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

Quick Facts

• Based on national averages for insurance, Farmers Mutual of Tennessee offers significantly more affordable rates than Metlife
• Farmers Mutual of Tennessee offers more affordable prices for drivers who have less-than-stellar credit
• Metlife offers more discounts than Farmers Mutual of Tennessee

Farmers Mutual of Tennessee vs. Metlife: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You might be considering Farmers Mutual of Tennessee or Metlife for your next policy, but which company will offer you cheaper rates?

Looking at nationwide averages, Metlife has average rates that are about 70% per month more expensive than those from Farmers Mutual of Tennessee.

However, that doesn't necessarily mean Farmers Mutual of Tennessee will be the less expensive option for every single driver. Car insurance companies use a variety of complex algorithms to calculate prices, so depending on how good your credit score is or how old you are (among lots of other factors), you could see wildly different premiums from the ones above.

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

Farmers Mutual of Tennessee or Metlife: Average Car Insurance Rates by State

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There are plenty of other factors that go into your insurance bill than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any group out there on the road. That's usually because young, inexperienced drivers are statistically much more likely to get into an accident that results in an 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 more than $500 less a month by choosing Farmers Mutual of Tennessee over Metlife.

That being said, both carriers will offer you dramatically lower rates by the time you turn 25. Metlife offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Farmers Mutual of Tennessee still has the lowest premiums at $96 monthly.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the most affordable auto insurance prices you'll ever find. After all, they've likely been driving for quite some time, which typically reduces their chances of accidents and other infractions that can increase rates.

When looking at Farmers Mutual of Tennessee and Metlife specifically, which company is best for retired drivers? Farmers Mutual of Tennessee gets the edge, with premiums for drivers 65 and older $138 more affordable than the national average for Metlife.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive car insurance rates than married couples. This usually boils down to married drivers having several cars on their policy -- something quite a few insurance companies will reward with discounts.

When it comes to relationship status, Farmers Mutual of Tennessee is the clear winner for single policyholders, with prices around $316 per month cheaper than Metlife, on average. The advantage is also clear for married policyholders - Farmers Mutual of Tennessee offers the cheapest average rates.

Farmers Mutual of Tennessee vs. Metlife: Average Rates by Gender

Women normally to pay less for car insurance than men. This is because men are statistically more likely than women to get tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher prices.

Typically, men see premiums over $15 a month higher with Farmers Mutual of Tennessee, and nearly $30 with Metlife.

Looking at overall affordability, Farmers Mutual of Tennessee comes out on top for both men and women, with average prices $246 less for men and $235 cheaper for women.

Farmers Mutual of Tennessee or Metlife: 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.

Insurance can be a complicated subject for most people. There are multiple different coverages that account for a variety of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- liability only (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with a liability policy).

If you're looking for state minimum liability insurance, Farmers Mutual of Tennessee typically offers significantly less expensive rates of $44 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Farmers Mutual of Tennessee again has the edge, with policies about $300 per month more affordable than Metlife, on average.

Is Farmers Mutual of Tennessee or Metlife Better for Drivers with Spotty Records?

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

You'll probably end up paying more with 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?

Drivers with Farmers Mutual of Tennessee insurance policies don't report seeing their premiums increase after getting a ticket, but Metlife policyholders can expect to see their monthly bill increase by around 20%.

But Farmers Mutual of Tennessee is normally the cheaper option for both drivers who have clean records and those with a recent ticket -- their rates are around 61% less expensive for drivers with clean records and 69% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Farmers Mutual of Tennessee policyholders who get in an accident can expect to see their prices rise by $3, while those who have insurance through Metlife will see about a $150 increase.

Overall, drivers who use Farmers Mutual of Tennessee end up with the cheaper prices after an accident, with monthly premiums averaging $89 compared to MetLife's $368.

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 -- generally a lot more than a collision or speeding ticket. Metlife drivers usually see a 55% climb in their auto insurance rates after a DUI charge, while Farmers Mutual of Tennessee will usually increase prices by around 37%.

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

Did you know that many car insurance carriers take your credit score into account when calculating premiums? This isn't always the case (for example, California and Hawaii are two states that ban the practice entirely), but it might come into play for many drivers.

The reasoning auto insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive rates.

Looking at Farmers Mutual of Tennessee and Metlife specifically, which one has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Farmers Mutual of Tennessee or Metlife 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 insurance carriers will charge for coverage. Typically, those who drive fewer miles will end up with more affordable premiums since there's less of a chance of getting into an accident and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Farmers Mutual of Tennessee charges. However, there's a small difference in monthly rates for Metlife, with policyholders who drive 6,000 miles yearly paying about $3 less each month compared to those who drive 12,000 miles annually. Still, Farmers Mutual of Tennessee is the cheaper option for drivers in both categories.

Farmers Mutual of Tennessee vs. Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a sizable impact on your monthly auto insurance payment. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Farmers Mutual of Tennessee boasts the most affordable 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 Mutual of Tennessee offers prices around $114 a month compared to Metlife's $389. People who live in suburban ZIP codes can expect to pay about $95 a month for Farmers Mutual of Tennessee and $333 for Metlife. Lastly, those in rural areas tend to get the cheapest premiums from both companies, with average monthly rates coming in at $89 and $299 for Farmers Mutual of Tennessee and Metlife respectively.

Farmers Mutual of Tennessee vs. Metlife Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you qualify for.

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

Metlife blows Farmers Mutual of Tennessee away when it comes to the sheer amount of discounts available, offering 31 more discounts than Farmers Mutual of Tennessee.

Both carriers offer quite a few 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 Metlife also offers AAA discounts, ABS discounts, academic discounts, and more that Farmers Mutual of Tennessee does not.

On the flip side, Farmers Mutual of Tennessee has a unique discount of its own -- a forgiveness discounts.

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

So, we've broken down the average premiums for many of the factors auto insurance companies look at, and we've shown you all the discounts each company offers. That's all well and good, but when it comes down to it, which carrier is the best carrier for you and your specific needs?

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

• Your driving record contains an at-fault accident.
• Your home is located in the suburbs.
• You are over 65 years old and want to save some money on your car insurance.

Metlife might be best for you if...

• You value the experience that comes with a large national insurance company.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between Farmers Mutual of Tennessee and Metlife. 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 carriers, not just Farmers Mutual of Tennessee and Metlife. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Farmers Mutual of Tennessee vs. Metlife FAQs

Is Farmers Mutual of Tennessee or Metlife cheaper?

Looking just at the national average prices, Farmers Mutual of Tennessee is the more affordable of the two carriers, offering average rates of $100 per month compared to $340 for Metlife. Even so, Farmers Mutual of Tennessee won't necessarily be the most affordable carrier for every driver, since there are a bunch of different variables that are considered when it comes to your car insurance cost.

Who is better, Farmers Mutual of Tennessee or Metlife?

Unfortunately, the answer truly is "it depends.". Neither company is "better" for each driver -- it all comes down to what your unique insurance profile looks like.

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

Auto insurance companies take a look at a lot of different factors when determining the premiums they charge drivers. Variables such as where you call home, where your home is, gender, age, and sometimes even things like your credit score can all come into play. Both Farmers Mutual of Tennessee and Metlife calculate prices differently, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Farmers Mutual of Tennessee or Metlife is right for me?

The only way to find the car insurance company 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 do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the most affordable premium. And who knows, the best carrier for you might not be Farmers Mutual of Tennessee or Metlife 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.