Central Mutual vs. Georgia Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Georgia Farm Bureau offers significantly less expensive prices than Central Mutual
• Central Mutual offers more discounts than Georgia Farm Bureau Insurance
• Georgia Farm Bureau offers cheaper average rates for drivers who have received a ticket within the last few years

Central Mutual vs. Georgia Farm Bureau: 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 large discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Central Mutual or Georgia Farm Bureau as your top options, but which carrier will save you the most?

Looking at nationwide averages, Georgia Farm Bureau has average rates that are about 60% per month more affordable than those from Central Mutual.

However, Georgia Farm Bureau may not be the cheapest or best option for each driver out there. Auto insurance companies use a variety of complex algorithms to calculate premiums, so depending on where you live or how good your credit score is (among multiple other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average rates from both Central Mutual and Georgia Farm Bureau by a bunch of different rate factors, so read on to find out which carrier is the best for you.

Central Mutual or Georgia Farm Bureau: Average Car Insurance Rates by State

Central Mutual and Georgia Farm Bureau only compete against each other in Georgia, where Georgia Farm Bureau offers the cheaper average premiums. For Georgia residents, Georgia Farm Bureau offers car insurance for $144 a month on average. Central Mutual's average rates come out to be over 70% more expensive, at $372 monthly.

But there's more to calculating insurance prices than just your home state. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for auto insurance than any other group of drivers. It's typically 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.

Even so, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. For example, 18-year-old drivers pay an average of more than $300 less a month by choosing Georgia Farm Bureau over Central Mutual.

That being said, both carriers will offer you dramatically lower rates by the time you turn 25. For example, average prices for Central Mutual policyholders lower nearly 45% and Georgia Farm Bureau's premiums decrease almost 50% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the lowest insurance rates you'll ever see. After all, they've likely been driving for quite some time, which usually decreases their chances of accidents and other infractions that can increase prices.

But who has the best premiums for retired drivers between Central Mutual and Georgia Farm Bureau? Georgia Farm Bureau gets the edge, with rates for drivers 65 and older $158 cheaper than the national average for Central Mutual.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are typically more affordable for married couples than they are for single policyholders? This usually boils down to married drivers having multiple cars on their policy -- something lots of car insurance companies will reward with discounts.

When it comes to relationship status, Georgia Farm Bureau is the clear winner for single drivers, with premiums around $209 per month less expensive than Central Mutual, on average. The advantage is also clear for married policyholders - Georgia Farm Bureau offers the most affordable average rates.

Central Mutual vs. Georgia Farm Bureau: Average Rates by Gender

Because men are more likely to get speeding tickets and get into accidents, they run a larger risk of filing a claim with insurance. Therefore, insurance carriers will tend to offer men more expensive prices.

On average, men see rates about 4% a month higher with Central Mutual, and around 1% more with Georgia Farm Bureau.

Looking at the data for each company specifically, Georgia Farm Bureau offers the lowest average prices for both men and women. On average, male drivers save about $202 per month and women save about $190 with Georgia Farm Bureau compared to the average Central Mutual policyholder.

Central Mutual or Georgia 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 a complicated subject for most people. There are several different coverages that account for many different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

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

If you're looking for state minimum liability insurance, Georgia Farm Bureau usually offers significantly more affordable premiums of $91 compared to Central Mutual's $174. When it comes to full coverage policies with similar limits, Georgia Farm Bureau again has the edge, with policies around $300 a month less expensive than Central Mutual, on average.

Is Central Mutual or Georgia Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that tickets and at-fault collisions lead to higher premiums, but which carrier -- Central Mutual or Georgia Farm Bureau -- has the most affordable prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Georgia Farm Bureau car insurance policies don't report seeing their premiums increase after getting a ticket, but Central Mutual policyholders can expect to see their monthly bill increase by about 25%.

But Georgia Farm Bureau tends to offer the best prices for drivers both with a ticket and with a clean record, offering prices that are 53% and 65% cheaper, respectively, compared to Central Mutual Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Central Mutual can expect to see around an $69 -- or about 22% -- increase in their auto insurance rates. Drivers who use Georgia Farm Bureau for their car insurance will see a monthly bill around $19 (or 14%) more expensive after reporting an accident to their insurance company.

Overall, drivers who use Georgia Farm Bureau end up with the cheaper prices after an accident, with monthly prices averaging $133 compared to Central Mutual Insurance's $311.

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 speeding ticket when it comes to your car insurance bill. Central Mutual drivers usually see a 50% raise in their insurance rates after a DUI charge, while Georgia Farm Bureau will normally increase premiums by about 47%.

If you have a DUI on your record and are looking for more affordable rates, Georgia Farm Bureau tends to be the much more affordable option with average premiums of $216 per month compared to $482 from Central Mutual.

How does Credit Score Impact Central Mutual and Georgia Farm Bureau Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating prices? This isn't always the case (for example, are two states that ban the practice entirely), but it does affect a lot of policyholders out there.

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, drivers with good credit will often be rewarded with less expensive premiums.

Looking specifically at Georgia Farm Bureau and Central Mutual, which one has the cheapest prices for policyholders 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 Georgia Farm Bureau. Drivers with "excellent" credit can save just under 70% compared to Central Mutual, and those with "good" scores can also expect to see savings -- around $169 or 59% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Georgia Farm Bureau typically offers lower rates than Central Mutual when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $168 per month less with Georgia Farm Bureau compared to Central Mutual, and those with "poor" scores usually save an average of around $270 a month.

Is Central Mutual or Georgia Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on how much auto insurance carriers will charge for coverage. Normally, the more miles you put on your vehicle each year, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Georgia Farm Bureau charges. However, there's a small difference in monthly premiums for Central Mutual, with policyholders who drive 6,000 miles every year paying about $10 less each month compared to those who drive 12,000 miles annually. Still, Georgia Farm Bureau is the more affordable option for drivers in both categories.

Central Mutual vs. Georgia Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can play a big role in how much you pay for insurance. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Georgia Farm Bureau boasts the cheapest average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest premiums from both companies, but Georgia Farm Bureau comes out on top with average rates around $136 monthly. Georgia Farm Bureau also has cheaper average prices for drivers in urban and suburban ZIP codes -- a 72% and 44% a month respective difference when compared to Central Mutual policyholders in similar areas.

Central Mutual vs. Georgia Farm Bureau Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where car insurance discounts comes into play.

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

Below, we've taken a look at all of the different discounts Central Mutual and Georgia Farm Bureau offer their customers so that you can see which company can save you the most money each month.

Overall, Central Mutual has the advantage when it comes to total number of discounts. Georgia Farm Bureau offers a grand total of 11 discounts, while Central Mutual has 15.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, discounts for getting driver training, and paid in full discounts -- but Central Mutual also offers book transfer policy discounts, distant student discounts, DRL discounts, and more that Georgia Farm Bureau does not.

On the flip side, Georgia Farm Bureau has a couple unique discounts of its own -- discounts for being a good driver, discounts for insuring multiple cars with the same company, and paperless discounts.

Final Thoughts: Is Central Mutual or Georgia Farm Bureau Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but at the end of the day, is Central Mutual or Georgia Farm Bureau the best fit for you?

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

• You've received a ticket for speeding recently and don't want to see your premiums rise.
• You're looking for more protection with "full coverage" car insurance.
• You live in a rural neighborhood.

Central Mutual might be best for you if...

• You're looking for the company with the most discounts.

We hope this guide helps you get a good idea of the differences between Central Mutual and Georgia Farm Bureau. We also hope we've given you the information you need to make the best decision when it comes to 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 multiple carriers, not just Central Mutual and Georgia Farm Bureau. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Central Mutual vs. Georgia Farm Bureau FAQs

Is Central Mutual or Georgia Farm Bureau cheaper?

Looking just at the national average rates, Georgia Farm Bureau is the less expensive of the two carriers, offering average rates of $144 per month compared to $340 for Central Mutual. However, Georgia Farm Bureau won't necessarily be the cheapest carrier for every 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, Central Mutual or Georgia Farm Bureau?

Unfortunately, the answer truly is "it depends.". No one company is "better" for each driver -- it all depends on the makeup of your unique insurance profile.

Why do Central Mutual and Georgia Farm Bureau offer me different rates?

Auto insurance companies take a look at quite a few different variables when determining the prices they charge drivers. Factors like your driving record, gender, where you call home, age, and sometimes even things like your credit score can all come into play. Both Central Mutual and Georgia Farm Bureau calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from a range of different carriers.

How do I know if Central Mutual or Georgia Farm Bureau is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several 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 ZIP code and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the most affordable premium. And who knows, the best carrier for you might not be Central Mutual or Georgia 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.