Emc vs. Farm Bureau Financial Services: Which Company is the Best Fit for You?

Quick Facts

• In general, Emc offers significantly more affordable premiums than Farm Bureau Financial Services
• Emc offers more affordable prices for policyholders who live in rural neighborhoods
• Emc has less expensive rates for policyholders who live in urban areas

Emc or Farm Bureau Financial Services: Which Company has the Cheapest Car Insurance?

So, you're considering switching to 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 be considering Emc or Farm Bureau Financial Services for your next policy, but between the two, which one has cheaper prices for insurance?

As you can see, Emc is quite a bit cheaper than Farm Bureau Financial Services, with premiums averaging $71 a month compared to $170 with Farm Bureau Financial Services when looking at the national average rates for auto insurance.

Even so, Emc may not be the most affordable or best option for every driver out there. Insurance carriers vary their rates depending on things like where you live, how clean your driving record is, how good your credit score is, how old you are, and a ton of other factors, so premiums will vary quite a bit from person to person.

Wanting to know if Emc or Farm Bureau Financial Services is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Emc vs. Farm Bureau Financial Services: Average Car Insurance Rates by State

Emc and Farm Bureau Financial Services only compete against each other in Nebraska, where Emc offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their auto insurance.

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

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any other group of drivers. That's typically because teen 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 premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Emc for their auto insurance pay almost 60% less than those who use Farm Bureau Financial Services.

That being said, both companies will decrease rates once you turn 25. For example, average prices for Emc policyholders lower around $60 and Farm Bureau Financial Services's premiums reduce about $200 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 lowest prices you'll ever find.

So, which carrier offers the best premiums to retired drivers? Emc gets the edge, with rates for drivers 65 and older $79 less expensive than the national average for Farm Bureau Financial Services.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more affordable for married drivers than they are for single drivers. This usually boils down to married couples having multiple vehicles on their policy -- something many car insurance carriers will reward with discounts.

For single policyholders, the difference in average premiums between these two companies is significant, with Emc rates coming in at around half of Farm Bureau Financial Services's. For married policyholders, the advantage is clear again - Emc has the edge when it comes to average premiums.

Emc or Farm Bureau Financial Services: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision, which means they'll generally end up paying more for insurance than women.

Usually, women see rates nearly 10% a month less with Emc, but surprisingly, with Farm Bureau Financial Services, women normally pay about 3% more per month than men.

When it comes to the cheapest prices for each gender, Emc comes out on top for both men and women. On average, women save about $105 a month and men save around $93 with Emc compared to the average Farm Bureau Financial Services policyholder.

Emc vs. Farm Bureau Financial Services: 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, auto insurance isn't the easiest topic to understand. There are multiple different coverages that account for several different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

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

Looking specifically at state minimum liability limits, Emc has the significant edge, with average monthly premiums coming in at $24. If you want a full coverage policy with the same state minimum limits, Emc again has the edge, with policies averaging about $118 per month to Farm Bureau Financial Services's $253.

Is Emc or Farm Bureau Financial Services Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Emc for their insurance can usually expect their monthly bill to go up around 4% after getting a speeding ticket. Farm Bureau Financial Services policyholders can expect a bit more drastic of an increase of about 17%.

However, Emc is normally the cheaper option for drivers both with clean records and with a ticket. With EMC Insurance, drivers with a clean record can save around $54 a month and drivers with a speeding ticket can save about $76 per month.

Which Company is Best for Drivers After an Accident?

Emc drivers who get in an accident can expect to see their prices rise by $7, while those who have insurance through Farm Bureau Financial Services will see around a $65 increase.

At the end of the day, the less expensive rates come from Emc, with average prices coming in at $74 compared to Farm Bureau Financial Services's $187.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- generally a lot more than a collision or ticket. On average, Farm Bureau Financial Services will raise your premiums about 46% after a DUI, while Emc's average rates increase by nearly 10%.

But if you end up with a DUI charge and are looking for more affordable premiums, Emc tends to be more affordable for the average driver, with monthly premiums coming in at around $74 to Farm Bureau Financial Services's $226.

How does Credit Score Impact Emc and Farm Bureau Financial Services Rates?

In many cases, your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it might come into play for lots of policyholders.

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

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Emc or Farm Bureau Financial Services Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a large impact on your monthly auto insurance bill? That's because the more milage you drive, the more likely you are to be in an accident and file an insurance claim.

For both remote workers and those taking short commutes, Emc tends to be the less expensive option. Farm Bureau Financial Services's average rates for drivers with 6,000 annual miles come in about 61% more expensive than Emc. Those who drive 12,000 miles yearly can expect to pay around 55% more with Farm Bureau Financial Services over Emc.

Emc or Farm Bureau Financial Services: 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 car insurance, but the type of area you live in can have a sizable impact as well. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Emc generally comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about $87 with Emc compared to Farm Bureau Financial Services. People who live in suburban areas pay around $87 less with Emc compared to Farm Bureau Financial Services. For policyholders in urban ZIP codes, EMC Insurance's average rates are about $121 less than Farm Bureau Financial Services.

Emc vs. Farm Bureau Financial Services 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, and the best way to do that is by utilizing as many car insurance discounts as possible.

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

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Emc and Farm Bureau Financial Services so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Emc has the advantage when it comes to total number of discounts. Farm Bureau Financial Services offers a grand total of nine discounts, while Emc has 13.

There are a couple discounts both companies offer, but Emc also offers discounts for ABS, advance quote, distant student, and more.

On the other hand, Farm Bureau Financial Services has a few proprietary discounts of their own for things like defensive driver discounts, life policy discounts, paid in full discounts, and more.

Final Thoughts: Is Emc or Farm Bureau Financial Services Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, which carrier is the right carrier for you and your specific profile and needs?

Emc might be best for you if....

• You have below-average credit.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing insurance for a teenager.

Farm Bureau Financial Services might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a better idea of the difference between Emc and Farm Bureau Financial Services and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Emc and Farm Bureau Financial Services. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

Emc vs. Farm Bureau Financial Services FAQs

Is Emc or Farm Bureau Financial Services cheaper?

Emc is the more affordable of the two companies when looking at national average prices, with policies averaging $71 a month with Emc and $170 for Farm Bureau Financial Services. But that doesn't mean Emc will be the lowest company for everyone, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Emc or Farm Bureau Financial Services?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Emc and Farm Bureau Financial Services offer me different rates?

Auto insurance carriers use several different variables when determining the premiums they charge. Factors such as age, gender, where your home is, your driving record, and sometimes even things like your credit score can all come into play. Both Emc and Farm Bureau Financial Services use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a variety of different companies.

How do I know if Emc or Farm Bureau Financial Services is right for me?

The only way to find the 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 do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Emc or Farm Bureau Financial Services 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.