Farmers Automobile vs. Secura: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Farmers Automobile offers less expensive prices than Secura
• Farmers Automobile offers more affordable rates for policyholders who are looking to purchase insurance with a spouse
• Secura tends to be a much more affordable option for policyholders who live in urban areas

Farmers Automobile or Secura: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Farmers Automobile or Secura for your next policy, but between the two, which carrier will offer you cheaper premiums?

Looking at nationwide averages, Farmers Automobile has average rates that are around 16% a month more affordable than those from Secura.

Even so, Farmers Automobile may not be the lowest or best option for each driver out there. Auto insurance carriers use a variety of complex algorithms to determine prices, so depending on how good your credit score is or how old you are (among a range of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average premiums from both Farmers Automobile and Secura by lots of different rate factors, so read on to find out which company is the best for you.

Farmers Automobile vs. Secura: Average Car Insurance Rates by State

Farmers Automobile and Secura only compete against each other in two states, with Farmers Automobile offering cheaper rates to the average driver in all of them. If you live in Illinois, Farmers Automobile is the less expensive of the two companies when looking at the overall average prices. Secura is the more affordable option in Wisconsin.

There's a lot more that goes into your car insurance payment than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. Normally, 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 auto insurance. For example, 18-year-old drivers pay an average of over 10% less per month by choosing Farmers Automobile over Secura.

However, both carriers will offer you dramatically lower rates once you turn 25. For example, average prices for Farmers Automobile policyholders drop more than 60% and Secura's premiums lower over 55% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Farmers Automobile and Secura specifically, which carrier is best for retired drivers? Farmers Automobile gets the edge, with premiums for drivers 65 and older $15 cheaper than the national average for Secura.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be less expensive for married drivers than they are for those who are single. That's generally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two companies is significant, with Farmers Automobile rates coming in at about 15% less than Secura's. For married couples, the advantage is clear again - Farmers Automobile has the edge when it comes to average premiums.

Farmers Automobile or Secura: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding. That means when it comes to auto insurance men will normally end up paying a little more.

With Farmers Automobile, men typically pay around $1 a month more than women, and about $3 more with Secura.

Looking at the data for each company specifically, Farmers Automobile offers the cheapest average rates for both men and women, with average prices 16% less for men and 15% cheaper for women.

Farmers Automobile 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.

For most people, insurance can be pretty complicated. There are so many different terms and coverages 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 and passengers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to liability coverage).

When it comes to state minimum liability insurance, Secura has the edge, while Farmers Automobile offers the lowest average premiums for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $6 with SECURA Insurance, while full coverage comes out to be around $50 more affordable with Farmers Automobile Insurance Association.

Is Farmers Automobile or Secura 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.

It's no secret secret that speeding tickets and accidents lead to higher rates, but which carrier -- Farmers Automobile or Secura -- has the most affordable prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Farmers Automobile for their auto insurance can generally expect their monthly bill to go up about 20% after getting a speeding ticket. Secura policyholders can expect a bit more drastic of an increase of around 29%.

That being said, Farmers Automobile is normally the less expensive option for drivers both with clean records and with a ticket. With Farmers Automobile Insurance Association, drivers with a clean record can save about $0 per month and drivers with a speeding ticket can save around $13 a month.

Which Company is Best for Drivers After an Accident?

Farmers Automobile policyholders who get in a collision can expect to see their premiums rise by $30, while those who have insurance through Secura will see about a $40 increase.

At the end of the day, drivers who use Farmers Automobile end up with the cheaper prices after an accident, with average prices coming in at $117 compared to SECURA Insurance's $129.

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 ticket when it comes to your insurance bill. Secura drivers usually see a 64% raise in their car insurance rates after a DUI charge, while Farmers Automobile will typically climb premiums by around 51%.

But if you end up with a DUI charge and are looking for more affordable prices, Farmers Automobile tends to be cheaper for the average driver, with monthly premiums coming in at about $178 to Secura's $244.

How does Credit Score Impact Farmers Automobile and Secura Rates?

Often times, your credit score can be used as one of the variables to calculate your monthly auto insurance rates. This isn't true for everyone (for example, Massachusetts and Hawaii are two states that ban the practice entirely), but it will come into play for several drivers.

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, policyholders with good credit will often be rewarded with more affordable premiums.

Looking at Farmers Automobile and Secura specifically, which one has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Farmers Automobile will usually reward you the most. For policyholders with "excellent" credit scores, Farmers Automobile comes in nearly 34.43 less expensive. Drivers with "good" credit scores generally save around 26% with Farmers Automobile compared to average rates from Secura.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best premiums. Drivers with "fair" credit pay about 17% less with Farmers Automobile than Secura, but those whose credit is considered "poor" have it flipped -- saving around 5% per month with Secura.

Is Farmers Automobile or Secura 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 how much car insurance companies will charge for coverage. Usually, the more milage you put on your car each year, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Farmers Automobile tends to be the cheaper option. Secura's average prices for drivers with 6,000 annual miles come in about 22% more expensive than Farmers Automobile. Those who drive 12,000 miles annually can expect to pay around 10% more with Secura over Farmers Automobile.

Farmers Automobile or Secura: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a considerable 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 car insurance, while the opposite is true for people in rural areas.

Farmers Automobile typically comes out as the more affordable option for drivers in rural and suburban areas, while Secura wins in urban areas.

For drivers in urban ZIP codes, Secura's average rates are about $161 a month compared to Farmers Automobile's $192. Drivers in suburban ZIP codes pay around $92 with Farmers Automobile compared to Secura's $137 per month. If you live in a rural area, you can expect to pay about $84 monthly with Farmers Automobile compared to Secura's $139.

Farmers Automobile vs. Secura Discounts

No matter why you might be in the market for a new 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 utilizing as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Farmers Automobile and Secura so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Secura blows Farmers Automobile away when it comes to the sheer amount of discounts available, offering 19 different discounts to Farmers Automobile's 11.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, discounts for being a good student, group discounts, and multi-policy discounts -- but Secura also offers discounts for distant student, good driving, low income, and more.

On the other hand, Farmers Automobile has a proprietary discount of their own -- a EFT discounts.

Final Thoughts: Is Farmers Automobile or Secura Best for You?

So, you've seen how different factors can affect your insurance premiums. We've broken down the different discounts each carrier offers, too. But, when it comes down to it, is Farmers Automobile or Secura the right company for you and your specific driver profile?

Farmers Automobile might be best for you if....

• Your driving record includes a DUI charge.
• You want the most robust protection via a "full coverage" policy.
• You have a short commute.

Secura might be best for you if...

• You're looking for discounts -- Secura has the most.
• You're looking for the best rates on liability only coverage.
• Your neighborhood is in a city.

Hopefully, this guide helps you get a better idea of the difference between Farmers Automobile and Secura and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Farmers Automobile and Secura. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Farmers Automobile vs. Secura FAQs

Is Farmers Automobile or Secura cheaper?

Farmers Automobile is the less expensive of the two companies when looking at national average prices, with policies averaging $123 per month with Farmers Automobile and $146 for Secura. Even so, that doesn't mean Farmers Automobile will be the cheapest company for every driver, since there are a bunch of different variables that come into play when it comes to your auto insurance cost.

Who is better, Farmers Automobile or Secura?

Sadly, the only answer we can give you is "it depends.". No one carrier is "better" for each policyholder -- it all boils down to your unique insurance profile. For example, Secura is cheaper for drivers who have less-than-stellar credit scores, while Farmers Automobile offers more affordable rates for drivers with an at-fault accident on their record.

Why do Farmers Automobile and Secura offer me different rates?

Auto insurance carriers use a lot of different factors when determining the prices they charge. Variables like gender, your driving record, age, where your home is, and sometimes even things like your credit score can all be used. Both Farmers Automobile and Secura calculate premiums using different formulas, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Farmers Automobile or Secura 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 carriers 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 area information and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Farmers Automobile 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.