- State Farm vs. Farmers: Which one is the cheapest?
- State Farm vs. Farmers: Rates by age group
- State Farm vs. Farmers: Rates for high-risk drivers
- State Farm vs. Farmers: Which is better rated?
- State Farm vs. Farmers: Rates in your state
- State Farm vs. Farmers: Which offers better discounts?
- State Farm vs. Farmers: The bottom line
- Methodology
State Farm vs. Farmers: Which one is the cheapest?
State Farm costs an average of $502, while Farmers has average rates for state minimum coverage of $701.
For full coverage with 100/300/100 in liability coverage and $500 deductibles for comprehensive and collision insurance, State Farm costs an average of $1,984. Farmers costs more at an average of $2,387.
It’s always a good idea to shop around for quotes, however, because prices and coverage vary from state to state and depend on your individual situation.
| Company | Average annual rate for full coverage | Average annual rate for state minimum coverage | Average annual premium for liability-only car insurance |
|---|---|---|---|
| State Farm | $1,984 | $502 | $651 |
| Farmers | $2,387 | $701 | $991 |
State Farm vs. Farmers: Rates by age group
For a teen – one of the most expensive age groups to insure – State Farm has the cheapest rates, coming in at $5,368 per year. Farmers costs an average of $8,348 for a teen driver.
Age is a major factor in calculating insurance rates. Companies look at speeding and accident trends as well as distracted driving statistics. Teen drivers are one of the riskiest – and therefore most expensive – age groups to insure. Rates drop as you get older.
For example, adults pay an average of $1,985 at State Farm, while at Farmers the average rate for an adult is $2,336.
| Age (group) | State Farm | Farmers |
|---|---|---|
| Teens | $5,368 | $8,348 |
| Young adults | $3,179 | $3,602 |
| Adults | $1,985 | $2,336 |
| Seniors | $1,858 | $2,290 |
State Farm vs. Farmers: Rates for high-risk drivers
State Farm has the best rates for high-risk drivers. A high-risk driver is someone who has multiple speeding tickets, accidents or a serious offense like a DUI on their record. This can make it a challenge to find affordable auto insurance.
For the drivers with DUI, State Farm is cheaper, with average rates of $3,179.
Take a look at the table below for State Farm’s rates compared to Farmers’s rates.
| Type of violation | State Farm | Farmers |
|---|---|---|
| 1 At-fault property damage accident over $2K | $2,411 | $3,914 |
| 1 At-fault property damage accident under $2K | $2,403 | $3,890 |
| At-fault bodily injury accident | $2,497 | $4,128 |
| Careless driving | $2,419 | $4,414 |
| DUI | $3,179 | $5,129 |
| Reckless driving | $3,037 | $5,089 |
| Speeding | $2,321 | $3,380 |
State Farm vs. Farmers: Which is better rated?
Customer service, claims processing and a positive online experience are just a few things to consider along with price when choosing an insurance carrier. Take a look at the table below to see how State Farm and Farmers scored in the best car insurance companies of 2024.
Overall, State Farm scored 4.27, while Farmers scored 3.69.
| Ratings | Farmers | State Farm |
|---|---|---|
| NAIC | 0.80 | 0.70 |
| AM Best | A | A++ |
| Average annual premium | $2,388 | $1,980 |
| Average monthly premium | $199 | $165 |
| Customer Satisfaction | ||
| Insurance.com score |
State Farm vs. Farmers: Rates in your state
Insurance rates vary from state to state. Carriers factor in data from your region and ZIP code, including weather, crime and traffic trends to calculate risk. The table below shows where you’ll find the cheapest rates for State Farm and Farmers. Remember, always shop around for multiple quotes as prices will ultimately be determined by your personal situation and driving record in addition to your location.
| State | State Farm | Farmers |
|---|---|---|
| Alabama | $1,790 | $2,542 |
| Alaska | $1,713 | N/A |
| Arizona | $2,233 | $2,331 |
| Arkansas | $2,060 | $2,248 |
| California | $2,701 | $3,035 |
| Colorado | $1,950 | $3,578 |
| Connecticut | $1,733 | $2,192 |
| Delaware | $2,153 | N/A |
| Florida | $2,119 | $3,261 |
| Georgia | $2,344 | N/A |
| Hawaii | $1,938 | $1,495 |
| Idaho | $1,120 | $1,606 |
| Illinois | $1,633 | N/A |
| Indiana | $1,616 | $1,956 |
| Iowa | $1,306 | N/A |
| Kansas | $1,976 | $1,992 |
| Kentucky | $2,753 | $3,548 |
| Louisiana | $3,570 | $3,002 |
| Maine | $1,262 | $1,664 |
| Maryland | $2,177 | N/A |
| Massachusetts | $689 | $1,966 |
| Michigan | $3,698 | N/A |
| Minnesota | $1,525 | N/A |
| Mississippi | $1,797 | N/A |
| Missouri | $2,072 | N/A |
| Montana | $1,858 | $2,939 |
| Nebraska | $2,344 | N/A |
| Nevada | $1,443 | $2,328 |
| New Hampshire | $1,155 | $1,954 |
| New Jersey | $2,153 | $2,254 |
| New Mexico | $1,669 | $2,740 |
| New York | $1,951 | N/A |
| North Carolina | $1,180 | $2,028 |
| North Dakota | $1,738 | $2,077 |
| Ohio | N/A | $1,794 |
| Oklahoma | $1,861 | $2,717 |
| Oregon | $1,502 | $2,210 |
| Pennsylvania | $2,473 | N/A |
| Rhode Island | $1,319 | $3,336 |
| South Carolina | $2,106 | N/A |
| South Dakota | $2,096 | $2,207 |
| Tennessee | $1,677 | $1,770 |
| Texas | $1,956 | $4,127 |
| Utah | $2,175 | $2,638 |
| Vermont | $1,139 | $2,333 |
| Virginia | $1,479 | N/A |
| Washington | $1,794 | $1,714 |
| Washington, D.C. | $2,426 | N/A |
| West Virginia | $1,691 | $2,442 |
| Wisconsin | $2,378 | $2,139 |
| Wyoming | $1,521 | $1,623 |
N/A represents data is not available.
State Farm vs. Farmers: Which offers better discounts?
Discounts are a big draw for customers and can offer significant savings on your annual premiums. Below are some of the discounts State Farm and Farmers offer to their customers.
| Discounts | Farmers | State Farm |
|---|---|---|
| Days Advanced Purchase | 8% | N/A |
| Purchase Status | 5% | N/A |
| Payment Type | 5% | N/A |
| Paperless/Electornic Documents | 5% | N/A |
| Homeowner | 5% | 2% |
| Safety Devices | 3% | 4% |
| Days Per Week Driven | 2% | 4% |
| Marital Status | 4% | N/A |
| Years Licensed | 37% | 18% |
| Electronic Funds Transfer | 3% | N/A |
| Primary Use | 2% | 12% |
| Air Bags | 1% | 2% |
| Daily Commute | N/A | 2% |
| Years Insured | 19% | N/A |
| Loyalty - Years Renewal With Company | 1% | 18% |
| Lower Annual Mileage | 15% | 10% |
| Telematics | N/A | 13% |
| Multi Policy | 11% | 10% |
| Anti-Theft Device | 0% | 1% |
N/A represents data is not available.
Always be sure to ask about available discounts when you’re shopping around for insurance to see what you may qualify for.
State Farm vs. Farmers: The bottom line
Both State Farm and Farmers are solid insurance companies, but if rates are what matter most to you, State Farm may be the choice for you. However, we always recommend considering more than just rates to find the best car insurance for your needs and comparing quotes from multiple companies.
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Services for state minimum coverage and full coverage with liability limits of 100/300/100 with $500 deductibles. Base sample rates are based on a 40-year-old male driver with a clean record and good credit driving a 2023 Honda Accord LX. Rates were also fielded for multiple age groups and driver profiles compared with the base sample rate.
Company ratings were gathered from third-party sources including J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC). We also gathered data from the Insure.com annual survey of car insurance customers.
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