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

Quick Facts

• In general, Imt offers less expensive rates than Farmers Automobile
• Farmers Automobile offers more discounts than IMT Insurance
• Imt offers more affordable average prices for policyholders who may not have much of a commute

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

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

You might have narrowed your search down to Farmers Automobile or Imt as potential options, but which company will save you the most?

Looking at the national average rates for both companies, Imt is about $14 per month cheaper than Farmers Automobile.

That being said, that doesn't mean Imt will necessarily be less expensive than Farmers Automobile for every driver. Car insurance carriers vary their premiums depending on things like where you live, how good your credit score is, how clean your driving record is, how old you are, and a variety of other factors, so rates will vary quite a bit from person to person.

So, if you want to find out which of Farmers Automobile or Imt is really the best for you, keep reading to see average prices for each company broken down by lots of different rate factors.

Farmers Automobile or Imt: Average Car Insurance Rates by State

Farmers Automobile and Imt only compete against each other in two states, with Imt offering more affordable premiums to the average driver in all of them. Wisconsin has the most noticable difference, where Imt rates are over 30% cheaper than insurance prices at Farmers Automobile.

There are plenty of other factors that go into your car insurance bill than just where you call home. Keep reading to learn 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 out there on the road. That's typically because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Imt for their car insurance pay nearly $75 less than those who use Farmers Automobile.

However, both companies will offer you dramatically lower premiums once you turn 25. Imt offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Farmers Automobile still has the most affordable prices at $103 per month.

Which is the Best Company for Retired Drivers?

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

When looking at Farmers Automobile and Imt specifically, which carrier is best for retired drivers? Imt gets the edge, with premiums for drivers 65 and older $14 more affordable than the national average for Farmers Automobile.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance rates than married policyholders. That's usually because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Imt is the clear winner for single drivers, with prices around $20 a month less expensive than Farmers Automobile, on average. It's not quite so glaring for married couples, where drivers who use Imt save about $6 per month.

Farmers Automobile vs. Imt: Average Rates by Gender

You may not know, but men typically pay more for car insurance than women do. This is because women are less likely to get speeding tickets and get into collisions, which decreases the chances of an insurance claim.

With Farmers Automobile, women normally pay around 1% a month less than men, while with Imt, the difference is closer to 10% per month.

Looking at overall affordability, Imt comes out on top for both men and women, with average premiums 7% less for men and 16% cheaper for women.

Farmers Automobile or Imt: 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 so many different terms and limits 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 (that covers property damage and bodily injury for other drivers and their passengers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability).

If you're looking for state minimum liability limits, Imt usually offers more affordable prices of $58 compared to Farmers Automobile's $75. When it comes to full coverage policies with similar limits, Imt again has the edge, with policies about $10 a month cheaper than Farmers Automobile, on average.

Is Farmers Automobile or Imt 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.

It's no secret secret that at-fault collisions and tickets lead to higher rates, but which company -- Farmers Automobile or Imt -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers Automobile policyholders can expect their prices to go up an average of $22 per month if they get a ticket, while Imt generally raises rates around $13 a month, on average.

But Imt tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket -- their rates are around 13% less expensive for drivers with clean records and 18% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Farmers Automobile can expect to see about an $30 -- or around 26% -- increase in their car insurance premiums. Drivers who use Imt for their auto insurance will see a monthly bill about $58 (or 43%) more expensive after reporting a collision to their insurance carrier.

Overall, the cheaper rates come from Farmers Automobile, with monthly prices averaging $117 compared to IMT Insurance's $134.

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 car insurance bill -- normally a lot more than an accident or ticket. Farmers Automobile drivers usually see a 51% increase in their auto insurance premiums after a DUI charge, while Imt will typically raise rates by around 44%.

If you have a DUI on your record and are looking for more affordable prices, Imt tends to be the much less expensive option with average premiums of $135 monthly compared to $178 from Farmers Automobile.

How does Credit Score Impact Farmers Automobile and Imt Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for many drivers.

Car insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Farmers Automobile and Imt specifically, which carrier has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Farmers Automobile. Drivers with "excellent" credit can save 7% compared to Imt, and those with "good" scores can also expect to see savings -- about $3 or 3% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Imt typically offers lower premiums than Farmers Automobile when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $15 per month less with Imt compared to Farmers Automobile, and those with "poor" scores usually save an average of about $49 a month.

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

How much you drive can have a large impact on your monthly insurance cost. Generally, the more miles you put on your car, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Imt charges. However, there's a significant difference in monthly prices for Farmers Automobile, with drivers who put 6,000 miles on their vehicle yearly paying around $21 less each month compared to those who drive 12,000 miles annually. Still, Imt is the cheaper option for drivers in both categories.

Farmers Automobile vs. Imt: 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 pretty big impact as well. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

Farmers Automobile generally comes out as the less expensive option for drivers in rural and suburban areas, while Imt wins in urban areas.

For drivers in urban ZIP codes, Imt's average premiums are about $136 while Farmers Automobile offers rates around $192. People in suburban areas pay about $92 with Farmers Automobile compared to Imt's $100 per month. Those in rural areas can expect to pay around $84 monthly with Farmers Automobile and $90 with Imt.

Farmers Automobile vs. Imt Discounts

Regardless of 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 possible, and the best way to do that is by taking advantage of as many car insurance discounts as you can.

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

Below, we've taken a look at all of the different discounts Farmers Automobile and Imt 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, Farmers Automobile has a slight advantage when it comes to total number of discounts. Imt offers a grand total of nine discounts, while Farmers Automobile has 11.

There are a couple discounts both companies offer, but Farmers Automobile also offers advance quote discounts, anti-theft discounts, EFT discounts, and more that Imt does not.

On the flip side, Imt has a couple unique discounts of its own -- commercial product discounts, distant student discounts, discounts for getting driver training, and more.

Final Thoughts: Is Farmers Automobile or Imt Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. But, when it comes down to it, which insurance carrier is the right company for you and your specific profile and needs?

Imt might be best for you if....

• You have a DUI charge on your record.
• Your neighborhood is in a city.
• You drive fewer than 12,000 miles every year.

Farmers Automobile might be best for you if...

• Your driving record contains an at-fault accident.
• You want to save extra money with discounts.
• Your neighborhood is in a rural area.

We hope this guide helps you get a better idea of the difference between Farmers Automobile and Imt. We also hope we've given you the information you need to make the best decision when it comes to your 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 Farmers Automobile and Imt. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Farmers Automobile vs. Imt FAQs

Is Farmers Automobile or Imt cheaper?

Looking just at the national average prices, Imt is the cheaper of the two companies, offering average rates of $109 a month compared to $123 for Farmers Automobile. That being said, Imt won't necessarily be the most affordable company for everyone, since there are a variety of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Farmers Automobile or Imt?

Sadly, the real answer is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on what your unique insurance profile looks like. For example, Imt offers more affordable premiums for drivers with a recent DUI, while Farmers Automobile is less expensive for drivers with excellent credit.

Why do Farmers Automobile and Imt offer me different rates?

Auto insurance carriers take a look at quite a few different factors when calculating the rates they charge policyholders. Variables such as age, where your home is, gender, your driving record, and sometimes even things like your credit score can all come into play. Both Farmers Automobile and Imt calculate prices using different factors, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Farmers Automobile or Imt is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several 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 free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the most affordable price. And who knows, the best company for you might not be Farmers Automobile or Imt 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.