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

Quick Facts

• Looking at the national averages for insurance, Oklahoma Farm Bureau offers more affordable prices than Allstate
• Allstate may help you save more money -- they offer more discounts than Oklahoma Farm Bureau Insurance
• Oklahoma Farm Bureau offers less expensive average rates for policyholders who live in urban areas

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

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

You might have narrowed it down to Allstate or Oklahoma Farm Bureau for your next policy, but which carrier will offer you cheaper prices?

Looking at nationwide averages, Oklahoma Farm Bureau has average rates that are around 13% a month more affordable than those from Allstate.

But Oklahoma Farm Bureau may not be the cheapest or best option for each driver out there. Car insurance carriers vary their premiums depending on things like how good your credit score is, where you live, how clean your driving record is, how old you are, and a ton of other factors, so rates could vary drastically from person to person.

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

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

Allstate and Oklahoma Farm Bureau only compete against each other in Oklahoma, where Allstate offers the cheaper average prices. Allstate drivers tend to pay about $16 per month less on average compared to drivers who use Oklahoma Farm Bureau for their insurance.

That being said, there's a lot more that goes into your auto insurance payment than just your home state. 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. That's typically 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 teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Oklahoma Farm Bureau for their insurance pay almost 15% less than those who use Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Oklahoma Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both companies, you'll see your rates drop significantly once you turn 25. For example, average prices for Allstate policyholders reduce nearly 65% and Oklahoma Farm Bureau's rates lower almost 55% over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable prices you'll ever see.

So, which carrier offers the best premiums to retired drivers? Oklahoma Farm Bureau gets the edge, with rates for drivers 65 and older $33 less expensive 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 insurance premiums than married drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something lots of car insurance carriers will reward with discounts.

For single drivers, the difference in average prices between these two companies is significant, with Oklahoma Farm Bureau premiums coming in at about 10% less than Allstate's. For married couples, the advantage is clear again - Oklahoma Farm Bureau has the edge when it comes to average rates.

Allstate or Oklahoma Farm Bureau: Average Rates by Gender

Did you know men normally pay more for insurance than women? This is because men are statistically more likely than women to get into accidents and get speeding tickets, which leads to increased risk for insurers and, therefore, higher prices.

Usually, women see premiums around 4% a month less with Allstate, and about 14% less with Oklahoma Farm Bureau.

Looking at the data for each company specifically, Oklahoma Farm Bureau offers the lowest average rates for both men and women, with average prices $15 less for men and $33 cheaper for women.

Allstate vs. Oklahoma 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.

Auto insurance isn't the easiest topic to understand. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

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

Looking specifically at state minimum liability insurance, Oklahoma Farm Bureau has the edge, with average monthly premiums coming in at $93. If you want a full coverage policy with the same state minimum limits, Oklahoma Farm Bureau again has the edge, with policies averaging around $256 per month to Allstate's $289.

Is Allstate or Oklahoma 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 speeding tickets and collisions on your record, but which of these two carriers offers the cheapest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their auto insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. Oklahoma Farm Bureau policyholders can expect a less drastic increase of around 10%.

Even so, Oklahoma Farm Bureau tends to offer the best prices for both drivers who have a recent ticket and those with clean records. With Oklahoma Farm Bureau Insurance, drivers with a clean record can save about $14 a month and drivers with a speeding ticket can save around $25 per month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Allstate can expect to see about an $73 -- or around 32% -- rise in their auto insurance rates. Drivers who use Oklahoma Farm Bureau for their car insurance will see a monthly bill about $16 (or 10%) more expensive after reporting an accident to their insurance carrier.

At the end of the day, the cheaper premiums come from Oklahoma Farm Bureau, with average prices coming in at $158 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 auto insurance bill -- normally a lot more than a collision or ticket. For example, Oklahoma Farm Bureau increases average rates by nearly $100 a month -- that's more than a 40% increase.

Allstate has the overall lowest premiums 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 Oklahoma Farm Bureau, so the data may be skewed slightly.

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

In many cases, your credit score can be used as one of the variables to determine your monthly car insurance rates. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it might come into play for several drivers.

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Allstate and Oklahoma Farm Bureau, which company has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Allstate will typically reward you the most. For drivers with "excellent" credit scores, Allstate comes in over 16.67 more affordable. Drivers with "good" credit scores generally save around 1% with Allstate compared to average rates from Oklahoma Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

Oklahoma Farm Bureau typically offers lower premiums than Allstate when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 14% per month less with Oklahoma Farm Bureau compared to Allstate, and those with "poor" scores typically save an average of around 36% monthly.

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

How much you drive can have a big impact on how much auto insurance companies will charge for coverage. Generally, those who drive fewer miles will end up with cheaper prices 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 Oklahoma Farm Bureau charges. However, there's a small difference in monthly rates for Allstate, with policyholders who drive 6,000 miles each year paying about $3 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Oklahoma Farm Bureau is the less expensive company.

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

Where you park your car can play a pretty big role in how much you pay for insurance. Normally, 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.

Oklahoma Farm Bureau boasts the cheapest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Oklahoma Farm Bureau Insurance's average rates are around $40 less than Allstate. People who live in suburban areas pay about $10 less with Oklahoma Farm Bureau compared to Allstate. Those in rural areas can expect to save around $22 with Oklahoma Farm Bureau compared to Allstate.

Allstate vs. Oklahoma Farm Bureau Discounts

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

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

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Oklahoma Farm Bureau offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

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

Both carriers offer quite a few of the same discounts -- like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and multi-policy discounts -- but Allstate also offers discounts for ABS, advance quote, agency transfer, and more.

On the other hand, Oklahoma Farm Bureau has a proprietary discount of their own -- a group discounts.

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

So, we've broken down the average premiums for many of the factors insurance companies look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, is Allstate or Oklahoma Farm Bureau the best one for you and your specific driver profile?

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

• You have a clean driving record, free of accidents, tickets, or DUIs.
• Your home is in a busy urban area.
• You are purchasing your car insurance with a spouse.

Allstate might be best for you if...

• Your driving record includes a DUI charge.
• You have above-average credit.
• You're looking for discounts -- Allstate has the most.

Hopefully, this guide helps you get a good idea of the differences between Allstate and Oklahoma Farm Bureau. We also hope we've given you the information you need to make the best decision about your auto 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 Oklahoma Farm Bureau. Luckily, sites like Compare.com make 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 companies in your area, all in just a few minutes.

Allstate vs. Oklahoma Farm Bureau FAQs

Is Allstate or Oklahoma Farm Bureau cheaper?

Oklahoma Farm Bureau is the cheaper of the two carriers when looking at national average prices, with policies averaging $174 a month with Oklahoma Farm Bureau and $199 for Allstate. But that doesn't mean Oklahoma Farm Bureau will be the most affordable company for each driver, since there are lots of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Oklahoma Farm Bureau?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all boils down to your unique car insurance profile.

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

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

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

The only way to find the insurance carrier 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 car insurance carriers for free. With those, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best company for you isn't Allstate or Oklahoma 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.