Allstate vs. Farmers Insurance

Which insurance company is right for you? Compare premiums, discounts and quotes from Allstate and Farmers.

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Allstate vs. Farmers: What You Need to Know

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 average rates, rankings, products and discounts for the two companies. For full company overviews, you can visit Allstate Overview and Farmers Overview.

Allstate vs. Farmers: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Allstate and Farmers. On average, Allstate charges approximately $218.76 per month while Farmers comes in at around $257.49 per month. For Allstate, the cheapest state average is North Carolina at $109.03 per month and the most expensive is Michigan at $675.09 per month. For Farmers, the cheapest state average is North Dakota at $116.11 per month and the most expensive is Michigan at $686.96 per month.

Allstate

Average Rate

$218.76
Farmers

Average Rate

$257.49
National

Average Rate

$117.28
State Allstate Farmers
Alabama $135.46 $183.12
Alaska $155.95 -
Arizona $244.97 $273.21
Arkansas $190.81 $185.09
California $175.09 $254.32
Colorado $158.58 $294.19
Connecticut $259.47 -
Delaware $239.34 -
District of Columbia $267.12 -
Florida $222.75 -
Georgia $184.79 -
Hawaii $122.87 -
Idaho $135.07 $118.99
Illinois $219.16 $207.03
Indiana $150.40 $142.44
Iowa $138.00 $135.48
Kansas $185.79 $205.72
Kentucky $224.00 -
Louisiana $282.93 -
Maine $115.22 -
Maryland $220.05 -
Massachusetts $180.65 -
Michigan $675.09 $686.96
Minnesota $176.93 $157.33
Mississippi $319.76 -
Missouri $131.54 $191.55
Montana $202.83 $202.19
Nebraska $144.31 $177.09
Nevada $279.20 $299.58
New Hampshire $171.89 -
New Jersey $221.47 -
New Mexico $190.96 $223.13
New York $264.71 -
North Carolina $109.03 -
North Dakota $181.68 $116.11
Ohio $138.48 $146.64
Oklahoma $166.38 $159.46
Oregon $169.65 $163.76
Pennsylvania $185.25 -
Rhode Island $257.07 -
South Carolina $137.26 -
South Dakota $189.09 $117.28
Tennessee $164.34 $155.58
Texas $247.72 -
Utah $173.14 $204.58
Vermont $152.89 -
Virginia $186.02 -
Washington $159.66 $150.96
West Virginia $189.91 -
Wisconsin $149.34 $174.10
Wyoming $230.12 $206.23

Allstate vs. Farmers: Rates by Number of Vehicle

Home

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
1 Vehicle $203.99 $240.32
2 Vehicles $281.88 $318.50
3 Vehicles $365.78 $

Allstate vs. Farmers: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Allstate charges $219.46 per month and Farmers charges $254.05 per month for customers who own their home.

Own/Rent Allstate Farmers
Own $219.46 $254.05
Rent $218.33 $259.73

What Are Allstate and Farmers Insurance's Ratings?

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.

ComparisonAllstateFarmers
Year Founded19311928
Market Share4.9%3%
A.M. Best RatingA-
BBB RatingA-A+
Financial StrengthExcellentExcellent
JD Power RankingAbout AverageAbout Average
Moody’s RatingAa3A2
NAIC Complaint Index1.030.8
S&P RatingAA-A

Allstate or Farmers: Insurance Products Offered

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.

InsuranceAllstateFarmers
Auto Insurance
Business Insurance
Condo Insurance
Home Insurance
Landlord Insurance
Life Insurance
Motorcycle Insurance
Recreational Vehicle Insurance
Renters Insurance
Roadside Assistance Coverage
RV Insurance
Umbrella Insurance
Watercraft Insurance

Allstate or Farmers: Ways to Save

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.

AllstateFarmers
Allstate eSmart DiscountAlternative Fuel Discount
Anti-Lock Brake DiscountDistant Student
Anti-Theft Device DiscountElectronic Funds Transfer (EFT) Discount
Deductible RewardsGood Student
Early Signing DiscountHomeowner Discount
EZ Pay Plan DiscountMulti-Car Discount
FullPay DiscountMulti-Policy Discount
Multiple Policy DiscountOccupational Discount
New Car DiscountPay-in-Full Discount
Responsible Payer DiscountTeen Driver Discount
Safe Driving BonusTransfer Discount
Smart Student Discount

Pros & Cons of Allstate & Farmers

Pros

Allstate
  • Allstate is the third-largest auto insurer in the U.S and offers insurance in all states.
  • There are more than 19,000 independent contractor agents across the country so it’s easy to find an agent in your area.
  • Allstate offers a range of insurance packages that can be customized.
  • The Allstate app is very helpful for managing your account.
Farmers
  • Financial strength
  • Great employee education and customer service.

Cons

Allstate
  • Allstate does not offer rideshare insurance for Uber and Lyft drivers.
Farmers
  • Steep early-cancellation fees.

Allstate or Farmers Mobile Apps Options

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     4.8238K user reviews
Android     4.428K user reviews
Farmers Mobile App
iOS     4.83K user reviews
Android     43K user reviews

Allstate & Farmers Contact Info

Allstate Contact Info
AddressP.O. Box 660598, Dallas, TX 75266-0598
Phone1-877-810-2920
Websitehttps://www.allstate.com
Facebookhttps://www.facebook.com/allstate
Twitterhttps://twitter.com/allstate
Youtubehttps://www.youtube.com/allstate
Linkedinhttps://www.linkedin.com/company/allstate/
Farmers Contact Info
Address6301 Owensmouth Avenue, Woodland Hills, CA 91367
Phone1 (800) 974-6755
Websitehttps://www.Farmers.com
Facebookhttps://www.facebook.com/FarmersInsurance/
Twitterhttps://twitter.com/WeAreFarmers
Youtubehttps://www.youtube.com/farmersinsurance
Linkedinhttps://www.linkedin.com/company/farmers-insurance/

Methodology
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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