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

Quick Facts

• Looking at the national averages for car insurance, Farmers offers significantly more affordable prices than Fremont
• Farmers offers cheaper average rates for policyholders who drive fewer than 6,000 miles every year
• Fremont has less expensive premiums in MI

Farmers or Fremont: 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 hefty savings. But exactly how much can you save by switching?

You might have narrowed it down to Farmers or Fremont as potential options, but between the two, which company has more affordable prices for auto insurance?

Looking at nationwide averages, Fremont has average rates that are around 65% a month more expensive than those from Farmers.

That being said, Farmers may not be the lowest or best option for every driver out there. Car insurance carriers use tons of complex algorithms to determine rates, so depending on how good your credit score is or where you live (among numerous other factors), you could see wildly different premiums from the ones above.

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

Farmers vs. Fremont: Average Car Insurance Rates by State

Farmers and Fremont only compete against each other in Michigan, where Fremont offers the cheaper average prices. Fremont drivers tend to pay about $52 per month less on average compared to drivers who use Farmers for their insurance.

But there's more to calculating car insurance rates than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any other group of drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

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 65% less a month by choosing Farmers over Fremont. It's worth noting that Farmers offers auto insurance in 25 different states compared to Fremont's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both companies, you'll see your prices decrease significantly by the time drivers turn 25. For example, average premiums for Farmers policyholders drop more than 70% and Fremont's rates reduce over 70% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest insurance premiums out there. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise rates.

But who has the best prices for retired drivers between Farmers and Fremont? Farmers gets the edge, with premiums for drivers 65 and older $178 less expensive than the national average for Fremont.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are normally more expensive for those who are single than they are for married couples? That's typically because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single drivers, the difference in average rates between these two carriers is significant, with Farmers premiums coming in at about a third of Fremont's. The advantage for married drivers with Farmers is also obvious, where drivers save around $250 per month.

Farmers or Fremont: Average Rates by Gender

Did you know men normally pay more for car 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 prices.

On average, women see rates about $7 a month cheaper with Farmers; women and men end up paying same monthly premiums with Fremont.

When it comes to the most affordable rates for each gender, Farmers offers the cheapest average prices for both men and women, with average rates 63% less for men and 64% cheaper for women.

Farmers vs. Fremont: 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 auto insurance can be pretty complicated. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

Even so, most policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability limits, Farmers has the significant edge, with average monthly premiums coming in at $126. If you want a full coverage policy with the same state minimum limits, Farmers again has the edge, with policies averaging around $281 per month to Fremont's $790.

Is Farmers or Fremont Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that at-fault accidents and speeding tickets lead to higher prices, but which carrier -- Farmers or Fremont -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farmers for their insurance can usually expect their monthly bill to go up about 21% after getting a speeding ticket. Fremont policyholders can expect a bit more drastic of an increase of around 38%.

But Farmers tends to offer the best prices for drivers both with a ticket and with a clean record, offering prices that are $63 and $157 more affordable, respectively, compared to Fremont Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Farmers can expect to see about an $62 -- or around 28% -- rise in their insurance rates. Drivers who use Fremont for their car insurance will see a monthly bill about $82 (or 27%) more expensive after reporting a collision to their auto insurance company.

At the end of the day, drivers who use Farmers end up with the cheaper prices after an accident, with average premiums coming in at $224 compared to Fremont Insurance's $307.

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 insurance bill. Fremont drivers usually see a 83% raise in their car insurance prices after a DUI charge, while Farmers will typically increase rates by around 27%.

Farmers has the overall most affordable premiums 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 one for Fremont, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Fremont Rates?

You may not realized it, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it does affect several drivers out there.

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, policyholders with bad credit will often be forced to pay more.

Looking specifically at Farmers and Fremont, which one has the lowest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a small number of states that does not allow car insurance companies from using credit scores to determine prices. And since Fremont is only available in Michigan, there is no data available on how credit score impacts rates because it's not a factor at all. This may be a good thing, since Farmers and other carriers tend to increase prices quite a bit in other states if you don't have excellent credit.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score and live in Michigan, the good news is it won't cost you extra when it comes to insurance. As you can see, poor credit can really cost Farmers drivers in other states, but no need to worry if you live in Michigan.

Is Farmers or Fremont 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. Normally, the more milage you drive, the more you can expect to pay for auto insurance.

In this case, neither Farmers or Fremont report increasing premiums for drivers with higher annual mileage figures. That being said, Farmers 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 prices of $203 a month for both.

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

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

Farmers boasts the lowest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Farmers Insurance's average premiums are about 63% less than Fremont Insurance. People who live in suburban areas pay around 65% less with Farmers compared to Fremont. Those in rural areas can expect to save about 64% with Farmers compared to Fremont.

Farmers vs. Fremont Discounts

No matter 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 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 difficult to find all the ones you're eligible for or to nail down the company that has the most discounts for your unique driver profile.

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

Farmers knocks Fremont out of the park when it comes to the sheer number of discounts available, offering 14 more discounts than Fremont.

Both carriers offer lots of the same discounts -- like anti-theft discounts, discounts for being a good driver, discounts for being a good student, and multi-policy discounts -- but Farmers also offers discounts for advance quote, alternative fuel, distant student, and more.

On the other hand, Fremont has a few proprietary discounts of their own for things like COVID-19 relief discount, garage discounts, premier risk discounts, and more.

Final Thoughts: Is Farmers or Fremont Best for You?

So, you've seen how different variables can affect your car insurance rates. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which company is the right fit for you?

Farmers might be best for you if....

• You've been pulled over for speeding recently.
• You're looking for the best prices on liability only coverage.
• You drive fewer than 12,000 miles yearly.

Fremont might be best for you if...

• You like the personalized touch of a small, regional carrier.

Hopefully, this guide helps you get a good idea of the differences between Farmers and Fremont. We also hope we've given you the information you need to make the best decision when it comes to your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Farmers and Fremont. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Farmers vs. Fremont FAQs

Is Farmers or Fremont cheaper?

Farmers is the less expensive of the two companies when looking at national average premiums, with policies averaging $203 per month with Farmers and $562 for Fremont. That being said, that doesn't mean Farmers will be the most affordable company for each driver, since there are lots of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Farmers or Fremont?

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

Why do Farmers and Fremont offer me different rates?

Car insurance carriers use quite a few different variables when determining the prices they charge. Factors such as age, your driving record, where your home is, gender, and sometimes even things like your credit score can all be used. Both Farmers and Fremont calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

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