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

Want to know if Farm Bureau or Wolverine Mutual is the better choice for auto insurance? You're probably wondering which company offers the best premiums or the most discounts. Check out our latest guide below to find out which of these two companies is the best for you.
Newly insured car driving down the road
Why You Can Trust Compare.com trust shield

At Compare.com, it's our mission to find simple ways to help our customers save money on the things they need. While we partner with some of the companies and brands we talk about in our articles, all of our content is written and reviewed by our independent editorial team and never influenced by our partnerships. Learn about how we make money, review our editorial standards, and reference our data methodology to learn more about why you can trust Compare.com.

Quick Facts

  • Looking at the national averages for insurance, Wolverine Mutual offers significantly less expensive prices than Farm Bureau
  • Wolverine Mutual offers more affordable rates for residents of urban areas
  • Wolverine Mutual offers cheaper average premiums for policyholders who may not have much of a commute


Farm Bureau vs. Wolverine Mutual: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Farm Bureau or Wolverine Mutual as potential options, but which carrier will offer you more affordable rates?

Farm Bureau Wolverine Mutual
$343$224

As you can see, Wolverine Mutual is quite a bit cheaper than Farm Bureau, with prices averaging $224 per month compared to $343 with Farm Bureau when looking at the national average rates for auto insurance.

Even so, Wolverine Mutual may not be the lowest or best option for each driver out there. Car insurance companies use tons of complex algorithms to calculate premiums, so depending on how clean your driving record is or how old you are (among a wide array of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Farm Bureau and Wolverine Mutual by a variety of different rate factors, so read on to find out which carrier is the best for you.

Farm Bureau or Wolverine Mutual: Average Car Insurance Rates by State

State Farm Bureau Wolverine Mutual
MI$343$224

Both Farm Bureau and Wolverine Mutual only offer insurance in Michigan, so you'll see that the average figures here will mirror the ones we mentioned above. For Michigan residents, Wolverine Mutual offers auto insurance for $224 a month on average. Farm Bureau's average premiums come out to be over 50% more expensive, at $343 monthly.

Typically, where you call home will play a hefty role in how much you pay for insurance, but since both companies only do business in Michigan, an array of other factors will come into play when you compare Farm Bureau and Wolverine Mutual. Keep reading to learn more.


Find your best rate in just a few minutes


Which is the Best Company For Young Drivers?

Farm Bureau Wolverine Mutual
18-year-old drivers$485$432
25-year-old drivers$365$290

Teen drivers will almost always have the most expensive car insurance prices of any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of nearly $55 less a month by choosing Wolverine Mutual over Farm Bureau.

But with both carriers, you'll see your prices reduce significantly once you turn 25. Wolverine Mutual offers the steepest decrease, with 25-year-olds paying a third less what 18-year-old drivers are charged. Farm Bureau's average rates decrease almost 25% during that same period.

Which is the Best Company for Retired Drivers?

Farm Bureau Wolverine Mutual
65+-year-old drivers$290$119

Drivers around retirement age typically enjoy some of the most affordable auto insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which normally reduces their chances of accidents and other infractions that can increase rates.

So, which company offers the best premiums to retired drivers? Wolverine Mutual gets the edge, with prices for drivers 65 and older $171 cheaper than the national average for Farm Bureau.

Which is the Best Company for Married Drivers?

Farm Bureau Wolverine Mutual
Single$361$250
Married$319$190

Married drivers tend to get slightly more affordable car insurance premiums than single drivers. That's generally because married couples tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Wolverine Mutual is the clear winner for those who are single, with rates about $111 per month less expensive than Farm Bureau, on average. The advantage for married policyholders with Wolverine Mutual is also obvious, where drivers save more than 40% a month.

Farm Bureau vs. Wolverine Mutual: Average Rates by Gender

Farm Bureau Wolverine Mutual
Male$343$224
Female$343$224

Women tend to pay less for insurance than men. This is because men are statistically more likely than women to get tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher prices.

Men and women get the same monthly premiums with Farm Bureau; men and women get the same monthly prices with Wolverine Mutual.

Looking at the data for each carrier specifically, Wolverine Mutual offers the cheapest average rates for both men and women. On average, women save about $119 per month and men save around $119 with Wolverine Mutual compared to the average Farm Bureau policyholder.


Find your best rate in just a few minutes


Farm Bureau or Wolverine Mutual: Compare State Minimum vs. Full Coverage Rates

Farm Bureau Wolverine Mutual
State Minimum*$218$114
Full Coverage**$468$335

*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 coverages and limits that it can make it pretty confusing to find the right policy.

That being said, most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability insurance, Wolverine Mutual typically offers significantly more affordable premiums of $114 compared to Farm Bureau's $218. When it comes to full coverage policies with similar limits, Wolverine Mutual again has the edge, with policies about $150 a month cheaper than Farm Bureau, on average.

Is Farm Bureau or Wolverine Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies 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 tickets on your record, but which of these two carriers offers the lowest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Farm Bureau Wolverine Mutual
Clean Record$202$146
1 Speeding Ticket$296$175

Farm Bureau policyholders can expect their rates to go up an average of $94 per month if they get a ticket, while Wolverine Mutual usually raises premiums around $29 a month, on average.

However, Wolverine Mutual tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering prices that are $56 and $121 less expensive, respectively, compared to Farm Bureau Insurance of Michigan.

Which Company is Best for Drivers After an Accident?

Farm Bureau Wolverine Mutual
Clean Record$202$146
1 At-Fault Accident$233$188

Farm Bureau drivers who get in a collision can expect to see their premiums increase by over $30, while those who have insurance through Wolverine Mutual will see about a $40 increase.

Overall, drivers who use Wolverine Mutual end up with the cheaper prices after an accident, with monthly prices averaging $188 compared to Farm Bureau Insurance of Michigan's $233.

Which Company is Best for Drivers with a DUI?

Farm Bureau Wolverine Mutual
Clean Record$202$146
1 DUI$641$389

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- generally a lot more than an accident or ticket. For example, Farm Bureau increases average rates by just under $450 per month -- that's just under a 70% increase.

If you have a DUI on your record and are looking for more affordable premiums, Wolverine Mutual tends to be the much more affordable option with average prices of $389 per month compared to $641 from Farm Bureau.


Find your best rate in just a few minutes


How does Credit Score Impact Farm Bureau and Wolverine Mutual Rates?

Did you know that many auto insurance companies take your credit score into account when calculating rates? This isn't always the case (for example, Massachusetts and Hawaii are two states that ban the practice entirely), but it does affect several policyholders out there.

The reasoning insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will normally be forced to pay more.

So, which company offers the cheapest rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Farm Bureau Wolverine Mutual
Excellent Credit Score$158$147
Good Credit Score$247$174

Which Company is Best for Drivers with Bad Credit?

Farm Bureau Wolverine Mutual
Fair Credit Score$318$245
Poor Credit Score$649$333

Find your best rate in just a few minutes


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

Farm Bureau Wolverine Mutual
6,000 Annual Miles$332$224
12,000 Annual Miles$354$224

The amount of time you spend behind the wheel of your car plays a big role in how much car insurance companies will charge for coverage. Generally, those who drive fewer miles will end up with less expensive prices since there's less of a chance of getting into a collision and causing an insurance claim.

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

Farm Bureau vs. Wolverine Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a sizable role in how much you pay for auto insurance. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

Farm Bureau Wolverine Mutual
Urban Areas$457$344
Suburban Areas$349$192
Rural Areas$223$137

When comparing these two carriers side-by-side, Wolverine Mutual usually comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest rates from both companies, but Wolverine Mutual comes out on top with average prices about $137 a month. Wolverine Mutual also has more affordable average premiums for policyholders in urban and suburban ZIP codes -- a 25% and 45% a month respective difference when compared to Farm Bureau drivers in similar areas.

Farm Bureau vs. Wolverine Mutual Discounts

Regardless of 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 possible, and the best way to do that is by taking advantage of as many auto insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you can take advantage of.

In the table below, we've taken a look at all of the different discounts Farm Bureau and Wolverine Mutual offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Farm Bureau Wolverine Mutual
ABS Discount 
Advance Quote Discount 
Anti-Theft Discount 
Distant Student Discount 
Good Driving Discount 
Good Student Discount 
Group Discount 
Military Discount 
Multi-Car Discount 
Multi-Policy Discount
Passive Restraint Discount 
Seat Belt Discount 
Term Discount 

Overall, Wolverine Mutual has the advantage when it comes to total number of discounts. Farm Bureau offers a grand total of five discounts, while Wolverine Mutual has nine.

Both carriers offer many of the same discounts -- like multi-policy discounts -- but Wolverine Mutual also offers ABS discounts, distant student discounts, good driving discounts, and more that Farm Bureau does not.

On the flip side, Farm Bureau has a couple unique discounts of its own -- advance quote discounts, anti-theft discounts, group discounts, and more.


Find your best rate in just a few minutes


Final Thoughts: Is Farm Bureau or Wolverine Mutual Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts companies offer. But, at the end of the day, is Farm Bureau or Wolverine Mutual the right fit for you?

Wolverine Mutual might be best for you if....

  • You have a clean driving record, free of accidents, tickets, or DUIs.
  • You live in an suburban area.
  • You're buying insurance for a teen and looking for a wallet-friendly option.


Farm Bureau might be best for you if...

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

We hope this guide has ben a valuable resource as you compare Farm Bureau and Wolverine Mutual. We also hope we've given you the information you need to make the best decision when it comes to 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 car insurance -- comparing quotes from multiple carriers, not just Farm Bureau and Wolverine Mutual. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top insurance companies in your area, all in just a few minutes.


Find your best rate in just a few minutes


Farm Bureau vs. Wolverine Mutual FAQs

Is Farm Bureau or Wolverine Mutual cheaper?

Looking just at the national average prices, Wolverine Mutual is the cheaper of the two carriers, offering average rates of $224 per month compared to $343 for Farm Bureau. But Wolverine Mutual won't necessarily be the cheapest carrier for each driver, since there are a range of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Farm Bureau or Wolverine Mutual?

Unfortunately, the only answer we can give you is "it depends.". Neither company is "better" for every driver -- it all boils down to your unique auto insurance profile.

Why do Farm Bureau and Wolverine Mutual offer me different rates?

Insurance companies take a look at quite a few different variables when determining the rates they charge policyholders. Factors like where you live, age, where your home is, gender, and sometimes even things like your credit score can all come into play. Both Farm Bureau and Wolverine Mutual calculate prices differently, so each one will most likely offer different rates. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the car insurance company 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 ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the lowest premium. And who knows, the best carrier for you might not be Farm Bureau or Wolverine Mutual at all!


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.

About Compare.com

Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.

  • All of Compare.com's content is written and reviewed for accuracy by a team of experienced writers and editors who are experts on the topics they cover.
  • None of Compare.com's content is ever influenced by the companies and brands we partner with.
  • Compare.com's editorial team operates independently of any of the company's partnership or business development interests. We publish unbiased information strictly for the benefit of our readers.
  • All of the content you see on Compare.com is based on comprehensive analysis and all data is gathered and vetted from trustworthy sources.

Learn more about us, our team, and what makes us tick.

Find your best rate in just a few minutes