American National vs. South Carolina Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, American National offers significantly more affordable prices than South Carolina Farm Bureau
• American National tends to be a much cheaper option for drivers who have a speeding ticket on their driving record
• American National offers more affordable rates for policyholders who live in rural neighborhoods

American National or South Carolina Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering sizable savings, but exactly how much money can you save by switching?

You might be considering American National or South Carolina Farm Bureau as your top options, but between the two, which company will offer you less expensive premiums?

As you can see, American National is around $24 a month more affordable than South Carolina Farm Bureau when looking at the national average rates for auto insurance.

Even so, that doesn't necessarily mean American National will be the less expensive option for every driver. Car insurance carriers use a variety of complex algorithms to determine prices, so depending on how old you are or how clean your driving record is (among quite a few other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of American National or South Carolina Farm Bureau is really the best for you, keep reading to see average prices for each company broken down by multiple different rate factors.

American National vs. South Carolina Farm Bureau: Average Car Insurance Rates by State

American National and South Carolina Farm Bureau only compete against each other in South Carolina, where American National offers the cheaper average rates. American National drivers tend to pay about $41 per month less on average compared to drivers who use South Carolina Farm Bureau for their auto insurance.

There are plenty of other factors that go into your insurance payment than just where you call home. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for car insurance than any other group of drivers. It's typically because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have American National for their auto insurance pay 10% less than those who use South Carolina Farm Bureau.

However, both companies will offer you dramatically lower premiums once you turn 25. For example, average rates for American National policyholders decrease over 60% and South Carolina Farm Bureau's prices drop almost 50% over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest premiums out there.

So, which carrier offers the best rates to retired drivers? American National gets the edge, with premiums for drivers 65 and older $9 cheaper than the national average for South Carolina Farm Bureau.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be more affordable for married drivers than they are for those who are single. This usually boils down to married couples having multiple vehicles on their policy -- something several auto insurance carriers will reward with discounts.

For single policyholders, the difference in average rates between these two companies is significant, with American National prices coming in at a quarter less than South Carolina Farm Bureau's. The advantage for married policyholders with American National is also obvious, where drivers save about $20 a month.

American National or South Carolina Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll usually end up paying more for car insurance than women.

On average, men see premiums around $1 per month higher with American National, but with South Carolina Farm Bureau, the difference is closer to $6 a month.

When it comes to the most affordable rates for each gender, American National offers the lowest average prices for both men and women. On average, male drivers save about $26 per month and women save about $21 with American National compared to the average South Carolina Farm Bureau policyholder.

American National vs. South Carolina 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, insurance can be pretty complicated. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability).

Looking specifically at state minimum liability limits, American National has the significant edge, with average monthly premiums coming in at $52. If you want a full coverage policy with the same state minimum limits, American National again has the edge, with policies averaging around $123 a month to South Carolina Farm Bureau's $144.

Is American National or South Carolina Farm Bureau Better for Drivers with Spotty Records?

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

It's no secret secret that at-fault accidents and speeding tickets lead to higher rates, but which company -- American National or South Carolina Farm Bureau -- has the cheapest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use American National for their car insurance can generally expect their monthly bill to go up about 20% after getting a speeding ticket. South Carolina Farm Bureau policyholders can expect a less drastic increase of around 11%.

That being said, American National tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering premiums that are 29% and 21% less expensive, respectively, compared to South Carolina Farm Bureau Insurance.

Which Company is Best for Drivers After an Accident?

American National drivers who get in an accident can expect to see their rates increase by just under 30%, while those who have insurance through South Carolina Farm Bureau will see about a 25% increase.

At the end of the day, drivers who use American National end up with the cheaper prices after an accident, with average premiums coming in at $95 compared to South Carolina Farm Bureau Insurance's $125.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. For example, American National increases average prices by more than $35 per month -- that's more than a 35% increase.

But if you end up with a DUI charge and are looking for more affordable rates, American National tends to be cheaper for the average driver, with monthly premiums coming in at around $104 to South Carolina Farm Bureau's $116.

How does Credit Score Impact American National and South Carolina Farm Bureau Rates?

Did you know many insurance carriers take your credit score into account when determining premiums? Certain states and companies do not allow for credit score to be used as an insurance factor, but it might come into play for many policyholders.

The reasoning car 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 normally be forced to pay more.

So, which carrier offers the best premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, American National will generally reward you the most. For drivers with "excellent" credit scores, American National comes in over 32 less expensive. Drivers with "good" credit scores typically save about 30% with American National compared to average prices from South Carolina Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

American National typically offers lower rates than South Carolina Farm Bureau when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 22% a month less with American National compared to South Carolina Farm Bureau, and those with "poor" scores usually save an average of about 10% a month.

Is American National or South Carolina Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much auto insurance companies will charge for coverage. That's because the fewer miles you put on your vehicle each year, the less likely you are to be in a collision 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 South Carolina Farm Bureau charges. However, there's a small difference in monthly premiums for American National, with drivers who put 6,000 miles on their car every year paying around $9 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, American National is the cheaper company.

American National or South Carolina Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a big impact on your monthly insurance cost. 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.

American National boasts the lowest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $73 monthly with American National compared to South Carolina Farm Bureau's $114. Drivers in suburban ZIP codes pay around $85 with American National compared to South Carolina Farm Bureau's $103 per month. For drivers in urban ZIP codes, American National's average rates are about $104 per month compared to South Carolina Farm Bureau's $115.

American National vs. South Carolina 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 taking advantage of as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be hard to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

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

American National knocks South Carolina Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 14 different discounts to South Carolina Farm Bureau's five.

Both carriers offer quite a few of the same discounts -- like discounts for being a defensive driver, discounts for getting driver training, and multi-policy discounts -- but American National also offers discounts for anti-theft, claim free, COVID-19 relief, and more.

South Carolina Farm Bureau's discounts come through just a few categories, including Defensive Driver, Distant Student, Driver Training, and more.

Final Thoughts: Is American National or South Carolina Farm Bureau Best for You?

So, you've seen how different factors can affect your auto insurance premiums. We've broken down the different discounts each company offers, too. But, at the end of the day, which carrier is the right carrier for you and your specific needs?

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

• You've been pulled over for speeding recently.
• You want the most robust protection via a "full coverage" policy.
• You have a short drive to work everyday.

South Carolina Farm Bureau might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a better idea of the difference between American National and South Carolina Farm Bureau and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just American National and South Carolina 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 auto insurance carriers in your area, all in just a few minutes.

American National vs. South Carolina Farm Bureau FAQs

Is American National or South Carolina Farm Bureau cheaper?

American National is the more affordable of the two companies when looking at national average rates, with policies averaging $87 a month with American National and $111 for South Carolina Farm Bureau. However, that doesn't mean American National will be the most affordable company for every driver, since there are a bunch of different variables that are considered when it comes to your car insurance bill.

Who is better, American National or South Carolina Farm Bureau?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for each policyholder -- it all depends on what your unique insurance profile looks like.

Why do American National and South Carolina Farm Bureau offer me different rates?

Auto insurance carriers use quite a few different factors when calculating the prices they charge. Variables like age, where you park your vehicle, gender, your driving record, and sometimes even things like your credit score can all be used. Both American National and South Carolina Farm Bureau use different formulas, 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 several different companies.

How do I know if American National or South Carolina Farm Bureau is right for me?

The only way to find the 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 car insurance companies for free. That way, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't American National or South Carolina 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.