Farmers vs. Farmers Mutual of Tennessee: Which Company is the Best Fit for You?

Quick Facts

• In general, Farmers Mutual of Tennessee offers significantly less expensive premiums than Farmers
• Farmers may help you save more money -- they offer more discounts than Farmers Mutual of Tennessee
• Farmers Mutual of Tennessee offers more affordable prices for policyholders who have a clean record

Farmers or Farmers Mutual of Tennessee: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You might have narrowed it down to Farmers or Farmers Mutual of Tennessee for your next policy, but which carrier will save you the most?

Looking at the national average rates for both carriers, Farmers Mutual of Tennessee is quite a bit cheaper than Farmers, with rates averaging $100 a month compared to $203 with Farmers.

Even so, that doesn't mean Farmers Mutual of Tennessee will necessarily be more affordable than Farmers for every single driver. Insurance companies vary their premiums depending on things like how good your credit score is, how clean your driving record is, where you live, how old you are, and tons of other factors, so prices will change quite a bit from person to person.

Luckily, we've broken down average rates from both Farmers and Farmers Mutual of Tennessee by several different rate factors, so read on to find out which company is the best for you.

Farmers vs. Farmers Mutual of Tennessee: Average Car Insurance Rates by State

Farmers and Farmers Mutual of Tennessee only compete against each other in Tennessee, where Farmers Mutual of Tennessee offers the cheaper average premiums. Farmers Mutual of Tennessee drivers tend to pay about $60 per month less on average compared to drivers who use Farmers for their car insurance.

That being said, there are plenty of other factors that go into your auto insurance payment than just where you live. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group out there on the road. It's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Farmers Mutual of Tennessee save over 60% a month compared to those who use Farmers. It's worth noting that Farmers offers auto insurance in 25 different states compared to Farmers Mutual of Tennessee's one, which can skew the average prices a bit, but the difference here is still considerable.

But with both carriers, you'll see your rates reduce significantly by the time you turn 25. For example, average prices for Farmers policyholders drop around $400 and Farmers Mutual of Tennessee's premiums lower almost $150 over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? Farmers Mutual of Tennessee gets the edge here, with average rates coming in at about $67 per month compared to Farmers's $143.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be more expensive for those who are single than they are for married couples. This usually boils down to married policyholders having more than one vehicle on their policy -- something quite a few insurance companies will reward with discounts.

For single drivers, the difference in average rates between these two carriers is significant, with Farmers Mutual of Tennessee prices coming in at around half of Farmers's. The advantage for married drivers with Farmers Mutual of Tennessee is also obvious, where drivers save nearly 50% per month.

Farmers or Farmers Mutual of Tennessee: Average Rates by Gender

Did you know men tend to pay more for auto insurance than women? This is because men are statistically more likely than women to get pulled over for speeding or get into a collision, which leads to increased risk for insurers and, therefore, higher rates.

With Farmers, men typically pay about 3% more a month than women., and around 16% more with Farmers Mutual of Tennessee.

When it comes to the lowest premiums for each gender, Farmers Mutual of Tennessee offers the most affordable average prices for both men and women, with average premiums 48% less for men and 55% cheaper for women.

Farmers vs. Farmers Mutual of Tennessee: 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 isn't the easiest topic to understand. There are multiple 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 an accident.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum liability limits, Farmers Mutual of Tennessee has the significant edge, with average monthly prices coming in at $44. If you want a full coverage policy with the same state minimum limits, Farmers Mutual of Tennessee again has the edge, with policies averaging about $155 per month to Farmers's $281.

Is Farmers or Farmers Mutual of Tennessee 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 speeding tickets and at-fault collisions on your record, but which of these two companies offers the lowest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Farmers Mutual of Tennessee car insurance policies don't report seeing their prices increase after getting a ticket, but Farmers policyholders can expect to see their monthly bill increase by around $45.

But Farmers Mutual of Tennessee has cheaper premiums for drivers in both categories -- their rates are around 47% more affordable for drivers with clean records and 58% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Farmers drivers who get in an accident can expect to see their rates rise by over $60, while those who have insurance through Farmers Mutual of Tennessee will see about a $3 increase.

At the end of the day, drivers who use Farmers Mutual of Tennessee end up with the cheaper prices after an accident, with average premiums coming in at $89 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 collision or speeding ticket when it comes to your auto insurance bill. Farmers drivers usually see a 27% increase in their car insurance prices after a DUI charge, while Farmers Mutual of Tennessee will generally raise rates by around 37%.

Farmers Mutual of Tennessee has the overall most affordable premiums for drivers with a DUI on their records at $137 a month, but it's worth noting that Farmers's average rates come from 25 states compared to just one for Farmers Mutual of Tennessee, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Farmers Mutual of Tennessee Rates?

You may not realized it, but your credit score can be used as one of the factors to determine your monthly insurance rates. Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it does affect several policyholders out there.

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

Looking specifically at Farmers and Farmers Mutual of Tennessee, which company has the cheapest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Farmers Mutual of Tennessee will generally reward you the most. For drivers with "excellent" credit scores, Farmers Mutual of Tennessee comes in nearly 44.51 more affordable. Drivers with "good" credit scores normally save about 48% with Farmers Mutual of Tennessee compared to average premiums from Farmers.

Which Company is Best for Drivers with Bad Credit?

Farmers Mutual of Tennessee typically offers lower prices than Farmers when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 52% a month less with Farmers Mutual of Tennessee compared to Farmers, and those with "poor" scores usually save an average of about 57% monthly.

Is Farmers or Farmers Mutual of Tennessee 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 your monthly rates. Generally, those who drive less will end up with cheaper premiums since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Farmers or Farmers Mutual of Tennessee report increasing prices for drivers with higher annual mileage figures. Still, Farmers Mutual of Tennessee comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average rates of $100 per month for both.

Farmers or Farmers Mutual of Tennessee: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a sizable impact on your monthly auto insurance bill. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of vehicles that are on the roads where they live.

When comparing these two carriers side-by-side, Farmers Mutual of Tennessee usually comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save around $81 with Farmers Mutual of Tennessee compared to Farmers. People who live in suburban areas pay about $94 less with Farmers Mutual of Tennessee compared to Farmers. For policyholders in urban ZIP codes, Farmers Mutual of Tennessee's average rates are around $137 less than Farmers Insurance.

Farmers vs. Farmers Mutual of Tennessee 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 taking advantage of 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 challenging to find all the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Farmers and Farmers Mutual of Tennessee so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Farmers knocks Farmers Mutual of Tennessee out of the park when it comes to the sheer number of discounts available, offering 23 more discounts than Farmers Mutual of Tennessee.

Both companies offer several of the same discounts -- like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and multi-policy discounts -- but Farmers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Farmers Mutual of Tennessee has a proprietary discount of their own -- a forgiveness discounts.

Final Thoughts: Is Farmers or Farmers Mutual of Tennessee Best for You?

So, we've broken down the average premiums for many of the variables insurance carriers look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, is Farmers or Farmers Mutual of Tennessee the best one for you and your specific driver profile?

Farmers Mutual of Tennessee might be best for you if....

• You will be the only person on the car insurance policy.
• You have above-average credit.
• You live in a rural neighborhood.

Farmers might be best for you if...

• You value the experience that comes with a large national insurance company.
• You're looking for the carrier with the most discounts.

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

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just Farmers and Farmers Mutual of Tennessee. 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 auto insurance carriers in your area, all for free.

Farmers vs. Farmers Mutual of Tennessee FAQs

Is Farmers or Farmers Mutual of Tennessee cheaper?

Farmers Mutual of Tennessee is the less expensive of the two companies when looking at national average prices, with policies averaging $100 a month with Farmers Mutual of Tennessee and $203 for Farmers. Even so, that doesn't mean Farmers Mutual of Tennessee will be the lowest company for everyone, since there are lots of different factors that are considered when it comes to your insurance cost.

Who is better, Farmers or Farmers Mutual of Tennessee?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Farmers and Farmers Mutual of Tennessee offer me different rates?

Auto insurance carriers use many different variables when determining the rates they charge. Things such as your driving record, gender, age, where you park your car, and sometimes even things like your credit score can all be taken into consideration. Both Farmers and Farmers Mutual of Tennessee 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 a range of different companies.

How do I know if Farmers or Farmers Mutual of Tennessee 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, Compare.com makes 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 companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Farmers or Farmers Mutual of Tennessee 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.