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

Quick Facts

• In general, Colorado Farm Bureau offers significantly less expensive premiums than Progressive
• Colorado Farm Bureau has cheaper rates for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Progressive offers more discounts than Colorado Farm Bureau Insurance

Colorado Farm Bureau vs. Progressive: 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 big discounts, but exactly how much money can you save by switching?

You might have narrowed your search down to Colorado Farm Bureau or Progressive as your top options, but which one has more affordable premiums for insurance?

Looking at the national average rates for both companies, Progressive has average rates that are about 25% per month more expensive than those from Colorado Farm Bureau.

Even so, that doesn't necessarily mean Colorado Farm Bureau will be the cheaper option for every single driver. After all, auto insurance carriers can offer drastically different rates to each driver depending on rating factors like your age, your driving record, where you call home, or even your credit score (among other things). So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

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

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

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But there's more to calculating car insurance premiums than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any other group of drivers out there on the road. That's typically because young, inexperienced 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 teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of nearly $250 less a month by choosing Colorado Farm Bureau over Progressive.

But both companies will decrease premiums by the time you turn 25. For example, average prices for Colorado Farm Bureau policyholders drop almost 40% and Progressive's premiums lower nearly 70% 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 prices you can find.

When looking at Colorado Farm Bureau and Progressive specifically, which carrier is best for retired drivers? Colorado Farm Bureau gets the edge, with rates for drivers 65 and older almost 15% less expensive than the national average for Progressive.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance prices than married couples. That's because policies for married policyholders generally cover more than one car, which many carriers will offer you a discount for.

When it comes to relationship status, Colorado Farm Bureau is the clear winner for single drivers, with rates around $71 per month more affordable than Progressive, on average. The advantage for married drivers with Colorado Farm Bureau is also obvious, where drivers save nearly $20 a month.

Colorado Farm Bureau vs. Progressive: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll normally end up paying more for car insurance than women.

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

Looking at overall affordability, Colorado Farm Bureau comes out as the most affordable option for both genders. On average, male drivers save about $50 a month and women save about $47 with Colorado Farm Bureau compared to the average Progressive policyholder.

Colorado Farm Bureau or Progressive: 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 auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

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

If you're looking for state minimum liability limits, Colorado Farm Bureau typically offers significantly less expensive premiums of $71 compared to Progressive's $111. When it comes to full coverage policies with similar limits, Colorado Farm Bureau again has the edge, with policies around $55 per month more affordable than Progressive, on average.

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

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

You'll probably end up paying more with collisions and tickets on your record, but which of these two companies offers the lowest prices to drivers with less-than-perfect 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 Progressive generally raises premiums about $31 per month, on average.

That being said, Colorado Farm Bureau has cheaper rates for drivers in both categories. Drivers with a clean record can save around $37 a month and drivers with a speeding ticket can save about $46 per month with Colorado Farm Bureau Insurance.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault accident with Progressive climbing by $65. Colorado Farm Bureau has a less extreme climb, but you can still expect to pay $25 more than you were prior to your first collision.

Overall, the more affordable premiums come from Colorado Farm Bureau, with monthly prices averaging $137 compared to Progressive's $214.

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 ticket or even an accident. On average, Colorado Farm Bureau will increase your premiums around 22% after a DUI, while Progressive's average rates rise by over 15%.

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

You may not have known, but your credit score can be used as one of the factors to calculate your monthly auto insurance premiums. Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect lots of drivers out there.

Insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

So, which company offers the cheapest rates for policyholders 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 Progressive 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 companies will charge for coverage. Normally, the more miles you put on your vehicle each year, the more you can expect to pay for car insurance.

In this case, neither Colorado Farm Bureau or Progressive report increasing prices for drivers with higher annual mileage figures. 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 every year, with average premiums of $132 a month for both.

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

Where you park your vehicle can play a substantial role in how much you pay for auto insurance. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because there are a lot fewer cars on the road in those areas, which lowers the chances of an accident.

When comparing these two carriers side-by-side, Colorado Farm Bureau generally comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable rates from both companies, but Colorado Farm Bureau comes out on top with average prices about $85 a month. Colorado Farm Bureau also has cheaper average premiums for policyholders in urban and suburban ZIP codes -- a $52 and $23 per month respective difference when compared to Progressive drivers in similar areas.

Colorado Farm Bureau vs. Progressive Discounts

Regardless of 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 possible, and the best way to do that is by utilizing as many insurance discounts as you can.

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

In the table below, we've broken down all of the different discounts offered by both Colorado Farm Bureau and Progressive so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Progressive blows Colorado Farm Bureau away when it comes to the sheer amount of discounts available, offering 30 more discounts than Colorado Farm Bureau.

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. Progressive also offers ABS discounts, advance quote discounts, advanced safety feature 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 Progressive Best for You?

So, we've broken down the average rates for many of the variables auto insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, is Colorado Farm Bureau or Progressive the right company for you and your specific driver profile?

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

• You have a clean driving record, free of accidents, tickets, or DUIs.
• You want basic insurance coverage at the state minimum limits.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Progressive might be best for you if...

• You are considering moving to another state -- undefined is only available in.
• You care about discounts (Progressive offers the most).

We hope this guide helps you get a better idea of the difference between Colorado Farm Bureau and Progressive. We also hope we've given you the information you need to make the best decision about your 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 multiple companies, not just Colorado Farm Bureau and Progressive. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Colorado Farm Bureau vs. Progressive FAQs

Is Colorado Farm Bureau or Progressive cheaper?

Looking just at the national average premiums, Colorado Farm Bureau is the less expensive of the two companies, offering average rates of $132 a month compared to $180 for Progressive. But Colorado Farm Bureau won't necessarily be the cheapest company for each driver, since there are lots of different factors that come into play when it comes to your auto insurance bill.

Who is better, Colorado Farm Bureau or Progressive?

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for every driver -- it all depends on what your unique car insurance profile looks like.

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

Insurance carriers take a look at a lot of different variables when calculating the rates they charge policyholders. Factors such as age, your driving record, gender, where you live, and sometimes even things like your credit score can all come into play. Both Colorado Farm Bureau and Progressive calculate prices using different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from many different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several 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 area information and you'll get free quotes from dozens of the best insurance companies in your area. That way, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Colorado Farm Bureau or Progressive 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.