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

Quick Facts

• In general, Indiana Farmers offers significantly more affordable rates than Buckeye
• Indiana Farmers offers more affordable prices for drivers who have less-than-stellar credit
• Indiana Farmers tends to be a much cheaper option for residents of suburban areas

Buckeye vs. Indiana Farmers: 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 considerable discounts. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Buckeye or Indiana Farmers as your top options, but between the two, which carrier has less expensive rates for auto insurance?

As you can see, Buckeye is quite a bit more expensive than Indiana Farmers, with prices averaging $132 per month compared to just $81 with Indiana Farmers when looking at the national average rates for insurance.

Even so, that doesn't necessarily mean Indiana Farmers will be the cheaper option for each driver. Auto insurance companies vary their premiums depending on things like how old you are, where you live, how clean your driving record is, how good your credit score is, and all sorts of other factors, so prices could vary drastically from person to person.

So, if you want to find out which of Buckeye or Indiana Farmers is really the best for you, keep reading to see average rates for each company broken down by multiple different rate factors.

Buckeye or Indiana Farmers: Average Car Insurance Rates by State

Buckeye and Indiana Farmers only compete against each other in Indiana, where Indiana Farmers offers the cheaper average premiums. For Indiana residents, Indiana Farmers offers car insurance for $81 a month on average. Buckeye's average prices come out to be over 60% more expensive, at $137 per month.

But there's more to calculating insurance premiums than just where you live. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any group on the road. The reason is that young, inexperienced 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 rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Indiana Farmers for their auto insurance pay nearly $150 less than those who use Buckeye.

That being said, with both carriers, you'll see your premiums decrease significantly by the time you turn 25. For example, average rates for Buckeye policyholders drop almost 60% and Indiana Farmers's prices reduce nearly 45% 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 cheapest premiums you'll ever see.

When looking at Buckeye and Indiana Farmers specifically, which carrier is best for retired drivers? Indiana Farmers gets the edge, with rates for drivers 65 and older $38 more affordable than the national average for Buckeye.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are typically more expensive for those who are single than they are for married couples? That's normally because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Indiana Farmers is the clear winner for single drivers, with rates about $58 a month less expensive than Buckeye, on average. For married policyholders, the advantage is clear again - Indiana Farmers has the edge when it comes to average premiums.

Buckeye vs. Indiana Farmers: Average Rates by Gender

Because men are more likely to get into collisions and get tickets, they are more likely to file a claim with insurance. Therefore, men usually pay more for car insurance than women.

With Buckeye, men typically pay around $15 per month more than women, while with Indiana Farmers, the difference is closer to $7 a month.

Looking at the data for each company specifically, Indiana Farmers offers the most affordable average prices for both men and women, with average premiums $56 less for men and $48 cheaper for women.

Buckeye or Indiana Farmers: 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 so many different terms and limits that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, Indiana Farmers usually offers significantly more affordable rates of $44 compared to Buckeye's $73. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies about $75 per month cheaper than Buckeye, on average.

Is Buckeye or Indiana Farmers Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and accidents will most likely raise your prices, but is Buckeye or Indiana Farmers less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Buckeye policyholders can expect their premiums to go up an average of $6 a month if they get a ticket, while Indiana Farmers generally raises rates around $14 per month, on average.

However, Indiana Farmers tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering prices that are $11 and $3 more affordable, respectively, compared to Buckeye Insurance Group.

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 Buckeye raising by over $15. Indiana Farmers has a less extreme raise, but you can still expect to pay just under $15 more than you were prior to your first collision.

Overall, drivers who use Indiana Farmers end up with the cheaper prices after an accident, with monthly premiums averaging $84 compared to Buckeye Insurance Group's $98.

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 ticket when it comes to your insurance bill. Buckeye drivers usually see a 69% increase in their auto insurance prices after a DUI charge, while Indiana Farmers will normally climb premiums by about 17%.

If you have a DUI on your record and are looking for more affordable rates, Indiana Farmers tends to be the much cheaper option with average prices of $84 monthly compared to $263 from Buckeye.

How does Credit Score Impact Buckeye and Indiana Farmers Rates?

Did you know that many insurance carriers take into account your credit score when calculating rates? This isn't always the case (for example, are two states that ban the practice entirely), but it might come into play for many drivers.

Car insurance companies argue that those with good credit scores are more likely to pay their bills on time each month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Indiana Farmers. Drivers with "excellent" credit can save over 30% compared to Buckeye, and those with "good" scores can also expect to see savings -- around $26 or 28% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

Indiana Farmers typically offers lower prices than Buckeye when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $43 a month less with Indiana Farmers compared to Buckeye, and those with "poor" scores generally save an average of around $111 per month.

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

How much you drive can have a big impact on your monthly premiums. That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Buckeye charges. However, there's a small difference in monthly rates for Indiana Farmers, with policyholders who drive 6,000 miles each year paying about $2 less every month compared to those who drive 12,000 miles annually. Still, Indiana Farmers is the cheaper option for drivers in both categories.

Buckeye vs. Indiana Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can have a large impact on your monthly auto insurance bill. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of vehicles that are on the roads in those areas.

Indiana Farmers tends to offer the cheapest prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Indiana Farmers offers rates around $88 a month compared to Buckeye's $131. People who live in suburban ZIP codes can expect to pay about $83 per month for Indiana Farmers and $159 for Buckeye. Lastly, those in rural areas tend to get the most affordable prices from both carriers, with average monthly premiums coming in at $72 and $107 for Indiana Farmers and Buckeye respectively.

Buckeye vs. Indiana Farmers Discounts

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

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

In the table below, we've broken down all of the different discounts offered by both Buckeye and Indiana Farmers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Overall, Indiana Farmers comes out ahead with eight discounts to Buckeye's seven.

There are a couple discounts both companies offer, but Indiana Farmers also offers advance quote discounts, good student discounts, mature driver discounts, and more that Buckeye does not.

On the flip side, Buckeye has a couple unique discounts of its own -- anti-theft discounts, distant student discounts, and paid in full discounts.

Final Thoughts: Is Buckeye or Indiana Farmers Best for You?

So, we've broken down the average prices for many of the variables auto insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, which insurance company is the best one for you and your specific driver profile?

Indiana Farmers might be best for you if....

• You have a DUI charge on your record.
• You're looking for discounts -- Indiana Farmers has the most.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Buckeye might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a good idea of the differences between Buckeye and Indiana Farmers and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Buckeye and Indiana Farmers. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Buckeye vs. Indiana Farmers FAQs

Is Buckeye or Indiana Farmers cheaper?

Looking just at the national average rates, Indiana Farmers is the more affordable of the two companies, offering average rates of $81 a month compared to $132 for Buckeye. But Indiana Farmers won't necessarily be the lowest carrier 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, Buckeye or Indiana Farmers?

Sadly, the only answer we can give you is "it depends.". No one company is "better" for every driver -- it all boils down to your unique auto insurance profile.

Why do Buckeye and Indiana Farmers offer me different rates?

Car insurance carriers take a look at a lot of different variables when determining the premiums they charge drivers. Things such as age, gender, where you call home, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Buckeye and Indiana Farmers calculate prices using different factors, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

How do I know if Buckeye or Indiana Farmers is right for me?

The only way to find the insurance company 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, sites like Compare.com do all the hard work for you. Just enter your information once 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 cheapest premium. And who knows, the best carrier for you might not be Buckeye or Indiana Farmers 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.