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

Quick Facts

• Based on national averages for auto insurance, Farm Bureau offers significantly more affordable prices than Fremont
• Farm Bureau offers cheaper average premiums for drivers with a DUI
• Fremont may help you save more money -- they offer more discounts than Farm Bureau Insurance of Michigan

Farm Bureau or Fremont: 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've maybe even narrowed your search down to Farm Bureau or Fremont as potential options, but between the two, which company has less expensive prices for insurance?

As you can see, Fremont is quite a bit more expensive than Farm Bureau, with rates averaging $562 a month compared to just $343 with Farm Bureau when looking at the national average rates for car insurance.

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

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

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

Both Farm Bureau and Fremont only offer insurance in Michigan, so you'll see that the average figures here will mirror the ones we mentioned above. Farm Bureau drivers tend to pay about $219 per month less on average compared to drivers who use Fremont for their car insurance.

Typically, the state you live in will play a huge role in how much you pay for auto insurance, but since both companies only do business in Michigan, several other variables will come into play when you compare Farm Bureau and Fremont. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any group on the road. It's 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 auto insurance. As you can see above, teens who use Farm Bureau save over 70% a month compared to those who use Fremont.

But with both companies, you'll see your rates decrease significantly by the time drivers turn 25. For example, average premiums for Farm Bureau policyholders drop around $100 and Fremont's prices reduce more than $500 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable insurance premiums you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for auto insurance.

But who has the best rates for retired drivers between Farm Bureau and Fremont? Farm Bureau gets the slight edge, with prices for drivers 65 and older almost 10% less expensive than the national average for Fremont.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance rates than married drivers. That's normally because married policyholders tend to own and insure multiple vehicles, which can often earn you a discount.

For those who are single, the difference in average premiums between these two carriers is significant, with Farm Bureau prices coming in at about half of Fremont's. The advantage is also clear for married couples - Farm Bureau offers the cheapest average rates.

Farm Bureau or Fremont: Average Rates by Gender

You may not know, but men usually pay more for car insurance than women do. That's because men are more likely to get speeding tickets and get into collisions, which increases the chances of filing a claim with insurance.

With Farm Bureau, everyone ends up paying the same monthly premiums regardless of gender; women and men end up paying same monthly rates with Fremont.

When it comes to the lowest premiums for each gender, Farm Bureau comes out on top for both men and women, with average prices $219 less for men and $219 cheaper for women.

Farm Bureau vs. Fremont: 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, insurance isn't the easiest topic to understand. There are multiple 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.

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 and passengers if you cause an accident) and full coverage (which typically refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum liability limits, Farm Bureau has the significant edge, with average monthly rates coming in at $218. If you want a full coverage policy with the same state minimum limits, Farm Bureau again has the edge, with policies averaging around $468 per month to Fremont's $790.

Is Farm Bureau or Fremont 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 companies offers the most affordable premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farm Bureau for their auto insurance can generally expect their monthly bill to go up about 32% after getting a speeding ticket. Fremont policyholders can expect a bit more drastic of an increase of around 38%.

That being said, Farm Bureau is normally the more affordable option for drivers both with clean records and with a ticket -- their rates are around 10% less expensive for drivers with clean records and 18% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Farm Bureau drivers who get in a collision can expect to see their prices increase by over $30, while those who have insurance through Fremont will see about a $80 increase.

At the end of the day, the more affordable rates come from Farm Bureau, with average premiums coming in at $233 compared to Fremont Insurance's $307.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. On average, Fremont will climb your prices around 83% after a DUI, while Farm Bureau's average premiums rise by nearly 70%.

But if you end up with a DUI charge and are looking for more affordable rates, Farm Bureau tends to be less expensive for the average driver, with monthly premiums coming in at about $641 to Fremont's 1353.

How does Credit Score Impact Farm Bureau and Fremont Rates?

Did you know many insurance carriers take your credit score into account when determining prices? This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect lots of policyholders out there.

Car insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

So, which carrier offers the cheapest rates for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a considerable impact on your monthly prices. That's because the fewer miles you put on your car each year, the less likely you are to be in a collision 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 Fremont charges. However, there's a small difference in monthly premiums for Farm Bureau, with policyholders who drive the least paying around $22 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Farm Bureau is the cheaper company.

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

Where your home is can have a substantial impact on your monthly auto insurance cost. Typically, 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, Farm Bureau usually comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Farm Bureau Insurance of Michigan's average premiums are about 33% less than Fremont Insurance. People who live in suburban areas pay around 35% less with Farm Bureau compared to Fremont. Those in rural areas can expect to save about 52% with Farm Bureau compared to Fremont.

Farm Bureau vs. Fremont 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. That's where insurance discounts comes into play.

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Farm Bureau and Fremont so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Fremont knocks Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 14 different discounts to Farm Bureau's 14.

A couple of those are overlapping for things like anti-theft discounts, group discounts, and multi-policy discounts. Fremont also offers discounts for ABS, COVID-19 relief, defensive driver, and more.

On the other hand, Farm Bureau has a few proprietary discounts of their own like advance quote discounts and term discounts.

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

So, we've broken down the average prices for many of the variables car insurance companies look at, and we've shown you all the discounts each carrier offers. But, when it comes down to it, which company is the best fit for you?

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

• You will be the only person on the auto insurance policy.
• You live in an urban area.
• You're of retirement age and want to take advantage of lower rates.

Fremont might be best for you if...

• You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Farm Bureau and Fremont and that you can now make a more informed decision when it comes to 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 a handful of carriers, not just Farm Bureau and Fremont. 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 auto insurance companies in your area, all in just a few minutes.

Farm Bureau vs. Fremont FAQs

Is Farm Bureau or Fremont cheaper?

Farm Bureau is the more affordable of the two carriers when looking at national average premiums, with policies averaging $343 a month with Farm Bureau and $562 for Fremont. Even so, that doesn't mean Farm Bureau will be the lowest company for each policyholder, 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, Farm Bureau or Fremont?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all comes down to what your unique insurance profile looks like. For example, Fremont is cheaper for drivers who have less-than-stellar credit scores, while Farm Bureau offers more affordable rates for drivers with an at-fault collision on their record.

Why do Farm Bureau and Fremont offer me different rates?

Auto insurance companies use many different variables when calculating the premiums they charge. Factors such as age, gender, your driving record, where you park your vehicle, and sometimes even things like your credit score can all be taken into consideration. Both Farm Bureau and Fremont calculate prices using different formulas, 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 carriers.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several companies 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 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 best price. And maybe you'll find that the best company for you isn't Farm Bureau or Fremont 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.