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

How do American Family and Indiana Farmers compare when it comes to insurance prices and discounts? If you want to find out which company has the best rates for your unique profile, check out our latest guide below.
Newly insured car driving down the road
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Quick Facts

  • In general, Indiana Farmers offers significantly cheaper premiums than American Family
  • American Family offers more discounts than Indiana Farmers Insurance
  • Indiana Farmers offers more affordable prices for drivers who have received a ticket within the last few years


American Family vs. Indiana Farmers: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering huge discounts, you're probably wondering exactly how much you might be able to save.

You might be considering American Family or Indiana Farmers as potential options, but which carrier has less expensive rates for car insurance?

American Family Indiana Farmers
$140$81

As you can see, Indiana Farmers has average rates that are about 40% per month more affordable than those from American Family when looking at the national average rates for auto insurance.

However, that doesn't mean Indiana Farmers will necessarily be cheaper than American Family for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, your driving record, your age, or even where you call home (among other things), so premiums will change quite a bit from person to person.

So, if you want to find out which of American Family or Indiana Farmers is really the best for you, keep reading to see average prices for each carrier broken down by multiple different rate factors.

American Family or Indiana Farmers: Average Car Insurance Rates by State

State American Family Indiana Farmers
IN$121$81

American Family and Indiana Farmers only compete against each other in Indiana, where Indiana Farmers offers the cheaper average rates. For Indiana residents, Indiana Farmers offers auto insurance for $81 per month on average. American Family's average premiums come out to be over 40% more expensive, at $121 monthly.

There's a lot more that goes into your insurance bill than just where you call home. Keep reading to learn more.


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Which is the Best Company For Young Drivers?

American Family Indiana Farmers
18-year-old drivers$311$142
25-year-old drivers$121$81

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. The reason is that young, inexperienced drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. As you can see above, teens who use Indiana Farmers save more than $150 a month compared to those who use American Family. It's worth noting that American Family offers car insurance in 16 different states compared to Indiana Farmers's one, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both carriers will lower prices by the time you turn 25. For example, average premiums for American Family policyholders decrease over 60% and Indiana Farmers's rates drop nearly 45% over that time.

Which is the Best Company for Retired Drivers?

American Family Indiana Farmers
65+-year-old drivers$107$67

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices you'll ever find.

So, which company offers the best rates to retired drivers? Indiana Farmers gets the edge, with premiums for drivers 65 and older more than 35% more affordable than the national average for American Family.

Which is the Best Company for Married Drivers?

American Family Indiana Farmers
Single$166$92
Married$106$66

You may not be aware, but car insurance prices tend to be less expensive for married drivers than they are for single drivers. This usually boils down to married couples having more than one car on their policy -- something lots of auto insurance companies will reward with discounts.

When it comes to relationship status, Indiana Farmers is the clear winner for single policyholders, with premiums around $74 per month cheaper than American Family, on average. The advantage for married policyholders with Indiana Farmers is also obvious, where drivers save about $40 a month.

American Family vs. Indiana Farmers: Average Rates by Gender

American Family Indiana Farmers
Male$143$84
Female$138$77

Men are statistically more likely than women to get into accidents and file an insurance claim. That means when it comes to insurance men will generally end up paying a little more.

Men usually pay around 3% more per month than women with American Family, while with Indiana Farmers, the difference is closer to 8% a month.

Looking at overall affordability, Indiana Farmers comes out on top for both men and women. On average, women save about $61 per month and men save about $59 with Indiana Farmers compared to the average American Family policyholder.


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American Family or Indiana Farmers: Compare State Minimum vs. Full Coverage Rates

American Family Indiana Farmers
State Minimum*$96$44
Full Coverage**$185$118

*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.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy.

But most policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to liability).

If you're looking for state minimum liability limits, Indiana Farmers typically offers significantly less expensive rates of $44 compared to American Family's $96. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies around $65 a month more affordable than American Family, on average.

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

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and at-fault collisions on your record, but which of these two carriers offers the lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

American Family Indiana Farmers
Clean Record$118$70
1 Speeding Ticket$147$84

American Family policyholders can expect their rates to go up an average of $29 per month if they get a ticket, while Indiana Farmers generally raises prices about $14 a month, on average.

Even so, Indiana Farmers has less expensive premiums for drivers in both categories, offering rates that are 41% and 43% cheaper, respectively, compared to American Family Insurance.

Which Company is Best for Drivers After an Accident?

American Family Indiana Farmers
Clean Record$118$70
1 At-Fault Accident$138$84

Both companies will increase prices pretty significantly if you get into an at-fault accident with American Family raising by $20. Indiana Farmers has a less extreme increase, but you can still expect to pay just under $15 more than you were prior to your first collision.

Overall, Indiana Farmers offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly rates averaging $84 compared to American Family Insurance's $138.

Which Company is Best for Drivers with a DUI?

American Family Indiana Farmers
Clean Record$118$70
1 DUI$158$84

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- typically a lot more than a collision or speeding ticket. On average, American Family will raise your premiums around 25% after a DUI, while Indiana Farmers's average prices increase by over 15%.

Indiana Farmers has the overall cheapest rates for drivers with a DUI on their records at $84 a month, but it's worth noting that American Family's average rates come from 16 states compared to just one for Indiana Farmers, so the data may be skewed slightly.


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How does Credit Score Impact American Family and Indiana Farmers Rates?

Did you know that many insurance carriers take your credit score into account when calculating prices? Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for many drivers.

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking at American Family and Indiana Farmers specifically, which company has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

American Family Indiana Farmers
Excellent Credit Score$100$60
Good Credit Score$120$68

If you have a solid credit score, you'll usually find a better deal with Indiana Farmers. Policyholders with "excellent" credit can save 40% compared to American Family, and those with "good" scores can also expect to see savings -- about $52 or 43% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

American Family Indiana Farmers
Fair Credit Score$141$79
Poor Credit Score$201$116

Indiana Farmers typically offers lower prices than American Family when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around $62 per month less with Indiana Farmers compared to American Family, and those with "poor" scores normally save an average of about $85 per month.


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

American Family Indiana Farmers
6,000 Annual Miles$138$80
12,000 Annual Miles$143$82

How much you drive can have a considerable impact on your monthly car insurance payment. Usually, those who drive less will end up with less expensive rates since there's less of a chance of getting into an accident and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Indiana Farmers offers cheaper premiums than American Family. Indiana Farmers's average prices for drivers with 6,000 annual miles come in around $58 more affordable than American Family. Those who drive 12,000 miles annually can expect to pay about $61 less with Indiana Farmers over American Family.

American Family vs. Indiana Farmers: 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 insurance, but the type of area you live in can have a sizable impact as well. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

American Family Indiana Farmers
Urban Areas$166$88
Suburban Areas$134$83
Rural Areas$121$72

Indiana Farmers tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest premiums from both companies, but Indiana Farmers comes out on top with average prices around $72 monthly. Indiana Farmers also has less expensive average rates for policyholders in urban and suburban ZIP codes -- a $78 and $51 a month respective difference when compared to American Family drivers in similar areas.

American Family vs. Indiana Farmers Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many car insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you qualify for.

Below, we've broken down all of the different discounts offered by both American Family and Indiana Farmers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

American Family Indiana Farmers
Advance Quote Discount
Anti-Theft Discount 
Connect Partner Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Distant Student Discount 
DRL Discount 
EFT Discount 
ESC Discount 
Generational Discount 
Good Driving Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Mature Driver Discount 
Multi-Car Discount 
Multi-Policy Discount
Paid In Full Discount 
Paperless Discount 
Renewal Discount

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

Both carriers offer a lot of the same discounts -- like advance quote discounts, discounts for being a good student, and renewal discounts -- but American Family also offers anti-theft discounts, connect partner discounts, COVID-19 relief discount, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a couple unique discounts of its own -- discounts for being a good driver, mature driver discounts, and select market discounts.


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

So, we've broken down the average premiums for many of the factors auto insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, which company is the best fit for you?

Indiana Farmers might be best for you if....

  • You have an at-fault collision on your record.
  • You live in an suburban area.
  • You and your spouse are buying insurance together.


American Family might be best for you if...

  • You're thinking about moving to another state -- Indiana Farmers Insurance is only available in IN.
  • You want to save extra money with discounts.

We hope this guide has ben a valuable resource as you compare American Family and Indiana Farmers. We also hope we've given you the information you need to make the best decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just American Family and Indiana Farmers. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.


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American Family vs. Indiana Farmers FAQs

Is American Family or Indiana Farmers cheaper?

Looking just at the national average rates, Indiana Farmers is the cheaper of the two carriers, offering average rates of $81 per month compared to $140 for American Family. But Indiana Farmers won't necessarily be the most affordable carrier for everyone, since there are several different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, American Family or Indiana Farmers?

Sadly, the real answer is "it depends.". No single company is "better" for each driver -- it all depends on what your unique insurance profile looks like.

Why do American Family and Indiana Farmers offer me different rates?

Car insurance companies take a look at quite a few different factors when determining the premiums they charge policyholders. Things like gender, your driving record, where you park your vehicle, age, and sometimes even things like your credit score can all come into play. Both American Family and Indiana Farmers calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the auto insurance company that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best carrier for you might not be American Family or Indiana Farmers at all!


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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