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

Quick Facts

• In general, Farmers Mutual of Tennessee offers significantly cheaper premiums than State Farm
• Farmers Mutual of Tennessee tends to be a much less expensive option for people who are single and purchasing auto insurance by yourself
• State Farm offers more discounts than Farmers Mutual of Tennessee

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Farmers Mutual of Tennessee or State Farm as potential options, but between the two, which carrier will save you the most?

Looking at the national average rates for both companies, Farmers Mutual of Tennessee is quite a bit cheaper than State Farm, with rates averaging $100 per month compared to $158 with State Farm.

That being said, that doesn't mean Farmers Mutual of Tennessee will necessarily be more affordable than State Farm for every driver. Car insurance carriers vary their prices depending on things like how old you are, how clean your driving record is, where you live, how good your credit score is, and a ton of other factors, so rates will vary quite a bit from person to person.

So, if you want to find out which of Farmers Mutual of Tennessee or State Farm is really the best for you, keep reading to see average premiums for each company broken down by a range of different rate factors.

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

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That being said, there are plenty of other factors that go into your car insurance bill than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any group out there on the road. That's because 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 prices, teen drivers can still find ways to save money. As you can see above, teens who use Farmers Mutual of Tennessee save nearly $150 a month compared to those who use State Farm.

Even so, both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Farmers Mutual of Tennessee policyholders reduce almost $150 and State Farm's prices lower more than $200 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 most affordable rates you'll ever see.

So, which carrier offers the best premiums to retired drivers? Farmers Mutual of Tennessee gets the edge, with prices for drivers 65 and older nearly 40% less expensive than the national average for State Farm.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more expensive for those who are single than they are for married policyholders. This usually boils down to married drivers having multiple cars on their policy -- something a lot of insurance carriers will reward with discounts.

When it comes to relationship status, Farmers Mutual of Tennessee is the clear winner for single policyholders, with premiums about $65 per month more affordable than State Farm, on average. The advantage for married couples with Farmers Mutual of Tennessee is also obvious, where drivers save around $50 a month.

Farmers Mutual of Tennessee vs. State Farm: Average Rates by Gender

Women normally to pay less for car insurance than men. This is because women are less likely to get speeding tickets and get into collisions, which lowers the chances of an insurance claim.

Usually, men see prices over 15% per month higher with Farmers Mutual of Tennessee, and about 7% more with State Farm.

Looking at overall affordability, Farmers Mutual of Tennessee comes out on top for both men and women. On average, male drivers save about $56 a month and women save around $61 with Farmers Mutual of Tennessee compared to the average State Farm policyholder.

Farmers Mutual of Tennessee or State Farm: 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 many different coverages that account for multiple 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.

However, most policies that many drivers look at fall into two categories -- 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, alongside liability).

If you're looking for state minimum liability limits, Farmers Mutual of Tennessee typically offers significantly cheaper premiums of $44 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Farmers Mutual of Tennessee again has the edge, with policies about $60 per month more affordable than State Farm, on average.

Is Farmers Mutual of Tennessee or State Farm 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.

At-fault accidents and tickets will most likely raise your rates, but is Farmers Mutual of Tennessee or State Farm less expensive for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Farmers Mutual of Tennessee car insurance policies don't report seeing their prices increase after getting a ticket, but State Farm policyholders can expect to see their monthly bill increase by.

But Farmers Mutual of Tennessee has cheaper rates for drivers in both categories. Drivers with a clean record can save around $48 a month with Farmers Mutual of Tennessee, and the same can be said for those with a ticket, too.

Which Company is Best for Drivers After an Accident?

Farmers Mutual of Tennessee policyholders who get in an accident can expect to see their premiums increase by 3%, while those who have insurance through State Farm will see about a 20% increase.

Overall, Farmers Mutual of Tennessee offers the cheapest prices for drivers with an at-fault accident on their records, with monthly rates averaging $89 compared to State Farm's $163.

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 auto insurance bill -- generally a lot more than a collision or speeding ticket. Farmers Mutual of Tennessee drivers usually see a 37% increase in their insurance prices after a DUI charge, while State Farm will normally raise premiums by around 25%.

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

You may not realized it, but your credit score can be used as one of the factors to calculate your monthly car insurance prices. Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for quite a few drivers.

The reasoning auto insurance carriers use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will typically be forced to pay more.

Looking at Farmers Mutual of Tennessee and State Farm specifically, which company has the best rates 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 State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly insurance payment. Generally, those who drive less will end up with less expensive 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 prices for State Farm, with drivers who put 6,000 miles on their car annually paying about $13 less each month compared to those who drive 12,000 miles every year. Still, Farmers Mutual of Tennessee is the more affordable option for drivers in both categories.

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

Where you park your vehicle can have a pretty big impact on your monthly auto insurance cost. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because there are a lot more cars on the road in those areas, which increases the chances of an accident.

When comparing these two companies side-by-side, Farmers Mutual of Tennessee typically comes out as the most affordable 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 Mutual of Tennessee comes out on top with average prices around $89 monthly. Farmers Mutual of Tennessee also has cheaper average premiums for drivers in urban and suburban ZIP codes -- a 38% and 41% per month respective difference when compared to State Farm policyholders in similar areas.

Farmers Mutual of Tennessee vs. State Farm Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many car 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 company that has the most discounts for your unique driver profile.

In the section below, we've taken a look at all of the different discounts Farmers Mutual of Tennessee and State Farm offer their customers so that you can find the one that has the most discounts and, therefore, the biggest savings.

State Farm blows Farmers Mutual of Tennessee away when it comes to the sheer amount of discounts available, offering 23 different discounts to Farmers Mutual of Tennessee's five.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and multi-policy discounts. State Farm also offers ABS discounts, annual mileage discounts, anti-theft 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 State Farm Best for You?

You've seen the role 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 carrier is the right company for you and your specific needs?

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

• You have a clean record.
• You're looking for more protection with "full coverage" car insurance.
• You are purchasing your auto insurance with a spouse.

State Farm 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 better idea of the difference between Farmers Mutual of Tennessee and State Farm and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just Farmers Mutual of Tennessee and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Farmers Mutual of Tennessee vs. State Farm FAQs

Is Farmers Mutual of Tennessee or State Farm cheaper?

Looking just at the national average rates, Farmers Mutual of Tennessee is the less expensive of the two carriers, offering average rates of $100 a month compared to $158 for State Farm. That being said, Farmers Mutual of Tennessee won't necessarily be the cheapest carrier for each policyholder, since there are a variety of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Farmers Mutual of Tennessee or State Farm?

Unfortunately, the only answer we can give you is "it depends.". No one company is "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Farmers Mutual of Tennessee offers cheaper prices for drivers with a recent DUI, while State Farm is more affordable for drivers with excellent credit.

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

Auto insurance companies take a look at lots of different variables when calculating the rates they charge drivers. Things like age, where your home is, gender, your driving record, and sometimes even things like your credit score can all be used. Both Farmers Mutual of Tennessee and State Farm calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from lots of different carriers.

How do I know if Farmers Mutual of Tennessee or State Farm 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 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 area information 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 cheapest premium. And who knows, the best carrier for you might not be Farmers Mutual of Tennessee or State Farm 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.