State Farm and The Hartford are two of the biggest names in the auto insurance industry. Both are well-established companies offering a variety of coverage options and discounts.
State Farm offers the cheapest rates overall, but The Hartford provides several unique coverage options, which could help make up for its higher rates.
Ultimately, the best insurance company for you depends on your circumstances. That’s why it’s important to compare rates, customer service reviews, discounts, and coverage options when choosing an auto insurance company.
State Farm is the best option for customers looking for cheaper rates on car insurance. The company offers the best average savings amounts overall and for various demographics. State Farm has high ratings for customer service, receiving an above-average J.D. Power rating.
The Hartford has a slightly lower Insurify Quality (IQ) Score, and its average rates are higher than State Farm’s. In particular, teen drivers will pay more than twice as much by choosing The Hartford over State Farm. But The Hartford offers better coverage options and a couple more discounts than State Farm.
This table provides you with a brief look at each insurer.
State Farm and The Hartford both offer telematics programs to help safe drivers save money on their auto insurance premiums. With State Farm’s Drive Safe & Save program, you’ll automatically save 10% just for signing up. You could save up to 30% overall, depending on your driving behavior.
You’ll start by downloading the app onto your mobile device, and State Farm will track your mileage and driving characteristics. Your discount updates at every policy renewal using the data from the previous 12 months of driving. Your discount may be $0 if the app can’t collect enough data about your driving history.
The Hartford’s TrueLane program is also a telematics app that rewards safe driving behaviors. You could earn a discount of up to 12% within 60 days of signing up, and depending on your driving habits, you could earn a total discount of up to 40% at renewal. The app is available on the Google Play Store and the Apple App Store.
Telematics apps could be a good option thanks to the potential for safe driving rewards. But risky driving behaviors can result in higher premiums, so these programs are best for people who are confident about their driving skills. Otherwise, a telematics app could end up costing you more.
State Farm is the cheapest option overall, with an average monthly rate of $56 for liability coverage. The Hartford has an average monthly rate of $175 for drivers with an AARP membership.
But this is just the national average for each insurer. The rate you pay will vary depending on factors including your age, driving history, ZIP code, and more.
State Farm is the most affordable option for anyone with a clean driving history, charging an average monthly premium of $56 for liability coverage. In comparison, The Hartford costs $175 per month, making it a less affordable option.
State Farm is the cheapest option for drivers with a speeding ticket on their record, charging an average monthly premium of $69. The Hartford costs an average of $254 per month for drivers with a speeding ticket.
Teen drivers pay the highest rates for car insurance due to their lack of experience behind the wheel. On average, State Farm charges teen drivers $112 per month, while teens pay an average of $473 per month with The Hartford.
Older drivers often pay lower rates for auto insurance since they typically spend less time driving and engage in fewer risky driving behaviors. But rates do tend to climb again once senior drivers reach age 70 and beyond.
State Farm’s rates are more favorable for senior drivers than The Hartford’s rates.
State Farm wins here again, as drivers with bad credit pay significantly less with this insurer than with The Hartford.
Price isn’t the only thing you’ll want to consider when it comes to choosing an auto insurance policy. You’ll also want to consider the different types of coverage the company offers.
State Farm and The Hartford both offer the standard coverages you’d expect to see, like liability car insurance and full-coverage insurance. Both companies offer personal injury protection (PIP), which will help cover your medical bills after an accident.
State Farm offers coverage for rideshare drivers, which is something The Hartford doesn’t offer. But The Hartford is the best option for drivers after a car accident since the company provides gap insurance, new vehicle replacement coverage, and a diminishing deductible.
But this table is just an overview, so you should contact each company for a complete list of the coverages offered.
State Farm advertises seven discounts, while The Hartford advertises nine discounts for customers. The companies offer many similar discounts, like a discount for bundling your life insurance, homeowners insurance, and auto policies.
The Hartford also offers several discounts State Farm doesn’t offer, like anti-theft, new car, loyalty, and alternative fuel discounts. But State Farm offers more discounts for teens, which could be why its rates for new drivers are so much cheaper.
State Farm and The Hartford are two of the best car insurance companies you can pick from. Here’s some additional information to consider if you’re still debating between the two.
No. State Farm is one of the cheapest options nationally for many demographics. But these are average rates, so it’s still a good idea to receive and compare rate estimates from several companies to find the best car insurance for you.
GEICO is probably State Farm’s biggest competitor since they’re the two largest insurance companies by market share. Both companies offer reputable coverage and a wide variety of discounts to pick from.
Yes. The Hartford is a good insurance company. The company has an A+ rating with the Better Business Bureau and an AM Best rating of A+ (Superior), which looks at its financial security.2
State Farm has a good reputation for paying its claims when compared to the average insurer. But AM Best downgraded the company’s financial strength rating from A (Excellent) to B (Fair).3
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