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

Quick Facts

• Based on national averages for auto insurance, Secura offers significantly more affordable premiums than Farm Bureau
• Secura has cheaper prices for single people who will be the only person on the car insurance policy
• Secura offers more affordable premiums for policyholders who drive fewer than 6,000 miles yearly

Farm Bureau or Secura: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering large savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Farm Bureau or Secura for your next policy, but which carrier has less expensive prices for insurance?

As you can see, Secura has average rates that are around 55% a month cheaper than those from Farm Bureau when looking at the national average rates for car insurance.

However, that doesn't necessarily mean Secura will be the more affordable option for each driver. Auto insurance carriers use a variety of complex algorithms to determine rates, so depending on where you live or how good your credit score is (among many other factors), you could see wildly different prices from the ones above.

Wanting to know if Farm Bureau or Secura is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

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

Farm Bureau and Secura only compete against each other in Michigan, where Secura offers the cheaper average premiums. Secura drivers tend to pay about $173 per month less on average compared to drivers who use Farm Bureau for their car insurance.

There are plenty of other factors that go into your auto insurance payment than just where you call home. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for insurance than any other group of drivers. That's generally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. For example, 18-year-old drivers pay an average of over 35% less a month by choosing Secura over Farm Bureau.

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

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable car insurance prices you can find. After all, they've likely been driving for quite some time, which usually lowers their chances of collisions and other infractions that can raise rates.

When looking at Farm Bureau and Secura specifically, which carrier is best for retired drivers? Secura gets the edge, with premiums for drivers 65 and older over 60% less expensive than the national average for Farm Bureau.

Which is the Best Company for Married Drivers?

Did you know that insurance prices 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 more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average rates between these two carriers is significant, with Secura prices coming in at about half of Farm Bureau's. The advantage for married couples with Secura is also obvious, where drivers save nearly 65% per month.

Farm Bureau or Secura: Average Rates by Gender

Because women are less likely to get tickets and get into collisions, they are less likely to file a claim with insurance. So, insurance companies will tend to offer women more affordable premiums.

With Farm Bureau, everyone ends up paying the same monthly rates regardless of gender, and around $3 less with Secura.

When it comes to the lowest prices for each gender, Secura comes out as the cheapest option for both genders. On average, male drivers save about $196 a month and women save about $199 with Secura compared to the average Farm Bureau policyholder.

Farm Bureau vs. Secura: 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.

Car insurance isn't the easiest topic to understand. There are so many different limits 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 (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Secura has the significant edge, with average monthly rates coming in at $69. If you want a full coverage policy with the same state minimum limits, Secura again has the edge, with policies averaging around $222 per month to Farm Bureau's $468.

Is Farm Bureau or Secura Better for Drivers with Spotty Records?

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

Speeding tickets and accidents will most likely raise your rates, but is Farm Bureau or Secura less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farm Bureau for their insurance can usually expect their monthly bill to go up about 32% after getting a speeding ticket. Secura policyholders can expect a less drastic increase of around 29%.

Even so, Secura tends to offer the best prices for drivers both with a ticket and with a clean record, offering premiums that are $115 and $174 cheaper, respectively, compared to Farm Bureau Insurance of Michigan.

Which Company is Best for Drivers After an Accident?

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

At the end of the day, Secura offers the lowest premiums for drivers with an at-fault collision on their records, with average rates coming in at $129 compared to Farm Bureau Insurance of Michigan's $233.

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 -- typically a lot more than a collision or speeding ticket. For example, Farm Bureau increases average prices by nearly $450 a month -- that's nearly a 70% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Secura tends to be less expensive for the average driver, with monthly premiums coming in at around $244 to Farm Bureau's $641.

How does Credit Score Impact Farm Bureau and Secura Rates?

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

Car 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 cheaper prices.

Looking at Farm Bureau and Secura specifically, which company has the best premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

Did you know that the amount of time you spend in your car have a considerable impact on how much insurance companies will charge for coverage? Normally, 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, Secura tends to be the more affordable option. Farm Bureau's average prices for drivers with 6,000 annual miles come in more than 55% more expensive than Secura. Those who drive 12,000 miles every year can expect to pay just under 60% more with Farm Bureau over Secura.

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

Where you call home can play a sizable role in how much you pay for car insurance. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer vehicles on the road where they live, which decreases the chances of an accident.

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

For drivers in urban ZIP codes, Secura's average rates are about $161 per month compared to Farm Bureau's $457. People in suburban areas pay around $137 with Secura compared to Farm Bureau's $349 monthly. If you live in a rural area, you can expect to pay about $139 per month with Secura and $223 with Farm Bureau.

Farm Bureau vs. Secura 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 insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you qualify for.

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

Secura knocks Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 19 different discounts to Farm Bureau's 19.

There are a couple discounts both carriers offer, but Secura also offers discounts for defensive driver, distant student, good driving, and more.

On the other hand, Farm Bureau has a proprietary discount of their own -- a term discounts.

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

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. But, when it comes down to it, which insurance carrier is the right fit for you?

Secura might be best for you if....

• You have received a ticket within the last few years.
• Your neighborhood is in the suburbs.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Farm Bureau might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide has ben a valuable resource as you compare Farm Bureau and Secura 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 multiple carriers, not just Farm Bureau and Secura. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Farm Bureau vs. Secura FAQs

Is Farm Bureau or Secura cheaper?

Secura is the less expensive of the two carriers when looking at national average premiums, with policies averaging $146 a month with Secura and $343 for Farm Bureau. However, that doesn't mean Secura will be the lowest company for everyone, since there are a variety of different variables that are considered when it comes to your auto insurance cost.

Who is better, Farm Bureau or Secura?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for each policyholder -- it all boils down to your unique insurance profile.

Why do Farm Bureau and Secura offer me different rates?

Car insurance companies use quite a few different factors when calculating the prices they charge. Things like your driving record, age, where you park your car, gender, and sometimes even things like your credit score can all come into play. Both Farm Bureau and Secura calculate premiums differently, 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 or Secura is right for me?

The only way to find the 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, Compare.com does all the hard work for you. 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 cheapest price. And maybe you'll find that the best company for you isn't Farm Bureau or Secura 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.