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

Quick Facts

• Looking at the national averages for car insurance, Colorado Farm Bureau offers significantly more affordable prices than Metlife
• Colorado Farm Bureau tends to be a much less expensive option for people who are single and purchasing insurance by yourself
• Metlife offers more discounts than Colorado Farm Bureau Insurance

Colorado Farm Bureau vs. Metlife: Which Company has the Cheapest Car Insurance?

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

You might be considering Colorado Farm Bureau or Metlife for your next policy, but which company will offer you cheaper rates?

Looking at nationwide averages, Metlife is quite a bit more expensive than Colorado Farm Bureau, with premiums averaging $340 per month compared to just $132 with Colorado Farm Bureau.

Even so, that doesn't mean Colorado Farm Bureau will necessarily be less expensive than Metlife for each driver. Car insurance companies use a variety of complex algorithms to calculate prices, so depending on how old you are or how clean your driving record is (among a lot of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average premiums from both Colorado Farm Bureau and Metlife by a bunch of different rate factors, so read on to find out which company is the best for you.

Colorado Farm Bureau or Metlife: Average Car Insurance Rates by State

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There's a lot more that goes into your insurance cost than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Colorado Farm Bureau save more than $500 a month compared to those who use Metlife.

That being said, with both carriers, you'll see your rates drop significantly by the time you turn 25. For example, average premiums for Colorado Farm Bureau policyholders lower nearly 40% and Metlife's prices reduce over 70% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest insurance premiums 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 rates.

So, which carrier offers the best prices to retired drivers? Colorado Farm Bureau gets the edge, with rates for drivers 65 and older $91 more affordable than the national average for Metlife.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper car insurance premiums than those who are single. That's typically because married couples tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Colorado Farm Bureau is the clear winner for single policyholders, with prices about $284 per month less expensive than Metlife, on average. The advantage for married policyholders with Colorado Farm Bureau is also obvious, where drivers save more than $100 a month.

Colorado Farm Bureau vs. Metlife: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to auto insurance men will normally end up paying a little more.

On average, men see rates around $2 per month higher with Colorado Farm Bureau, and about $28 more with Metlife.

Looking at the data for each company specifically, Colorado Farm Bureau comes out on top for both men and women. On average, male drivers save about $221 a month and women save around $195 with Colorado Farm Bureau compared to the average Metlife policyholder.

Colorado Farm Bureau or Metlife: 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, insurance isn't the easiest topic to understand. There are a range of different coverages that account for a variety of 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 provides bodily injury and property damage coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, Colorado Farm Bureau usually offers significantly more affordable premiums of $71 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Colorado Farm Bureau again has the edge, with policies about $250 per month cheaper than Metlife, on average.

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

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Collisions and tickets will most likely raise your prices, but is Colorado Farm Bureau or Metlife more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Colorado Farm Bureau policyholders can expect their rates to go up an average of $22 a month if they get a ticket, while Metlife typically raises premiums around $59 per month, on average.

However, Colorado Farm Bureau tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering prices that are 49% and 52% cheaper, respectively, compared to MetLife.

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 Metlife will see about a $150 increase.

Overall, drivers who use Colorado Farm Bureau end up with the cheaper prices after an accident, with monthly prices averaging $137 compared to MetLife's $368.

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 ticket when it comes to your insurance bill. Metlife drivers usually see a 55% increase in their car insurance rates after a DUI charge, while Colorado Farm Bureau will generally raise prices by around 22%.

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

You may not realized it, but your credit score can come into play when companies determine your monthly bill. This isn't always the case (for example, Massachusetts and California are two states that ban the practice entirely), but it might come into play for many policyholders.

The reasoning insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will normally be forced to pay more.

Looking specifically at Colorado Farm Bureau and Metlife, which one has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Colorado Farm Bureau or Metlife 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 companies will charge for coverage. Generally, those who drive less will end up with less expensive prices since there's less of a chance of getting into a collision and causing 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 Metlife, with drivers who put 6,000 miles on their car each year paying about $3 less every month compared to those who drive 12,000 miles annually. Still, Colorado Farm Bureau is the cheaper option for drivers in both categories.

Colorado Farm Bureau vs. Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

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

Colorado Farm Bureau boasts the most affordable average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest premiums from both carriers, but Colorado Farm Bureau comes out on top with average rates around $85 per month. Colorado Farm Bureau also has more affordable average prices for policyholders in urban and suburban ZIP codes -- a 60% and 53% a month respective difference when compared to Metlife drivers in similar areas.

Colorado Farm Bureau vs. Metlife Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many car insurance discounts as you can.

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're eligible for.

Below, we've compared all of the different discounts offered by Colorado Farm Bureau and Metlife so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Colorado Farm Bureau away when it comes to the sheer amount of discounts available, offering 32 more discounts than Colorado Farm Bureau.

There are a couple discounts both companies offer, but Metlife also offers AAA discounts, ABS discounts, academic discounts, and more that Colorado Farm Bureau does not.

On the flip side, Colorado Farm Bureau has a unique discount of its own -- a driver training discounts.

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

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

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

• You have below-average credit.
• You have above-average credit.
• You and your spouse are buying car insurance together.

Metlife might be best for you if...

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

We hope this guide helps you get a good idea of the differences between Colorado Farm Bureau and Metlife. We also hope we've given you the information you need to make the best decision about your car 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 Colorado Farm Bureau and Metlife. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Colorado Farm Bureau vs. Metlife FAQs

Is Colorado Farm Bureau or Metlife cheaper?

Looking just at the national average rates, Colorado Farm Bureau is the less expensive of the two companies, offering average rates of $132 per month compared to $340 for Metlife. But Colorado Farm Bureau won't necessarily be the most affordable company for each policyholder, since there are multiple different variables that come into play when it comes to your auto insurance payment.

Who is better, Colorado Farm Bureau or Metlife?

Sadly, the answer truly is "it depends.". Neither carrier is necessarily "better" for everyone -- it all comes down to what your unique insurance profile looks like.

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

Car insurance carriers take a look at several different factors when calculating the premiums they charge policyholders. Things like where your home is, gender, where you call home, age, and sometimes even things like your credit score can all be used. Both Colorado Farm Bureau and Metlife calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from several different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Colorado Farm Bureau or Metlife 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.