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

Quick Facts

• In general, MMG offers significantly more affordable premiums than State Farm
• MMG offers cheaper average rates for policyholders whose driving record contains an at-fault collision
• State Farm may help you save more money -- they offer more discounts than MMG Insurance

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

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to MMG or State Farm as your top options, but which carrier has less expensive premiums for car insurance?

Looking at nationwide averages, State Farm is quite a bit more expensive than MMG, with rates averaging $158 a month compared to just $118 with MMG.

But that doesn't necessarily mean MMG will be the cheaper option for every single driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your driving record, or even your age (among other things). So, at the end of the day, prices from each company will differ quite a bit from person to person.

Luckily, we've broken down average rates from both MMG and State Farm by many different rate factors, so read on to find out which carrier is the best for you.

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

MMG and State Farm only compete against each other in two states, with State Farm offering less expensive prices to the average driver in all of them. New Hampshire has the most noticable difference, where State Farm premiums are $37 more affordable than car insurance rates at MMG.

That being said, there are plenty of other factors that go into your auto insurance bill than just where you live. 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 -- generally pay a lot for insurance compared to older drivers. It's usually because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

That being said, that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use MMG save 30% per month compared to those who use State Farm.

However, with both companies, you'll see your prices decrease significantly by the time drivers turn 25. For example, average premiums for MMG policyholders lower over 50% and State Farm's prices drop 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 insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

When looking at MMG and State Farm specifically, which company is best for retired drivers? MMG gets the edge, with prices for drivers 65 and older $28 cheaper than the national average for State Farm.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly less expensive insurance rates than single policyholders. This usually boils down to married couples having multiple vehicles on their policy -- something many car insurance carriers will reward with discounts.

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

MMG or State Farm: Average Rates by Gender

You may not know, but men typically pay more for auto insurance than women do. That's because men are more likely to get tickets and get into collisions, which increases the chances of filing a claim with insurance.

Usually, women see premiums around $15 per month more affordable with MMG, but with State Farm, the difference is closer to $12 a month.

Looking at the data for each carrier specifically, MMG comes out on top for both men and women. On average, women save about $42 per month and men save about $37 with MMG compared to the average State Farm policyholder.

MMG 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.

It's no secret that insurance can be pretty complicated. There are a variety of different coverages that account for a bunch of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

Even so, most policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability coverage).

Looking specifically at state minimum limits for liability insurance, MMG has the edge, with average monthly prices coming in at $77. If you want a full coverage policy with the same state minimum limits, MMG again has the edge, with policies averaging around $160 a month to State Farm's $216.

Is MMG 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.

It's no secret secret that speeding tickets and at-fault collisions lead to higher premiums, but which company -- MMG or State Farm -- has the cheapest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use MMG for their car insurance can usually expect their monthly bill to go up about 19% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of around 14%.

That being said, MMG is typically the less expensive option for both drivers who have a recent ticket and those with clean records. With MMG Insurance, drivers with a clean record can save about $44 per month and drivers with a speeding ticket can save around $44 a month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through MMG can expect to see about an $32 -- or around 26% -- rise in their insurance rates. Drivers who use State Farm for their car insurance will see a monthly bill about $29 (or 18%) more expensive after reporting a collision to their insurance carrier.

At the end of the day, MMG offers the lowest prices for drivers with an at-fault accident on their records, with average rates coming in at $122 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. For example, MMG increases average premiums by more than $60 per month -- that's more than a 40% increase.

How does Credit Score Impact MMG and State Farm Rates?

You may not have known, but your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an insurance factor) but it will come into play for lots of drivers.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at MMG and State Farm, which one has the best 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 MMG or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly insurance cost. Generally, those who drive less will end up with cheaper premiums since there's less of a chance of causing an accident 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 MMG 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, MMG is the more affordable company.

MMG or 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 auto insurance, but the type of area you live in can have a substantial impact as well. Normally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of vehicles that are on the roads where they live.

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

Those in rural areas can expect to save about $23 with MMG compared to State Farm. People who live in suburban areas pay around $30 less with MMG compared to State Farm. For drivers in urban ZIP codes, MMG Insurance's average prices are about $65 less than State Farm.

MMG vs. State Farm Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many car insurance discounts as possible.

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.

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

State Farm blows MMG away when it comes to the sheer amount of discounts available, offering 16 more discounts than MMG.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and renewal discounts. State Farm also offers discounts for ABS, annual mileage, anti-theft, and more.

On the other hand, MMG has a few proprietary discounts of their own like ez-pay credit discounts and new business discounts.

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

So, you've seen how different factors can affect your auto 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 insurance company is the right fit for you?

MMG might be best for you if....

• You've received a ticket for speeding recently and don't want to see your prices rise.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing car insurance for a teenager.

State Farm might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies in.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare MMG and State Farm. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of carriers, not just MMG 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.

MMG vs. State Farm FAQs

Is MMG or State Farm cheaper?

MMG is the less expensive of the two carriers when looking at national average premiums, with policies averaging $118 a month with MMG and $158 for State Farm. But that doesn't mean MMG will be the lowest carrier for every policyholder, since there are a range of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, MMG or State Farm?

Unfortunately, the only answer we can give you is "it depends.". No one company is necessarily "better" for each policyholder -- it all depends on the makeup of your unique auto insurance profile.

Why do MMG and State Farm offer me different rates?

Car insurance companies use a lot of different factors when determining the rates they charge. Things such as gender, your driving record, where your home is, age, and sometimes even things like your credit score can all be taken into consideration. Both MMG and State Farm use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if MMG 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 multiple 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 quotes from dozens of your local top auto insurance carriers for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't MMG 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.