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

Quick Facts

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

Buckeye or Indiana Farm Bureau: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed it down to Buckeye or Indiana Farm Bureau as your top options, but which one will offer you cheaper rates?

As you can see, Buckeye is quite a bit cheaper than Indiana Farm Bureau, with prices averaging $132 a month compared to $180 with Indiana Farm Bureau when looking at the national average rates for car insurance.

That being said, that doesn't mean Buckeye will necessarily be more affordable than Indiana Farm Bureau for every driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, where you call home, your age, or even your credit score (among other things), so premiums will differ quite a bit from person to person.

Wanting to know if Buckeye or Indiana 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.

Buckeye vs. Indiana Farm Bureau: Average Car Insurance Rates by State

Buckeye and Indiana Farm Bureau only compete against each other in Indiana, where Buckeye offers the cheaper average premiums. Buckeye drivers tend to pay about $43 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

But there's more to auto insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance companies determine your prices. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Buckeye for their insurance pay almost 40% less than those who use Indiana Farm Bureau.

Even so, both carriers will reduce rates by the time drivers turn 25. For example, average prices for Buckeye policyholders decrease around $150 and Indiana Farm Bureau's rates drop about $300 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable car insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

So, which carrier offers the best prices to retired drivers? Buckeye gets the edge here, with average premiums coming in at around $105 monthly compared to Indiana Farm Bureau's $124.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly less expensive insurance rates than single drivers. That's normally because married couples tend to own and insure multiple vehicles, which can often earn you a discount.

For those who are single, the difference in average prices between these two companies is significant, with Buckeye rates coming in at about 30% less than Indiana Farm Bureau's. The advantage for married policyholders with Buckeye is also obvious, where drivers save nearly 20% a month.

Buckeye or Indiana Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to car insurance men will usually end up paying a little more.

Women typically pay around $15 per month less than men with Buckeye, and about $26 less with Indiana Farm Bureau.

Looking at overall affordability, Buckeye comes out as the lowest option for both genders. On average, male drivers save about $53 a month and women save around $42 with Buckeye compared to the average Indiana Farm Bureau policyholder.

Buckeye vs. 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, insurance can be pretty complicated. There are multiple different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability coverage).

Looking specifically at state minimum liability limits, Buckeye has the edge, with average monthly premiums coming in at $73. If you want a full coverage policy with the same state minimum limits, Buckeye again has the edge, with policies averaging about $191 per month to Indiana Farm Bureau's $263.

Is Buckeye 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.

You'll probably end up paying more with at-fault collisions and speeding tickets on your record, but which of these two carriers offers the cheapest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Buckeye for their car insurance can usually expect their monthly bill to go up around 7% after getting a speeding ticket. Indiana Farm Bureau policyholders can expect a bit more drastic of an increase of about 31%.

But Buckeye is normally the cheaper option for drivers both with a ticket and with a clean record -- their rates are around 34% less expensive for drivers with clean records and 51% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Buckeye can expect to see around an $17 -- or about 17% -- rise in their insurance prices. Drivers who use Indiana Farm Bureau for their auto insurance will see a monthly bill around $72 (or 37%) more expensive after reporting a collision to their car insurance company.

At the end of the day, the cheaper premiums come from Buckeye, with average prices coming in at $98 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 an accident or speeding ticket. On average, Buckeye will climb your premiums about 69% after a DUI, while Indiana Farm Bureau's average rates climb by more than 45%.

But if you end up with a DUI charge and are looking for more affordable prices, Indiana Farm Bureau tends to be more affordable for the average driver, with monthly premiums coming in at around $224 to Buckeye's $263.

How does Credit Score Impact Buckeye and Indiana Farm Bureau Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. 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 a lot of drivers.

The reasoning car 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 less expensive rates.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, Buckeye will generally reward you the most. For policyholders with "excellent" credit scores, Buckeye comes in nearly 22.52 more affordable. Drivers with "good" credit scores usually save about 33% with Buckeye compared to average rates from Indiana Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

Buckeye typically offers lower premiums than Indiana Farm Bureau when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 32% a month less with Buckeye compared to Indiana Farm Bureau, and those with "poor" scores normally save an average of about 21% a month.

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

Did you know that the amount of time you spend in your car have a substantial impact on your monthly insurance cost? That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

In this case, neither Buckeye or Indiana Farm Bureau report increasing prices for drivers with higher annual mileage figures. That being said, Buckeye comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $132 per month for both.

Buckeye or Indiana Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a pretty big impact on your monthly auto insurance bill. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, Buckeye typically comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Buckeye Insurance Group's average premiums are around 30% less than Indiana Farm Bureau Insurance. People who live in suburban areas pay about 19% less with Buckeye compared to Indiana Farm Bureau. Those in rural areas can expect to save around 31% with Buckeye compared to Indiana Farm Bureau.

Buckeye vs. Indiana Farm Bureau Discounts

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

But where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you're eligible for.

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

Indiana Farm Bureau blows Buckeye away when it comes to the sheer amount of discounts available, offering 15 different discounts to Buckeye's seven.

A couple of those are overlapping for things like discounts for being a good driver, multi-policy discounts, and paid in full discounts. Indiana Farm Bureau also offers discounts for ABS, agri-business, education, and more.

On the other hand, Buckeye has a few proprietary discounts of their own for things like anti-theft discounts, defensive driver discounts, distant student discounts, and more.

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

So, you've seen how different variables can affect your car insurance prices. We've shown you all the discounts each company offers, too. But, at the end of the day, which insurance carrier is the best carrier for you, your vehicle, and your wallet?

Buckeye might be best for you if....

• You will be the only person on the insurance policy.
• You want to save money while purchasing car insurance for a teenager.

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

• Your driving record includes a DUI charge.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Buckeye and Indiana Farm Bureau. We also hope we've given you the information you need to make the best decision about your auto 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 carriers, not just Buckeye and Indiana Farm Bureau. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance companies in your area, all for free.

Buckeye vs. Indiana Farm Bureau FAQs

Is Buckeye or Indiana Farm Bureau cheaper?

Buckeye is the cheaper of the two carriers when looking at national average rates, with policies averaging $132 a month with Buckeye and $180 for Indiana Farm Bureau. However, that doesn't mean Buckeye will be the lowest company for each policyholder, since there are a variety of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Buckeye or Indiana Farm Bureau?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for every policyholder -- it all boils down to your unique auto insurance profile. For example, Buckeye is less expensive for drivers with excellent credit, while Indiana Farm Bureau offers cheaper prices for drivers with a recent DUI.

Why do Buckeye and Indiana Farm Bureau offer me different rates?

Insurance companies use many different variables when determining the premiums they charge. Factors like where you live, age, gender, where you park your car, and sometimes even things like your credit score can all come into play. Both Buckeye and Indiana Farm Bureau use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Buckeye 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 multiple companies 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 car insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Buckeye or Indiana 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.