Is it better to own an Allstate or State Farm?
Asked by: Dr. Tania Moen MD | Last update: May 15, 2025Score: 4.1/5 (43 votes)
Which is better, Allstate or State Farm?
State Farm earned a higher J.D. Power customer satisfaction score and a higher Insurify Quality (IQ) Score than Allstate. State Farm's IQ Score is 9.3, and Allstate has an IQ Score of 8.9. State Farm also tends to offer lower average rates than Allstate for both liability-only and full-coverage policies.
Who is State Farm's biggest competitor?
State Farm main competitors are USAA, MetLife, and American Family Insurance. Competitor Summary. See how State Farm compares to its main competitors: MetLife has the most employees (49,000).
Is Allstate the most expensive insurance?
Allstate's minimum-liability rates average $1,158 a year, which is 50% higher than the national average ($773 a year). But since car insurance rates vary by customer, be sure to shop around. And note that policies are usually more expensive for some drivers, such as teens, or those with DUIs or poor credit.
Who has better insurance rates than State Farm?
Geico: Price. Geico has the advantage on price: Monthly premiums for full coverage average $164 with Geico, according to Bankrate data, well below both State Farm's $219 a month and national average of $193 per month. Its low rates landed Geico on our list of best low-cost insurers.
State Farm vs Allstate, which insurance is better
Who is cheaper than Allstate?
State Farm offers cheaper rates on auto and home insurance than Allstate. State Farm also has higher customer service ratings. However, Allstate offers a few home and car insurance coverages that State Farm doesn't have.
How does State Farm rank for car insurance?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Who is Allstate biggest competitor?
The main competitors of Allstate include Progressive (PGR), Travelers Companies (TRV), Arch Capital Group (ACGL), Markel Group (MKL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Erie Indemnity (ERIE), Fidelity National Financial (FNF), CNA Financial (CNA), and Old Republic International (ORI).
Why is my car insurance so high with Allstate?
Insurers usually weigh several factors when it comes to car insurance rates. Common among them are speeding tickets, DUIs, credit and moving violations. But beyond that, insurers also consider specific risks like the rates of accidents, vandalism and theft in your area, which result in higher claim rates.
Does Allstate insurance have a good reputation?
Allstate is a very good insurance company overall and one of the best for auto insurance. WalletHub's editors give Allstate a rating of 2.9/5 due to its wide variety of coverage options, generous discounts and nationwide availability.
Who is cheaper, Allstate or Progressive?
Allstate: Cheapest for drivers with bad credit
In many states, car insurance companies can use a driver's credit history as a factor when determining car insurance premiums. For drivers with bad credit, Allstate once more edges out Progressive with cheaper average premiums.
What is State Farm best known for?
State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States.
Where does Allstate rank in insurance companies?
Allstate ranks fourth in the nation for property and casualty insurance. in terms of total market share. The Allstate vehicle and property insurance company also provides motorcycle, boat, and pet insurance. Unfortunately, its record for customer service is one of the nation's worst.
What is the most trusted car insurance company?
Amica and USAA tied in Bankrate's analysis as the two best auto insurance companies overall. Geico ranks as the best car insurance company for high-risk drivers. Nationwide and Liberty Mutual are some of the best auto insurance companies for discounts and bundling.
Does State Farm own Allstate?
Allstate is a public company owned by its investors, while State Farm is a mutual company owned by its policyholders.
Does Allstate raise rates after accidents?
Your premium, or the amount you pay for your policy, may increase after the accident. If your policy includes accident forgiveness your rates won't be affected even if you're found to be at fault.
At what age do car insurance rates drop?
The biggest drop is typically from 18 to 19, when the average rate drops by around $1,595. Car insurance typically drops as you grow older, when you drive safely for three to five years following an accident or citation, and when you switch to a cheaper company.
Does credit score affect car insurance?
How credit-based insurance scores work. Most U.S. insurance companies use credit-based insurance scores along with your driving history, claims history and many other factors to establish eligibility for payment plans and to help determine insurance rates. Again, except in California, Hawaii, and Massachusetts.
Is Allstate cheaper than State Farm?
Average Cost of Allstate Car Insurance
When comparing car insurance rates for Allstate vs. State Farm, you'll find that Allstate has higher rates for car insurance premiums than State Farm, and, overall, Allstate has higher average rates than other large insurance companies.
Who is cheaper than State Farm?
GEICO is cheaper and has better ratings than State Farm. Your experience with GEICO and State Farm will vary based on individual rating factors.
Is State Farm better or Progressive?
State Farm has cheaper home and car insurance quotes than Progressive. It also has higher customer satisfaction ratings. However, Progressive offers more discounts and coverage options, including gap insurance.
Which insurance company has the most complaints?
The auto insurance company with the most complaints is United Automobile Insurance, which receives roughly 40 times more complaints than the average insurer its size, according to the latest NAIC complaint index.
Is State Farm a good insurance company to deal with?
Complaints and customer satisfaction
State Farm had fewer than the expected number of complaints about auto insurance to state regulators relative to its size, according to three years' worth of data from the National Association of Insurance Commissioners. No. 4 out of 17 companies.