Allstate vs. Farmers Car Insurance for 2021
Allstate and Farmers are considered some of the top car insurance companies in the country. Comparing Allstate vs. Farmers car insurance is one way to secure cheap rates. Farmers have more affordable premiums overall, but Allstate has a better A.M. Best score. On average, Farmers car insurance is $195 less than Allstate. Compare and shop around to find the best rates.
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Written by
Rachel Bodine
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Reviewed by
Jeffrey Johnson
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UPDATED: Jul 2, 2021
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- On average, Farmers car insurance is $195 cheaper than Allstate car insurance
- Allstate Insurance and Farmers Insurance reviews age when determining car insurance
- Farmers insurance discounts outnumber Allstate insurance discounts, but Allstate is more transparent with savings
You’ve shopped around for car insurance, and your search led you to compare Allstate vs. Farmers car insurance quotes.
Don’t worry – we’re to help you through the next step of buying an insurance policy with a short car insurance guide.
In this Allstate vs. Farmers car insurance review, we’ll show you what to expect from a Farmers and Allstate quote, what discounts are available, third-party ratings, and other details to help you find cheap car insurance.
Comparing car insurance is critical to budgeting. If you’re unsure about getting a deal from the Allstate vs. Farmers car insurance comparison, use our free online quote tool to compare multiple companies in your local area.
Table of Contents
Allstate vs. Farmers car insurance rates: Which company is the cheapest?
Allstate and Farmers are some of the most popular car insurance companies that offer competitive insurance prices across most of the US. However, Allstate accounts for about twice as much the market. Rates can vary based on driving history, age, and location.
The cheapest company between Allstate and Farmers is Farmers. Allstate has an average monthly rate of $407, but Farmers’ average for car insurance is $212 per month.
Despite Farmers’ low prices, Allstate has a more significant market share, and it earns more money from premiums than Farmers Insurance.
Although the average rates are a great place to start, your rates could vary based on factors that affect the price of car insurance.
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Which company is cheapest based on age, gender, and marital status?
Before we reveal the average monthly rates based on these three factors, let’s explain why car insurance looks at these factors to determine insurance.
Age can explain the experience of the driver. Meanwhile, gender and marital status determine the risk of getting into an accident.
When you combine these elements, you can get a reliable quote. Let’s see how Allstate and Farmers compare.
| Age, Gender, and Marital Status | Allstate Monthly Car Insurance Rates | Farmers Monthly Car Insurance Rates |
|---|---|---|
| Married 35-year-old female | $263 | $213 |
| Married 35-year-old male | $260 | $213 |
| Married 60-year-old female | $243 | $195 |
| Married 60-year-old male | $249 | $204 |
| Single 17-year-old female | $774 | $710 |
| Single 17-year-old male | $887 | $762 |
| Single 25-year-old female | $285 | $246 |
| Single 25-year-old male | $298 | $253 |
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Married drivers between 35 and 60 years old pay the least for car insurance at Allstate and Farmers. However, teen drivers pay the most due to their inexperience. Overall, Farmers car insurance has more affordable rates.
Which company is the cheapest based on credit scores?
Did you know you can save money on car insurance for having good credit? According to Experian, auto insurance companies provide less expensive rates when you have a good credit score.
What about people who have fair or poor credit? Let’s examine how Allstate and Farmers respond to credit levels.
| Credit Score Summary | Allstate Monthly Car Insurance Rates | Farmers Monthly Car Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $322 | $306 |
| Fair Credit Score (580-669) | $382 | $325 |
| Poor Credit Score (300-579) | $541 | $405 |
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As expected, customers with good credit at companies have the most affordable rates. However, consumers with poor credit have the most expensive rates.
Although Allstate is more expensive, Farmers auto insurance rates based on credit aren’t far from the pricey side. Farmers offer slightly better prices than Allstate for drivers with bad credit scores.
Which company is the cheapest based on driving records?
A clean driving record is a sure way to cheap car insurance. When you have traffic violations on your driving record, it drives up your policy cost. Accidents and DUIs can increase it even more.
Let’s compare Allstate vs. Farmers auto insurance rates based on your driving record below.
| Driving Record Summary | Allstate Monthly Car Insurance Rates | Farmers Monthly Car Insurance Rates |
|---|---|---|
| Clean Driving Record | $318 | $288 |
| With 1 Speeding Violation | $374 | $340 |
| With 1 Accident | $416 | $377 |
| With 1 DUI | $522 | $393 |
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Although Farmers is cheaper, Allstate costs are pretty close. Both companies are harsh on DUI conviction since it carries the highest auto insurance rate than all other violations.
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What car insurance discounts do Allstate and Farmers have?
When a Farmers or Allstate auto insurance quote looks like it’s going to be expensive, it’s time to lean on bargains. So who has more to offer?
Farmers Insurance Company carries 34 discounts for its car insurance program, but Allstate has 29 available discounts.
Allstate provides more transparency on how much you’ll save per year, but Farmers has different conditions on savings.
Both car insurance companies provide vehicle discounts for cars that have anti-theft and safety features.
You can even get a discount for paperless billing. Access your my Allstate account or Farmers login and pay your car insurance premium online. This will probably shave off two percent on your overall policy.
Allstate vs. Farmers car insurance: Which company provides more car insurance coverage options?
Sometimes you’ll need more than just bodily injury liability coverage and property damage liability coverage. An insurance company that provides more than the bare necessities is very flexible and serves a broader range of consumers.
So which company has more versatility? Is it Farmers or Allstate? Let’s compare.
| Allstate Car Insurance Coverages | Farmers Car Insurance Coverages |
|---|---|
| Collision coverage | Liability |
| Comprehensive coverage | Collision |
| Bodily Injury Liability | Comprehensive |
| Property Damage Liability | Uninsured / Underinsured Motorist |
| Uninsured & Underinsured Motorist Coverage | Medical Payments |
| Rental Reimbursement Coverage | Personal Injury Protection (PIP) |
| Personal Umbrella Policy | Towing and roadside service |
| Personal Injury Protection | Rental Car Reimbursement |
| Sound System Insurance | Rideshare |
| Roadside Assistance | Loss of Use |
| Classic Car Insurance | Guaranteed Value™ |
| Travel Car Insurance to Mexico | Customized Equipment |
| Personal Umbrella | |
| Glass Deductible Buyback | |
| Full Windshield and Glass Coverage | |
| Spare Parts Coverage | |
| Original Equipment Manufacturer (OEM) | |
| New Car Replacement Coverage | |
| Accident Forgiveness | |
| Classic/Antique Car Coverage | |
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Farmers have a few extra coverage options that Allstate doesn’t have. Both companies do have the essentials, including emergency roadside assistance.
You can access emergency roadside by using Allstate or Farmers roadside assistance phone number.
Additionally, Allstate provides a car tracking program called Allstate Drivewise. The program qualifies policyholders for a discounted car insurance rate based on their driving behavior. Customers can earn 5 percent cash back for downloading the Drivewise program and save up to 13 percent every six months.
Allstate vs. Farmers Car Insurance: What do consumers and rating agencies say about Allstate and Farmers?
Before buying Allstate of Farmers car insurance, you should look at what rating agencies and customers are saying about the company.
We’ve compiled a scorecard that summarizes the ratings of both companies. Let’s take a look.
| Agencies | Allstate Ratings | Farmers Ratings |
|---|---|---|
| AM Best | A+ | A |
| Better Business Bureau (BBB) | A+ | A+ |
| Moody's | A3 | A2 |
| S&P | AA- | A |
| NAIC Complaint Index | 0.41 | 1.08 |
| J.D. Power - Power Circle Ratings | About Average | About Average |
| Consumer Reports | 88 | 89 |
| Apple App Store (iOS) | 5 stars | 5 stars |
| Google Play Store (Android) | 4 stars | 4 stars |
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The A.M. Best, Moody’s, and S&P scores show the company’s financial strength and credit rating.
Allstate wins when it comes to financial strength at A.M. Best. Moody’s grades Farmers as a company with a better credit rating, but S&P’s scores agree with A.M Best’s interpretation.
The BBB, NAIC Complaint Index, Consumer Reports, and J.D. Power report on customer satisfaction reviews and consumer complaint data. Based on ratings, it’s a stalemate between Allstate and Farmers.
Both companies have the same BBB rating. Allstate has a lower average rate of complaints under NAIC’s complaint data. Farmers scored better with Consumer Reports, and both companies scored about average on J.D. Power’s U.S. auto insurance study.
Allstate and Farmers even have the same ratings under the most popular mobile app stores.
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Allstate vs. Farmers car insurance: What’s the bottom line?
Allstate car insurance rates are more expensive than Farmers, but it has a lower than average complaint rate. However, Farmers have lower prices, more coverage options, and more opportunities to save.
Although these sample rates are close to what you can pay, your rates will vary.
Why stop at Allstate vs. Farmers car insurance quotes? Enter your ZIP code in the free comparison tool below to compare the best companies near you and save on car insurance today.