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

Quick Facts

• In general, Farm Bureau Financial Services offers significantly more affordable prices than Le Mars
• Farm Bureau Financial Services offers cheaper average premiums for policyholders who live in urban areas
• Le Mars may help you save more money -- they offer more discounts than Farm Bureau Financial Services

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

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You might be considering Farm Bureau Financial Services or Le Mars as your top options, but which carrier has less expensive prices for car insurance?

Looking at nationwide averages, Farm Bureau Financial Services is quite a bit cheaper than Le Mars, with rates averaging $170 a month compared to $234 with Le Mars.

That being said, Farm Bureau Financial Services may not be the lowest or best option for each driver out there. Insurance carriers vary their premiums depending on things like how clean your driving record is, how old you are, where you live, how good your credit score is, and tons of other factors. So, at the end of the day, prices from every carrier will differ quite a bit from person to person.

So, if you want to find out which of Farm Bureau Financial Services or Le Mars is really the best for you, keep reading to see average premiums for each company broken down by multiple different rate factors.

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

Farm Bureau Financial Services and Le Mars only compete against each other in Iowa, where Farm Bureau Financial Services offers the cheaper average rates. Farm Bureau Financial Services drivers tend to pay about $123 per month less on average compared to drivers who use Le Mars for their car insurance.

But there's more to auto insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance companies determine your premiums. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Farm Bureau Financial Services for their insurance pay almost 20% less than those who use Le Mars.

However, both carriers will reduce rates once you turn 25. For example, average prices for Farm Bureau Financial Services policyholders drop around $200 and Le Mars's rates decrease about $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the most affordable auto insurance premiums you can find. After all, they've likely been driving for quite some time, which typically decreases their chances of collisions and other infractions that can raise rates.

But who has the best premiums for retired drivers between Farm Bureau Financial Services and Le Mars? Farm Bureau Financial Services gets the edge, with prices for drivers 65 and older over 35% cheaper than the national average for Le Mars.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are normally more affordable for married policyholders than they are for single policyholders? This usually boils down to married drivers having more than one vehicle on their policy -- something a lot of insurance companies will reward with discounts.

For those who are single, the difference in average rates between these two carriers is significant, with Farm Bureau Financial Services prices coming in at a quarter less than Le Mars's. For married couples, the advantage is clear again - Farm Bureau Financial Services has the edge when it comes to average rates.

Farm Bureau Financial Services or Le Mars: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll typically end up paying more for car insurance than women.

Surprisingly, with Farm Bureau Financial Services, women normallypay around 3% more a month than men, and about 12% less with Le Mars.

Looking at overall affordability, Farm Bureau Financial Services offers the cheapest average premiums for both men and women. On average, male drivers save about $81 per month and women save around $47 with Farm Bureau Financial Services compared to the average Le Mars policyholder.

Farm Bureau Financial Services vs. Le Mars: 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.

Auto insurance can be a complicated subject for most people. There are a variety of 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 a collision.

Even so, most policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with a liability policy).

When it comes to state minimum liability limits, Le Mars has the edge, while Farm Bureau Financial Services offers the most affordable average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with Le Mars Insurance Company, while full coverage comes out to be about $150 less expensive with Farm Bureau Financial Services.

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

It's no secret -- drivers with good records end up getting the best deals on their 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 at-fault accidents and speeding tickets on your record, but which of these two companies offers the lowest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Farm Bureau Financial Services for their car insurance can generally expect their monthly bill to go up around 17% after getting a speeding ticket. Le Mars policyholders can expect a bit more drastic of an increase of about 23%.

But Farm Bureau Financial Services is usually the cheaper option for both drivers who have a recent ticket and those with clean records. With Farm Bureau Financial Services, drivers with a clean record can save around $17 a month and drivers with a speeding ticket can save about $34 per month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Farm Bureau Financial Services can expect to see around an $66 -- or about 35% -- rise in their auto insurance prices. Drivers who use Le Mars for their car insurance will see a monthly bill around $48 (or 26%) more expensive after reporting a collision to their insurance carrier.

At the end of the day, drivers who use Le Mars end up with the cheaper prices after an accident, with average premiums coming in at $186 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 auto insurance bill -- generally a lot more than an accident or ticket. On average, Le Mars will increase your rates about 68% after a DUI, while Farm Bureau Financial Services's average prices increase by more than 45%.

But if you end up with a DUI charge and are looking for more affordable premiums, Farm Bureau Financial Services tends to be less expensive for the average driver, with monthly premiums coming in at around $226 to Le Mars's $434.

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

Did you know many insurance carriers take your credit score into account when determining prices? This isn't true for everyone (California, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for many policyholders.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Le Mars and Farm Bureau Financial Services, which company has the cheapest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Farm Bureau Financial Services will usually reward you the most. For policyholders with "excellent" credit scores, Farm Bureau Financial Services comes in NaN more affordable. Drivers with "good" credit scores normally save about 22% with Farm Bureau Financial Services compared to average premiums from Le Mars.

Which Company is Best for Drivers with Bad Credit?

Farm Bureau Financial Services typically offers lower prices than Le Mars when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 28% a month less with Farm Bureau Financial Services compared to Le Mars, and those with "poor" scores typically save an average of about 37% monthly.

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

How much you drive can have a substantial impact on how much auto insurance carriers will charge for coverage. That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

Farm Bureau Financial Services tends to be the cheaper option for both remote workers and those taking short commutes. Farm Bureau Financial Services average premiums for drivers with 6,000 annual miles come in nearly $55 less expensive than Le Mars. Those who drive 12,000 miles yearly can expect to pay just under $75 less with Farm Bureau Financial Services over Le Mars.

Farm Bureau Financial Services or Le Mars: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a sizable impact on your monthly insurance bill. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because of the number of cars that are on the roads where they live.

When comparing these two companies side-by-side, Farm Bureau Financial Services usually comes out as the lowest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around $80 with Farm Bureau Financial Services compared to Le Mars. People who live in suburban areas pay about $20 less with Farm Bureau Financial Services compared to Le Mars. For drivers in urban ZIP codes, Farm Bureau Financial Services's average prices are around $94 less than Le Mars Insurance Company.

Farm Bureau Financial Services vs. Le Mars Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many auto insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by Farm Bureau Financial Services and Le Mars so that you can see which one can save you the most money each month.

Le Mars knocks Farm Bureau Financial Services out of the park when it comes to the sheer number of discounts available, offering eight more discounts than Farm Bureau Financial Services.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, discounts for being a good student, and paid in full discounts -- but Le Mars also offers discounts for ABS, advance quote, driver training, 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, safe young driver discounts, and more.

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

So, you've seen how different variables can affect your car insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right company for you, your vehicle, and your wallet?

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

• You have a clean record.
• You already have a great credit score.
• You want to save money while purchasing auto insurance for a teenager.

Le Mars might be best for you if...

• You have an at-fault collision on your record.
• You're looking for discounts -- Le Mars has the most.
• You're looking for the best prices on liability only coverage.

Hopefully, this guide has ben a valuable resource as you compare Farm Bureau Financial Services and Le Mars. We also hope we've given you the information you need to make the best decision about your insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from several companies, not just Farm Bureau Financial Services and Le Mars. Luckily, sites like Compare.com make it easy for you to do just that. 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.

Farm Bureau Financial Services vs. Le Mars FAQs

Is Farm Bureau Financial Services or Le Mars cheaper?

Farm Bureau Financial Services is the more affordable of the two companies when looking at national average rates, with policies averaging $170 per month with Farm Bureau Financial Services and $234 for Le Mars. However, that doesn't mean Farm Bureau Financial Services will be the most affordable carrier for every policyholder, since there are a bunch of different factors that come into play when it comes to your car insurance cost.

Who is better, Farm Bureau Financial Services or Le Mars?

Sadly, the only answer we can give you is "it depends.". Neither company is "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Farm Bureau Financial Services is less expensive for drivers who have less-than-stellar credit scores, while Le Mars offers cheaper premiums for policyholders with an at-fault accident on their record.

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

Car insurance carriers use quite a few different variables when calculating the rates they charge. Things such as your driving record, where you park your vehicle, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Farm Bureau Financial Services and Le Mars use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from many different companies.

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

The only way to find the auto insurance company 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, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the lowest price. And maybe you'll find that the best carrier for you isn't Farm Bureau Financial Services or Le Mars 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.