Encompass vs. Indiana Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Indiana Farm Bureau offers significantly cheaper rates than Encompass
• Encompass may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance
• Indiana Farm Bureau offers more affordable average premiums for policyholders whose driving record contains an at-fault collision

Encompass or Indiana Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Encompass or Indiana Farm Bureau, but which one will offer you less expensive rates?

Looking at nationwide averages, Encompass has average rates that are around 60% a month more expensive than those from Indiana Farm Bureau.

That being said, Indiana Farm Bureau may not be the lowest or best option for each driver out there. Auto insurance carriers use all sorts of complex algorithms to determine premiums, so depending on how good your credit score is or where you live (among a multitude of other factors), you could see wildly different prices from the ones above.

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

Encompass vs. Indiana Farm Bureau: Average Car Insurance Rates by State

Encompass and Indiana Farm Bureau only compete against each other in Indiana, where Encompass offers the cheaper average rates. Encompass drivers tend to pay about $36 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

That being said, there are plenty of other factors that go into your insurance bill than just where you call home. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers out there on the road. Usually, that's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 60% less a month by choosing Indiana Farm Bureau over Encompass. It's worth noting that Encompass offers car insurance in 31 different states compared to Indiana Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

But with both companies, you'll see your rates reduce significantly by the time you turn 25. Indiana Farm Bureau offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Encompass's average prices lower more than 65% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest premiums you'll ever see.

But who has the best prices for retired drivers between Encompass and Indiana Farm Bureau? Indiana Farm Bureau gets the edge here, with average rates coming in at about $124 per month compared to Encompass's $335.

Which is the Best Company for Married Drivers?

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

For single drivers, the difference in average rates between these two companies is significant, with Indiana Farm Bureau premiums coming in at around a third of Encompass's. The advantage for married policyholders with Indiana Farm Bureau is also obvious, where drivers save almost 60% per month.

Encompass or Indiana Farm Bureau: Average Rates by Gender

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

Women normally pay about 5% a month less than men with Encompass, and around 13% less with Indiana Farm Bureau.

When it comes to the most affordable rates for each gender, Indiana Farm Bureau comes out on top for both men and women. On average, male drivers save about $284 per month and women save about $287 with Indiana Farm Bureau compared to the average Encompass policyholder.

Encompass vs. Indiana Farm Bureau: 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. Everyone needs insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Indiana Farm Bureau has the significant edge, with average monthly premiums coming in at $97. If you want a full coverage policy with the same state minimum limits, Indiana Farm Bureau again has the edge, with policies averaging around $263 a month to Encompass's $629.

Is Encompass or Indiana Farm Bureau 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 lowest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Encompass for their insurance can normally expect their monthly bill to go up about 21% after getting a speeding ticket. Indiana Farm Bureau policyholders can expect a bit more drastic of an increase of around 31%.

Even so, Indiana Farm Bureau tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 46% cheaper for drivers with clean records and 38% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Encompass drivers who get in a collision can expect to see their rates increase by over $100, while those who have insurance through Indiana Farm Bureau will see about a $70 increase.

At the end of the day, the more affordable prices come from Indiana Farm Bureau, with average premiums coming in at $195 compared to Encompass Insurance's $328.

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. For example, Encompass increases average rates by more than $500 per month -- that's nearly a 80% increase.

Indiana Farm Bureau has the overall most affordable premiums for drivers with a DUI on their records at $224 monthly, but it's worth noting that Encompass's average rates come from 31 states compared to just one for Indiana Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Encompass and Indiana Farm Bureau Rates?

You may not realized it, but your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it will come into play for a lot of policyholders.

The reasoning car insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with cheaper prices.

So, which carrier offers the best rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Indiana Farm Bureau will generally reward you the most. For drivers with "excellent" credit scores, Indiana Farm Bureau comes in just under 68.29 more affordable. Drivers with "good" credit scores typically save around 64% with Indiana Farm Bureau compared to average premiums from Encompass.

Which Company is Best for Drivers with Bad Credit?

Indiana Farm Bureau typically offers lower prices than Encompass when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 62% a month less with Indiana Farm Bureau compared to Encompass, and those with "poor" scores usually save an average of around 55% a month.

Is Encompass or Indiana Farm Bureau 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 your monthly auto insurance payment. Normally, those who drive fewer miles will end up with less expensive premiums since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Indiana Farm Bureau charges. However, there's a small difference in monthly prices for Encompass, with policyholders who drive 6,000 miles yearly paying about $2 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Indiana Farm Bureau is the cheaper company.

Encompass or Indiana Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a large role in how much you pay for insurance. Generally, 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.

When comparing these two carriers side-by-side, Indiana Farm Bureau typically comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Indiana Farm Bureau's average prices are around $187 per month compared to Encompass's $560. People in suburban areas pay a monthly price of about $197 with Indiana Farm Bureau compared to $434 with Encompass. Those in rural areas can expect to pay around $156 per month with Indiana Farm Bureau and $404 with Encompass.

Encompass vs. Indiana Farm Bureau Discounts

No matter 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 you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

Luckily, we did the hard work for you and looked at all of the different discounts Encompass and Indiana Farm Bureau offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Encompass knocks Indiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than Indiana Farm Bureau.

Both companies offer many of the same discounts -- like discounts for being a good driver, discounts for being a good student, and passive restraint discounts -- but Encompass also offers discounts for advance quote, anti-theft, defensive driver, and more.

On the other hand, Indiana Farm Bureau has a few proprietary discounts of their own for things like agri-business discounts, education discounts, life policy discounts, and more.

Final Thoughts: Is Encompass or Indiana Farm Bureau 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 company offers, too. That's all well and good, but when it comes down to it, which carrier is the right company for you and your specific profile and needs?

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

• You're looking for the best rates in IN.
• You want the most robust protection via a "full coverage" policy.
• Your neighborhood is in a rural area.

Encompass might be best for you if...

• You already have plans to move to another state -- Indiana Farm Bureau Insurance is only available in Indiana.
• You're looking for discounts -- Encompass has the most.

Hopefully, this guide helps you get a better idea of the difference between Encompass and Indiana Farm Bureau. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just Encompass and Indiana Farm Bureau. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Encompass vs. Indiana Farm Bureau FAQs

Is Encompass or Indiana Farm Bureau cheaper?

Indiana Farm Bureau is the more affordable of the two companies when looking at national average premiums, with policies averaging $180 a month with Indiana Farm Bureau and $466 for Encompass. However, that doesn't mean Indiana Farm Bureau will be the cheapest company for everyone, since there are many different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Encompass or Indiana Farm Bureau?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for everyone -- it all boils down to your unique car insurance profile.

Why do Encompass and Indiana Farm Bureau offer me different rates?

Auto insurance carriers use many different variables when determining the rates they charge. Factors like your driving record, age, gender, where you call home, and sometimes even things like your credit score can all come into play. Both Encompass and Indiana Farm Bureau calculate premiums using different variables, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Encompass or Indiana Farm Bureau 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, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Encompass or Indiana Farm Bureau 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.