Farmers vs. MetLife Car Insurance Comparison [2024]
Let's compare Farmers vs. MetLife car insurance. Farmers does provide average quotes for their car insurance rates, but MetLife does not. However, Metlife is an older company with better objective financial and customer service ratings. MetLife offers more car insurance discounts than Farmers does. Farmers has a market share of 4.58 percent, while MetLife is much smaller with a market share of one percent. It's always best to shop around and compare rates from different car insurance companies. Get started today.
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Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...
Insurance Operations Specialist
UPDATED: Jul 7, 2024
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Metlife vs. Farmers Car Insurance Comparison Summary
| Details | Farmers | MetLife |
|---|---|---|
| Year Founded | 1928 | 1868 |
| Headquarters | 3120 139th Ave., Suite 300 Bellevue, WA 98005-4491 | 200 Park Avenue New York, New York 10166 |
| Available in: | 50 states | 50 states |
| Direct Premiums Written | $6,357,987,000 | $1,385,699,000 |
| Market Share | 4.58% | 1.00% |
Read more: MetLife Car Insurance Discounts
Looking for the best car insurance company? We can help. Let’s compare Farmers vs. MetLife car insurance.
Read on for more on these two top insurance companies and, when it comes to Farmers vs. MetLife car insurance quotes, see how they compare.
Looking for the best car insurance company for you? Alsways shop around to see how Farmers vs. MetLife car insurance rates compare or MetLife vs. Progressive or another car insurance company.
Enter your ZIP code to get FREE quotes from the best car insurance companies. You can see how multiple quotes, such as Farmers vs. MetLife car insurance rates, compare.
Farmers vs. MetLife: Comparing Car Insurance Rates
Let’s take a look at car insurance rates for Farmers car insurance vs. MetLife car insurance. Farmers rates are readily available, whereas MetLife’s are not, so points to Farmers for transparency.
Which is more affordable, Farmers vs. MetLife car insurance? The answer will depend on your specific situation.
Farmers vs. MetLife: Which is cheapest by state?
You can see Farmers car insurance rates by state in the table below.
Farmers Average Annual Car Insurance Rates by State
| States | Farmers Average Annual Rates |
|---|---|
| Iowa | $2,435.72 |
| Maine | $2,770.15 |
| Washington | $2,962.00 |
| Wyoming | $3,069.35 |
| North Dakota | $3,092.49 |
| Minnesota | $3,137.45 |
| Idaho | $3,168.28 |
| Ohio | $3,423.01 |
| Tennessee | $3,430.07 |
| Indiana | $3,437.55 |
| Kansas | $3,703.77 |
| Oregon | $3,753.52 |
| South Dakota | $3,768.80 |
| Wisconsin | $3,777.49 |
| Montana | $3,907.55 |
| Utah | $3,907.99 |
| Nebraska | $3,997.29 |
| Oklahoma | $4,142.40 |
| Alabama | $4,185.80 |
| Arkansas | $4,257.87 |
| Missouri | $4,312.19 |
| New Mexico | $4,315.53 |
| Illinois | $4,605.20 |
| South Carolina | $4,691.85 |
| Hawaii | $4,763.82 |
| California | $4,998.78 |
| Arizona | $5,000.08 |
| Colorado | $5,290.24 |
| Nevada | $5,595.56 |
| New Jersey | $7,617.00 |
| Michigan | $8,503.60 |
| Alaska | Data Not Available |
| Connecticut | Data Not Available |
| District of Columbia | Data Not Available |
| Delaware | Data Not Available |
| Florida | Data Not Available |
| Georgia | Data Not Available |
| Kentucky | Data Not Available |
| Louisiana | Data Not Available |
| Maryland | Data Not Available |
| Massachusetts | Data Not Available |
| Mississippi | Data Not Available |
| North Carolina | Data Not Available |
| New Hampshire | Data Not Available |
| New York | Data Not Available |
| Pennsylvania | Data Not Available |
| Rhode Island | Data Not Available |
| Texas | Data Not Available |
| Virginia | Data Not Available |
| Vermont | Data Not Available |
| West Virginia | Data Not Available |
| Average U.S. Rates | $3,907.99 |
Not every state’s average is provided by Farmers, but there are none from MetLife.
Farmers vs. MetLife: Which is cheapest by driving record?
Here, we only have rates from Farmers to compare based on driving record. You can see how your rates will rise substantially with just one at-fault accident, speeding ticket, or DUI.
Farmers vs. MetLife: Rates with One Speeding Ticket
Check out the rate increase for Farmers insurance for one speeding ticket.
Farmers Average Annual Car Insurance Rates with One Speeding Ticket
| Driving Record | Farmers Average Annual Rates |
|---|---|
| Clean record | $3,460.60 |
| With one speeding violation | $4,079.01 |
One speeding ticket raises your rates with Farmers by around 18 percent.
Farmers vs. MetLife: Rates with One Car Accident
Check out the rate increase for Farmers insurance for one car accident.
Farmers Average Annual Car Insurance Rates With One At-Fault Accident
| Driving Record | Farmers Average Annual Rates |
|---|---|
| Clean record | $3,460.60 |
| With one accident | $4,518.73 |
Your rates can go up by around 31 percent with just one at-fault accident with Farmers.
Farmers vs. MetLife: Rates with One DUI
Check out the rate increase for Farmers insurance for one DUI.
Farmers Average Annual Car Insurance Rates Increase With One DUI
| Driving Record | Farmers Average Annual Rates |
|---|---|
| Clean record | $3,460.60 |
| With one DUI | $4,718.75 |
Just one DUI with Farmers can raise your rates around 36 percent.
Farmers vs. MetLife: Which is cheapest by age and gender?
Farmers has provided its car insurance rates by age and gender, as you can see in the table below.
Farmers Average Annual Car Insurance Rates by Age and Gender
| Demographic | Farmers Average Annual Rates |
|---|---|
| Married 60-year-old female | $2,336.80 |
| Married 60-year-old male | $2,448.39 |
| Married 35-year-old female | $2,556.98 |
| Married 35-year-old male | $2,557.75 |
| Single 25-year old-female | $2,946.80 |
| Single 25-year old-male | $3,041.44 |
| Single 17-year old-female | $8,521.97 |
| Single 17-year old-male | $9,144.04 |
As with most insurers, younger drivers will pay more for their car insurance.
It’s important to note that it’s illegal in some states to factor your gender into your car insurance rates.
These states include:
- California
- Montana
- North Carolina
- Pennsylvania
- Massachussetts
- Hawaii
But for other states, it’s still legal to charge more because of your gender.
Farmers vs. MetLife: Which is cheapest by credit score?
What about credit score?
Farmers Average Annual Car Insurance Rates By Credit History
| Credit History | Farmers Average Annual Rates |
|---|---|
| Good credit | $3,677.12 |
| Fair credit | $3,899.41 |
| Poor credit | $4,864.14 |
Your rates with Farmers could be 32 percent higher if you have poor credit vs. good credit.
Farmers vs. MetLife: Which is cheapest by annual mileage?
Your commute length affects how much you’ll pay for your car insurance.
Farmers Average Annual Car Insurance Rates by Commute Length
| Commute Length and Annual Mileage | Farmers Average Annual Rates |
|---|---|
| 10 miles commute 6,000 annual mileage | $4,179.32 |
| 25 miles commute 12,000 annual mileage | $4,209.22 |
A longer commute can cost you less than one percent more. It’s not the biggest factor, but there will be a slight increase in your rates if you drive a lot of miles.
Farmers vs. MetLife: Which is cheapest by car make and model?
The make and model of your vehicle affects your car insurance rates as well. It costs more to fix newer and more expensive vehicles, so your insurer will take that into account.
Farmers Average Annual Car Insurance Rates by Vehicle Make and Model
| Vehicle Make and Model | Farmers Average Annual Rates |
|---|---|
| 2015 Toyota RAV4: XLE | $3,728.22 |
| 2018 Toyota RAV4: XLE | $3,769.00 |
| 2015 Ford F-150: Lariat SuperCab with 2WD 6.5 foot bed and 2.7L V6 | $4,093.50 |
| 2018 Ford F-150: Lariat SuperCab with 2WD 6.5 foot bed and 2.7L V6 | $4,390.19 |
| 2015 Honda Civic Sedan: LX with 2.0L 4cyl and CVT | $4,405.21 |
| 2018 Honda Civic Sedan: LX with 2.0L 4cyl and CVT | $4,779.51 |
Once again, we only have Farmers’ insurance rates for this, but you can see the difference for vehicles in the table above.
Farmers vs. MetLife: Which is cheapest by coverage level?
How much does car insurance cost by coverage level?
Farmers Average Annual Car Insurance Rates by Coverage Level
| Coverage Type | Farmers Average Annual Rates |
|---|---|
| Low coverage | $3,922.47 |
| Medium coverage | $4,166.22 |
| High coverage | $4,494.13 |
It may go without saying, but a higher level of car insurance coverage will cost you a higher premium. Farmers’ rates for different coverage levels are fairy reasonable across the board.
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Farmers vs. MetLife: Ratings and Customer Satisfaction
Here we can actually do a side by side comparison, and this information is pretty important.
Farmers vs. MetLife: what are their financial ratings?
Let’s talk about customer satisfaction and financial ratings.
Farmers vs. MetLife Financial Ratings
| Rating Company | Farmers | MetLife |
|---|---|---|
| AM Best | A | A+ |
| S&P | A | AA- |
| Moody's | A2 | Aa3 |
MetLife has higher A.M. Best, Standard & Poor’s (S&P), and Moody’s ratings. When it comes to financial ratings, MetLife is the stronger company.
Farmers vs. MetLife: How do customers rate them?
Take a look at the customer satisfaction ratings below.
Farmers vs. MetLife: Customer Satisfaction Ratings
| Customer Satisfaction Rating | Farmers | MetLife |
|---|---|---|
| JD Power | Above Average | Below Average |
| NAIC Complaint Index | 0.79 | 0.48 |
| Better Business Bureau | A+ | A+ |
Farmers has a better J.D. Power satisfaction rating but a worse complaint index score (meaning customers of Farmers register more complaints than customers of MetLife).
Farmers vs. MetLife: What is their market share?
Farmers has a market share of 4.58 percent, while MetLife is much smaller with a market share of one percent.
Farmers vs. MetLife: Car Insurance Coverage and Options
What coverages do these companies offer?
Farmers vs. MetLife: What are their coverage options?
Farmers Insurance offers a range of coverage options, including auto, home, life, business, renters, and condo insurance.
MetLife offers standard car insurance, gap coverage, Personal Injury Protection (PIP), and roadside assistance.
Usage-Based Insurance Programs
Farmers offers the Signal® app which can help you save 15 percent. MetLife also has a usage-based system called the My Journey Program which can also help lower your rates.
Farmers vs. MetLife: What discounts do they offer?
Take a look at the discounts offered by these two companies.
Farmers vs. MetLife Car Insurance Discounts
| Discounts | Farmers | MetLife |
|---|---|---|
| Adaptive Cruise Control | x | |
| Adaptive Headlights | x | x |
| Anti-lock Brakes | x | x |
| Anti-Theft | x | x |
| Daytime Running Lights | x | x |
| Electronic Stability Control | x | x |
| Utility Vehicle | x | |
| Vehicle Recovery | x | x |
| VIN Etching | x | x |
| Lane Departure Warning | x | |
| Newer Vehicle | x | x |
| Green Vehicle | x | |
| Forward Collision Warning | x | |
| Claim Free | x | x |
| Continuous Coverage | x | |
| Defensive Driver | x | x |
| Distant Student | x | |
| Driver's Ed | x | x |
| Driving Device/App | x | |
| Early Signing | x | x |
| Family Legacy | x | |
| Family Plan | x | |
| Farm Vehicle | x | |
| Federal Employee | x | x |
| Full Payment | x | |
| Garaging/Storing | x | |
| Good Student | x | x |
| Homeowner | x | x |
| Low Mileage | x | x |
| Loyalty | x | |
| Married | x | |
| Membership/Group | x | |
| Military | x | x |
| Multiple Drivers | x | |
| Multiple Policies | x | x |
| Multiple Vehicles | x | x |
| New Customer/New Plan | x | |
| Occupation | x | x |
| Paperless Documents | x | x |
| Paperless/Auto Billing | x | x |
| Passive Restraint | x | x |
| Renter | x | |
| Safe Driver | x | x |
| Senior Driver | x | x |
| Students & Alumni | x | |
| Switching Provider | x | x |
This video goes over some commonly available car insurance discounts.
Farmers offers 34 discounts, and MetLife offers a few more at 38.
Farmers vs. MetLife: Which company is the best?
So looking at Farmers vs. MetLife car insurance companies, which of these companies is the best?
Farmers seems to be best for transparency, as we can see their average insurance costs but not MetLife’s. Farmers is a larger insurer, so they have more resources.
However, MetLife has better financial ratings, a lower complaint index and more discounts.
In the search for affordable car insurance, it truly depends on what matters most to you, but MetLife does seem to have better objective ratings.
Before you buy Farmers vs. MetLife car insurance, shop around and compare different companies. Enter your ZIP code to get FREE quotes from multiple insurers.
Frequently Asked Questions
Can I compare car insurance rates between Farmers and MetLife?
Yes, you can compare car insurance rates between Farmers and MetLife by entering your ZIP code to get free quotes from multiple insurers.
Which company offers more car insurance discounts, Farmers or MetLife?
MetLife offers more car insurance discounts than Farmers does.
What is the market share of Farmers and MetLife in the car insurance industry?
Farmers has a market share of 4.58 percent, while MetLife has a market share of one percent.
How do the financial ratings of Farmers and MetLife compare?
MetLife has higher financial ratings compared to Farmers, including A.M. Best, Standard & Poor’s (S&P), and Moody’s.
What coverage options do Farmers and MetLife provide?
Farmers offers auto, home, life, business, renters, and condo insurance, while MetLife offers standard car insurance, gap coverage, Personal Injury Protection (PIP), and roadside assistance.