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

Quick Facts

• Looking at the national averages for insurance, Ohio Mutual offers slightly more affordable prices than State Farm
• Ohio Mutual offers more affordable rates for residents of urban areas
• State Farm has cheaper premiums for policyholders who may not have much of a commute

Ohio Mutual vs. State Farm: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Ohio Mutual or State Farm as potential options, but which carrier will save you the most?

Looking at nationwide averages, Ohio Mutual is about $6 per month less expensive than State Farm.

Even so, Ohio Mutual may not be the lowest or best option for each driver out there. After all, auto insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, where you call home, your driving record, or even your age (among other things), so rates could change drastically from person to person.

Luckily, we've broken down average prices from both Ohio Mutual and State Farm by a variety of different rate factors, so read on to find out which carrier is the best for you.

Ohio Mutual or State Farm: Average Car Insurance Rates by State

Ohio Mutual and State Farm only compete against each other in Ohio, where State Farm offers the cheaper average premiums. For Ohio residents, State Farm offers insurance for $76 monthly on average. Ohio Mutual's average prices come out to be over 70% more expensive, at $152 a month.

There are plenty of other factors that go into your car insurance payment than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group on the road. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Ohio Mutual save more than $60 a month compared to those who use State Farm.

That being said, with both carriers, you'll see your rates drop significantly by the time you turn 25. For example, average premiums for Ohio Mutual policyholders reduce around 50% and State Farm's rates lower nearly 60% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the cheapest insurance prices 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 premiums.

But who has the best prices for retired drivers between Ohio Mutual and State Farm? State Farm gets the slight edge here, with average rates coming in at about $111 per month compared to Ohio Mutual's $114. However, the difference is only around 5%, so other factors (such as your driving record or where you live) will likely come into play when determining which company has the most affordable prices for you.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are generally more expensive for those who are single than they are for married policyholders? That's normally because married drivers tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Ohio Mutual is the winner for single policyholders, with premiums about $11 per month more affordable than State Farm, on average.

Ohio Mutual vs. State Farm: Average Rates by Gender

You may not know, but insurance is generally cheaper for women than it is for men. This is because men are statistically more likely than women to get into collisions and file an insurance claim, which leads to increased risk for insurers and, therefore, higher prices.

Men typically pay almost $10 a month more than women with Ohio Mutual, and around $12 more with State Farm.

Looking at the data for each carrier specifically, Ohio Mutual offers the lowest average premiums for both men and women, with average rates $8 less for men and $4 cheaper for women.

Ohio Mutual or 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, car insurance isn't the easiest topic to understand. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

But most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages in addition to what you get with liability coverage).

In this case, Ohio Mutual offers the most affordable average prices for state minimum liability insurance, while State Farm has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $25 with Ohio Mutual Insurance Company, while full coverage comes out to be about $15 less expensive with State Farm.

Is Ohio Mutual or State Farm Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that accidents and tickets lead to higher rates, but which company -- Ohio Mutual or State Farm -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Ohio Mutual policyholders can expect their rates to go up an average of $21 per month if they get a ticket, while State Farm typically raises prices around $21 a month, on average.

However, Ohio Mutual tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save about $50 per month and drivers with a ticket can save around $50 a month with Ohio Mutual Insurance Company.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Ohio Mutual can expect to see about an $41 -- or around 33% -- increase in their auto insurance premiums. Drivers who use State Farm for their insurance will see a monthly bill about $29 (or 18%) more expensive after reporting a collision to their auto insurance carrier.

Overall, drivers who use Ohio Mutual end up with the cheaper prices after an accident, with monthly prices averaging $125 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 accident or speeding ticket when it comes to your car insurance bill. On average, Ohio Mutual will raise your rates around 71% after a DUI, while State Farm's average premiums climb by over 25%.

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

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

Auto insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

Looking at Ohio Mutual and State Farm specifically, which company has the best rates 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 Ohio 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 car insurance carriers will charge for coverage. That's because the more miles you put on your vehicle each year, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Ohio Mutual charges. However, there's a small difference in monthly premiums for State Farm, with policyholders who drive 6,000 miles yearly paying about $13 less every month compared to those who drive 12,000 miles annually.

Ohio Mutual vs. State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can play a large role in how much you pay for auto insurance. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because there are a lot more vehicles on the road in those areas, which increases the chances of an accident.

Ohio Mutual boasts the most affordable average prices in urban and suburban areas, while State Farm wins in rural areas.

If you live in a rural area, you can expect to save around $20 with State Farm compared to Ohio Mutual. Drivers in suburban ZIP codes pay about $8 less with Ohio Mutual compared to State Farm. In urban areas, Ohio Mutual Insurance Company's average premiums are around $30 less than State Farm.

Ohio Mutual vs. State Farm Discounts

Regardless of why you might be in the market for a new car insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many insurance discounts as you can.

The difficult part is finding all of the discounts you qualify for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

In the table below, we've broken down all of the different discounts offered by both Ohio Mutual and State Farm so that you can find the one that has the most discounts and, therefore, the biggest savings.

State Farm knocks Ohio Mutual out of the park when it comes to the sheer number of discounts available, offering six more discounts than Ohio Mutual.

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

On the flip side, Ohio Mutual has a couple unique discounts of its own -- advance quote discounts, attentive driver discounts, continuous insurance discounts, and more.

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

You've seen the role certain variables have on your auto insurance and the different discounts companies offer. But, at the end of the day, is Ohio Mutual or State Farm the best carrier for you and your specific profile and needs?

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

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" insurance.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

State Farm might be best for you if...

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You live in an urban area.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

We hope this guide helps you get a good idea of the differences between Ohio Mutual and State Farm. We also hope we've given you the information you need to make the best decision when it comes to 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 a handful of carriers, not just Ohio Mutual and State Farm. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

Ohio Mutual vs. State Farm FAQs

Is Ohio Mutual or State Farm cheaper?

Looking just at the national average prices, Ohio Mutual is the cheaper of the two carriers, offering average rates of $152 per month compared to $158 for State Farm. Even so, Ohio Mutual won't necessarily be the cheapest company for each policyholder, since there are many different factors that are considered when it comes to your car insurance cost.

Who is better, Ohio Mutual or State Farm?

Unfortunately, the only answer we can give you is "it depends.". Neither carrier is necessarily "better" for every driver -- it all depends on what your unique insurance profile looks like. For example, Ohio Mutual offers less expensive rates for single drivers, while State Farm is cheaper for drivers who have already retired.

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

Auto insurance companies take a look at a lot of different variables when determining the premiums they charge policyholders. Factors like your driving record, age, where your home is, gender, and sometimes even things like your credit score can all be taken into consideration. Both Ohio Mutual and State Farm use different formulas, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Ohio Mutual 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 multiple 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 free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Ohio Mutual 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.