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

Want to know if Farm Bureau or Frankenmuth is the better choice for car insurance? You're probably wondering which carrier offers the best rates or the most discounts. Check out our latest guide below to find out which of these two companies is the best for you.
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Quick Facts

  • Looking at the national averages for auto insurance, Frankenmuth offers slightly cheaper premiums than Farm Bureau
  • Farm Bureau tends to be a much less expensive option for policyholders who live in rural neighborhoods
  • Frankenmuth has more affordable prices for residents of suburban areas

Farm Bureau or Frankenmuth: 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 big savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Farm Bureau or Frankenmuth for your next policy, but which one has cheaper premiums for insurance?

Farm Bureau Frankenmuth

As you can see, Farm Bureau is around $25 more a month than Frankenmuth when looking at the national average rates for car insurance.

Even so, that doesn't mean Frankenmuth will necessarily be more affordable than Farm Bureau for every driver. Auto insurance carriers vary their prices depending on things like how clean your driving record is, how old you are, how good your credit score is, where you live, and all sorts of other factors, so rates could vary drastically from person to person.

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

Farm Bureau vs. Frankenmuth: Average Car Insurance Rates by State

State Farm Bureau Frankenmuth

Farm Bureau and Frankenmuth only compete against each other in Michigan, where Farm Bureau offers the cheaper average rates. Farm Bureau drivers tend to pay about $164 per month less on average compared to drivers who use Frankenmuth for their insurance.

That being said, there's a lot more that goes into your car insurance payment than just where you call home. Keep reading to learn more.

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Which is the Best Company For Young Drivers?

Farm Bureau Frankenmuth
18-year-old drivers$485$688
25-year-old drivers$365$308

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers out there on the road. That's normally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

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 30% less a month by choosing Farm Bureau over Frankenmuth.

That being said, both companies will offer you dramatically lower rates by the time you turn 25. For example, average prices for Farm Bureau policyholders decrease almost 25% and Frankenmuth's premiums drop more than 55% over that time.

Which is the Best Company for Retired Drivers?

Farm Bureau Frankenmuth
65+-year-old drivers$290$215

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you can find.

So, which carrier offers the best premiums to retired drivers? Frankenmuth gets the edge here, with average prices coming in at about $215 per month compared to Farm Bureau's $290.

Which is the Best Company for Married Drivers?

Farm Bureau Frankenmuth

Did you know that insurance rates are typically less expensive for married drivers than they are for single drivers? This usually boils down to married policyholders having more than one vehicle on their policy -- something many auto insurance carriers will reward with discounts.

For those who are single, the difference in average premiums between these two companies is not very significant, with Farm Bureau prices coming in at around 1% less than Frankenmuth's. But for married couples, the advantage is clear - Frankenmuth has the edge when it comes to average rates.

Farm Bureau or Frankenmuth: Average Rates by Gender

Farm Bureau Frankenmuth

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to car insurance men will generally end up paying a little more.

Women and men get the same monthly premiums with Farm Bureau, but with Frankenmuth, the difference is closer to 2% per month.

When it comes to the most affordable prices for each gender, Frankenmuth offers the lowest average rates for both men and women, with average prices 6% less for men and 8% cheaper for women.

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Farm Bureau vs. Frankenmuth: Compare State Minimum vs. Full Coverage Rates

Farm Bureau Frankenmuth
State Minimum*$218$214
Full Coverage**$468$422

*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. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

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 usually refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability limits, Frankenmuth has the slight edge, with average monthly premiums coming in at $214. If you want a full coverage policy with the same state minimum limits, Frankenmuth again has the edge, with policies averaging about $422 a month to Farm Bureau's $468.

Is Farm Bureau or Frankenmuth 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 at-fault collisions and speeding tickets on your record, but which of these two companies offers the cheapest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Farm Bureau Frankenmuth
Clean Record$202$173
1 Speeding Ticket$296$247

Policyholders who use Farm Bureau for their car insurance can normally expect their monthly bill to go up around 32% after getting a speeding ticket. Frankenmuth policyholders can expect a less drastic increase of about 30%.

But Frankenmuth tends to offer the best prices for both drivers who have clean records and those with a recent ticket, offering premiums that are $29 and $49 cheaper, respectively, compared to Farm Bureau Insurance of Michigan.

Which Company is Best for Drivers After an Accident?

Farm Bureau Frankenmuth
Clean Record$202$173
1 At-Fault Accident$233$214

Farm Bureau drivers who get in an accident can expect to see their rates increase by over $30, while those who have insurance through Frankenmuth will see around a $40 increase.

At the end of the day, drivers who use Frankenmuth end up with the cheaper prices after an accident, with average prices coming in at $214 compared to Farm Bureau Insurance of Michigan's $233.

Which Company is Best for Drivers with a DUI?

Farm Bureau Frankenmuth
Clean Record$202$173
1 DUI$641$637

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- generally a lot more than a collision or speeding ticket. Frankenmuth drivers usually see a 73% increase in their auto insurance premiums after a DUI charge, while Farm Bureau will usually raise rates by about 68%.

But if you end up with a DUI charge and are looking for more affordable premiums, Frankenmuth tends to be more affordable for the average driver, with monthly premiums coming in at around $637 to Farm Bureau's $641.

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How does Credit Score Impact Farm Bureau and Frankenmuth Rates?

Often times, your credit score can be used as one of the variables to determine your monthly car insurance prices. This isn't true for everyone (for example, are two states that ban the practice entirely), but it might come into play for several policyholders.

Auto insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with less expensive premiums.

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

Which Company is Best for Drivers with Good Credit?

Farm Bureau Frankenmuth
Excellent Credit Score$158$204
Good Credit Score$247$247

Michigan is one of a just a few states that does not allow insurance companies from using credit scores to calculate rates. And since Farm Bureau is only available in Michigan, there is no data available on how credit score impacts premiums because it's not a factor at all. This may be a good thing, since Frankenmuth and other carriers tend to raise rates quite a bit in other states if you don't have excellent credit.

Which Company is Best for Drivers with Bad Credit?

Farm Bureau Frankenmuth
Fair Credit Score$318$282
Poor Credit Score$649$537

If you have bad credit and live in Michigan, the good news is it won't cost you extra when it comes to auto insurance. As you can see, poor credit can really cost Farm Bureau drivers in other states, but no need to worry if you live in Michigan.

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Is Farm Bureau or Frankenmuth Better for Drivers who Work from Home or Have Short Commutes?

Farm Bureau Frankenmuth
6,000 Annual Miles$332$318
12,000 Annual Miles$354$318

How much you drive can have a sizable impact on your monthly insurance cost. That's because the fewer miles you drive, the less likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Frankenmuth charges. However, there's a small difference in monthly prices for Farm Bureau, with policyholders who drive 6,000 miles every year paying about $22 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Frankenmuth is the cheaper carrier.

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

Where you park your car can have a considerable impact on your monthly car insurance bill. Typically, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads where they live.

Farm Bureau Frankenmuth
Urban Areas$457$399
Suburban Areas$349$288
Rural Areas$223$266

When comparing these two companies side-by-side, Frankenmuth usually comes out as the more affordable option for drivers in urban and suburban areas, while Farm Bureau wins in rural areas.

For policyholders in urban ZIP codes, Frankenmuth Insurance's average rates are around 13% less than Farm Bureau Insurance of Michigan. People who live in suburban areas pay about 17% less with Frankenmuth compared to Farm Bureau. Those in rural areas can expect to save around 16% with Farm Bureau compared to Frankenmuth.

Farm Bureau vs. Frankenmuth 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 car insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you qualify for.

Luckily, we did the hard work for you and looked at all of the different discounts Farm Bureau and Frankenmuth offer their customers so that you can see which carrier can save you the most money each month.

Farm Bureau Frankenmuth
Advance Quote Discount
Anti-Theft Discount 
Defensive Driver Discount 
Distant Student Discount 
Family Discount 
Good Driving Discount 
Group Discount
Life Policy Discount 
Multi-Policy Discount
Paid In Full Discount 
Passive Restraint Discount 
Renewal Discount 
Term Discount 

Frankenmuth blows Farm Bureau away when it comes to the sheer amount of discounts available, offering six more discounts than Farm Bureau.

Both carriers offer many of the same discounts -- like advance quote discounts, group discounts, and multi-policy discounts -- but Frankenmuth also offers discounts for defensive driver, distant student, family discount, and more.

On the other hand, Farm Bureau has a few proprietary discounts of their own like anti-theft discounts and term discounts.

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Final Thoughts: Is Farm Bureau or Frankenmuth Best for You?

So, we've broken down the average prices for many of the factors insurance companies look at, and walked through the different discounts each company offers, too. But, when it comes down to it, which carrier is the right company for you and your specific profile and needs?

Frankenmuth might be best for you if....

  • Your driving record includes a DUI charge.
  • You're looking for the best premiums on liability only coverage.
  • You live in an suburban area.

Farm Bureau might be best for you if...

  • You already have a great credit score.
  • You live in a rural area.
  • You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide helps you get a better idea of the difference between Farm Bureau and Frankenmuth and that it aids in making a more informed decision about your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several carriers, not just Farm Bureau and Frankenmuth. Luckily, sites like make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

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Farm Bureau vs. Frankenmuth FAQs

Is Farm Bureau or Frankenmuth cheaper?

Frankenmuth is the less expensive of the two carriers when looking at national average rates, with policies averaging $318 per month with Frankenmuth and $343 for Farm Bureau. Even so, that doesn't mean Frankenmuth will be the most affordable company for every driver, since there are multiple different variables that come into play when it comes to your auto insurance payment.

Who is better, Farm Bureau or Frankenmuth?

Sadly, the answer truly is "it depends.". No one carrier is necessarily "better" for each policyholder -- it all depends on the makeup of your unique insurance profile. For example, Frankenmuth is cheaper for drivers who have already retired, while Farm Bureau offers less expensive premiums for single drivers.

Why do Farm Bureau and Frankenmuth offer me different rates?

Car insurance companies use a lot of different factors when determining the prices they charge. Variables like age, gender, where your home is, your driving record, and sometimes even things like your credit score can all come into play. Both Farm Bureau and Frankenmuth calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which company is the lowest for you is by comparing personalized quotes from several different carriers.

How do I know if Farm Bureau or Frankenmuth is right for me?

The only way to find the auto 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, does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Farm Bureau or Frankenmuth at all, but another you hadn't even thought of!


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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