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

Quick Facts

• Looking at the national averages for insurance, Pemco offers significantly cheaper prices than Allstate
• Allstate may help you save more money -- they offer more discounts than PEMCO Insurance
• Pemco has more affordable premiums in WA

Allstate or Pemco: Which Company has the Cheapest Car Insurance?

Are you in the market for 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 Pemco as potential options, but between the two, which carrier has less expensive rates for auto insurance?

As you can see, Pemco has average rates that are around 45% a month cheaper than those from Allstate when looking at the national average rates for insurance.

Even so, that doesn't mean Pemco will necessarily be less expensive than Allstate for each driver. Car insurance carriers use tons of complex algorithms to determine prices, so depending on where you live or how good your credit score is (among a whole range of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average prices from both Allstate and Pemco by several different rate factors, so read on to find out which company is the best for you.

Allstate vs. Pemco: Average Car Insurance Rates by State

Allstate and Pemco only compete against each other in Washington, where Pemco offers the cheaper average rates. Pemco drivers tend to pay about $62 per month less on average compared to drivers who use Allstate for their auto insurance.

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

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers. It's usually 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.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Pemco for their insurance pay almost 50% less than those who use Allstate. It's worth noting that Allstate offers auto insurance in 47 different states compared to Pemco's one, which can skew the average prices a bit, but the difference here is still considerable.

But both companies will offer you dramatically lower premiums by the time you turn 25. For example, average rates for Allstate policyholders lower about $300 and Pemco's prices drop around $100 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest car insurance rates you'll ever see. After all, they've likely been driving for quite some time, which generally lowers their chances of collisions and other infractions that can raise premiums.

So, which carrier offers the best prices to retired drivers? Pemco gets the edge, with premiums for drivers 65 and older $61 more affordable than the national average for Allstate.

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 single drivers. This usually boils down to married couples having several vehicles on their policy -- something quite a few car insurance carriers will reward with discounts.

For those who are single, the difference in average rates between these two companies is significant, with Pemco premiums coming in at about half of Allstate's. The advantage for married policyholders with Pemco is also obvious, where drivers save nearly $70 a month.

Allstate or Pemco: Average Rates by Gender

Did you know men tend to pay more for auto insurance than women? That's because men are more likely to get into accidents and get tickets, which increases the chances of filing a claim with insurance.

Normally, women see rates around 4% per month less with Allstate, but with Pemco, the difference is closer to 4% a month.

Looking at the data for each company specifically, Pemco comes out on top for both men and women. On average, women save about $89 per month and men save about $94 with Pemco compared to the average Allstate policyholder.

Allstate vs. Pemco: 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 insurance can be pretty complicated. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability limits, Pemco has the significant edge, with average monthly prices coming in at $62. If you want a full coverage policy with the same state minimum limits, Pemco again has the edge, with policies averaging around $152 a month to Allstate's $289.

Is Allstate or Pemco 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 speeding tickets and accidents lead to higher premiums, but which carrier -- Allstate or Pemco -- has the cheapest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their insurance can generally expect their monthly bill to go up about 15% after getting a speeding ticket. Pemco policyholders can expect a bit more drastic of an increase of around 16%.

However, Pemco tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering prices that are 46% and 45% less expensive, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Allstate drivers who get in an accident can expect to see their premiums increase by just under $75, while those who have insurance through Pemco will see about a $25 increase.

At the end of the day, drivers who use Pemco end up with the cheaper prices after an accident, with average rates coming in at $111 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 collision or speeding ticket when it comes to your car insurance bill. On average, Allstate will increase your prices around 31% after a DUI, while Pemco's average rates climb by more than 35%.

Pemco has the overall most affordable premiums for drivers with a DUI on their records at $131 monthly, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Pemco, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Pemco Rates?

Did you know many auto insurance carriers take into account your credit score when determining prices? Certain states and companies do not allow for credit score to be used as an insurance factor, but it might come into play for many policyholders.

The reasoning car insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will usually be forced to pay more.

Looking at Allstate and Pemco specifically, which one has the cheapest prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Pemco will normally reward you the most. For drivers with "excellent" credit scores, Pemco comes in over 56.55 more affordable. Drivers with "good" credit scores typically save about 52% with Pemco compared to average premiums from Allstate.

Which Company is Best for Drivers with Bad Credit?

Pemco typically offers lower rates than Allstate when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 48% per month less with Pemco compared to Allstate, and those with "poor" scores generally save an average of about 35% per month.

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

The amount of time you spend behind the wheel of your car plays a big role in your monthly insurance payment. Typically, those who drive fewer miles will end up with less expensive prices since there's less of a chance of causing a collision and filing an insurance claim.

Pemco tends to be the cheaper option for both remote workers and those taking short commutes. Pemco's average premiums for drivers with 6,000 annual miles come in around $93 more affordable than Allstate. Those who drive 12,000 miles every year can expect to pay about $90 less with Pemco over Allstate.

Allstate or Pemco: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a big role in how much you pay for auto insurance. Normally, those who live in urban areas will pay more than policyholders in rural areas because of the number of cars that are on the roads where they live.

Pemco boasts the most affordable average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 49% with Pemco compared to Allstate. People who live in suburban areas pay about 40% less with Pemco compared to Allstate. For drivers in urban ZIP codes, PEMCO Insurance's average premiums are around 48% less than Allstate.

Allstate vs. Pemco 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 find all the ones you're eligible for or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Allstate and Pemco so that you can find the company that has the most discounts and, therefore, the largest savings.

Allstate knocks Pemco out of the park when it comes to the sheer number of discounts available, offering 28 more discounts than Pemco.

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

On the other hand, Pemco has a few proprietary discounts of their own for things like employee discounts, group discounts, and low mileage discounts.

Final Thoughts: Is Allstate or Pemco Best for You?

So, we've broken down the average rates for many of the variables insurance carriers look at, and we've shown you all the discounts each company offers. That's all well and good, but when it comes down to it, is Allstate or Pemco the right one for you and your specific needs?

Pemco might be best for you if....

• You will be the only person on the auto insurance policy.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing car insurance for a teenager.

Allstate might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Allstate and Pemco and that you can now make a more informed decision when it comes to your car insurance.

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

Allstate vs. Pemco FAQs

Is Allstate or Pemco cheaper?

Pemco is the cheaper of the two companies when looking at national average premiums, with policies averaging $107 a month with Pemco and $199 for Allstate. That being said, that doesn't mean Pemco will be the cheapest company for each driver, since there are a bunch of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Pemco?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Allstate and Pemco offer me different rates?

Insurance carriers use several different variables when calculating the prices they charge. Things like gender, where you park your vehicle, age, your driving record, and sometimes even things like your credit score can all come into play. Both Allstate and Pemco use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the auto 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, 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 companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Allstate or Pemco 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.