Compare Allstate vs. Farmers Auto Insurance in 2021
Our Allstate vs. Farmers car insurance guide will help you decide between two superb companies based on age, driving record, and credit score. Farmers is a better choice than Allstate for young drivers as well as drivers with speeding tickets, accidents, and DUIs. Allstate has a stronger financial history and future.
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UPDATED: Feb 22, 2021
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A Concise Overview
- Both Allstate and Farmers have high customer satisfaction and low complaint ratios
- Allstate has a stronger financial history and future
- Farmers has lower car insurance rates for teen drivers or those with a bad driving record
- Farmers has more car insurance discounts ranging from 5 to 45 percent off
- Allstate has higher car insurance rates overall
It’s nice to have options in life, and there are so many auto insurance companies to consider.
You probably know the basics now that you have landed here and are ready to narrow your two best contenders to choose the auto insurance company that will have your back when you need it: Allstate vs. Farmers auto insurance.
Allstate and Farmers are both on the big list of the best auto insurance companies, but how do they stack up when it comes to rates, discounts, consumer satisfaction and complaints, mobile apps, and financial strength?
Before you buy auto insurance, enter your ZIP code to start comparing multiple auto insurance companies in your local area.
Is Allstate auto insurance or Farmers auto insurance cheaper based on age?
Wouldn’t you agree that as we age, we become more experienced? Auto insurance companies believe this, especially when it comes to determining your auto insurance rates. They believe the more years of experience driving we have, the more cautious and safe we are as drivers.
I think we can all agree on that.
However, I doubt we will all agree that it’s fair to base auto insurance rates on gender and marital status. Some states have outlawed this discriminatory practice, but not all.
|Age, Gender, and Marital Status||Allstate Average Annual Rates||Farmers Average Annual Rates|
|Single 17-year-old female||$9,282.19||$8,521.97|
|Single 17-year-old male||$10,642.53||$9,144.04|
|Single 25-year-old female||$3,424.87||$2,946.80|
|Single 25-year-old male||$3,570.93||$3,041.44|
|Married 35-year-old female||$3,156.09||$2,556.98|
|Married 35-year-old male||$3,123.01||$2,224.31|
|Married 60-year-old female||$2,913.37||$2,336.80|
|Married 60-year-old male||$2,990.64||$2,448.39|
Farmers car insurance rates are an average of 19 percent cheaper than Allstate car insurance rates for drivers 25 and older.
Farmers is the best choice if you have a teen driver because these rates are 14 percent cheaper than Allstate auto insurance for teen drivers.
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Is Allstate auto insurance or Farmers auto insurance cheaper based on driving record?
No matter what auto insurance company you select, it’s a widely accepted fact that your auto insurance rates will increase if you get a speeding ticket, cause an accident, or get a DUIs. The riskier a driver you are, the riskier a liability you are. These two companies are no exception.
|Driving Record||Allstate Average Annual Rates||Farmers Average Annual Rates|
|Clean Driving Record||$3,819.90||$3,460.60|
|With One Speeding Violation||$4,483.51||$3,025.74|
|With One Accident||$4,987.68||$3,722.75|
|With One DUI||$6,260.73||$4,330.24|
Farmers is much more lenient than Allstate when it comes to having traffic violations on your driving record.
If you choose Allstate and you get a speeding ticket, cause an accident, or get a DUI, your auto insurance rates will increase by 17 to 63 percent. Alternatively, with Farmers, in the same scenario, your auto insurance rates increase by only 8 to 25 percent.
If you have a not-so-hot driving history, Farmers is surely the better option.
Is Allstate auto insurance or Farmers auto insurance cheaper based on credit score?
Your credit score reflects your prior ability to manage your finances and make good choices as well as pay your bills on time. Auto insurance companies assume that the more financially responsible you are, the safer driver you are.
We can all agree that a traumatic financial life event like a divorce or unexpected medical costs is likely to decrease your credit score.
Are those always personal choices? Not exactly.
Just the same as gender and marital status, some states have banned auto insurance companies from basing rates on credit history. Let’s take a look at how Allstate and Farmers compare when it comes to rates based on credit score.
|Credit History Summary||Allstate Average Annual Rates||Farmers Average Annual Rates|
|Good Credit (670-739)||$3,859.66||$3,677.12|
|Fair Credit Score (580-669)||$4,581.16||$3,899.41|
|Poor Credit Score (300-579)||$6,490.65||$4,864.14|
Farmers is much more lenient than Allstate when it comes to quotes for drivers with a low credit score. Drivers with fair or poor credit will pay 19 to 68 percent more with Allstate as compared to drivers with good credit. Drivers with fair or poor credit will pay only 6 to 32 percent more with Farmers.
If you have a lower credit score, Farmers is a better choice.
When it’s time to renew your six-month policy, and you notice your rate has gone up, it could be because your credit score dropped. Use your Allstate login or Farmers login to make adjustments to your deductible and coverage levels, temporarily if needed, to reduce your rate for the next six months while you work to improve your credit score.
It’s good practice to check your credit report every six months anyway.
State laws determine much of how you will experience obtaining auto insurance coverage, so where you live is a very influential factor in determining your auto insurance rates. Be sure to check your state auto insurance guide before judging Allstate and Farmers auto insurance rates by credit score.
Does Allstate or Farmers have better auto insurance discounts?
Every auto insurance company has its brand, and it tends to stem from the company’s history. Similarly, the values and philosophies of an auto insurance company can influence what discounts they will offer.
This is why it pays to shop around. Let’s take a look at Allstate auto insurance discounts and Farmers auto insurance discounts.
|Daytime Running Lights||2||Yes|
|Electronic Stability Control||2||No|
|On Time Payments||5||No|
Allstate has 29 car insurance discounts, and Farmers has 34 discounts.
Our source doesn’t provide the amount of each discount for Farmers. But, with Allstate, you can save between 5 and 45 percent with their discounts.
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What types of auto insurance coverages are offered by Allstate and Farmers?
Since both Allstate and Farmers are on the big contender list for market share, they both likely offer the standard six coverages that are listed below in addition to much more.
- Liability auto insurance coverage – bodily injury and property damage
- Comprehensive auto insurance coverage
- Collision auto insurance coverage
- Uninsured/Underinsured auto insurance coverage
- Medical Payments (MedPay) auto insurance coverage – particularly important in states that require no-fault auto insurance
- Personal Injury Protection (PIP) auto insurance coverage
However, be sure to take a closer look at any specialty coverages such as rental reimbursement, roadside assistance, guaranteed auto protection (GAP), mechanical breakdown, and recreational vehicles such as ATVs or boats.
Does Allstate or Farmers have better auto insurance mobile apps?
Most of the top 10 auto insurance companies have mobile apps to make payments, adjust coverage levels, or show electronic verification of auto insurance coverage. However, most auto insurance companies have a separate app that is used for their usage-based auto insurance programs.
Usually, your Allstate insurance login or Farmers insurance login will work with both the general app and the driving app.
Allstate actually has two different apps: DriveWise is based on your driving habits, and MileWise is based on how many miles you actually drive. Read our Allstate MileWise review to learn more.
How does Allstate and Farmers auto insurance compare in financial strength and customer satisfaction?
If auto insurance companies can judge their customers based on gender, marital status, and credit score, then it’s only fair customers get to judge them. We list ratings for Allstate and Farmers from the top agencies that judge the credibility of all auto insurance companies.
A.M. Best scores companies based on their ability to meet their ongoing insurance obligations such as balancing premiums collected and claims paid. The highest score A.M. Best awards is Superior A++.
Consumer Reports collects annual data from its subscribers regarding customer satisfaction of the claims process, step by step. In their 2017 survey, 27 insurance companies were rated, and scores ranged between 86 to 96.
The National Association of Insurance Commissioners (NAIC) calculates a complaint ratio based on the total number of customers against the total number of complaints. In 2017, the national average complaint ratio was 1. The lower the ratio, the better.
|Agencies||Allstate Ratings||Farmers Ratings|
|AM Best||A+ (Excellent)||B++ (Good)|
|NAIC Complaint Ratio||0.5 (total of 163 complaints)||0.59 (total of 7 complaints)|
Both Allstate and Farmers do well with keeping complaints per customer low. Customers with both companies are highly satisfied with the processes involving Allstate claims and Farmers claims.
Allstate has a better financial strength score. Farmers has a lower score than Allstate, though their score is still considered good.
If you’re still unsure which company to choose, use our free comparison tool to compare affordable auto insurance quotes in your area.