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Compare Farmers vs. Allstate: Quotes, Discounts (2022)

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Lindsay Frankel

By: Lindsay Frankel

Edited by Tanveen Vohra

Last Updated June 15, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

Farmers vs. Allstate: A Summary

If you’ve been thinking about switching or obtaining a car insurance policy for the first time, you might consider comparing car insurance from both Farmers and Allstate. Here’s how those two companies compare based on cost and our Insurify Composite Score.

Insurance CompanyAvg. Monthly Car Insurance QuoteInsurify Composite Score
Farmers$10785
Allstate$5785
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

ICS Score Explanation:

The Insurify Composite Score (ICS) is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

Farmers

Farmers Insurance Group has been around since 1928 and provides multiple insurance products across all 50 states, including home insurance, auto insurance, and life insurance, with bundling discounts available. Farmers offers a variety of unique coverage options in addition to standard insurance coverages, including roadside assistance and guaranteed value coverage.

Farmers’ discounts vary by state, so you may need to contact your insurance agent to see what’s available. Farmers has excellent financial strength ratings, but the insurance provider was ranked below average in J.D. Power’s 2022 U.S. Insurance Shopping Study. The company also charges higher rates than the car insurance industry average.

Pros

  • Excellent financial strength ratings

  • Signal telematics program with CrashAssist

  • Ranked above average for claims satisfaction by J.D. Power

Cons

  • Below-average customer satisfaction ratings in the J.D. Power 2022 U.S. Insurance Shopping Study

  • Relatively expensive insurance premiums compared to the industry average

Allstate

Founded in 1931, Allstate is the third-largest auto insurer in the country, offering coverage in all 50 states. Allstate also offers homeowners insurance, renters insurance, business insurance, and more. In addition to standard coverages like property damage liability coverage, you can get roadside coverage, custom equipment coverage, and rental reimbursement from Allstate.

Allstate offers a variety of auto insurance discounts to policyholders. The company has excellent financial strength ratings but is ranked slightly below average for customer satisfaction by J.D. Power. Complaints with the NAIC were about average in 2020 given the company’s size, but customer service reviews on third-party sites were mixed.

Good for

  • Offers rideshare coverage

  • Drivewise telematics program rewards safe driving

  • Cheaper premiums than the industry average

Not the best option for

  • Below-average customer satisfaction ratings

  • Mixed customer service reviews

  • Ranked below average for claims satisfaction by J.D. Power

Allstate vs. Farmers — Ratings

Rating FactorFarmersAllstate
FitchWDA+
A.M. BestAA+
Moody’sBaa2Aa3
S&PAAA-
J.D. Power868870

The Best Car Insurance Companies in 2022

RankCompany NameAverage Monthly QuoteInsurify Composite Score
1Clearcover
Best Overall
$13597
2Nationwide
Best for Safe Drivers
$19989
3American Family
Best for Families with Teen Drivers
$23489
4Safeco
Best for Drivers with Poor Credit
$18686
5Farmers
Best for Rideshare Coverage
$23985
6Foremost
Best for Hassle-Free Claims
$15982
7Liberty Mutual
Best for Accident Forgiveness
$24182
8Mercury
Best for Face-to-Face Service
$23281
9Progressive
Best for Senior Drivers
$14780
10Travelers
Best for Young Drivers
$16380
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Farmers made our list of the best insurance companies for 2022 based on a variety of data. While Allstate didn’t make the list, it’s still a reputable insurance company, and its coverage offerings are cheaper on average than what Farmers offers.

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Compare Farmers vs. Allstate: Which Is Cheaper?

Allstate is cheaper than Farmers for all types of drivers. Drivers of all age groups and with all kinds of driving records paid cheaper rates on average at Allstate.

The Cheapest Car Insurance Companies in 2022

RankInsurance CompanyAverage Cost Per MonthICS
1USH&C$44Not Rated
2Metromile$63Not Rated
3Direct Auto$64Not Rated
4Travelers$6580
5Kemper$71Not Rated
6Progressive$87Not Rated
7Mile Auto$9185
8National General$9358
9Clearcover$9497
10GAINSCO$94Not Rated
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Neither Farmers nor Allstate was the cheapest company in 2022, but Allstate offers cheaper rates than the industry average. GEICO, State Farm, and USAA consistently offer cheaper premiums than Allstate, though.

Compare Farmers vs. Allstate Car Insurance by Age

Young drivers are viewed as a higher risk to insure by auto insurance companies because they are inexperienced. Research shows that teen drivers are more likely to crash than any other age group. Drivers in their 50s tend to pay the lowest rates. Here’s how Allstate’s insurance premiums vary from Farmers’ rates for each age group.

AgeFarmersAllstate
18$343$124
25$106$56
35$102$56
45$97$53
55$82$50
65$807$52
75$106$58
81$118$69
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate is cheaper than Farmers for all age groups, but the difference is especially significant for younger folks. Teen drivers at Farmers paid nearly three times what teen drivers at Allstate paid on average for car insurance.

Compare Farmers vs. Allstate Car Insurance by Gender

In most states, insurers will consider your gender as a factor when setting your car insurance rates. Women tend to pay just slightly less than men over their lives, with more significant differences occurring between what teen girls and boys pay. Here’s how Allstate and Farmers compare in terms of cost for men and women.

Insurance CompanyAvg. Monthly Car Insurance Quote for WomenAvg. Monthly Car Insurance Quote for Men
Farmers$106$108
Allstate$56$59
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate insurance offers cheaper average rates for both men and women than Farmers.

Which is cheapest for men?

GenderFarmersAllstateIndustry Average
Men$108$59$81
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate is cheaper than both Farmers and the industry average for men.

Which is cheapest for women?

GenderFarmersAllstateIndustry Average
Women$106$56$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate is cheaper than both Farmers and the industry average for women.

Compare Farmers vs. Allstate Car Insurance by Mileage

When you sign up for a car insurance policy, insurance companies will ask you for your estimated mileage. This can affect your rates. In addition, Farmers and Allstate each have telematics programs that could result in savings for low-mileage drivers. Both companies offer discounts or rewards for safe driving behavior as well.

After choosing an insurer, you can sign up for Signal or Drivewise to get additional savings. Here’s how Farmers compares to Allstate in terms of cost by mileage.

Which is cheapest for drivers with high mileage?

Annual MileageFarmersAllstateIndustry Average
15,000-20,000$106$56$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate is cheaper than Farmers and beats the industry average for high-mileage drivers.

Which is cheapest for drivers with low mileage?

Annual MileageFarmersAllstateIndustry Average
5,000$96$56$78
10,000$106$56$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate is cheaper than Farmers and beats the industry average for low-mileage drivers.

Compare Farmers vs. Allstate Car Insurance by Credit Score

In some states, like California, the law restricts insurers from basing your insurance rates on your credit score. But in most states, insurance companies review your credit-based insurance score when establishing your premiums. Drivers with poor credit tend to pay higher rates because of a correlation between bad credit and frequent claims filing.

Which is cheapest for good credit?

Credit TierFarmersAllstateIndustry Average
Excellent$68$48$60
Good$85$53$71
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Drivers with good or excellent credit pay cheaper premiums on average at Allstate than Farmers. Allstate’s rates also beat the industry average for good credit drivers.

Which is cheapest for bad credit?

Credit TierFarmersAllstateIndustry Average
Poor$135$66$120
Average$91$54$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate rates are cheaper than Farmers rates and are particularly generous for drivers with poor credit. Allstate premiums also beat the industry average.

Compare Farmers vs. Allstate Car Insurance by Driving Record

Your driving history illustrates how risky you are to insure. For example, if you have infractions like speeding tickets or DUIs on your record, your insurance company may think you’re not taking all the necessary safety precautions. Drivers who have previous violations tend to pay much higher rates than drivers with a clean record. Here’s what you can expect.

Which is cheapest for good drivers?

ViolationFarmersAllstateIndustry Average
Clean Record$91$54$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate offers affordable premiums to drivers with a clean record, beating both Farmers and the industry average.

Which is cheapest after a speeding ticket?

ViolationFarmersAllstateIndustry Average
Speeding Ticket$129$70$104
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Allstate offers cheaper average rates than Farmers to drivers who have been pulled over for speeding. Allstate also beats the industry average price.

Which is cheapest after an accident?

ViolationFarmersAllstateIndustry Average
At-Fault Accident$127$82$113
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Drivers who have caused accidents in the past are likely to find cheaper rates at Allstate than at Farmers, according to our data.

Which is cheapest after a DUI?

ViolationFarmersAllstateIndustry Average
DUI$133$102$155
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Farmers vs. Allstate Car Insurance: What discounts does each offer?

DiscountFarmersAllstate
Multi-policy
Multi-vehicle
New car
Good student
Student away
Driver training
Youthful driver
Defensive driver
Affinity
Autopay
Full pay
Paperless
Early signing
Homeowner
Safe driver
Antilock brakes
Anti-theft device
Safety device discounts

Our Methodology and How We Compared Farmers and Allstate

The car insurance quotes provided in Insurify’s insurance company comparison guides are based on the analysis of over 50 thousand insurance quotes from 500 ZIP codes nationwide. Insurify’s data science team performs a comprehensive analysis of factors car insurance providers weigh to calculate rates, including driver demographics, driving record, credit score, desired coverage level, and more to give representative samples.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating calculated by weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers a window into how insurance providers compare to one another in terms of both cost and quality.

Frequently Asked Questions: Farmers vs. Allstate

  • Allstate is cheaper than Farmers for all types of drivers. Drivers with good or bad credit, with a clean record or violations, and in each age group pay less on average at Allstate than Farmers. However, it’s still a good idea to check your individual premium by getting a free quote from Insurify. You’ll be able to choose your deductible to find an affordable policy.

  • Farmers car insurance is better than Allstate, based on a variety of data. However, Allstate is still a reputable company with excellent financial strength ratings offering a variety of insurance products and coverages. Allstate also consistently offers cheaper rates than Farmers and may be a better choice for your budget.

  • This insurance review will guide you in comparing Farmers and Allstate based on a variety of factors, but the easiest way to is to use Insurify to compare car insurance quotes from multiple insurers in one place. You might find that GEICO or State Farm can offer you cheaper rates than Allstate or Farmers.

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Lindsay Frankel
Lindsay Frankel

Content Writer at Insurify

Lindsay Frankel is a content writer specializing in personal finance and auto insurance topics. Her work has been featured in publications such as LendingTree, The Balance, Coverage.com, Bankrate, NextAdvisor, and FinanceBuzz.

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