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

Quick Facts

• Based on national averages for auto insurance, Farmers offers less expensive premiums than Nevada General
• Farmers has more affordable rates for policyholders who haven't received any speeding tickets or been in a collision in the last few years
• Nevada General has cheaper prices in NV

Farmers or Nevada General: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Farmers or Nevada General as your top options, but between the two, which company will save you the most?

Looking at the national average rates for both carriers, Nevada General is around $46 more a month than Farmers.

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

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

Farmers vs. Nevada General: Average Car Insurance Rates by State

Farmers and Nevada General only compete against each other in Nevada, where Farmers offers the cheaper average rates. Farmers drivers tend to pay about $2 per month less on average compared to drivers who use Nevada General for their car insurance.

But there's more to calculating auto insurance premiums than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group out there on the road. Normally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. As you can see above, teens who use Farmers save over 10% a month compared to those who use Nevada General. It's worth noting that Farmers offers auto insurance in 25 different states compared to Nevada General's one, which can skew the average rates a bit, but the difference here is still considerable.

That being said, both carriers will drop premiums by the time drivers turn 25. For example, average rates for Farmers policyholders reduce about $400 and Nevada General's prices decrease almost $400 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 most affordable rates out there.

But who has the best prices for retired drivers between Farmers and Nevada General? Farmers gets the edge, with premiums for drivers 65 and older nearly 25% cheaper than the national average for Nevada General.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive car insurance prices than married policyholders. That's because policies for married couples usually cover several vehicles, which a lot of companies will give you a discount for.

For single drivers, the difference in average rates between these two carriers is significant, with Farmers premiums coming in at around 15% less than Nevada General's. The advantage for married drivers with Farmers is also obvious, where drivers save about $40 per month.

Farmers or Nevada General: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding, which means they'll typically end up paying more for auto insurance than women.

Typically, women see prices around 3% a month less with Farmers, and about 2% less with Nevada General when compared to their male counterparts.

Looking at overall affordability, Farmers comes out as the lowest option for both genders, with average rates $44 less for men and $46 cheaper for women.

Farmers vs. Nevada General: 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, car insurance can be pretty complicated. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside what you get with a liability policy).

Looking specifically at state minimum liability limits, Farmers has the 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 Nevada General's $348.

Is Farmers or Nevada General 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 at-fault collisions and speeding tickets on your record, but which of these two companies offers the cheapest prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farmers for their insurance can generally expect their monthly bill to go up about 21% after getting a speeding ticket. Nevada General policyholders can expect a less drastic increase of around 10%.

Even so, Farmers is usually the less expensive option for drivers both with a ticket and with a clean record -- their rates are around 22% cheaper for drivers with clean records and 11% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with Farmers climbing by about 28%. Nevada General has a less extreme increase, but you can still expect to pay nearly 20% more than you were prior to your first accident.

At the end of the day, the more affordable premiums come from Farmers, with average rates coming in at $224 compared to Nevada General Insurance Company's $257.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. On average, Nevada General will climb your prices around 30% after a DUI, while Farmers's average premiums climb by more than 25%.

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

How does Credit Score Impact Farmers and Nevada General Rates?

Did you know many auto insurance companies take your credit score into account when determining premiums? This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it will come into play for quite a few drivers.

Car 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 Nevada General, which one has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Farmers will typically reward you the most. For policyholders with "excellent" credit scores, Farmers comes in just under 34.14 less expensive. Drivers with "good" credit scores generally save about 26% with Farmers compared to average prices from Nevada General.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around 16% less with Farmers than Nevada General, but those whose credit is considered "poor" have it flipped -- saving about 3% a month with Nevada General.

Is Farmers or Nevada General 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 sizable impact on your monthly premiums? Normally, the more milage you put on your car, the more you can expect to pay for coverage.

In this case, neither Farmers or Nevada General report increasing prices for drivers with higher annual mileage figures. That being said, Farmers comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average rates of $203 per month for both.

Farmers or Nevada General: 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 big impact as well. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of cars that are on the roads where they live.

Farmers tends to offer the most affordable prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Farmers Insurance's average premiums are around 28% less than Nevada General Insurance Company. People who live in suburban areas pay about 1% less with Farmers compared to Nevada General. Those in rural areas can expect to save around 19% with Farmers compared to Nevada General.

Farmers vs. Nevada General Discounts

No matter why you might be in the market for a new car 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 Nevada General so that you can see which carrier can save you the most money each month.

Farmers knocks Nevada General out of the park when it comes to the sheer number of discounts available, offering 28 different discounts to Nevada General's nine.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and group discounts. Farmers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Nevada General has a few proprietary discounts of their own for things like agency transfer discounts, online quote discounts, and renewal discounts.

Final Thoughts: Is Farmers or Nevada General Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the best fit for you?

Farmers might be best for you if....

• You want to save money on your car insurance after a collision.
• You're looking for the best rates on liability only coverage.
• You have a short drive to work everyday.

Nevada General might be best for you if...

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

Hopefully, this guide has ben a valuable resource as you compare Farmers and Nevada General and that you can now make a more informed decision when it comes to your auto 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 insurance -- comparing quotes from a handful of carriers, not just Farmers and Nevada General. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Farmers vs. Nevada General FAQs

Is Farmers or Nevada General cheaper?

Farmers is the cheaper of the two carriers when looking at national average premiums, with policies averaging $203 a month with Farmers and $249 for Nevada General. However, that doesn't mean Farmers will be the cheapest company for every driver, since there are multiple different factors that are considered when it comes to your car insurance cost.

Who is better, Farmers or Nevada General?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for each policyholder -- it all comes down to what your unique auto insurance profile looks like. For example, Nevada General is more affordable for drivers who have less-than-stellar credit scores, while Farmers offers less expensive rates for policyholders with an at-fault collision on their record.

Why do Farmers and Nevada General offer me different rates?

Car insurance companies use lots of different variables when calculating the prices they charge. Factors such as age, your driving record, where you call home, gender, and sometimes even things like your credit score can all be used. Both Farmers and Nevada General calculate rates using different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from several different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several 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 area information and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Farmers or Nevada General 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.