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

Quick Facts

• Looking at the national averages for insurance, Indiana Farm Bureau offers more affordable premiums than National Mutual
• Indiana Farm Bureau offers less expensive average prices for policyholders who live in suburban areas
• National Mutual may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance

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

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering pretty big savings. But exactly how much can you save by switching?

You might have narrowed your search down to Indiana Farm Bureau or National Mutual as potential options, but between the two, which one has cheaper premiums for car insurance?

Looking at the national average rates for both carriers, National Mutual has average rates that are around 10% a month more expensive than those from Indiana Farm Bureau.

Even so, Indiana Farm Bureau may not be the most affordable or best option for each driver out there. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like where you call home, your age, your driving record, or even your credit score (among other things), so rates could change drastically from person to person.

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

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

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

That being said, there's a lot more that goes into your car insurance payment than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any other group of drivers out there on the road. Typically, that's 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 rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Indiana Farm Bureau for their auto insurance pay over 7% less than those who use National Mutual.

That being said, both carriers will reduce prices once you turn 25. National Mutual offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Indiana Farm Bureau still has the lowest premiums at $146 a month.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for auto insurance.

But who has the best rates for retired drivers between Indiana Farm Bureau and National Mutual? Indiana Farm Bureau gets the slight edge here, with average prices coming in at about $124 per month compared to National Mutual's $134.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive car insurance premiums than married drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something several auto insurance companies will reward with discounts.

For single drivers, the difference in average rates between these two carriers is significant, with Indiana Farm Bureau prices coming in at around 10% less than National Mutual's. The advantage for married couples with Indiana Farm Bureau is also obvious, where drivers save about 10% a month.

Indiana Farm Bureau or National Mutual: 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 tickets and get into accidents, which increases the chances of filing a claim with insurance.

On average, men see premiums around $25 per month higher with Indiana Farm Bureau, but with National Mutual, the difference is closer to $21 a month.

Looking at the data for each company specifically, Indiana Farm Bureau comes out as the lowest option for both genders, with average prices $19 less for men and $24 cheaper for women.

Indiana Farm Bureau vs. National Mutual: 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, car insurance isn't the easiest topic to understand. There are multiple different coverages that account for a variety of 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.

But most policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability).

When it comes to state minimum liability insurance, National Mutual has the edge, while Indiana Farm Bureau offers the cheapest average premiums for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $3 with National Mutual Insurance, while full coverage comes out to be about $45 more affordable with Indiana Farm Bureau Insurance.

Is Indiana Farm Bureau or National Mutual Better for Drivers with Spotty Records?

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

It's no secret secret that collisions and speeding tickets lead to higher premiums, but which carrier -- Indiana Farm Bureau or National Mutual -- has the lowest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Indiana Farm Bureau for their insurance can normally expect their monthly bill to go up around 31% after getting a speeding ticket. National Mutual policyholders can expect a less drastic increase of about 8%.

If you have gotten a ticket, National Mutual tends to offer the best rates at around 21% less expensive, while Indiana Farm Bureau has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault collision with National Mutual raising by about 37%. 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 cheaper prices come from Indiana Farm Bureau, with average rates coming in at $195 compared to National Mutual Insurance's $207.

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 car insurance bill -- generally a lot more than a collision or speeding ticket. For example, National Mutual increases average prices by nearly $200 per month -- that's nearly a 60% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Indiana Farm Bureau tends to be less expensive for the average driver, with monthly premiums coming in at around $224 to National Mutual's $325.

How does Credit Score Impact Indiana Farm Bureau and National Mutual Rates?

Did you know many insurance companies take into account your credit score 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 many policyholders out there.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time each 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 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 Indiana Farm Bureau or National Mutual 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 auto insurance carriers will charge for coverage. Typically, the more milage you put on your vehicle each year, the more you can expect to pay for insurance.

In this case, neither Indiana Farm Bureau or National Mutual report increasing rates for drivers with higher annual mileage figures. Still, Indiana Farm Bureau comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average premiums of $180 a month for both.

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

Where you live can play a sizable role in how much you pay for car insurance. Usually, those who live in rural areas will pay less than policyholders in urban areas because of the small number of vehicles that are on the roads where they live.

When comparing these two companies side-by-side, Indiana Farm Bureau normally comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $156 monthly with Indiana Farm Bureau and $189 with National Mutual. People in suburban areas pay a monthly rate of around $197 with Indiana Farm Bureau compared to $201 with National Mutual. For drivers in urban ZIP codes, Indiana Farm Bureau's average rates are about $187 per month compared to National Mutual's $214.

Indiana Farm Bureau vs. National Mutual 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.

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every carrier 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 Indiana Farm Bureau and National Mutual so that you can see which company can save you the most money each month.

Looking at the total number of discounts, National Mutual comes out ahead with 19 discounts to Indiana Farm Bureau's 15.

Both carriers offer many of the same discounts -- like education discounts, discounts for being a good student, and multi-policy discounts -- but National Mutual also offers discounts for advance quote, anti-theft, claim free, and more.

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

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

So, you've seen how different variables can affect your auto insurance premiums. We've broken down the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the best carrier for you, your vehicle, and your wallet?

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

• You have a clean record.
• You already have a great credit score.
• You're of retirement age and want to take advantage of lower prices.

National Mutual might be best for you if...

• You've been pulled over for speeding recently.
• You're looking for discounts -- National Mutual has the most.
• You're looking for the best premiums on liability only coverage.

Hopefully, this guide helps you get a better idea of the difference between Indiana Farm Bureau and National Mutual and that it aids in making a more informed 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 auto insurance policy is to compare quotes from several companies, not just Indiana Farm Bureau and National Mutual. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Indiana Farm Bureau vs. National Mutual FAQs

Is Indiana Farm Bureau or National Mutual cheaper?

Indiana Farm Bureau is the cheaper of the two companies when looking at national average rates, with policies averaging $180 a month with Indiana Farm Bureau and $201 for National Mutual. However, that doesn't mean Indiana Farm Bureau will be the lowest company for every policyholder, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Indiana Farm Bureau or National Mutual?

Sadly, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for each policyholder -- it all depends on what your unique insurance profile looks like.

Why do Indiana Farm Bureau and National Mutual offer me different rates?

Auto insurance carriers use quite a few different variables when calculating the prices they charge. Factors such as age, gender, your driving record, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farm Bureau and National Mutual use different formulas, so it's likely they'll offer different premiums. 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 National Mutual is right for me?

The only way to find the car 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, Compare.com makes it easy for you to do just that. Just enter your ZIP code 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 company for you isn't Indiana Farm Bureau or National Mutual 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.