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

Quick Facts

• In general, State Farm offers significantly cheaper premiums than UAIC
• State Farm tends to be a much more affordable option for residents of suburban areas
• UAIC has less expensive prices in FL

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

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You might be considering State Farm or UAIC as your top options, but which company has cheaper premiums for car insurance?

Looking at the national average rates for both carriers, UAIC has average rates that are around 55% a month more expensive than those from State Farm.

Even so, that doesn't mean State Farm will necessarily be less expensive than UAIC for each driver. Auto insurance companies vary their prices depending on things like how clean your driving record is, how good your credit score is, how old you are, where you live, and tons of other factors. So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

Luckily, we've broken down average prices from both State Farm and UAIC by several different rate factors, so read on to find out which company is the best for you.

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

State Farm and UAIC only compete against each other in Florida, where State Farm offers the cheaper average rates. State Farm drivers tend to pay about $137 per month less on average compared to drivers who use UAIC for their insurance.

But there's more to calculating auto insurance premiums than just where you live. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers. Generally, that's because teen 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 auto insurance prices. Just look at the table above -- where 18-year-old drivers who have State Farm for their car insurance pay over 45% less than those who use UAIC. It's worth noting that State Farm offers insurance in 51 different states compared to UAIC's one, which can skew the average premiums a bit, but the difference here is still considerable.

But both carriers will offer you dramatically lower prices by the time drivers turn 25. UAIC offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, State Farm still has the cheapest rates at $142 per month.

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 lowest premiums out there.

When looking at State Farm and UAIC specifically, which carrier is best for retired drivers? State Farm gets the edge here, with average prices coming in at about $111 a month compared to UAIC's $266.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more expensive for those who are single than they are for married couples. That's because policies for married drivers normally cover more than one vehicle, which several companies will give you a discount for.

For single policyholders, the difference in average rates between these two carriers is significant, with State Farm premiums coming in at around half of UAIC's. The advantage is also clear for married policyholders - State Farm offers the most affordable average rates.

State Farm or UAIC: Average Rates by Gender

Women typically to pay less for insurance than men. This is because men are statistically more likely than women to get into collisions and get speeding tickets, which leads to increased risk for insurers and, therefore, higher prices.

Normally, men see rates about 7% a month higher with State Farm, and around 1% more with UAIC.

Looking at the data for each company specifically, State Farm offers the lowest average premiums for both men and women, with average prices 52% less for men and 55% cheaper for women.

State Farm vs. UAIC: 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 car insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum liability limits, State Farm has the significant edge, with average monthly rates coming in at $99. If you want a full coverage policy with the same state minimum limits, State Farm again has the edge, with policies averaging about $216 per month to UAIC's $398.

Is State Farm or UAIC 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.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use State Farm for their car insurance can usually expect their monthly bill to go up around 14% after getting a speeding ticket. UAIC policyholders can expect a bit more drastic of an increase of about 22%.

However, State Farm is generally the more affordable option for both drivers who have clean records and those with a recent ticket -- their rates are around 47% cheaper for drivers with clean records and 52% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

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

At the end of the day, the less expensive rates come from State Farm, with average prices coming in at $163 compared to UAIC's $326.

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 a collision. UAIC drivers usually see a 43% increase in their insurance premiums after a DUI charge, while State Farm will typically raise rates by about 25%.

State Farm has the overall lowest premiums 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 one for UAIC, so the data may be skewed slightly.

How does Credit Score Impact State Farm and UAIC Rates?

Did you know many auto insurance carriers take into account your credit score when determining prices? This isn't true for everyone (for example, Michigan and California are two states that ban the practice entirely), but it might come into play for a lot of policyholders.

The reasoning car insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with more affordable premiums.

So, which carrier offers the best prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, State Farm will normally reward you the most. For drivers with "excellent" credit scores, State Farm comes in more than 76.26 less expensive. Drivers with "good" credit scores typically save around 69% with State Farm compared to average rates from UAIC.

Which Company is Best for Drivers with Bad Credit?

State Farm typically offers lower prices than UAIC when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 56% a month less with State Farm compared to UAIC, and those with "poor" scores usually save an average of around 11% per month.

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

How much you drive can have a considerable impact on your monthly auto insurance bill. Generally, the more milage you put on your car each year, 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 UAIC charges. However, there's a small difference in monthly rates for State Farm, with policyholders who drive 6,000 miles annually paying about $13 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, State Farm is the cheaper company.

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

Where you call home can have a large impact on your monthly insurance payment. Normally, 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 where they live.

State Farm boasts the cheapest average premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around $93 with State Farm compared to UAIC. People who live in suburban areas pay about $229 less with State Farm compared to UAIC. For drivers in urban ZIP codes, State Farm's average rates are around $217 less than UAIC.

State Farm vs. UAIC 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 taking advantage of as many insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts State Farm and UAIC offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

State Farm blows UAIC away when it comes to the sheer amount of discounts available, offering 23 different discounts to UAIC's 12.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, discounts for being a good driver, and passive restraint discounts -- but State Farm also offers discounts for annual mileage, distant student, drive safe & save, and more.

On the other hand, UAIC has a few proprietary discounts of their own for things like agency transfer discounts, EFT discounts, intra-agency transfer discounts, and more.

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

So, you've seen how different variables can affect your car insurance prices. We've broken down the different discounts each company offers, too. But, at the end of the day, which carrier is the best carrier for you, your vehicle, and your wallet?

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

• You have a clean driving record, free of accidents, tickets, or DUIs.
• Your home is in a busy urban area.
• You have a short commute.

UAIC might be best for you if...

• You're looking for the best rates in FL.

Hopefully, this guide helps you get a good idea of the differences between State Farm and UAIC and that it aids in making a more informed 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 several companies, not just State Farm and UAIC. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

State Farm vs. UAIC FAQs

Is State Farm or UAIC cheaper?

State Farm is the less expensive of the two companies when looking at national average premiums, with policies averaging $158 per month with State Farm and $337 for UAIC. That being said, that doesn't mean State Farm will be the most affordable company for everyone, since there are a range of different factors that come into play when it comes to your car insurance cost.

Who is better, State Farm or UAIC?

Sadly, the only answer we can give you is "it depends.". Neither carrier is necessarily "better" for every policyholder -- it all comes down to what your unique insurance profile looks like.

Why do State Farm and UAIC offer me different rates?

Auto insurance carriers use quite a few different variables when calculating the prices they charge. Factors like where your home is, gender, age, where you park your car, and sometimes even things like your credit score can all be used. Both State Farm and UAIC calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from multiple different companies.

How do I know if State Farm or UAIC 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 carriers 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 information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't State Farm or UAIC 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.