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

Quick Facts

• Based on national averages for auto insurance, Secura offers significantly less expensive premiums than Farmers
• Farmers may help you save more money -- they offer more discounts than SECURA Insurance
• Secura offers cheaper average rates for policyholders who live in urban areas

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

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You might have narrowed your search down to Farmers or Secura as potential options, but between the two, which one will offer you more affordable prices?

As you can see, Farmers has average rates that are around 30% a month more expensive than those from Secura when looking at the national average rates for insurance.

Even so, that doesn't necessarily mean Secura will be the cheaper option for every single driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, where you call home, your driving record, or even your credit score (among other things). So, at the end of the day, rates from each carrier will differ quite a bit from person to person.

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

Farmers vs. Secura: Average Car Insurance Rates by State

Farmers and Secura only compete against each other in three states, with Secura offering more affordable prices to the average driver in all of them. Michigan has the most noticable difference, where Secura premiums are $444 less expensive than car insurance rates at Farmers.

But there's more to insurance than just where you live. As we mentioned above, there's a lot of things that go into how car insurance companies determine your prices. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high insurance rates. As you can see above, teens who use Secura save over 40% per month compared to those who use Farmers. It's worth noting that Farmers offers auto insurance in 25 different states compared to Secura's three, which can skew the average premiums a bit, but the difference here is still considerable.

However, both carriers will reduce rates by the time drivers turn 25. Secura offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. Farmers's average premiums decrease more than 70% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices you'll ever find.

But who has the best rates for retired drivers between Farmers and Secura? Secura gets the edge here, with average premiums coming in at about $111 monthly compared to Farmers's $143.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more expensive for single drivers than they are for married policyholders? That's because policies for married drivers normally cover more than one vehicle, which many companies will give you a discount for.

For those who are single, the difference in average rates between these two carriers is significant, with Secura prices coming in at a third less than Farmers's. The advantage for married couples with Secura is also obvious, where drivers save around $35 a month.

Farmers or Secura: Average Rates by Gender

Did you know women tend to pay less for car insurance than men? That's because women are less likely to get into accidents and get tickets, which lowers the chances of filing a claim with insurance.

Usually, men see premiums about 3% per month higher with Farmers, and around 2% with Secura.

Looking at overall affordability, Secura comes out on top for both men and women, with average prices $60 less for men and $56 cheaper for women.

Farmers 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.

Auto insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

But the most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Secura has the significant edge, with average monthly premiums 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 about $222 a month to Farmers's $281.

Is Farmers or Secura Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto 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 lowest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Farmers for their insurance can usually expect their monthly bill to go up around 21% after getting a speeding ticket. Secura policyholders can expect a bit more drastic of an increase of about 29%.

However, Secura has cheaper prices for drivers in both categories -- their rates are around 46% more affordable for drivers with clean records and 41% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Farmers drivers who get in an accident can expect to see their rates climb by over $60, while those who have insurance through Secura will see around a $40 increase.

At the end of the day, Secura offers the most affordable premiums for drivers with an at-fault collision on their records, with average prices coming in at $129 compared to Farmers Insurance's $224.

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 car insurance bill -- normally a lot more than a collision or ticket. Secura drivers usually see a 64% climb in their auto insurance premiums after a DUI charge, while Farmers will generally raise rates by about 27%.

Farmers has the overall lowest prices for drivers with a DUI on their records at $221 a month, but it's worth noting that Farmers's average rates come from 25 states compared to just three for Secura, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Secura Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly insurance rates. This isn't true for everyone (Michigan, for example, has banned the use of credit score as an insurance factor) but it will come into play for several 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 premiums.

So, which carrier offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Secura will typically reward you the most. For drivers with "excellent" credit scores, Secura comes in more than 25.61 less expensive. Drivers with "good" credit scores usually save around 28% with Secura compared to average premiums from Farmers.

Which Company is Best for Drivers with Bad Credit?

Secura typically offers lower rates than Farmers when it comes to drivers with bad credit. Drivers with "fair" credit pay about 29% per month less with Secura compared to Farmers, and those with "poor" scores normally save an average of around 30% per month.

Is Farmers 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 your monthly prices? That's because the fewer miles you put on your car, the less likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Farmers charges. However, there's a small difference in monthly rates for Secura, with policyholders who drive the least paying about $5 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Secura is the more affordable company.

Farmers or Secura: 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 insurance, but the type of area you live in can have a substantial impact as well. Typically, those who live in urban areas will pay more than policyholders in rural areas because of the number of vehicles that are on the roads where they live.

Secura tends to offer the cheapest premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, SECURA Insurance's average rates are around $90 less than Farmers Insurance. People who live in suburban areas pay about $52 less with Secura compared to Farmers. Those in rural areas can expect to save around $31 with Secura compared to Farmers.

Farmers vs. Secura 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.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Farmers and Secura so that you can find the carrier that has the most discounts and, therefore, the largest savings.

Farmers knocks Secura out of the park when it comes to the sheer number of discounts available, offering nine more discounts than Secura.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, discounts for being a good driver, and discounts for insuring multiple cars with the same company. Farmers also offers discounts for ABS, alternative fuel, driver training, and more.

On the other hand, Secura has a few proprietary discounts of their own for things like hybrid vehicle discounts, low income discounts, new vehicle discounts, and more.

Final Thoughts: Is Farmers or Secura Best for You?

You've seen the role certain factors have on your insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the best company for you and your specific profile and needs?

Secura might be best for you if....

• You have less-than-stellar credit.
• You already have a great credit score.
• You drive often but have a short commute.

Farmers might be best for you if...

• You're planning on moving to another state soon -- SECURA Insurance only offers policies in three states.
• Your driving record includes a DUI charge.
• You're looking for discounts -- Farmers has the most.

Hopefully, this guide has ben a valuable resource as you compare Farmers and Secura. We also hope we've given you the information you need to make the best 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 several carriers, not just Farmers and Secura. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance companies in your area, all for free.

Farmers vs. Secura FAQs

Is Farmers 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 $203 for Farmers. Even so, that doesn't mean Secura will be the most affordable carrier for each policyholder, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Farmers or Secura?

Sadly, the answer truly is "it depends.". Neither company is necessarily "better" for every policyholder -- it all boils down to your unique car insurance profile. For example, Secura is more affordable for drivers with excellent credit, while Farmers offers cheaper prices for drivers with a recent DUI.

Why do Farmers and Secura offer me different rates?

Auto insurance companies use a lot of different factors when determining the rates they charge. Things such as where your home is, age, gender, where you call home, and sometimes even things like your credit score can all be used. Both Farmers and Secura use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from several different carriers.

How do I know if Farmers or Secura is right for me?

The only way to find the insurance company 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 auto insurance carriers for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best carrier for you isn't Farmers 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.