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

Quick Facts

• Looking at the national averages for auto insurance, American Select offers slightly more affordable rates than Indiana Farm Bureau
• American Select offers less expensive average prices for residents of rural areas
• Indiana Farm Bureau offers more affordable rates for residents of urban areas

American Select vs. Indiana Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might be considering American Select or Indiana Farm Bureau for your next policy, but which carrier will save you the most?

As you can see, American Select is about $10 per month cheaper than Indiana Farm Bureau when looking at the national average rates for car insurance.

But that doesn't mean American Select will necessarily be more affordable than Indiana Farm Bureau for every driver. Auto insurance companies vary their prices depending on things like how clean your driving record is, where you live, how old you are, how good your credit score is, and tons of other factors, so premiums could change drastically from person to person.

Luckily, we've broken down average rates from both American Select and Indiana Farm Bureau by a bunch of different rate factors, so read on to find out which company is the best for you.

American Select or Indiana Farm Bureau: Average Car Insurance Rates by State

American Select and Indiana Farm Bureau only compete against each other in Indiana, where American Select offers the cheaper average prices. For Indiana residents, American Select offers insurance for $122 a month on average. Indiana Farm Bureau's average premiums come out to be over 40% more expensive, at $180 per month.

There's a lot more that goes into your auto insurance bill than just the state you live in. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any group out there on the road. It's typically because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of nearly $150 less a month by choosing American Select over Indiana Farm Bureau.

That being said, with both carriers, you'll see your prices reduce significantly once you turn 25. For example, average premiums for American Select policyholders lower more than 45% and Indiana Farm Bureau's rates decrease over 65% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at American Select and Indiana Farm Bureau specifically, which carrier is best for retired drivers? Indiana Farm Bureau gets the slight edge, with prices for drivers 65 and older almost 10% cheaper than the national average for American Select.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, American Select is the clear winner for those who are single, with prices around $23 per month less expensive than Indiana Farm Bureau, on average. But for married drivers, that advantage is much less clear - Indiana Farm Bureau offers the most affordable average rates , but the difference is less than $10.

American Select vs. Indiana Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get speeding tickets and get into collisions. That means when it comes to auto insurance men will normally end up paying a little more.

Women generally pay about $1 a month less than men with American Select, and around $26 less with Indiana Farm Bureau.

Looking at the data for each company specifically, American Select is the lowest carrier for men. Rates with American Select are $22 less for men, while women can save about $3 with Indiana Farm Bureau.

American Select or Indiana 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, car insurance isn't the easiest topic to understand. There are many different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages in addition to what you get with a liability policy).

If you're looking for state minimum liability insurance, American Select normally offers slightly cheaper premiums of $90 compared to Indiana Farm Bureau's $97. When it comes to full coverage policies with similar limits, American Select again has the edge, with policies around $10 per month less expensive than Indiana Farm Bureau, on average.

Is American Select or Indiana Farm Bureau 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.

It's no secret secret that tickets and at-fault accidents lead to higher rates, but which company -- American Select or Indiana Farm Bureau -- has the most affordable prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

American Select policyholders can expect their premiums to go up an average of $32 a month if they get a ticket, while Indiana Farm Bureau usually raises rates about $56 per month, on average.

However, American Select tends to offer the best prices for drivers both with clean records and with a speeding ticket -- their rates are around 5% more affordable for drivers with clean records and 17% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through American Select can expect to see around an $41 -- or about 26% -- increase in their auto insurance prices. Drivers who use Indiana Farm Bureau for their insurance will see a monthly bill around $72 (or 37%) more expensive after reporting an accident to their auto insurance carrier.

Overall, American Select offers the cheapest rates for drivers with an at-fault accident on their records, with monthly premiums averaging $158 compared to Indiana Farm Bureau Insurance's $195.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- generally a lot more than a collision or ticket. For example, American Select increases average prices by just under $150 a month -- that's just under a 55% increase.

If you have a DUI on your record and are looking for more affordable premiums, Indiana Farm Bureau tends to be the much less expensive option with average prices of $224 monthly compared to $258 from American Select.

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

Did you know that many car insurance carriers take into account your credit score when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect many drivers out there.

The reasoning insurance carriers use is that policyholders with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with more affordable prices.

Looking at American Select and Indiana Farm Bureau specifically, which company has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with American Select. Policyholders with "excellent" credit can save 4% compared to Indiana Farm Bureau, and those with "good" scores can also expect to see savings -- about $8 or 6% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

American Select typically offers lower rates than Indiana Farm Bureau when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $11 per month less with American Select compared to Indiana Farm Bureau, and those with "poor" scores usually save an average of about $15 per month.

Is American Select or Indiana 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 your monthly premiums. That's because the more miles you drive, the more likely you are to get into an accident and cause an insurance claim.

In this case, neither American Select or Indiana Farm Bureau report increasing prices for drivers with higher annual mileage figures. Even so, American Select comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle every year, with average rates of $170 a month for both.

American Select vs. Indiana Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a pretty big role in how much you pay for auto insurance. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

American Select vs. Indiana Farm Bureau Discounts

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

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

Below, we've compared all of the different discounts offered by American Select and Indiana Farm Bureau so that you can see which one can save you the most money each month.

Looking at the total number of discounts, American Select has the advantage when it comes to total number of discounts. Indiana Farm Bureau offers a grand total of 15 discounts, while American Select has 20.

Both companies offer quite a few of the same discounts -- like ABS discounts, multi-policy discounts, and passive restraint discounts -- but American Select also offers account relationship discounts, advance quote discounts, agency transfer discounts, and more that Indiana Farm Bureau does not.

On the flip side, Indiana Farm Bureau has a couple unique discounts of its own -- agri-business discounts, education discounts, employee discounts, and more.

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

You've seen the role certain variables have on your insurance and the different discounts carriers offer. But, at the end of the day, is American Select or Indiana Farm Bureau the best fit for you?

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

• You're single and purchasing car insurance by yourself.
• You want basic auto insurance coverage at the state minimum limits.
• You drive fewer than 12,000 miles yearly.

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

• Your neighborhood is in a city.
• You are over 65 years old and want to save some money on your car insurance.
• You are purchasing your insurance with a spouse.

We hope this guide helps you get a good idea of the differences between American Select and Indiana 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 several companies, not just American Select and Indiana Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

American Select vs. Indiana Farm Bureau FAQs

Is American Select or Indiana Farm Bureau cheaper?

Looking just at the national average rates, American Select is the less expensive of the two companies, offering average rates of $170 per month compared to $180 for Indiana Farm Bureau. That being said, American Select won't necessarily be the cheapest company for each driver, since there are a range of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, American Select or Indiana Farm Bureau?

Sadly, the answer truly is "it depends.". One carrier is not necessarily "better" for every driver -- it all depends on the makeup of your unique car insurance profile. For example, Indiana Farm Bureau offers more affordable prices for drivers with a recent DUI, while American Select is cheaper for drivers with excellent credit.

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

Insurance carriers take a look at quite a few different variables when determining the rates they charge drivers. Factors like where you live, age, where you call home, gender, and sometimes even things like your credit score can all be taken into consideration. Both American Select and Indiana Farm Bureau calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if American Select 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 a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be American Select or Indiana Farm Bureau 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.