American National vs. Farmers Mutual of Tennessee: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, American National offers cheaper premiums than Farmers Mutual of Tennessee
• American National offers more affordable rates for drivers who have a speeding ticket on their driving record
• Farmers Mutual of Tennessee offers more affordable average premiums for policyholders whose driving record contains an at-fault collision

American National or Farmers Mutual of Tennessee: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You might be considering American National or Farmers Mutual of Tennessee as your top options, but which company will save you the most?

As you can see, American National is around $13 a month less expensive than Farmers Mutual of Tennessee when looking at the national average rates for car insurance.

But that doesn't necessarily mean American National will be the more affordable option for each driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your credit score, your age, or even your driving record (among other things), so rates will differ quite a bit from person to person.

Wanting to know if American National or Farmers Mutual of Tennessee is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

American National vs. Farmers Mutual of Tennessee: Average Car Insurance Rates by State

American National and Farmers Mutual of Tennessee only compete against each other in Tennessee, where Farmers Mutual of Tennessee offers the cheaper average rates. Farmers Mutual of Tennessee drivers tend to pay about $20 per month less on average compared to drivers who use American National for their insurance.

There's a lot more that goes into your auto insurance cost than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any group out there on the road. It's typically because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use American National save over 10% a month compared to those who use Farmers Mutual of Tennessee.

Even so, both companies will drop prices by the time drivers turn 25. Farmers Mutual of Tennessee offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, American National still has the most affordable premiums at $74 a month.

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 cheapest prices you'll ever see.

But who has the best rates for retired drivers between American National and Farmers Mutual of Tennessee? In this case, American National has the slight edge, with prices about $1 per month less than Farmers Mutual of Tennessee. That being said, the difference is only around 5%, so other variables will likely come into play when determining which carrier has the lowest premiums for you.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance rates tend to be less expensive for married drivers than they are for single policyholders. That's normally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For those who are single, the difference in average prices between these two carriers is significant, with American National rates coming in at about 10% less than Farmers Mutual of Tennessee's. The advantage for married couples with American National is also obvious, where drivers save around $10 a month.

American National or Farmers Mutual of Tennessee: Average Rates by Gender

Because women are less likely to get into collisions and get speeding tickets, they have a decreased chance of filing a claim with insurance. So, insurance companies will often charge women less than men.

Women usually pay about $1 per month less than men with American National, but with Farmers Mutual of Tennessee, the difference is closer to $17 a month.

Looking at overall affordability, American National offers the most affordable average premiums for both men and women, with average prices 19% less for men and 4% cheaper for women.

American National vs. Farmers Mutual of Tennessee: 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, auto insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

However, most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

When it comes to state minimum limits for liability insurance, Farmers Mutual of Tennessee has the edge, while American National offers the lowest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with Farmers Mutual of Tennessee, while full coverage comes out to be around $30 cheaper with American National Insurance Company.

Is American National or Farmers Mutual of Tennessee 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.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which company -- American National or Farmers Mutual of Tennessee -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Farmers Mutual of Tennessee car insurance policies don't report seeing their rates increase after getting a ticket, but American National policyholders can expect to see their monthly bill increase by about a quarter.

But American National has less expensive premiums for drivers in both categories. Drivers with a clean record can save around 22% per month with American National Insurance Company, and the same can be said for those with a speeding ticket, too.

Which Company is Best for Drivers After an Accident?

American National policyholders who get in an accident can expect to see their rates climb by just under $30, while those who have insurance through Farmers Mutual of Tennessee will see about a $3 increase.

At the end of the day, Farmers Mutual of Tennessee offers the lowest prices for drivers with an at-fault accident on their records, with average rates coming in at $89 compared to American National Insurance Company's $95.

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 a collision. On average, Farmers Mutual of Tennessee will raise your prices around 37% after a DUI, while American National's average premiums increase by more than 35%.

But if you end up with a DUI charge and are looking for more affordable prices, American National tends to be more affordable for the average driver, with monthly premiums coming in at about $104 to Farmers Mutual of Tennessee's $137.

How does Credit Score Impact American National and Farmers Mutual of Tennessee Rates?

Did you know many auto insurance companies take into account your credit score when determining premiums? This isn't true for everyone (for example, California and Michigan are two states that ban the practice entirely), but it does affect many drivers out there.

The reasoning insurance carriers use is that policyholders 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 normally be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, American National will generally reward you the most. For policyholders with "excellent" credit scores, American National comes in nearly 43.96 cheaper. Drivers with "good" credit scores typically save around 31% with American National compared to average premiums from Farmers Mutual of Tennessee.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay about 15% less with American National than Farmers Mutual of Tennessee, but those whose credit is considered "poor" have it flipped -- saving around 24% a month with Farmers Mutual of Tennessee.

Is American National or Farmers Mutual of Tennessee 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 premiums. Usually, those who drive less will end up with less expensive rates 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 Farmers Mutual of Tennessee charges. However, there's a small difference in monthly prices for American National, with policyholders who drive the least paying about $9 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, American National is the cheaper company.

American National or Farmers Mutual of Tennessee: 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 car insurance, but the type of area you live in can have a substantial impact as well. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of cars that are on the roads where they live.

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

For drivers in urban ZIP codes, American National Insurance Company's average premiums are around $10 less than Farmers Mutual of Tennessee. People who live in suburban areas pay about $10 less with American National compared to Farmers Mutual of Tennessee. Those in rural areas can expect to save around $16 with American National compared to Farmers Mutual of Tennessee.

American National vs. Farmers Mutual of Tennessee 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, and the best way to do that is by utilizing as many insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both American National and Farmers Mutual of Tennessee so that you can easily see which company offers the most discounts and, therefore, the largest savings.

American National blows Farmers Mutual of Tennessee away when it comes to the sheer amount of discounts available, offering nine more discounts than Farmers Mutual of Tennessee.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and multi-policy discounts. American National also offers discounts for anti-theft, claim free, COVID-19 relief, and more.

On the other hand, Farmers Mutual of Tennessee has a few proprietary discounts of their own like forgiveness discounts and good driving discounts.

Final Thoughts: Is American National or Farmers Mutual of Tennessee 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 at the end of the day, which insurance carrier is the right fit for you?

American National might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• Your home is located in the suburbs.
• You want to save money while purchasing car insurance for a teenager.

Farmers Mutual of Tennessee might be best for you if...

• Your driving record contains an at-fault collision.
• You're looking for the best prices on liability only coverage.

Hopefully, this guide has ben a valuable resource as you compare American National and Farmers Mutual of Tennessee. 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 sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of carriers, not just American National and Farmers Mutual of Tennessee. Luckily, Compare.com makes 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.

American National vs. Farmers Mutual of Tennessee FAQs

Is American National or Farmers Mutual of Tennessee cheaper?

American National is the more affordable of the two carriers when looking at national average premiums, with policies averaging $87 per month with American National and $100 for Farmers Mutual of Tennessee. That being said, that doesn't mean American National will be the most affordable company for every driver, since there are lots of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, American National or Farmers Mutual of Tennessee?

Sadly, the answer truly is "it depends.". No one carrier is "better" for each policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do American National and Farmers Mutual of Tennessee offer me different rates?

Insurance companies use lots of different factors when calculating the prices they charge. Things like your driving record, where you call home, age, gender, and sometimes even things like your credit score can all be used. Both American National and Farmers Mutual of Tennessee 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 American National or Farmers Mutual of Tennessee is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies 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 information once and you'll get quotes from dozens of your local top 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 American National or Farmers Mutual of Tennessee 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.