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

Quick Facts

• Looking at the national averages for auto insurance, Farmers Automobile offers significantly less expensive rates than Metlife
• Farmers Automobile offers more affordable average prices for policyholders who live in rural neighborhoods
• Metlife may help you save more money -- they offer more discounts than Farmers Automobile Insurance Association

Farmers Automobile or Metlife: Which Company has the Cheapest Car Insurance?

Are you considering 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 be considering Farmers Automobile or Metlife, but which company will save you the most?

As you can see, Farmers Automobile has average rates that are around 65% a month cheaper than those from Metlife when looking at the national average rates for insurance.

Even so, that doesn't mean Farmers Automobile will necessarily be more affordable than Metlife for every driver. Auto insurance carriers vary their rates depending on things like how old you are, how good your credit score is, where you live, how clean your driving record is, and a ton of other factors, so prices could differ drastically from person to person.

So, if you want to find out which of Farmers Automobile or Metlife is really the best for you, keep reading to see average premiums for each carrier broken down by a range of different rate factors.

Farmers Automobile vs. Metlife: Average Car Insurance Rates by State

Farmers Automobile and Metlife only compete against each other in two states, with Farmers Automobile offering cheaper rates to the average driver in all of them. Wisconsin has the most noticable difference, where Farmers Automobile prices are $229 less expensive than car insurance premiums at Metlife.

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 auto insurance companies determine your rates. Read on to learn 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 group on the road. It's typically because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 70% less per month by choosing Farmers Automobile over Metlife.

However, with both carriers, you'll see your premiums reduce significantly once you turn 25. For example, average prices for Farmers Automobile policyholders decrease about $150 and Metlife's premiums lower more than $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates you'll ever find.

So, which company offers the best prices to retired drivers? Farmers Automobile gets the edge, with premiums for drivers 65 and older $109 cheaper than the national average for Metlife.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive car insurance rates than married policyholders. This usually boils down to married couples having multiple vehicles on their policy -- something lots of insurance companies will reward with discounts.

For single policyholders, the difference in average premiums between these two carriers is significant, with Farmers Automobile rates coming in at around a third of Metlife's. The advantage for married drivers with Farmers Automobile is also obvious, where drivers save over 55% a month.

Farmers Automobile or Metlife: Average Rates by Gender

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

Typically, women see prices about 1% per month less with Farmers Automobile, and around 8% less with Metlife.

When it comes to the lowest rates for each gender, Farmers Automobile comes out on top for both men and women, with average prices 65% less for men and 63% cheaper for women.

Farmers Automobile vs. Metlife: 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.

For most people, insurance can be pretty complicated. There are lots of different coverages that account for a variety of 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.

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 an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Farmers Automobile has the significant edge, with average monthly premiums coming in at $75. If you want a full coverage policy with the same state minimum limits, Farmers Automobile again has the edge, with policies averaging about $170 a month to Metlife's $466.

Is Farmers Automobile or Metlife 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.

Accidents and speeding tickets will most likely raise your rates, but is Farmers Automobile or Metlife less expensive for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farmers Automobile for their car insurance can usually expect their monthly bill to go up around 20% after getting a speeding ticket. Metlife policyholders can expect a bit more drastic of an increase of about 21%.

That being said, Farmers Automobile has more affordable premiums for drivers in both categories, offering prices that are $133 and $170 cheaper, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Farmers Automobile drivers who get in a collision can expect to see their rates climb by over 25%, while those who have insurance through Metlife will see around a 40% increase.

At the end of the day, the more affordable premiums come from Farmers Automobile, with average prices coming in at $117 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. On average, Metlife will raise your premiums about 55% after a DUI, while Farmers Automobile's average rates rise by more than 50%.

How does Credit Score Impact Farmers Automobile and Metlife Rates?

Often times, your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as an insurance factor, but it might come into play for quite a few policyholders.

The reasoning insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive prices.

So, which carrier offers the cheapest rates for policyholders 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 Farmers Automobile or Metlife Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on your monthly car insurance bill. That's because the fewer miles you drive, the less likely you are to be in an accident and file an insurance claim.

Farmers Automobile tends to be the cheaper option for both remote workers and those taking short commutes. Metlife average prices for drivers with 6,000 annual miles come in around $227 more expensive than Farmers Automobile. Those who drive 12,000 miles every year can expect to pay about $209 more with Metlife over Farmers Automobile.

Farmers Automobile or Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a pretty big role in how much you pay for auto insurance. Typically, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer cars on the roads where they live.

When comparing these two carriers side-by-side, Farmers Automobile generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to pay around $84 per month with Farmers Automobile and $299 with Metlife. Drivers in suburban ZIP codes pay about $92 with Farmers Automobile compared to Metlife's $333 a month. For drivers in urban ZIP codes, Farmers Automobile's average premiums are around $192 while Metlife offers rates about $389.

Farmers Automobile vs. Metlife 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, and the best way to do that is by utilizing as many auto insurance discounts as possible.

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.

Luckily, we did the hard work for you and looked at all of the different discounts Farmers Automobile and Metlife offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Metlife blows Farmers Automobile away when it comes to the sheer amount of discounts available, offering 25 more discounts than Farmers Automobile.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and group discounts. Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Farmers Automobile has a few proprietary discounts of their own for things like advance quote discounts, hybrid vehicle discounts, paid in full discounts, and more.

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

So, we've broken down the average prices for many of the variables car insurance companies look at, and we've shown you all the discounts each company offers. But, at the end of the day, which carrier is the right carrier for you, your vehicle, and your wallet?

Farmers Automobile might be best for you if....

• You've been pulled over for speeding recently.
• You live in an suburban area.
• You want to save money while purchasing insurance for a teenager.

Metlife might be best for you if...

• You are considering moving to another state -- undefined only offers policies in.
• You're looking for discounts -- Metlife has the most.

Hopefully, this guide has ben a valuable resource as you compare Farmers Automobile and Metlife. 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 best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just Farmers Automobile and Metlife. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

Farmers Automobile vs. Metlife FAQs

Is Farmers Automobile or Metlife cheaper?

Farmers Automobile is the more affordable of the two carriers when looking at national average premiums, with policies averaging $123 per month with Farmers Automobile and $340 for Metlife. But that doesn't mean Farmers Automobile will be the lowest company for each driver, since there are many different factors that are considered when it comes to your car insurance cost.

Who is better, Farmers Automobile or Metlife?

Sadly, the only answer we can give you is "it depends.". One carrier is not "better" for every policyholder -- it all boils down to your unique insurance profile.

Why do Farmers Automobile and Metlife offer me different rates?

Auto insurance companies use many different variables when determining the rates they charge. Things such as your driving record, where you park your vehicle, gender, age, and sometimes even things like your credit score can all come into play. Both Farmers Automobile and Metlife calculate prices using different factors, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from several different carriers.

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

The only way to find the car insurance carrier 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, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't Farmers Automobile or Metlife 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.