Cig vs. Farmers: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Cig offers significantly more affordable rates than Farmers
• Cig offers more affordable prices for people who are single and purchasing auto insurance by yourself
• Farmers offers more discounts than CIG Insurance

Cig vs. Farmers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering hefty discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Cig or Farmers for your next policy, but between the two, which one has less expensive rates for insurance?

Looking at the national average rates for both companies, Farmers has average rates that are about 40% per month more expensive than those from Cig.

Even so, that doesn't necessarily mean Cig will be the cheaper option for every driver. Car insurance carriers use all sorts of complex algorithms to calculate premiums, so depending on how clean your driving record is or how old you are (among many other factors), you could see wildly different prices from the ones above.

Wanting to know if Cig or Farmers 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.

Cig or Farmers: Average Car Insurance Rates by State

Cig and Farmers compete against each other in four states, with Cig offering more affordable prices to the average driver in all of them. Oregon has the most noticable difference, where Cig premiums are over 70% less expensive than insurance prices at Farmers.

There are plenty of other factors that go into your auto insurance bill than just where you live. Read on 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 car insurance than any group out there on the road. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of nearly $300 less a month by choosing Cig over Farmers.

But with both companies, you'll see your premiums drop significantly by the time you turn 25. For example, average rates for Cig policyholders lower more than 50% and Farmers's premiums reduce over 70% 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 rates you'll ever see.

When looking at Cig and Farmers specifically, which company is best for retired drivers? Cig gets the edge, with prices for drivers 65 and older almost 40% cheaper than the national average for Farmers.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance premiums than married couples. That's because policies for married drivers normally cover more than one car, which quite a few carriers will offer you a discount for.

When it comes to relationship status, Cig is the clear winner for those who are single, with prices around $106 per month less expensive than Farmers, on average. For married policyholders, the advantage is clear again - Cig has the edge when it comes to average rates.

Cig vs. Farmers: Average Rates by Gender

You may not know, but auto insurance is usually more expensive for men than for women. This is because men are statistically more likely than women to get speeding tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher prices.

Generally, men see premiums about $4 a month higher with Cig, and around $7 more with Farmers.

When it comes to the lowest rates for each gender, Cig comes out on top for both men and women, with average premiums $86 less for men and $83 cheaper for women.

Cig or Farmers: 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 a complicated subject for most people. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

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

If you're looking for state minimum limits for liability insurance, Cig typically offers significantly more affordable rates of $71 compared to Farmers's $126. When it comes to full coverage policies with similar limits, Cig again has the edge, with policies about $100 per month cheaper than Farmers, on average.

Is Cig or Farmers Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car 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 accidents will most likely raise your prices, but is Cig or Farmers less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Cig policyholders can expect their premiums to go up an average of $24 a month if they get a ticket, while Farmers generally raises prices around $44 per month, on average.

That being said, Cig tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering rates that are 46% and 46% more affordable, respectively, compared to Farmers Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Cig can expect to see about an $30 -- or around 25% -- increase in their insurance premiums. Drivers who use Farmers for their car insurance will see a monthly bill about $62 (or 28%) more expensive after reporting a collision to their insurance carrier.

Overall, drivers who use Cig end up with the cheaper prices after an accident, with monthly prices averaging $118 compared to Farmers Insurance's $224.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your auto insurance bill. For example, Cig increases average rates by just under $70 a month -- that's just under a 45% increase.

How does Credit Score Impact Cig and Farmers Rates?

Did you know that many car insurance companies take your credit score into account when calculating prices? This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for many drivers.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with cheaper premiums.

So, which company offers the best rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Cig or Farmers Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on how much auto insurance companies will charge for coverage. Typically, those who drive less will end up with more affordable prices since there's less of a chance of getting into an accident 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 Farmers charges. However, there's a small difference in monthly premiums for Cig, with policyholders who drive 6,000 miles annually paying around $12 less each month compared to those who drive 12,000 miles yearly. Still, Cig is the cheaper option for drivers in both categories.

Cig vs. Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a big impact on your monthly car insurance cost. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of vehicles that are on the roads in those areas.

When comparing these two carriers side-by-side, Cig normally comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Cig offers premiums about $128 a month compared to Farmers's $251. People who live in suburban ZIP codes can expect to pay around $123 per month for Cig and $189 for Farmers. Lastly, those in rural areas tend to get the most affordable rates from both companies, with average monthly prices coming in at $106 and $170 for Cig and Farmers respectively.

Cig vs. Farmers Discounts

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

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

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

Overall, Farmers comes out ahead with 28 discounts to Cig's 25.

There are a couple discounts both carriers offer, but Farmers also offers alternative fuel discounts, driver training discounts, EFT discounts, and more that Cig does not.

On the flip side, Cig has a couple unique discounts of its own -- company car discounts, employee discounts, inside storage discounts, and more.

Final Thoughts: Is Cig or Farmers Best for You?

So, we've broken down the average rates for many of the factors car insurance companies look at, and walked through the different discounts each carrier offers, too. But, at the end of the day, which company is the best company for you and your specific driver profile?

Cig might be best for you if....

• You have received a ticket within the last few years.
• You're looking for more protection with "full coverage" insurance.
• You don't spend much time in your car.

Farmers might be best for you if...

• You're thinking about moving to another state -- undefined is only available in.
• You're looking for the carrier with the most discounts.

We hope this guide helps you get a good idea of the differences between Cig and Farmers. We also hope we've given you the information you need to make the best decision about 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 a handful of carriers, not just Cig and Farmers. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Cig vs. Farmers FAQs

Is Cig or Farmers cheaper?

Looking just at the national average premiums, Cig is the less expensive of the two carriers, offering average rates of $119 a month compared to $203 for Farmers. But Cig won't necessarily be the lowest company for everyone, since there are several different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Cig or Farmers?

Unfortunately, the real answer is "it depends.". One carrier is not "better" for every driver -- it all comes down to what your unique car insurance profile looks like.

Why do Cig and Farmers offer me different rates?

Insurance companies take a look at several different factors when determining the prices they charge drivers. Variables like where you call home, gender, age, where you park your car, and sometimes even things like your credit score can all be taken into consideration. Both Cig and Farmers use different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Cig or Farmers 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, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Cig or Farmers 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.