Compare Allstate vs. State Farm Auto Insurance in 2021
Our Allstate vs. State Farm auto insurance guide will help you choose between two companies with a steady history of financial strength. We look at rates for both companies based on age, driving record, and credit score. State Farm has cheaper rates overall, but Allstate has discounts to offset its expensive auto insurance rates.
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UPDATED: Apr 12, 2021
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- State Farm auto insurance is much cheaper than Allstate auto insurance
- You can save on State Farm or Allstate auto insurance quotes if you bundle insurance
- Allstate insurance is more expensive, but it has more discounts than State Farm insurance
You’ve narrowed your auto insurance shopping list to Allstate and State Farm. Therefore, you’ll need more information about both companies before you make your final decision.
Our Allstate vs. State Farm auto insurance guide explains everything you need to know about Allstate vs. State Farm auto insurance quotes. We’ll also talk about auto insurance coverages, insurance products, third-party ratings, and other highlights.
Comparing auto insurance companies is important, but why stop at Allstate vs. State Farm auto insurance. Use our free comparison tool to compare rates from the best companies in your area.
Allstate vs. State Farm Auto Insurance: Which company is the cheapest?
When comparing auto insurance companies, one of the frequently asked questions is, “which company has the cheapest prices?”
Before we go into Allstate vs. State Farm auto insurance rates, check out this comparison summary to see how Allstate and State Farm compare to each other.
|Summary||Allstate Auto Insurance Stats||State Farm Auto Insurance Stats|
|Headquarters||3075 Sanders Road Northbrook, IL 60062-7127||One State Farm Plaza Bloomington, IL 61710|
|Direct Premiums||$23.8 Billion||$41.1 Billion|
|National Average Auto Insurance||$407||$272|
State Farm has a bigger market share and earns over $10 billion more than Allstate. In addition to market share, you’ll likely pay more for Allstate auto insurance rates.
If you want a comprehensive look at State Farm, read our State Farm auto insurance review.
Which is cheapest by driving record?
Your driving record is the best way to save money on your car insurance policy. Auto insurance providers reward good drivers with lower prices.
Therefore, a clean driving record can secure cheap Allstate and State Farm car insurance.
Let’s compare both companies to see which company has cheaper rates by driving record.
|Driving Record Summary||Allstate Monthly Auto Insurance Rates||State Farm Monthly Auto Insurance Rates|
|Clean Driving Record||$318||$235|
|With 1 Speeding Violation||$374||$266|
|With 1 Accident||$416||$283|
|With 1 DUI||$522||$303|
State Farm car insurance based on a driver’s overall driving history is much cheaper than Allstate car insurance. Any traffic violation on your driving record will remain on your driving record for at least three years.
Meanwhile, DUIs linger on your driving history for ten years or more. It all depends on your state.
Which is cheapest by credit score?
Did you know your credit score can affect your auto insurance rates? According to Experian, car insurance companies issue cheaper premiums to consumers who have an excellent or good credit history.
Good credit correlates to low risk, but fair and poor credit correlates to a higher risk to file a claim.
So how do Allstate vs. State Farm auto insurance rates compare regarding credit-based auto insurance? Let’s examine those monthly rates below.
|Credit Score Summary||Allstate Monthly Auto Insurance Rates||State Farm Monthly Auto Insurance Rates|
|Good Credit (670-739)||$322||$181|
|Fair Credit Score (580-669)||$382||$238|
|Poor Credit Score (300-579)||$541||$413|
Auto insurance rates are significantly less expensive for both companies. However, State Farm is still cheaper than Allstate.
Poor credit-based car insurance produces the most expensive rates. If you can tackle any small debts, you can improve your credit over time.
Once your credit score improves, alert your auto insurance provider so you can secure cheaper rates.
Which is cheapest by age, gender, and marital status?
In some places in the United States, gender-based car insurance has been outlawed. This means that auto insurance companies can’t determine insurance based on gender.
Most states allow gender-based auto insurance, but auto insurance companies everywhere will determine your policy’s price by age and marital status.
Let’s examine Allstate Insurance and State Farm Insurance’s cost based on age, gender, and marital status.
|Age, Gender, and Marital Status||Allstate Monthly Auto Insurance Rates||State Farm Monthly Auto Insurance Rates|
|Married 60-year-old female||$243||$156|
|Married 60-year-old male||$249||$156|
|Married 35-year-old male||$260||$173|
|Married 35-year-old female||$263||$173|
|Single 25-year-old female||$285||$195|
|Single 25-year-old male||$298||$213|
|Single 17-year-old female||$774||$496|
|Single 17-year-old male||$887||$610|
Allstate auto insurance is more affordable when you consider age, gender, and marital status, but State Farm auto insurance is still less expensive. When you add other factors into it, you could save more per year.
Which is cheapest by commute mileage?
Another way you can save money on auto insurance is by driving less. So, which company offers cheaper rates when you drive your vehicle less than average?
Check out the Allstate vs. State Farm car insurance rates below and compare costs based on commute mileage.
|Estimated Commute Mileage||Allstate Monthly Auto Insurance Rates||State Farm Monthly Auto Insurance Rates|
|10 Miles Commute (6,000 miles/yr)||$403||$265|
|25 Miles Commute (12,000 miles/yr)||$411||$279|
Both companies provide less expensive premiums when you drive less, but Allstate auto insurance is more costly regardless of the estimated miles traveled.
If you’re concerned about how factors will affect your car insurance, start asking about discounts.
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Allstate vs. State Farm Auto Insurance: Which company has more coverage options?
A substantial monthly budget can open doors to a lot of coverage opportunities you might need. If you have a relatively new vehicle, you’ll need more than liability car insurance.
Car insurance companies with various coverage options can ensure reliable service despite your situation. Let’s compare Allstate vs. State Farm car insurance coverages to see which company has more.
|Allstate Auto Insurance Coverages||State Farm Auto Insurance Coverages|
|Collision coverage||Collision Coverage|
|Comprehensive coverage||Comprehensive Coverage|
|Bodily Injury Liability||Liability Coverage|
|Property Damage Liability||Car Rental and Travel Expenses Coverage|
|Uninsured & Underinsured Motorist Coverage||Uninsured Motorist Coverage|
|Rental Reimbursement Coverage||Underinsured Motorist Coverage|
|Personal Umbrella Policy||Medical Payments Coverage|
|Personal Injury Protection||Emergency Roadside Assistance|
|Sound System Insurance||Rideshare Driver Coverage|
|Classic Auto Insurance|
|Travel Auto Insurance to Mexico|
State Farm may be cheaper, but Allstate has them beat. You have more options as an Allstate policyholder, which may account for the price of Allstate’s policy costs.
Does it make Allstate a better company? That depends on your perspective. Continue reading to learn a little more.
Which company has more insurance products?
After you buy Allstate or State Farm auto insurance, you can use the companies’ online service to monitor your policy. You can even use My Allstate login or a State Farm login to check other insurance policies.
So which company has more insurance products? Let’s compare Allstate and State Farm’s insurance services to see which company has more.
|Insurance Types||Allstate Availability||State Farm Availability|
|Travel Trailer Insurance||✔||✘|
|Mobile Home Insurance||✔||✔|
Once again, Allstate has more it can provide. Although most people don’t have an RV, travel insurance is one of the most convenient policies you can add to your policy.
Adding another insurance product to your overall policy is known as bundling, and it can save you up to 12 percent on your insurance bill. For the moment, Allstate has more bundling opportunities than State Farm.
Allstate vs. State Farm Auto Insurance: Who has more discounts?
Discounts are the bread and butter to cheap car insurance. The more discounts you can add to your policy, the less expensive your auto insurance will be per month.
Here’s a comparison between Allstate and State Farm, which shows which company has more discounts.
|Auto Insurance Discount Name||Allstate Discount Values||State Farm Discount Values|
|Anti-lock Brake Discount||10%||20%|
|Anti-Theft Device Discount||10%||15%|
|Claims Free Renewal Discount||N/A||Varies|
|Daytime Running Lights Discount||N/A||Varies|
|Defensive Driver Discount||20%||5%|
|Driving Habits Discount||N/A||30%|
|Driving training discount||Varies||Varies|
|Early Quote Discount||10%||N/A|
|Farm Vehicle Discount||10%||N/A|
|Good Credit Discount||N/A||80%|
|Good Driver Discount||10%||25%|
|Good Payer Discount||5%||N/A|
|Good Student Discount||10%||25%|
|Home Owner Discount||N/A||Varies|
|Low Mileage Discount||10%||10%|
|Mature driver discount||N/A||Varies|
|Multiple Policy Discount||10%||17%|
|Multiple Vehicle Discount||10%||20%|
|New Car Discount||15%||40%|
|Paid in full discount||10%||N/A|
|Paperless documents discount||Varies||N/A|
|Passive Restraint Discount||10%||40%|
|Preferred payment discount||5%||N/A|
|Senior Adult Discount||5%||Varies|
|Student Away at School Discount||5%||Varies|
|Utility Vehicle Discount||Varies||N/A|
Although State Farm car insurance is cheaper, Allstate has more discounts. This means you’ll have more options to save money on auto insurance.
Which company has the better financial strength and customer satisfaction ratings?
Financial strength and customer review ratings show the reputation of a company’s reliability.
Customer satisfaction reveals how consumers feel about a provider’s service. Meanwhile, financial strength shows customers how well the company manages money.
There are several agencies across the United States that grade insurance companies every year. Let’s review the ratings from the top agencies in the country.
|Agencies||Allstate Ratings||State Farm Ratings|
|AM Best||A+ (Excellent)||A++ (Superior)|
|Better Business Bureau (BBB)||A+||A+|
|Moody's||A3 (Good)||Aa1 (Excellent)|
|S&P||AA- (Very Good)||AA (Excellent)|
|NAIC Complaint Index||0.41||0.98|
|J.D. Power - Power Circle Ratings||About Average||Better Than Most|
According to the AM Best rating scale, State Farm has a stronger financial strength rating.
Both companies have the same rating under the BBB, but Allstate has come up short on S&P and Moody’s ratings.
The last three agencies in the table show the customer review ratings. The National Association of Insurance Commissioners (NAIC) reports a higher rate of complaints at State Farm.
J.D. Power’s auto insurance study says that State Farm had a better year than Allstate, and the reviews at Consumer Reports agree.
Allstate vs. State Farm Auto Insurance: Advantages and Disadvantages
Before we close out the article, let’s look at a few highlights from Allstate and State Farm.
|Allstate Pros||Allstate Cons||State Farm Pros||State Farm Cons|
|Lots of discounts that are easy to qualify for||Above average pricing in most states||Easy to file a claim||Cost is higher for customers with poor credit|
|Cutting edge programs like pay-per-mile and rideshare coverage||Not all programs are offered in all states||Cheap auto insurance rates||Has fewer discounts than most competitors|
|Local agent service plus easy web and mobile access||Online quoting will lead to agent solicitation by phone||Good financial strength ratings|
|Solid financial ratings||Consumer satisfaction ratings are below average||Excellent customer review ratings|
Did we miss something? Auto insurance needs vary for each person so that you may see the Allstate vs. State Farm car insurance comparison differently than someone else.
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Allstate vs. State Farm Auto Insurance: The Bottom Line
State Farm has more affordable life insurance rates than Allstate, but Allstate has more coverage options, discounts, and insurance products.
Despite Allstate’s flexibility, State Farm manages money better and has better customer satisfaction ratings. Ultimately, it’s up to you to determine which company is best for you.
Now that you’ve compared Allstate vs. State Farm auto insurance, enter your ZIP code in our free comparison tool to get quotes from other top companies in your area.