Colorado Farm Bureau vs. Encompass: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Colorado Farm Bureau offers significantly less expensive premiums than Encompass
• Colorado Farm Bureau offers more affordable prices for policyholders who have a short commute
• Encompass may help you save more money -- they offer more discounts than Colorado Farm Bureau Insurance

Colorado Farm Bureau or Encompass: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering big savings. But exactly how much can you save by switching?

You might have narrowed it down to Colorado Farm Bureau or Encompass as potential options, but between the two, which one has cheaper premiums for auto insurance?

Looking at nationwide averages, Encompass is quite a bit more expensive than Colorado Farm Bureau, with prices averaging $466 a month compared to just $132 with Colorado Farm Bureau.

That being said, that doesn't necessarily mean Colorado Farm Bureau will be the more affordable option for every single driver. Car insurance carriers vary their rates depending on things like where you live, how good your credit score is, how clean your driving record is, how old you are, and a ton of other factors, so premiums will differ quite a bit from person to person.

Wanting to know if Colorado Farm Bureau or Encompass is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Colorado Farm Bureau vs. Encompass: Average Car Insurance Rates by State

Colorado Farm Bureau and Encompass only compete against each other in Colorado, where Colorado Farm Bureau offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their insurance.

But there's more to calculating auto insurance prices than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group out there on the road. That's generally because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Colorado Farm Bureau for their insurance pay over 80% less than those who use Encompass.

But with both companies, you'll see your rates decrease significantly by the time you turn 25. For example, average premiums for Colorado Farm Bureau policyholders reduce almost 40% and Encompass's rates lower more than 65% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the lowest car insurance prices you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

So, which carrier offers the best rates to retired drivers? Colorado Farm Bureau gets the edge, with prices for drivers 65 and older over 65% less expensive than the national average for Encompass.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are normally cheaper for married policyholders than they are for those who are single? That's because policies for married drivers generally cover multiple vehicles, which lots of carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is significant, with Colorado Farm Bureau rates coming in at around a quarter of Encompass's. The advantage for married couples with Colorado Farm Bureau is also obvious, where drivers save more than 65% a month.

Colorado Farm Bureau or Encompass: Average Rates by Gender

Because women are less likely to get speeding tickets and get into accidents, they have a lower chance of filing a claim with insurance. So, insurance carriers will tend to charge women less than men.

Women usually pay about 2% per month less than men with Colorado Farm Bureau, and around 5% less with Encompass.

Looking at overall affordability, Colorado Farm Bureau comes out as the most affordable option for both genders, with average prices $344 less for men and $323 cheaper for women.

Colorado Farm Bureau vs. Encompass: 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, car insurance can be pretty complicated. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

Even so, most policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Colorado Farm Bureau has the significant edge, with average monthly rates coming in at $71. If you want a full coverage policy with the same state minimum limits, Colorado Farm Bureau again has the edge, with policies averaging about $193 a month to Encompass's $629.

Is Colorado Farm Bureau or Encompass Better for Drivers with Spotty Records?

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

You'll probably end up paying more with collisions and speeding tickets 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 who use Colorado Farm Bureau for their car insurance can typically expect their monthly bill to go up around 16% after getting a speeding ticket. Encompass policyholders can expect a bit more drastic of an increase of about 21%.

However, Colorado Farm Bureau is usually the more affordable option for drivers both with a ticket and with a clean record -- their rates are around 51% cheaper for drivers with clean records and 53% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Colorado Farm Bureau can expect to see around an $25 -- or about 18% -- rise in their auto insurance rates. Drivers who use Encompass for their car insurance will see a monthly bill around $101 (or 31%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, drivers who use Colorado Farm Bureau end up with the cheaper prices after an accident, with average premiums coming in at $137 compared to Encompass Insurance's $328.

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. Encompass drivers usually see a 78% raise in their auto insurance rates after a DUI charge, while Colorado Farm Bureau will normally climb prices by about 22%.

How does Credit Score Impact Colorado Farm Bureau and Encompass Rates?

Did you know many insurance companies take into account your credit score when determining premiums? Certain states and carriers do not allow for credit score to be used as an insurance factor, but it does affect several drivers out there.

The reasoning car insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with more affordable rates.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Colorado Farm Bureau or Encompass Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on how much auto insurance carriers will charge for coverage. That's because the fewer miles you drive, the less likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Colorado Farm Bureau charges. However, there's a small difference in monthly prices for Encompass, with drivers who put 6,000 miles on their car yearly paying around $2 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Colorado Farm Bureau is the cheaper company.

Colorado Farm Bureau or Encompass: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a considerable role in how much you pay for insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of vehicles that are on the roads where they live.

Colorado Farm Bureau tends to offer the cheapest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Colorado Farm Bureau Insurance's average rates are about 72% less than Encompass Insurance. People who live in suburban areas pay around 64% less with Colorado Farm Bureau compared to Encompass. Those in rural areas can expect to save about 79% with Colorado Farm Bureau compared to Encompass.

Colorado Farm Bureau vs. Encompass 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 utilizing as many insurance discounts as possible.

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

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Colorado Farm Bureau and Encompass so that you can find the company that has the most discounts and, therefore, the largest savings.

Encompass blows Colorado Farm Bureau away when it comes to the sheer amount of discounts available, offering 26 different discounts to Colorado Farm Bureau's four.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts. Encompass also offers discounts for ABS, advance quote, anti-theft, and more.

Colorado Farm Bureau's discounts come through just a few categories, including Defensive Driver, Driver Training, Good Student, and more.

Final Thoughts: Is Colorado Farm Bureau or Encompass Best for You?

You've seen the role certain variables have on your auto insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, is Colorado Farm Bureau or Encompass the right carrier for you, your vehicle, and your wallet?

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

• You want to save money on your car insurance after an accident.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing auto insurance for a teenager.

Encompass might be best for you if...

• You value the experience that comes with a large national car insurance company.
• You care about discounts (Encompass offers the most).

Hopefully, this guide helps you get a good idea of the differences between Colorado Farm Bureau and Encompass. We also hope we've given you the information you need to make the best decision about your 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 auto insurance -- comparing quotes from a handful of carriers, not just Colorado Farm Bureau and Encompass. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Colorado Farm Bureau vs. Encompass FAQs

Is Colorado Farm Bureau or Encompass cheaper?

Colorado Farm Bureau is the more affordable of the two carriers when looking at national average premiums, with policies averaging $132 per month with Colorado Farm Bureau and $466 for Encompass. But that doesn't mean Colorado Farm Bureau will be the lowest carrier for each driver, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Colorado Farm Bureau or Encompass?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for every policyholder -- it all depends on the makeup of your unique insurance profile.

Why do Colorado Farm Bureau and Encompass offer me different rates?

Auto insurance companies use quite a few different variables when calculating the prices they charge. Factors like your driving record, where you park your car, age, gender, and sometimes even things like your credit score can all be used. Both Colorado Farm Bureau and Encompass use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a range of different carriers.

How do I know if Colorado Farm Bureau or Encompass 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, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Colorado Farm Bureau or Encompass 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.