Foremost vs. State Farm: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, State Farm offers significantly cheaper prices than Foremost
• State Farm offers more affordable premiums for policyholders who are looking to purchase insurance with a spouse
• State Farm tends to be a much less expensive option for policyholders whose driving record contains an at-fault collision

Foremost or State Farm: Which Company has the Cheapest Car Insurance?

Are you considering 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've maybe even narrowed your search down to Foremost or State Farm, but between the two, which carrier has more affordable rates for auto insurance?

As you can see, Foremost is quite a bit more expensive than State Farm, with premiums averaging $270 a month compared to just $158 with State Farm when looking at the national average rates for car insurance.

However, that doesn't mean State Farm will necessarily be less expensive than Foremost for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, where you call home, or even your age (among other things), so prices will change quite a bit from person to person.

Wanting to know if Foremost or State Farm is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Foremost vs. State Farm: Average Car Insurance Rates by State

Foremost and State Farm only compete against each other in three states, with Foremost offering cheaper prices to the average driver in all of them. Washington has the most noticable difference, where State Farm premiums are $91 more affordable than car insurance prices at Foremost.

But there's more to insurance than just where you live. As we mentioned above, there's a lot of things that go into how auto insurance companies determine your rates. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car insurance compared to older drivers. It's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use State Farm save over 40% per month compared to those who use Foremost.

But with both carriers, you'll see your rates lower significantly once you turn 25. For example, average premiums for Foremost policyholders reduce around $350 and State Farm's prices drop about $200 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance premiums out there. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for insurance.

But who has the best rates for retired drivers between Foremost and State Farm? State Farm gets the edge here, with average premiums coming in at around $111 a month compared to Foremost's $219.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be cheaper for married couples than they are for those who are single. This usually boils down to married policyholders having more than one vehicle on their policy -- something several insurance companies will reward with discounts.

For single policyholders, the difference in average rates between these two carriers is significant, with State Farm premiums coming in at about half of Foremost's. The advantage for married drivers with State Farm is also obvious, where drivers save more than $85 a month.

Foremost or State Farm: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim. That means when it comes to auto insurance men will normally end up paying a little more.

On average, men see prices around $4 per month higher with Foremost, and about $12 more with State Farm.

Looking at the data for each company specifically, State Farm comes out as the lowest option for both genders. On average, women save about $116 a month and men save around $108 with State Farm compared to the average Foremost policyholder.

Foremost vs. 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.

For most people, insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

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

Looking specifically at state minimum liability limits, State Farm has the significant edge, with average monthly rates coming in at $99. If you want a full coverage policy with the same state minimum limits, State Farm again has the edge, with policies averaging about $216 per month to Foremost's $366.

Is Foremost or State Farm 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 speeding tickets and accidents 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 Foremost for their car insurance can usually expect their monthly bill to go up around 22% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of about 14%.

Even so, State Farm tends to offer the best prices for drivers both with clean records and with a ticket. With State Farm, drivers with a clean record can save around $68 a month and drivers with a speeding ticket can save about $103 per month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault accident with Foremost raising by around 47%. State Farm has a less extreme raise, but you can still expect to pay nearly 20% more than you were prior to your first collision.

At the end of the day, State Farm offers the lowest rates for drivers with an at-fault accident on their records, with average prices coming in at $163 compared to Foremost Insurance Group's $381.

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 ticket or even an accident. State Farm drivers usually see a 25% climb in their auto insurance rates after a DUI charge, while Foremost will typically increase premiums by about 15%.

How does Credit Score Impact Foremost and State Farm Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly insurance rates. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it does affect lots of drivers out there.

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

So, which carrier offers the most affordable premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Foremost or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on your monthly insurance bill. Normally, those who drive fewer miles will end up with more affordable prices since there's less of a chance of causing a collision and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Foremost charges. However, there's a small difference in monthly premiums for State Farm, with drivers who put 6,000 miles on their car yearly paying around $13 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, State Farm is the less expensive company.

Foremost or State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a sizable role in how much you pay for car insurance. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

State Farm boasts the most affordable average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about $78 with State Farm compared to Foremost. People who live in suburban areas pay around $126 less with State Farm compared to Foremost. For drivers in urban ZIP codes, State Farm's average rates are about $133 less than Foremost Insurance Group.

Foremost vs. State Farm Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you can take advantage of 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 Foremost and State Farm so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

State Farm knocks Foremost out of the park when it comes to the sheer number of discounts available, offering 23 different discounts to Foremost's 23.

Both companies offer lots of the same discounts -- like anti-theft discounts, distant student discounts, and multi-policy discounts -- but State Farm also offers discounts for ABS, annual mileage, drive safe & save, and more.

On the other hand, Foremost has a few proprietary discounts of their own for things like advance quote discounts, EFT discounts, minor child discounts, and more.

Final Thoughts: Is Foremost or State Farm Best for You?

So, we've broken down the average prices for many of the factors auto insurance carriers look at, and walked through the different discounts each carrier offers, too. But, at the end of the day, which insurance company is the right one for you and your specific driver profile?

State Farm might be best for you if....

• You have a clean record.
• You're looking for the best premiums on liability only coverage.
• You live in a rural area.

Foremost might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide has ben a valuable resource as you compare Foremost and State Farm and that you can now make a more informed decision when it comes to 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 several companies, not just Foremost and State Farm. Luckily, Compare.com makes it easy for you to do just that. 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.

Foremost vs. State Farm FAQs

Is Foremost or State Farm cheaper?

State Farm is the more affordable of the two companies when looking at national average rates, with policies averaging $158 a month with State Farm and $270 for Foremost. That being said, that doesn't mean State Farm will be the cheapest carrier for everyone, since there are a bunch of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Foremost or State Farm?

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

Why do Foremost and State Farm offer me different rates?

Car insurance carriers use many different factors when determining the premiums they charge. Things such as where your home is, age, gender, where you call home, and sometimes even things like your credit score can all come into play. Both Foremost and State Farm use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from several different companies.

How do I know if Foremost or State Farm is right for me?

The only way to find the insurance company 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 area information and you'll get quotes from dozens of your local top car insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Foremost or State Farm 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.