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

Quick Facts

• Based on national averages for insurance, State Farm offers significantly more affordable premiums than Trexis
• State Farm offers more affordable prices for couples purchasing auto insurance together
• Trexis offers more affordable rates for residents in Alabama and Arkansas

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

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You might have narrowed it down to State Farm or Trexis for your next policy, but which one will offer you less expensive premiums?

As you can see, Trexis is quite a bit more expensive than State Farm, with prices averaging $220 per month compared to just $158 with State Farm when looking at the national average rates for insurance.

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

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

State Farm or Trexis: Average Car Insurance Rates by State

State Farm and Trexis only compete against each other in two states, with State Farm offering less expensive prices to the average driver in all of them. If you live in Alabama, State Farm is the more affordable of the two carriers when looking at the overall average rates. Trexis is the cheaper option in Arkansas.

There are plenty of other factors that go into your insurance bill than just the state you live in. Continue reading to see how other factors 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. It's typically because young, inexperienced 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 car insurance premiums. As you can see above, teens who use State Farm save nearly $150 a month compared to those who use Trexis. It's worth noting that State Farm offers insurance in 51 different states compared to Trexis's two, which can skew the average prices a bit, but the difference here is still considerable.

That being said, both companies will drop premiums by the time you turn 25. For example, average rates for State Farm policyholders decrease almost 60% and Trexis's premiums lower nearly 65% over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates you can find.

So, which carrier offers the best prices to retired drivers? State Farm gets the edge, with premiums for drivers 65 and older $60 less expensive than the national average for Trexis.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance rates than married couples. That's generally because married drivers tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, State Farm is the clear winner for those who are single, with prices about $80 per month cheaper than Trexis, on average. For married policyholders, the advantage is clear again - State Farm has the edge when it comes to average rates.

State Farm vs. Trexis: Average Rates by Gender

Because men are more likely to get speeding tickets and get into collisions, they have an increased chance of filing a claim with insurance. Therefore, insurance carriers will often charge men more than women.

Men normally pay more than $10 a month more than women with State Farm, and around $20 with Trexis.

Looking at overall affordability, State Farm comes out as the cheapest option for both genders. On average, women save about $58 per month and men save about $66 with State Farm compared to the average Trexis policyholder.

State Farm or Trexis: 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 a complicated subject for most people. There are lots of different coverages that account for a variety of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

But the 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 a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability).

If you're looking for state minimum liability limits, State Farm generally offers slightly more affordable premiums of $99 compared to Trexis's $108. When it comes to full coverage policies with similar limits, State Farm again has the edge, with policies around $100 a month less expensive than Trexis, on average.

Is State Farm or Trexis Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and accidents on your record, but which of these two companies offers the lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

State Farm policyholders can expect their premiums to go up an average of $21 per month if they get a ticket, while Trexis usually raises rates about $43 a month, on average.

However, State Farm has cheaper prices for drivers in both categories, offering rates that are 26% and 31% more affordable, respectively, compared to Trexis Insurance.

Which Company is Best for Drivers After an Accident?

Both carriers will increase premiums pretty significantly if you get into an at-fault accident with Trexis increasing by $65. State Farm has a less extreme climb, but you can still expect to pay just under $30 more than you were prior to your first collision.

Overall, drivers who use State Farm end up with the cheaper prices after an accident, with monthly prices averaging $163 compared to Trexis Insurance's $247.

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 speeding ticket or even an accident. For example, State Farm increases average premiums by $45 per month -- that's over a 25% increase.

State Farm has the overall most affordable prices for drivers with a DUI on their records at $179 monthly, but it's worth noting that State Farm's average rates come from 51 states compared to just two for Trexis, so the data may be skewed slightly.

How does Credit Score Impact State Farm and Trexis Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly auto insurance rates. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for a lot of drivers.

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

Looking at State Farm and Trexis specifically, which carrier has the cheapest prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with State Farm. Drivers with "excellent" credit can save just under 60% compared to Trexis, and those with "good" scores can also expect to see savings -- around $111 or 51% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best premiums. Drivers with "fair" credit pay about $73 less with State Farm than Trexis, but those whose credit is considered "poor" have it flipped -- saving around $51 a month with Trexis.

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

Did you know that the amount of time you spend in your car have a big impact on how much car insurance carriers will charge for coverage? Normally, the more miles you put on your car, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Trexis charges. However, there's a small difference in monthly rates for State Farm, with drivers who put 6,000 miles on their vehicle yearly paying about $13 less each month compared to those who drive 12,000 miles annually. Still, State Farm is the cheaper option for drivers in both categories.

State Farm vs. Trexis: 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. Typically, those who live in urban areas will pay more than policyholders in rural areas because of the number of vehicles that are on the roads in those areas.

State Farm tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest prices from both companies, but State Farm comes out on top with average rates around $127 per month. State Farm also has more affordable average premiums for policyholders in urban and suburban ZIP codes -- a 31% and 28% per month respective difference when compared to Trexis drivers in similar areas.

State Farm vs. Trexis Discounts

Regardless of why you might be in the market for a new 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 car insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you're eligible for.

In the section below, we've compared all of the different discounts offered by State Farm and Trexis so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

State Farm blows Trexis away when it comes to the sheer amount of discounts available, offering 23 different discounts to Trexis's 16.

A couple of those are overlapping for things like discounts for getting driver training, discounts for being a homeowner, and discounts for insuring multiple cars with the same company. State Farm also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Trexis does not.

On the flip side, Trexis has a couple unique discounts of its own -- advance quote discounts, agency transfer discounts, education discounts, and more.

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

So, you've seen how different factors can affect your auto insurance prices. We've shown you all the discounts each carrier offers, too. But, at the end of the day, which insurance company is the right company for you, your vehicle, and your wallet?

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

• You have a DUI charge on your record.
• Your home is in a busy urban area.
• You have a short drive to work everyday.

Trexis might be best for you if...

• You live in one of the following states: Alabama and Arkansas.

We hope this guide helps you get a better idea of the difference between State Farm and Trexis. 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 auto insurance policy is to compare quotes from multiple carriers, not just State Farm and Trexis. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best car insurance companies in your area, all for free.

State Farm vs. Trexis FAQs

Is State Farm or Trexis cheaper?

Looking just at the national average rates, State Farm is the less expensive of the two carriers, offering average rates of $158 a month compared to $220 for Trexis. But State Farm won't necessarily be the lowest carrier for every policyholder, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, State Farm or Trexis?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all comes down to what your unique auto insurance profile looks like. For example, State Farm offers cheaper premiums for policyholders with an at-fault accident on their record, while Trexis is more affordable for drivers who have less-than-stellar credit scores.

Why do State Farm and Trexis offer me different rates?

Car insurance companies take a look at several different factors when calculating the prices they charge drivers. Things like your driving record, where you call home, age, gender, and sometimes even things like your credit score can all be used. Both State Farm and Trexis calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from several different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from several 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 auto insurance carriers in your area. With those, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be State Farm or Trexis 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.