Cameron Mutual vs. State Farm: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Cameron Mutual offers significantly less expensive premiums than State Farm
• Cameron Mutual tends to be a much more affordable option for residents of urban areas
• State Farm offers more discounts than Cameron Mutual Insurance Company

Cameron Mutual vs. State Farm: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering considerable discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Cameron Mutual or State Farm for your next policy, but between the two, which one will offer you cheaper rates?

As you can see, Cameron Mutual has average rates that are about 22% per month more affordable than those from State Farm when looking at the national average rates for insurance.

However, that doesn't mean Cameron Mutual will necessarily be cheaper than State Farm for each driver. Auto insurance companies use tons of complex algorithms to calculate prices, so depending on where you live or how clean your driving record is (among an array of other factors), you could see wildly different premiums from the ones above.

Wanting to know if Cameron Mutual or State Farm is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Cameron Mutual or State Farm: Average Car Insurance Rates by State

Cameron Mutual and State Farm only compete against each other in two states, with Cameron Mutual offering less expensive premiums to the average driver in all of them. Iowa has the most noticable difference, where State Farm prices are over 60% more affordable than car insurance rates at Cameron Mutual.

There's a lot more that goes into your auto insurance cost than just where you call home. Read on to find out 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 other group of drivers out there on the road. That's normally because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean teen drivers can't still save money on their insurance. As you can see above, teens who use Cameron Mutual save nearly $75 a month compared to those who use State Farm.

But with both carriers, you'll see your prices reduce significantly once you turn 25. State Farm offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Cameron Mutual still has the most affordable rates at $123 per month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest auto insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which generally reduces their chances of accidents and other infractions that can increase prices.

But who has the best premiums for retired drivers between Cameron Mutual and State Farm? Cameron Mutual gets the edge here, with average rates coming in at around $79 a month compared to State Farm's $111.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single policyholders than they are for married drivers. That's typically because married policyholders tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Cameron Mutual is the clear winner for those who are single, with rates about $36 per month cheaper than State Farm, on average. The advantage is also clear for married couples - Cameron Mutual offers the lowest average premiums.

Cameron Mutual vs. State Farm: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll normally end up paying more for insurance than women.

On average, men see prices almost $15 a month higher with Cameron Mutual, and more than $10 with State Farm.

Looking at overall affordability, Cameron Mutual comes out as the most affordable option for both genders. On average, male drivers save about $33 per month and women save around $34 with Cameron Mutual compared to the average State Farm policyholder.

Cameron Mutual or State Farm: 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.

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

The two most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

If you're looking for state minimum limits for liability insurance, Cameron Mutual usually offers significantly less expensive premiums of $53 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Cameron Mutual again has the edge, with policies about $20 a month cheaper than State Farm, on average.

Is Cameron Mutual or State Farm Better for Drivers with Spotty Records?

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

Collisions and tickets will most likely raise your rates, but is Cameron Mutual or State Farm less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Cameron Mutual car insurance policies don't report seeing their premiums increase after getting a ticket, but State Farm policyholders can expect to see their monthly bill increase by around 15%.

Even so, Cameron Mutual has more affordable rates for drivers in both categories. Drivers with a clean record can save about $24 per month with Cameron Mutual Insurance Company, and the same can be said for those with a ticket, too.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Cameron Mutual can expect to see around an $14 -- or about 11% -- increase in their insurance prices. Drivers who use State Farm for their car insurance will see a monthly bill around $29 (or 18%) more expensive after reporting a collision to their insurance company.

Overall, Cameron Mutual offers the lowest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $124 compared to State Farm's $163.

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 an accident. For example, State Farm increases average prices by $45 a month -- that's over a 25% increase.

How does Credit Score Impact Cameron Mutual and State Farm Rates?

Did you know that many auto insurance companies take into account your credit score when calculating rates? Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect quite a few policyholders out there.

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

Looking specifically at Cameron Mutual and State Farm, which carrier has the cheapest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Cameron Mutual or State Farm 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 big impact on your monthly auto insurance payment? Normally, those who drive less will end up with cheaper rates since there's less of a chance of getting into a collision and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cameron Mutual charges. However, there's a small difference in monthly premiums for State Farm, with drivers who put 6,000 miles on their car yearly paying about $13 less each month compared to those who drive 12,000 miles every year. Still, Cameron Mutual is the more affordable option for drivers in both categories.

Cameron Mutual vs. State Farm: 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, those who live in urban areas will pay more than drivers in rural areas because of the number of vehicles that are on the roads in those areas.

Cameron Mutual tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable prices from both carriers, but Cameron Mutual comes out on top with average premiums around $116 monthly. Cameron Mutual also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $51 and $39 per month respective difference when compared to State Farm policyholders in similar areas.

Cameron Mutual vs. State Farm Discounts

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

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.

Below, we've broken down all of the different discounts offered by both Cameron Mutual and State Farm so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

State Farm knocks Cameron Mutual out of the park when it comes to the sheer number of discounts available, offering 17 more discounts than Cameron Mutual.

A couple of those are overlapping for things like discounts for being a defensive driver, passive restraint discounts, and renewal discounts. State Farm also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Cameron Mutual does not.

On the flip side, Cameron Mutual has a couple unique discounts of its own -- education discounts and umbrella policy discounts.

Final Thoughts: Is Cameron Mutual or State Farm 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 when it comes down to it, which company is the right one for you and your specific needs?

Cameron Mutual might be best for you if....

• You've been pulled over for speeding recently.
• You want basic car insurance coverage at the state minimum limits.
• You drive often but have a short commute.

State Farm might be best for you if...

• You already have plans to move to another state -- undefined only offers policies in.
• You already have a great credit score.
• You want to save extra money with discounts.

We hope this guide helps you get a better idea of the difference between Cameron Mutual and State Farm. We also hope we've given you the information you need to make the best decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from multiple carriers, not just Cameron Mutual and State Farm. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

Cameron Mutual vs. State Farm FAQs

Is Cameron Mutual or State Farm cheaper?

Looking just at the national average premiums, Cameron Mutual is the cheaper of the two carriers, offering average rates of $124 a month compared to $158 for State Farm. But Cameron Mutual won't necessarily be the lowest carrier for each driver, since there are several different variables that come into play when it comes to your insurance bill.

Who is better, Cameron Mutual or State Farm?

Unfortunately, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all boils down to your unique car insurance profile. For example, Cameron Mutual offers less expensive rates for drivers with a recent DUI, while State Farm is more affordable for drivers with excellent credit.

Why do Cameron Mutual and State Farm offer me different rates?

Auto insurance companies take a look at several different factors when determining the prices they charge drivers. Things like your driving record, where you live, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Cameron Mutual and State Farm calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Cameron Mutual or State Farm 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 companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the best price. And who knows, the best carrier for you might not be Cameron Mutual or State Farm 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.