Georgia Farm Bureau vs. Nationwide: Which Company is the Best Fit for You?

Quick Facts

• In general, Georgia Farm Bureau offers cheaper rates than Nationwide
• Georgia Farm Bureau offers more affordable average premiums for policyholders who drive a short distance to work everyday
• Nationwide may help you save more money -- they offer more discounts than Georgia Farm Bureau Insurance

Georgia Farm Bureau or Nationwide: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Georgia Farm Bureau or Nationwide for your next policy, but between the two, which carrier will save you the most?

As you can see, Nationwide has average rates that are around 15% a month more expensive than those from Georgia Farm Bureau when looking at the national average rates for car insurance.

Even so, Georgia Farm Bureau may not be the lowest or best option for every single driver out there. Auto insurance carriers use tons of complex algorithms to determine rates, so depending on how good your credit score is or how old you are (among quite a few other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average prices from both Georgia Farm Bureau and Nationwide by several different rate factors, so read on to find out which company is the best for you.

Georgia Farm Bureau vs. Nationwide: Average Car Insurance Rates by State

Georgia Farm Bureau and Nationwide only compete against each other in Georgia, where Georgia Farm Bureau offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their car insurance.

That being said, there are plenty of other factors that go into your insurance payment than just the state you live in. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

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

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Georgia Farm Bureau for their auto insurance pay over 30% less than those who use Nationwide.

But both companies will offer you dramatically lower prices once you turn 25. For example, average premiums for Georgia Farm Bureau policyholders drop almost 50% and Nationwide's prices decrease more than 60% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best rates to retired drivers? Georgia Farm Bureau gets the slight edge, with prices for drivers 65 and older about 6% less expensive than the national average for Nationwide.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more affordable for married drivers than they are for those who are single. That's because policies for married couples generally cover multiple vehicles, which lots of carriers will give you a discount for.

For single drivers, the difference in average premiums between these two companies is significant, with Georgia Farm Bureau prices coming in at a quarter less than Nationwide's. It's not quite so glaring for married policyholders, where drivers who use Georgia Farm Bureau save nearly 10% a month.

Georgia Farm Bureau or Nationwide: Average Rates by Gender

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

Women usually pay around 1% per month less than men with Georgia Farm Bureau, but with Nationwide, the difference is closer to 7% a month.

When it comes to the cheapest premiums for each gender, Georgia Farm Bureau offers the most affordable average prices for both men and women. On average, women save about $21 per month and men save about $31 with Georgia Farm Bureau compared to the average Nationwide policyholder.

Georgia Farm Bureau vs. Nationwide: 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 multiple different coverages that account for many 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.

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 and their 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 limits for liability insurance, Georgia Farm Bureau has the edge, with average monthly rates coming in at $91. If you want a full coverage policy with the same state minimum limits, Georgia Farm Bureau again has the edge, with policies averaging around $197 a month to Nationwide's $229.

Is Georgia Farm Bureau or Nationwide 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.

It's no secret secret that speeding tickets and at-fault accidents lead to higher prices, but which company -- Georgia Farm Bureau or Nationwide -- has the cheapest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Georgia Farm Bureau car insurance policies don't report seeing their premiums increase after getting a ticket, but Nationwide policyholders can expect to see their monthly bill increase by.

However, Georgia Farm Bureau has less expensive prices for drivers in both categories, offering premiums that are $11 and $35 cheaper, respectively, compared to Nationwide.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Georgia Farm Bureau can expect to see about an $19 -- or around 14% -- rise in their insurance rates. Drivers who use Nationwide for their auto insurance will see a monthly bill about $53 (or 30%) more expensive after reporting a collision to their car insurance carrier.

At the end of the day, drivers who use Georgia Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $133 compared to Nationwide's $178.

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 speeding ticket when it comes to your insurance bill. On average, Nationwide will climb your rates around 46% after a DUI, while Georgia Farm Bureau's average premiums increase by more than 45%.

How does Credit Score Impact Georgia Farm Bureau and Nationwide Rates?

Did you know many car insurance carriers take into account your credit score when determining rates? This isn't true for everyone (Michigan, for example, has banned the use of credit score as a car insurance factor) but it might come into play for many drivers.

Auto insurance companies 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 less expensive premiums.

So, which company offers the lowest prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Georgia Farm Bureau or Nationwide 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 your monthly rates. Normally, the more milage you put on your vehicle each year, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Georgia Farm Bureau charges. However, there's a small difference in monthly premiums for Nationwide, with policyholders who drive 6,000 miles yearly paying about $1 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Georgia Farm Bureau is the cheaper carrier.

Georgia Farm Bureau or Nationwide: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can play a pretty big role in how much you pay for car insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers since there are a lot fewer vehicles on the road where they live, which lowers the chances of an accident.

Georgia Farm Bureau tends to offer the most affordable prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Georgia Farm Bureau Insurance's average premiums are around 25% less than Nationwide. People who live in suburban areas pay about 8% less with Georgia Farm Bureau compared to Nationwide. Those in rural areas can expect to save around 10% with Georgia Farm Bureau compared to Nationwide.

Georgia Farm Bureau vs. Nationwide 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 taking advantage of as many insurance discounts as possible.

The difficult part is finding all of the discounts you qualify for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Georgia Farm Bureau and Nationwide so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Nationwide blows Georgia Farm Bureau away when it comes to the sheer amount of discounts available, offering 22 different discounts to Georgia Farm Bureau's 11.

Both carriers offer lots of the same discounts -- like discounts for getting driver training, discounts for being a good driver, and paperless discounts -- but Nationwide also offers discounts for advance quote, agency transfer, distant student, and more.

On the other hand, Georgia Farm Bureau has a few proprietary discounts of their own for things like ABS discounts, multi-car discounts, and paid in full discounts.

Final Thoughts: Is Georgia Farm Bureau or Nationwide Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which carrier is the right fit for you?

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

• You want to save money on your auto insurance after an accident.
• Your credit score is high.
• You're of retirement age and want to take advantage of lower prices.

Nationwide might be best for you if...

• You are considering moving to another state -- undefined only offers policies in.
• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Georgia Farm Bureau and Nationwide and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several carriers, not just Georgia Farm Bureau and Nationwide. 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.

Georgia Farm Bureau vs. Nationwide FAQs

Is Georgia Farm Bureau or Nationwide cheaper?

Georgia Farm Bureau is the more affordable of the two carriers when looking at national average rates, with policies averaging $144 per month with Georgia Farm Bureau and $170 for Nationwide. That being said, that doesn't mean Georgia Farm Bureau will be the lowest carrier for everyone, since there are a bunch of different variables that come into play when it comes to your car insurance cost.

Who is better, Georgia Farm Bureau or Nationwide?

Unfortunately, the answer truly is "it depends.". No one company is necessarily "better" for every policyholder -- it all comes down to what your unique auto insurance profile looks like. For example, Nationwide is less expensive for drivers who have less-than-stellar credit scores, while Georgia Farm Bureau offers more affordable premiums for drivers with an at-fault accident on their record.

Why do Georgia Farm Bureau and Nationwide offer me different rates?

Car insurance companies use quite a few different factors when calculating the rates they charge. Variables such as where your home is, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Georgia Farm Bureau and Nationwide calculate prices using different factors, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Georgia Farm Bureau or Nationwide 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't Georgia Farm Bureau or Nationwide 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.