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

So, you're in the market for a new insurance policy. You may have even narrowed down your search to Auto-owners and Indiana Farm Bureau. But which of these two companies is the best one for you? Read on to find which carrier has the best prices and biggest discounts.
Newly insured car driving down the road
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Quick Facts

  • Based on national averages for auto insurance, Auto-owners offers slightly cheaper premiums than Indiana Farm Bureau
  • Auto-owners may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance
  • Indiana Farm Bureau tends to be a much less expensive option for policyholders who are looking to purchase insurance with a spouse

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

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You might have narrowed your search down to Auto-owners or Indiana Farm Bureau as potential options, but between the two, which company will offer you more affordable rates?

Auto-owners Indiana Farm Bureau

Looking at the national average rates for both carriers, Indiana Farm Bureau is around $1 more a month than Auto-owners.

That being said, that doesn't necessarily mean Auto-owners will be the cheaper option for every single driver. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like your credit score, your age, where you call home, or even your driving record (among other things), so prices will differ quite a bit from person to person.

Luckily, we've broken down average premiums from both Auto-owners and Indiana Farm Bureau by several different rate factors, so read on to find out which company is the best for you.

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

State Auto-owners Indiana Farm Bureau

Auto-owners and Indiana Farm Bureau only compete against each other in Indiana, where Auto-owners offers the cheaper average rates. Auto-owners drivers tend to pay about $48 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

There's a lot more that goes into your auto insurance payment than just where you call home. Read on to find out more.

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Which is the Best Company For Young Drivers?

Auto-owners Indiana Farm Bureau
18-year-old drivers$393$445
25-year-old drivers$164$146

Teen drivers will almost always have the most expensive car insurance premiums of any group on the road. The reason is that teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of over 10% less a month by choosing Auto-owners over Indiana Farm Bureau. It's worth noting that Auto-owners offers auto insurance in 23 different states compared to Indiana Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

However, both carriers will decrease prices by the time drivers turn 25. For example, average premiums for Auto-owners policyholders reduce almost 60% and Indiana Farm Bureau's rates lower more than 65% over that time.

Which is the Best Company for Retired Drivers?

Auto-owners Indiana Farm Bureau
65+-year-old drivers$133$124

Once you approach retirement age, you'll normally enjoy the lowest car insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for insurance.

But who has the best rates for retired drivers between Auto-owners and Indiana Farm Bureau? Indiana Farm Bureau gets the slight edge, with premiums for drivers 65 and older about 7% less expensive than the national average for Auto-owners.

Which is the Best Company for Married Drivers?

Auto-owners Indiana Farm Bureau

You may not be aware, but auto insurance prices tend to be more affordable for married policyholders than they are for single drivers. That's typically because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

When it comes to relationship status, Auto-owners is the winner for single policyholders, with rates around 1% per month less expensive than Indiana Farm Bureau, on average.

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

Auto-owners Indiana Farm Bureau

Did you know men tend to pay more for insurance than women? That's because women are less likely to get speeding tickets and get into accidents, which decreases the chances of filing a claim with insurance.

On average, women see prices about $10 a month cheaper with Auto-owners, and around $26 less with Indiana Farm Bureau.

Looking at the data for each carrier specifically, Indiana Farm Bureau is the most affordable company for women. Rates with Indiana Farm Bureau are $7 cheaper for women, while with Auto-owners, men can save about $7.

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Auto-owners vs. Indiana Farm Bureau: Compare State Minimum vs. Full Coverage Rates

Auto-owners Indiana Farm Bureau
State Minimum*$99$97
Full Coverage**$260$263

*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.

Car insurance isn't the easiest topic to understand. There are so many different terms and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability).

When it comes to state minimum limits for liability insurance, Indiana Farm Bureau has the edge, while Auto-owners offers the cheapest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $2 with Indiana Farm Bureau Insurance, while full coverage comes out to be around $3 more affordable with Auto-Owners Insurance.

Is Auto-owners or Indiana 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.

At-fault collisions and speeding tickets will most likely raise your premiums, but is Auto-owners or Indiana Farm Bureau less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Auto-owners Indiana Farm Bureau
Clean Record$121$123
1 Speeding Ticket$165$179

Drivers who use Auto-owners for their insurance can usually expect their monthly bill to go up about 27% after getting a speeding ticket. Indiana Farm Bureau policyholders can expect a bit more drastic of an increase of around 31%.

But Auto-owners has more affordable rates for drivers in both categories, offering prices that are 2% and 8% cheaper, respectively, compared to Indiana Farm Bureau Insurance.

Which Company is Best for Drivers After an Accident?

Auto-owners Indiana Farm Bureau
Clean Record$121$123
1 At-Fault Accident$168$195

Auto-owners policyholders who get in an accident can expect to see their premiums climb by over $45, while those who have insurance through Indiana Farm Bureau will see about a $70 increase.

At the end of the day, Auto-owners offers the most affordable prices for drivers with an at-fault collision on their records, with average rates coming in at $168 compared to Indiana Farm Bureau Insurance's $195.

Which Company is Best for Drivers with a DUI?

Auto-owners Indiana Farm Bureau
Clean Record$121$123
1 DUI$264$224

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. For example, Auto-owners increases average premiums by nearly $150 per month -- that's nearly a 55% increase.

Indiana Farm Bureau has the overall cheapest rates for drivers with a DUI on their records at $224 per month, but it's worth noting that Auto-owners's average rates come from 23 states compared to just one for Indiana Farm Bureau, so the data may be skewed slightly.

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

Did you know many auto insurance companies take your credit score into account when determining prices? This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it might come into play for many drivers.

Car 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 specifically at Indiana Farm Bureau and Auto-owners, which one has the lowest premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Auto-owners Indiana Farm Bureau
Excellent Credit Score$95$111
Good Credit Score$129$141

If you have a great credit score, Auto-owners will generally reward you the most. For policyholders with "excellent" credit scores, Auto-owners comes in just under 14.41 less expensive. Drivers with "good" credit scores typically save around 9% with Auto-owners compared to average rates from Indiana Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

Auto-owners Indiana Farm Bureau
Fair Credit Score$176$180
Poor Credit Score$317$288

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about 2% less with Auto-owners than Indiana Farm Bureau, but those whose credit is considered "poor" have it flipped -- saving around 9% a month with Indiana Farm Bureau.

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Is Auto-owners or Indiana Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

Auto-owners Indiana Farm Bureau
6,000 Annual Miles$179$180
12,000 Annual Miles$180$180

The amount of time you spend behind the wheel of your car plays a big role in your monthly premiums. Generally, 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 Indiana Farm Bureau charges. However, there's a small difference in monthly prices for Auto-owners, with policyholders who drive 6,000 miles yearly paying about $1 less each month compared to those who drive 12,000 miles every year.

Auto-owners or Indiana Farm Bureau: 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, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of vehicles that are on the roads where they live.

Auto-owners Indiana Farm Bureau
Urban Areas$205$187
Suburban Areas$169$197
Rural Areas$164$156

Looking at these companies side-by-side, Indiana Farm Bureau boasts the most affordable average prices in rural and urban areas, while Auto-owners wins in suburban areas.

If you live in a rural area, you can expect to pay around $156 monthly with Indiana Farm Bureau and $164 with Auto-owners. Drivers in suburban ZIP codes pay a monthly price of about $169 with Auto-owners compared to $197 with Indiana Farm Bureau. In urban areas, Indiana Farm Bureau's average premiums are around $187 per month compared to Auto-owners's $205.

Auto-owners vs. Indiana 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 auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by Auto-owners and Indiana 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.

Auto-owners Indiana Farm Bureau
ABS Discount
Advance Quote Discount 
Agri-Business Discount 
Anti-Theft Discount 
Company Car Discount 
Covid-19 Relief Discount 
Defensive Driver Discount 
Distant Student Discount 
Driver Training Discount 
Education Discount
Employee Discount 
Good Driving Discount
Good Student Discount
Group Discount 
Homeowner Discount 
Inside Storage Discount 
Life Policy Discount
Low Mileage Discount 
Minor Child Discount 
Multi-Car Discount

Auto-owners blows Indiana Farm Bureau away when it comes to the sheer amount of discounts available, offering 24 different discounts to Indiana Farm Bureau's 15.

A couple of those are overlapping for things like education discounts, discounts for being a good student, life policy discounts, and paid in full discounts. Auto-owners also offers discounts for advance quote, anti-theft, company car, and more.

On the other hand, Indiana Farm Bureau has a few proprietary discounts of their own for things like agri-business discounts, employee discounts, new business discounts, and more.

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

So, we've broken down the average rates for many of the variables car insurance carriers 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 insurance company is the best carrier for you and your specific driver profile?

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

  • You will be the only person on the auto insurance policy.
  • You want to save extra money with discounts.
  • Your neighborhood is in the suburbs.

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

  • Your driving record includes a DUI charge.
  • Your home is in a busy urban area.
  • You're married and plan to have both of your names on the vehicle's insurance policy.

Hopefully, this guide helps you get a better idea of the difference between Auto-owners and Indiana Farm Bureau. We also hope we've given you the information you need to make the best decision when it comes to 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 companies, not just Auto-owners and Indiana Farm Bureau. Luckily, 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.

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Auto-owners vs. Indiana Farm Bureau FAQs

Is Auto-owners or Indiana Farm Bureau cheaper?

Auto-owners is the more affordable of the two companies when looking at national average prices, with policies averaging $179 a month with Auto-owners and $180 for Indiana Farm Bureau. However, that doesn't mean Auto-owners will be the lowest carrier for everyone, since there are multiple different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

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

Sadly, the real answer is "it depends.". Neither company is "better" for each policyholder -- it all depends on what your unique car insurance profile looks like. For example, Indiana Farm Bureau is cheaper for drivers who have less-than-stellar credit scores, while Auto-owners offers more affordable premiums for drivers with an at-fault accident on their record.

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

Auto insurance carriers use quite a few different variables when calculating the rates they charge. Factors like your driving record, gender, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both Auto-owners and Indiana Farm Bureau calculate premiums using different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a range of different companies.

How do I know if Auto-owners or Indiana Farm Bureau is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like do all the hard work for you. Just enter your area information 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 cheapest premium. And maybe you'll find that the best carrier for you isn't Auto-owners or Indiana Farm Bureau at all, but another you hadn't even thought of!


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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