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

Quick Facts

• Looking at the national averages for car insurance, Farmers Mutual of Tennessee offers significantly less expensive premiums than American Select
• American Select may help you save more money -- they offer more discounts than Farmers Mutual of Tennessee
• Farmers Mutual of Tennessee offers more affordable rates for drivers who have below-average credit

American Select 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 large savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to American Select or Farmers Mutual of Tennessee for your next policy, but which carrier will save you the most?

Looking at the national average rates for both carriers, Farmers Mutual of Tennessee has average rates that are around 40% a month more affordable than those from American Select.

That being said, Farmers Mutual of Tennessee may not be the lowest or best option for each driver out there. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like where you call home, your age, your credit score, or even your driving record (among other things). So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

Luckily, we've broken down average rates from both American Select and Farmers Mutual of Tennessee by several different rate factors, so read on to find out which company is the best for you.

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

American Select and Farmers Mutual of Tennessee only compete against each other in Tennessee, where Farmers Mutual of Tennessee offers the cheaper average prices. Farmers Mutual of Tennessee drivers tend to pay about $33 per month less on average compared to drivers who use American Select for their insurance.

There's a lot more that goes into your car insurance payment than just where you live. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

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

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance rates. As you can see above, teens who use Farmers Mutual of Tennessee save over 30% a month compared to those who use American Select.

However, both carriers will decrease prices by the time drivers turn 25. For example, average premiums for American Select policyholders drop more than 45% and Farmers Mutual of Tennessee's prices reduce over 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 cheapest premiums out there.

But who has the best rates for retired drivers between American Select and Farmers Mutual of Tennessee? Farmers Mutual of Tennessee gets the edge here, with average prices coming in at about $67 monthly compared to American Select's $136.

Which is the Best Company for Married Drivers?

Did you know that insurance rates are typically more expensive for single policyholders than they are for married policyholders? That's because policies for married drivers normally cover more than one vehicle, which several companies will give you a discount for.

For those who are single, the difference in average premiums between these two carriers is significant, with Farmers Mutual of Tennessee prices coming in at a third less than American Select's. The advantage for married couples with Farmers Mutual of Tennessee is also obvious, where drivers save almost 50% per month.

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

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

With American Select, men usually pay around $1 a month more than women, and about $17 more with Farmers Mutual of Tennessee.

When it comes to the most affordable premiums for each gender, Farmers Mutual of Tennessee offers the lowest average rates for both men and women, with average premiums $63 less for men and $79 cheaper for women.

American Select 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.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Farmers Mutual of Tennessee has the significant edge, with average monthly prices coming in at $44. If you want a full coverage policy with the same state minimum limits, Farmers Mutual of Tennessee again has the edge, with policies averaging around $155 per month to American Select's $251.

Is American Select or Farmers Mutual of Tennessee Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Collisions and speeding tickets will most likely raise your rates, but is American Select or Farmers Mutual of Tennessee cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

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

But Farmers Mutual of Tennessee has more affordable prices for drivers in both categories, offering rates that are $31 and $63 less expensive, respectively, compared to American Select Insurance Company.

Which Company is Best for Drivers After an Accident?

American Select drivers who get in an accident can expect to see their prices climb by over 25%, while those who have insurance through Farmers Mutual of Tennessee will see around a 3% increase.

At the end of the day, Farmers Mutual of Tennessee offers the cheapest premiums for drivers with an at-fault collision on their records, with average rates coming in at $89 compared to American Select Insurance Company's $158.

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 speeding ticket or even a collision. For example, American Select increases average prices by nearly $150 a month -- that's nearly a 55% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Farmers Mutual of Tennessee tends to be cheaper for the average driver, with monthly premiums coming in at about $137 to American Select's $258.

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

Did you know many car insurance carriers take into account your credit score when determining rates? This isn't true for everyone (for example, Hawaii and Michigan are two states that ban the practice entirely), but it will come into play for lots of policyholders.

Insurance companies 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.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, Farmers Mutual of Tennessee will usually reward you the most. For policyholders with "excellent" credit scores, Farmers Mutual of Tennessee comes in just under 14.95 more affordable. Drivers with "good" credit scores typically save around 28% with Farmers Mutual of Tennessee compared to average premiums from American Select.

Which Company is Best for Drivers with Bad Credit?

Farmers Mutual of Tennessee typically offers lower rates than American Select when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about 40% per month less with Farmers Mutual of Tennessee compared to American Select, and those with "poor" scores normally save an average of around 59% a month.

Is American Select or Farmers Mutual of Tennessee 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 considerable impact on your monthly prices? Generally, the more milage you put on your car, the more you can expect to pay for auto insurance.

In this case, neither American Select or Farmers Mutual of Tennessee report increasing premiums for drivers with higher annual mileage figures. Still, Farmers Mutual of Tennessee comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average rates of $100 a month for both.

American Select 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 large impact as well. Typically, those who live in urban areas will pay more than drivers in rural areas because of the number of cars that are on the roads where they live.

Farmers Mutual of Tennessee boasts the cheapest average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

In urban areas, Farmers Mutual of Tennessee's average rates are about $114 per month compared to American Select's $205. Drivers in suburban ZIP codes pay a monthly premium of around $95 with Farmers Mutual of Tennessee compared to $150 with American Select. If you live in a rural area, you can expect to pay about $89 per month with Farmers Mutual of Tennessee and $156 with American Select.

American Select vs. Farmers Mutual of Tennessee Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you can take advantage of or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and compared all of the different discounts offered by American Select and Farmers Mutual of Tennessee so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

American Select blows Farmers Mutual of Tennessee away when it comes to the sheer amount of discounts available, offering 20 different discounts to Farmers Mutual of Tennessee's five.

A couple of those are overlapping for things like discounts for being a defensive driver and multi-policy discounts. American Select also offers discounts for ABS, account relationship, advance quote, and more.

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

Final Thoughts: Is American Select or Farmers Mutual of Tennessee Best for You?

So, we've broken down the average prices for many of the factors car insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, which company is the best company for you and your specific driver profile?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You're looking for the best rates on liability only coverage.
• Your neighborhood is in a rural area.

American Select might be best for you if...

• You're looking for discounts -- American Select has the most.

Hopefully, this guide has ben a valuable resource as you compare American Select and Farmers Mutual of Tennessee and that you can now make a more informed decision when it comes to 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 multiple companies, not just American Select and Farmers Mutual of Tennessee. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

American Select vs. Farmers Mutual of Tennessee FAQs

Is American Select or Farmers Mutual of Tennessee cheaper?

Farmers Mutual of Tennessee is the less expensive of the two companies when looking at national average prices, with policies averaging $100 a month with Farmers Mutual of Tennessee and $170 for American Select. That being said, that doesn't mean Farmers Mutual of Tennessee will be the most affordable carrier for each driver, since there are a range of different variables that come into play when it comes to your car insurance cost.

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

Sadly, the real answer is "it depends.". No single company is necessarily "better" for every policyholder -- it all boils down to your unique insurance profile.

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

Auto insurance carriers use many different factors when calculating the premiums they charge. Things like your driving record, where you park your vehicle, gender, age, and sometimes even things like your credit score can all be used. Both American Select and Farmers Mutual of Tennessee calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from multiple different companies.

How do I know if American Select or Farmers Mutual of Tennessee is right for me?

The only way to find the insurance company 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 auto insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't American Select 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.