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

Quick Facts

• Based on national averages for insurance, Indiana Farmers offers significantly less expensive rates than Indiana Farm Bureau
• Indiana Farm Bureau may help you save more money -- they offer more discounts than Indiana Farmers Insurance
• Indiana Farmers offers more affordable premiums for drivers who have below-average credit

Indiana Farm Bureau or Indiana Farmers: 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 huge savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Indiana Farm Bureau or Indiana Farmers, but which one has more affordable rates for car insurance?

Looking at nationwide averages, Indiana Farm Bureau is quite a bit more expensive than Indiana Farmers, with prices averaging $180 a month compared to just $81 with Indiana Farmers.

But that doesn't mean Indiana Farmers will necessarily be cheaper than Indiana Farm Bureau for every driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, your driving record, where you call home, or even your age (among other things), so premiums will vary quite a bit from person to person.

So, if you want to find out which of Indiana Farm Bureau or Indiana Farmers is really the best for you, keep reading to see average prices for each company broken down by a variety of different rate factors.

Indiana Farm Bureau vs. Indiana Farmers: Average Car Insurance Rates by State

Both Indiana Farm Bureau and Indiana Farmers only offer auto insurance in Indiana, so you'll see that the average figures here will mirror the ones we mentioned above. Indiana Farmers drivers tend to pay about $99 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

Typically, your home state will play a sizable role in how much you pay for insurance, but since both companies only do business in Indiana, several other variables will come into play when you compare Indiana Farm Bureau and Indiana Farmers. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

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 Indiana Farmers for their insurance pay over 70% less than those who use Indiana Farm Bureau.

However, both companies will offer you dramatically lower rates by the time drivers turn 25. For example, average premiums for Indiana Farm Bureau policyholders reduce around $300 and Indiana Farmers's rates decrease about $60 over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? Indiana Farmers gets the edge, with prices for drivers 65 and older $57 more affordable than the national average for Indiana Farm Bureau.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are typically more expensive for single drivers than they are for married couples? That's usually because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average prices between these two carriers is significant, with Indiana Farmers premiums coming in at around half of Indiana Farm Bureau's. The advantage is also clear for married policyholders - Indiana Farmers offers the lowest average rates.

Indiana Farm Bureau or Indiana Farmers: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they run a lower risk of filing a claim with insurance. So, women typically pay less for auto insurance than men.

With Indiana Farm Bureau, women normally pay more than $25 a month less than men, and about $7 less with Indiana Farmers.

When it comes to the cheapest prices for each gender, Indiana Farmers comes out as the lowest option for both genders, with average premiums 56% less for men and 54% cheaper for women.

Indiana Farm Bureau vs. Indiana Farmers: 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 pretty complicated. Everyone needs car insurance, but there are so many different limits and terms that it can be hard to find the right policy for you.

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

Looking specifically at state minimum limits for liability insurance, Indiana Farmers has the significant edge, with average monthly prices coming in at $44. If you want a full coverage policy with the same state minimum limits, Indiana Farmers again has the edge, with policies averaging around $118 per month to Indiana Farm Bureau's $263.

Is Indiana Farm Bureau or Indiana Farmers 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.

Speeding tickets and at-fault accidents will most likely raise your premiums, but is Indiana Farm Bureau or Indiana Farmers cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Indiana Farm Bureau for their insurance can generally expect their monthly bill to go up about 31% after getting a speeding ticket. Indiana Farmers policyholders can expect a less drastic increase of around 17%.

Even so, Indiana Farmers tends to offer the best prices for both drivers who have a recent ticket and those with clean records. With Indiana Farmers Insurance, drivers with a clean record can save about $53 a month and drivers with a speeding ticket can save around $95 per month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Indiana Farm Bureau can expect to see about an $72 -- or around 37% -- rise in their insurance rates. Drivers who use Indiana Farmers for their car insurance will see a monthly bill about $14 (or 17%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, Indiana Farmers offers the cheapest premiums for drivers with an at-fault collision on their records, with average prices coming in at $84 compared to Indiana Farm Bureau Insurance's $195.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your car insurance bill. On average, Indiana Farm Bureau will raise your rates around 45% after a DUI, while Indiana Farmers's average premiums increase by more than 15%.

But if you end up with a DUI charge and are looking for more affordable prices, Indiana Farmers tends to be less expensive for the average driver, with monthly premiums coming in at about $84 to Indiana Farm Bureau's $224.

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

Did you know many insurance companies 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 an insurance factor) but it might come into play for many drivers.

Auto 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 most affordable prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Indiana Farmers will usually reward you the most. For policyholders with "excellent" credit scores, Indiana Farmers comes in over 45.95 cheaper. Drivers with "good" credit scores typically save around 52% with Indiana Farmers compared to average rates from Indiana Farm Bureau.

Which Company is Best for Drivers with Bad Credit?

Indiana Farmers typically offers lower premiums than Indiana Farm Bureau when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 56% a month less with Indiana Farmers compared to Indiana Farm Bureau, and those with "poor" scores normally save an average of around 60% per month.

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

How much you drive can have a substantial impact on your monthly rates. That's because the more milage you put on your car each year, the more likely you are to be in a collision 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 Indiana Farm Bureau charges. However, there's a small difference in monthly prices for Indiana Farmers, with drivers who put 6,000 miles on their vehicle each year paying about $2 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Indiana Farmers is the more affordable company.

Indiana Farm Bureau or Indiana Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a pretty big impact on your monthly insurance cost. Generally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because of the number of cars that are on the roads where they live.

Indiana Farmers tends to offer the lowest premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Indiana Farmers Insurance's average rates are around 53% less than Indiana Farm Bureau Insurance. People who live in suburban areas pay about 58% less with Indiana Farmers compared to Indiana Farm Bureau. Those in rural areas can expect to save around 54% with Indiana Farmers compared to Indiana Farm Bureau.

Indiana Farm Bureau vs. Indiana Farmers 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. That's where car insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging 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.

Luckily, we did the hard work for you and looked at all of the different discounts Indiana Farm Bureau and Indiana Farmers offer their customers so that you can see which carrier can save you the most money each month.

Indiana Farm Bureau knocks Indiana Farmers out of the park when it comes to the sheer number of discounts available, offering seven more discounts than Indiana Farmers.

A couple of those are overlapping for things like discounts for being a good driver, discounts for being a good student, and multi-policy discounts. Indiana Farm Bureau also offers discounts for ABS, agri-business, education, and more.

On the other hand, Indiana Farmers has a few proprietary discounts of their own for things like advance quote discounts, defensive driver discounts, mature driver discounts, and more.

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

So, you've seen how different factors can affect your auto insurance premiums. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right company for you and your specific driver profile?

Indiana Farmers might be best for you if....

• Your driving record contains an at-fault collision.
• You live in an suburban area.
• You have a short drive to work everyday.

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

• You're looking for discounts -- Indiana Farm Bureau has the most.

Hopefully, this guide helps you get a better idea of the difference between Indiana Farm Bureau and Indiana Farmers and that it aids in making a more informed decision about your car 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 Indiana Farm Bureau and Indiana Farmers. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Indiana Farm Bureau vs. Indiana Farmers FAQs

Is Indiana Farm Bureau or Indiana Farmers cheaper?

Indiana Farmers is the less expensive of the two companies when looking at national average rates, with policies averaging $81 per month with Indiana Farmers and $180 for Indiana Farm Bureau. That being said, that doesn't mean Indiana Farmers will be the most affordable carrier for each policyholder, since there are a bunch of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Indiana Farm Bureau or Indiana Farmers?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

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

Insurance carriers use quite a few different factors when calculating the prices they charge. Variables like where you park your vehicle, gender, age, where you live, and sometimes even things like your credit score can all come into play. Both Indiana Farm Bureau and Indiana Farmers calculate rates differently, 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 Indiana Farm Bureau or Indiana Farmers is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Indiana Farm Bureau or Indiana Farmers 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.