Foremost vs. Texas Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Texas Farm Bureau offers significantly more affordable prices than Foremost
• Foremost may help you save more money -- they offer more discounts than Texas Farm Bureau Insurance
• Texas Farm Bureau tends to be a much less expensive option for policyholders whose driving record contains an at-fault collision

Foremost or Texas Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Foremost or Texas Farm Bureau as potential options, but between the two, which company will save you the most?

Looking at the national average rates for both carriers, Foremost has average rates that are around 50% a month more expensive than those from Texas Farm Bureau.

That being said, Texas Farm Bureau may not be the cheapest or best option for each driver out there. Car insurance companies vary their premiums depending on things like how clean your driving record is, where you live, how old you are, how good your credit score is, and tons of other factors, so rates will change quite a bit from person to person.

Wanting to know if Foremost or Texas Farm Bureau is really the right carrier for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Foremost vs. Texas Farm Bureau: Average Car Insurance Rates by State

Foremost and Texas Farm Bureau only compete against each other in Texas, where Texas Farm Bureau offers the cheaper average prices. Texas Farm Bureau drivers tend to pay about $98 per month less on average compared to drivers who use Foremost for their insurance.

But there's more to calculating auto insurance premiums than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for car insurance than any group on the road. It'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.

However, that doesn't mean teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Texas Farm Bureau for their insurance pay almost 60% less than those who use Foremost.

Even so, both carriers will offer you dramatically lower rates by the time you turn 25. Texas Farm Bureau offers the steepest decrease, with 25-year-olds paying a third less what 18-year-old drivers are charged. Foremost's average prices reduce over 60% during that same period.

Which is the Best Company for Retired Drivers?

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

When looking at Foremost and Texas Farm Bureau specifically, which company is best for retired drivers? Texas Farm Bureau gets the edge, with rates for drivers 65 and older $117 cheaper than the national average for Foremost.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are usually more expensive for single drivers than they are for married drivers? That's because policies for married policyholders typically cover multiple vehicles, which a lot of companies will give you a discount for.

For single policyholders, the difference in average prices between these two carriers is significant, with Texas Farm Bureau rates coming in at about half of Foremost's. The advantage for married couples with Texas Farm Bureau is also obvious, where drivers save nearly 50% a month.

Foremost or Texas Farm Bureau: Average Rates by Gender

Did you know women normally pay less for auto insurance than men? That's because women are less likely to get speeding tickets and get into collisions, which decreases the chances of filing a claim with insurance.

Usually, women see premiums around $4 per month more affordable with Foremost, and about $17 less with Texas Farm Bureau.

When it comes to the cheapest rates for each gender, Texas Farm Bureau comes out on top for both men and women. On average, women save about $137 a month and men save around $124 with Texas Farm Bureau compared to the average Foremost policyholder.

Foremost vs. Texas 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 insurance can be a complicated subject for most people. There are so many different terms and limits 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 bodily injury and property damage for other drivers if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, Texas Farm Bureau has the significant edge, with average monthly prices coming in at $87. If you want a full coverage policy with the same state minimum limits, Texas Farm Bureau again has the edge, with policies averaging about $192 per month to Foremost's $366.

Is Foremost or Texas Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car 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.

It's no secret secret that at-fault collisions and speeding tickets lead to higher prices, but which carrier -- Foremost or Texas Farm Bureau -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Texas Farm Bureau auto insurance policies don't report seeing their prices increase after getting a ticket, but Foremost policyholders can expect to see their monthly bill increase by around 20%.

But Texas Farm Bureau tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering premiums that are $131 and $187 less expensive, respectively, compared to Foremost Insurance Group.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Foremost can expect to see about an $179 -- or around 47% -- rise in their car insurance rates. Drivers who use Texas Farm Bureau for their auto insurance will see a monthly bill about $43 (or 38%) more expensive after reporting an accident to their car insurance company.

At the end of the day, Texas Farm Bureau offers the most affordable premiums for drivers with an at-fault accident on their records, with average rates coming in at $114 compared to Foremost Insurance Group's $381.

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. Texas Farm Bureau drivers usually see a 76% increase in their car insurance prices after a DUI charge, while Foremost will usually raise rates by around 15%.

But if you end up with a DUI charge and are looking for more affordable premiums, Foremost tends to be cheaper for the average driver, with monthly premiums coming in at about $238 to Texas Farm Bureau's $300.

How does Credit Score Impact Foremost and Texas Farm Bureau Rates?

You may not have known, but your credit score can come into play when carriers determine your monthly bill. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it does affect quite a few drivers out there.

Insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, Texas Farm Bureau will generally reward you the most. For policyholders with "excellent" credit scores, Texas Farm Bureau comes in nearly 74.15 more affordable. Drivers with "good" credit scores typically save around 59% with Texas Farm Bureau compared to average rates from Foremost.

Which Company is Best for Drivers with Bad Credit?

Texas Farm Bureau typically offers lower premiums than Foremost when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 47% a month less with Texas Farm Bureau compared to Foremost, and those with "poor" scores usually save an average of around 21% per month.

Is Foremost or Texas Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on your monthly auto insurance bill. Generally, the more milage you drive, the more you can expect to pay for insurance.

In this case, neither Foremost or Texas Farm Bureau report increasing prices for drivers with higher annual mileage figures. That being said, Texas Farm Bureau comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car every year, with average premiums of $139 per month for both.

Foremost or Texas Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a large impact on your monthly auto insurance cost. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Texas Farm Bureau boasts the most affordable average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to pay about $132 monthly with Texas Farm Bureau and $205 with Foremost. People in suburban areas pay around $128 with Texas Farm Bureau compared to Foremost's $287 a month. For drivers in urban ZIP codes, Texas Farm Bureau's average rates are about $158 while Foremost offers prices around $318.

Foremost vs. Texas Farm Bureau Discounts

No matter 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 you can, and the best way to do that is by utilizing as many car insurance discounts as possible.

The difficult part is finding all of the discounts you're eligible for, 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 Foremost and Texas Farm Bureau so that you can find the carrier that has the most discounts and, therefore, the largest savings.

Foremost blows Texas Farm Bureau away when it comes to the sheer amount of discounts available, offering 12 different discounts to Texas Farm Bureau's six.

There are a couple discounts both companies offer, but Foremost also offers discounts for advance quote, anti-theft, defensive driver, and more.

On the other hand, Texas Farm Bureau has a few proprietary discounts of their own for things like academic discounts, driver training discounts, multi-car discounts, and more.

Final Thoughts: Is Foremost or Texas Farm Bureau Best for You?

You've seen the role certain variables have on your insurance and the different discounts carriers offer. But, at the end of the day, which company is the right one for you and your specific needs?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You have above-average credit.
• You and your spouse are buying car insurance together.

Foremost might be best for you if...

• Your driving record includes a DUI charge.
• You care about discounts (Foremost offers the most).

Hopefully, this guide helps you get a better idea of the difference between Foremost and Texas Farm Bureau and that it aids in making a more informed decision about your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Foremost and Texas Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Foremost vs. Texas Farm Bureau FAQs

Is Foremost or Texas Farm Bureau cheaper?

Texas Farm Bureau is the cheaper of the two companies when looking at national average premiums, with policies averaging $139 a month with Texas Farm Bureau and $270 for Foremost. However, that doesn't mean Texas Farm Bureau will be the lowest carrier for everyone, since there are several different factors that are considered when it comes to your auto insurance payment.

Who is better, Foremost or Texas Farm Bureau?

Sadly, the answer truly is "it depends.". Neither company is necessarily "better" for everyone -- it all boils down to your unique insurance profile. For example, Texas Farm Bureau is less expensive for drivers with excellent credit, while Foremost offers cheaper rates for drivers with a recent DUI.

Why do Foremost and Texas Farm Bureau offer me different rates?

Auto insurance carriers use many different variables when determining the premiums they charge. Factors such as gender, age, your driving record, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Foremost and Texas Farm Bureau calculate prices using 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 lots of different companies.

How do I know if Foremost or Texas Farm Bureau is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best carrier for you isn't Foremost or Texas Farm Bureau 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.