Farm Bureau Mutual vs Farmers: Which is Better for You?

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Farm Bureau Mutual or Farmers: Which company is best for you?

Selecting a car insurance company can be hard: companies' rates differ based on your location, vehicle, and driving record, and every company provides a different set of discounts. Farm Bureau Mutual and Farmers are two of the most popular insurance companies, providing competitively priced insurance policies across many states.

In an effort to simplify the comparison process, we've pulled average policy prices from Farmers and Farm Bureau Mutual. These rates cover myriad pricing factors, including credit history, driving record, and age. Take a look at these rates and find the perfect policy for you.


Farm Bureau Financial vs. Farmers: by credit level

If you have extremely bad credit, Farm Bureau Mutual could be a better option for you. Typically, Farm Bureau Mutual offers more affordable rates than Farmers for prospective clients with credit scores of less than 580. Drivers with exceptional credit — a score of 800 or higher — should opt for Farm Bureau Mutual, which typically beats Farmers by $491 per year. Check out typical insurance rates by credit score for Farmers and Farm Bureau Mutual:

Credit score Farm Bureau Mutual avg. annual premium Farmers avg. annual premium
Very Poor (300-579) $1,780 $2,633
Fair (580-669) $1,126 $1,736
Good (670-739) $1,193 $1,882
Very Good (740-799) $932 $1,459
Exceptional (800-850) $863 $1,354

Farm Bureau Financial vs. Farmers: by violation

If you have an at-fault crash, speeding violation, reckless driving citation, or DUI in your rear view mirror, Farm Bureau Mutual could be a better choice than Farmers. Every insurer will handle driving offenses differently, so don't be afraid to shop around to figure out which insurance company suits you.

Citation Farm Bureau Mutual avg. annual premium Farmers avg. annual premium
At-fault accident (damage < $1,000) $1,224 $2,334
At-fault accident (damage > $1,000) $1,294 $1,699
DUI/DWI $1,850 $3,239
Reckless driving $1,546 $4,636
Speeding ticket $1,025 $2,045

Farm Bureau Financial vs. Farmers: by age

Insurance companies use a driver's age to indicate risk, assigning rates on a sliding scale. An auto insurance policy is commonly priciest for teen drivers — due to their increased odds of being involved in an accident — and more affordable for drivers aged 25 or older. Because each insurance company rates ages in a different way, it's smart to shop around and find a great rate.

As a general rule, teen drivers should choose Farm Bureau Mutual over Farmers: Farm Bureau Mutual offers average yearly savings of $3,751, compared to Farmers.

Age tier Farm Bureau Mutual avg. annual premium Farmers avg. annual premium
Teens $2,767 $6,518
20s $1,545 $2,020
30s $984 $2,020
40s $961 $1,511
50s $866 $1,507
60s $870 $1,402

Finances aside, there are myriad pros and cons of both Farm Bureau Mutual and Farmers, including their customer satisfaction ratings, discount programs, add-ons, and financial stability. Dive into the data before making your decision.

Discount Comparison Farm Bureau Mutual Farmers
Good Student supported supported
Multiple Policies supported supported
Multiple Vehicles supported supported
Anti-Theft Device(s) supported
Anti-Lock Brake System supported
Air Bags supported
Good Driver supported supported
Defensive Driver
Student Away at School supported
Driver Training supported
Green Vehicles supported
Affinity Membership Alum
Advanced Purchase
Pay in Full
Home Owner supported
eSign or ePay
Telematics supported
New Vehicle
Annual Mileage supported
Ratings Comparison Farm Bureau Mutual Farmers
Financial Strength Question mark icon N/A Excellent
JD Power Rankings Question mark icon N/A Excellent
User Satisfaction Question mark icon N/A N/A
Other Products Farm Bureau Mutual Farmers
Boat Insurance supported supported
Condo Insurance supported supported
Life Insurance supported supported
Homeowners Insurance supported supported
Travel Trailer Insurance supported supported
Renters Insurance supported supported
RV Insurance supported supported
Motorcycle Insurance supported supported
Mobile Home Insurance supported supported
Other Features Farm Bureau Mutual Farmers
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. Farmers Insurance Hawaii knows how important it is for you to protect your vehicle and save money. That’s why they offer discounts and benefits you may want, along with unparalleled customer and claim 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. Farmer's Roadside Assistance provides assistance for reasonable and necessary services up to $150, including towing, roadside winching, locksmith services, flat tire changes, and jump starts.
Additional Discounts None Available Farmers offers an additional discount for seniors.
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