Farmers vs. State Farm: Best Auto Insurance for 2021
When comparing Farmers vs. State Farm auto insurance, State Farm is the cheapest and has the best financial and customer satisfaction ratings. On the other hand, Farmers insurance is the cheapest if you have bad credit. Compare Farmers vs. State Farm discounts when deciding which company can offer you the cheapest rates.
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UPDATED: Apr 29, 2021
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- Farmers auto insurance is more expensive on average than State Farm
- State Farm has a higher financial rating than Farmers
- Both companies offer numerous discounts to help lower your rates
You have a lot of options when it comes to automobile insurance, and comparing them side by side will help you narrow down your options. We’ll look at Farmers vs. State Farm auto insurance companies to see which one fits your needs best.
To see if either is right for you, compare rates, discounts, financial ratings, and customer satisfaction ratings. Consider the pros and cons of Farmers and State Farm before you make a decision.
You don’t have to choose between just Farmers vs. State Farm to find the best company. Enter your ZIP code to get free auto insurance quotes from multiple companies in your area.
Is Farmers auto insurance or State Farm auto insurance cheaper?
Many different factors are used to calculate your auto insurance rates. Your age, gender, marital status, driving record, and credit history all play a part in your rates.
These are just some of the factors that will be used to determine how affordable Farmers vs. State Farm auto insurance is for you. Each driver’s rate will be different.
First, let’s look at the Farmers vs. State Farm auto insurance rates based on your age, gender, and marital status. It’s no surprise that younger drivers pay for car insurance, but you might not know how much age really affects rates.
|Age, Gender, and Marital Status||Farmers Average Annual Rates||State Farm Average Annual Rates|
|Single 17-year-old female||$8,666.24||$4,875.91|
|Single 17-year-old male||$9,202.06||$6,130.77|
|Single 25-year-old female||$2,672.81||$1,979.45|
|Single 25-year old male||$2,791.21||$2,176.45|
|Married 35-year-old female||$2,316.82||$1,734.93|
|Married 35-year-old male||$2,306.44||$1,734.93|
|Married 60-year-old female||$2,117.42||$1,558.06|
|Married 60-year-old male||$2,179.61||$1,558.06|
State Farm is less expensive than Farmers for all ages, but younger drivers will save thousands by choosing State Farm over Farmers.
Your driving record is one of the more important factors looked at when calculating your auto insurance rates. Accidents, tickets, and DUIs will raise your rates significantly.
This table shows you the Farmers vs. State Farm auto insurance rates based on driving record.
|Driving Record||Farmers Average Annual Rates||State Farm Average Annual Rates|
|With 1 accident||$4,518.73||$3,396.01|
|With 1 DUI||$4,718.75||$3,636.80|
|With 1 speeding violation||$4,079.01||$3,186.01|
Farmers is once again much more expensive than State Farm for all driving records.
One factor that car insurance companies look at that isn’t as obvious is your credit score. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and are more able to pay for losses out of pocket.
|Credit History||Farmers Average Annual Rates||State Farm Average Annual Rates|
State Farm is the cheaper option unless you have bad credit. Farmers insurance is cheaper than State Farm for drivers with low credit scores.
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Farmers or State Farm: Which has better auto insurance discounts?
Car insurance discounts can save you a lot of money on your insurance, especially if you bundle them. Most companies offer common discounts such as multi-vehicle and safe driver discounts.
The available discounts from Farmers and State Farm are listed in the table below, including the discount amount if known. Check out which company can save you the most with discounts.
|Auto Insurance Discounts||Farmers (%)||State Farm (%)|
|Daytime Running Lights||x||N/A|
|Electronic Stability Control||x||N/A|
Although both companies have many of the same discounts, there are some differences. For example, Farmers offers a continuous coverage discount and State Farm doesn’t not. On the other hand, State Farm offers a discount for being married and Farmers doesn’t.
Ask for all discounts you are eligible for when it comes time to compare Farmers vs. State Farm auto insurance quotes.
How do Farmers and State Farm compare for financial strength and customer satisfaction?
A.M. Best rates a company’s financial health on how well it can satisfy its financial obligations. Farmers earned an A rating, indicating that it has an excellent ability to meet financial obligations. State Farm earned an A+ rating, indicating that it has a superior ability to meet obligations.
When it comes to the Better Business Bureau (BBB), Farmers is accredited and received an A+ rating. State Farm received an A and isn’t accredited.
J.D. Power rated Farmers and State Farm on consumer satisfaction, including costs, billing, claims, and what they sell. Farmers received an average rating, while State Farm received an above-average rating.
Both companies offer websites and mobile apps that allow customers to access their accounts at any time. Each company offers other products and services such as roadside assistance. You can even compare Farmers vs. State Farm homeowners insurance or life insurance as well.
Deciding to buy Farmers vs. State Farm auto insurance can be difficult. Compare the rates, discounts, and ratings of each company to see who can offer you the cheapest coverage.
The good news is that you don’t just have to decide between Farmers vs. State Farm auto insurance. Enter your ZIP code now to compare quotes from multiple companies for free.