American Family vs. Indiana Farm Bureau: Which Company is the Best Fit for You?

So, you're in the market for a new auto insurance policy. You may have even narrowed down your search to American Family and Indiana Farm Bureau. But which of these two companies is the best one for you? Read on to find which carrier has the best prices and biggest discounts.
Newly insured car driving down the road
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Quick Facts

  • In general, American Family offers significantly cheaper premiums than Indiana Farm Bureau
  • American Family offers less expensive average rates for policyholders whose driving record contains an at-fault collision
  • Indiana Farm Bureau has more affordable premiums in IN


American Family or Indiana Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to American Family or Indiana Farm Bureau for your next policy, but which company has less expensive prices for insurance?

American Family Indiana Farm Bureau
$140$180

Looking at the national average rates for both carriers, American Family has average rates that are around 22% a month more affordable than those from Indiana Farm Bureau.

Even so, American Family may not be the cheapest or best option for every single driver out there. Car insurance companies vary their rates depending on things like where you live, how old you are, how good your credit score is, how clean your driving record is, and tons of other factors, so prices will vary quite a bit from person to person.

Wanting to know if American Family or Indiana Farm Bureau is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

American Family vs. Indiana Farm Bureau: Average Car Insurance Rates by State

State American Family Indiana Farm Bureau
IN$121$180

American Family and Indiana Farm Bureau only compete against each other in Indiana, where American Family offers the cheaper average premiums. American Family drivers tend to pay about $59 per month less on average compared to drivers who use Indiana Farm Bureau for their insurance.

There's a lot more that goes into your auto insurance cost than just where you live. Continue reading to see how other variables will affect your rates.


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Which is the Best Company For Young Drivers?

American Family Indiana Farm Bureau
18-year-old drivers$311$445
25-year-old drivers$121$146

You might already know that teen drivers usually pay a lot more for car insurance than any other group of drivers out there on the road. It's because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have American Family for their auto insurance pay almost 30% less than those who use Indiana Farm Bureau. It's worth noting that American Family offers insurance in 16 different states compared to Indiana Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

But both carriers will offer you dramatically lower rates once you turn 25. For example, average premiums for American Family policyholders decrease over 60% and Indiana Farm Bureau's prices drop more than 65% over that time.

Which is the Best Company for Retired Drivers?

American Family Indiana Farm Bureau
65+-year-old drivers$107$124

Drivers around retirement age typically enjoy some of the most affordable car insurance rates you'll ever see. After all, they've likely been driving for quite some time, which normally decreases their chances of collisions and other infractions that can raise premiums.

So, which carrier offers the best prices to retired drivers? American Family gets the edge here, with average rates coming in at about $107 per month compared to Indiana Farm Bureau's $124.

Which is the Best Company for Married Drivers?

American Family Indiana Farm Bureau
Single$166$214
Married$106$135

You may not be aware, but auto insurance premiums tend to be cheaper for married couples than they are for single policyholders. That's generally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For those who are single, the difference in average rates between these two companies is significant, with American Family prices coming in at a quarter less than Indiana Farm Bureau's. The advantage for married drivers with American Family is also obvious, where drivers save over 20% a month.

American Family or Indiana Farm Bureau: Average Rates by Gender

American Family Indiana Farm Bureau
Male$143$193
Female$138$167

Because women are less likely to get into accidents and get speeding tickets, they are less likely to file a claim with insurance. So, insurance carriers will tend to charge women less than men.

Men usually pay around $5 per month more than women with American Family, and about $26 more with Indiana Farm Bureau.

When it comes to the lowest rates for each gender, American Family comes out on top for both men and women, with average premiums $50 less for men and $29 cheaper for women.


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American Family vs. Indiana Farm Bureau: Compare State Minimum vs. Full Coverage Rates

American Family Indiana Farm Bureau
State Minimum*$96$97
Full Coverage**$185$263

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be pretty complicated. There are lots of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

That being said, most policies end up falling into two different types of coverage -- liability coverage (that covers property damage and bodily injury for other drivers and passengers if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, American Family has the slight edge, with average monthly prices coming in at $96. If you want a full coverage policy with the same state minimum limits, American Family again has the edge, with policies averaging around $185 a month to Indiana Farm Bureau's $263.

Is American Family or Indiana Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with speeding tickets and accidents on your record, but which of these two carriers offers the most affordable prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

American Family Indiana Farm Bureau
Clean Record$118$123
1 Speeding Ticket$147$179

Policyholders who use American Family for their insurance can typically expect their monthly bill to go up about 20% after getting a speeding ticket. Indiana Farm Bureau policyholders can expect a bit more drastic of an increase of around 31%.

However, American Family tends to offer the best prices for drivers both with clean records and with a ticket, offering premiums that are $5 and $32 more affordable, respectively, compared to Indiana Farm Bureau Insurance.

Which Company is Best for Drivers After an Accident?

American Family Indiana Farm Bureau
Clean Record$118$123
1 At-Fault Accident$138$195

American Family drivers who get in a collision can expect to see their rates increase by just under 15%, while those who have insurance through Indiana Farm Bureau will see about a 35% increase.

At the end of the day, drivers who use American Family end up with the cheaper prices after an accident, with average premiums coming in at $138 compared to Indiana Farm Bureau Insurance's $195.

Which Company is Best for Drivers with a DUI?

American Family Indiana Farm Bureau
Clean Record$118$123
1 DUI$158$224

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. On average, Indiana Farm Bureau will increase your prices around 45% after a DUI, while American Family's average rates climb by more than 25%.

American Family has the overall lowest premiums for drivers with a DUI on their records at $158 a month, but it's worth noting that American Family's average rates come from 16 states compared to just one for Indiana Farm Bureau, so the data may be skewed slightly.


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How does Credit Score Impact American Family and Indiana Farm Bureau Rates?

You may not have known, but your credit score can be used as one of the factors to determine your monthly insurance prices. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it does affect a lot of policyholders out there.

Auto insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking at American Family and Indiana Farm Bureau specifically, which one has the cheapest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

American Family Indiana Farm Bureau
Excellent Credit Score$100$111
Good Credit Score$120$141

If you have a solid credit score, American Family will normally reward you the most. For policyholders with "excellent" credit scores, American Family comes in nearly NaN less expensive. Drivers with "good" credit scores usually save about 15% with American Family compared to average prices from Indiana Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

American Family Indiana Farm Bureau
Fair Credit Score$141$180
Poor Credit Score$201$288

American Family typically offers lower premiums than Indiana Farm Bureau when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 22% per month less with American Family compared to Indiana Farm Bureau, and those with "poor" scores generally save an average of about 30% monthly.


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Is American Family or Indiana Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

American Family Indiana Farm Bureau
6,000 Annual Miles$138$180
12,000 Annual Miles$143$180

How much you drive can have a substantial impact on your monthly car insurance payment. That's because the more milage you put on your car each year, the more likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Indiana Farm Bureau charges. However, there's a small difference in monthly prices for American Family, with policyholders who drive 6,000 miles annually paying around $5 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, American Family is the cheaper company.

American Family or Indiana Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a pretty big impact as well. Typically, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads where they live.

American Family Indiana Farm Bureau
Urban Areas$166$187
Suburban Areas$134$197
Rural Areas$121$156

American Family boasts the lowest average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about 22% with American Family compared to Indiana Farm Bureau. People who live in suburban areas pay around 32% less with American Family compared to Indiana Farm Bureau. For policyholders in urban ZIP codes, American Family Insurance's average rates are about 11% less than Indiana Farm Bureau Insurance.

American Family vs. Indiana Farm Bureau Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you can take advantage of or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and looked at all of the different discounts American Family and Indiana Farm Bureau offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

American Family Indiana Farm Bureau
ABS Discount 
Advance Quote Discount 
Agri-Business Discount 
Anti-Theft Discount 
Connect Partner Discount 
Covid-19 Relief Discount 
Defensive Driver Discount 
Distant Student Discount 
DRL Discount 
Education Discount 
EFT Discount 
Employee Discount 
ESC Discount 
Generational Discount 
Good Driving Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Life Policy Discount 
Multi-Car Discount

American Family knocks Indiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 21 different discounts to Indiana Farm Bureau's 15.

A couple of those are overlapping for things like discounts for being a good student, multi-policy discounts, and paperless discounts. American Family also offers discounts for advance quote, anti-theft, connect partner, and more.

On the other hand, Indiana Farm Bureau has a few proprietary discounts of their own for things like ABS discounts, agri-business discounts, education discounts, and more.


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Final Thoughts: Is American Family or Indiana Farm Bureau Best for You?

So, you've seen how different variables can affect your insurance premiums. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, which carrier is the best carrier for you and your specific driver profile?

American Family might be best for you if....

  • You have an at-fault collision on your record.
  • You already have a great credit score.
  • You're of retirement age and want to take advantage of lower prices.


Indiana Farm Bureau might be best for you if...

  • You live in one of the following states: Indiana.

Hopefully, this guide helps you get a good idea of the differences between American Family and Indiana Farm Bureau and that it aids in making a more informed decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from several companies, not just American Family and Indiana Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.


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American Family vs. Indiana Farm Bureau FAQs

Is American Family or Indiana Farm Bureau cheaper?

American Family is the less expensive of the two companies when looking at national average rates, with policies averaging $140 a month with American Family and $180 for Indiana Farm Bureau. But that doesn't mean American Family will be the most affordable company for every policyholder, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, American Family or Indiana Farm Bureau?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is "better" for each policyholder -- it all comes down to what your unique auto insurance profile looks like.

Why do American Family and Indiana Farm Bureau offer me different rates?

Car insurance carriers use quite a few different variables when determining the prices they charge. Things like gender, age, where your home is, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both American Family and Indiana Farm Bureau calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if American Family or Indiana Farm Bureau is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't American Family or Indiana Farm Bureau at all, but another you hadn't even thought of!


Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.

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