Farm Bureau Mutual vs Erie: Which is Better for You?
Compare rates from the top car insurance companies in your area.
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 Financial vs. Erie: 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:
INSURER RATES BY CREDIT SCORE: ERIE VS. FARM BUREAU FINANCIAL
|Credit level||Farm Bureau Mutual avg. annual premium||Erie avg. annual premium|
|Very Poor (300-579)||$1,780||$2,402|
|Very Good (740-799)||$932||$743|
Farm Bureau Financial vs. Erie: by citation
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.
INSURER RATES BY VIOLATION: ERIE VS. FARM BUREAU FINANCIAL
|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|
Farm Bureau Financial vs. Erie: 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..
INSURER RATES BY AGE: ERIE VS. FARM BUREAU FINANCIAL
|Age||Farm Bureau Mutual avg. annual premium||Erie avg. annual premium|
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|
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|Ratings Comparison||Farm Bureau Mutual||Erie|
|JD Power Rankings||N/A||Excellent|
|Other Products||Farm Bureau Mutual||Erie|
|Travel Trailer Insurance|
|Mobile Home Insurance|
|Other Features||Farm Bureau Mutual||Erie|
|About||Farm Bureau Mutual of Iowa focuses on building trusted relationships and helping you protect what matters most, so they can help you find the right products at the right time as you work to achieve your goals.||Erie Insurance provides customers with the flexibility to customize their car insurance by offering over 30 extra policy features, along with the highest levels of customer service.|
|Roadside Assistance||Farm Bureau Mutual offers 24/7 roadside assistance to members at no added expense. The company's Emergency Roadside Assistance coverage includes up to $100 for emergency service nationwide.||Erie provides 24-hour roadside assistance for an additional fee on your policy that covers reasonable auto towing and required labor cost at the site of your vehicle breakdown.|
|Additional Discounts||None Available||Erie offers an additional discount called "Reduced Usage" that provides a lower rate on your policy if your vehicle is unused for 90 consecutive days during the policy period.|
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