Allstate vs. Farmers Car Insurance for 2024
In the competitive landscape of car insurance, the choice between Allstate and Farmers involves a comprehensive analysis of factors ranging from rates and coverage to customer satisfaction.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Jan 9, 2024
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Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Jan 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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In the competitive landscape of car insurance, choosing the right provider often boils down to the bottom line – the rates. A comprehensive analysis of the data table reveals a nuanced comparison between Allstate and Farmers, shedding light on factors that significantly impact insurance premiums. Delving into variables such as credit score, mileage, coverage level, and driving record, it becomes evident that Farmers consistently emerge as the more cost-effective choice across diverse customer profiles.
| Factor | Allstate | Farmers |
|---|---|---|
| Clean Record | $160 | $139 |
| 1+ Ticket | $188 | $173 |
| 1+ Accident | $225 | $198 |
| DUI | $270 | $193 |
| Poor Credit | $275 | $239 |
| Discount | Allstate | Farmers |
|---|---|---|
| Safe Driver | 15% | 15% |
| Low Mileage | 10% | 10% |
| Anti Theft | 10% | 10% |
| Paperless | 5% | 10% |
| Senior Driver | 5% | 5% |
| Good Student | 10% | 15% |
Allstate Car Insurance
Pros:
- Financial Strength: Higher A.M. Best rating indicating superior financial stability.
- Ease of Claim Filing: Multiple channels for filing claims (online, phone, mobile apps).
- Offered Discounts: Varied discounts, including on-time payment discounts.
- Mobile App & Digital Features: Feature-rich mobile app, online account management, and digital tools/resources.
- Coverage Options: Comprehensive coverage options including liability, collision, and more.
Cons:
- Pricing: Generally higher rates compared to Farmers, particularly for certain demographics.
- Customer Satisfaction: Ranks about average according to J.D. Power regarding what is offered, billing, price, and claims.
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Farmers Car Insurance
Pros:
- Pricing: Generally offers cheaper rates across most demographics compared to Allstate.
- Customer Accreditation: Accredited by BBB, indicating good customer service.
- Offered Discounts: Varied discounts, including safe driver and good student discounts.
- Coverage Options: Comprehensive coverage options similar to Allstate.
Cons:
- Financial Strength: Slightly lower A.M. Best rating than Allstate.
- Lacks On-Time Payment Discount: Doesn’t offer a discount for on-time payments.
Best Car Insurance Company: Farmers
Based on the detailed comparison between Allstate and Farmers car insurance companies, it’s evident that both have their distinct advantages and drawbacks. However, when considering factors like rates, coverage, discounts, financial strength, and customer satisfaction, Farmers seems to hold an edge over Allstate in terms of affordability and some aspects of their offerings.
Rates Comparison: Farmers consistently offer cheaper rates across various demographics, providing a more cost-effective option for most customers.
Discount Offerings: Both Allstate and Farmers offer a similar range of discounts. While Allstate offers a discount for on-time payments, Farmers provides a safe driver discount, potentially balancing out the advantages.
Financial Strength and Customer Satisfaction: Although Allstate boasts a higher A.M. Best rating, both companies received an A+ rating from the BBB. However, Farmers is accredited by the BBB, which might reflect a more proactive approach to customer service.
Claims Process: Both companies offer multiple channels for filing claims and have an average performance in terms of claim processing time and customer feedback on claim resolutions.
Digital Advancements: Both Allstate and Farmers provide feature-rich mobile applications, online account management capabilities, and digital tools to assist customers in managing their policies and accessing necessary information.
While both companies have their merits, Farmers’ consistent affordability across various demographics, coupled with a balance of coverage options and customer service, makes it the more favorable option for most consumers seeking a reliable and cost-effective car insurance provider.
Allstate Car Insurance
Allstate was founded in 1931 as a subsidiary of Sears, Roebuck & Co., and initially sold auto insurance through the mail, targeting rural drivers. In 1939, Allstate began selling insurance through agents in the field. The company expanded its insurance offerings to include other forms of coverage beyond auto insurance.
In the 1990s, Allstate became independent after Sears divested its interests. It went public on the New York Stock Exchange (NYSE) and grew into one of the largest insurance providers in the United States. Allstate is known for pioneering new safety features and campaigns, such as introducing the concept of safe driving discounts and popularizing “accident forgiveness.”
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Farmers Car Insurance
Farmers Insurance Exchange, the original entity of Farmers Insurance Group, was founded in 1928 by John C. Tyler and Thomas E. Leavey. The company’s main focus was initially providing insurance to rural farmers, hence the name. Farmers eventually expanded beyond agricultural insurance into other types of coverage.
Over the years, Farmers expanded its operations, acquiring various companies and growing its services across multiple states and insurance sectors. Farmers are recognized for its innovative approach, offering various coverage options and being an early adopter of the internet to provide quotes and services online.
Is Allstate car insurance or Farmers car insurance cheaper?
It might surprise you what all goes into determining your car insurance rates. Companies look at everything from your age, gender, driving history, and credit score to calculate your rates.
These factors will determine just how affordable Allstate vs. Farmers car insurance is for you.
First, take a look at the average annual Allstate vs. Farmers car insurance rates based on your age, gender, and marital status.
Allstate vs. Farmers Average Annual Rates Based on Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Allstate Average Annual Rates | Farmers Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $3,424.87 | $8,666.24 |
| Single 17-year-old male | $10,642.53 | $9,202.06 |
| Single 25-year-old female | $3,424.87 | $2,672.81 |
| Single 25-year old male | $3,570.93 | $2,791.21 |
| Married 35-year-old female | $3,156.09 | $2,316.82 |
| Married 35-year-old male | $3,123.01 | $2,306.44 |
| Married 60-year-old female | $2,913.37 | $2,117.42 |
| Married 60-year-old male | $2,990.64 | $2,179.61 |
Farmer’s auto insurance rates are cheaper for almost every demographic. However, Allstate auto insurance is cheaper if you are a 17-year-old female.
Another important factor that car insurance companies use to calculate your rates is your driving record. If you have accidents, tickets, or DUIs, you will spend a lot more on your insurance than if you have a clean driving record.
Allstate vs. Farmers Average Annual Rates Based on Driving Record
| Driving Record | Allstate Average Annual Rates | Farmers Average Annual Rates |
|---|---|---|
| Clean record | $3,819.90 | $3,460.60 |
| With 1 accident | $4,987.68 | $4,518.73 |
| With 1 speeding violation | $4,483.51 | $4,079.01 |
| With 1 DUI | $6,260.73 | $4,718.75 |
Allstate insurance is more expensive than Farmers, especially if you have a DUI on your driving record.
You might be surprised to learn your credit score affects your car insurance rates. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and more willing to pay out of pocket for damages.
Allstate vs. Farmers Average Annual Rates Based on Credit History
| Credit History | Allstate Average Annual Rates | Farmers Average Annual Rates |
|---|---|---|
| Good | $3,859.66 | $3,677.12 |
| Fair | $4,581.16 | $3,899.41 |
| Poor | $6,490.65 | $4,864.14 |
Farmers are cheaper no matter what your credit score looks like. Keep in mind that a few states, like California, don’t allow insurance companies to look at your credit score to determine your rates.
Allstate vs. Farmers: Which offers better car insurance discounts?
Car insurance discounts are a great way to lower your rates. Most companies offer you discounts based on a variety of things, including how many cars you have, your occupation, and even how many policies you have.
This table shows you the car insurance discounts that Allstate and Farmers offer. If the amount of the discount is known, it is included.
Allstate vs. Farmers Available Car Insurance Discounts
| Car Insurance Discounts | Allstate (%) | Farmers (%) |
|---|---|---|
| Adaptive Headlights | N/A | x |
| Anti-lock Brakes | x | x |
| Anti-Theft | x | x |
| Claim Free | x | x |
| Continuous Coverage | x | x |
| Daytime Running Lights | x | x |
| Defensive Driver | x | x |
| Distant Student | x | x |
| Driver's Ed | x | x |
| Driving Device/App | x | N/A |
| Early Signing | x | x |
| Electronic Stability Control | x | x |
| Family Plan | N/A | x |
| Farm Vehicle | x | x |
| Federal Employee | N/A | x |
| Full Payment | N/A | x |
| Garaging/Storing | N/A | x |
| Good Credit | x | N/A |
| Good Student | x | x |
| Green Vehicle | x | 5 |
| Homeowner | N/A | x |
| Life Insurance | x | N/A |
| Low Mileage | x | x |
| Military | x | x |
| Multiple Policies | 10 | x |
| Multiple Vehicles | x | x |
| Newer Vehicle | x | x |
| Occupation | x | x |
| On-Time Payments | x | N/A |
| Paperless Documents | x | x |
| Paperless/Auto Billing | x | x |
| Passive Restraint | x | x |
| Safe Driver | N/A | x |
| Senior Driver | x | x |
| Switching Provider | N/A | x |
| Utility Vehicle | x | x |
| Vehicle Recovery | x | x |
| VIN Etching | N/A | x |
Both companies offer most of the same discounts. However, there are some differences.
For example, Allstate discounts on-time payments, and Farmers doesn’t. On the other hand, Farmers offers a safe driver discount, and Allstate doesn’t.
Be sure to ask for any discounts as you compare Allstate vs. Farmers car insurance quotes to get the lowest rates possible.
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How do Allstate vs. Farmers compare in financial strength and customer satisfaction?
A.M. Best ranks companies based on how financially stable they are. Allstate received an A+ rating, showing it has a superior ability to meet obligations. Farmers received an A rating, meaning it has an excellent ability to meet obligations.
Both Allstate and Farmers received an A+ rating from the Better Business Bureau. However, Farmers is accredited and Allstate is not.
Both companies were also ranked by J.D. Power for customer satisfaction on factors like what is offered, billing, price, and claims. Both Allstate and Farmers ranked about average.
Comparing Allstate vs. Farmers: A Comprehensive Analysis of the Claims Process
Ease of Filing a Claim (online, over the phone, mobile apps)
When it comes to the claims process for car insurance, both Allstate and Farmers offer multiple channels for filing claims. Customers can conveniently file claims through online platforms, over the phone, or via mobile applications. These options provide flexibility and accessibility, allowing policyholders to choose the method that best suits their preferences and circumstances.
Average Claim Processing Time
The efficiency of the claim processing time is a crucial factor in assessing an insurance company’s performance. While specific data on the average claim processing time for Allstate and Farmers may vary, both companies strive to process claims promptly. Customers can expect a streamlined claims process aimed at providing quick resolutions and ensuring a smooth experience during a stressful situation.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback on claim resolutions and payouts offers valuable insights into the satisfaction levels of policyholders. Both Allstate and Farmers, with their A+ ratings from the Better Business Bureau, indicate a commitment to addressing claims effectively.
Gathering feedback from customers regarding their experiences with claim resolutions and payouts can shed light on the overall quality of service provided by these insurance companies.
Allstate vs. Farmers: Unveiling Digital Advancements and Technological Features
Mobile App Features and Functionality
Both Allstate and Farmers offer feature-rich mobile applications that enhance the overall customer experience. These mobile apps provide policyholders with various functionalities, including the ability to view and manage policies, file claims, access digital insurance ID cards, and receive real-time updates on their coverage. The apps are designed to be user-friendly and intuitive, providing convenience and accessibility on the go.
Online Account Management Capabilities
In addition to mobile apps, Allstate and Farmers offer comprehensive online account management capabilities through their respective websites. Policyholders can log in to their accounts to view policy details, make payments, update personal information, and track claims.
The online platforms are designed to simplify the management of insurance policies, ensuring that customers have easy access to their policy-related information and can carry out necessary transactions seamlessly.
Digital Tools and Resources
Both Allstate and Farmers leverage digital tools and resources to provide customers with valuable information and assistance. These resources may include educational articles, insurance calculators, FAQs, and online chat support, among others.
By offering digital tools and resources, these companies aim to empower customers with the knowledge and tools they need to make informed decisions about their insurance coverage and better understand their policies.
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Allstate vs. Farmers: The Bottom Line
Both Allstate and Farmers offer websites that provide online quotes. You can also use the Allstate app or Farmers Insurance dashboard to access your accounts.
With Allstate and Farmers Insurance, you can file a claim online or through the app as well. Other services, such as roadside assistance, are also offered by each company and accessible through the website or app.
To learn more about each company, read our Allstate and Farmers car insurance reviews.
Deciding to buy Allstate vs. Farmers car insurance can be a difficult decision. Weigh the pros and cons to determine if either company is right for you, then enter your ZIP code below to compare free quotes from multiple car insurance companies near you.
Frequently Asked Questions
What is the difference between Allstate and Farmers car insurance?
Allstate and Farmers are both well-known insurance providers that offer a variety of car insurance options. While their offerings can vary by state, some of the differences between the two may include coverage options, discounts, and pricing.
What types of car insurance coverage does Allstate offer?
Allstate offers a range of car insurance coverage options, including liability coverage, collision coverage, comprehensive coverage, personal injury protection, and uninsured/underinsured motorist coverage.
What types of car insurance coverage does Farmers offer?
Farmers also offers a range of car insurance coverage options, including liability coverage, collision coverage, comprehensive coverage, personal injury protection, and uninsured/underinsured motorist coverage. They also offer additional coverage options like new car replacement and customized equipment coverage.
What discounts are available through Allstate car insurance?
Allstate offers a variety of discounts for car insurance, including safe driving discounts, multi-policy discounts, and good student discounts.
What discounts are available through Farmers car insurance?
Farmers also offers a range of discounts for car insurance, including safe driving discounts, multi-policy discounts, and good student discounts. They also offer discounts for alternative fuel vehicles and for drivers who complete a defensive driving course.
Which car insurance provider is better, Allstate or Farmers?
There is no one-size-fits-all answer to this question, as the “better” insurance provider will depend on your individual needs and preferences. It’s always a good idea to compare the coverage options, discounts, and pricing from multiple providers to determine which one is the best fit for you.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.