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

Quick Facts

• Looking at the national averages for auto insurance, Allstate offers significantly less expensive premiums than MetLife
• Allstate offers more discounts than MetLife
• Allstate offers more affordable rates for residents of urban areas

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

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might have narrowed your search down to Allstate or MetLife for your next policy, but between the two, which company will save you the most?

Looking at the national average rates for both companies, Allstate is quite a bit cheaper than MetLife, with premiums averaging $199 per month compared to $340 with MetLife.

Even so, Allstate may not be the cheapest or best option for each driver out there. Car insurance carriers use a ton of complex algorithms to calculate prices, so depending on how good your credit score is or where you live (among a wide array of other factors), you could see wildly different rates from the ones above.

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

Allstate or MetLife: Average Car Insurance Rates by State

Allstate and MetLife compete against each other in 40 states, with Allstate offering cheaper premiums to the average driver in all but three of them. If you live in Delaware, Massachusetts, or North Carolina, MetLife is the more affordable of the two companies when looking at the overall average prices, but Allstate is the cheaper option in most of the others.

But there's more to calculating auto insurance premiums than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for car insurance compared to older drivers. That's generally 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 Allstate save more than $500 a month compared to those who use MetLife.

However, both carriers will drop premiums by the time drivers turn 25. For example, average rates for Allstate policyholders reduce nearly 65% and MetLife's prices lower over 70% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Allstate and MetLife specifically, which company is best for retired drivers? Allstate gets the edge here, with average premiums coming in at about $152 a month compared to MetLife's $205.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be cheaper for married drivers than they are for those who are single. This usually boils down to married policyholders having more than one car on their policy -- something several auto insurance companies will reward with discounts.

When it comes to relationship status, Allstate is the clear winner for single drivers, with rates around $203 per month more affordable than MetLife, on average. The advantage is also clear for married couples - Allstate offers the most affordable average premiums.

Allstate vs. MetLife: Average Rates by Gender

You may not know, but insurance is typically more expensive for men than for women. This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

Typically, women see prices almost $10 a month less expensive with Allstate, while with MetLife, the difference is closer to $28 per month.

When it comes to the cheapest rates for each gender, Allstate offers the most affordable average premiums for both men and women. On average, women save about $132 a month and men save about $151 with Allstate compared to the average MetLife policyholder.

Allstate or MetLife: 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.

Car insurance can be a complicated subject for most people. There are a bunch of different coverages that account for many different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

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

If you're looking for state minimum liability insurance, Allstate normally offers significantly cheaper rates of $108 compared to MetLife's $215. When it comes to full coverage policies with similar limits, Allstate again has the edge, with policies around $200 per month less expensive than MetLife, on average.

Is Allstate or MetLife 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.

You'll probably end up paying more with tickets and at-fault accidents 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 prices to go up an average of $27 a month if they get a ticket, while MetLife typically raises premiums about $59 per month, on average.

But Allstate is generally the more affordable option for drivers both with clean records and with a speeding ticket, offering rates that are 29% and 34% less expensive, respectively, compared to MetLife.

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 MetLife climbing by just under $150. Allstate has a less extreme increase, but you can still expect to pay nearly $75 more than you were prior to your first collision.

Overall, the more affordable rates come from Allstate, with monthly prices averaging $229 compared to MetLife's $368.

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 ticket. For example, MetLife increases average premiums by over $250 a month -- that's over a 55% increase.

If you have a DUI on your record and are looking for more affordable rates, Allstate tends to be the much cheaper option with average premiums of $227 monthly compared to $494 from MetLife.

How does Credit Score Impact Allstate and MetLife Rates?

In many cases, your credit score can come into play when carriers determine your monthly bill. This isn't always the case (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it might come into play for lots of drivers.

The reasoning car insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with more affordable prices.

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

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Allstate. Policyholders with "excellent" credit can save just under 35% compared to MetLife, and those with "good" scores can also expect to see savings -- around $102 or 37% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Allstate typically offers lower prices than MetLife when it comes to drivers with bad credit. Drivers with "fair" credit pay about $136 per month less with Allstate compared to MetLife, and those with "poor" scores normally save an average of around $255 per month.

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

How much you drive can have a substantial impact on your monthly auto insurance cost. Generally, those who drive less will end up with less expensive rates since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Allstate offers cheaper prices than MetLife. Allstate's average rates for drivers with 6,000 annual miles come in about 42% less expensive than MetLife. Those who drive 12,000 miles yearly can expect to pay around 42% less with Allstate over MetLife.

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

Where you call home can have a big impact on your monthly car insurance payment. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of vehicles that are on the roads in those areas.

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

For drivers in urban ZIP codes, Allstate offers premiums about $222 monthly compared to MetLife's $389. People who live in suburban ZIP codes can expect to pay around $199 a month for Allstate and $333 for MetLife. Lastly, those in rural areas tend to get the cheapest prices from both companies, with average monthly rates coming in at $174 and $299 for Allstate and MetLife respectively.

Allstate vs. MetLife 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, and the best way to do that is by taking advantage of as many insurance discounts as you can.

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

In the table below, we've taken a look at all of the different discounts Allstate and MetLife offer their customers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Allstate has the advantage when it comes to total number of discounts. MetLife offers a grand total of 36 discounts, while Allstate has 40.

There are a couple discounts both carriers offer, but Allstate also offers advance quote discounts, alert driving discounts, COVID-19 relief discount, and more that MetLife does not.

On the flip side, MetLife has a couple unique discounts of its own -- AAA discounts, academic discounts, combat auto-theft discounts, and more.

Final Thoughts: Is Allstate or MetLife Best for You?

So, we've broken down the average prices for many of the factors auto 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, is Allstate or MetLife the right fit for you?

Allstate might be best for you if....

• You've received a ticket for speeding recently and don't want to see your premiums climb.
• Your neighborhood is in a city.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

MetLife might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide has ben a valuable resource as you compare Allstate and MetLife and that you can now make a more informed decision when it comes to your insurance.

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

Allstate vs. MetLife FAQs

Is Allstate or MetLife cheaper?

Looking just at the national average prices, Allstate is the more affordable of the two carriers, offering average rates of $199 per month compared to $340 for MetLife. That being said, Allstate won't necessarily be the lowest carrier for every policyholder, since there are a range of different variables that are considered when it comes to your auto insurance bill.

Who is better, Allstate or MetLife?

Unfortunately, the real answer is "it depends.". No one company is necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Allstate and MetLife offer me different rates?

Auto insurance companies take a look at a lot of different factors when calculating the premiums they charge policyholders. Variables such as where you park your car, where you live, gender, age, and sometimes even things like your credit score can all come into play. Both Allstate and MetLife use different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different carriers.

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

The only way to find the 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 does all the hard work for you. Just enter your information once 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 most affordable price. And who knows, the best carrier for you might not be Allstate or MetLife 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.