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

Quick Facts

• In general, Colorado Farm Bureau offers significantly more affordable premiums than Esurance
• Colorado Farm Bureau offers more affordable rates for policyholders who drive fewer than 6,000 miles yearly
• Esurance may help you save more money -- they offer more discounts than Colorado Farm Bureau Insurance

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

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

You've maybe even narrowed it down to Colorado Farm Bureau or Esurance for your next policy, but between the two, which carrier will save you the most?

Looking at nationwide averages, Colorado Farm Bureau has average rates that are around 55% a month cheaper than those from Esurance.

However, Colorado Farm Bureau may not be the lowest or best option for each driver out there. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, your credit score, where you call home, or even your driving record (among other things), so premiums will vary quite a bit from person to person.

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

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

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

There are plenty of other factors that go into your car insurance cost than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. That's generally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Colorado Farm Bureau for their car insurance pay almost 70% less than those who use Esurance.

Even so, both companies will lower prices once you turn 25. For example, average premiums for Colorado Farm Bureau policyholders drop about $90 and Esurance's prices decrease nearly $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates out there.

But who has the best premiums for retired drivers between Colorado Farm Bureau and Esurance? Colorado Farm Bureau gets the edge here, with average rates coming in at around $114 monthly compared to Esurance's $232.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be more expensive for single policyholders than they are for married drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something a lot of car insurance carriers will reward with discounts.

For single drivers, the difference in average premiums between these two companies is significant, with Colorado Farm Bureau prices coming in at about 60% less than Esurance's. For married couples, the advantage is clear again - Colorado Farm Bureau has the edge when it comes to average premiums.

Colorado Farm Bureau or Esurance: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they have a decreased chance of filing a claim with insurance. So, insurance carriers will tend to offer women more affordable rates.

With Colorado Farm Bureau, men usually pay around $2 a month more than women, and about $20 with Esurance.

When it comes to the lowest premiums for each gender, Colorado Farm Bureau comes out on top for both men and women. On average, women save about $157 per month and men save around $176 with Colorado Farm Bureau compared to the average Esurance policyholder.

Colorado Farm Bureau vs. Esurance: 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 auto insurance, but there are so many different limits and terms that it can be hard to find the right policy for you.

That being said, most policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability).

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 Esurance's $396.

Is Colorado Farm Bureau or Esurance 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.

Collisions and speeding tickets will most likely raise your prices, but is Colorado Farm Bureau or Esurance less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Colorado Farm Bureau for their auto insurance can typically expect their monthly bill to go up around 16% after getting a speeding ticket. Esurance policyholders can expect a less drastic increase of about 16%.

But Colorado Farm Bureau has cheaper rates for drivers in both categories. With Colorado Farm Bureau Insurance, drivers with a clean record can save around $130 per month and drivers with a ticket can save about $153 a month.

Which Company is Best for Drivers After an Accident?

Both companies will raise prices pretty significantly if you get into an at-fault collision with Esurance climbing by around 34%. Colorado Farm Bureau has a less extreme increase, but you can still expect to pay nearly 20% more than you were prior to your first accident.

At the end of the day, Colorado Farm Bureau offers the cheapest premiums for drivers with an at-fault collision on their records, with average prices coming in at $137 compared to Esurance's $364.

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, Esurance increases average rates by nearly $60 per month -- that's just under a 20% increase.

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

Did you know many car insurance carriers take into account your credit score when determining premiums? Certain states and companies do not allow for credit score to be used as an insurance factor, but it will come into play for lots of drivers.

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

So, which company offers the best prices 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 Esurance 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 rates. That's because the more milage you put on your vehicle, the more 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 premiums for Esurance, with policyholders who drive the least paying about $1 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Colorado Farm Bureau is the less expensive carrier.

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

Where you park your car can play a large role in how much you pay for car insurance. Normally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more vehicles on the roads where they live.

When comparing these two companies side-by-side, Colorado Farm Bureau generally comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 60% with Colorado Farm Bureau compared to Esurance. People who live in suburban areas pay about 46% less with Colorado Farm Bureau compared to Esurance. For policyholders in urban ZIP codes, Colorado Farm Bureau Insurance's average prices are around 61% less than Esurance.

Colorado Farm Bureau vs. Esurance Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts 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 Esurance so that you can see which company can save you the most money each month.

Esurance knocks Colorado Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 24 different discounts to Colorado Farm Bureau's 24.

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. Esurance also offers discounts for ABS, advance quote, agency transfer, and more.

On the other hand, Colorado Farm Bureau has a proprietary discount of their own -- a driver training discounts.

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

So, we've broken down the average rates for many of the variables insurance carriers look at, and walked through the different discounts each company offers, too. That's all well and good, but at the end of the day, which insurance carrier is the best one for you and your specific profile and needs?

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

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

Esurance might be best for you if...

• You value the experience that comes with a large national car insurance company.
• You're looking for discounts -- Esurance has the most.

Hopefully, this guide has ben a valuable resource as you compare Colorado Farm Bureau and Esurance and that you can now make a more informed decision when it comes to your auto 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 companies, not just Colorado Farm Bureau and Esurance. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Colorado Farm Bureau vs. Esurance FAQs

Is Colorado Farm Bureau or Esurance cheaper?

Colorado Farm Bureau is the more affordable of the two companies when looking at national average prices, with policies averaging $132 a month with Colorado Farm Bureau and $299 for Esurance. However, that doesn't mean Colorado Farm Bureau will be the most affordable carrier for every driver, since there are several different factors that are considered when it comes to your auto insurance bill.

Who is better, Colorado Farm Bureau or Esurance?

Unfortunately, the answer truly is "it depends.". Neither company is necessarily "better" for each policyholder -- it all boils down to your unique insurance profile.

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

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

How do I know if Colorado Farm Bureau or Esurance is right for me?

The only way to find the car 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 makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the most affordable price. And maybe you'll find that the best carrier for you isn't Colorado Farm Bureau or Esurance 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.