Cameron Mutual vs. Southern Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Southern Farm Bureau offers less expensive prices than Cameron Mutual
• Cameron Mutual offers more discounts than Southern Farm Bureau Insurance
• Southern Farm Bureau has more affordable rates for couples purchasing car insurance together

Cameron Mutual vs. Southern Farm Bureau: 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 huge discounts, you're probably wondering exactly how much you might be able to save.

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

Looking at nationwide averages, Cameron Mutual has average rates that are about 17% per month more expensive than those from Southern Farm Bureau.

Even so, that doesn't necessarily mean Southern Farm Bureau will be the cheaper option for every driver. Auto insurance companies vary their premiums depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and all sorts of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

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

Cameron Mutual or Southern Farm Bureau: Average Car Insurance Rates by State

Cameron Mutual and Southern Farm Bureau only compete against each other in Arkansas, where Southern Farm Bureau offers the cheaper average rates. For Arkansas residents, Southern Farm Bureau offers insurance for $103 per month on average. Cameron Mutual's average prices come out to be over 30% more expensive, at $136 a month.

That being said, there are plenty of other factors that go into your car insurance payment than just your home state. 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 other group of drivers out there on the road. That'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.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $80 less a month by choosing Southern Farm Bureau over Cameron Mutual.

However, both carriers will offer you dramatically lower rates by the time drivers turn 25. For example, average prices for Cameron Mutual policyholders decrease over $150 and Southern Farm Bureau's rates lower nearly $100 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 lowest premiums out there.

So, which carrier offers the best prices to retired drivers? Southern Farm Bureau gets the slight edge here, with average premiums coming in at around $76 monthly compared to Cameron Mutual's $79. That being said, that difference is less than 5%, which means it ultimately will come down to other factors, such as your credit score or your driving record.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically less expensive for married policyholders than they are for single drivers? That's because policies for married drivers generally cover several cars, which a lot of companies will offer you a discount for.

When it comes to relationship status, Southern Farm Bureau is the clear winner for those who are single, with prices about $27 per month cheaper than Cameron Mutual, on average. The advantage for married couples with Southern Farm Bureau is also obvious, where drivers save almost 15% a month.

Cameron Mutual vs. Southern Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll normally end up paying more for car insurance than women.

With Cameron Mutual, women usually pay around $15 per month less than men, and about $6 less with Southern Farm Bureau.

When it comes to the cheapest rates for each gender, Southern Farm Bureau comes out as the most affordable option for both genders, with average premiums $25 less for men and $18 cheaper for women.

Cameron Mutual or Southern 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.

It's no secret that insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and limits that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability).

In this case, Cameron Mutual offers the lowest average rates for state minimum limits for liability insurance, while Southern Farm Bureau has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $1 with Cameron Mutual Insurance Company, while full coverage comes out to be around $45 more affordable with Southern Farm Bureau Insurance.

Is Cameron Mutual or Southern Farm Bureau 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.

It's no secret secret that accidents and tickets lead to higher prices, but which company -- Cameron Mutual or Southern Farm Bureau -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Cameron Mutual car insurance policies don't report seeing their rates increase after getting a ticket, but Southern Farm Bureau policyholders can expect to see their monthly bill increase by about 10%.

But Southern Farm Bureau is generally the cheaper option for drivers both with a ticket and with a clean record, offering premiums that are 19% and 12% less expensive, respectively, compared to Cameron Mutual Insurance Company.

Which Company is Best for Drivers After an Accident?

Cameron Mutual drivers who get in a collision can expect to see their prices increase by just under $15, while those who have insurance through Southern Farm Bureau will see around a $25 increase.

Overall, the more affordable premiums come from Southern Farm Bureau, with monthly rates averaging $116 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 an accident. For example, Cameron Mutual increases average prices by over $40 a month -- that's just under a 30% increase.

If you have a DUI on your record and are looking for more affordable rates, Southern Farm Bureau tends to be the much cheaper option with average prices of $108 per month compared to $152 from Cameron Mutual.

How does Credit Score Impact Cameron Mutual and Southern Farm Bureau Rates?

Did you know that many insurance carriers take into account your credit score when calculating premiums? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for several policyholders.

Car insurance carriers 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.

Looking specifically at Southern Farm Bureau and Cameron Mutual, which carrier has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Southern Farm Bureau. Policyholders with "excellent" credit can save nearly 15% compared to Cameron Mutual, and those with "good" scores can also expect to see savings -- about $22 or 21% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Southern Farm Bureau typically offers lower premiums than Cameron Mutual when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $20 per month less with Southern Farm Bureau compared to Cameron Mutual, and those with "poor" scores normally save an average of about $31 a month.

Is Cameron Mutual or Southern 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 large impact on your monthly auto insurance cost? That's because the fewer miles you put on your vehicle, the less likely you are to get into a collision and cause an insurance claim.

In this case, neither Cameron Mutual or Southern Farm Bureau report increasing prices for drivers with higher annual mileage figures. That being said, Southern Farm Bureau comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car every year, with average rates of $103 a month for both.

Cameron Mutual vs. Southern Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a pretty big impact on your monthly insurance bill. Typically, those who live in urban areas will pay more than drivers in rural areas due to the number of cars that are on the roads in those areas.

Southern Farm Bureau boasts the most affordable average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest prices from both companies, but Southern Farm Bureau comes out on top with average premiums around $83 monthly. Southern Farm Bureau also has less expensive average rates for drivers in urban and suburban ZIP codes -- a $24 and $7 per month respective difference when compared to Cameron Mutual policyholders in similar areas.

Cameron Mutual vs. Southern Farm Bureau Discounts

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

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

Below, we've broken down all of the different discounts offered by both Cameron Mutual and Southern Farm Bureau so that you can find the one that has the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Cameron Mutual comes out ahead with six discounts to Southern Farm Bureau's four.

There are a couple discounts both carriers offer, but Cameron Mutual also offers education discounts, passive restraint discounts, renewal discounts, and more that Southern Farm Bureau does not.

On the flip side, Southern Farm Bureau has a couple unique discounts of its own -- discounts for getting driver training and multi-policy discounts.

Final Thoughts: Is Cameron Mutual or Southern Farm Bureau Best for You?

So, you've seen how different variables can affect your car insurance prices. We've broken down the different discounts each carrier offers, too. But, when it comes down to it, which insurance company is the right carrier for you and your specific needs?

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

• You're single and purchasing insurance by yourself.
• You're looking for more protection with "full coverage" car insurance.
• You are over 65 years old and want to save some money on your auto insurance.

Cameron Mutual might be best for you if...

• You care about discounts (Cameron Mutual offers the most).
• You want basic car insurance coverage at the state minimum limits.

We hope this guide has ben a valuable resource as you compare Cameron Mutual and Southern Farm Bureau and that you can now make a more informed 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 auto insurance policy is to compare quotes from several companies, not just Cameron Mutual and Southern Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Cameron Mutual vs. Southern Farm Bureau FAQs

Is Cameron Mutual or Southern Farm Bureau cheaper?

Looking just at the national average premiums, Southern Farm Bureau is the more affordable of the two companies, offering average rates of $103 a month compared to $124 for Cameron Mutual. That being said, Southern Farm Bureau won't necessarily be the lowest carrier for each driver, since there are lots of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Cameron Mutual or Southern Farm Bureau?

Unfortunately, the real answer is "it depends.". No single company is necessarily "better" for every driver -- it all comes down to what your unique auto insurance profile looks like.

Why do Cameron Mutual and Southern Farm Bureau offer me different rates?

Insurance carriers take a look at lots of different variables when determining the prices they charge drivers. Things like gender, where you live, age, your driving record, and sometimes even things like your credit score can all be used. Both Cameron Mutual and Southern Farm Bureau calculate rates differently, so each one will most likely offer different prices. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Cameron Mutual or Southern Farm Bureau is right for me?

The only way to find the auto 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, Compare.com does 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. That way, you can guarantee you're getting the lowest price. And who knows, the best carrier for you might not be Cameron Mutual or Southern 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.