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

Quick Facts

• Based on national averages for car insurance, Farm Bureau Financial Services offers significantly less expensive prices than Trumbull
• Farm Bureau Financial Services offers cheaper average rates for policyholders who are looking to purchase insurance with a spouse
• Trumbull may help you save more money -- they offer more discounts than Farm Bureau Financial Services

Farm Bureau Financial Services or Trumbull: 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 large savings. But exactly how much can you save by switching?

You might have narrowed your search down to Farm Bureau Financial Services or Trumbull, but which one has more affordable premiums for auto insurance?

Looking at the national average rates for both carriers, Farm Bureau Financial Services is quite a bit cheaper than Trumbull, with prices averaging $170 a month compared to $253 with Trumbull.

That being said, Farm Bureau Financial Services may not be the cheapest or best option for each driver out there. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your age, or even your driving record (among other things), so rates could differ drastically from person to person.

Luckily, we've broken down average prices from both Farm Bureau Financial Services and Trumbull by many different rate factors, so read on to find out which carrier is the best for you.

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

Farm Bureau Financial Services and Trumbull only compete against each other in Arizona, where Farm Bureau Financial Services offers the cheaper average premiums. Farm Bureau Financial Services drivers tend to pay about $62 per month less on average compared to drivers who use Trumbull for their auto insurance.

That being said, there's a lot more that goes into your car insurance cost than just your home state. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for insurance compared to older drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Farm Bureau Financial Services save over 45% a month compared to those who use Trumbull.

Even so, both carriers will reduce rates by the time drivers turn 25. For example, average premiums for Farm Bureau Financial Services policyholders drop almost 55% and Trumbull's prices decrease nearly 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the lowest auto insurance rates you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

When looking at Farm Bureau Financial Services and Trumbull specifically, which company is best for retired drivers? Farm Bureau Financial Services gets the edge, with rates for drivers 65 and older more than 20% less expensive than the national average for Trumbull.

Which is the Best Company for Married Drivers?

Did you know that auto insurance premiums are generally more affordable for married policyholders than they are for those who are single? That's normally because married drivers tend to own and insure multiple vehicles, which can often earn you a discount.

For single policyholders, the difference in average prices between these two companies is significant, with Farm Bureau Financial Services rates coming in at a third less than Trumbull's. The advantage for married couples with Farm Bureau Financial Services is also obvious, where drivers save almost 25% per month.

Farm Bureau Financial Services or Trumbull: Average Rates by Gender

Because women are less likely to get into accidents and get speeding tickets, they have a lower chance of filing a claim with insurance. So, insurance carriers will often charge women less than men.

Surprisingly, with Farm Bureau Financial Services, men generallypay around 3% less a month than women, and about 9% more with Trumbull.

Looking at overall affordability, Farm Bureau Financial Services comes out as the most affordable option for both genders. On average, women save about $68 per month and men save around $97 with Farm Bureau Financial Services compared to the average Trumbull policyholder.

Farm Bureau Financial Services vs. Trumbull: 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.

It's no secret that insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

However, 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 a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability coverage).

Looking specifically at state minimum limits for liability insurance, Farm Bureau Financial Services has the significant edge, with average monthly premiums coming in at $87. If you want a full coverage policy with the same state minimum limits, Farm Bureau Financial Services again has the edge, with policies averaging about $253 a month to Trumbull's $381.

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

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

It's no secret secret that collisions and speeding tickets lead to higher rates, but which carrier -- Farm Bureau Financial Services or Trumbull -- has the cheapest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farm Bureau Financial Services for their car insurance can normally expect their monthly bill to go up around 17% after getting a speeding ticket. Trumbull policyholders can expect a bit more drastic of an increase of about 22%.

That being said, Farm Bureau Financial Services tends to offer the best prices for drivers both with a ticket and with a clean record, offering prices that are $71 and $101 cheaper, respectively, compared to Trumbull Insurance Company.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Farm Bureau Financial Services can expect to see around an $66 -- or about 35% -- rise in their insurance premiums. Drivers who use Trumbull for their car insurance will see a monthly bill around $98 (or 34%) more expensive after reporting an accident to their insurance company.

At the end of the day, drivers who use Farm Bureau Financial Services end up with the cheaper prices after an accident, with average rates coming in at $187 compared to Trumbull Insurance Company's $290.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. Farm Bureau Financial Services drivers usually see a 46% raise in their car insurance prices after a DUI charge, while Trumbull will typically climb rates by about 32%.

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 Trumbull's $284.

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

Often times, your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (for example, California and Hawaii are two states that ban the practice entirely), but it will come into play for a lot of drivers.

Auto 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.

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

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Farm Bureau Financial Services will usually reward you the most. For drivers with "excellent" credit scores, Farm Bureau Financial Services comes in more than 31.35 cheaper. Drivers with "good" credit scores typically save about 33% with Farm Bureau Financial Services compared to average premiums from Trumbull.

Which Company is Best for Drivers with Bad Credit?

Farm Bureau Financial Services typically offers lower prices than Trumbull when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 38% per month less with Farm Bureau Financial Services compared to Trumbull, and those with "poor" scores usually save an average of about 30% monthly.

Is Farm Bureau Financial Services or Trumbull 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 premiums. Generally, the more milage you put on your car, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Farm Bureau Financial Services tends to be the more affordable option. Farm Bureau Financial Services's average prices for drivers with 6,000 annual miles come in around $78 cheaper than Trumbull. Those who drive 12,000 miles every year can expect to pay about $87 less with Farm Bureau Financial Services over Trumbull.

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

Where you call home can play a considerable role in how much you pay for insurance. Normally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more vehicles on the roads where they live.

Farm Bureau Financial Services boasts the cheapest average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

In urban areas, Farm Bureau Financial Services's average rates are around $196 while Trumbull offers prices about $326. Drivers in suburban ZIP codes pay a monthly rate of around $159 with Farm Bureau Financial Services compared to $232 with Trumbull. If you live in a rural area, you can expect to pay about $155 per month with Farm Bureau Financial Services and $202 with Trumbull.

Farm Bureau Financial Services vs. Trumbull 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 car 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 compared all of the different discounts offered by Farm Bureau Financial Services and Trumbull so that you can find the company that has the most discounts and, therefore, the largest savings.

Trumbull blows Farm Bureau Financial Services away when it comes to the sheer amount of discounts available, offering 17 different discounts to Farm Bureau Financial Services's nine.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a good student, and telematics discounts. Trumbull also offers discounts for advance quote, companion auto, distant student, and more.

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

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

So, you've seen how different factors can affect your insurance premiums. We've broken down the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the best carrier for you and your specific needs?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You're looking for the best rates on liability only coverage.
• You have a short drive to work everyday.

Trumbull might be best for you if...

• You're looking for discounts -- Trumbull has the most.

Hopefully, this guide has ben a valuable resource as you compare Farm Bureau Financial Services and Trumbull. We also hope we've given you the information you need to make the best decision about your car 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 auto insurance -- comparing quotes from multiple carriers, not just Farm Bureau Financial Services and Trumbull. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Farm Bureau Financial Services vs. Trumbull FAQs

Is Farm Bureau Financial Services or Trumbull cheaper?

Farm Bureau Financial Services is the more affordable of the two carriers when looking at national average premiums, with policies averaging $170 a month with Farm Bureau Financial Services and $253 for Trumbull. But that doesn't mean Farm Bureau Financial Services will be the lowest company for each driver, since there are lots of different variables that come into play when it comes to your car insurance bill.

Who is better, Farm Bureau Financial Services or Trumbull?

Unfortunately, the real answer is "it depends.". No one carrier is "better" for every policyholder -- it all depends on the makeup of your unique auto insurance profile.

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

Insurance companies use many different factors when determining the prices they charge. Things such as your driving record, where your home is, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Farm Bureau Financial Services and Trumbull use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Farm Bureau Financial Services or Trumbull 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 companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Farm Bureau Financial Services or Trumbull 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.