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

Quick Facts

• Based on national averages for insurance, Oklahoma Farm Bureau offers less expensive premiums than Farmers
• Farmers has more affordable prices for drivers with a DUI charge on their record
• Oklahoma Farm Bureau tends to be a much cheaper option for policyholders who have a short commute

Farmers vs. Oklahoma Farm Bureau: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might have narrowed it down to Farmers or Oklahoma Farm Bureau as your top options, but between the two, which carrier will save you the most?

Looking at the national average rates for both companies, Farmers has average rates that are about 14% per month more expensive than those from Oklahoma Farm Bureau.

But Oklahoma Farm Bureau may not be the lowest or best option for each driver out there. Car insurance carriers use tons of complex algorithms to calculate premiums, so depending on where you live or how good your credit score is (among quite a few other factors), you could see wildly different prices from the ones above.

So, if you want to find out which of Farmers or Oklahoma Farm Bureau is really the best for you, keep reading to see average rates for each carrier broken down by lots of different rate factors.

Farmers or Oklahoma Farm Bureau: Average Car Insurance Rates by State

Farmers and Oklahoma Farm Bureau only compete against each other in Oklahoma, where Oklahoma Farm Bureau offers the cheaper average premiums. For Oklahoma residents, Oklahoma Farm Bureau offers auto insurance for $174 a month on average. Farmers's average prices come out to be more expensive, at $176 monthly.

That being said, there's a lot more that goes into your insurance bill than just where you live. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group out there on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Oklahoma Farm Bureau save more than $150 a month compared to those who use Farmers. It's worth noting that Farmers offers insurance in 25 different states compared to Oklahoma Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

That being said, both companies will decrease prices by the time you turn 25. For example, average premiums for Farmers policyholders lower nearly $400 and Oklahoma Farm Bureau's rates drop over $200 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Farmers and Oklahoma Farm Bureau? Oklahoma Farm Bureau gets the edge, with prices for drivers 65 and older $24 less expensive than the national average for Farmers.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable insurance premiums than single policyholders. That's usually 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, Oklahoma Farm Bureau is the clear winner for those who are single, with rates around $42 per month cheaper than Farmers, on average. But for married drivers, that advantage is much less clear - Oklahoma Farm Bureau has the edge when it comes to average premiums.

Farmers vs. Oklahoma Farm Bureau: Average Rates by Gender

Because men are more likely to get into collisions and get speeding tickets, they run a larger risk of filing a claim with insurance. Therefore, insurance carriers will tend to charge men more than women.

Usually, men see rates about $7 a month higher with Farmers, while with Oklahoma Farm Bureau, the difference is closer to $27 per month.

Looking at overall affordability, Oklahoma Farm Bureau offers the cheapest average prices for both men and women, with average rates $19 less for men and $39 cheaper for women.

Farmers or Oklahoma Farm Bureau: 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 a complicated subject for most people. There are many different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

However, the most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, Oklahoma Farm Bureau normally offers significantly less expensive premiums of $93 compared to Farmers's $126. When it comes to full coverage policies with similar limits, Oklahoma Farm Bureau again has the edge, with policies around $25 a month more affordable than Farmers, on average.

Is Farmers or Oklahoma Farm Bureau Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and accidents will most likely raise your prices, but is Farmers or Oklahoma Farm Bureau cheaper for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers policyholders can expect their premiums to go up an average of $44 per month if they get a ticket, while Oklahoma Farm Bureau typically raises rates about $16 a month, on average.

Even so, Oklahoma Farm Bureau tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering prices that are $20 and $48 more affordable, respectively, compared to Farmers Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault accident with Farmers increasing by over $60. Oklahoma Farm Bureau has a less extreme raise, but you can still expect to pay more than $15 more than you were prior to your first collision.

Overall, drivers who use Oklahoma Farm Bureau end up with the cheaper prices after an accident, with monthly premiums averaging $158 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. On average, Oklahoma Farm Bureau will increase your prices around 41% after a DUI, while Farmers's average rates climb by over 25%.

Farmers has the overall most affordable premiums for drivers with a DUI on their records at $221 per month, but it's worth noting that Farmers's average rates come from 25 states compared to just one for Oklahoma Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Oklahoma Farm Bureau Rates?

Did you know that many insurance carriers take your credit score into account when calculating prices? Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for lots of drivers.

Auto 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 company offers the best premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Farmers for an "excellent" credit score. Drivers with "excellent" credit can save 6% compared to Oklahoma Farm Bureau, while those with "good" scores can expect to see better savings from Oklahoma Farm Bureau -- about $11 or 6% cheaper than Farmers every month.

Which Company is Best for Drivers with Bad Credit?

Oklahoma Farm Bureau typically offers lower prices than Farmers when it comes to drivers with bad credit. Drivers with "fair" credit pay around $34 per month less with Oklahoma Farm Bureau compared to Farmers, and those with "poor" scores generally save an average of about $81 a month.

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

How much you drive can have a sizable impact on your monthly insurance payment. That's because the fewer miles you put on your car, the less likely you are to get into a collision and cause an insurance claim.

In this case, neither Farmers or Oklahoma Farm Bureau report increasing rates for drivers with higher annual mileage figures. Even so, Oklahoma Farm Bureau comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average premiums of $174 a month for both.

Farmers vs. Oklahoma Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a big role in how much you pay for car insurance. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because of the small number of cars that are on the roads in those areas.

Farmers vs. Oklahoma Farm Bureau Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

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 can take advantage of.

In the section below, we've compared all of the different discounts offered by Farmers and Oklahoma Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Farmers blows Oklahoma Farm Bureau away when it comes to the sheer amount of discounts available, offering 28 different discounts to Oklahoma Farm Bureau's five.

Both companies offer several of the same discounts -- like discounts for being a defensive driver, group discounts, and multi-policy discounts -- but Farmers also offers ABS discounts, advance quote discounts, alternative fuel discounts, and more that Oklahoma Farm Bureau does not.

Oklahoma Farm Bureau's discounts come through just a few categories, including Defensive Driver, Good Student, Group Discount, and more.

Final Thoughts: Is Farmers or Oklahoma Farm Bureau Best for You?

So, you've seen how different factors can affect your car insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Farmers or Oklahoma Farm Bureau the right one for you and your specific driver profile?

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

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• Your credit is below-average.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Farmers might be best for you if...

• You have a DUI charge on your record.
• You care about discounts (Farmers offers the most).
• Your neighborhood is in the suburbs.

We hope this guide helps you get a better idea of the difference between Farmers and Oklahoma Farm Bureau 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 car insurance -- comparing quotes from a handful of carriers, not just Farmers and Oklahoma Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Farmers vs. Oklahoma Farm Bureau FAQs

Is Farmers or Oklahoma Farm Bureau cheaper?

Looking just at the national average prices, Oklahoma Farm Bureau is the less expensive of the two carriers, offering average rates of $174 per month compared to $203 for Farmers. That being said, Oklahoma Farm Bureau won't necessarily be the most affordable company for everyone, since there are a range of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Farmers or Oklahoma Farm Bureau?

Sadly, the real answer is "it depends.". No one carrier is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Farmers and Oklahoma Farm Bureau offer me different rates?

Car insurance companies take a look at quite a few different factors when determining the premiums they charge policyholders. Variables such as where you live, where your home is, gender, age, and sometimes even things like your credit score can all come into play. Both Farmers and Oklahoma Farm Bureau calculate rates using different formulas, so each one will most likely offer different prices. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the 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 ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Farmers or Oklahoma Farm Bureau 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.