Allstate and Farmers are major carriers to consider when shopping for a new car insurance policy. Continue reading for a comparison of coverage, price, discounts, and more. For additional information about these two reputable companies, check out our reviews on Allstate and Farmers.
Both Allstate and Farmers provide reliable coverage for common types of car insurance:
Additional coverage from Farmers and Allstate may be available as add-ons to basic coverage in some states.
Allstate offers an uncommon add-on: sound system insurance. If your custom audio equipment is stolen or damaged, Allstate will cover the loss.
Allstate often charges higher rates than other major insurers. According to The Zebra, the average monthly premium from Allstate is $170. With Farmers, the average policy costs $131 per month. It is important to understand that in addition to your driving record, factors such as age, gender, marital status, geographic location, and credit history will influence the overall cost of your policy.
This table compares average annual premiums between Farmers and Allstate by age tier.
| Age Group | Farmers | Allstate |
| Teens | $6,518 | $6,442 |
| 20s | $2,020 | $2,636 |
| 30s | $2,020 | $1,920 |
| 40s | $1,511 | $1,912 |
| 50s | $1,507 | $1,893 |
| 60s | $1,402 | $1,768 |
Source: The Zebra
One of the easiest discounts you can obtain from any provider is bundling your auto insurance with your home, renters, boat, motorcycle, or another insurance policy. Allstate and Farmers offer multi-policy and multi-vehicle bundling options.
Policyholders with Farmers and Allstate may benefit from an array of auto insurance discounts and perks:
Farmers offers a discount on coverage for alternative-fuel vehicles. If you choose Allstate, be sure to ask about discounts for upfront pay-in-full premiums.
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Allstate has two telematics programs that give policyholders another way to save money. Participation in Drivewise and Milewise can produce savings based on driving habits and statistics.
Drivewise gives drivers with good driving habits the opportunity to lower their premium by up to 30% when the policy is due for renewal. The system uses the driver’s cellphone to monitor driving behavior, including the vehicle’s speed, sudden braking, and driving hours. Milewise monitors the distance driven, which might be a beneficial option for drivers who use multiple vehicles, have short commutes, or who rarely use their car.
The telematics offering from Farmers is Signal, which uses a mobile app to monitor distracted driving and records behavioral patterns. Users have the potential to save 15% off their Farmers policy.
Allstate and Farmers both provide quality coverage for your automobile. Like most auto insurance carriers, the companies get mixed reviews from consumers. Some praise Allstate for its claims response and face criticism from others for the same topics.
Still, in a J.D. Power’s 2021 U.S. Auto Claims Satisfaction Study, Allstate ranked with a score of 870 out of 1,000 for customer satisfaction. That’s below the industry average of 880. Farmers received an above-average score of 893 in the same study.
Farmers and Allstate received ratings from A.M. Best and S&P. Both companies receive “excellent” financial strength scores, according to The Zebra. These assessments indicate the companies have the ability to pay any claims.
To find out which individual policy and plan is best for you, contact the companies and evaluate your coverage needs and rates.
There are many factors to consider if you’re choosing between Allstate and Farmers for auto insurance coverage. Allstate has thousands of agents throughout the country, giving policyholders the opportunity for personalized one-on-one service. However, customers with Farmers file fewer than average complaints about their service.
When deciding on an insurance provider, make sure to thoroughly research and pick the company and coverage levels that best fit your requirements. It’s crucial that you request a quote from several carriers and understand what is covered before signing a new insurance policy.
