Allstate vs. State Farm: Best Auto Insurance for 2024
When comparing auto insurance companies like Allstate vs. State Farm it's good to analyze several factors. Allstate insurance tends to be more well-reviewed by companies such as A.M. Best and the Better Business Bureau. But both State Farm and Allstate offer a plethora of discounts. Finally, State Farm auto insurance rates are about $1,600 cheaper per year than Allstate.
- State Farm offers more affordable pricing than Allstate
- Both companies offer a wide array of discounts
- Allstate has better reviews than State Farm
Are you looking for your next insurer? Finding the right insurance provider is a complicated process. We’re going to focus only on Allstate vs. State Farm auto insurance to make it easier.
If you’d like to learn more about Allstate, be sure to read our Allstate Auto Insurance Review for 2020.
So, Allstate or State Farm, which company is best in 2021? Let’s go ahead and find out together. Type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area.
Allstate vs. State Farm: Which is cheaper?
When you start the process of insurance comparison, you probably want to start with something that’s really important to you: price.
So, Allstate or State Farm, who has the best auto insurance coverage rates?
Let’s take a look at a table that will show the average annual auto insurance rates for not only Allstate and State Farm, but all of the main insurance companies.
| Company | Average Annual Rates |
|---|---|
| USAA | $2,539.87 |
| Geico | $3,213.97 |
| State Farm | $3,269.80 |
| American Family | $3,544.37 |
| Nationwide | $3,449.80 |
| Progressive | $4,018.46 |
| Farmers | $4,166.22 |
| Travelers | $4,462.02 |
| Allstate | $4,896.81 |
| Liberty Mutual | $6,058.57 |
As you can see, Allstate is cheaper than only one company: Liberty Mutual. State Farm, however, is cheaper than American Family, Nationwide, Progressive, Farmers, Travelers, Allstate, and Liberty Mutual.
It’s safe to say that State Farm wins in terms of pricing. If you’d like to learn more about State Farm, be sure to read our article State Farm Auto Insurance Review for 2020.
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Allstate vs. State Farm: Which has better discounts?
If we stress anything to you, let it be this: discounts are important. Accrue as many as you can that are applicable to your life’s circumstances. There are a wide array of discounts, many of which will be shown in the next table. This table shows the discounts offered by Allstate:
| Discounts | Allstate |
|---|---|
| Adaptive Cruise Control | |
| Adaptive Headlights | |
| Anti-lock Brakes | x |
| Anti-Theft | x |
| Claim Free | x |
| Continuous Coverage | x |
| Daytime Running Lights | x |
| Defensive Driver | x |
| Distant Student | x |
| Driver's Ed | x |
| Driving Device/App | x |
| Early Signing | x |
| Electronic Stability Control | x |
| Emergency Deployment | |
| Engaged Couple | |
| Family Legacy | |
| Family Plan | |
| Farm Vehicle | x |
| Fast 5 | |
| Federal Employee | |
| Forward Collision Warning | |
| Full Payment | x |
| Further Education | |
| Garaging/Storing | |
| Good Credit | |
| Good Student | x |
| Green Vehicle | x |
| Homeowner | |
| Lane Departure Warning | |
| Life Insurance | x |
| Low Mileage | x |
| Loyalty | |
| Married | |
| Membership/Group | |
| Military | x |
| Military Garaging | |
| Multiple Drivers | |
| Multiple Policies | x |
| Multiple Vehicles | |
| New Address | |
| New Customer/New Plan | |
| New Graduate | |
| Newer Vehicle | x |
| Newly Licensed | |
| Newlyweds | |
| Non-Smoker/Non-Drinker | |
| Occasional Operator | |
| Occupation | x |
| On Time Payments | x |
| Online Shopper | |
| Paperless Documents | x |
| Paperless/Auto Billing | x |
| Passive Restraint | x |
| Recent Retirees | |
| Renter | |
| Roadside Assistance | |
| Safe Driver | x |
| Seat Belt Use | |
| Senior Driver | x |
| Stable Residence | |
| Students & Alumni | |
| Switching Provider | |
| Utility Vehicle | x |
| Vehicle Recovery | x |
| VIN Etching | |
| Volunteer | |
| Young Driver | |
| Discounts Provided # | 29 |
As you can see, of the 67 discounts listed, Allstate offers 29. What discounts does State Farm offer?
| Discounts | State Farm Discount Percentage |
|---|---|
| Anti-lock Brakes | 5% |
| Anti-Theft | 15% |
| Claim Free | 15% |
| Defensive Driver | 5% |
| Driver's Ed | 15% |
| Driving Device/App | 50% |
| Good Student | 25% |
| Homeowner | 3% |
| Low Mileage | 30% |
| Multiple Policies | 17% |
| Multiple Vehicles | 20% |
| Newer Vehicle | 40% |
| Paperless/Auto Billing | $2 |
| Passive Restraint | 40% |
| Safe Driver | 15% |
| Vehicle Recovery | 5% |
This table was a little different but still goes to show that State Farm, not unlike Allstate insurance, offers a wide array of discounts.
These range from having safety features in your vehicle (an increasingly common occurrence), to being a defensive driver, to owning multiple vehicles. In short, you have options.
What’s even better about these discounts is a lot of them are as simple as typing your Allstate insurance login or State Farm login into their respective apps.
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Allstate vs. State Farm: Which is available in more states?
When you compare auto insurance policy prices, some companies will pop up in the tool more frequently than others. This is because companies like Allstate and State Farm have spent years in the business building goodwill and expanding.
So, how many states is Allstate currently writing in? It turns out, every last one.
How about State Farm? Well, Allstate is going to win this one because State Farm does not write in Massachusetts, New York, and Wisconsin.
Allstate vs. State Farm: Which has better reviews?
One last thing to look for when you are comparing companies is their ratings from companies like A.M. Best and the Better Business Bureau (BBB).
A.M. Best’s rating system is taken extremely seriously by insurers because it can either ward off or attract customers. Better yet are their Long-Term Issuer Credit Ratings. These exist to instill confidence in regard to the companies’ futures.
A.M. Best’s rating system ranges from A++ down to D. Currently, Allstate has a rating of A+ (Superior) from A.M. Best. State Farm, however, has a rating of A (Excellent). So, while State Farm insurance is rated lower, it’s still pretty close.
As far as Long-Term Issuer Credit Rating goes, State Farm received the highest rating possible of a++. Allstate, however, has recently been demoted from aa to aa-. Because the credit ratings are under review, we can assume that there may be another rating demotion in the future. A clear win for State Farm.
The BBB gave Allstate a rating of A+, which is their highest rating. With that being said, Allstate is not accredited as of this time.
How about State Farm? The BBB gave the also unaccredited State Farm a rating of A. So, in terms of company ratings, Allstate wins.
Before making any final decisions on your insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage options do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”
Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your ZIP code and we’ll do the rest!
Hopefully, we have helped you today. But, don’t stop at this comparison. Type your ZIP code into our free and helpful tool below to find and compare auto insurance companies‘ quotes in your area. It’s certainly easier than calling up the Allstate claims department or Jake from State Farm.