Auto-owners vs. Georgia Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Georgia Farm Bureau offers less expensive premiums than Auto-owners
• Auto-owners may help you save more money -- they offer more discounts than Georgia Farm Bureau Insurance
• Georgia Farm Bureau offers more affordable prices for policyholders who are looking to purchase insurance with a spouse

Auto-owners or Georgia Farm Bureau: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering large savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Auto-owners or Georgia Farm Bureau, but which company has cheaper rates for insurance?

As you can see, Auto-owners is around $35 more a month than Georgia Farm Bureau when looking at the national average rates for auto insurance.

Even so, that doesn't mean Georgia Farm Bureau will necessarily be more affordable than Auto-owners for every single driver. Car insurance carriers use tons of complex algorithms to determine premiums, so depending on where you live or how old you are (among a whole range of other factors), you could see wildly different prices from the ones above.

Wanting to know if Auto-owners or Georgia 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.

Auto-owners vs. Georgia Farm Bureau: Average Car Insurance Rates by State

Auto-owners and Georgia Farm Bureau only compete against each other in Georgia, where Auto-owners offers the cheaper average premiums. Auto-owners drivers tend to pay about $12 per month less on average compared to drivers who use Georgia Farm Bureau for their insurance.

That being said, there's a lot more that goes into your car insurance cost than just where you live. Continue reading to learn more about how other variables will affect your rates.

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 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.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. As you can see above, teens who use Georgia Farm Bureau save almost 35% a month compared to those who use Auto-owners. It's worth noting that Auto-owners offers auto insurance in 23 different states compared to Georgia Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

But both companies will offer you dramatically lower prices once you turn 25. For example, average premiums for Auto-owners policyholders drop about $250 and Georgia Farm Bureau's prices reduce nearly $150 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable insurance rates you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

So, which carrier offers the best rates to retired drivers? Georgia Farm Bureau gets the edge here, with average premiums coming in at around $117 monthly compared to Auto-owners's $133.

Which is the Best Company for Married Drivers?

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

For single policyholders, the difference in average prices between these two companies is significant, with Georgia Farm Bureau premiums coming in at a quarter less than Auto-owners's. The advantage is also clear for married couples - Georgia Farm Bureau offers the cheapest average prices.

Auto-owners or Georgia Farm Bureau: Average Rates by Gender

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

Women normally pay about 6% per month less than men with Auto-owners, but with Georgia Farm Bureau, the difference is closer to 1% a month.

Looking at the data for each company specifically, Georgia Farm Bureau comes out as the lowest option for both genders, with average premiums $40 less for men and $31 cheaper for women.

Auto-owners vs. Georgia 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.

Insurance isn't the easiest topic to understand. 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 bodily injury and property damage coverage 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 liability).

Looking specifically at state minimum limits for liability insurance, Georgia Farm Bureau has the slight edge, with average monthly rates coming in at $91. If you want a full coverage policy with the same state minimum limits, Georgia Farm Bureau again has the edge, with policies averaging around $197 per month to Auto-owners's $260.

Is Auto-owners or Georgia Farm Bureau Better for Drivers with Spotty Records?

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

At-fault accidents and speeding tickets will most likely raise your rates, but is Auto-owners or Georgia Farm Bureau more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Georgia Farm Bureau auto insurance policies don't report seeing their premiums increase after getting a ticket, but Auto-owners policyholders can expect to see their monthly bill increase by about a quarter.

However, Georgia Farm Bureau has less expensive rates for drivers in both categories. Drivers with a clean record can save around 6% a month with Georgia Farm Bureau Insurance, and the same can be said for those with a speeding ticket, too.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Auto-owners can expect to see about an $47 -- or around 28% -- rise in their car insurance premiums. Drivers who use Georgia Farm Bureau for their auto insurance will see a monthly bill about $19 (or 14%) more expensive after reporting an accident to their insurance carrier.

At the end of the day, the cheaper prices come from Georgia Farm Bureau, with average rates coming in at $133 compared to Auto-Owners Insurance's $168.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. Auto-owners drivers usually see a 54% climb in their car insurance prices after a DUI charge, while Georgia Farm Bureau will typically increase premiums by around 47%.

Georgia Farm Bureau has the overall most affordable prices for drivers with a DUI on their records at $216 per month, but it's worth noting that Auto-owners's average rates come from 23 states compared to just one for Georgia Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Auto-owners and Georgia Farm Bureau Rates?

You may not realized it, but your credit score can be used as one of the factors to calculate your monthly auto insurance rates. This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it will come into play for a lot of drivers.

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

So, which company offers the cheapest prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Georgia Farm Bureau will normally reward you the most. For policyholders with "excellent" credit scores, Georgia Farm Bureau comes in more than 16.84 less expensive. Drivers with "good" credit scores generally save about 8% with Georgia Farm Bureau compared to average rates from Auto-owners.

Which Company is Best for Drivers with Bad Credit?

Georgia Farm Bureau typically offers lower premiums than Auto-owners when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 9% per month less with Georgia Farm Bureau compared to Auto-owners, and those with "poor" scores usually save an average of about 32% a month.

Is Auto-owners or Georgia 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 prices. Typically, the more milage you put on your car, 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 Georgia Farm Bureau charges. However, there's a small difference in monthly rates for Auto-owners, with drivers who put 6,000 miles on their vehicle yearly paying around $1 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Georgia Farm Bureau is the more affordable carrier.

Auto-owners or Georgia Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a large impact on your monthly auto insurance bill. Generally, those who live in urban areas will pay more than drivers in rural areas because of the number of cars that are on the roads where they live.

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

For drivers in urban ZIP codes, Georgia Farm Bureau's average prices are about $150 a month compared to Auto-owners's $205. Drivers in suburban ZIP codes pay around $146 with Georgia Farm Bureau compared to Auto-owners's $169 monthly. Those in rural areas can expect to pay about $136 per month with Georgia Farm Bureau and $164 with Auto-owners.

Auto-owners vs. Georgia 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 insurance discounts as possible.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by Auto-owners and Georgia Farm Bureau so that you can see which carrier can save you the most money each month.

Auto-owners knocks Georgia Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 24 different discounts to Georgia Farm Bureau's 11.

A couple of those are overlapping for things like anti-theft discounts, discounts for getting driver training, discounts for being a good driver, and multi-policy discounts. Auto-owners also offers discounts for advance quote, company car, COVID-19 relief, and more.

Georgia Farm Bureau's discounts come through just a few categories, including ABS, Anti-Theft, Defensive Driver, and more.

Final Thoughts: Is Auto-owners or Georgia Farm Bureau Best for You?

So, we've broken down the average premiums for many of the variables auto insurance carriers look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, which company is the best one for you and your specific driver profile?

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

• You have an at-fault collision on your record.
• Your credit is below-average.
• You're married and plan to have both of your names on the vehicle's insurance policy.

Auto-owners might be best for you if...

• You value the experience that comes with a large national car insurance carrier.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Auto-owners and Georgia 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 Auto-owners and Georgia Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

Auto-owners vs. Georgia Farm Bureau FAQs

Is Auto-owners or Georgia Farm Bureau cheaper?

Georgia Farm Bureau is the less expensive of the two companies when looking at national average prices, with policies averaging $144 per month with Georgia Farm Bureau and $179 for Auto-owners. That being said, that doesn't mean Georgia Farm Bureau will be the lowest company for every policyholder, since there are a bunch of different factors that come into play when it comes to your car insurance payment.

Who is better, Auto-owners or Georgia Farm Bureau?

Sadly, the answer truly is "it depends.". No one carrier is "better" for everyone -- it all comes down to what your unique insurance profile looks like.

Why do Auto-owners and Georgia Farm Bureau offer me different rates?

Auto insurance carriers use lots of different variables when determining the rates they charge. Things like where you live, where you call home, age, gender, and sometimes even things like your credit score can all come into play. Both Auto-owners and Georgia Farm Bureau use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a variety of different companies.

How do I know if Auto-owners or Georgia 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, sites like Compare.com do all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the lowest price. And maybe you'll find that the best company for you isn't Auto-owners or Georgia 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.