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

Quick Facts

• In general, Indiana Farm Bureau offers significantly more affordable rates than Motorists
• Indiana Farm Bureau offers less expensive average premiums for policyholders whose driving record contains an at-fault collision
• Indiana Farm Bureau tends to be a much cheaper option for policyholders who drive fewer than 6,000 miles yearly

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

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Indiana Farm Bureau or Motorists as your top options, but between the two, which one will offer you less expensive prices?

Looking at the national average rates for both carriers, Indiana Farm Bureau is quite a bit cheaper than Motorists, with rates averaging $180 a month compared to $251 with Motorists.

That being said, Indiana Farm Bureau may not be the lowest or best option for each driver out there. Auto insurance companies vary their premiums depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and a ton of other factors. So, at the end of the day, prices from every company will differ quite a bit from person to person.

Luckily, we've broken down average rates from both Indiana Farm Bureau and Motorists by a bunch of different rate factors, so read on to find out which carrier is the best for you.

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

Indiana Farm Bureau and Motorists only compete against each other in Indiana, where Motorists offers the cheaper average premiums. Motorists drivers tend to pay about $41 per month less on average compared to drivers who use Indiana Farm Bureau for their insurance.

That being said, there are plenty of other factors that go into your auto insurance cost than just where you call home. Keep reading to learn more.

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. That's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Motorists save 7% a month compared to those who use Indiana Farm Bureau.

Even so, both carriers will drop premiums by the time drivers turn 25. For example, average prices for Indiana Farm Bureau policyholders reduce around $300 and Motorists's rates lower almost $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable insurance prices you'll ever find. After all, they've likely been driving for quite some time, which generally reduces their chances of collisions and other infractions that can raise premiums.

But who has the best prices for retired drivers between Indiana Farm Bureau and Motorists? Indiana Farm Bureau gets the edge, with premiums for drivers 65 and older nearly 45% cheaper than the national average for Motorists.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for single drivers than they are for married policyholders. That's because policies for married drivers typically cover multiple vehicles, which quite a few companies will give you a discount for.

For those who are single, the difference in average premiums between these two carriers is significant, with Indiana Farm Bureau prices coming in at a quarter less than Motorists's. The advantage for married couples with Indiana Farm Bureau is also obvious, where drivers save almost 40% per month.

Indiana Farm Bureau or Motorists: Average Rates by Gender

You may not know, but insurance is usually more expensive for men than for women. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher rates.

With Indiana Farm Bureau, women generally pay about $25 a month less than men, and over $10 cheaper with Motorists when compared to their male counterparts.

When it comes to the cheapest prices for each gender, Indiana Farm Bureau comes out as the most affordable option for both genders. On average, women save about $78 per month and men save around $64 with Indiana Farm Bureau compared to the average Motorists policyholder.

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

However, the 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 a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability).

Looking specifically at state minimum limits for liability insurance, Indiana Farm Bureau has the 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 about $263 a month to Motorists's $379.

Is Indiana Farm Bureau or Motorists 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.

Speeding tickets and at-fault accidents will most likely raise your prices, but is Indiana Farm Bureau or Motorists more affordable for drivers with less-than-perfect 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 around 31% after getting a speeding ticket. Motorists policyholders can expect a less drastic increase of about 10%.

That being said, Indiana Farm Bureau has less expensive rates for drivers in both categories. With Indiana Farm Bureau Insurance, drivers with a clean record can save around $46 per month and drivers with a ticket can save about $8 a month.

Which Company is Best for Drivers After an Accident?

Indiana Farm Bureau drivers who get in an accident can expect to see their premiums climb by over 35%, while those who have insurance through Motorists will see around a 20% increase.

At the end of the day, Indiana Farm Bureau offers the cheapest prices for drivers with an at-fault accident on their records, with average premiums coming in at $195 compared to Motorists Insurance Group's $206.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. For example, Motorists increases average rates by more than $250 per month -- that's more than a 60% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Indiana Farm Bureau tends to be cheaper for the average driver, with monthly premiums coming in at about $224 to Motorists's $442.

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

Did you know many auto insurance carriers take your credit score into account when determining prices? This isn't true for everyone (for example, Massachusetts and California are two states that ban the practice entirely), but it will come into play for several policyholders.

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, drivers with good credit will often be rewarded with more affordable rates.

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

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Indiana Farm Bureau will usually reward you the most. For drivers with "excellent" credit scores, Indiana Farm Bureau comes in over 30.19 less expensive. Drivers with "good" credit scores generally save around 24% with Indiana Farm Bureau compared to average rates from Motorists.

Which Company is Best for Drivers with Bad Credit?

Indiana Farm Bureau typically offers lower premiums than Motorists when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 22% a month less with Indiana Farm Bureau compared to Motorists, and those with "poor" scores typically save an average of around 33% monthly.

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

Did you know that the amount of time you spend in your car have a considerable impact on your monthly prices? Normally, those who drive fewer miles will end up with cheaper rates 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 premiums for Motorists, with policyholders who drive 6,000 miles annually paying about $10 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Indiana Farm Bureau is the more affordable carrier.

Indiana Farm Bureau or Motorists: 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 large impact as well. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

Indiana Farm Bureau tends to offer the cheapest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

In urban areas, Indiana Farm Bureau's average rates are around $187 while Motorists offers premiums about $286. Drivers in suburban ZIP codes pay a monthly price of around $197 with Indiana Farm Bureau compared to $215 with Motorists. If you live in a rural area, you can expect to pay about $156 per month with Indiana Farm Bureau compared to Motorists's $252.

Indiana Farm Bureau vs. Motorists Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

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

Overall, Indiana Farm Bureau comes out ahead with 15 discounts to Motorists's 14.

A couple of those are overlapping for things like life policy discounts, paid in full discounts, and passive restraint discounts. Indiana Farm Bureau also offers discounts for agri-business, education, employee discount, and more.

On the other hand, Motorists has a few proprietary discounts of their own for things like advance quote discounts, anti-theft discounts, defensive driver discounts, and more.

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

You've seen the effect certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, is Indiana Farm Bureau or Motorists the best carrier for you and your specific driver profile?

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

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• You want the most robust protection via a "full coverage" policy.
• You live in an suburban area.

Motorists might be best for you if...

• You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide has ben a valuable resource as you compare Indiana Farm Bureau and Motorists. We also hope we've given you the information you need to make the best decision about your insurance.

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

Indiana Farm Bureau vs. Motorists FAQs

Is Indiana Farm Bureau or Motorists cheaper?

Indiana Farm Bureau is the cheaper of the two companies when looking at national average prices, with policies averaging $180 per month with Indiana Farm Bureau and $251 for Motorists. But that doesn't mean Indiana Farm Bureau will be the lowest carrier for each driver, since there are several different factors that come into play when it comes to your insurance payment.

Who is better, Indiana Farm Bureau or Motorists?

Unfortunately, the real answer is "it depends.". No one company is necessarily "better" for every policyholder -- it all boils down to your unique car insurance profile.

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

Auto insurance carriers use many different variables when calculating the rates they charge. Things such as age, gender, your driving record, where you park your car, and sometimes even things like your credit score can all be used. Both Indiana Farm Bureau and Motorists calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which carrier 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 Motorists is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several 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. With those, you can guarantee you're getting the lowest premium. And maybe you'll find that the best carrier for you isn't Indiana Farm Bureau or Motorists 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.