Farmers vs. MetLife Car Insurance [2021]

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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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 1, 2021

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Metlife vs. Farmers Car Insurance Comparison Summary
DetailsFarmersMetLife
Year Founded19281868
Headquarters3120 139th Ave., Suite 300
Bellevue, WA 98005-4491
200 Park Avenue
New York, New York 10166
Available in:50 states50 states
Direct Premiums Written$6,357,987,000$1,385,699,000
Market Share4.58%1.00%
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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
StatesFarmers 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
AlaskaData Not Available
ConnecticutData Not Available
District of ColumbiaData Not Available
DelawareData Not Available
FloridaData Not Available
GeorgiaData Not Available
KentuckyData Not Available
LouisianaData Not Available
MarylandData Not Available
MassachusettsData Not Available
MississippiData Not Available
North CarolinaData Not Available
New HampshireData Not Available
New YorkData Not Available
PennsylvaniaData Not Available
Rhode IslandData Not Available
TexasData Not Available
VirginiaData Not Available
VermontData Not Available
West VirginiaData Not Available
Average U.S. Rates$3,907.99
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Not every state’s average is provided by Farmers, but there are none from MetLife.

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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 RecordFarmers Average Annual Rates
Clean record$3,460.60
With one speeding violation$4,079.01
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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 RecordFarmers Average Annual Rates
Clean record$3,460.60
With one accident$4,518.73
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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 RecordFarmers Average Annual Rates
Clean record$3,460.60
With one DUI$4,718.75
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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
DemographicFarmers 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
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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 HistoryFarmers Average Annual Rates
Good credit$3,677.12
Fair credit$3,899.41
Poor credit$4,864.14
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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 MileageFarmers Average Annual Rates
10 miles commute
6,000 annual mileage
$4,179.32
25 miles commute
12,000 annual mileage
$4,209.22
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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.

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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 ModelFarmers 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
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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 TypeFarmers Average Annual Rates
Low coverage$3,922.47
Medium coverage$4,166.22
High coverage$4,494.13
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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 CompanyFarmersMetLife
AM BestA
A+
S&PAAA-
Moody'sA2Aa3
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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 RatingFarmersMetLife
JD PowerAbove AverageBelow Average
NAIC Complaint Index0.790.48
Better Business BureauA+
A+
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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
DiscountsFarmersMetLife
Adaptive Cruise Controlx
Adaptive Headlightsxx
Anti-lock Brakesxx
Anti-Theftxx
Daytime Running Lightsxx
Electronic Stability Controlxx
Utility Vehiclex
Vehicle Recoveryxx
VIN Etchingxx
Lane Departure Warningx
Newer Vehiclexx
Green Vehiclex
Forward Collision Warningx
Claim Freexx
Continuous Coveragex
Defensive Driverxx
Distant Studentx
Driver's Edxx
Driving Device/Appx
Early Signingxx
Family Legacyx
Family Planx
Farm Vehiclex
Federal Employeexx
Full Paymentx
Garaging/Storingx
Good Studentxx
Homeownerxx
Low Mileagexx
Loyaltyx
Marriedx
Membership/Groupx
Militaryxx
Multiple Driversx
Multiple Policiesxx
Multiple Vehiclesxx
New Customer/New Planx
Occupationxx
Paperless Documentsxx
Paperless/Auto Billingxx
Passive Restraintxx
Renterx
Safe Driverxx
Senior Driverxx
Students & Alumnix
Switching Providerxx
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This video goes over some commonly available car insurance discounts.

Farmers offers 34 discounts, and MetLife offers a few more at 38.

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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.

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Average Monthly Car Insurance Rates by State