Idaho Farm Bureau vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Idaho Farm Bureau offers significantly less expensive rates than Travelers
• Idaho Farm Bureau offers more affordable average premiums for couples purchasing insurance together
• Travelers has cheaper prices for drivers with a DUI charge on their record

Idaho Farm Bureau vs. Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You might have narrowed it down to Idaho Farm Bureau or Travelers, but between the two, which one has less expensive premiums for auto insurance?

Looking at the national average rates for both companies, Travelers is about $40 more per month than Idaho Farm Bureau.

That being said, that doesn't mean Idaho Farm Bureau will necessarily be more affordable than Travelers for every single driver. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like your credit score, your driving record, where you call home, or even your age (among other things), so rates will vary quite a bit from person to person.

Luckily, we've broken down average premiums from both Idaho Farm Bureau and Travelers by a variety of different rate factors, so read on to find out which company is the best for you.

Idaho Farm Bureau or Travelers: Average Car Insurance Rates by State

Idaho Farm Bureau and Travelers only compete against each other in Idaho, where Travelers offers the cheaper average rates. For Idaho residents, Travelers offers insurance for $86 a month on average. Idaho Farm Bureau's average prices come out to be over 40% more expensive, at $127 per month.

That being said, there are plenty of other factors that go into your car insurance payment than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. Usually, that's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Idaho Farm Bureau for their auto insurance pay $100 less than those who use Travelers.

But both companies will decrease premiums by the time you turn 25. For example, average prices for Idaho Farm Bureau policyholders reduce more than 50% and Travelers's rates drop over 60% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Idaho Farm Bureau and Travelers? Idaho Farm Bureau gets the edge, with rates for drivers 65 and older nearly 30% cheaper than the national average for Travelers.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly less expensive auto insurance prices than single policyholders. This usually boils down to married couples having multiple cars on their policy -- something many car insurance carriers will reward with discounts.

When it comes to relationship status, Idaho Farm Bureau is the clear winner for those who are single, with premiums around $45 a month cheaper than Travelers, on average. The advantage for married drivers with Idaho Farm Bureau is also obvious, where drivers save almost $35 per month.

Idaho Farm Bureau vs. Travelers: Average Rates by Gender

Did you know women usually pay less for insurance than men? This is because women are less likely to get into collisions and get speeding tickets, which decreases the chances of an insurance claim.

On average, women see rates about $10 a month more affordable with Idaho Farm Bureau, while with Travelers, the difference is closer to $11 per month.

Looking at the data for each carrier specifically, Idaho Farm Bureau comes out on top for both men and women. On average, women save about $38 a month and men save around $40 with Idaho Farm Bureau compared to the average Travelers policyholder.

Idaho Farm Bureau or Travelers: 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.

For most people, auto insurance can be pretty complicated. There are a range of different coverages that account for many 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.

The two 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 normally refers to having comprehensive and collision coverages in addition to what you get with a liability policy).

If you're looking for state minimum liability insurance, Idaho Farm Bureau generally offers significantly less expensive prices of $66 compared to Travelers's $108. When it comes to full coverage policies with similar limits, Idaho Farm Bureau again has the edge, with policies about $35 per month more affordable than Travelers, on average.

Is Idaho Farm Bureau or Travelers Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Tickets and at-fault collisions will most likely raise your prices, but is Idaho Farm Bureau or Travelers cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Idaho Farm Bureau car insurance policies don't report seeing their premiums increase after getting a ticket, but Travelers policyholders can expect to see their monthly bill increase by around $30.

However, Idaho Farm Bureau is typically the more affordable option for drivers both with a ticket and with a clean record, offering rates that are $37 and $69 cheaper, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Idaho Farm Bureau can expect to see about an $29 -- or around 24% -- increase in their car insurance prices. Drivers who use Travelers for their insurance will see a monthly bill about $45 (or 26%) more expensive after reporting an accident to their car insurance company.

Overall, Idaho Farm Bureau offers the lowest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $120 compared to Travelers's $173.

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 insurance bill -- generally a lot more than a collision or speeding ticket. On average, Idaho Farm Bureau will increase your prices around 56% after a DUI, while Travelers's average rates increase by just under 40%.

How does Credit Score Impact Idaho Farm Bureau and Travelers Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating premiums? This isn't always the case (Michigan, for example, has banned the use of credit score as a rating factor) but it will come into play for several policyholders.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which increases the risk involved on their end, while the opposite is true for those with good credit.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Idaho Farm Bureau or Travelers 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 how much insurance carriers will charge for coverage. Normally, those who drive less will end up with less expensive premiums since there's less of a chance of getting into an accident and causing an insurance claim.

Idaho Farm Bureau tends to be the more affordable option for both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure. Travelers average rates for drivers with 6,000 annual miles come in about $45 more expensive than Idaho Farm Bureau. Those who drive 12,000 miles annually can expect to pay around $34 more with Travelers over Idaho Farm Bureau.

Idaho Farm Bureau vs. Travelers: 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 auto insurance, but the type of area you live in can have a considerable impact as well. Usually, those who live in urban areas will pay more than policyholders in rural areas because there are a lot more vehicles on the roads in those areas.

When comparing these two companies side-by-side, Idaho Farm Bureau tends to offer the lowest option for drivers in urban and suburban areas, while Travelers wins in rural areas.

In urban areas, Idaho Farm Bureau's average prices are about $118 while Travelers offers premiums around $204. Drivers in suburban ZIP codes pay a monthly price of about $125 with Idaho Farm Bureau compared to $160 with Travelers. Those in rural areas can expect to pay around $136 monthly with Travelers and $139 with Idaho Farm Bureau.

Idaho Farm Bureau vs. Travelers Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many insurance discounts as you can.

The difficult 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.

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

Travelers knocks Idaho Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 25 different discounts to Idaho Farm Bureau's 25.

A couple of those are overlapping for things like discounts for being a defensive driver and discounts for being a good student. Travelers also offers ABS discounts, advance quote discounts, alternative fuel discounts, and more that Idaho Farm Bureau does not.

Idaho Farm Bureau's discounts come through just two categories -- Defensive Driver and Good Student.

Final Thoughts: Is Idaho Farm Bureau or Travelers Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've shown you all the discounts each company offers, too. But, at the end of the day, is Idaho Farm Bureau or Travelers the right carrier for you and your specific driver profile?

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

• You've received a ticket for speeding recently and don't want to see your rates climb.
• Your credit score is high.
• You are purchasing your car insurance with a spouse.

Travelers might be best for you if...

• You have a DUI charge on your record.
• You're looking for discounts -- Travelers has the most.
• You live in a rural area.

We hope this guide helps you get a good idea of the differences between Idaho Farm Bureau and Travelers and that it aids in making a more informed decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just Idaho Farm Bureau and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Idaho Farm Bureau vs. Travelers FAQs

Is Idaho Farm Bureau or Travelers cheaper?

Looking just at the national average premiums, Idaho Farm Bureau is the less expensive of the two carriers, offering average rates of $127 a month compared to $167 for Travelers. But Idaho Farm Bureau won't necessarily be the most affordable carrier for every policyholder, since there are a bunch of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Idaho Farm Bureau or Travelers?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for each driver -- it all depends on the makeup of your unique insurance profile. For example, Travelers offers cheaper rates for drivers with a recent DUI, while Idaho Farm Bureau is more affordable for drivers with excellent credit.

Why do Idaho Farm Bureau and Travelers offer me different rates?

Car insurance companies take a look at lots of different factors when determining the prices they charge drivers. Variables like where you call home, gender, where your home is, age, and sometimes even things like your credit score can all be used. Both Idaho Farm Bureau and Travelers calculate rates differently, so each one will most likely offer different prices. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Idaho Farm Bureau or Travelers is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from several 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 ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the cheapest rate. And who knows, the best carrier for you might not be Idaho Farm Bureau or Travelers 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.