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

Quick Facts

• In general, Indiana Farm Bureau offers significantly more affordable premiums than Metlife
• Indiana Farm Bureau has cheaper prices for residents of suburban areas
• Metlife may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance

Indiana Farm Bureau or Metlife: Which Company has the Cheapest Car Insurance?

Are you considering 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've maybe even narrowed your search down to Indiana Farm Bureau or Metlife as potential options, but which carrier will offer you less expensive premiums?

Looking at nationwide averages, Indiana Farm Bureau is quite a bit cheaper than Metlife, with rates averaging $180 a month compared to $340 with Metlife.

That being said, that doesn't mean Indiana Farm Bureau will necessarily be cheaper than Metlife for every driver. Auto insurance carriers vary their prices depending on things like how clean your driving record is, where you live, how old you are, how good your credit score is, and a variety of other factors, so premiums will change quite a bit from person to person.

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

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

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

There are plenty of other factors that go into your auto insurance bill than just your home state. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any other group of drivers. That's typically because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 55% less a month by choosing Indiana Farm Bureau over Metlife.

Even so, with both companies, you'll see your prices drop significantly once you turn 25. For example, average premiums for Indiana Farm Bureau policyholders lower around $300 and Metlife's rates decrease about $500 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the cheapest auto insurance prices 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 rates.

So, which carrier offers the best prices to retired drivers? Indiana Farm Bureau gets the edge, with premiums for drivers 65 and older $81 less expensive than the national average for Metlife.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single drivers than they are for married couples. That's normally 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 rates between these two carriers is significant, with Indiana Farm Bureau premiums coming in at around half of Metlife's. For married policyholders, the advantage is clear again - Indiana Farm Bureau has the edge when it comes to average rates.

Indiana Farm Bureau or Metlife: Average Rates by Gender

Because women are less likely to get into collisions and get speeding tickets, they have a decreased chance of filing a claim with insurance. So, insurance companies will tend to offer women more affordable premiums.

Men generally pay more than $25 per month more than women with Indiana Farm Bureau, but with Metlife, the difference is closer to $28 a month.

When it comes to the lowest prices for each gender, Indiana Farm Bureau comes out on top for both men and women. On average, male drivers save about $161 per month and women save about $159 with Indiana Farm Bureau compared to the average Metlife policyholder.

Indiana Farm Bureau vs. Metlife: 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.

Insurance isn't the easiest topic to understand. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

But most 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 includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability coverage).

Looking specifically at state minimum liability insurance, Indiana Farm Bureau has the significant edge, with average monthly rates coming in at $97. If you want a full coverage policy with the same state minimum limits, Indiana Farm Bureau again has the edge, with policies averaging around $263 a month to Metlife's $466.

Is Indiana Farm Bureau or Metlife 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 accidents will most likely raise your premiums, but is Indiana Farm Bureau or Metlife more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Indiana Farm Bureau for their car insurance can normally expect their monthly bill to go up about 31% after getting a speeding ticket. Metlife policyholders can expect a less drastic increase of around 21%.

However, Indiana Farm Bureau is typically the less expensive option for both drivers who have clean records and those with a recent ticket, offering prices that are 44% and 36% cheaper, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Both carriers will increase rates pretty significantly if you get into an at-fault collision with Metlife raising by about 40%. Indiana Farm Bureau has a less extreme rise, but you can still expect to pay more than 35% more than you were prior to your first accident.

At the end of the day, the more affordable prices come from Indiana Farm Bureau, with average premiums coming in at $195 compared to MetLife's $368.

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. For example, Metlife increases average rates by more than $250 per month -- that's over a 55% increase.

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

Did you know many car insurance companies take your credit score into account when determining premiums? Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it does affect several drivers out there.

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

So, which company offers the best prices for policyholders 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 Indiana Farm Bureau or Metlife 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. Usually, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing 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 rates for Metlife, with drivers who put 6,000 miles on their vehicle annually paying around $3 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Indiana Farm Bureau is the more affordable carrier.

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

Where you park your car can have a pretty big impact on your monthly auto insurance cost. Normally, those who live in rural areas will pay less than drivers in urban areas because of the small number of vehicles that are on the roads where they live.

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

Those in rural areas can expect to save about $143 with Indiana Farm Bureau compared to Metlife. People who live in suburban areas pay around $136 less with Indiana Farm Bureau compared to Metlife. For policyholders in urban ZIP codes, Indiana Farm Bureau Insurance's average rates are about $202 less than MetLife.

Indiana Farm Bureau vs. Metlife Discounts

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

But with what seems like a million different discounts out there, it can be hard to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and compared all of the different discounts offered by Indiana Farm Bureau and Metlife so that you can find the company that has the most discounts and, therefore, the largest savings.

Metlife knocks Indiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 36 different discounts to Indiana Farm Bureau's 36.

There are a couple discounts both companies offer, but Metlife also offers discounts for AAA, academic, agency transfer, and more.

On the other hand, Indiana Farm Bureau has a few proprietary discounts of their own for things like agri-business discounts, education discounts, paid in full discounts, and more.

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

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

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

• You have a clean record.
• You're looking for the best prices on liability only coverage.
• You want to save money while purchasing car insurance for a teenager.

Metlife might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You're looking for discounts -- Metlife has the most.

Hopefully, this guide helps you get a better idea of the difference between Indiana Farm Bureau and Metlife. We also hope we've given you the information you need to make the best decision when it comes to your auto insurance.

At the end of the day, the best 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 Metlife. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Indiana Farm Bureau vs. Metlife FAQs

Is Indiana Farm Bureau or Metlife cheaper?

Indiana Farm Bureau is the less expensive of the two companies when looking at national average rates, with policies averaging $180 a month with Indiana Farm Bureau and $340 for Metlife. Even so, that doesn't mean Indiana Farm Bureau will be the cheapest company for everyone, since there are many different variables that are considered when it comes to your auto insurance payment.

Who is better, Indiana Farm Bureau or Metlife?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for every policyholder -- it all depends on what your unique car insurance profile looks like.

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

Auto insurance carriers use lots of different factors when calculating the premiums they charge. Things like gender, age, your driving record, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farm Bureau and Metlife use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the most affordable for you is by comparing personalized quotes from lots of different companies.

How do I know if Indiana Farm Bureau or Metlife is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Indiana Farm Bureau or Metlife 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.