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

Quick Facts

• Looking at the national averages for insurance, Mississippi Farm Bureau offers significantly cheaper prices than Allstate
• Allstate may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance
• Mississippi Farm Bureau has less expensive rates for residents of suburban areas

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

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You might have narrowed it down to Allstate or Mississippi Farm Bureau as potential options, but between the two, which carrier will offer you more affordable prices?

As you can see, Mississippi Farm Bureau has average rates that are around 30% a month cheaper than those from Allstate when looking at the national average rates for car insurance.

But that doesn't mean Mississippi Farm Bureau will necessarily be more affordable than Allstate for every driver. Auto insurance carriers use tons of complex algorithms to determine premiums, so depending on how good your credit score is or how clean your driving record is (among several other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of Allstate or Mississippi Farm Bureau is really the best for you, keep reading to see average premiums for each carrier broken down by a bunch of different rate factors.

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

Allstate and Mississippi Farm Bureau only compete against each other in Mississippi, where Mississippi Farm Bureau offers the cheaper average prices. Mississippi Farm Bureau drivers tend to pay about $55 per month less on average compared to drivers who use Allstate for their insurance.

There's a lot more that goes into your car insurance bill than just the state you live in. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of 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 teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 40% less a month by choosing Mississippi Farm Bureau over Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Mississippi Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower rates once you turn 25. Mississippi Farm Bureau offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. Allstate's average prices reduce nearly 65% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the cheapest insurance rates you'll ever find. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise prices.

So, which company offers the best premiums to retired drivers? Mississippi Farm Bureau gets the edge here, with average rates coming in at about $94 per month compared to Allstate's $152.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be more expensive for single drivers than they are for married couples. That's because policies for married drivers usually cover several vehicles, which many carriers will give you a discount for.

For those who are single, the difference in average prices between these two companies is significant, with Mississippi Farm Bureau premiums coming in at a third less than Allstate's. The advantage is also clear for married policyholders - Mississippi Farm Bureau offers the most affordable average rates.

Allstate or Mississippi Farm Bureau: Average Rates by Gender

Because women are less likely to get tickets and get into collisions, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to charge women less than men.

With Allstate, women typically pay around $10 per month less than men, and almost $10 cheaper with Mississippi Farm Bureau when compared to their male counterparts.

When it comes to the cheapest prices for each gender, Mississippi Farm Bureau comes out on top for both men and women, with average rates 31% less for men and 31% cheaper for women.

Allstate vs. Mississippi 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.

For most people, insurance isn't the easiest topic to understand. There are a variety of different coverages that account for a range of 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.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability).

Looking specifically at state minimum liability limits, Mississippi Farm Bureau has the significant edge, with average monthly premiums coming in at $80. If you want a full coverage policy with the same state minimum limits, Mississippi Farm Bureau again has the edge, with policies averaging about $193 a month to Allstate's $289.

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

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

It's no secret secret that accidents and speeding tickets lead to higher prices, but which carrier -- Allstate or Mississippi Farm Bureau -- has the lowest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their car insurance can usually expect their monthly bill to go up around 15% after getting a speeding ticket. Mississippi Farm Bureau policyholders can expect a bit more drastic of an increase of about 24%.

However, Mississippi Farm Bureau has less expensive premiums for drivers in both categories, offering prices that are $55 and $50 more affordable, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Allstate can expect to see around an $73 -- or about 32% -- rise in their insurance premiums. Drivers who use Mississippi Farm Bureau for their car insurance will see a monthly bill around $34 (or 25%) more expensive after reporting a collision to their auto insurance company.

At the end of the day, the cheaper prices come from Mississippi Farm Bureau, with average rates coming in at $135 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 an accident or ticket. Mississippi Farm Bureau drivers usually see a 44% increase in their insurance prices after a DUI charge, while Allstate will normally climb premiums by about 31%.

Mississippi Farm Bureau has the overall most affordable rates for drivers with a DUI on their records at $179 monthly, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Mississippi Farm Bureau, so the data may be skewed slightly.

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

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect several drivers out there.

Car insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, Mississippi Farm Bureau will typically reward you the most. For policyholders with "excellent" credit scores, Mississippi Farm Bureau comes in nearly 33.1 less expensive. Drivers with "good" credit scores usually save around 33% with Mississippi Farm Bureau compared to average prices from Allstate.

Which Company is Best for Drivers with Bad Credit?

Mississippi Farm Bureau typically offers lower rates than Allstate when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about 34% per month less with Mississippi Farm Bureau compared to Allstate, and those with "poor" scores typically save an average of around 27% a month.

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

How much you drive can have a pretty big impact on how much insurance companies will charge for coverage. Generally, the more milage you put on your vehicle each year, the more you can expect to pay for coverage.

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

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

Where you live can have a large impact on your monthly auto insurance cost. Normally, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads where they live.

Mississippi Farm Bureau boasts the cheapest average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

In urban areas, Mississippi Farm Bureau's average prices are around $161 while Allstate offers rates about $222. People in suburban areas pay around $139 with Mississippi Farm Bureau compared to Allstate's $199 per month. Those in rural areas can expect to pay about $110 a month with Mississippi Farm Bureau compared to Allstate's $174.

Allstate vs. Mississippi Farm Bureau Discounts

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

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

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Mississippi Farm Bureau offer their customers so that you can find the company that has the most discounts and, therefore, the largest savings.

Allstate blows Mississippi Farm Bureau away when it comes to the sheer amount of discounts available, offering 40 different discounts to Mississippi Farm Bureau's five.

There are a couple discounts both carriers offer, but Allstate also offers discounts for ABS, advance quote, agency transfer, and more.

Mississippi Farm Bureau's discounts come through just a few categories, including Defensive Driver, Distant Student, Driver Training, and more.

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

You've seen the role certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, is Allstate or Mississippi Farm Bureau the best one for you, your vehicle, and your wallet?

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

• You have an at-fault collision on your record.
• You live in an suburban area.
• You live in a rural neighborhood.

Allstate might be best for you if...

• You are considering moving to another state -- Mississippi Farm Bureau Insurance is only available in MS.
• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Allstate and Mississippi Farm Bureau and that it aids in making a more informed decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just Allstate and Mississippi Farm Bureau. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Allstate vs. Mississippi Farm Bureau FAQs

Is Allstate or Mississippi Farm Bureau cheaper?

Mississippi Farm Bureau is the more affordable of the two carriers when looking at national average prices, with policies averaging $137 a month with Mississippi Farm Bureau and $199 for Allstate. But that doesn't mean Mississippi Farm Bureau will be the lowest carrier for every driver, since there are many different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Allstate or Mississippi Farm Bureau?

Sadly, the answer truly is "it depends.". Neither company is necessarily "better" for each policyholder -- it all depends on what your unique insurance profile looks like.

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

Car insurance companies use quite a few different factors when determining the premiums they charge. Things such as your driving record, where your home is, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Allstate and Mississippi Farm Bureau calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from multiple different carriers.

How do I know if Allstate or Mississippi Farm Bureau is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from several companies 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 ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the lowest premium. And maybe you'll find that the best carrier for you isn't Allstate or Mississippi 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.