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.
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:
| 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 |
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.
| 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 |
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..
| 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 |
|---|---|---|
| Good Student | ||
| Multiple Policies | ||
| Multiple Vehicles | ||
| Anti-Theft Device(s) | ||
| Anti-Lock Brake System | ||
| Air Bags | ||
| Good Driver | ||
| Defensive Driver | ||
| Student Away at School | ||
| Driver Training | ||
| Green Vehicles | ||
| Affinity Membership Alum | ||
| Advanced Purchase | ||
| Pay in Full | ||
| Home Owner | ||
| eSign or ePay | ||
| Telematics | ||
| New Vehicle | ||
| Annual Mileage | ||
| Military |
| Ratings Comparison | Farm Bureau Mutual | Erie |
|---|---|---|
| Financial Strength | N/A | Superior |
| JD Power Rankings | N/A | Above average |
| User Satisfaction | N/A | N/A |
| Other Products | Farm Bureau Mutual | Erie |
|---|---|---|
| Boat Insurance | ||
| Condo Insurance | ||
| Life Insurance | ||
| Homeowners Insurance | ||
| Travel Trailer Insurance | ||
| Renters Insurance | ||
| RV Insurance | ||
| Motorcycle 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. |
| Recent Questions | Will Erie reinstate my policy after non-payment? It's very likely they will reinstate your policy if you pay the amount past due and any potential fees associated with the cancellation. Because each company has their own administrative rules regarding reinstatement, it's very likely for you to be able to get your policy active again. See More Questions | |
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