Allstate vs. State Farm: Home Insurance Comparison
Updated: October 16, 2024
Advertising & Editorial Disclosure
State Farm and Allstate receive good marks for affordability, financial stability and client satisfaction. The two companies offer the same level of customer service, but Allstate slightly outpaces State Farm in terms of insurance rate affordability.
MoneyGeek’s Allstate vs. State Farm homeowners insurance review explores the companies’ average rates, coverages and discounts to help you compare them.
To help you compare Allstate vs. State Farm homeowners insurance, MoneyGeek has listed each company's distinctive features in the table below.
State Farm and Allstate have comparable overall MoneyGeek scores. State Farm has the minor advantage of being more financially secure than its counterpart and providing more add-on coverage options. Allstate provides more discounts and frequently offers cheaper premiums as an incentive for its customers.
Feature | Allstate | State Farm |
|---|---|---|
Total Score | 90 | 91 |
Satisfaction | 4.0 | 4.0 |
Stability | 4.5 | 5.0 |
Affordability | 4.8 | 4.7 |
Average Annual Premium | $1,911 | $2,138 |
Number of optional coverages | 9 | 12 |
Number of advertised discounts | 11 | 7 |
State availability | Available in 50 states | Available in 47 states |
Link to full review | ||
MoneyGeek ranked companies based on nationally recognized data from leading consumer reporting agencies, including J.D. Power for customer service, AM Best for financial stability and Quadrant Information Services for affordability. Learn more.
Allstate has the advantage of being more affordable than State Farm. It offers a cheaper average rate — $1,911 annually — than State Farm, at $2,138 annually. These are for the average cost of homeowners insurance, and your premium may vary depending your credit record, your home’s location and the cost of reconstruction.
Average Annual Premium
$1,911Average Annual Premium
$2,138This is 12% more expensive.
Insurers consider numerous variables, including your house’s location and the dwelling coverage you have selected, to determine the price of your homeowners insurance.
Allstate and State Farm offer several dwelling coverage options. However, Allstate is the cheaper option for dwelling coverage between the $100K base level and the $3 million.
The level of dwelling coverage you choose should represent a rough estimate of the overall expenses associated with fixing or rebuilding your house. Use the MoneyGeek table below to see how dwelling coverage influences the price of homeowners insurance.
| Allstate | $100,000 | $1,797 |
| State Farm | $100,000 | $1,917 |
| Allstate | $250,000 | $2,057 |
| State Farm | $250,000 | $2,427 |
| Allstate | $500,000 | $4,672 |
| State Farm | $500,000 | $5,666 |
| Allstate | $750,000 | $6,667 |
| State Farm | $750,000 | $8,051 |
| Allstate | $1,000,000 | $8,723 |
| State Farm | $1,000,000 | $10,202 |
| State Farm | $2,000,000 | $20,611 |
| Allstate | $2,000,000 | $16,178 |
| State Farm | $3,000,000 | $31,612 |
| Allstate | $3,000,000 | $23,636 |
The cost of homeowners insurance varies by state. For instance, Hawaii has Allstate's lowest average rate at $446 per year, while the company’s rate in Michigan is the highest at $3,451 per year. State Farm's plans are the cheapest in Rhode Island at $765 annually and the most expensive in Texas at $3,994 annually.
Learn how State Farm vs. Allstate homeowners insurance rates vary by state using the MoneyGeek table below.
| Allstate | AK | $1,362 |
| State Farm | AK | $1,176 |
| Allstate | AL | $927 |
| State Farm | AL | $1,482 |
| Allstate | AR | $2,298 |
| State Farm | AR | $1,680 |
| Allstate | AZ | $1,793 |
| State Farm | AZ | $1,224 |
| Allstate | CA | $1,351 |
| State Farm | CA | $1,681 |
| Allstate | CO | $2,465 |
| State Farm | CO | $2,833 |
| Allstate | CT | $1,827 |
| State Farm | CT | $1,665 |
| Allstate | DC | $1,275 |
| State Farm | DC | $2,216 |
| Allstate | DE | $878 |
| State Farm | DE | $817 |
| Allstate | FL | $1,598 |
| State Farm | FL | $2,200 |
| Allstate | GA | $2,019 |
| State Farm | GA | $2,883 |
| Allstate | HI | $446 |
| State Farm | HI | $1,013 |
| Allstate | IA | $1,092 |
| State Farm | IA | $1,052 |
| Allstate | ID | $898 |
| State Farm | ID | $2,020 |
| Allstate | IL | $1,045 |
| State Farm | IL | $1,787 |
| Allstate | IN | $798 |
| State Farm | IN | $1,037 |
| Allstate | KS | $1,956 |
| State Farm | KS | $1,726 |
| Allstate | KY | $859 |
| State Farm | KY | $1,168 |
| Allstate | LA | $1,158 |
| State Farm | LA | $940 |
| Allstate | MA | $3,382 |
| State Farm | MA | $1,705 |
| Allstate | MD | $1,509 |
| State Farm | MD | $1,509 |
| Allstate | ME | $1,492 |
| State Farm | ME | $1,088 |
| Allstate | MI | $3,451 |
| State Farm | MI | $2,518 |
| Allstate | MN | $3,072 |
| State Farm | MN | $2,497 |
| Allstate | MO | $2,800 |
| State Farm | MO | $2,279 |
| Allstate | MS | $1,367 |
| State Farm | MS | $1,782 |
| Allstate | MT | $2,913 |
| State Farm | MT | $3,186 |
| Allstate | NC | $1,885 |
| State Farm | NC | $2,404 |
| Allstate | ND | $1,321 |
| State Farm | ND | $2,703 |
| Allstate | NE | $2,315 |
| State Farm | NE | $3,464 |
| Allstate | NH | $1,002 |
| State Farm | NH | $982 |
| Allstate | NJ | $1,280 |
| State Farm | NJ | $1,107 |
| Allstate | NM | $1,195 |
| State Farm | NM | $1,548 |
| Allstate | NV | $897 |
| State Farm | NV | $1,186 |
| Allstate | NY | $1,743 |
| State Farm | NY | $994 |
| Allstate | OH | $881 |
| State Farm | OH | $783 |
| Allstate | OK | $2,041 |
| State Farm | OK | $2,582 |
| Allstate | OR | $782 |
| State Farm | OR | $965 |
| Allstate | PA | $827 |
| State Farm | PA | $1,662 |
| Allstate | RI | $1,841 |
| State Farm | RI | $765 |
| Allstate | SC | $879 |
| State Farm | SC | $1,368 |
| Allstate | SD | $2,480 |
| State Farm | SD | $2,847 |
| Allstate | TN | $1,750 |
| State Farm | TN | $2,230 |
| Allstate | TX | $3,251 |
| State Farm | TX | $3,994 |
| Allstate | UT | $768 |
| State Farm | UT | $1,055 |
| Allstate | VA | $1,956 |
| State Farm | VA | $1,191 |
| Allstate | VT | $1,047 |
| State Farm | VT | $1,068 |
| Allstate | WA | $1,032 |
| State Farm | WA | $1,250 |
| Allstate | WI | $965 |
| State Farm | WI | $1,323 |
| Allstate | WV | $1,074 |
| State Farm | WV | $955 |
| Allstate | WY | $3,399 |
| State Farm | WY | $2,100 |
Assessing a homeowners insurance company's service quality, in addition to its affordability, is crucial. When you submit a claim for processing, you want timely and efficient service.
Based on J.D. Power’s Home Insurance Study, State Farm and Allstate are on par in terms of service. While customer satisfaction ratings are the same for both insurers, Allstate offers significantly lower premiums, while State Farm has a better track record for financial stability.
Score | Allstate | State Farm |
|---|---|---|
MoneyGeek Score | 90 | 91 |
Satisfaction Score | 4.0 | 4.0 |
Stability Score | 4.5 | 5.0 |
Affordability Score | 5.0 | 5.0 |
Personal property, liability and dwelling coverages are all included in typical homeowners insurance policies. If you want additional protection, you can purchase optional coverages. With 12 optional coverage options, State Farm provides a more extensive selection of add-ons than Allstate’s seven.
Coverage | Allstate | State Farm |
|---|---|---|
Sewer backup coverage
|  | |
Identity theft coverage Covers some of the | | |
Extended reimbursement Extends your limits for | | |
Scheduled personal property coverage Covers the cost of | | |
Building ordinance or law coverage Covers the cost to | | |
Contents replacement cost coverage Covers the cost to | ||
Other optional coverages |
|
|
Only Allstate offers extended reimbursement coverage, which increases your liability limits by up to 120%. However, State Farm provides less common add-ons such as mold, earthquake, home rental and service line coverages, which Allstate does not offer. Including these options in your insurance will protect you from paying for expensive repairs.
MoneyGeek obtained this data from the companies’ websites, and not all available options may be advertised online.
Discounts reduce the price of your coverage and help you save on homeowners insurance. Allstate has 11 discount offerings, while State Farm provides only seven. Allstate’s unique discounts include loyalty, deductible reward, claim forgiveness, autopay and early payment. State Farm offers a popular discount for home improvements, which Allstate does not.
Discount | Allstate | State Farm |
|---|---|---|
Protective device discount Discount for having | | |
Insurance bundling discount Discount for bundling |
| |
Claims-free discount Discount for going | | |
New home discount Discount for homes that | | |
Home renovation discount Discount for homes that | | |
Other advertised discounts |
|
|
State Farm offers most of the popular discounts. Its house renovation discount can help you save when you renovate or improve your property.
Although Allstate does not have a home renovation discount, it offers unique discounts such as loyalty, home buyer, automatic payment, responsible payment, early payment, claim forgiveness and deductible reward.
MoneyGeek acquired this data from the company websites, but not all Allstate and State Farm discounts may be fully disclosed online.
If you are still deciding between companies, we encourage you to review our best homeowners insurance guide, which includes current rates. The actual price of your homeowners insurance could differ depending on several variables, including the cost of home repairs.
To obtain a more reliable estimate of your rate, use MoneyGeek's homeowners insurance calculator.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Oct 23, 2024
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About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
