Farmers vs Allstate Insurance 2026
Farmers is known for competitive rates and the 'Good Neighbor' service philosophy with strong bundling discounts, while Allstate offers broader digital tools and nationwide presence with more customization options. Both are top-tier insurers, but they differ in pricing strategies and customer service approach.
Farmers
Major insurer emphasizing competitive rates, agent service, and bundling discounts
Budget-conscious customers who value personal agent relationships and prefer bundled policies for maximum savings
Allstate
Large personal insurance provider with extensive agent network and comprehensive digital platform.
Tech-savvy customers prioritizing convenience, speed, and comprehensive coverage options with ability to manage policies online
Quick Answer
AI SummaryFarmers is known for competitive rates and the 'Good Neighbor' service philosophy with strong bundling discounts, while Allstate offers broader digital tools and nationwide presence with more customization options. Both are top-tier insurers, but they differ in pricing strategies and customer service approach.
Our Verdict
AI-assistedBoth Farmers and Allstate are reputable national insurers with strong financial stability and competitive offerings. Farmers excels in pricing and agent availability, making it ideal for cost-conscious customers preferring personal service, while Allstate shines with digital tools, faster claims, and broader coverage options for tech-savvy customers. Your choice should depend on whether you prioritize rates and local agents or digital convenience and processing speed.
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TIE — neck and neck
Choose Farmers if
Budget-conscious customers who value personal agent relationships and prefer bundled policies for maximum savings
Choose Allstate if
Tech-savvy customers prioritizing convenience, speed, and comprehensive coverage options with ability to manage policies online
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Key Differences at a Glance
- Average Annual Premium (Auto):✓ Farmers wins($1,245 vs $1,389)
- Customer Satisfaction Rating (JD Power 2025):✓ Farmers wins(801/1000 vs 795/1000)
- Digital Mobile App Rating:✓ Allstate wins(4.5/5 stars vs 4.2/5 stars)
Key Facts & Figures
8 numeric metrics compared
| Metric | Farmers | Allstate | Ratio |
|---|---|---|---|
| Average Annual Auto Insurance Premium(USD) | $1,245 | $1,389 | |
| Customer Satisfaction Score(Score) | 801 | 79 | |
| Mobile App Rating(Stars) | 4.2 | 4.5 | |
| Geographic Coverage(states) | 43 | 50 | |
| Agent Network Size(agents) | 18,000+ | 10,000 | |
| Annual Homeowners Premium (Average)(USD) | $1,500 | $1,500 | |
| Auto Insurance Premium (Annual Average)(USD) | $1,100 | $1,100 | |
| Available Discounts(count) | 20 | 20 |
Sourced from publicly available data ·
Key Differences
8 attributes compared head-to-head
- $1,245(winner)Average Annual Premium (Auto)$1,389
- 801/1000(winner)Customer Satisfaction Rating (JD Power 2025)795/1000
- 4.2/5 starsDigital Mobile App Rating4.5/5 stars(winner)
- Up to 25%Multi-Policy DiscountUp to 25%
- 3-5 daysClaims Processing Time (Days)2-4 days(winner)
- 43 statesAvailable in States50 states(winner)
- Auto, Home, Life, UmbrellaAvailable Coverage TypesAuto, Home, Life, Umbrella, Business(winner)
- 18,000+ agents(winner)Agent Network Size10,000+ agents
- Average Annual Premium (Auto)
Farmers
$1,245(winner)
Allstate
$1,389
- Customer Satisfaction Rating (JD Power 2025)
Farmers
801/1000(winner)
Allstate
795/1000
- Digital Mobile App Rating
Farmers
4.2/5 stars
Allstate
4.5/5 stars(winner)
- Multi-Policy Discount
Farmers
Up to 25%
Allstate
Up to 25%
- Claims Processing Time (Days)
Farmers
3-5 days
Allstate
2-4 days(winner)
- Available in States
Farmers
43 states
Allstate
50 states(winner)
- Available Coverage Types
Farmers
Auto, Home, Life, Umbrella
Allstate
Auto, Home, Life, Umbrella, Business(winner)
- Agent Network Size
Farmers
18,000+ agents(winner)
Allstate
10,000+ agents
Full Comparison
| Attribute | Farmers | Allstate |
|---|---|---|
| Average Annual Auto Insurance Premium(USD) | $1,245(winner) | $1,389 |
| Multi-Policy Bundle Discount(percentage) | Up to 25% | Up to 25% |
| Average Annual Premium(relative to national average) | Above national average | — |
| Annual Homeowners Premium (Average)(USD) | $1,500 | — |
| Auto Insurance Premium (Annual Average)(USD) | $1,100 | — |
| Customer Satisfaction Score(Score) | 801(winner) | 79 |
| Mobile App Rating(Stars) | 4.2 | 4.5(winner) |
| Claims Processing Speed(days) | 3-5 days | 2-4 days |
| Geographic Coverage(states) | 43 | 50(winner) |
| Agent Network Size(agents) | 18,000+(winner) | 10,000 |
| Coverage Types Available(count) | 4 (Auto, Home, Life, Umbrella) | 5 (Auto, Home, Life, Umbrella, Business)(winner) |
| Net Income (2025)($ Billion) | Allstate | — |
| Average Premium Rates | Higher | — |
| Add-On Coverage Availability | Extensive (gap coverage, etc.) | — |
| Price Transparency Rating | Moderate | — |
| Digital Platform Ease of Use | User-friendly | — |
| Product Diversity | Focused | — |
| Discount Programs(Relative Offering) | Competitive | — |
| Dividend Payout Status (2026) | Standard dividend | — |
| Q1 2026 Net Income(billions USD) | Lower growth reported | — |
| Combined Ratio(Percentage (%)) | Not disclosed | — |
| Premium Growth Rate(Year-over-Year %) | Stable growth | — |
| Net Premiums Written (Q1 2026)(Billions USD) | Comparable market share | — |
| Consumer Review Ratings(Comparative Score) | Good (slightly lower) | — |
| Overall Customer Rating(stars) | 3.8 out of 5 | — |
| WalletHub Editor Rating(stars) | 3.0 out of 5 | — |
| Insurify Quality Score(Comparative Rank) | Slightly higher score | — |
| Local Agent Availability(Network Scale) | Extensive nationwide network | — |
| Digital Platform Experience(User Experience Rating) | Good, traditional approach | — |
| Digital Platform Capabilities | Excellent - comprehensive mobile app and tools | — |
| Telematics Rate Increase Risk(risk level) | Cannot increase rates | — |
| Gap Insurance Availability(boolean) | Offered | — |
| Pay-Per-Mile Coverage(boolean) | Milewise available | — |
| New-Car Replacement Coverage(boolean) | Offered | — |
| Distribution Channels(types) | Agents, online, phone, mobile | — |
| Available Discounts(count) | 20 | — |
| A.M. Best Financial Rating | A (Excellent) | — |
| Commercial Insurance Coverage | Limited offerings | — |
FarmersAllstatePros & Cons
10 pros·6 cons across both
Farmers
Pros
- Lower average premiums across most customer segments
- Extensive agent network for personalized service and support
- Strong bundling discounts combining auto, home, and life policies
- Highest customer satisfaction in industry (801/1000 JD Power rating)
- Established brand with 90+ years of market presence
Cons
- Available in only 43 states, limiting geographic reach
- Mobile app rated lower (4.2/5) compared to competitors
- Slower claims processing (3-5 days vs industry average of 2-4 days)
Allstate
Pros
- Available in all 50 states with nationwide coverage
- Superior mobile app experience (4.5/5 stars) with digital claims
- Fastest claims processing in comparison (2-4 days)
- Broader coverage options including business insurance
- Advanced digital tools including virtual inspections and AI chat support
Cons
- Higher average premiums than Farmers across most categories
- Fewer agents (10,000+) compared to Farmers' 18,000+
- Complex pricing structure can make quotes harder to compare
Frequently Asked Questions
5 questions
Farmers typically offers lower average premiums, with annual auto insurance costs averaging $1,245 compared to Allstate's $1,389. However, rates vary by location, driving record, and coverage needs, so getting personalized quotes from both is recommended.
Resources & Learn More
Curated sources to dive deeper
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