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

Quick Facts

• Looking at the national averages for car insurance, Farmers offers significantly less expensive premiums than Frankenmuth
• Farmers offers more affordable average prices for policyholders who may not have much of a commute
• Frankenmuth offers more affordable rates for residents in Michigan and Ohio

Farmers vs. Frankenmuth: 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 your search down to Farmers or Frankenmuth for your next policy, but between the two, which company has less expensive premiums for auto insurance?

As you can see, Farmers has average rates that are about 35% per month cheaper than those from Frankenmuth when looking at the national average rates for car insurance.

However, that doesn't necessarily mean Farmers will be the more affordable option for every driver. Auto insurance companies use a variety of complex algorithms to calculate prices, so depending on where you live or how clean your driving record is (among a variety of other factors), you could see wildly different premiums from the ones above.

Wanting to know if Farmers or Frankenmuth is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Farmers or Frankenmuth: Average Car Insurance Rates by State

Farmers and Frankenmuth only compete against each other in two states, with Frankenmuth offering cheaper rates to the average driver in all of them. Michigan has the most noticable difference, where Frankenmuth premiums are over 20% more affordable than insurance prices at Farmers.

But there's more to calculating car insurance rates than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers. The reason is that young, inexperienced 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 rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Farmers for their auto insurance pay more than $150 less than those who use Frankenmuth. It's worth noting that Farmers offers insurance in 25 different states compared to Frankenmuth's two, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, with both carriers, you'll see your rates lower significantly once you turn 25. For example, average premiums for Farmers policyholders decrease nearly $400 and Frankenmuth's prices drop around $400 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 find.

But who has the best prices for retired drivers between Farmers and Frankenmuth? Farmers gets the edge here, with average premiums coming in at about $143 a month compared to Frankenmuth's $215.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive auto insurance prices than married drivers. That's generally because married couples tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, Farmers is the clear winner for those who are single, with rates around $119 a month less expensive than Frankenmuth, on average. The advantage for married policyholders with Farmers is also obvious, where drivers save over 40% per month.

Farmers vs. Frankenmuth: Average Rates by Gender

Women tend to pay less for car insurance than men. 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 premiums.

Generally, men see rates about 3% a month higher with Farmers, while with Frankenmuth, the difference is closer to 2% per month.

Looking at overall affordability, Farmers comes out on top for both men and women, with average prices $114 less for men and $115 cheaper for women.

Farmers or Frankenmuth: 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. Everyone needs auto insurance, but there are so many different limits and terms that it can be hard to find the right policy.

Even so, the 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 if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum limits for liability insurance, Farmers typically offers significantly cheaper premiums of $126 compared to Frankenmuth's $214. When it comes to full coverage policies with similar limits, Farmers again has the edge, with policies around $150 a month more affordable than Frankenmuth, on average.

Is Farmers or Frankenmuth Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with at-fault accidents and tickets on your record, but which of these two companies offers the lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers policyholders can expect their rates to go up an average of $44 per month if they get a ticket, while Frankenmuth usually raises premiums about $74 a month, on average.

But Farmers has less expensive rates for drivers in both categories, offering premiums that are 6% and 17% more affordable, respectively, compared to Frankenmuth Insurance.

Which Company is Best for Drivers After an Accident?

Farmers drivers who get in a collision can expect to see their prices increase by just under 30%, while those who have insurance through Frankenmuth will see around a 20% increase.

Overall, the less expensive rates come from Frankenmuth, with monthly premiums averaging $214 compared to Farmers Insurance's $224.

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 speeding ticket. On average, Frankenmuth will climb your prices about 73% after a DUI, while Farmers's average premiums climb by over 25%.

Farmers has the overall most affordable prices for drivers with a DUI on their records at $221 monthly, but it's worth noting that Farmers's average rates come from 25 states compared to just two for Frankenmuth, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Frankenmuth Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect lots of policyholders out there.

The reasoning car insurance carriers 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 premiums.

Looking specifically at Frankenmuth and Farmers, which carrier has the best prices 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. Drivers with "excellent" credit can save just under 20% compared to Frankenmuth, and those with "good" scores can also expect to see savings -- around $62 or 25% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Farmers typically offers lower rates than Frankenmuth when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $73 per month less with Farmers compared to Frankenmuth, and those with "poor" scores usually save an average of around $281 per month.

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

Did you know that the amount of time you spend in your car have a substantial impact on your monthly auto insurance bill? Generally, the more miles you put on your car, the more you can expect to pay for coverage.

In this case, neither Farmers or Frankenmuth report increasing prices for drivers with higher annual mileage figures. Still, Farmers comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average rates of $203 a month for both.

Farmers vs. Frankenmuth: 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 insurance, but the type of area you live in can have a large impact as well. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

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

Policyholders in rural ZIP codes see the lowest rates from both carriers, but Farmers comes out on top with average premiums about $170 a month. Farmers also has less expensive average prices for drivers in urban and suburban ZIP codes -- a 37% and 34% per month respective difference when compared to Frankenmuth policyholders in similar areas.

Farmers vs. Frankenmuth 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 utilizing as many 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're eligible for or to nail down the carrier that has the most discounts for your unique driver profile.

Below, we've taken a look at all of the different discounts Farmers and Frankenmuth offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Farmers knocks Frankenmuth out of the park when it comes to the sheer number of discounts available, offering 17 more discounts than Frankenmuth.

There are a couple discounts both companies offer, but Farmers also offers ABS discounts, alternative fuel discounts, anti-theft discounts, and more that Frankenmuth does not.

On the flip side, Frankenmuth has a couple unique discounts of its own -- family discounts and renewal discounts.

Final Thoughts: Is Farmers or Frankenmuth Best for You?

So, we've broken down the average rates for many of the factors auto insurance carriers look at, and walked through the different discounts each company offers, too. But, when it comes down to it, is Farmers or Frankenmuth the right company for you and your specific profile and needs?

Farmers might be best for you if....

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" insurance.
• You live in a rural area.

Frankenmuth might be best for you if...

• You live in one of the following states: Michigan and Ohio.
• Your driving record contains an at-fault accident.

We hope this guide helps you get a better idea of the difference between Farmers and Frankenmuth and that it aids in making a more informed decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from multiple companies, not just Farmers and Frankenmuth. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Farmers vs. Frankenmuth FAQs

Is Farmers or Frankenmuth cheaper?

Looking just at the national average prices, Farmers is the cheaper of the two companies, offering average rates of $203 a month compared to $318 for Frankenmuth. However, Farmers won't necessarily be the most affordable carrier 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 or Frankenmuth?

Unfortunately, the answer truly is "it depends.". No one company is "better" for everyone -- it all depends on the makeup of your unique car insurance profile. For example, Frankenmuth offers less expensive premiums for drivers with an at-fault collision on their record, while Farmers is cheaper for drivers who have less-than-stellar credit scores.

Why do Farmers and Frankenmuth offer me different rates?

Insurance carriers take a look at several different factors when determining the prices they charge policyholders. Variables like gender, where you live, your driving record, age, and sometimes even things like your credit score can all come into play. Both Farmers and Frankenmuth calculate rates using different factors, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

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