Main Street America vs. State Farm: Which Company is the Best Fit for You?

Want to know if Main Street America or State Farm is the better choice for auto insurance? You're probably wondering which company offers the best rates or the most discounts. Check out our latest guide below to find out which of these two companies is the best for you.
Newly insured car driving down the road
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Quick Facts

  • In general, State Farm offers significantly less expensive prices than Main Street America
  • State Farm offers more affordable premiums for people who are single and purchasing car insurance by yourself
  • State Farm has more affordable prices for drivers with a DUI charge on their record


Main Street America vs. State Farm: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering large discounts. But exactly how much can you save by switching?

You might be considering Main Street America or State Farm, but between the two, which one will save you the most?

Main Street America State Farm
$227$158

Looking at the national average rates for both companies, Main Street America is quite a bit more expensive than State Farm, with rates averaging $227 per month compared to just $158 with State Farm.

However, that doesn't mean State Farm will necessarily be less expensive than Main Street America for every driver. Insurance carriers vary their premiums 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 variety of other factors, so prices will change quite a bit from person to person.

So, if you want to find out which of Main Street America or State Farm is really the best for you, keep reading to see average rates for each carrier broken down by multiple different rate factors.

Main Street America or State Farm: Average Car Insurance Rates by State

State Main Street America State Farm
NY$347$393
RI$241$82
SC$177$119
VA$222$95
VT$150$80

Main Street America and State Farm compete against each other in five states, with Main Street America offering cheaper premiums to the average driver in all of them. Rhode Island has the most noticable difference, where State Farm rates are over 70% more affordable than car insurance prices at Main Street America.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how auto insurance companies calculate your premiums. Continue reading to learn more about how other factors will affect your rates.


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Which is the Best Company For Young Drivers?

Main Street America State Farm
18-year-old drivers$477$353
25-year-old drivers$219$142

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers 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.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. As you can see above, teens who use State Farm save more than $100 a month compared to those who use Main Street America.

Even so, with both carriers, you'll see your rates reduce significantly by the time drivers turn 25. State Farm offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Main Street America's average premiums lower nearly 55% during that same period.

Which is the Best Company for Retired Drivers?

Main Street America State Farm
65+-year-old drivers$181$111

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

When looking at Main Street America and State Farm specifically, which company is best for retired drivers? State Farm gets the edge here, with average premiums coming in at about $111 monthly compared to Main Street America's $181.

Which is the Best Company for Married Drivers?

Main Street America State Farm
Single$265$183
Married$177$124

You may not be aware, but car insurance prices tend to be more expensive for single drivers than they are for married drivers. This usually boils down to married policyholders having more than one car on their policy -- something lots of insurance companies will reward with discounts.

When it comes to relationship status, State Farm is the clear winner for single policyholders, with rates around $82 per month less expensive than Main Street America, on average. For married couples, the advantage is clear again - State Farm has the edge when it comes to average premiums.

Main Street America vs. State Farm: Average Rates by Gender

Main Street America State Farm
Male$224$164
Female$230$152

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll usually end up paying more for auto insurance than women.

Surprisingly, men typically pay about $6 a month less than women with Main Street America, and over $10 with State Farm.

When it comes to the cheapest rates for each gender, State Farm comes out on top for both men and women, with average prices $60 less for men and $78 cheaper for women.


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Main Street America or State Farm: Compare State Minimum vs. Full Coverage Rates

Main Street America State Farm
State Minimum*$159$99
Full Coverage**$295$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.

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

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum liability limits, State Farm usually offers significantly cheaper rates of $99 compared to Main Street America's $159. When it comes to full coverage policies with similar limits, State Farm again has the edge, with policies around $80 per month more affordable than Main Street America, on average.

Is Main Street America 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 auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and at-fault collisions will most likely raise your prices, but is Main Street America or State Farm cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Main Street America State Farm
Clean Record$175$134
1 Speeding Ticket$236$155

Main Street America policyholders can expect their premiums to go up an average of $61 a month if they get a ticket, while State Farm generally raises prices about $21 per month, on average.

But State Farm tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records -- their rates are around 23% less expensive for drivers with clean records and 34% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Main Street America State Farm
Clean Record$175$134
1 At-Fault Accident$215$163

After an accident, drivers who have their insurance through Main Street America can expect to see around an $40 -- or about 19% -- increase in their car insurance rates. Drivers who use State Farm for their auto insurance will see a monthly bill around $29 (or 18%) more expensive after reporting a collision to their insurance carrier.

Overall, State Farm offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly rates averaging $163 compared to Main Street America Insurance's $215.

Which Company is Best for Drivers with a DUI?

Main Street America State Farm
Clean Record$175$134
1 DUI$283$179

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- normally a lot more than an accident or ticket. For example, Main Street America increases average prices by over $100 a month -- that's just under a 40% increase.


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How does Credit Score Impact Main Street America and State Farm Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating premiums? This isn't always the case (Michigan, for example, has banned the use of credit score as a rating factor) but it does affect many drivers out there.

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

So, which company offers the cheapest rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Main Street America State Farm
Excellent Credit Score$109$80
Good Credit Score$137$105

Which Company is Best for Drivers with Bad Credit?

Main Street America State Farm
Fair Credit Score$179$148
Poor Credit Score$484$300

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Is Main Street America or State Farm Better for Drivers who Work from Home or Have Short Commutes?

Main Street America State Farm
6,000 Annual Miles$225$151
12,000 Annual Miles$229$164

Did you know that the amount of time you spend in your car have a big impact on your monthly prices? Typically, the more miles you put on your car each year, the more you can expect to pay for coverage.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, State Farm offers less expensive premiums than Main Street America. State Farm's average prices for drivers with 6,000 annual miles come in nearly 35% more affordable than Main Street America. Those who drive 12,000 miles annually can expect to pay just under 30% less with State Farm over Main Street America.

Main Street America vs. State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a large impact as well. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because of the number of vehicles that are on the roads in those areas.

Main Street America State Farm
Urban Areas$264$185
Suburban Areas$230$161
Rural Areas$188$127

State Farm tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest premiums from both carriers, but State Farm comes out on top with average prices about $127 per month. State Farm also has cheaper average rates for policyholders in urban and suburban ZIP codes -- a 30% and 30% per month respective difference when compared to Main Street America drivers in similar areas.

Main Street America 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 auto insurance discounts as you can.

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

In the section below, we've broken down all of the different discounts offered by both Main Street America and State Farm so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Main Street America State Farm
ABS Discount
Annual Mileage Discount 
Anti-Theft Discount
Defensive Driver Discount
Distant Student Discount
Drive Safe & Save Discount 
Driver Training Discount
DRL Discount
EFT Discount 
Farm Discount 
Good Driving Discount
Good Payer Discount 
Good Student Discount
Goverment Employee Discount 
Homeowner Discount 
Low Income Discount 
Mature Driver Discount
Military Discount 
Multi-Car Discount
Multi-Policy Discount

Overall, State Farm comes out ahead with 23 discounts to Main Street America's 18.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, discounts for getting driver training, and discounts for being a good student. State Farm also offers annual mileage discounts, drive safe & save discounts, farm discounts, and more that Main Street America does not.

On the flip side, Main Street America has a couple unique discounts of its own -- EFT discounts, good payer discounts, new business discounts, and more.


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Final Thoughts: Is Main Street America or State Farm Best for You?

You've seen the effect 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 best carrier for you and your specific driver profile?

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

  • You're single and purchasing auto insurance by yourself.
  • You care about discounts (State Farm offers the most).
  • You're buying car insurance for a teen and looking for a wallet-friendly option.


Main Street America might be best for you if...

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

We hope this guide has ben a valuable resource as you compare Main Street America and State Farm and that you can now make a more informed 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 car insurance -- comparing quotes from multiple carriers, not just Main Street America and State Farm. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.


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Main Street America vs. State Farm FAQs

Is Main Street America or State Farm cheaper?

Looking just at the national average premiums, State Farm is the more affordable of the two carriers, offering average rates of $158 a month compared to $227 for Main Street America. Even so, State Farm won't necessarily be the most affordable company for everyone, since there are several different factors that are considered when it comes to your auto insurance bill.

Who is better, Main Street America or State Farm?

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Main Street America and State Farm offer me different rates?

Car insurance companies take a look at a lot of different variables when determining the rates they charge policyholders. Things like age, where your home is, your driving record, gender, and sometimes even things like your credit score can all be taken into consideration. Both Main Street America and State Farm calculate prices differently, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from many different carriers.

How do I know if Main Street America or State Farm is right for me?

The only way to find the auto 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 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 car insurance carriers in your area. With those, you can guarantee you're getting the lowest price. And who knows, the best company for you might not be Main Street America 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.

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