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

Quick Facts

• Looking at the national averages for insurance, Missouri Farm Bureau offers significantly more affordable premiums than Auto-owners
• Auto-owners offers more discounts than Missouri Farm Bureau Insurance
• Missouri Farm Bureau offers less expensive average prices for policyholders who drive fewer than 12,000 miles each year

Auto-owners vs. Missouri Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering hefty discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Auto-owners or Missouri Farm Bureau as your top options, but between the two, which company will save you the most?

Looking at nationwide averages, Missouri Farm Bureau has average rates that are about 40% per month cheaper than those from Auto-owners.

Even so, that doesn't mean Missouri Farm Bureau will necessarily be more affordable than Auto-owners for each driver. Auto insurance companies use all sorts of complex algorithms to calculate premiums, so depending on how old you are or where you live (among multiple other factors), you could see wildly different prices from the ones above.

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

Auto-owners or Missouri Farm Bureau: Average Car Insurance Rates by State

Auto-owners and Missouri Farm Bureau only compete against each other in Missouri, where Missouri Farm Bureau offers the cheaper average prices. For Missouri residents, Missouri Farm Bureau offers insurance for $111 monthly on average. Auto-owners's average premiums come out to be over 70% more expensive, at $272 a month.

But there's more to car insurance than just where you call home. As we mentioned above, there's a lot of things that go into how insurance carriers determine your rates. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any group on the road. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

That being said, 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 Missouri Farm Bureau over Auto-owners. It's worth noting that Auto-owners offers auto insurance in 23 different states compared to Missouri Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

But both companies will offer you dramatically lower prices by the time you turn 25. For example, average rates for Auto-owners policyholders decrease almost $250 and Missouri Farm Bureau's prices reduce more than $150 over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best rates to retired drivers? Missouri Farm Bureau gets the edge, with premiums for drivers 65 and older $52 cheaper than the national average for Auto-owners.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, Missouri Farm Bureau is the clear winner for single policyholders, with premiums around $81 per month less expensive than Auto-owners, on average. The advantage for married couples with Missouri Farm Bureau is also obvious, where drivers save about $50 a month.

Auto-owners vs. Missouri Farm Bureau: Average Rates by Gender

Women tend to pay less for auto insurance than men. This is because men are more likely to get tickets and get into collisions, which increases the chances of an insurance claim.

On average, men see prices around 6% per month higher with Auto-owners, and about 14% more with Missouri Farm Bureau.

Looking at the data for each company specifically, Missouri Farm Bureau comes out as the cheapest option for both genders. On average, male drivers save about $66 a month and women save around $72 with Missouri Farm Bureau compared to the average Auto-owners policyholder.

Auto-owners or 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, car insurance can be pretty complicated. There are several different coverages that account for multiple 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.

However, most 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 generally refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability insurance, Missouri Farm Bureau typically offers significantly more affordable rates of $51 compared to Auto-owners's $99. When it comes to full coverage policies with similar limits, Missouri Farm Bureau again has the edge, with policies about $90 per month cheaper than Auto-owners, on average.

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

You've probably seen plenty of commercials from 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.

It's no secret secret that accidents and tickets lead to higher premiums, but which carrier -- Auto-owners or Missouri Farm Bureau -- has the most affordable rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Auto-owners policyholders can expect their premiums to go up an average of $44 a month if they get a ticket, while Missouri Farm Bureau normally raises prices around $5 per month, on average.

That being said, Missouri Farm Bureau tends to offer the best prices for drivers both with clean records and with a speeding ticket. Drivers with a clean record can save about $24 a month and drivers with a ticket can save around $63 per month with Missouri Farm Bureau Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault accident with Auto-owners increasing by over $45. Missouri Farm Bureau has a less extreme increase, but you can still expect to pay more than $10 more than you were prior to your first collision.

Overall, drivers who use Missouri Farm Bureau end up with the cheaper prices after an accident, with monthly premiums averaging $109 compared to Auto-Owners Insurance's $168.

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 auto insurance bill. Auto-owners drivers usually see a 54% climb in their car insurance rates after a DUI charge, while Missouri Farm Bureau will generally raise prices by about 28%.

Missouri Farm Bureau has the overall lowest premiums for drivers with a DUI on their records at $134 per month, but it's worth noting that Auto-owners's average rates come from 23 states compared to just one for Missouri Farm Bureau, so the data may be skewed slightly.

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

Did you know that many insurance carriers take your credit score into account when calculating rates? This isn't always the case (for example, California and Massachusetts are two states that ban the practice entirely), but it does affect many drivers out there.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which increases the risk involved on their end, while the opposite is true for those with good credit.

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

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Missouri Farm Bureau. Drivers with "excellent" credit can save just under 10% compared to Auto-owners, and those with "good" scores can also expect to see savings -- around $33 or 26% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Missouri Farm Bureau typically offers lower rates than Auto-owners when it comes to drivers with bad credit. Drivers with "fair" credit pay about $68 a month less with Missouri Farm Bureau compared to Auto-owners, and those with "poor" scores typically save an average of around $165 a month.

Is Auto-owners or Missouri 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 insurance carriers will charge for coverage. Usually, the more miles you drive, 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 Auto-owners, with drivers who put 6,000 miles on their vehicle yearly paying about $1 less every month compared to those who drive 12,000 miles annually. Still, Missouri Farm Bureau is the cheaper option for drivers in both categories.

Auto-owners vs. Missouri Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

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

When comparing these two companies side-by-side, Missouri Farm Bureau typically comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Missouri Farm Bureau offers rates around $132 monthly compared to Auto-owners's $205. People who live in suburban ZIP codes can expect to pay about $109 per month for Missouri Farm Bureau and $169 for Auto-owners. Lastly, those in rural areas tend to get the cheapest premiums from both carriers, with average monthly prices coming in at $90 and $164 for Missouri Farm Bureau and Auto-owners respectively.

Auto-owners vs. Missouri 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.

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

In the table below, we've compared all of the different discounts offered by Auto-owners 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.

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

Both companies offer a lot of the same discounts -- like discounts for being a good student, multi-policy discounts, and passive restraint discounts -- but Auto-owners also offers ABS discounts, advance quote discounts, anti-theft discounts, and more that Missouri Farm Bureau does not.

On the flip side, Missouri Farm Bureau has a couple unique discounts of its own -- hybrid vehicle discounts, occupation discounts, and preferred customer discounts.

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

You've seen the role certain factors have on your insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Auto-owners or Missouri Farm Bureau the best one for you and your specific driver profile?

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

• You have a speeding ticket on your driving record.
• You're looking for more protection with "full coverage" auto insurance.
• You drive often but have a short commute.

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

• You value the experience that comes with a large national insurance carrier.
• You care about discounts (Auto-owners offers the most).

We hope this guide has ben a valuable resource as you compare Auto-owners and Missouri Farm Bureau and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Auto-owners and Missouri Farm Bureau. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

Auto-owners vs. Missouri Farm Bureau FAQs

Is Auto-owners or Missouri Farm Bureau cheaper?

Looking just at the national average premiums, Missouri Farm Bureau is the less expensive of the two companies, offering average rates of $111 a month compared to $179 for Auto-owners. But Missouri Farm Bureau won't necessarily be the lowest company for everyone, since there are a variety of different variables that come into play when it comes to your car insurance bill.

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

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for each driver -- it all depends on the makeup of your unique auto insurance profile.

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

Car insurance carriers take a look at quite a few different factors when determining the prices they charge drivers. Things like age, where you live, gender, your driving record, and sometimes even things like your credit score can all be used. Both Auto-owners and Missouri Farm Bureau calculate rates differently, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several 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 free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Auto-owners or Missouri 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.