Farm Bureau Mutual vs Farmers: Which is Better for You?
Compare rates from the top car insurance companies in your area.
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:
INSURER RATES BY CREDIT SCORE: FARMERS VS. FARM BUREAU FINANCIAL
|Credit score||Farm Bureau Mutual avg. annual premium||Farmers avg. annual premium|
|Very Poor (300-579)||$1,780||$2,633|
|Very Good (740-799)||$932||$1,459|
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.
INSURER RATES BY VIOLATION: FARMERS VS. FARM BUREAU FINANCIAL
|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|
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.
INSURER RATES BY AGE: FARMERS VS. FARM BUREAU FINANCIAL
|Age tier||Farm Bureau Mutual avg. annual premium||Farmers avg. annual premium|
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|
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|Ratings Comparison||Farm Bureau Mutual||Farmers|
|JD Power Rankings||N/A||Excellent|
|Other Products||Farm Bureau Mutual||Farmers|
|Travel Trailer Insurance|
|Mobile Home Insurance|
|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.|
|Top States||Arizona Iowa Kansas Minnesota Nebraska New Mexico South Dakota Utah||Arizona California Florida Illinois Michigan New Jersey New York Ohio Pennsylvania Texas|