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

Quick Facts

• Looking at the national averages for car insurance, Umialik offers significantly less expensive premiums than State Farm
• State Farm may help you save more money -- they offer more discounts than Umialik Insurance Company
• Umialik offers more affordable rates for policyholders who drive fewer than 6,000 miles yearly

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

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to State Farm or Umialik as your top options, but which one will offer you more affordable premiums?

As you can see, Umialik has average rates that are around 30% a month cheaper than those from State Farm when looking at the national average rates for auto insurance.

That being said, Umialik may not be the lowest or best option for each driver out there. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your age, or even your driving record (among other things), so prices could change drastically from person to person.

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

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

State Farm and Umialik only compete against each other in Alaska, where Umialik offers the cheaper average prices. Umialik drivers tend to pay about $4 per month less on average compared to drivers who use State Farm for their insurance.

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. Normally, that's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 40% less a month by choosing Umialik over State Farm. It's worth noting that State Farm offers auto insurance in 51 different states compared to Umialik's one, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, both companies will decrease rates by the time you turn 25. Umialik offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. State Farm's average premiums lower nearly 60% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable insurance prices you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

When looking at State Farm and Umialik specifically, which carrier is best for retired drivers? Umialik gets the edge, with premiums for drivers 65 and older over 30% more affordable than the national average for State Farm.

Which is the Best Company for Married Drivers?

Did you know that insurance rates are usually more expensive for single policyholders than they are for married couples? That's because policies for married policyholders typically cover more than one vehicle, which several carriers will give you a discount for.

For those who are single, the difference in average prices between these two companies is significant, with Umialik rates coming in at a third less than State Farm's. The advantage for married drivers with Umialik is also obvious, where drivers save about $35 per month.

State Farm or Umialik: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision, which means they'll normally end up paying more for auto insurance than women.

Men generally pay around $10 a month more than women with State Farm, and almost $10 with Umialik.

Looking at the data for each company specifically, Umialik offers the cheapest average premiums for both men and women, with average prices $52 less for men and $48 cheaper for women.

State Farm vs. Umialik: 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 a complicated subject for most people. There are so many different terms and limits that it can make it pretty confusing to find the right policy for you.

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

Looking specifically at state minimum liability insurance, Umialik has the significant edge, with average monthly premiums coming in at $66. If you want a full coverage policy with the same state minimum limits, Umialik again has the edge, with policies averaging about $150 per month to State Farm's $216.

Is State Farm or Umialik 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.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which carrier -- State Farm or Umialik -- has the most affordable rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Umialik car insurance policies don't report seeing their prices increase after getting a ticket, but State Farm policyholders can expect to see their monthly bill increase by around 15%.

However, Umialik has less expensive premiums for drivers in both categories, offering rates that are $26 and $47 cheaper, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Both carriers will raise prices pretty significantly if you get into an at-fault collision with State Farm climbing by about 18%. Umialik has a less extreme raise, but you can still expect to pay 0% more than you were prior to your first accident.

At the end of the day, Umialik offers the lowest rates for drivers with an at-fault collision on their records, with average premiums coming in at $108 compared to State Farm's $163.

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. State Farm drivers usually see a 25% climb in their auto insurance prices after a DUI charge, while Umialik will normally increase premiums by around 0%.

Umialik has the overall cheapest rates for drivers with a DUI on their records at $108 monthly, but it's worth noting that State Farm's average rates come from 51 states compared to just one for Umialik, so the data may be skewed slightly.

How does Credit Score Impact State Farm and Umialik Rates?

Did you know many insurance companies take your credit score into account when determining prices? This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect a lot of drivers out there.

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

So, which company offers the most affordable premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, State Farm will typically reward you the most for an "excellent" credit score. For policyholders with "excellent" credit scores, State Farm comes in 0% more affordable. Drivers with "good" credit scores usually save about 10% with Umialik compared to average rates from State Farm.

Which Company is Best for Drivers with Bad Credit?

Umialik typically offers lower prices than State Farm when it comes to drivers with bad credit. Drivers with "fair" credit pay around 25% a month less with Umialik compared to State Farm, and those with "poor" scores generally save an average of about 51% per month.

Is State Farm or Umialik 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 pretty big impact on your monthly premiums? Normally, the more milage 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 Umialik charges. However, there's a small difference in monthly rates for State Farm, with policyholders who drive 6,000 miles each year paying around $13 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Umialik is the cheaper carrier.

State Farm or Umialik: 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 car insurance, but the type of area you live in can have a large impact as well. Generally, those who live in urban areas will pay more than drivers in rural areas because of the number of vehicles that are on the roads where they live.

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

For policyholders in urban ZIP codes, Umialik Insurance Company's average prices are about 27% less than State Farm. People who live in suburban areas pay around 32% less with Umialik compared to State Farm. Those in rural areas can expect to save about 37% with Umialik compared to State Farm.

State Farm vs. Umialik Discounts

No matter why you might be in the market for a new 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 utilizing as many auto insurance discounts as possible.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by State Farm and Umialik so that you can easily see which company offers the most discounts and, therefore, the largest savings.

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

Both companies offer several of the same discounts -- like anti-theft discounts, distant student discounts, and discounts for being a good student -- but State Farm also offers discounts for annual mileage, drive safe & save, driver training, and more.

Umialik's discounts come through just a few categories, including ABS, Anti-Theft, Defensive Driver, and more.

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

So, you've seen how different variables can affect your car insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but at the end of the day, is State Farm or Umialik the right carrier for you and your specific needs?

Umialik might be best for you if....

• You've been pulled over for speeding recently.
• You have less-than-stellar credit.
• You're married and plan to have both of your names on the vehicle's insurance policy.

State Farm might be best for you if...

• You're thinking about moving to another state -- Umialik Insurance Company is only available in Alaska.
• You're looking for discounts -- State Farm has the most.

Hopefully, this guide has ben a valuable resource as you compare State Farm and Umialik and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the sure-fire 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 State Farm and Umialik. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

State Farm vs. Umialik FAQs

Is State Farm or Umialik cheaper?

Umialik is the less expensive of the two carriers when looking at national average prices, with policies averaging $108 per month with Umialik and $158 for State Farm. That being said, that doesn't mean Umialik will be the lowest company for each driver, since there are a range of different factors that are considered when it comes to your insurance cost.

Who is better, State Farm or Umialik?

Unfortunately, the answer truly is "it depends.". No single carrier is "better" for every policyholder -- it all depends on what your unique car insurance profile looks like. For example, State Farm is cheaper for drivers with excellent credit, while Umialik offers more affordable premiums for drivers with a recent DUI.

Why do State Farm and Umialik offer me different rates?

Insurance companies use lots of different variables when calculating the rates they charge. Things like where you park your car, where you live, age, gender, and sometimes even things like your credit score can all be used. Both State Farm and Umialik use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the auto insurance carrier 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 make it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't State Farm or Umialik 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.