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

Quick Facts

• Looking at the national averages for auto insurance, Imt offers significantly cheaper rates than Allstate
• Allstate offers more discounts than IMT Insurance
• Imt offers more affordable average premiums for drivers who have less-than-stellar credit

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

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

You might have narrowed your search down to Allstate or Imt for your next policy, but which company has less expensive rates for insurance?

Looking at nationwide averages, Allstate has average rates that are about 45% per month more expensive than those from Imt.

That being said, that doesn't mean Imt will necessarily be cheaper than Allstate for each driver. Car insurance companies vary their prices depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and all sorts of other factors. So, at the end of the day, rates from each carrier will differ quite a bit from person to person.

Luckily, we've broken down average prices from both Allstate and Imt by many different rate factors, so read on to find out which company is the best for you.

Allstate or Imt: Average Car Insurance Rates by State

Allstate and Imt only compete against each other in three states, with Imt offering less expensive premiums to the average driver in all of them. Wisconsin has the most noticable difference, where Imt prices are over 70% more affordable than insurance premiums at Allstate.

That being said, there are plenty of other factors that go into your auto insurance bill than just the state you live in. Read on to learn more.

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 group 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 teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Imt for their insurance pay nearly $250 less than those who use Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Imt's three, which can skew the average rates a bit, but the difference here is still considerable.

However, both carriers will offer you dramatically lower prices by the time you turn 25. For example, average premiums for Allstate policyholders decrease almost 65% and Imt's rates reduce more than 45% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which normally reduces their chances of accidents and other infractions that can increase rates.

When looking at Allstate and Imt specifically, which carrier is best for retired drivers? Imt gets the edge here, with average prices coming in at around $82 per month compared to Allstate's $152.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, Imt is the clear winner for those who are single, with premiums about $107 a month cheaper than Allstate, on average. For married policyholders, the advantage is clear again - Imt has the edge when it comes to average prices.

Allstate vs. Imt: Average Rates by Gender

Because men are more likely to get tickets and get into accidents, they raise the chances of filing a claim with insurance. Therefore, insurance companies will often charge men more than women.

Women usually pay around 4% per month less than men with Allstate, and about 10% less with Imt.

Looking at the data for each company specifically, Imt comes out on top for both men and women. On average, women save about $91 a month and men save around $88 with Imt compared to the average Allstate policyholder.

Allstate or Imt: 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.

It's no secret that insurance can be pretty complicated. There are so many different limits and terms that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages in addition to liability).

If you're looking for state minimum liability limits, Imt generally offers significantly more affordable premiums of $58 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Imt again has the edge, with policies about $150 per month less expensive than Allstate, on average.

Is Allstate or Imt Better for Drivers with Spotty Records?

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

Tickets and at-fault collisions will most likely raise your rates, but is Allstate or Imt more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Allstate policyholders can expect their prices to go up an average of $27 a month if they get a ticket, while Imt typically raises rates around $13 per month, on average.

Even so, Imt tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records -- their rates are around 51% less expensive for drivers with clean records and 51% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault accident with Allstate increasing by just under $75. Imt has a less extreme increase, but you can still expect to pay nearly $60 more than you were prior to your first collision.

Overall, drivers who use Imt end up with the cheaper prices after an accident, with monthly prices averaging $134 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 car insurance bill -- generally a lot more than a collision or ticket. For example, Allstate increases average rates by over $70 a month -- that's over a 30% increase.

Imt has the overall lowest prices for drivers with a DUI on their records at $135 a month, but it's worth noting that Allstate's average rates come from 47 states compared to just three for Imt, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Imt Rates?

Did you know that many auto insurance companies take your credit score into account when calculating premiums? This isn't always the case (Hawaii, for example, has banned the use of credit score as a rating factor) but it will come into play for many drivers.

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 normally be forced to pay more.

So, which carrier offers the most affordable premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Imt. Policyholders with "excellent" credit can save more than 40% compared to Allstate, and those with "good" scores can also expect to see savings -- about $70 or 41% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

Imt typically offers lower prices than Allstate when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $95 per month less with Imt compared to Allstate, and those with "poor" scores typically save an average of about $135 monthly.

Is Allstate or Imt 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 how much insurance companies will charge for coverage. That's because the more miles you drive, the more 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 Imt charges. However, there's a small difference in monthly premiums for Allstate, with policyholders who drive 6,000 miles yearly paying around $3 less each month compared to those who drive 12,000 miles every year. Still, Imt is the more affordable option for drivers in both categories.

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

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

When comparing these two carriers side-by-side, Imt generally comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable rates from both companies, but Imt comes out on top with average prices about $90 a month. Imt also has cheaper average premiums for policyholders in urban and suburban ZIP codes -- a 39% and 50% a month respective difference when compared to Allstate drivers in similar areas.

Allstate vs. Imt Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible. That's where insurance discounts comes into play.

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

Below, we've compared all of the different discounts offered by Allstate and Imt so that you can find the one that has the most discounts and, therefore, the biggest savings.

Allstate knocks Imt out of the park when it comes to the sheer number of discounts available, offering 31 more discounts than Imt.

Both carriers offer many of the same discounts -- like discounts for being a defensive driver, distant student discounts, and discounts for being a good student -- but Allstate also offers ABS discounts, advance quote discounts, agency transfer discounts, and more that Imt does not.

On the flip side, Imt has a couple unique discounts of its own -- commercial product discounts, group discounts, and minor child discounts.

Final Thoughts: Is Allstate or Imt Best for You?

So, you've seen how different factors can affect your auto insurance rates. We've shown you all the discounts each company offers, too. But, at the end of the day, which insurance carrier is the right company for you and your specific driver profile?

Imt might be best for you if....

• You have a DUI charge on your record.
• You have below-average credit.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

Allstate might be best for you if...

• You are considering moving to another state -- IMT Insurance only offers policies in three states.
• You're looking for discounts -- Allstate has the most.

We hope this guide has ben a valuable resource as you compare Allstate and Imt. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several companies, not just Allstate and Imt. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance carriers in your area, all in just a few minutes.

Allstate vs. Imt FAQs

Is Allstate or Imt cheaper?

Looking just at the national average premiums, Imt is the more affordable of the two companies, offering average rates of $109 per month compared to $199 for Allstate. But Imt won't necessarily be the cheapest company for everyone, since there are multiple different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Imt?

Unfortunately, the answer truly is "it depends.". No single carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Allstate and Imt offer me different rates?

Car insurance carriers take a look at quite a few different factors when determining the rates they charge policyholders. Things like gender, age, your driving record, where you park your vehicle, and sometimes even things like your credit score can all be taken into consideration. Both Allstate and Imt calculate prices using different variables, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from several different companies.

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

The only way to find the insurance carrier 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 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 car insurance companies in your area. That way, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Allstate or Imt 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.