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

Quick Facts

• In general, Indiana Farm Bureau offers slightly cheaper prices than Allstate
• Allstate may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance
• Indiana Farm Bureau offers more affordable premiums for drivers who have a speeding ticket on their driving record

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

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

You might have narrowed it down to Allstate or Indiana Farm Bureau as your top options, but which one has less expensive prices for car insurance?

As you can see, Allstate is around $19 more a month than Indiana Farm Bureau when looking at the national average rates for auto insurance.

That being said, that doesn't necessarily mean Indiana Farm Bureau will be the more affordable option for every driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your age, or even your driving record (among other things), so rates will vary quite a bit from person to person.

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

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

Allstate and Indiana Farm Bureau only compete against each other in Indiana, where Allstate offers the cheaper average prices. Allstate drivers tend to pay about $20 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

That being said, there's a lot more that goes into your auto insurance bill than just the state you live in. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any group on the road. That's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. As you can see above, teens who use Indiana Farm Bureau save 1% a month compared to those who use Allstate. It's worth noting that Allstate offers insurance in 47 different states compared to Indiana Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, both companies will decrease rates once you turn 25. For example, average prices for Allstate policyholders reduce about $300 and Indiana Farm Bureau's premiums lower almost $300 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the cheapest car insurance prices you can find. After all, they've likely been driving for quite some time, which typically reduces their chances of collisions and other infractions that can raise premiums.

When looking at Allstate and Indiana Farm Bureau specifically, which company is best for retired drivers? Indiana Farm Bureau gets the edge, with rates for drivers 65 and older nearly 20% cheaper than the national average for Allstate.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance premiums than married drivers. This usually boils down to married policyholders having several vehicles on their policy -- something several car insurance carriers will reward with discounts.

For single policyholders, the difference in average prices between these two companies is not very significant, with Indiana Farm Bureau rates coming in at around 7% less than Allstate's. But for married couples, the advantage is clear - Indiana Farm Bureau has the edge when it comes to average premiums.

Allstate or Indiana Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll normally end up paying more for insurance than women.

With Allstate, women typically pay about $10 per month less than men, and around $26 less with Indiana Farm Bureau.

When it comes to the lowest prices for each gender, Indiana Farm Bureau comes out as the most affordable option for both genders, with average rates 5% less for men and 14% cheaper for women.

Allstate vs. Indiana 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.

It's no secret that auto insurance can be a complicated subject for most people. There are so many different terms and limits 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 property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Indiana Farm Bureau has the edge, with average monthly prices coming in at $97. If you want a full coverage policy with the same state minimum limits, Indiana Farm Bureau again has the edge, with policies averaging about $263 a month to Allstate's $289.

Is Allstate or Indiana Farm Bureau Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with at-fault collisions and speeding tickets on your record, but which of these two carriers offers the cheapest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their insurance can usually expect their monthly bill to go up around 15% after getting a speeding ticket. Indiana Farm Bureau policyholders can expect a bit more drastic of an increase of about 31%.

However, Indiana Farm Bureau has less expensive premiums for drivers in both categories, offering rates that are $33 and $4 more affordable, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Allstate drivers who get in an accident can expect to see their prices rise by over 30%, while those who have insurance through Indiana Farm Bureau will see around a 35% increase.

At the end of the day, Indiana Farm Bureau offers the lowest premiums for drivers with an at-fault collision on their records, with average rates coming in at $195 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 ticket or even a collision. For example, Indiana Farm Bureau increases average prices by more than $100 per month -- that's more than a 45% increase.

Indiana Farm Bureau has the overall cheapest premiums for drivers with a DUI on their records at $224 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Indiana Farm Bureau, so the data may be skewed slightly.

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

In many cases, your credit score can be used as one of the factors to determine your monthly auto insurance rates. This isn't true for everyone (for example, Michigan and California are two states that ban the practice entirely), but it will come into play for a lot of policyholders.

Car 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, drivers with bad credit will often be forced to pay more.

Looking at Allstate and Indiana Farm Bureau specifically, which carrier has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Indiana Farm Bureau will normally reward you the most. For drivers with "excellent" credit scores, Indiana Farm Bureau comes in nearly 23.45 cheaper. Drivers with "good" credit scores generally save about 18% with Indiana Farm Bureau compared to average premiums from Allstate.

Which Company is Best for Drivers with Bad Credit?

If you have less-than-perfect credit, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay around 11% less with Indiana Farm Bureau than Allstate, but those whose credit is considered "poor" have it flipped -- saving about 5% a month with Allstate.

Is Allstate or Indiana Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly rates. Typically, the more milage you drive, the more you can expect to pay for insurance.

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

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

Where you call home can have a considerable impact on your monthly auto insurance cost. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

When comparing these two carriers side-by-side, Indiana Farm Bureau normally comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $156 monthly with Indiana Farm Bureau and $174 with Allstate. Drivers in suburban ZIP codes pay a monthly price of around $197 with Indiana Farm Bureau compared to $199 with Allstate. For drivers in urban ZIP codes, Indiana Farm Bureau's average rates are about $187 per month compared to Allstate's $222.

Allstate vs. Indiana Farm Bureau Discounts

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

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're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Indiana Farm Bureau offer their customers so that you can see which company can save you the most money each month.

Allstate knocks Indiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 40 different discounts to Indiana Farm Bureau's 15.

A couple of those are overlapping for things like discounts for being a good driver, life policy discounts, discounts for insuring multiple cars with the same company, and paperless discounts. Allstate also offers discounts for advance quote, agency transfer, alert driving, and more.

On the other hand, Indiana Farm Bureau has a few proprietary discounts of their own for things like agri-business discounts, education discounts, employee discounts, and more.

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

So, you've seen how different variables can affect your insurance premiums. We've broken down the different discounts each carrier offers, too. But, at the end of the day, which company is the best carrier for you, your vehicle, and your wallet?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You're looking for the best rates on liability only coverage.
• You are purchasing your car insurance with a spouse.

Allstate might be best for you if...

• You are considering moving to another state -- Indiana Farm Bureau Insurance only offers policies in IN.
• You're looking for discounts -- Allstate has the most.

Hopefully, this guide has ben a valuable resource as you compare Allstate and Indiana Farm Bureau and that it aids in making a more informed 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 companies, not just Allstate and Indiana Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Allstate vs. Indiana Farm Bureau FAQs

Is Allstate or Indiana Farm Bureau cheaper?

Indiana Farm Bureau is the more affordable of the two companies when looking at national average prices, with policies averaging $180 a month with Indiana Farm Bureau and $199 for Allstate. That being said, that doesn't mean Indiana Farm Bureau will be the most affordable carrier for every policyholder, since there are several different factors that come into play when it comes to your auto insurance payment.

Who is better, Allstate or Indiana Farm Bureau?

Unfortunately, the answer truly is "it depends.". No one company is "better" for each policyholder -- it all boils down to your unique insurance profile. For example, Allstate is less expensive for drivers who have less-than-stellar credit scores, while Indiana Farm Bureau offers cheaper premiums for policyholders with an at-fault accident on their record.

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

Auto insurance carriers use lots of different variables when determining the prices they charge. Things such as your driving record, age, gender, where your home is, and sometimes even things like your credit score can all come into play. Both Allstate and Indiana Farm Bureau calculate premiums differently, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from many different companies.

How do I know if Allstate or Indiana 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 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 ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Allstate or Indiana 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.