Depositors vs. Idaho Farm Bureau: Which Company is the Best Fit for You?

You've probably seen ads offering big savings on auto insurance, but are Depositors or Idaho Farm Bureau right for you? Which company offers the lowest premiums, or the most discounts? Read on to see how Depositors and Idaho Farm Bureau compare, and to find out which carrier is the best one for you, your vehicle, and your budget.
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Quick Facts

  • Looking at the national averages for insurance, Idaho Farm Bureau offers more affordable rates than Depositors
  • Depositors offers more discounts than Idaho Farm Bureau Insurance
  • Idaho Farm Bureau offers more affordable prices for drivers who have received a ticket within the last few years

Depositors vs. Idaho Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering sizable discounts. But exactly how much can you save by switching?

You might have narrowed it down to Depositors or Idaho Farm Bureau as your top options, but between the two, which carrier will save you the most?

Depositors Idaho Farm Bureau

Looking at nationwide averages, Depositors has average rates that are about 14% per month more expensive than those from Idaho Farm Bureau.

That being said, that doesn't mean Idaho Farm Bureau will necessarily be less expensive than Depositors for every driver. Auto insurance companies vary their rates depending on things like how clean your driving record is, how good your credit score is, how old you are, where you live, and tons of other factors, so prices will change quite a bit from person to person.

So, if you want to find out which of Depositors or Idaho Farm Bureau is really the best for you, keep reading to see average premiums for each company broken down by a variety of different rate factors.

Depositors or Idaho Farm Bureau: Average Car Insurance Rates by State

State Depositors Idaho Farm Bureau

Depositors and Idaho Farm Bureau only compete against each other in Idaho, where Idaho Farm Bureau offers the cheaper average rates. For Idaho residents, Idaho Farm Bureau offers insurance for $127 per month on average. Depositors's average premiums come out to be over 10% more expensive, at $142 monthly.

But there's more to calculating car insurance prices than just where you call home. Keep reading to learn more.

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Which is the Best Company For Young Drivers?

Depositors Idaho Farm Bureau
18-year-old drivers$311$253
25-year-old drivers$132$123

Teen drivers will almost always have the most expensive auto insurance premiums of any group on the road. It's generally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

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 Idaho Farm Bureau for their insurance pay nearly $60 less than those who use Depositors.

But both carriers will offer you dramatically lower prices once you turn 25. For example, average rates for Depositors policyholders decrease almost $200 and Idaho Farm Bureau's premiums drop around $150 over that time.

Which is the Best Company for Retired Drivers?

Depositors Idaho Farm Bureau
65+-year-old drivers$111$94

Drivers around retirement age usually enjoy some of the cheapest car insurance prices you'll ever find. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase rates.

So, which carrier offers the best prices to retired drivers? Idaho Farm Bureau gets the edge here, with average premiums coming in at about $94 a month compared to Depositors's $111.

Which is the Best Company for Married Drivers?

Depositors Idaho Farm Bureau

Did you know that auto insurance rates are typically more expensive for those who are single than they are for married drivers? This usually boils down to married policyholders having more than one car on their policy -- something a lot of car insurance companies will reward with discounts.

When it comes to relationship status, Idaho Farm Bureau is the clear winner for single drivers, with premiums around $26 a month cheaper than Depositors, on average. The advantage for married couples with Idaho Farm Bureau is also obvious, where drivers save nearly $15 per month.

Depositors vs. Idaho Farm Bureau: Average Rates by Gender

Depositors Idaho Farm Bureau

Did you know men generally pay more for insurance than women? This is because men are statistically more likely than women to get into an accident or get pulled over for speeding, which leads to increased risk for insurers and, therefore, higher prices.

With Depositors, men typically pay about $10 a month more than women, and around $9 more with Idaho Farm Bureau.

When it comes to the most affordable rates for each gender, Idaho Farm Bureau offers the cheapest average prices for both men and women, with average premiums 13% less for men and 14% cheaper for women.

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Depositors or Idaho Farm Bureau: Compare State Minimum vs. Full Coverage Rates

Depositors Idaho Farm Bureau
State Minimum*$84$66
Full Coverage**$211$188

*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 multiple different coverages that account for many different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability coverage).

If you're looking for state minimum liability limits, Idaho Farm Bureau normally offers more affordable rates of $66 compared to Depositors's $84. When it comes to full coverage policies with similar limits, Idaho Farm Bureau again has the edge, with policies about $25 per month less expensive than Depositors, on average.

Is Depositors or Idaho Farm Bureau 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.

It's no secret secret that tickets and collisions lead to higher premiums, but which company -- Depositors or Idaho Farm Bureau -- has the lowest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Depositors Idaho Farm Bureau
Clean Record$106$91
1 Speeding Ticket$130$91

Drivers with Idaho Farm Bureau auto insurance policies don't report seeing their premiums increase after getting a ticket, but Depositors policyholders can expect to see their monthly bill increase by around $25.

However, Idaho 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 $15 and $39 cheaper, respectively, compared to Depositors Insurance Company.

Which Company is Best for Drivers After an Accident?

Depositors Idaho Farm Bureau
Clean Record$106$91
1 At-Fault Accident$157$120

After an accident, drivers who have their car insurance through Depositors can expect to see about an $51 -- or around 32% -- increase in their auto insurance rates. Drivers who use Idaho Farm Bureau for their insurance will see a monthly bill about $29 (or 24%) more expensive after reporting a collision to their auto insurance carrier.

Overall, the more affordable premiums come from Idaho Farm Bureau, with monthly prices averaging $120 compared to Depositors Insurance Company's $157.

Which Company is Best for Drivers with a DUI?

Depositors Idaho Farm Bureau
Clean Record$106$91
1 DUI$198$206

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- usually a lot more than an accident or speeding ticket. Idaho Farm Bureau drivers usually see a 56% increase in their insurance rates after a DUI charge, while Depositors will typically climb premiums by around 46%.

If you have a DUI on your record and are looking for more affordable rates, Depositors tends to be the much cheaper option with average prices of $198 per month compared to $206 from Idaho Farm Bureau.

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How does Credit Score Impact Depositors and Idaho Farm Bureau Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for several policyholders.

Car insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with less expensive rates.

So, which company offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Depositors Idaho Farm Bureau
Excellent Credit Score$117$95
Good Credit Score$134$113

If you have solid credit, you'll usually find a better deal with Idaho Farm Bureau. Drivers with "excellent" credit can save just under 20% compared to Depositors, and those with "good" scores can also expect to see savings -- about $21 or 16% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Depositors Idaho Farm Bureau
Fair Credit Score$155$132
Poor Credit Score$185$168

Idaho Farm Bureau typically offers lower premiums than Depositors when it comes to drivers with bad credit. Drivers with "fair" credit pay around $23 a month less with Idaho Farm Bureau compared to Depositors, and those with "poor" scores usually save an average of about $17 a month.

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Is Depositors or Idaho Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

Depositors Idaho Farm Bureau
6,000 Annual Miles$148$119
12,000 Annual Miles$148$135

How much you drive can have a pretty big impact on your monthly auto insurance bill. That's because the fewer miles you drive, the less likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Depositors charges. However, there's a pretty significant difference in monthly rates for Idaho Farm Bureau, with drivers who put 6,000 miles on their car annually paying around $16 less every month compared to those who drive 12,000 miles each year. Still, Idaho Farm Bureau is the less expensive option for drivers in both categories.

Depositors vs. Idaho Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

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

Depositors Idaho Farm Bureau
Urban Areas$174$118
Suburban Areas$139$125
Rural Areas$130$139

Idaho Farm Bureau generally comes out as the more affordable option for drivers in urban and suburban areas, while Depositors wins in rural areas.

If you live in a rural area, you can expect to save about 6% with Depositors compared to Idaho Farm Bureau. Drivers in suburban ZIP codes pay around 10% less with Idaho Farm Bureau compared to Depositors. In urban areas, Idaho Farm Bureau Insurance's average premiums are about 32% less than Depositors Insurance Company.

Depositors vs. Idaho Farm Bureau Discounts

Regardless of why you might be in the market for a new 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 auto insurance discounts as you can.

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

In the table below, we've taken a look at all of the different discounts Depositors and Idaho Farm Bureau offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Depositors Idaho Farm Bureau
Advance Quote Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Distant Student Discount 
EFT Discount 
Employee Discount 
Good Driving Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Intra-Agency Transfer Discount 
Life Policy Discount 
Multi-Car Discount 
Multi-Policy Discount 
New Vehicle Discount 
Paperless Discount 
Passive Restraint Discount 

Depositors blows Idaho Farm Bureau away when it comes to the sheer amount of discounts available, offering 17 different discounts to Idaho Farm Bureau's two.

There are a couple discounts both companies offer, but Depositors also offers advance quote discounts, COVID-19 relief discount, distant student discounts, and more that Idaho Farm Bureau does not.

Idaho Farm Bureau's discounts come through just two categories -- Defensive Driver and Good Student.

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Final Thoughts: Is Depositors or Idaho Farm Bureau Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, which company is the best fit for you?

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

  • You're single and purchasing auto insurance by yourself.
  • You want basic insurance coverage at the state minimum limits.
  • You and your spouse are buying car insurance together.

Depositors might be best for you if...

  • You have a DUI charge on your record.
  • You care about discounts (Depositors offers the most).
  • You live in a rural neighborhood.

We hope this guide helps you get a better idea of the difference between Depositors and Idaho Farm Bureau and that it aids in making a more informed 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 several companies, not just Depositors and Idaho Farm Bureau. Luckily, sites like do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

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Depositors vs. Idaho Farm Bureau FAQs

Is Depositors or Idaho Farm Bureau cheaper?

Looking just at the national average prices, Idaho Farm Bureau is the cheaper of the two companies, offering average rates of $127 per month compared to $148 for Depositors. Even so, Idaho Farm Bureau won't necessarily be the most affordable carrier for everyone, since there are a bunch of different variables that come into play when it comes to your auto insurance payment.

Who is better, Depositors or Idaho Farm Bureau?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all boils down to your unique insurance profile. For example, Depositors offers more affordable premiums for drivers with a recent DUI, while Idaho Farm Bureau is less expensive for drivers with excellent credit.

Why do Depositors and Idaho Farm Bureau offer me different rates?

Auto insurance carriers take a look at lots of different factors when calculating the rates they charge policyholders. Things like gender, your driving record, where you live, age, and sometimes even things like your credit score can all come into play. Both Depositors and Idaho Farm Bureau calculate prices differently, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

How do I know if Depositors or Idaho Farm Bureau is right for me?

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


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.

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