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

Quick Facts

• Based on national averages for auto insurance, Cameron Mutual offers significantly less expensive prices than Farmers
• Cameron Mutual offers more affordable premiums for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Farmers may help you save more money -- they offer more discounts than Cameron Mutual Insurance Company

Cameron Mutual or Farmers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

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

Looking at the national average rates for both carriers, Cameron Mutual has average rates that are around 40% a month more affordable than those from Farmers.

But that doesn't mean Cameron Mutual will necessarily be cheaper than Farmers for every single driver. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, where you call home, or even your age (among other things), so rates will differ quite a bit from person to person.

So, if you want to find out which of Cameron Mutual or Farmers is really the best for you, keep reading to see average premiums for each company broken down by a bunch of different rate factors.

Cameron Mutual vs. Farmers: Average Car Insurance Rates by State

Cameron Mutual and Farmers only compete against each other in two states, with Cameron Mutual offering more affordable prices to the average driver in all of them. Iowa has the most noticable difference, where Cameron Mutual rates are $21 less expensive than car insurance premiums at Farmers.

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for car 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.

That being said, that doesn't mean that teen drivers have to just accept sky-high insurance premiums. As you can see above, teens who use Cameron Mutual save over 45% per month compared to those who use Farmers.

However, both companies will lower prices once you turn 25. For example, average rates for Cameron Mutual policyholders reduce about $150 and Farmers's premiums decrease around $400 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable auto insurance prices you can find. 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 prices for retired drivers between Cameron Mutual and Farmers? Cameron Mutual gets the edge, with rates for drivers 65 and older almost 45% cheaper than the national average for Farmers.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more affordable for married drivers than they are for single drivers. That's because policies for married policyholders normally cover multiple vehicles, which lots of carriers will give you a discount for.

For those who are single, the difference in average rates between these two companies is significant, with Cameron Mutual premiums coming in at a third less than Farmers's. For married couples, the advantage is clear again - Cameron Mutual has the edge when it comes to average rates.

Cameron Mutual or Farmers: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for auto insurance than women.

Men normally pay nearly 10% more a month than women with Cameron Mutual, and about 3% with Farmers.

Looking at overall affordability, Cameron Mutual comes out on top for both men and women. On average, male drivers save about $76 per month and women save around $82 with Cameron Mutual compared to the average Farmers policyholder.

Cameron Mutual vs. 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.

It's no secret that car insurance can be a complicated subject for most people. There are multiple different coverages that account for a range of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- 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).

Looking specifically at state minimum liability limits, Cameron Mutual has the significant edge, with average monthly premiums coming in at $53. If you want a full coverage policy with the same state minimum limits, Cameron Mutual again has the edge, with policies averaging about $195 a month to Farmers's $281.

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

It's no secret -- drivers with good records end up getting the best deals on their 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 speeding tickets and accidents on your record, but which of these two carriers offers the cheapest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Cameron Mutual auto insurance policies don't report seeing their rates increase after getting a ticket, but Farmers policyholders can expect to see their monthly bill increase by around a quarter.

Even so, Cameron Mutual has less expensive prices for drivers in both categories -- their rates are around 32% more affordable for drivers with clean records and 47% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both companies will raise premiums pretty significantly if you get into an at-fault collision with Farmers climbing by about 28%. Cameron Mutual has a less extreme increase, but you can still expect to pay more than 10% more than you were prior to your first accident.

At the end of the day, the cheaper rates come from Cameron Mutual, with average prices coming in at $124 compared to Farmers Insurance's $224.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your insurance bill. On average, Farmers will climb your premiums around 27% after a DUI, while Cameron Mutual's average prices climb by nearly 30%.

How does Credit Score Impact Cameron Mutual and Farmers Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as an insurance factor, but it will come into play for a lot of drivers.

Car insurance carriers 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 specifically at Farmers and Cameron Mutual, which company has the lowest premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Cameron Mutual or Farmers Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly rates. Generally, the more milage you drive, the more you can expect to pay for auto insurance.

In this case, neither Cameron Mutual or Farmers report increasing prices for drivers with higher annual mileage figures. That being said, Cameron Mutual comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car yearly, with average premiums of $124 per month for both.

Cameron Mutual or Farmers: 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 considerable impact as well. Typically, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer vehicles on the road where they live, which lowers the chances of an accident.

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

Those in rural areas can expect to save about 32% with Cameron Mutual compared to Farmers. People who live in suburban areas pay around 35% less with Cameron Mutual compared to Farmers. For drivers in urban ZIP codes, Cameron Mutual Insurance Company's average prices are about 47% less than Farmers Insurance.

Cameron Mutual vs. Farmers Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many auto insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Cameron Mutual and Farmers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Farmers blows Cameron Mutual away when it comes to the sheer amount of discounts available, offering 28 different discounts to Cameron Mutual's six.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts -- but Farmers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Cameron Mutual has a few proprietary discounts of their own for things like education discounts, renewal discounts, and umbrella policy discounts.

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

You've seen the role certain variables have on your car insurance and the different discounts companies offer. But, when it comes down to it, which insurance carrier is the best fit for you?

Cameron Mutual might be best for you if....

• You will be the only person on the auto insurance policy.
• You want the most robust protection via a "full coverage" policy.
• You're of retirement age and want to take advantage of lower rates.

Farmers might be best for you if...

• You are considering moving to another state -- undefined only offers policies to residents.
• You care about discounts (Farmers offers the most).

Hopefully, this guide has ben a valuable resource as you compare Cameron Mutual and Farmers. We also hope we've given you the information you need to make the best decision when it comes to your 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 carriers, not just Cameron Mutual and Farmers. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

Cameron Mutual vs. Farmers FAQs

Is Cameron Mutual or Farmers cheaper?

Cameron Mutual is the cheaper of the two carriers when looking at national average premiums, with policies averaging $124 a month with Cameron Mutual and $203 for Farmers. However, that doesn't mean Cameron Mutual will be the lowest company for each policyholder, since there are many different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Cameron Mutual or Farmers?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Cameron Mutual and Farmers offer me different rates?

Auto insurance companies use quite a few different variables when determining the prices they charge. Factors like gender, your driving record, age, where you call home, and sometimes even things like your credit score can all come into play. Both Cameron Mutual and Farmers calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Cameron Mutual or Farmers is right for me?

The only way to find the 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the cheapest rate. And maybe you'll find that the best company for you isn't Cameron Mutual or Farmers 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.