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

Quick Facts

• Based on national averages for auto insurance, Missouri Farm Bureau offers significantly more affordable premiums than American Family
• American Family may help you save more money -- they offer more discounts than Missouri Farm Bureau Insurance
• Missouri Farm Bureau offers cheaper average rates for single people who will be the only person on the insurance policy

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering huge savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to American Family or Missouri Farm Bureau, but between the two, which company will offer you less expensive prices?

Looking at nationwide averages, American Family has average rates that are around 21% a month more expensive than those from Missouri Farm Bureau.

That being said, that doesn't mean Missouri Farm Bureau will necessarily be more affordable than American Family for every single driver. Auto insurance carriers use a ton of complex algorithms to determine rates, so depending on where you live or how clean your driving record is (among a lot of other factors), you could see wildly different premiums from the ones above.

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

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

American Family and Missouri Farm Bureau only compete against each other in Missouri, where Missouri Farm Bureau offers the cheaper average premiums. Missouri Farm Bureau drivers tend to pay about $56 per month less on average compared to drivers who use American Family for their insurance.

There are plenty of other factors that go into your car insurance cost than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. It's normally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. Just look at the table above -- where 18-year-old drivers who have Missouri Farm Bureau for their insurance pay over 20% less than those who use American Family. It's worth noting that American Family offers auto insurance in 16 different states compared to Missouri Farm Bureau's one, which can skew the average prices a bit, but the difference here is still considerable.

Even so, both companies will reduce rates by the time you turn 25. Missouri Farm Bureau offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. American Family's average premiums lower more than 60% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

So, which carrier offers the best prices to retired drivers? Missouri Farm Bureau gets the edge, with premiums for drivers 65 and older almost 25% cheaper than the national average for American Family.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are generally more expensive for single policyholders than they are for married policyholders? That's because policies for married drivers typically cover multiple vehicles, which many carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with Missouri Farm Bureau premiums coming in at a quarter less than American Family's. The advantage is also clear for married couples - Missouri Farm Bureau offers the most affordable average rates.

American Family or Missouri Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get speeding tickets and get into accidents, which means they'll normally end up paying more for car insurance than women.

With American Family, men usually pay about $5 a month more than women, and around $15 with Missouri Farm Bureau.

Looking at the data for each company specifically, Missouri Farm Bureau offers the lowest average prices for both men and women. On average, male drivers save about $24 per month and women save about $36 with Missouri Farm Bureau compared to the average American Family policyholder.

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

*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.

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

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum liability limits, Missouri Farm Bureau has the significant edge, with average monthly premiums coming in at $51. If you want a full coverage policy with the same state minimum limits, Missouri Farm Bureau again has the edge, with policies averaging around $170 a month to American Family's $185.

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

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault collisions 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?

Policyholders who use American Family for their auto insurance can generally expect their monthly bill to go up about 20% after getting a speeding ticket. Missouri Farm Bureau policyholders can expect a less drastic increase of around 5%.

But Missouri Farm Bureau is usually the less expensive option for drivers both with a ticket and with a clean record, offering rates that are $21 and $45 cheaper, respectively, compared to American Family Insurance.

Which Company is Best for Drivers After an Accident?

American Family drivers who get in an accident can expect to see their prices climb by just under 15%, while those who have insurance through Missouri Farm Bureau will see about a 10% increase.

At the end of the day, Missouri Farm Bureau offers the lowest rates for drivers with an at-fault collision on their records, with average premiums coming in at $109 compared to American Family Insurance's $138.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your car insurance bill. On average, American Family will climb your rates around 25% after a DUI, while Missouri Farm Bureau's average prices rise by nearly 30%.

Missouri Farm Bureau has the overall cheapest premiums for drivers with a DUI on their records at $134 monthly, but it's worth noting that American Family's average rates come from 16 states compared to just one for Missouri Farm Bureau, so the data may be skewed slightly.

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

Did you know many insurance companies take into account your credit score when determining rates? This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it will come into play for several policyholders.

The reasoning auto insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will generally be forced to pay more.

Looking specifically at American Family and Missouri Farm Bureau, which carrier has the most affordable premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Missouri Farm Bureau will normally reward you the most. For drivers with "excellent" credit scores, Missouri Farm Bureau comes in just under 13 more affordable. Drivers with "good" credit scores typically save about 20% with Missouri Farm Bureau compared to average prices from American Family.

Which Company is Best for Drivers with Bad Credit?

Missouri Farm Bureau typically offers lower premiums than American Family when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 23% per month less with Missouri Farm Bureau compared to American Family, and those with "poor" scores normally save an average of about 24% a month.

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

How much you drive can have a large impact on your monthly rates. Generally, the more milage you put on your car each year, the more you can expect to pay for coverage.

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

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

Where you park your vehicle can have a substantial impact on your monthly insurance payment. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Missouri Farm Bureau tends to offer the cheapest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Missouri Farm Bureau's average rates are about $132 while American Family offers premiums around $166. People in suburban areas pay a monthly premium of about $109 with Missouri Farm Bureau compared to $134 with American Family. Those in rural areas can expect to pay around $90 per month with Missouri Farm Bureau compared to American Family's $121.

American Family vs. Missouri Farm Bureau Discounts

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

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by American Family and Missouri Farm Bureau 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 knocks Missouri Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 21 different discounts to Missouri Farm Bureau's seven.

A couple of those are overlapping for things like discounts for being a good student, discounts for insuring multiple cars with the same company, and multi-policy discounts. American Family also offers discounts for advance quote, anti-theft, connect partner, and more.

On the other hand, Missouri Farm Bureau has a few proprietary discounts of their own for things like hybrid vehicle discounts, occupation discounts, passive restraint discounts, and more.

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

So, we've broken down the average prices for many of the variables insurance companies look at, and walked through the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which company is the best company for you, your vehicle, and your wallet?

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

• Your driving record includes a DUI charge.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing auto insurance for a teenager.

American Family might be best for you if...

• You already have plans to move to another state -- Missouri Farm Bureau Insurance is only available to Missouri residents.
• You care about discounts (American Family offers the most).

Hopefully, this guide helps you get a better idea of the difference between American Family and Missouri Farm Bureau. We also hope we've given you the information you need to make the best 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 insurance -- comparing quotes from a handful of carriers, not just American Family and Missouri Farm Bureau. 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 car insurance companies in your area, all in just a few minutes.

American Family vs. Missouri Farm Bureau FAQs

Is American Family or Missouri Farm Bureau cheaper?

Missouri Farm Bureau is the more affordable of the two carriers when looking at national average premiums, with policies averaging $111 a month with Missouri Farm Bureau and $140 for American Family. Even so, that doesn't mean Missouri Farm Bureau will be the most affordable carrier for each policyholder, since there are several different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, American Family or Missouri Farm Bureau?

Sadly, the answer truly is "it depends.". Neither company is necessarily "better" for every policyholder -- it all comes down to what your unique auto insurance profile looks like.

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

Insurance companies use lots of different variables when calculating the rates they charge. Factors such as gender, where your home is, age, your driving record, and sometimes even things like your credit score can all be used. Both American Family and Missouri Farm Bureau calculate prices using different variables, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from lots of different carriers.

How do I know if American Family or Missouri Farm Bureau 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, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the lowest rate. And maybe you'll find that the best carrier for you isn't American Family or Missouri 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.