Allstate vs. State Farm Auto Insurance: Which should you buy in 2024?
Our Allstate vs. State Farm auto insurance guide will help you choose between two companies with a steady history of financial strength. We look at rates for both companies based on age, driving record, and credit score. State Farm has cheaper rates overall, but Allstate has discounts to offset its expensive auto insurance rates.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Aug 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm auto insurance is much cheaper than Allstate auto insurance
- You can save on State Farm or Allstate auto insurance quotes if you bundle insurance
- Allstate insurance is more expensive, but it has more discounts than State Farm insurance
You’ve narrowed your auto insurance shopping list to Allstate and State Farm. Therefore, you’ll need more information about both companies before making your final decision.
Our Allstate vs. State Farm auto insurance guide explains everything you need to know about Allstate vs. State Farm auto insurance quotes. We’ll also talk about auto insurance coverages, products, third-party ratings, and other highlights.
Comparing auto insurance companies is important, but why stop at Allstate vs. State Farm auto insurance. Use our free comparison tool to compare rates from the best companies in your area.
Allstate vs. State Farm Auto Insurance: Which company is the cheapest?
When comparing auto insurance companies, one of the frequently asked questions is, “which insurance company has the cheapest prices?”
Before going into Allstate vs. State Farm auto insurance rates, check out this comparison summary to see how Allstate and State Farm compare.
Allstate vs. State Farm Auto Insurance Summary
| Summary | Allstate Auto Insurance Stats | State Farm Auto Insurance Stats |
|---|---|---|
| Year Founded | 1931 | 1922 |
| Headquarters | 3075 Sanders Road Northbrook, IL 60062-7127 | One State Farm Plaza Bloomington, IL 61710 |
| Phone Number | 1-877-366-1607 | 1-800-782-8332 |
| Website | https://www.allstate.com/ | https://www.statefarm.com/ |
| Direct Premiums | $23.8 Billion | $41.1 Billion |
| Market Share | 9% | 16% |
| National Average Auto Insurance | $407 | $272 |
State Farm has a bigger market share and earns over $10 billion more than Allstate. In addition to market share, you’ll likely pay more for Allstate auto insurance rates.
Read our State Farm auto insurance review if you want a comprehensive look at State Farm.
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Which is the cheapest by driving record?
Your driving record is the best way to save your auto insurance policy money. Auto insurance providers reward good drivers with lower prices on their insurance premiums.
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Therefore, a clean driving record can secure cheap Allstate and State Farm car insurance.
Let’s compare both companies to see which company has cheaper rates by driving record.
Allstate vs. State Farm Monthly Auto Insurance Rates by Driving Record
| Driving Record Summary | Allstate Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Clean Driving Record | $318 | $235 |
| With 1 Speeding Violation | $374 | $266 |
| With 1 Accident | $416 | $283 |
| With 1 DUI | $522 | $303 |
State Farm car insurance based on a driver’s overall driving history is much cheaper than Allstate car insurance. Any traffic violation on your driving record will remain on your driving record for three years.
Meanwhile, DUIs linger on your driving history for ten years or more. It all depends on your state.
Which is the cheapest by credit score?
Did you know your credit score can affect your auto insurance rates? According to Experian, car insurance companies issue cheaper premiums to consumers who have an excellent or good credit history.
Good credit correlates to low risk, but fair and poor credit correlates to a higher risk to file a claim.
So how do Allstate vs. State Farm auto insurance rates compare regarding credit-based auto insurance? Let’s examine those monthly rates below.
Allstate vs. State Farm Monthly Auto Insurance Rates by Credit Score
| Credit Score Summary | Allstate Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $322 | $181 |
| Fair Credit Score (580-669) | $382 | $238 |
| Poor Credit Score (300-579) | $541 | $413 |
Auto insurance rates are significantly less expensive for both companies. However, State Farm is still cheaper than Allstate.
Poor credit-based car insurance produces the most expensive rates. If you can tackle any small debts, you can improve your credit over time.
Once your credit score improves, alert your auto insurance provider so you can secure cheaper rates.
Which is cheapest by age, gender, and marital status?
In some places in the United States, gender-based types of insurance have been outlawed. This means that auto insurance companies can’t determine insurance based on gender.
Most states allow gender-based auto insurance, but auto insurance companies everywhere will determine your policy’s price by age and marital status.
For this type of coverage, let’s examine Allstate Insurance and State Farm Insurance’s cost based on age, gender, and marital status.
Allstate vs. State Farm Monthly Auto Insurance Rates by Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Allstate Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Married 60-year-old female | $243 | $156 |
| Married 60-year-old male | $249 | $156 |
| Married 35-year-old male | $260 | $173 |
| Married 35-year-old female | $263 | $173 |
| Single 25-year-old female | $285 | $195 |
| Single 25-year-old male | $298 | $213 |
| Single 17-year-old female | $774 | $496 |
| Single 17-year-old male | $887 | $610 |
Allstate auto insurance is more affordable when considering age, gender, and marital status, but State Farm auto insurance is still less expensive. You could save more per year when you add other factors into it.
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Which is cheapest by commute mileage?
Another way you can save money on auto insurance is by driving less. So, which company offers cheaper rates when you drive your vehicle less than average?
Check out the Allstate vs. State Farm car insurance rates below and compare costs based on commute mileage.
Allstate vs. State Farm Monthly Auto Insurance Rates by Commute Mileage
| Estimated Commute Mileage | Allstate Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| 10 Miles Commute (6,000 miles/yr) | $403 | $265 |
| 25 Miles Commute (12,000 miles/yr) | $411 | $279 |
Both companies provide less expensive premiums when you drive less, but Allstate auto insurance is more costly regardless of the estimated miles traveled.
If you’re concerned about how factors affect your car insurance, start asking about discounts.
Allstate vs. State Farm Auto Insurance: Which company has more coverage options?
A substantial monthly budget can open doors to many coverage opportunities you might need. You’ll need more than liability car insurance if you have a relatively new vehicle.
Car insurance companies with various coverage options can ensure reliable service despite your situation. Let’s compare Allstate vs. State Farm car insurance coverages to see which company has more.
Allstate vs. State Farm Auto Insurance Coverages
| Allstate Auto Insurance Coverages | State Farm Auto Insurance Coverages |
|---|---|
| Collision coverage | Collision Coverage |
| Comprehensive coverage | Comprehensive Coverage |
| Bodily Injury Liability | Liability Coverage |
| Property Damage Liability | Car Rental and Travel Expenses Coverage |
| Uninsured & Underinsured Motorist Coverage | Uninsured Motorist Coverage |
| Rental Reimbursement Coverage | Underinsured Motorist Coverage |
| Personal Umbrella Policy | Medical Payments Coverage |
| Personal Injury Protection | Emergency Roadside Assistance |
| Sound System Insurance | Rideshare Driver Coverage |
| Roadside Assistance | |
| Classic Auto Insurance | |
| Travel Auto Insurance to Mexico |
State Farm may be cheaper, but Allstate has them beat. You have more options as an Allstate policyholder, which may account for the price of Allstate’s policy costs.
Does it make Allstate a better company? That depends on your perspective. Continue reading to learn a little more.
Which company has more insurance products?
After buying Allstate or State Farm auto insurance, you can use the companies’ online service to monitor your policy. You can even use My Allstate login or a State Farm login to check other insurance company policies.
So which company has more insurance products? Let’s compare Allstate and State Farm’s insurance services to see which company has more.
Comparing Allstate vs. State Farm Insurance Products
| Insurance Types | Allstate Availability | State Farm Availability |
|---|---|---|
| Boat Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Life Insurance | ✔ | ✔ |
| Homeowners Insurance | ✔ | ✔ |
| Travel Trailer Insurance | ✔ | ✘ |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✘ |
| Motorcycle Insurance | ✔ | ✔ |
| Mobile Home Insurance | ✔ | ✔ |
Once again, Allstate has more it can provide. Although most people don’t have an RV, travel insurance is one of the most convenient policies you can add to your policy.
Adding another insurance product to your overall policy is known as bundling, and it can save you up to 12 percent on your insurance bill. For the moment, Allstate has more bundling opportunities than State Farm.
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Allstate vs. State Farm Auto Insurance: Who has more discounts?
Discounts are the bread and butter of cheap car insurance. The more discounts you can add to your policy, the less expensive your auto insurance will be per month.
Here’s a comparison between Allstate and State Farm, which shows which company has more discounts.
Comparing Allstate vs. State Farm Discounts
| Auto Insurance Discount Name | Allstate Discount Values | State Farm Discount Values |
|---|---|---|
| Accident Forgiveness | 30% | N/A |
| Accident-Free Discount | N/A | 15% |
| Anti-lock Brake Discount | 10% | 20% |
| Anti-Theft Device Discount | 10% | 15% |
| Claims Free Renewal Discount | N/A | Varies |
| Daytime Running Lights Discount | N/A | Varies |
| Deductible discount | Varies | N/A |
| Defensive Driver Discount | 20% | 5% |
| Driving Habits Discount | N/A | 30% |
| Driving training discount | Varies | Varies |
| Early Quote Discount | 10% | N/A |
| E-billing Discount | 10% | N/A |
| EV/Hybrid Discount | 10% | N/A |
| Family Discount | Varies | N/A |
| Farm Vehicle Discount | 10% | N/A |
| Good Credit Discount | N/A | 80% |
| Good Driver Discount | 10% | 25% |
| Good Payer Discount | 5% | N/A |
| Good Student Discount | 10% | 25% |
| Home Owner Discount | N/A | Varies |
| Low Mileage Discount | 10% | 10% |
| Loyalty Discount | N/A | Varies |
| Mature driver discount | N/A | Varies |
| Military Discount | N/A | Varies |
| Multiple Policy Discount | 10% | 17% |
| Multiple Vehicle Discount | 10% | 20% |
| New Car Discount | 15% | 40% |
| Paid in full discount | 10% | N/A |
| Paperless documents discount | Varies | N/A |
| Passive Restraint Discount | 10% | 40% |
| Preferred payment discount | 5% | N/A |
| Prepay Discount | 10% | N/A |
| Senior Adult Discount | 5% | Varies |
| Student Away at School Discount | 5% | Varies |
| teenSMART Discount | 35% | 15% |
| Travelink Discount | N/A | Varies |
| Utility Vehicle Discount | Varies | N/A |
Although State Farm car insurance is cheaper, Allstate has more discounts. This means you’ll have more options to save money on auto insurance.
Which company has the better financial strength and customer satisfaction ratings?
Financial strength and customer review ratings show a company’s reliability reputation.
Customer satisfaction reveals how consumers feel about a provider’s service. Meanwhile, financial strength shows customers how well the company manages money.
Several agencies across the United States grade insurance companies every year. Let’s review the ratings from the top agencies in the country.
Allstate vs. State Farm Financial Strength and Customer Review Ratings
| Agencies | Allstate Ratings | State Farm Ratings |
|---|---|---|
| AM Best | A+ (Excellent) | A++ (Superior) |
| Better Business Bureau (BBB) | A+ | A+ |
| Moody's | A3 (Good) | Aa1 (Excellent) |
| S&P | AA- (Very Good) | AA (Excellent) |
| NAIC Complaint Index | 0.41 | 0.98 |
| J.D. Power - Power Circle Ratings | About Average | Better Than Most |
| Consumer Reports | 88 | 89 |
According to the AM Best rating scale, State Farm has a stronger financial strength rating.
Both companies have the same rating under the BBB, but Allstate has come up short on S&P and Moody’s ratings.
The last three agencies in the table show the customer review ratings. The National Association of Insurance Commissioners (NAIC) reports a higher rate of complaints at State Farm.
J.D. Power’s auto insurance study says that State Farm had a better year than Allstate, and the reviews at Consumer Reports agree.
Allstate vs. State Farm Auto Insurance: Advantages and Disadvantages
Before we close out the article, let’s look at a few highlights from Allstate and State Farm.
Comparing Allstate and State Farm Pros & Cons
| Allstate Pros | Allstate Cons | State Farm Pros | State Farm Cons |
|---|---|---|---|
| Lots of discounts that are easy to qualify for | Above average pricing in most states | Easy to file a claim | Cost is higher for customers with poor credit |
| Cutting edge programs like pay-per-mile and rideshare coverage | Not all programs are offered in all states | Cheap auto insurance rates | Has fewer discounts than most competitors |
| Local agent service plus easy web and mobile access | Online quoting will lead to agent solicitation by phone | Good financial strength ratings | |
| Solid financial ratings | Consumer satisfaction ratings are below average | Excellent customer review ratings |
Did we miss something? Auto insurance needs vary for each person, so you may see the Allstate vs. State Farm car insurance comparison differently than someone else.
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Allstate vs. State Farm Auto Insurance: The Bottom Line
State Farm has more affordable life insurance rates than Allstate, but Allstate has more coverage options, discounts, and insurance products.
State Farm manages money better and has better customer satisfaction ratings despite Allstate’s flexibility. Ultimately, it’s up to you to determine which company is best for you.
Now that you’ve compared Allstate vs. State Farm auto insurance enter your ZIP code in our free comparison tool to get quotes from other top companies in your area.
Frequently Asked Questions
What are Allstate and State Farm?
Allstate and State Farm are both well-known insurance companies that offer various types of insurance coverage, including auto insurance. They are among the largest providers of auto insurance in the United States and have been in operation for several decades.
What types of auto insurance coverage do Allstate and State Farm offer?
Both Allstate and State Farm offer a range of auto insurance coverage options, including liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, medical payments coverage, and personal injury protection (PIP). Additionally, they may offer optional coverages such as roadside assistance and rental reimbursement.
How do Allstate and State Farm determine auto insurance premiums?
The premium for auto insurance from Allstate and State Farm is typically determined based on various factors, including the driver’s age, gender, driving record, location, type of vehicle, annual mileage, and coverage options selected. Additionally, other factors like credit history, marital status, and previous insurance claims can also influence the premium.
Are there any discounts available from Allstate and State Farm for auto insurance?
Both Allstate and State Farm offer various discounts to help customers save on their auto insurance premiums. Common discounts may include multi-policy discounts (for bundling multiple policies), safe driver discounts, good student discounts, discounts for driving a vehicle with safety features, and discounts for paying premiums in full or in advance. The availability of discounts may vary based on the state and specific policy details.
How can I file an auto insurance claim with Allstate or State Farm?
To file an auto insurance claim with Allstate or State Farm, you can typically do so through multiple channels. This includes contacting their customer service helpline, visiting their local agent’s office, or filing a claim online through their respective websites or mobile apps. It is advisable to have your policy details, accident information, and any relevant documentation ready when filing a claim.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.