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

Quick Facts

• Looking at the national averages for insurance, Farmers offers slightly more affordable rates than Trexis
• Farmers tends to be a much less expensive option for drivers who have received a ticket within the last few years
• Trexis offers more affordable prices for residents in Alabama and Arkansas

Farmers vs. Trexis: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You might have narrowed it down to Farmers or Trexis as potential options, but which company will offer you cheaper premiums?

Looking at nationwide averages, Farmers is about $17 per month more affordable than Trexis.

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

Luckily, we've broken down average premiums from both Farmers and Trexis by many different rate factors, so read on to find out which company is the best for you.

Farmers or Trexis: Average Car Insurance Rates by State

Farmers and Trexis only compete against each other in two states, with Farmers offering cheaper rates to the average driver in all of them. If you live in Alabama, Farmers is the less expensive of the two carriers when looking at the overall average prices. Trexis is the cheaper option in Arkansas.

That being said, there are plenty of other factors that go into your insurance payment than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any other group of drivers. It's usually because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Trexis save more than $30 a month compared to those who use Farmers. It's worth noting that Farmers offers car insurance in 25 different states compared to Trexis's two, which can skew the average rates a bit, but the difference here is still considerable.

However, with both companies, you'll see your premiums reduce significantly by the time you turn 25. For example, average prices for Farmers policyholders lower nearly $400 and Trexis's rates decrease over $300 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable insurance premiums out there. After all, they've likely been driving for quite some time, which typically lowers their chances of accidents and other infractions that can increase prices.

When looking at Farmers and Trexis specifically, which carrier is best for retired drivers? Farmers gets the edge, with premiums for drivers 65 and older more than 15% more affordable than the national average for Trexis.

Which is the Best Company for Married Drivers?

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

If you're in the market for insurance, Farmers tends to have the lowest average rates regardless of relationship status, with prices almost 10% less expensive for married policyholders and around 7% cheaper for single drivers.

Farmers vs. Trexis: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to auto insurance men will generally end up paying a little more.

Normally, women see prices about $7 per month more affordable with Farmers, while with Trexis, the difference is closer to $20 a month.

When it comes to the most affordable premiums for each gender, Farmers offers the cheapest average rates for both men and women, with average premiums 10% less for men and 5% cheaper for women.

Farmers or Trexis: 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. There are so many different limits and terms that it can make it pretty confusing to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages in addition to liability coverage).

In this case, Trexis offers the lowest average rates for state minimum limits for liability insurance, while Farmers has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $20 with Trexis Insurance, while full coverage comes out to be around $50 less expensive with Farmers Insurance.

Is Farmers or Trexis Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that collisions and tickets lead to higher rates, but which company -- Farmers or Trexis -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers policyholders can expect their prices to go up an average of $44 per month if they get a ticket, while Trexis normally raises premiums about $43 a month, on average.

Even so, Farmers tends to offer the best prices for drivers both with a speeding ticket and with a clean record. Drivers with a clean record can save around $20 per month and drivers with a ticket can save about $19 a month with Farmers Insurance.

Which Company is Best for Drivers After an Accident?

Farmers policyholders who get in an accident can expect to see their prices rise by over $60, while those who have insurance through Trexis will see around a $65 increase.

Overall, drivers who use Farmers end up with the cheaper prices after an accident, with monthly rates averaging $224 compared to Trexis Insurance's $247.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. Farmers drivers usually see a 27% raise in their insurance premiums after a DUI charge, while Trexis will typically increase rates by about 19%.

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

How does Credit Score Impact Farmers and Trexis Rates?

Did you know that many car insurance carriers take your credit score into account when calculating rates? This isn't always the case (for example, Hawaii and California are two states that ban the practice entirely), but it does affect a lot of drivers out there.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Farmers and Trexis specifically, which carrier has the cheapest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Farmers. Drivers with "excellent" credit can save over 15% compared to Trexis, and those with "good" scores can also expect to see savings -- around $31 or 14% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about $12 less with Farmers than Trexis, but those whose credit is considered "poor" have it flipped -- saving around $7 per month with Trexis.

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

How much you drive can have a large impact on your monthly car insurance bill. Normally, those who drive less will end up with less expensive premiums since there's less of a chance of getting into a collision and causing an insurance claim.

In this case, neither Farmers or Trexis report increasing rates 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 each year, with average prices of $203 a month for both.

Farmers vs. Trexis: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a sizable impact on your monthly insurance cost. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of cars that are on the roads in those areas.

Looking at these carriers side-by-side, Farmers typically comes out as the cheaper option for drivers in urban and suburban areas, while Trexis wins in rural areas.

If you live in a rural area, you can expect to save about 2% with Trexis compared to Farmers. Drivers in suburban ZIP codes pay around 15% less with Farmers compared to Trexis. In urban areas, Farmers Insurance's average prices are about 7% less than Trexis Insurance.

Farmers vs. Trexis Discounts

Regardless of 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 possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

But with what seems like a million different discounts out there, it can be difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

In the table below, we've broken down all of the different discounts offered by both Farmers and Trexis so that you can see which one can save you the most money each month.

Farmers knocks Trexis out of the park when it comes to the sheer number of discounts available, offering 12 more discounts than Trexis.

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

On the flip side, Trexis has a couple unique discounts of its own -- agency transfer discounts, education discounts, non-owner discounts, and more.

Final Thoughts: Is Farmers or Trexis Best for You?

So, we've broken down the average rates for many of the factors insurance carriers look at, and we've shown you all the discounts each carrier offers. But, when it comes down to it, which company is the right carrier for you and your specific profile and needs?

Farmers might be best for you if....

• You value the experience that comes with a large national car insurance carrier.
• Your driving record contains an at-fault collision.
• You are over 65 years old and want to save some money on your auto insurance.

Trexis might be best for you if...

• You want basic insurance coverage at the state minimum limits.
• You live in a rural neighborhood.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

We hope this guide has ben a valuable resource as you compare Farmers and Trexis. We also hope we've given you the information you need to make the best decision about your 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 Trexis. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Farmers vs. Trexis FAQs

Is Farmers or Trexis cheaper?

Looking just at the national average premiums, Farmers is the less expensive of the two companies, offering average rates of $203 per month compared to $220 for Trexis. But Farmers won't necessarily be the lowest company for every driver, since there are several different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Farmers or Trexis?

Unfortunately, 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. For example, Farmers offers more affordable rates for policyholders with an at-fault accident on their record, while Trexis is cheaper for drivers who have less-than-stellar credit scores.

Why do Farmers and Trexis offer me different rates?

Car insurance carriers take a look at lots of different factors when determining the prices they charge drivers. Variables like where you park your vehicle, where your home is, gender, age, and sometimes even things like your credit score can all be used. Both Farmers and Trexis calculate rates using different factors, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the auto 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 ZIP code and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Farmers or Trexis 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.