly premiums averaging $89 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. For example, Allstate increases average prices by over $70 a month -- that's over a 30% increase.

Farmers Mutual of Tennessee has the overall lowest rates for drivers with a DUI on their records at $137 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Farmers Mutual of Tennessee, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Farmers Mutual of Tennessee Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for several 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.

Looking specifically at Allstate and Farmers Mutual of Tennessee, which carrier has the cheapest 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 Mutual of Tennessee. Policyholders with "excellent" credit can save more than 35% compared to Allstate, and those with "good" scores can also expect to see savings -- about $76 or 44% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Farmers Mutual of Tennessee typically offers lower premiums than Allstate when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $102 per month less with Farmers Mutual of Tennessee compared to Allstate, and those with "poor" scores usually save an average of about $164 a month.

Is Allstate or Farmers Mutual of Tennessee 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. 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.

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

Allstate vs. Farmers Mutual of Tennessee: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a substantial impact as well. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because there are a lot fewer vehicles on the roads in those areas.

Farmers Mutual of Tennessee boasts the lowest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Farmers Mutual of Tennessee offers prices about $114 monthly compared to Allstate's $222. People who live in suburban ZIP codes can expect to pay around $95 a month for Farmers Mutual of Tennessee and $199 for Allstate. Lastly, those in rural areas tend to get the cheapest premiums from both companies, with average monthly prices coming in at $89 and $174 for Farmers Mutual of Tennessee and Allstate respectively.

Allstate vs. Farmers Mutual of Tennessee Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you can take advantage of.

Below, we've broken down all of the different discounts offered by both Allstate and Farmers Mutual of Tennessee so that you can see which one can save you the most money each month.

Allstate blows Farmers Mutual of Tennessee away when it comes to the sheer amount of discounts available, offering 35 more discounts than Farmers Mutual of Tennessee.

Both carriers offer a lot of the same discounts -- like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and multi-policy discounts -- but Allstate also offers ABS discounts, advance quote discounts, agency transfer discounts, and more that Farmers Mutual of Tennessee does not.

On the flip side, Farmers Mutual of Tennessee has a unique discount of its own -- a forgiveness discounts.

Final Thoughts: Is Allstate or Farmers Mutual of Tennessee Best for You?

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

Farmers Mutual of Tennessee might be best for you if....

• You've received a ticket for speeding recently and don't want to see your premiums rise.
• You want basic auto insurance coverage at the state minimum limits.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Allstate might be best for you if...

• You're planning on moving to another state soon -- Farmers Mutual of Tennessee is only available in Tennessee.
• 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 Mutual of Tennessee and that you can now make a more informed decision when it comes to your car 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 auto insurance -- comparing quotes from multiple companies, not just Allstate and Farmers Mutual of Tennessee. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Allstate vs. Farmers Mutual of Tennessee FAQs

Is Allstate or Farmers Mutual of Tennessee cheaper?

Looking just at the national average prices, Farmers Mutual of Tennessee is the more affordable of the two companies, offering average rates of $100 per month compared to $199 for Allstate. However, Farmers Mutual of Tennessee won't necessarily be the lowest carrier for every driver, since there are a range of different factors that are considered when it comes to your car insurance payment.

Who is better, Allstate or Farmers Mutual of Tennessee?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Allstate and Farmers Mutual of Tennessee offer me different rates?

Auto insurance carriers take a look at quite a few different variables when calculating the rates they charge policyholders. Factors such as your driving record, age, where you park your car, gender, and sometimes even things like your credit score can all be used. Both Allstate and Farmers Mutual of Tennessee calculate premiums using different variables, so each one will most likely offer different prices. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from many different companies.

How do I know if Allstate or Farmers Mutual of Tennessee 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 carriers 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 area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the most affordable price. And who knows, the best carrier for you might not be Allstate or Farmers Mutual of Tennessee 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.