Dairyland vs. Equity: Which Company is the Best Fit for You?

Quick Facts

• In general, Equity offers significantly cheaper premiums than Dairyland
• Dairyland may help you save more money -- they offer more discounts than Equity Insurance Company
• Equity offers more affordable average prices for drivers who have a speeding ticket on their driving record

Dairyland or Equity: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You might have narrowed it down to Dairyland or Equity, but between the two, which company will save you the most?

As you can see, Equity has average rates that are around 35% a month less expensive than those from Dairyland when looking at the national average rates for auto insurance.

But Equity may not be the most affordable or best option for each driver out there. Insurance carriers vary their rates depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and a ton of other factors, so prices will vary quite a bit from person to person.

Luckily, we've broken down average premiums from both Dairyland and Equity by a variety of different rate factors, so read on to find out which carrier is the best for you.

Dairyland vs. Equity: Average Car Insurance Rates by State

Dairyland and Equity only compete against each other in one states, with Equity offering cheaper rates to the average driver in all of them. Arkansas has the most noticable difference, where Equity premiums are $3 more affordable than auto insurance prices at Dairyland.

But there's more to insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance companies determine your premiums. Keep reading 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 because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean teen drivers can't still save money on their car insurance. Just look at the table above -- where 18-year-old drivers who have Equity for their insurance pay over 30% less than those who use Dairyland.

That being said, both carriers will offer you dramatically lower prices by the time you turn 25. For example, average rates for Dairyland policyholders reduce about $300 and Equity's prices drop around $200 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 lowest premiums you'll ever find.

So, which company offers the best rates to retired drivers? Equity gets the edge here, with average premiums coming in at about $128 per month compared to Dairyland's $203.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be less expensive for married couples than they are for single drivers. This usually boils down to married policyholders having multiple vehicles on their policy -- something a lot of insurance companies will reward with discounts.

For single policyholders, the difference in average rates between these two carriers is significant, with Equity premiums coming in at a third less than Dairyland's. The advantage for married drivers with Equity is also obvious, where drivers save more than $75 per month.

Dairyland or Equity: Average Rates by Gender

Men are statistically more likely than women to get tickets and get into collisions, which means they'll normally end up paying more for car insurance than women.

Typically, women see prices around $10 a month more affordable with Dairyland, and about $20 cheaper with Equity when compared to their male counterparts.

When it comes to the cheapest rates for each gender, Equity comes out on top for both men and women. On average, women save about $97 per month and men save around $86 with Equity compared to the average Dairyland policyholder.

Dairyland vs. Equity: 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.

Insurance isn't the easiest topic to understand. There are a range of different coverages that account for multiple different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

Even so, most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability coverage).

Looking specifically at state minimum liability limits, Equity has the significant edge, with average monthly prices coming in at $67. If you want a full coverage policy with the same state minimum limits, Equity again has the edge, with policies averaging about $262 a month to Dairyland's $370.

Is Dairyland or Equity 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.

You'll probably end up paying more with collisions and speeding tickets on your record, but which of these two companies offers the lowest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Dairyland for their car insurance can typically expect their monthly bill to go up around 15% after getting a speeding ticket. Equity policyholders can expect a less drastic increase of about 4%.

That being said, Equity tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering rates that are 32% and 40% less expensive, respectively, compared to Dairyland.

Which Company is Best for Drivers After an Accident?

Dairyland drivers who get in a collision can expect to see their premiums increase by just under 25%, while those who have insurance through Equity will see around a 15% increase.

At the end of the day, the cheaper prices come from Equity, with average rates coming in at $179 compared to Dairyland's $297.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- usually a lot more than an accident or speeding ticket. For example, Equity increases average premiums by more than $10 per month -- that's a 7% increase.

But if you end up with a DUI charge and are looking for more affordable prices, Equity tends to be more affordable for the average driver, with monthly premiums coming in at about $166 to Dairyland's $236.

How does Credit Score Impact Dairyland and Equity Rates?

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

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

Looking at Dairyland and Equity specifically, which carrier has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Equity will generally reward you the most. For drivers with "excellent" credit scores, Equity comes in more than 25.34 cheaper. Drivers with "good" credit scores usually save around 32% with Equity compared to average rates from Dairyland.

Which Company is Best for Drivers with Bad Credit?

Equity typically offers lower premiums than Dairyland when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 37% a month less with Equity compared to Dairyland, and those with "poor" scores typically save an average of around 45% a month.

Is Dairyland or Equity 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 how much car insurance companies will charge for coverage. That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

In this case, neither Dairyland or Equity report increasing rates for drivers with higher annual mileage figures. Even so, Equity comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average prices of $165 per month for both.

Dairyland or Equity: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a sizable impact on your monthly insurance bill. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more cars on the road where they live, which increases the chances of an accident.

Equity boasts the lowest 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 about $60 with Equity compared to Dairyland. People who live in suburban areas pay around $93 less with Equity compared to Dairyland. For policyholders in urban ZIP codes, Equity Insurance Company's average premiums are about $122 less than Dairyland.

Dairyland vs. Equity Discounts

No matter why you might be in the market for a new car 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 taking advantage of as many 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 looked at all of the different discounts Dairyland and Equity offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Dairyland comes out ahead with 11 discounts to Equity's 10.

There are a couple discounts both carriers offer, but Dairyland also offers discounts for advance quote, anti-theft, passive restraint, and more.

On the other hand, Equity has a few proprietary discounts of their own for things like driver training discounts, education discounts, group discounts, and more.

Final Thoughts: Is Dairyland or Equity Best for You?

So, you've seen how different variables can affect your auto insurance prices. We've shown you all the discounts each company offers, too. But, when it comes down to it, is Dairyland or Equity the right company for you and your specific needs?

Equity might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You live in an suburban area.
• You have a short drive to work everyday.

Dairyland might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Dairyland and Equity and that it aids in making a more informed decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Dairyland and Equity. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Dairyland vs. Equity FAQs

Is Dairyland or Equity cheaper?

Equity is the less expensive of the two companies when looking at national average rates, with policies averaging $165 a month with Equity and $256 for Dairyland. However, that doesn't mean Equity will be the most affordable carrier for every driver, since there are several different factors that come into play when it comes to your car insurance payment.

Who is better, Dairyland or Equity?

Unfortunately, the answer truly is "it depends.". Neither company is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Dairyland and Equity offer me different rates?

Insurance carriers use quite a few different variables when calculating the prices they charge. Things such as your driving record, age, gender, where you live, and sometimes even things like your credit score can all come into play. Both Dairyland and Equity calculate premiums using different factors, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Dairyland or Equity is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best carrier for you isn't Dairyland or Equity 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.