Which insurance company is right for you? Compare premiums, discounts and quotes from Allstate and Farmers.
Founded in 1931, Allstate is the nation’s largest publicly held personal lines insurer. It was founded by former Sears, Roebuck & Co President and Board Chairman, General Robert E. Wood, who initially sold policies through the mail, an innovative business move. The name Allstate was taken from a tire sold in the Sears catalog and the first sales location was in a Chicago Sears store. The first claim paid was to a man who showed up at the office holding a car door handle in his hand after an attempted car theft.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
Below is a list of the average rates that drivers typically pay with Allstate and Farmers. On average, Allstate charges approximately $223.60 per month while Farmers comes in at around $264.40 per month. For Allstate, the cheapest state average is North Carolina at $109.18 per month and the most expensive is Michigan at $691.78 per month. For Farmers, the cheapest state average is North Dakota at $112.50 per month and the most expensive is Michigan at $712.11 per month.
|District of Columbia||$262.80||-|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Allstate and Farmers typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Allstate||Farmers|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Allstate charges $225.48 per month and Farmers charges $258.87 per month for customers who own their home.
Which car insurance company is the best? Compare ratings for Allstate and Farmers. Both companies have excellent financial strength. Allstate received an A- from the Better Business Bureau (BBB) compared with a B+ for Farmers insurance. At 0.8, Farmers, on the other hand, has a slightly lower complaint ratio according to the NAIC Complaint Index.
|A.M. Best Rating||A-|
|JD Power Ranking||About Average||About Average|
|NAIC Complaint Index||1.03||0.8|
What coverage is available through Allstate and Farmers? Both insurance carriers offer Auto, Business, Home, Life and Motorcycle coverage to their policyholders. Allstate also offers Renters insurance and more. Farmers and Allstate both offer Recreational Vehicle, Watercraft and Umbrella Insurance. A full list of coverage is listed below.
|Recreational Vehicle Insurance||✔||✔|
|Roadside Assistance Coverage||✔||✔|
Who doesn't like saving money on their car insurance? With Allstate and Farmers, there are numerous opportunities to save. Below is a list of auto insurance discounts that the two companies offer. See if you qualify.
|Allstate eSmart Discount||Alternative Fuel Discount|
|Anti-Lock Brake Discount||Distant Student|
|Anti-Theft Device Discount||Electronic Funds Transfer (EFT) Discount|
|Deductible Rewards||Good Student|
|Early Signing Discount||Homeowner Discount|
|EZ Pay Plan Discount||Multi-Car Discount|
|FullPay Discount||Multi-Policy Discount|
|Multiple Policy Discount||Occupational Discount|
|New Car Discount||Pay-in-Full Discount|
|Responsible Payer Discount||Teen Driver Discount|
|Safe Driving Bonus||Transfer Discount|
|Smart Student Discount|
The Allstate Mobile app is available for iOS and Android. It offers instant agent access, digital ID cards, the ability to see policy documents, choose modes of communication and manage claims with the option of uploading photos of damage after an accident. Drivewise measures safe driving behavior and can earn customers discounts. The app also features an Escape Route that creates a safe path to exit a fire.
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
|Allstate Mobile App|
|iOS||4.8||238K user reviews|
|Android||4.4||28K user reviews|
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|Allstate Contact Info|
|Address||P.O. Box 660598, Dallas, TX 75266-0598|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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