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

Quick Facts

• In general, Pekin offers significantly cheaper rates than Allstate
• Allstate offers more discounts than Pekin Insurance
• Pekin tends to be a much less expensive option for people who are single and purchasing insurance by yourself

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

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Allstate or Pekin as potential options, but between the two, which company has more affordable prices for auto insurance?

Looking at nationwide averages, Pekin has average rates that are about 65% per month less expensive than those from Allstate.

However, that doesn't mean Pekin will necessarily be cheaper than Allstate for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, your age, your driving record, or even where you call home (among other things). So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

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

Allstate or Pekin: Average Car Insurance Rates by State

Allstate and Pekin only compete against each other in Indiana, where Pekin offers the cheaper average premiums. For Indiana residents, Pekin offers insurance for $74 per month on average. Allstate's average rates come out to be over 70% more expensive, at $160 monthly.

But there's more to calculating auto insurance prices than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance premiums of any group out there on the road. That's typically 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 prices, teen drivers can still find ways to save money. As you can see above, teens who use Pekin save nearly $300 a month compared to those who use Allstate. It's worth noting that Allstate offers car insurance in 47 different states compared to Pekin's one, which can skew the average rates a bit, but the difference here is still considerable.

Even so, both carriers will offer you dramatically lower premiums by the time drivers turn 25. For example, average prices for Allstate policyholders reduce almost $300 and Pekin's rates decrease more than $100 over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Allstate and Pekin specifically, which carrier is best for retired drivers? Pekin gets the edge here, with average premiums coming in at around $58 a month compared to Allstate's $152.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, Pekin is the clear winner for single policyholders, with rates about $143 per month more affordable than Allstate, on average. The advantage for married couples with Pekin is also obvious, where drivers save nearly 65% a month.

Allstate vs. Pekin: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to car insurance men will generally end up paying a little more.

On average, women see prices around $10 per month less expensive with Allstate, and about $1 less with Pekin.

When it comes to the most affordable premiums for each gender, Pekin offers the cheapest average rates for both men and women, with average premiums 63% less for men and 62% cheaper for women.

Allstate or Pekin: 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 coverages and limits that it can make it pretty confusing to find the right policy.

That being said, the most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to liability).

If you're looking for state minimum liability insurance, Pekin normally offers significantly cheaper prices of $46 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Pekin again has the edge, with policies around $200 a month more affordable than Allstate, on average.

Is Allstate or Pekin Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and at-fault accidents will most likely raise your rates, but is Allstate or Pekin cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Allstate policyholders can expect their prices to go up an average of $27 per month if they get a ticket, while Pekin typically raises premiums about $13 a month, on average.

But Pekin tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering prices that are 65% and 63% more affordable, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Allstate can expect to see around an $73 -- or about 32% -- increase in their insurance premiums. Drivers who use Pekin for their auto insurance will see a monthly bill around $19 (or 26%) more expensive after reporting a collision to their car insurance company.

Overall, the less expensive rates come from Pekin, with monthly premiums averaging $73 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 an accident. Allstate drivers usually see a 31% climb in their auto insurance prices after a DUI charge, while Pekin will usually increase rates by about 48%.

Pekin has the overall most affordable prices for drivers with a DUI on their records at $104 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Pekin, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Pekin Rates?

Did you know that many insurance carriers take your credit score into account when calculating premiums? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for lots of drivers.

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

Looking specifically at Pekin and Allstate, which one has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Pekin. Drivers with "excellent" credit can save over 65% compared to Allstate, and those with "good" scores can also expect to see savings -- around $112 or 65% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Pekin typically offers lower premiums than Allstate when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $127 per month less with Pekin compared to Allstate, and those with "poor" scores generally save an average of around $161 monthly.

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

How much you drive can have a pretty big impact on your monthly insurance cost. That's because the more miles you put on your vehicle, the more likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Pekin tends to be the less expensive option. Pekin's average rates for drivers with 6,000 annual miles come in about 65% more affordable than Allstate. Those who drive 12,000 miles each year can expect to pay around 60% less with Pekin over Allstate.

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

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a considerable impact as well. Normally, those who live in urban areas will pay more than policyholders in rural areas due to the number of cars that are on the roads in those areas.

When comparing these two companies side-by-side, Pekin usually comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Pekin's average prices are about $85 a month compared to Allstate's $222. Drivers in suburban ZIP codes pay a monthly premium of around $68 with Pekin compared to $199 with Allstate. Those in rural areas can expect to pay about $70 a month with Pekin and $174 with Allstate.

Allstate vs. Pekin Discounts

You want to save as much money as possible, right? 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 challenging to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Below, we've compared all of the different discounts offered by Allstate and Pekin so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Allstate knocks Pekin out of the park when it comes to the sheer number of discounts available, offering 30 more discounts than Pekin.

There are a couple discounts both carriers offer, but Allstate also offers ABS discounts, agency transfer discounts, alert driving discounts, and more that Pekin does not.

On the flip side, Pekin has a couple unique discounts of its own -- group discounts and hybrid vehicle discounts.

Final Thoughts: Is Allstate or Pekin Best for You?

So, you've seen how different factors can affect your auto insurance premiums. We've broken down the different discounts each carrier offers, too. But, when it comes down to it, which insurance company is the best one for you and your specific driver profile?

Pekin might be best for you if....

• You have a speeding ticket on your driving record.
• Your credit is less-than-stellar.
• You drive fewer than 6,000 miles annually.

Allstate might be best for you if...

• You're planning on moving to another state soon -- Pekin Insurance only offers policies in Indiana.
• You care about discounts (Allstate offers the most).

We hope this guide helps you get a better idea of the difference between Allstate and Pekin and that it aids in making a more informed 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 auto insurance policy is to compare quotes from a handful of companies, not just Allstate and Pekin. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Allstate vs. Pekin FAQs

Is Allstate or Pekin cheaper?

Looking just at the national average rates, Pekin is the cheaper of the two companies, offering average rates of $74 per month compared to $199 for Allstate. That being said, Pekin won't necessarily be the lowest carrier for everyone, since there are multiple different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Pekin?

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

Why do Allstate and Pekin offer me different rates?

Insurance carriers take a look at quite a few different factors when determining the prices they charge drivers. Variables like where you call home, age, gender, where your home is, and sometimes even things like your credit score can all come into play. Both Allstate and Pekin calculate premiums using different formulas, so each one will most likely offer different prices. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the auto insurance company that's right for you is by getting quotes from multiple 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 information once and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the most affordable rate. And who knows, the best carrier for you might not be Allstate or Pekin 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.