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

Quick Facts

• Based on national averages for insurance, North Carolina Farm Bureau offers significantly cheaper premiums than Allstate
• Allstate may help you save more money -- they offer more discounts than North Carolina Farm Bureau
• North Carolina Farm Bureau offers less expensive average prices for drivers who have below-average credit

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

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

You might be considering Allstate or North Carolina Farm Bureau as potential options, but between the two, which carrier will offer you more affordable premiums?

Looking at nationwide averages, Allstate has average rates that are around 35% a month more expensive than those from North Carolina Farm Bureau.

Even so, that doesn't necessarily mean North Carolina Farm Bureau will be the less expensive option for every single driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, your driving record, your credit score, or even where you call home (among other things). So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

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

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

Allstate and North Carolina Farm Bureau only compete against each other in North Carolina, where North Carolina Farm Bureau offers the cheaper average prices. North Carolina Farm Bureau drivers tend to pay about $159 per month less on average compared to drivers who use Allstate for their auto insurance.

But there's more to calculating insurance premiums than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for car insurance compared to older drivers. It's because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

That being said, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. Just look at the table above -- where 18-year-old drivers who have North Carolina Farm Bureau for their insurance pay over 60% less than those who use Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to North Carolina Farm Bureau's one, which can skew the average prices a bit, but the difference here is still considerable.

But both companies will drop premiums by the time drivers turn 25. North Carolina Farm Bureau offers the steepest reduction, with 25-year-olds paying a third less what 18-year-old drivers are charged. Allstate's average rates decrease almost 65% during that same period.

Which is the Best Company for Retired Drivers?

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

But who has the best premiums for retired drivers between Allstate and North Carolina Farm Bureau? North Carolina Farm Bureau gets the edge here, with average prices coming in at about $120 monthly compared to Allstate's $152.

Which is the Best Company for Married Drivers?

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

For single drivers, the difference in average premiums between these two companies is significant, with North Carolina Farm Bureau rates coming in at around 40% less than Allstate's. The advantage is also clear for married policyholders - North Carolina Farm Bureau offers the cheapest average prices.

Allstate or North Carolina Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to auto insurance men will generally end up paying a little more.

Normally, men see premiums about 4% a month higher with Allstate; everyone gets the same monthly rates regardless of gender with North Carolina Farm Bureau.

When it comes to the most affordable prices for each gender, North Carolina Farm Bureau offers the lowest average premiums for both men and women. On average, women save about $64 per month and men save around $73 with North Carolina Farm Bureau compared to the average Allstate policyholder.

Allstate vs. North Carolina 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, car insurance isn't the easiest topic to understand. There are several 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 an accident.

However, most policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, North Carolina Farm Bureau has the significant edge, with average monthly prices coming in at $78. If you want a full coverage policy with the same state minimum limits, North Carolina Farm Bureau again has the edge, with policies averaging about $182 a month to Allstate's $289.

Is Allstate or North Carolina Farm Bureau 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.

Speeding tickets and at-fault collisions will most likely raise your rates, but is Allstate or North Carolina Farm Bureau cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their auto insurance can typically expect their monthly bill to go up around 15% after getting a speeding ticket. North Carolina Farm Bureau policyholders can expect a bit more drastic of an increase of about 29%.

But North Carolina Farm Bureau tends to offer the best prices for both drivers who have clean records and those with a recent ticket, offering prices that are 54% and 45% less expensive, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Both companies will raise premiums pretty significantly if you get into an at-fault collision with Allstate climbing by around 32%. North Carolina Farm Bureau has a less extreme increase, but you can still expect to pay nearly 30% more than you were prior to your first accident.

At the end of the day, North Carolina Farm Bureau offers the cheapest rates for drivers with an at-fault collision on their records, with average premiums coming in at $100 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your car insurance bill. North Carolina Farm Bureau drivers usually see a 72% raise in their insurance rates after a DUI charge, while Allstate will generally climb prices by about 31%.

Allstate has the overall most affordable rates for drivers with a DUI on their records at $227 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for North Carolina Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Allstate and North Carolina Farm Bureau Rates?

Did you know many car insurance carriers take your credit score into account when determining premiums? This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it will come into play for lots of drivers.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

So, which carrier offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, North Carolina Farm Bureau will usually reward you the most. For drivers with "excellent" credit scores, North Carolina Farm Bureau comes in just under 33.1 more affordable. Drivers with "good" credit scores normally save around 35% with North Carolina Farm Bureau compared to average rates from Allstate.

Which Company is Best for Drivers with Bad Credit?

North Carolina Farm Bureau typically offers lower premiums than Allstate when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 38% per month less with North Carolina Farm Bureau compared to Allstate, and those with "poor" scores usually save an average of around 33% a month.

Is Allstate or North Carolina Farm Bureau 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 large impact on your monthly prices? Normally, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident 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 North Carolina Farm Bureau charges. However, there's a small difference in monthly prices for Allstate, with drivers who put 6,000 miles on their car annually paying about $3 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, North Carolina Farm Bureau is the more affordable company.

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

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

When comparing these two carriers side-by-side, North Carolina Farm Bureau typically comes out as the lowest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 28% with North Carolina Farm Bureau compared to Allstate. People who live in suburban areas pay about 28% less with North Carolina Farm Bureau compared to Allstate. For policyholders in urban ZIP codes, North Carolina Farm Bureau's average premiums are around 46% less than Allstate.

Allstate vs. North Carolina Farm Bureau Discounts

No matter 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 you can. That's where car insurance discounts comes into play.

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Allstate and North Carolina Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Allstate blows North Carolina Farm Bureau away when it comes to the sheer amount of discounts available, offering 37 more discounts than North Carolina Farm Bureau.

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

On the other hand, North Carolina Farm Bureau has a proprietary discount of their own -- a protection plus discounts.

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

You've seen the effect certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Allstate or North Carolina Farm Bureau the right fit for you?

North Carolina Farm Bureau might be best for you if....

• You will be the only person on the auto insurance policy.
• You're looking for the best rates on liability only coverage.
• You're of retirement age and want to take advantage of lower prices.

Allstate might be best for you if...

• You're planning on moving to another state soon -- North Carolina Farm Bureau is only available to North Carolina residents.
• Your driving record includes a DUI charge.
• You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Allstate and North Carolina Farm Bureau. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Allstate and North Carolina Farm Bureau. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Allstate vs. North Carolina Farm Bureau FAQs

Is Allstate or North Carolina Farm Bureau cheaper?

North Carolina Farm Bureau is the cheaper of the two companies when looking at national average premiums, with policies averaging $130 a month with North Carolina Farm Bureau and $199 for Allstate. However, that doesn't mean North Carolina Farm Bureau will be the most affordable company for every policyholder, since there are lots of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or North Carolina Farm Bureau?

Sadly, the real answer is "it depends.". One carrier is not "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, North Carolina Farm Bureau is less expensive for drivers with excellent credit, while Allstate offers cheaper rates for drivers with a recent DUI.

Why do Allstate and North Carolina Farm Bureau offer me different rates?

Auto insurance carriers use quite a few different variables when calculating the prices they charge. Factors such as your driving record, where you live, age, gender, and sometimes even things like your credit score can all be used. Both Allstate and North Carolina Farm Bureau calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the car insurance carrier 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 do all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the lowest premium. And maybe you'll find that the best company for you isn't Allstate or North Carolina 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.