Farm Bureau Mutual vs Nationwide: Which is Better for You?
Compare rates from the top car insurance companies in your area.
Farm Bureau Mutual or Nationwide: Which company is best for you?
Deciding on a car insurance company is difficult: the rates each insurer offers can vary widely based on your driving record, location, and age, and every company's discounts vary. Farm Bureau Mutual and Nationwide are two of the most popular insurers, offering affordable insurance policies across most of America.
To help simplify the process of comparing insurance companies, we've gathered typical policy prices from Nationwide and Farm Bureau Mutual. These cover a variety of rating factors, including credit rating, driving behavior, and demographics. Compare rates and find the perfect policy for you.
Farm Bureau Financial vs. Nationwide: by credit level
If you have very bad credit, Nationwide could be a better option for you. On average, Nationwide offers cheaper rates than Farm Bureau Mutual for drivers with credit scores of 579 or less. Drivers with exceptional credit — a score of 800-plus — should opt for Farm Bureau Mutual, which typically beats Nationwide by $174 per year. Check out common insurance costs by credit score for Nationwide and Farm Bureau Mutual below.
INSURER RATES BY CREDIT SCORE: NATIONWIDE VS. FARM BUREAU FINANCIAL
|Credit level||Farm Bureau Mutual avg. annual premium||Nationwide avg. annual premium|
|Very Poor (300-579)||$1,780||$1,593|
|Very Good (740-799)||$932||$1,109|
Farm Bureau Financial vs. Nationwide: by citation
If you're carrying an at-fault collision, speeding ticket, reckless driving citation, or DUI on your driving record, Farm Bureau Mutual could be a better choice than Nationwide. Every insurance company will handle driving offenses differently, so it's worth comparing quotes to figure out which insurer is best for you.
INSURER RATES BY VIOLATION: NATIONWIDE VS. FARM BUREAU FINANCIAL
|Infraction||Farm Bureau Mutual avg. annual premium||Nationwide avg. annual premium|
|At-fault accident (damage < $1,000)||$1,224||$1,836|
|At-fault accident (damage > $1,000)||$1,294||$1,475|
Farm Bureau Financial vs. Nationwide: by age
Insurance companies rely on a driver's age to outline risk potential, pricing policies on a sliding scale. An insurance policy is usually priciest for teen drivers — due to their increased odds of being involved in an accident — and relatively affordable for older drivers. Because each insurance company evaluates age tiers differently, it's a smart move to shop around.
As a general rule, teen drivers should choose Farm Bureau Mutual over Nationwide: Farm Bureau Mutual offers average yearly savings of $857, compared to Nationwide.
INSURER RATES BY AGE: NATIONWIDE VS. FARM BUREAU FINANCIAL
|Age||Farm Bureau Mutual avg. annual premium||Nationwide avg. annual premium|
Aside from finances, Farm Bureau Mutual and Nationwide each have pros and cons, including the insurers' discount programs, add-ons, customer satisfaction ratings, and financial stability. Dive into the data before making your decision.
|Discount Comparison||Farm Bureau Mutual||Nationwide|
|Anti-Lock Brake System|
|Student Away at School|
|Affinity Membership Alum|
|Pay in Full|
|eSign or ePay|
|Ratings Comparison||Farm Bureau Mutual||Nationwide|
|JD Power Rankings||N/A||Average|
|Other Products||Farm Bureau Mutual||Nationwide|
|Travel Trailer Insurance|
|Mobile Home Insurance|
|Other Features||Farm Bureau Mutual||Nationwide|
|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.||Auto Insurance from Nationwide gives you peace of mind when you're on the road. Save money without sacrificing coverage by participating in one of our usage-based discount programs, and save even more with multi-policy discounts. With our On Your Side Claims® Service, you'll get a written guarantee on repairs and a choice of qualified car repair shops you can trust.|
|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.||Nationwide's Roadside Assistance is available in select states. Two levels of emergency Roadside Assistance coverage—Basic and Plus—are available. Nationwide Roadside Assistance Basic applies to everyone on your policy, in any car you might occupy with coverage that includes towing up to 15 miles, ditch extraction service, emergency fuel, battery jump-start, locksmith services up to $100 and tire changes. Nationwide Roadside Assistance Plus includes all the previously listed services in addition to a tow up to 100 miles and trip interruption coverage that may reimburse your expenses up to $500 for alternate transportation, lodging and meals if you find yourself broken down 100 or more miles from home.|
|Additional Discounts||None Available||Nationwide offers additional savings through a Family Discount, which allows you to share discounts with members of your family.|
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