Farm Bureau Mutual or Erie: Which Company is Best for You?
Choosing an auto insurance company is sometimes difficult: rates vary based on your driving history, age, and location, and companies offer an array of perks. Farm Bureau Mutual and Erie are two of the top insurers, providing competitively priced policies in most states.
To help simplify the process of comparing insurance companies, we've gathered average policy rates from Erie and Farm Bureau Mutual. These cover a variety of rating factors, including credit rating, driving behavior, and age. Check out the below rates and find the right policy for you.
Farm Bureau Mutual vs. Erie: prices by credit level
If you have extremely bad credit, Farm Bureau Mutual could be preferable to Farm Bureau Mutual. On average, Farm Bureau Mutual offers more affordable rates than Erie for drivers with credit scores of lower than 580. Drivers with extraordinary credit — a score of 800 or better — should favor View common insurance rates by credit level for Erie and Farm Bureau Mutual:
RATES BY CREDIT SCORE: ERIE VS. FARM BUREAU MUTUAL
| Credit level | Farm Bureau Mutual avg. annual premium | Erie avg. annual premium |
| Very Poor (300-579) | $1,780 | $2,402 |
| Fair (580-669) | $1,126 | $1,040 |
| Good (670-739) | $1,193 | $894 |
| Very Good (740-799) | $932 | $743 |
| Exceptional (800-850) | $863 | $726 |
Farm Bureau Mutual vs. Erie: rates for bad drivers
If you are dealing with an at-fault accident, speeding violation, reckless driving violation, or DWI on your record, Erie could be a better choice than Farm Bureau Mutual. Every insurance company enacts rate penalties differently, so don't be afraid to shop around to find out which insurer is best for you.
COMPARING AUTO INSURANCE RATES FOR BAD DRIVERS: ERIE VS. FARM BUREAU MUTUAL
| Violation | Farm Bureau Mutual avg. annual premium | Erie avg. annual premium |
| At-fault accident (damage < $1,000) | $1,224 | $893 |
| At-fault accident (damage > $1,000) | $1,294 | $772 |
| DUI/DWI | $1,850 | $1,163 |
| Reckless driving | $1,546 | $760 |
| Speeding ticket | $1,025 | $747 |
Farm Bureau Mutual vs. Erie: rates by age
Car insurance companies use a driver's age to indicate risk, pricing policies accordingly. An auto insurance policy is often most expensive for beginning and young drivers — due to their inexperience — and relatively affordable for middle-aged drivers. Since every insurance company prices age brackets uniquely, it's wise to compare rates and find a suitable policy.
As a general rule, teen drivers should choose Erie over Farm Bureau Mutual: the former's average annual rates are $529 less than the latter's..
COMPARING AUTO INSURANCE RATES BY AGE: ERIE VS. FARM BUREAU MUTUAL
| Age | Farm Bureau Mutual avg. annual premium | Erie avg. annual premium |
| Teens | $2,767 | $2,238 |
| 20s | $1,545 | $1,108 |
| 30s | $984 | $1,108 |
| 40s | $961 | $755 |
| 50s | $866 | $692 |
| 60s | $870 | $676 |
Aside from finances, Farm Bureau Mutual and Erie each come with pros and cons, including discount programs, customer satisfaction ratings, add-ons, and financial stability. Be sure to weigh these elements before deciding.
| Discount Comparison | Farm Bureau Mutual | Erie |
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| Good Student |
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| Multiple Policies |
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| Multiple Vehicles |
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| Anti-Theft Device(s) |
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| Anti-Lock Brake System |
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| Air Bags |
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| Good Driver |
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| Defensive Driver |
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| Student Away at School |
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| Driver Training |
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| Green Vehicles | ||
| Affinity Membership Alum | ||
| Advanced Purchase | ||
| Pay in Full |
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| Home Owner | ||
| eSign or ePay | ||
| Telematics |
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| New Vehicle | ||
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| Military |
| Ratings Comparison | Farm Bureau Mutual | Erie |
|---|---|---|
| Financial Strength | N/A | Superior |
| JD Power Rankings | N/A | Excellent |
| User Satisfaction | N/A | N/A |
| Other Products | Farm Bureau Mutual | Erie |
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| Boat Insurance |
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| Condo Insurance |
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| Life Insurance |
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| Homeowners Insurance |
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| Travel Trailer Insurance |
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| Renters Insurance |
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| RV Insurance |
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| Motorcycle Insurance |
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| Mobile Home Insurance |
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