Farm Bureau Mutual vs. Progressive: Which is Better for You?

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

Picking a car insurer is complex: rates may vary by driving record, location, and age, and every company provides a different set of discounts. Farm Bureau Mutual and Progressive are two of the top insurance companies, selling competitively priced coverage in most American states.

In an effort to simplify the comparison process, we gathered average insurance rates from Progressive and Farm Bureau Mutual. The below cover a variety of rating factors, including credit, driving history, and age. Examine these rates and find an affordable policy today.


Farm Bureau Financial vs. Progressive: by credit level

If you have very poor credit, Farm Bureau Mutual could be a better option for you. Typically, Farm Bureau Mutual offers better prices than Progressive for drivers with credit scores of 579 or less. Insurance shoppers with exceptional credit — a score of 800 or higher — should consider Farm Bureau Mutual, which typically beats Progressive by $457 per year. Check out typical insurance costs by credit tier for Progressive and Farm Bureau Mutual below.

Credit level Farm Bureau Mutual avg. annual premium Progressive avg. annual premium
Very Poor (300-579) $1,780 $3,602
Fair (580-669) $1,126 $2,127
Good (670-739) $1,193 $1,708
Very Good (740-799) $932 $1,453
Exceptional (800-850) $863 $1,320

Farm Bureau Financial vs. Progressive: by citation

If you have an at-fault crash, speeding ticket, reckless driving violation, or DWI in your recent history, Farm Bureau Mutual could be a better choice than Progressive. Every car insurance company prices policies differently after a violation, so don't hesitate to shop around to find out which insurance company suits you.

Violation Farm Bureau Mutual avg. annual premium Progressive avg. annual premium
At-fault accident (damage < $1,000) $1,224 $2,720
At-fault accident (damage > $1,000) $1,294 $2,245
DUI/DWI $1,850 $2,201
Reckless driving $1,546 $2,457
Speeding ticket $1,025 $2,091

Farm Bureau Financial vs. Progressive: by age

Insurers use a driver's age as an indicator of potential risk, assigning rates accordingly. An insurance policy is commonly most expensive for teen drivers — due to their increased odds of being involved in an accident — and relatively affordable for drivers aged 25 or older. Since every insurance company prices age tiers uniquely, it's a smart move to shop around.

As a general rule, teen drivers should choose Farm Bureau Mutual instead of Progressive: Farm Bureau Mutual offers average yearly savings of $5,481, compared to Progressive.

Age Farm Bureau Mutual avg. annual premium Progressive avg. annual premium
Teens $2,767 $8,248
20s $1,545 $2,287
30s $984 $2,287
40s $961 $1,644
50s $866 $1,542
60s $870 $1,403

Aside from affordability, Farm Bureau Mutual and Progressive both have pros and cons, 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 Progressive
Good Student supported supported
Multiple Policies supported supported
Multiple Vehicles supported supported
Anti-Theft Device(s)
Anti-Lock Brake System
Air Bags
Good Driver supported
Defensive Driver
Student Away at School supported
Driver Training supported
Green Vehicles
Affinity Membership Alum
Advanced Purchase
Pay in Full supported
Home Owner supported
eSign or ePay
Telematics supported supported
New Vehicle
Annual Mileage supported
Ratings Comparison Farm Bureau Mutual Progressive
Financial Strength Question mark icon N/A Superior
JD Power Rankings Question mark icon N/A Below average
User Satisfaction Question mark icon N/A N/A
Other Products Farm Bureau Mutual Progressive
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 Progressive
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. Since 1938, Progressive has made it easy to understand, buy, and use car insurance. In fact, as one of the largest insurance companies out there and the number one personal auto insurer by written premium among independent agents, you can choose the coverage options that make the most sense to you.
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. Progressive's Roadside Assistance offers towing service, winching service, flat tire change, battery jump-start, battery charge for electric cars, locksmith service, on-scene labor, and emergency gasoline delivery, and depending on your policy, these may come with no out-of-pocket fee. In most states, you'll need to have Comprehensive and Collision coverage on the vehicle to add Progressive's Roadside Assistance.
Additional Discounts None Available Progressive offers additional savings through a loyalty rewards program which includes perks like priority call service, renewal guarantees, and accident forgiveness, based on the amount of time you’ve been with the company.
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