Allstate vs. Hastings Mutual: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Allstate offers slightly less expensive prices than Hastings Mutual
• Allstate offers more affordable average premiums for policyholders who live in urban areas
• Hastings Mutual has cheaper prices in IA, IL, IN, MI, OH, and WI

Allstate or Hastings Mutual: Which Company has the Cheapest Car Insurance?

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

You might be considering Allstate or Hastings Mutual as your top options, but between the two, which company will offer you less expensive premiums?

Looking at nationwide averages, Hastings Mutual is around $12 more a month than Allstate.

But Allstate may not be the most affordable or best option for each driver out there. Auto insurance carriers vary their rates depending on things like how good your credit score is, how clean your driving record is, how old you are, where you live, and all sorts of other factors, so premiums could differ drastically from person to person.

Wanting to know if Allstate or Hastings Mutual 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. Hastings Mutual: Average Car Insurance Rates by State

Allstate and Hastings Mutual compete against each other in five states, with Hastings Mutual offering cheaper prices to the average driver in all of them. If you live in Illinois, Allstate is the more affordable of the two companies when looking at the overall average premiums. Hastings Mutual is the cheaper option in Iowa, Indiana, Ohio, and Wisconsin.

But there's more to car insurance than just your home state. As we mentioned above, there's a lot of things that go into how insurance carriers determine your prices. Continue reading to learn more about how other variables 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. Usually, that's because 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.

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 Hastings Mutual for their car insurance pay almost 15% less than those who use Allstate.

However, with both companies, you'll see your prices lower significantly by the time drivers turn 25. For example, average premiums for Allstate policyholders reduce about $300 and Hastings Mutual's rates decrease around $150 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest prices out there.

When looking at Allstate and Hastings Mutual specifically, which company is best for retired drivers? Allstate gets the slight edge, with premiums for drivers 65 and older $15 less expensive than the national average for Hastings Mutual.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more affordable for married policyholders than they are for those who are single. This usually boils down to married couples having multiple vehicles on their policy -- something many insurance carriers will reward with discounts.

For single drivers, the difference in average prices between these two companies is not very significant, with Allstate rates coming in at about 0% less than Hastings Mutual's. The advantage for married drivers is more obvious, where drivers who use Allstate save nearly $30 per month.

Allstate or Hastings Mutual: Average Rates by Gender

Men are statistically more likely than women to get into collisions and get tickets, which means they'll typically end up paying more for auto insurance than women.

With Allstate, women generally pay around 4% a month less than men, and about 2% less with Hastings Mutual.

Looking at the data for each carrier specifically, Allstate offers the cheapest average premiums for both men and women, with average rates 5% less for men and 7% cheaper for women.

Allstate vs. Hastings Mutual: 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, car insurance isn't the easiest topic to understand. There are lots of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause an accident) and full coverage (which typically refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

When it comes to state minimum liability insurance, Allstate has the edge, while Hastings Mutual offers the lowest average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $35 with Allstate, while full coverage comes out to be around $10 cheaper with Hastings Mutual Insurance Company.

Is Allstate or Hastings Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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.

Collisions and speeding tickets will most likely raise your rates, but is Allstate or Hastings Mutual more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Allstate for their auto insurance can normally expect their monthly bill to go up about 15% after getting a speeding ticket. Hastings Mutual policyholders can expect a bit more drastic of an increase of around 16%.

That being said, Hastings Mutual tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 30% less expensive for drivers with clean records and 30% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Allstate policyholders who get in a collision can expect to see their premiums climb by just under $75, while those who have insurance through Hastings Mutual will see about a $15 increase.

At the end of the day, the cheaper prices come from Hastings Mutual, with average premiums coming in at $126 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 -- usually a lot more than an accident or speeding ticket. For example, Hastings Mutual increases average rates by more than $350 per month -- that's more than a 75% increase.

But if you end up with a DUI charge and are looking for more affordable prices, Allstate tends to be less expensive for the average driver, with monthly premiums coming in at around $227 to Hastings Mutual's $478.

How does Credit Score Impact Allstate and Hastings Mutual Rates?

Did you know many auto insurance companies take into account your credit score when determining premiums? This isn't true for everyone (Michigan, for example, has banned the use of credit score as a car insurance factor) but it does affect several drivers out there.

The reasoning car insurance carriers use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will generally be forced to pay more.

Looking at Allstate and Hastings Mutual specifically, which one has the most affordable prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Allstate will typically reward you the most. For policyholders with "excellent" credit scores, Allstate comes in nearly 13.17 more affordable. Drivers with "good" credit scores normally save about 11% with Allstate compared to average premiums from Hastings Mutual.

Which Company is Best for Drivers with Bad Credit?

Allstate typically offers lower rates than Hastings Mutual when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 2% a month less with Allstate compared to Hastings Mutual, and those with "poor" scores generally save an average of about 0% a month.

Is Allstate or Hastings Mutual 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 considerable impact on how much auto insurance companies will charge for coverage? Usually, those who drive fewer miles will end up with cheaper prices since there's less of a chance of causing a collision 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 Hastings Mutual charges. However, there's a small difference in monthly rates for Allstate, with policyholders who drive 6,000 miles every year paying around $3 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Allstate is the less expensive company.

Allstate or Hastings Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a sizable role in how much you pay for car insurance. Typically, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders due to the small number of cars that are on the roads where they live.

Looking at these carriers side-by-side, Hastings Mutual boasts the lowest average prices in rural and suburban areas, while Allstate wins in urban areas.

Those in rural areas can expect to save about 6% with Hastings Mutual compared to Allstate. People who live in suburban areas pay around 11% less with Hastings Mutual compared to Allstate. For drivers in urban ZIP codes, Allstate's average premiums are about 24% less than Hastings Mutual Insurance Company.

Allstate vs. Hastings Mutual 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, and the best way to do that is by utilizing as many auto insurance discounts as possible.

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 can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Hastings Mutual 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 Hastings Mutual away when it comes to the sheer amount of discounts available, offering 30 more discounts than Hastings Mutual.

Both companies offer lots of the same discounts -- like discounts for being a defensive driver, discounts for being a good driver, and passive restraint discounts -- but Allstate also offers discounts for advance quote, agency transfer, alert driving, and more.

On the other hand, Hastings Mutual has a few proprietary discounts of their own like company car discounts and workloss exclusion discounts.

Final Thoughts: Is Allstate or Hastings Mutual Best for You?

You've seen the role certain factors have on your insurance and the different discounts carriers offer. But, when it comes down to it, which insurance carrier is the right carrier for you and your specific profile and needs?

Allstate might be best for you if....

• You're worried about the impact your credit score will have on your rates.
• You already have a great credit score.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Hastings Mutual might be best for you if...

• You've received a ticket for speeding recently and don't want to see your prices increase.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing insurance for a teenager.

Hopefully, this guide helps you get a better idea of the difference between Allstate and Hastings Mutual. 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 multiple companies, not just Allstate and Hastings Mutual. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Allstate vs. Hastings Mutual FAQs

Is Allstate or Hastings Mutual cheaper?

Allstate is the more affordable of the two companies when looking at national average premiums, with policies averaging $199 per month with Allstate and $211 for Hastings Mutual. Even so, that doesn't mean Allstate will be the cheapest company for everyone, since there are a range of different variables that are considered when it comes to your auto insurance bill.

Who is better, Allstate or Hastings Mutual?

Sadly, the real answer is "it depends.". No one carrier is necessarily "better" for every policyholder -- it all boils down to your unique car insurance profile. For example, Allstate is cheaper for drivers who have less-than-stellar credit scores, while Hastings Mutual offers less expensive prices for policyholders with an at-fault collision on their record.

Why do Allstate and Hastings Mutual offer me different rates?

Insurance carriers use quite a few different factors when calculating the premiums they charge. Things such as your driving record, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Allstate and Hastings Mutual calculate rates using different variables, 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 a bunch of different companies.

How do I know if Allstate or Hastings Mutual is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several 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 information once 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 best premium. And maybe you'll find that the best company for you isn't Allstate or Hastings Mutual 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.