Cameron Mutual vs. Farmers Automobile: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Farmers Automobile offers slightly more affordable prices than Cameron Mutual
• Cameron Mutual offers cheaper average premiums for drivers with a DUI charge on their record
• Farmers Automobile tends to be a much less expensive option for residents of rural areas

Cameron Mutual vs. Farmers Automobile: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Cameron Mutual or Farmers Automobile as potential options, but between the two, which one will save you the most?

Looking at nationwide averages, Farmers Automobile is about $1 per month cheaper than Cameron Mutual.

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

Wanting to know if Cameron Mutual or Farmers Automobile is really the right carrier for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Cameron Mutual or Farmers Automobile: Average Car Insurance Rates by State

Cameron Mutual and Farmers Automobile only compete against each other in one states, with Farmers Automobile offering more affordable rates to the average driver in all of them. Iowa has the most noticable difference, where Farmers Automobile premiums are over 20% less expensive than auto insurance prices at Cameron Mutual.

There's a lot more that goes into your car insurance payment than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. That's usually because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean that teen drivers have to just accept sky-high car insurance rates. As you can see above, teens who use Farmers Automobile save $6 a month compared to those who use Cameron Mutual.

That being said, with both carriers, you'll see your prices decrease significantly by the time drivers turn 25. For example, average premiums for Cameron Mutual policyholders drop more than 55% and Farmers Automobile's rates lower over 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the lowest auto 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 insurance.

But who has the best rates for retired drivers between Cameron Mutual and Farmers Automobile? Cameron Mutual gets the edge here, with average prices coming in at around $79 a month compared to Farmers Automobile's $96.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more expensive for single policyholders than they are for married policyholders. That's because policies for married couples normally cover multiple cars, which several companies will offer you a discount for.

When it comes to relationship status, Farmers Automobile is the winner for those who are single, with rates about $3 per month more affordable than Cameron Mutual, on average.

Cameron Mutual vs. Farmers Automobile: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll typically end up paying more for car insurance than women.

On average, men see prices nearly $15 a month higher with Cameron Mutual, and around $1 with Farmers Automobile.

Looking at overall affordability, Farmers Automobile is the cheapest company for men. Rates with Farmers Automobile are $8 less for men, while women can save about $4 with Cameron Mutual.

Cameron Mutual or Farmers Automobile: 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.

It's no secret that insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

However, the most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages in addition to what you get with liability).

In this case, Cameron Mutual offers the most affordable average rates for state minimum liability insurance, while Farmers Automobile has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $20 with Cameron Mutual Insurance Company, while full coverage comes out to be around $25 cheaper with Farmers Automobile Insurance Association.

Is Cameron Mutual or Farmers Automobile Better for Drivers with Spotty Records?

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

Collisions and tickets will most likely raise your premiums, but is Cameron Mutual or Farmers Automobile more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Cameron Mutual auto insurance policies don't report seeing their prices increase after getting a ticket, but Farmers Automobile policyholders can expect to see their monthly bill increase by about 20%.

That being said, Farmers Automobile tends to offer the best prices for drivers both with a ticket and with a clean record, offering premiums that are 21% and 1% less expensive, respectively, compared to Cameron Mutual Insurance Company.

Which Company is Best for Drivers After an Accident?

Both carriers will increase rates pretty significantly if you get into an at-fault accident with Farmers Automobile climbing by $30. Cameron Mutual has a less extreme climb, but you can still expect to pay just under $15 more than you were prior to your first collision.

Overall, Farmers Automobile offers the cheapest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $117 compared to Cameron Mutual Insurance Company's $124.

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 speeding ticket or even a collision. Farmers Automobile drivers usually see a 51% raise in their insurance prices after a DUI charge, while Cameron Mutual will generally increase rates by around 28%.

If you have a DUI on your record and are looking for more affordable premiums, Cameron Mutual tends to be the much cheaper option with average prices of $152 per month compared to $178 from Farmers Automobile.

How does Credit Score Impact Cameron Mutual and Farmers Automobile Rates?

Often times, your credit score can be used as one of the factors to calculate your monthly auto insurance premiums. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for lots of drivers.

Car insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive rates.

Looking at Cameron Mutual and Farmers Automobile specifically, which carrier has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Farmers Automobile. Policyholders with "excellent" credit can save 5% compared to Cameron Mutual, and those with "good" scores can also expect to see savings -- about $8 or 7% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

If you have less-than-perfect credit, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around $3 less with Farmers Automobile than Cameron Mutual, but those whose credit is considered "poor" have it flipped -- saving about $10 per month with Cameron Mutual.

Is Cameron Mutual or Farmers Automobile 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. That's because the more miles you put on your vehicle, the more likely you are to get into an accident 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 Cameron Mutual charges. However, there's a significant difference in monthly premiums for Farmers Automobile, with policyholders who drive 6,000 miles annually paying around $21 less each month compared to those who drive 12,000 miles yearly.

Cameron Mutual vs. Farmers Automobile: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a sizable role in how much you pay for auto insurance. Usually, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer cars on the roads in those areas.

Looking at these carriers side-by-side, Farmers Automobile tends to offer the most affordable option for drivers in rural and suburban areas, while Cameron Mutual wins in urban areas.

In urban areas, Cameron Mutual Insurance Company's average rates are about 30% less than Farmers Automobile Insurance Association. Drivers in suburban ZIP codes pay around 25% less with Farmers Automobile compared to Cameron Mutual. If you live in a rural area, you can expect to save about 28% with Farmers Automobile compared to Cameron Mutual.

Cameron Mutual vs. Farmers Automobile Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

In the section below, we've compared all of the different discounts offered by Cameron Mutual and Farmers Automobile so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Overall, Farmers Automobile has the advantage when it comes to total number of discounts. Cameron Mutual offers a grand total of six discounts, while Farmers Automobile has 11.

Both companies offer quite a few of the same discounts -- like discounts for being a defensive driver and discounts for being a good student -- but Farmers Automobile also offers advance quote discounts, anti-theft discounts, EFT discounts, and more that Cameron Mutual does not.

On the flip side, Cameron Mutual has a couple unique discounts of its own -- education discounts, passive restraint discounts, renewal discounts, and more.

Final Thoughts: Is Cameron Mutual or Farmers Automobile Best for You?

You've seen the role certain variables have on your car insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Cameron Mutual or Farmers Automobile the right one for you and your specific needs?

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

• You have a speeding ticket on your driving record.
• You have above-average credit.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Cameron Mutual might be best for you if...

• You have a DUI charge on your record.
• Your home is in a busy urban area.
• You drive often but have a short commute.

We hope this guide helps you get a good idea of the differences between Cameron Mutual and Farmers Automobile. We also hope we've given you the information you need to make the best decision when it comes to your auto 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 car insurance -- comparing quotes from a handful of companies, not just Cameron Mutual and Farmers Automobile. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Cameron Mutual vs. Farmers Automobile FAQs

Is Cameron Mutual or Farmers Automobile cheaper?

Looking just at the national average premiums, Farmers Automobile is the cheaper of the two companies, offering average rates of $123 a month compared to $124 for Cameron Mutual. However, Farmers Automobile won't necessarily be the lowest company for every policyholder, since there are lots of different factors that are considered when it comes to your auto insurance bill.

Who is better, Cameron Mutual or Farmers Automobile?

Unfortunately, the real answer is "it depends.". No single carrier is "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, Cameron Mutual offers less expensive prices for drivers with a recent DUI, while Farmers Automobile is more affordable for drivers with excellent credit.

Why do Cameron Mutual and Farmers Automobile offer me different rates?

Insurance carriers take a look at quite a few different variables when calculating the rates they charge policyholders. Things like your driving record, age, where you call home, gender, and sometimes even things like your credit score can all be used. Both Cameron Mutual and Farmers Automobile use different formulas, 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 Cameron Mutual or Farmers Automobile is right for me?

The only way to find the auto 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 free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the most affordable premium. And who knows, the best company for you might not be Cameron Mutual or Farmers Automobile 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.