Farmers vs. Noblr Reciprocal Exchange: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Noblr Reciprocal Exchange offers significantly more affordable rates than Farmers
• Farmers may help you save more money -- they offer more discounts than Noblr Reciprocal Exchange
• Noblr Reciprocal Exchange tends to be a much cheaper option for policyholders who are looking to purchase insurance with a spouse

Farmers or Noblr Reciprocal Exchange: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You might have narrowed it down to Farmers or Noblr Reciprocal Exchange for your next policy, but which company will offer you less expensive premiums?

Looking at the national average rates for both carriers, Noblr Reciprocal Exchange is quite a bit cheaper than Farmers, with rates averaging $79 a month compared to $203 with Farmers.

That being said, that doesn't necessarily mean Noblr Reciprocal Exchange will be the cheaper option for every single driver. Car insurance companies vary their prices depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and a variety of other factors. So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

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

Farmers vs. Noblr Reciprocal Exchange: Average Car Insurance Rates by State

Farmers and Noblr Reciprocal Exchange only compete against each other in Arizona, where Noblr Reciprocal Exchange offers the cheaper average premiums. Noblr Reciprocal Exchange drivers tend to pay about $140 per month less on average compared to drivers who use Farmers for their insurance.

That being said, there's a lot more that goes into your auto insurance bill than just where you call home. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any group on the road. Normally, that's because teen 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. As you can see above, teens who use Noblr Reciprocal Exchange save almost 55% a month compared to those who use Farmers. It's worth noting that Farmers offers auto insurance in 25 different states compared to Noblr Reciprocal Exchange's one, which can skew the average prices a bit, but the difference here is still considerable.

However, both carriers will offer you dramatically lower premiums by the time you turn 25. For example, average rates for Farmers policyholders decrease around $400 and Noblr Reciprocal Exchange's prices lower nearly $200 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable premiums you'll ever see.

So, which carrier offers the best prices to retired drivers? Noblr Reciprocal Exchange gets the edge here, with average premiums coming in at about $48 monthly compared to Farmers's $143.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive car insurance rates than married drivers. This usually boils down to married couples having more than one vehicle on their policy -- something quite a few insurance companies will reward with discounts.

For single policyholders, the difference in average prices between these two carriers is significant, with Noblr Reciprocal Exchange premiums coming in at around half of Farmers's. The advantage for married policyholders with Noblr Reciprocal Exchange is also obvious, where drivers save about $100 per month.

Farmers or Noblr Reciprocal Exchange: Average Rates by Gender

Men are statistically more likely than women to get into collisions and get speeding tickets, which means they'll typically end up paying more for auto insurance than women.

Normally, men see rates around 3% a month higher with Farmers, and about 5% with Noblr Reciprocal Exchange.

When it comes to the lowest prices for each gender, Noblr Reciprocal Exchange comes out on top for both men and women, with average premiums 61% less for men and 62% cheaper for women.

Farmers vs. Noblr Reciprocal Exchange: 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.

It's no secret that car insurance can be pretty complicated. There are many different coverages that account for a range of 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.

Even so, most policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, Noblr Reciprocal Exchange has the significant edge, with average monthly rates coming in at $46. If you want a full coverage policy with the same state minimum limits, Noblr Reciprocal Exchange again has the edge, with policies averaging around $112 per month to Farmers's $281.

Is Farmers or Noblr Reciprocal Exchange Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their 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 collisions on your record, but which of these two companies offers the cheapest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farmers for their auto insurance can usually expect their monthly bill to go up about 21% after getting a speeding ticket. Noblr Reciprocal Exchange policyholders can expect a less drastic increase of around 18%.

But Noblr Reciprocal Exchange has less expensive rates for drivers in both categories, offering prices that are 60% and 62% more affordable, respectively, compared to Farmers Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Farmers can expect to see about an $62 -- or around 28% -- rise in their auto insurance rates. Drivers who use Noblr Reciprocal Exchange for their car insurance will see a monthly bill about $26 (or 29%) more expensive after reporting a collision to their insurance company.

At the end of the day, Noblr Reciprocal Exchange offers the most affordable prices for drivers with an at-fault collision on their records, with average premiums coming in at $90 compared to Farmers Insurance's $224.

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 ticket or even an accident. Farmers drivers usually see a 27% increase in their auto insurance rates after a DUI charge, while Noblr Reciprocal Exchange will generally climb prices by around 23%.

Noblr Reciprocal Exchange has the overall lowest premiums for drivers with a DUI on their records at $83 per month, but it's worth noting that Farmers's average rates come from 25 states compared to just one for Noblr Reciprocal Exchange, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Noblr Reciprocal Exchange Rates?

Did you know many car insurance carriers take into account your credit score when determining prices? Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it might come into play for a lot of drivers.

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

So, which carrier offers the most affordable rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Noblr Reciprocal Exchange will normally reward you the most. For drivers with "excellent" credit scores, Noblr Reciprocal Exchange comes in more than 70.12 cheaper. Drivers with "good" credit scores usually save about 72% with Noblr Reciprocal Exchange compared to average premiums from Farmers.

Which Company is Best for Drivers with Bad Credit?

Noblr Reciprocal Exchange typically offers lower rates than Farmers when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 52% a month less with Noblr Reciprocal Exchange compared to Farmers, and those with "poor" scores generally save an average of about 55% a month.

Is Farmers or Noblr Reciprocal Exchange 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 pretty big impact on your monthly auto insurance cost? Typically, those who drive less will end up with less expensive prices since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Farmers or Noblr Reciprocal Exchange report increasing premiums for drivers with higher annual mileage figures. Even so, Noblr Reciprocal Exchange comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average rates of $79 per month for both.

Farmers or Noblr Reciprocal Exchange: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a sizable impact as well. Normally, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer cars on the road where they live, which reduces the chances of an accident.

When comparing these two companies side-by-side, Noblr Reciprocal Exchange generally comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around $100 with Noblr Reciprocal Exchange compared to Farmers. People who live in suburban areas pay about $119 less with Noblr Reciprocal Exchange compared to Farmers. For drivers in urban ZIP codes, Noblr Reciprocal Exchange's average premiums are around $154 less than Farmers Insurance.

Farmers vs. Noblr Reciprocal Exchange Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many auto 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 looked at all of the different discounts Farmers and Noblr Reciprocal Exchange offer their customers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Farmers blows Noblr Reciprocal Exchange away when it comes to the sheer amount of discounts available, offering 20 more discounts than Noblr Reciprocal Exchange.

There are a couple discounts both carriers offer, but Farmers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Noblr Reciprocal Exchange has a few proprietary discounts of their own for things like advantage technology discounts, continuous insurance discounts, education discounts, and more.

Final Thoughts: Is Farmers or Noblr Reciprocal Exchange Best for You?

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

Noblr Reciprocal Exchange might be best for you if....

• You haven't received any speeding tickets or been in an accident in the last few years.
• You're worried about the impact your credit score will have on your rates.
• You're of retirement age and want to take advantage of lower prices.

Farmers might be best for you if...

• You already have plans to move to another state -- Noblr Reciprocal Exchange only offers policies in AZ.
• You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Farmers and Noblr Reciprocal Exchange. We also hope we've given you the information you need to make the best 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 Farmers and Noblr Reciprocal Exchange. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Farmers vs. Noblr Reciprocal Exchange FAQs

Is Farmers or Noblr Reciprocal Exchange cheaper?

Noblr Reciprocal Exchange is the more affordable of the two carriers when looking at national average premiums, with policies averaging $79 a month with Noblr Reciprocal Exchange and $203 for Farmers. However, that doesn't mean Noblr Reciprocal Exchange will be the most affordable company for every policyholder, since there are a bunch of different factors that come into play when it comes to your auto insurance payment.

Who is better, Farmers or Noblr Reciprocal Exchange?

Unfortunately, the answer truly is "it depends.". No one carrier is "better" for everyone -- it all depends on what your unique car insurance profile looks like.

Why do Farmers and Noblr Reciprocal Exchange offer me different rates?

Insurance companies use many different variables when calculating the rates they charge. Factors like age, your driving record, where you live, gender, and sometimes even things like your credit score can all come into play. Both Farmers and Noblr Reciprocal Exchange calculate prices using different formulas, 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 multiple different carriers.

How do I know if Farmers or Noblr Reciprocal Exchange is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple 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 area information and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Farmers or Noblr Reciprocal Exchange 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.