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

Quick Facts

• Based on national averages for insurance, Colorado Farm Bureau offers significantly less expensive prices than Farmers Union
• Colorado Farm Bureau tends to be a much cheaper option for policyholders who have a short commute
• Farmers Union may help you save more money -- they offer more discounts than Colorado Farm Bureau Insurance

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

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

You might have narrowed your search down to Colorado Farm Bureau or Farmers Union for your next policy, but between the two, which one will save you the most?

Looking at the national average rates for both carriers, Farmers Union has average rates that are around 30% a month more expensive than those from Colorado Farm Bureau.

But Colorado Farm Bureau may not be the most affordable or best option for every driver out there. Auto insurance companies vary their rates depending on things like how good your credit score is, how old you are, how clean your driving record is, where you live, and a variety of other factors, so premiums could differ drastically from person to person.

Luckily, we've broken down average rates from both Colorado Farm Bureau and Farmers Union by several different rate factors, so read on to find out which carrier is the best for you.

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

Colorado Farm Bureau and Farmers Union only compete against each other in Colorado, where Colorado Farm Bureau offers the cheaper average prices. Colorado Farm Bureau drivers tend to pay about $51 per month less on average compared to drivers who use Farmers Union for their insurance.

But there's more to calculating car insurance rates than just the state you live in. Read on 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. Generally, that's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 40% less a month by choosing Colorado Farm Bureau over Farmers Union.

That being said, both carriers will drop prices by the time drivers turn 25. For example, average premiums for Colorado Farm Bureau policyholders lower nearly 40% and Farmers Union's rates decrease almost 55% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Colorado Farm Bureau and Farmers Union? Colorado Farm Bureau gets the edge, with rates for drivers 65 and older $34 more affordable than the national average for Farmers Union.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be less expensive for married policyholders than they are for those who are single. This usually boils down to married couples having more than one vehicle on their policy -- something many insurance companies will reward with discounts.

For single policyholders, the difference in average premiums between these two carriers is significant, with Colorado Farm Bureau prices coming in at a third less than Farmers Union's. The advantage for married drivers with Colorado Farm Bureau is also obvious, where drivers save about $45 per month.

Colorado Farm Bureau or Farmers Union: Average Rates by Gender

Women usually to pay less for auto insurance than men. That's because women are less likely to get tickets and get into accidents, which lowers the chances of filing a claim with insurance.

With Colorado Farm Bureau, women typically pay around 2% a month less than men, but with Farmers Union, the difference is closer to 6% per month.

Looking at overall affordability, Colorado Farm Bureau offers the lowest average rates for both men and women, with average premiums $62 less for men and $53 cheaper for women.

Colorado Farm Bureau vs. Farmers Union: 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.

Car insurance can be a complicated subject for most people. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common 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 normally refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Colorado Farm Bureau has the significant edge, with average monthly prices 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 Farmers Union's $271.

Is Colorado Farm Bureau or Farmers Union 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.

Speeding tickets and collisions will most likely raise your premiums, but is Colorado Farm Bureau or Farmers Union more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Colorado Farm Bureau for their car insurance can usually expect their monthly bill to go up around 16% after getting a speeding ticket. Farmers Union policyholders can expect a bit more drastic of an increase of about 27%.

However, Colorado Farm Bureau tends to offer the best prices for both drivers who have clean records and those with a recent ticket, offering prices that are 19% and 29% cheaper, respectively, compared to Farmers Union Insurance.

Which Company is Best for Drivers After an Accident?

Colorado Farm Bureau drivers who get in an accident can expect to see their premiums increase by $25, while those who have insurance through Farmers Union will see around a $70 increase.

At the end of the day, Colorado Farm Bureau offers the most affordable rates for drivers with an at-fault collision on their records, with average prices coming in at $137 compared to Farmers Union Insurance's $207.

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 auto insurance bill. On average, Farmers Union will climb your premiums about 39% after a DUI, while Colorado Farm Bureau's average rates climb by more than 20%.

But if you end up with a DUI charge and are looking for more affordable premiums, Colorado Farm Bureau tends to be less expensive for the average driver, with monthly premiums coming in at around $144 to Farmers Union's $225.

How does Credit Score Impact Colorado Farm Bureau and Farmers Union Rates?

Did you know many insurance carriers take your credit score into account when determining prices? This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it does affect quite a few policyholders out there.

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

So, which company offers the cheapest rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Colorado Farm Bureau will typically reward you the most. For drivers with "excellent" credit scores, Colorado Farm Bureau comes in over 41.84 more affordable. Drivers with "good" credit scores generally save about 35% with Colorado Farm Bureau compared to average premiums from Farmers Union.

Which Company is Best for Drivers with Bad Credit?

Colorado Farm Bureau typically offers lower prices than Farmers Union when it comes to drivers with bad credit. Drivers with "fair" credit pay around 31% per month less with Colorado Farm Bureau compared to Farmers Union, and those with "poor" scores usually save an average of about 21% monthly.

Is Colorado Farm Bureau or Farmers Union 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 how much auto insurance carriers will charge for coverage. Normally, those who drive fewer miles will end up with cheaper rates since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Colorado Farm Bureau or Farmers Union report increasing premiums for drivers with higher annual mileage figures. Still, Colorado Farm Bureau comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car yearly, with average rates of $132 a month for both.

Colorado Farm Bureau or Farmers Union: 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 big impact as well. 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 boasts the cheapest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Colorado Farm Bureau Insurance's average rates are around 31% less than Farmers Union Insurance. People who live in suburban areas pay about 9% less with Colorado Farm Bureau compared to Farmers Union. Those in rural areas can expect to save around 50% with Colorado Farm Bureau compared to Farmers Union.

Colorado Farm Bureau vs. Farmers Union Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many car 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 can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Colorado Farm Bureau and Farmers Union offer their customers so that you can see which company can save you the most money each month.

Farmers Union blows Colorado Farm Bureau away when it comes to the sheer amount of discounts available, offering 11 different discounts to Colorado Farm Bureau's four.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts -- but Farmers Union also offers discounts for distant student, farm, good driving, 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 Farmers Union Best for You?

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

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

• You've received a ticket for speeding recently and don't want to see your prices rise.
• You already have a great credit score.
• You have a short commute.

Farmers Union might be best for you if...

• You're looking for discounts -- Farmers Union has the most.

Hopefully, this guide has ben a valuable resource as you compare Colorado Farm Bureau and Farmers Union and that you can now make a more informed decision when it comes to your car 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 insurance -- comparing quotes from several companies, not just Colorado Farm Bureau and Farmers Union. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Colorado Farm Bureau vs. Farmers Union FAQs

Is Colorado Farm Bureau or Farmers Union cheaper?

Colorado Farm Bureau is the more affordable of the two companies when looking at national average premiums, with policies averaging $132 per month with Colorado Farm Bureau and $189 for Farmers Union. That being said, that doesn't mean Colorado Farm Bureau will be the most affordable company for every 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, Colorado Farm Bureau or Farmers Union?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for each policyholder -- it all depends on the makeup of your unique insurance profile.

Why do Colorado Farm Bureau and Farmers Union offer me different rates?

Auto insurance carriers use lots of different variables when calculating the rates they charge. Things like where your home is, gender, where you live, age, and sometimes even things like your credit score can all come into play. Both Colorado Farm Bureau and Farmers Union use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the car insurance carrier 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 information once and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the most affordable price. And maybe you'll find that the best company for you isn't Colorado Farm Bureau or Farmers Union 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.