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

So, you're in the market for a new car insurance policy. You may have even narrowed down your search to Farm Bureau Financial Services and Noblr Reciprocal Exchange. But which of these two companies is the best one for you? Read on to find which carrier has the best rates and biggest discounts.
Newly insured car driving down the road
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Quick Facts

  • In general, Noblr Reciprocal Exchange offers significantly cheaper premiums than Farm Bureau Financial Services
  • Farm Bureau Financial Services may help you save more money -- they offer more discounts than Noblr Reciprocal Exchange
  • Noblr Reciprocal Exchange tends to be a much more affordable option for policyholders who live in urban areas


Farm Bureau Financial Services or Noblr Reciprocal Exchange: Which Company has the Cheapest Car Insurance?

So, you're thinking about 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 might have narrowed it down to Farm Bureau Financial Services or Noblr Reciprocal Exchange for your next policy, but which company will save you the most?

Farm Bureau Financial Services Noblr Reciprocal Exchange
$170$79

Looking at nationwide averages, Noblr Reciprocal Exchange is quite a bit cheaper than Farm Bureau Financial Services, with prices averaging $79 a month compared to $170 with Farm Bureau Financial Services.

That being said, Noblr Reciprocal Exchange may not be the most affordable or best option for every single driver out there. Auto insurance carriers use all sorts of complex algorithms to determine premiums, so depending on how old you are or how good your credit score is (among quite a few other factors), you could see wildly different rates from the ones above.

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

Farm Bureau Financial Services vs. Noblr Reciprocal Exchange: Average Car Insurance Rates by State

State Farm Bureau Financial Services Noblr Reciprocal Exchange
AZ$191$79

Farm Bureau Financial Services and Noblr Reciprocal Exchange only compete against each other in Arizona, where Noblr Reciprocal Exchange offers the cheaper average rates. Noblr Reciprocal Exchange drivers tend to pay about $112 per month less on average compared to drivers who use Farm Bureau Financial Services 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 insurance companies calculate your prices. Keep reading to find out more.


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Which is the Best Company For Young Drivers?

Farm Bureau Financial Services Noblr Reciprocal Exchange
18-year-old drivers$333$252
25-year-old drivers$154$53

Teen drivers will almost always have the most expensive auto insurance premiums of any group on the road. It's usually because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Noblr Reciprocal Exchange save over 25% a month compared to those who use Farm Bureau Financial Services.

But both carriers will offer you dramatically lower rates by the time drivers turn 25. For example, average premiums for Farm Bureau Financial Services policyholders drop around $200 and Noblr Reciprocal Exchange's prices reduce almost $200 over that time.

Which is the Best Company for Retired Drivers?

Farm Bureau Financial Services Noblr Reciprocal Exchange
65+-year-old drivers$127$48

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums out there.

But who has the best prices for retired drivers between Farm Bureau Financial Services and Noblr Reciprocal Exchange? Noblr Reciprocal Exchange 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?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Single$194$103
Married$139$47

Married drivers tend to get slightly more affordable car insurance prices than single policyholders. That's normally because married couples tend to own and insure several vehicles, which can often earn you a discount.

For single drivers, the difference in average premiums between these two companies is significant, with Noblr Reciprocal Exchange rates coming in at about half of Farm Bureau Financial Services's. The advantage for married policyholders with Noblr Reciprocal Exchange is also obvious, where drivers save more than 65% per month.

Farm Bureau Financial Services or Noblr Reciprocal Exchange: Average Rates by Gender

Farm Bureau Financial Services Noblr Reciprocal Exchange
Male$168$81
Female$173$77

Because women are less likely to get into collisions and get speeding tickets, they have a decreased chance of filing a claim with insurance. So, women tend to get cheaper rates than men.

Surprisingly, with Farm Bureau Financial Services, men generallypay around $5 a month less than women, and about $4 more with Noblr Reciprocal Exchange.

Looking at the data for each carrier specifically, Noblr Reciprocal Exchange offers the cheapest average premiums for both men and women. On average, women save about $96 per month and men save around $87 with Noblr Reciprocal Exchange compared to the average Farm Bureau Financial Services policyholder.


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Farm Bureau Financial Services vs. Noblr Reciprocal Exchange: Compare State Minimum vs. Full Coverage Rates

Farm Bureau Financial Services Noblr Reciprocal Exchange
State Minimum*$87$46
Full Coverage**$253$112

*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.

Insurance can be a complicated subject for most people. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability insurance, Noblr Reciprocal Exchange has the significant edge, with average monthly prices coming in at $46. If you want a full coverage policy with the same state minimum limits, Noblr Reciprocal Exchange again has the edge, with policies averaging about $112 a month to Farm Bureau Financial Services's $253.

Is Farm Bureau Financial Services or Noblr Reciprocal Exchange Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with collisions and speeding tickets on your record, but which of these two companies offers the lowest premiums to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Clean Record$121$64
1 Speeding Ticket$146$78

Policyholders who use Farm Bureau Financial Services for their car insurance can usually expect their monthly bill to go up around 17% after getting a speeding ticket. Noblr Reciprocal Exchange policyholders can expect a bit more drastic of an increase of about 18%.

Even so, Noblr Reciprocal Exchange tends to offer the best prices for both drivers who have a recent ticket and those with clean records. With Noblr Reciprocal Exchange, drivers with a clean record can save around $57 per month and drivers with a speeding ticket can save about $68 a month.

Which Company is Best for Drivers After an Accident?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Clean Record$121$64
1 At-Fault Accident$187$90

Farm Bureau Financial Services drivers who get in an accident can expect to see their prices increase by over 35%, while those who have insurance through Noblr Reciprocal Exchange will see around a 30% increase.

At the end of the day, the cheaper rates come from Noblr Reciprocal Exchange, with average prices coming in at $90 compared to Farm Bureau Financial Services's $187.

Which Company is Best for Drivers with a DUI?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Clean Record$121$64
1 DUI$226$83

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. Farm Bureau Financial Services drivers usually see a 46% increase in their auto insurance rates after a DUI charge, while Noblr Reciprocal Exchange will generally raise premiums by about 23%.

But if you end up with a DUI charge and are looking for more affordable prices, Noblr Reciprocal Exchange tends to be less expensive for the average driver, with monthly premiums coming in at around $83 to Farm Bureau Financial Services's $226.


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How does Credit Score Impact Farm Bureau Financial Services and Noblr Reciprocal Exchange Rates?

Often times, your credit score can be used as one of the variables to determine your monthly insurance rates. 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 several policyholders.

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

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

Which Company is Best for Drivers with Good Credit?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Excellent Credit Score$127$49
Good Credit Score$140$51

If you have solid credit, Noblr Reciprocal Exchange will normally reward you the most. For drivers with "excellent" credit scores, Noblr Reciprocal Exchange comes in more than 61.42 less expensive. Drivers with "good" credit scores typically save about 64% with Noblr Reciprocal Exchange compared to average rates from Farm Bureau Financial Services.

Which Company is Best for Drivers with Bad Credit?

Farm Bureau Financial Services Noblr Reciprocal Exchange
Fair Credit Score$160$101
Poor Credit Score$254$114

Noblr Reciprocal Exchange typically offers lower premiums than Farm Bureau Financial Services when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 37% per month less with Noblr Reciprocal Exchange compared to Farm Bureau Financial Services, and those with "poor" scores normally save an average of about 55% monthly.


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

Farm Bureau Financial Services Noblr Reciprocal Exchange
6,000 Annual Miles$165$79
12,000 Annual Miles$176$79

How much you drive can have a large impact on your monthly rates. Usually, those who drive fewer miles will end up with more affordable 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 Noblr Reciprocal Exchange charges. However, there's a small difference in monthly prices for Farm Bureau Financial Services, with policyholders who drive 6,000 miles yearly paying around $11 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Noblr Reciprocal Exchange is the cheaper carrier.

Farm Bureau Financial Services or Noblr Reciprocal Exchange: 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 insurance, but the type of area you live in can have a sizable impact as well. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of cars that are on the roads where they live.

Farm Bureau Financial Services Noblr Reciprocal Exchange
Urban Areas$196$97
Suburban Areas$159$70
Rural Areas$155$70

Noblr Reciprocal Exchange tends to offer the cheapest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Noblr Reciprocal Exchange's average rates are about 51% less than Farm Bureau Financial Services. People who live in suburban areas pay around 56% less with Noblr Reciprocal Exchange compared to Farm Bureau Financial Services. Those in rural areas can expect to save about 55% with Noblr Reciprocal Exchange compared to Farm Bureau Financial Services.

Farm Bureau Financial Services vs. Noblr Reciprocal Exchange Discounts

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

But with what seems like a million different discounts out there, it can be difficult to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Farm Bureau Financial Services and Noblr Reciprocal Exchange so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Farm Bureau Financial Services Noblr Reciprocal Exchange
Advantage Technology Discount 
Anti-Theft Discount 
Continuous Insurance Discount 
Defensive Driver Discount 
Education Discount 
Good Driving Discount
Good Student Discount 
Homeowner Discount 
Life Policy Discount 
Multi-Car Discount 
Multi-Policy Discount 
Online Quote Discount 
Paid In Full Discount 
Safe Young Driver Discount 
Seasoned Account Discount 
Telematics Discount 

Looking at the total number of discounts, Farm Bureau Financial Services comes out ahead with nine discounts to Noblr Reciprocal Exchange's eight.

A couple of those are overlapping for things like discounts for being a good driver. Farm Bureau Financial Services also offers discounts for anti-theft, defensive driver, good student, and more.

On the other hand, Noblr Reciprocal Exchange has a few proprietary discounts of their own for things like advantage technology discounts, continuous insurance discounts, education discounts, and more.


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Final Thoughts: Is Farm Bureau Financial Services or Noblr Reciprocal Exchange Best for You?

So, we've broken down the average prices for many of the factors auto insurance carriers look at, and walked through the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the best fit for you?

Noblr Reciprocal Exchange might be best for you if....

  • You want to save money on your car insurance after a collision.
  • You want the most robust protection via a "full coverage" policy.
  • You're of retirement age and want to take advantage of lower premiums.


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

  • You're looking for discounts -- Farm Bureau Financial Services has the most.

Hopefully, this guide has ben a valuable resource as you compare Farm Bureau Financial Services and Noblr Reciprocal Exchange and that it aids in making a more informed decision about your auto 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 insurance -- comparing quotes from a handful of companies, not just Farm Bureau Financial Services and Noblr Reciprocal Exchange. 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 the top car insurance carriers in your area, all in just a few minutes.


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Farm Bureau Financial Services vs. Noblr Reciprocal Exchange FAQs

Is Farm Bureau Financial Services or Noblr Reciprocal Exchange cheaper?

Noblr Reciprocal Exchange is the more affordable of the two companies when looking at national average rates, with policies averaging $79 a month with Noblr Reciprocal Exchange and $170 for Farm Bureau Financial Services. That being said, that doesn't mean Noblr Reciprocal Exchange will be the lowest company for every driver, since there are a bunch of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Farm Bureau Financial Services or Noblr Reciprocal Exchange?

Unfortunately, the only answer we can give you is "it depends.". No one carrier is "better" for everyone -- it all comes down to what your unique auto insurance profile looks like.

Why do Farm Bureau Financial Services and Noblr Reciprocal Exchange offer me different rates?

Insurance carriers use many different factors when determining the premiums they charge. Things such as where you call home, where you live, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Farm Bureau Financial Services and Noblr Reciprocal Exchange calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a range of different companies.

How do I know if Farm Bureau Financial Services or Noblr Reciprocal Exchange is right for me?

The only way to find the car 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best company for you isn't Farm Bureau Financial Services or Noblr Reciprocal Exchange 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.

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