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

You've probably seen ads offering big savings on car insurance, but are Imt or State Farm right for you? Which carrier offers the lowest premiums, or the most discounts? Read on to see how Imt and State Farm compare, and to find out which company is the best one for you, your vehicle, and your budget.
Newly insured car driving down the road
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Quick Facts

  • Looking at the national averages for insurance, Imt offers significantly cheaper prices than State Farm
  • Imt has more affordable rates for policyholders who live in suburban areas
  • State Farm may help you save more money -- they offer more discounts than IMT Insurance

Imt or State Farm: 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 large savings. But exactly how much can you save by switching?

You might have narrowed your search down to Imt or State Farm as your top options, but between the two, which company will offer you less expensive premiums?

Imt State Farm

Looking at the national average rates for both carriers, Imt is quite a bit cheaper than State Farm, with rates averaging $109 a month compared to $158 with State Farm.

But that doesn't necessarily mean Imt will be the cheaper option for every driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things), so prices could differ drastically from person to person.

Wanting to know if Imt 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.

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

State Imt State Farm

Imt and State Farm only compete against each other in three states, with State Farm offering more affordable premiums to the average driver in all of them. Nebraska has the most noticable difference, where Imt prices are $57 less expensive than insurance rates at State Farm.

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

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Which is the Best Company For Young Drivers?

Imt State Farm
18-year-old drivers$201$353
25-year-old drivers$108$142

Teen drivers will almost always have the most expensive auto insurance premiums of any group out there on the road. That's because teen 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. For example, 18-year-old drivers pay an average of over 45% less per month by choosing Imt over State Farm.

That being said, both carriers will offer you dramatically lower premiums by the time you turn 25. For example, average rates for Imt policyholders lower around $95 and State Farm's prices decrease about $200 over that time.

Which is the Best Company for Retired Drivers?

Imt State Farm
65+-year-old drivers$82$111

Drivers around retirement age normally enjoy some of the cheapest car insurance rates you can find. After all, they've likely been driving for quite some time, which typically decreases their chances of collisions and other infractions that can raise prices.

But who has the best premiums for retired drivers between Imt and State Farm? Imt gets the edge here, with average prices coming in at around $82 per month compared to State Farm's $111.

Which is the Best Company for Married Drivers?

Imt State Farm

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

For those who are single, the difference in average premiums between these two companies is significant, with Imt prices coming in at a third less than State Farm's. The advantage is also clear for married couples - Imt offers the most affordable average rates.

Imt or State Farm: Average Rates by Gender

Imt State Farm

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

With Imt, men typically pay more than $10 a month more than women, and about $10 with State Farm.

Looking at overall affordability, Imt comes out on top for both men and women. On average, women save about $49 per month and men save around $49 with Imt compared to the average State Farm policyholder.

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Imt vs. State Farm: Compare State Minimum vs. Full Coverage Rates

Imt State Farm
State Minimum*$58$99
Full Coverage**$160$216

*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 a complicated subject for most people. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Imt has the significant edge, with average monthly premiums coming in at $58. If you want a full coverage policy with the same state minimum limits, Imt again has the edge, with policies averaging about $160 a month to State Farm's $216.

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

At-fault accidents and speeding tickets will most likely raise your rates, but is Imt or State Farm more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Imt State Farm
Clean Record$76$134
1 Speeding Ticket$89$155

Policyholders who use Imt for their car insurance can generally expect their monthly bill to go up around 15% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of about 14%.

Even so, Imt is normally the cheaper option for both drivers who have clean records and those with a recent ticket -- their rates are around 43% less expensive for drivers with clean records and 43% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Imt State Farm
Clean Record$76$134
1 At-Fault Accident$134$163

Imt drivers who get in an accident can expect to see their premiums rise by just under 45%, while those who have insurance through State Farm will see around a 20% increase.

At the end of the day, drivers who use Imt end up with the cheaper prices after an accident, with average prices coming in at $134 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

Imt State Farm
Clean Record$76$134
1 DUI$135$179

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. Imt drivers usually see a 44% raise in their insurance premiums after a DUI charge, while State Farm will usually increase rates by about 25%.

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How does Credit Score Impact Imt and State Farm Rates?

Did you know many auto insurance carriers take your credit score into account when determining prices? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an auto insurance factor) but it does affect quite a few policyholders out there.

Car insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with less expensive premiums.

Looking at Imt and State Farm specifically, which one has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Imt State Farm
Excellent Credit Score$86$80
Good Credit Score$102$105

Which Company is Best for Drivers with Bad Credit?

Imt State Farm
Fair Credit Score$108$148
Poor Credit Score$140$300

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

Imt State Farm
6,000 Annual Miles$109$151
12,000 Annual Miles$109$164

Did you know that the amount of time you spend in your car have a considerable impact on your monthly insurance payment? That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Imt charges. However, there's a small difference in monthly rates for State Farm, with policyholders who drive the least paying around $13 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Imt is the more affordable company.

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

Where your home is can play a large role in how much you pay for car insurance. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

Imt State Farm
Urban Areas$136$185
Suburban Areas$100$161
Rural Areas$90$127

When comparing these two carriers side-by-side, Imt normally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $90 a month with Imt compared to State Farm's $127. People in suburban areas pay around $100 with Imt compared to State Farm's $161 monthly. In urban areas, Imt's average rates are about $136 while State Farm offers prices around $185.

Imt 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.

The hard part is finding all of the discounts you're eligible for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

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

Imt State Farm
ABS Discount 
Annual Mileage Discount 
Anti-Theft Discount 
Commercial Product Discount 
Defensive Driver Discount
Distant Student Discount
Drive Safe & Save Discount 
Driver Training Discount
DRL Discount 
Farm Discount 
Good Driving Discount 
Good Student Discount
Goverment Employee Discount 
Group Discount 
Homeowner Discount 
Low Income Discount 
Mature Driver Discount 
Military Discount 
Minor Child Discount 
Multi-Car Discount 

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

Both companies offer quite a few of the same discounts -- like discounts for being a defensive driver, discounts for getting driver training, and multi-policy discounts -- but State Farm also offers discounts for ABS, annual mileage, anti-theft, and more.

On the other hand, Imt has a few proprietary discounts of their own for things like commercial product discounts, group discounts, minor child discounts, and more.

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

So, you've seen how different variables can affect your car insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, which company is the best one for you and your specific needs?

Imt might be best for you if....

  • You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
  • You have less-than-stellar credit.
  • You live in a rural neighborhood.

State Farm might be best for you if...

  • You're planning on moving to another state soon -- undefined is only available in.
  • You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Imt and State Farm. We also hope we've given you the information you need to make the best decision when it comes to your auto 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 insurance -- comparing quotes from multiple carriers, not just Imt and State Farm. Luckily, sites like do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

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Imt vs. State Farm FAQs

Is Imt or State Farm cheaper?

Imt is the less expensive of the two carriers when looking at national average premiums, with policies averaging $109 per month with Imt and $158 for State Farm. However, that doesn't mean Imt will be the cheapest company for everyone, since there are a range of different factors that come into play when it comes to your auto insurance cost.

Who is better, Imt or State Farm?

Sadly, the answer truly is "it depends.". No single carrier is necessarily "better" for everyone -- it all boils down to your unique car insurance profile. For example, State Farm is cheaper for drivers with excellent credit, while Imt offers more affordable prices for drivers with a recent DUI.

Why do Imt and State Farm offer me different rates?

Auto insurance companies use lots of different variables when calculating the rates they charge. Factors such as your driving record, age, gender, where you call home, and sometimes even things like your credit score can all be used. Both Imt and State Farm calculate premiums using different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the insurance carrier 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 make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the cheapest price. And maybe you'll find that the best company for you isn't Imt or State Farm at all, but another you hadn't even thought of!


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.

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