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

Quick Facts

• Based on national averages for car insurance, Grinnell Mutual offers significantly less expensive prices than State Farm
• Grinnell Mutual offers more affordable rates for policyholders who drive fewer than 6,000 miles yearly
• State Farm may help you save more money -- they offer more discounts than Grinnell Mutual

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

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Grinnell Mutual or State Farm as your top options, but which one will save you the most?

Looking at the national average rates for both carriers, Grinnell Mutual is quite a bit cheaper than State Farm, with prices averaging $115 a month compared to $158 with State Farm.

However, that doesn't necessarily mean Grinnell Mutual will be the more affordable option for each driver. Insurance companies use all sorts of complex algorithms to determine premiums, so depending on how good your credit score is or how clean your driving record is (among lots of other factors), you could see wildly different rates from the ones above.

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

Grinnell Mutual vs. State Farm: Average Car Insurance Rates by State

Grinnell Mutual and State Farm only compete against each other in North Dakota, where State Farm offers the cheaper average rates. State Farm drivers tend to pay about $16 per month less on average compared to drivers who use Grinnell Mutual for their auto insurance.

That being said, there are plenty of other factors that go into your car insurance cost than just your home state. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

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

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance premiums. As you can see above, teens who use Grinnell Mutual save almost 35% a month compared to those who use State Farm.

That being said, both carriers will drop prices by the time drivers turn 25. For example, average rates for Grinnell Mutual policyholders reduce nearly 50% and State Farm's premiums lower almost 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable car insurance prices you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

But who has the best rates for retired drivers between Grinnell Mutual and State Farm? Grinnell Mutual gets the edge, with prices for drivers 65 and older $31 cheaper than the national average for State Farm.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance rates tend to be more affordable for married policyholders than they are for single policyholders. That's typically because married drivers tend to own and insure several vehicles, which can often earn you a discount.

For single drivers, the difference in average premiums between these two companies is significant, with Grinnell Mutual prices coming in at a quarter less than State Farm's. The advantage for married couples with Grinnell Mutual is also obvious, where drivers save nearly 25% per month.

Grinnell Mutual or State Farm: Average Rates by Gender

Men normally pay more for car insurance than women. That's because women are less likely to get into collisions and get tickets, which decreases the chances of filing a claim with insurance.

Typically, men see premiums around 5% a month higher with Grinnell Mutual, and about 7% with State Farm.

Looking at the data for each carrier specifically, Grinnell Mutual comes out as the cheapest option for both genders, with average rates 28% less for men and 26% cheaper for women.

Grinnell Mutual 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 auto insurance, but there are so many different terms and limits 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 (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum limits for liability insurance, Grinnell Mutual has the significant edge, with average monthly premiums coming in at $47. If you want a full coverage policy with the same state minimum limits, Grinnell Mutual again has the edge, with policies averaging around $183 per month to State Farm's $216.

Is Grinnell Mutual 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 car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Collisions and speeding tickets will most likely raise your prices, but is Grinnell Mutual or State Farm less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Grinnell Mutual insurance policies don't report seeing their rates increase after getting a ticket, but State Farm policyholders can expect to see their monthly bill increase by.

But Grinnell Mutual tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering premiums that are 14% and 26% cheaper, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Grinnell Mutual drivers who get in an accident can expect to see their prices rise by 0%, while those who have insurance through State Farm will see about a 20% increase.

At the end of the day, Grinnell Mutual offers the lowest rates for drivers with an at-fault collision on their records, with average prices coming in at $115 compared to State Farm's $163.

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 a collision. For example, State Farm increases average premiums by $45 a month -- that's more than a 25% increase.

How does Credit Score Impact Grinnell Mutual and State Farm Rates?

Did you know many car insurance carriers take into account your credit score when determining rates? This isn't true for everyone (for example, Massachusetts and California are two states that ban the practice entirely), but it will come into play for lots of policyholders.

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

Looking at Grinnell Mutual and State Farm specifically, which company has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Grinnell Mutual or State Farm 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. That's because the fewer miles you put on your car each year, the less likely you are to be in an accident and file an insurance claim.

For both remote workers and those taking short commutes, Grinnell Mutual offers less expensive rates than State Farm. Grinnell Mutual's average premiums for drivers with 6,000 annual miles come in around $43 cheaper than State Farm. Those who drive 12,000 miles every year can expect to pay about $42 less with Grinnell Mutual over State Farm.

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

Where you live can play a considerable role in how much you pay for car insurance. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

Grinnell Mutual tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Grinnell Mutual's average prices are around 40% less than State Farm. People who live in suburban areas pay about 29% less with Grinnell Mutual compared to State Farm. Those in rural areas can expect to save around 6% with Grinnell Mutual compared to State Farm.

Grinnell Mutual vs. State Farm Discounts

No matter why you might be in the market for a new auto 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 utilizing as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Grinnell Mutual and State Farm so that you can see which carrier can save you the most money each month.

State Farm blows Grinnell Mutual away when it comes to the sheer amount of discounts available, offering 23 different discounts to Grinnell Mutual's 12.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts. State Farm also offers discounts for annual mileage, distant student, drive safe & save, and more.

On the other hand, Grinnell Mutual has a few proprietary discounts of their own for things like EFT discounts, excess vehicle discounts, new business discounts, and more.

Final Thoughts: Is Grinnell Mutual or State Farm Best for You?

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance carrier is the right one for you, your vehicle, and your wallet?

Grinnell Mutual might be best for you if....

• You want to save money on your car insurance after a collision.
• Your home is in a busy urban area.
• You're of retirement age and want to take advantage of lower premiums.

State Farm might be best for you if...

• You are considering moving to another state -- undefined only offers policies to residents.
• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Grinnell Mutual and State Farm. We also hope we've given you the information you need to make the best decision about your 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 car insurance -- comparing quotes from multiple carriers, not just Grinnell Mutual and State Farm. Luckily, sites like Compare.com do all the hard work for you. 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.

Grinnell Mutual vs. State Farm FAQs

Is Grinnell Mutual or State Farm cheaper?

Grinnell Mutual is the less expensive of the two carriers when looking at national average rates, with policies averaging $115 per month with Grinnell Mutual and $158 for State Farm. That being said, that doesn't mean Grinnell Mutual will be the lowest carrier for each policyholder, since there are a range of different variables that are considered when it comes to your insurance bill.

Who is better, Grinnell Mutual or State Farm?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Grinnell Mutual and State Farm offer me different rates?

Car insurance companies use quite a few different factors when calculating the prices they charge. Variables like gender, where you park your car, age, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Grinnell Mutual and State Farm use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the auto 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 make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Grinnell Mutual 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.