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

Quick Facts

• Based on national averages for car insurance, Indiana Farm Bureau offers slightly more affordable rates than Progressive
• Indiana Farm Bureau offers cheaper average prices for policyholders who drive fewer than 12,000 miles each year
• Progressive offers more discounts than Indiana Farm Bureau Insurance

Indiana Farm Bureau vs. Progressive: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering huge discounts, but exactly how much money can you save by switching?

You might have narrowed your search down to Indiana Farm Bureau or Progressive as potential options, but between the two, which carrier will offer you less expensive premiums?

Looking at nationwide averages, Indiana Farm Bureau is about $0 per month more affordable than Progressive.

But that doesn't necessarily mean Indiana Farm Bureau will be the less expensive option for every single driver. Auto insurance companies use all sorts of complex algorithms to calculate prices, so depending on how old you are or how good your credit score is (among many other factors), you could see wildly different rates from the ones above.

Wanting to know if Indiana Farm Bureau or Progressive is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Indiana Farm Bureau or Progressive: Average Car Insurance Rates by State

Indiana Farm Bureau and Progressive only compete against each other in Indiana, where Progressive offers the cheaper average rates. For Indiana residents, Progressive offers car insurance for $133 a month on average. Indiana Farm Bureau's average premiums come out to be over 30% more expensive, at $180 monthly.

That being said, there are plenty of other factors that go into your 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 auto insurance than any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of $6 less a month by choosing Indiana Farm Bureau over Progressive.

That being said, with both carriers, you'll see your rates drop significantly by the time drivers turn 25. For example, average premiums for Indiana Farm Bureau policyholders lower nearly $300 and Progressive's prices decrease more than $300 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the lowest car insurance rates you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for insurance.

So, which carrier offers the best prices to retired drivers? Indiana Farm Bureau gets the slight edge, with premiums for drivers 65 and older $7 cheaper than the national average for Progressive.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are normally more expensive for those who are single than they are for married drivers? That's because policies for married couples usually cover more than one car, which many companies will offer you a discount for.

When it comes to relationship status, Indiana Farm Bureau is the winner for single drivers, with rates around $7 per month more affordable than Progressive, on average.

Indiana Farm Bureau vs. Progressive: Average Rates by Gender

Because men are more likely to get speeding tickets and get into collisions, they are more likely to file a claim with insurance. Therefore, insurance carriers will often charge men more than women.

With Indiana Farm Bureau, women generally pay almost 15% a month less than men, while with Progressive, the difference is closer to 3% per month.

Looking at the data for each company specifically, Progressive is the most affordable carrier for men. Rates with Progressive are $10 less for men, while women can save about $11 with Indiana Farm Bureau.

Indiana Farm Bureau or Progressive: 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 isn't the easiest topic to understand. There are lots 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.

However, most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability).

In this case, Indiana Farm Bureau offers the lowest average prices for state minimum limits for liability insurance, while Progressive has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $15 with Indiana Farm Bureau Insurance, while full coverage comes out to be around $15 cheaper with Progressive.

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

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with accidents and tickets on your record, but which of these two companies offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Indiana Farm Bureau policyholders can expect their premiums to go up an average of $56 a month if they get a ticket, while Progressive normally raises rates about $31 per month, on average.

That being said, Indiana Farm Bureau tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records -- their rates are around 17% less expensive for drivers with clean records and 1% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault accident with Indiana Farm Bureau increasing by over $70. Progressive has a less extreme raise, but you can still expect to pay $65 more than you were prior to your first collision.

Overall, the less expensive premiums come from Indiana Farm Bureau, with monthly rates averaging $195 compared to Progressive's $214.

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 auto insurance bill. On average, Indiana Farm Bureau will increase your premiums around 45% after a DUI, while Progressive's average prices climb by over 15%.

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

Did you know that many insurance companies take into account your credit score when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect a lot of policyholders out there.

Car 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 cheaper rates.

Looking at Indiana Farm Bureau and Progressive specifically, which company has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a pretty big impact on how much auto insurance carriers will charge for coverage. Typically, the more miles you put on your car each year, the more you can expect to pay for coverage.

In this case, neither Indiana Farm Bureau or Progressive report increasing premiums for drivers with higher annual mileage figures.

Indiana Farm Bureau vs. Progressive: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a big impact on your monthly insurance bill. Usually, 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 in those areas.

Progressive generally comes out as the less expensive option for drivers in rural and suburban areas, while Indiana Farm Bureau wins in urban areas.

For drivers in urban ZIP codes, Indiana Farm Bureau's average prices are about $187 a month compared to Progressive's $207. People in suburban areas pay around $179 with Progressive compared to Indiana Farm Bureau's $197 per month. If you live in a rural area, you can expect to pay about $154 monthly with Progressive and $156 with Indiana Farm Bureau.

Indiana Farm Bureau vs. Progressive Discounts

Regardless of 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 possible, and the best way to do that is by utilizing as many insurance discounts as you can.

But with what seems like a million different discounts out there, it can be difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Below, we've broken down all of the different discounts offered by both Indiana Farm Bureau and Progressive so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Progressive knocks Indiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 19 more discounts than Indiana Farm Bureau.

A couple of those are overlapping for things like ABS discounts, discounts for being a good driver, discounts for insuring multiple cars with the same company, and paperless discounts. Progressive also offers advance quote discounts, advanced safety feature discounts, agency transfer discounts, and more that Indiana Farm Bureau does not.

On the flip side, Indiana Farm Bureau has a couple unique discounts of its own -- agri-business discounts, employee discounts, life policy discounts, and more.

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

So, you've seen how different factors can affect your car insurance rates. 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 company is the right carrier for you and your specific driver profile?

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

• You have a speeding ticket on your driving record.
• You want basic insurance coverage at the state minimum limits.
• You've started working from home and don't have much of a commute.

Progressive might be best for you if...

• You already have plans to move to another state -- undefined is only available in.
• You're looking for more protection with "full coverage" car insurance.
• You live in a rural neighborhood.

We hope this guide helps you get a good idea of the differences between Indiana Farm Bureau and Progressive. We also hope we've given you the information you need to make the best decision about your auto 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 several companies, not just Indiana Farm Bureau and Progressive. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Indiana Farm Bureau vs. Progressive FAQs

Is Indiana Farm Bureau or Progressive cheaper?

Looking just at the national average premiums, Indiana Farm Bureau is the cheaper of the two companies, offering average rates of $180 per month compared to $180 for Progressive. Even so, Indiana Farm Bureau won't necessarily be the cheapest carrier for every driver, since there are multiple different variables that are considered when it comes to your auto insurance payment.

Who is better, Indiana Farm Bureau or Progressive?

Unfortunately, the real answer is "it depends.". One company is not "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Progressive offers more affordable rates for drivers with a recent DUI, while Indiana Farm Bureau is cheaper for drivers with excellent credit.

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

Auto insurance carriers take a look at quite a few different factors when determining the prices they charge policyholders. Variables such as gender, age, where you park your car, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farm Bureau and Progressive calculate premiums using different factors, so each one will most likely offer different prices. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the insurance company 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 do all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the best price. And who knows, the best carrier for you might not be Indiana Farm Bureau or Progressive 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.