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

Quick Facts

• Looking at the national averages for car insurance, State Farm offers less expensive premiums than Indiana Farm Bureau
• Indiana Farm Bureau offers more affordable prices for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• State Farm may help you save more money -- they offer more discounts than Indiana Farm Bureau Insurance

Indiana Farm Bureau or State Farm: 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 State Farm for your next policy, but which one will save you the most?

Looking at the national average rates for both carriers, Indiana Farm Bureau is around $22 more a month than State Farm.

But that doesn't mean State Farm will necessarily be more affordable than Indiana Farm Bureau for every driver. Insurance companies vary their premiums depending on things like how clean your driving record is, how old you are, where you live, how good your credit score is, and a variety of other factors, so rates will differ quite a bit from person to person.

Wanting to know if Indiana Farm Bureau or State Farm 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 vs. State Farm: Average Car Insurance Rates by State

Indiana Farm Bureau and State Farm only compete against each other in Indiana, where State Farm offers the cheaper average rates. State Farm drivers tend to pay about $77 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how auto insurance carriers determine your premiums. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers. It's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. As you can see above, teens who use State Farm save over 20% a month compared to those who use Indiana Farm Bureau.

That being said, both companies will reduce prices once you turn 25. For example, average premiums for Indiana Farm Bureau policyholders decrease more than 65% and State Farm's prices lower almost 60% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates you'll ever find.

So, which carrier offers the best premiums to retired drivers? State Farm gets the edge here, with average prices coming in at about $111 a month compared to Indiana Farm Bureau's $124.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be less expensive for married policyholders than they are for single drivers. This usually boils down to married drivers having multiple vehicles on their policy -- something several auto insurance carriers will reward with discounts.

For those who are single, the difference in average premiums between these two companies is significant, with State Farm rates coming in at around 15% less than Indiana Farm Bureau's. But for married couples, that advantage is much less clear - State Farm offers the cheapest average premiums.

Indiana Farm Bureau or State Farm: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they have a lower chance of filing a claim with insurance. So, women normally pay less for insurance than men.

Men typically pay about $25 per month more than women with Indiana Farm Bureau, and around $12 more with State Farm.

When it comes to the lowest prices for each gender, State Farm comes out on top for both men and women, with average premiums 15% less for men and 9% cheaper for women.

Indiana Farm Bureau vs. State Farm: 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.

Car insurance isn't the easiest topic to understand. There are multiple different coverages that account for several 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.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with liability).

When it comes to state minimum limits for liability insurance, Indiana Farm Bureau has the edge, while State Farm offers the cheapest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $2 with Indiana Farm Bureau Insurance, while full coverage comes out to be about $45 cheaper with State Farm.

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

You've probably seen plenty of commercials from auto insurance carriers offering great prices 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 rates, but is Indiana Farm Bureau or State Farm more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Indiana Farm Bureau for their insurance can generally expect their monthly bill to go up around 31% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of about 14%.

If you have gotten a ticket, State Farm tends to offer the best prices at around 13% cheaper, while Indiana Farm Bureau has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Indiana Farm Bureau can expect to see about an $72 -- or around 37% -- rise in their car insurance premiums. Drivers who use State Farm for their insurance will see a monthly bill about $29 (or 18%) more expensive after reporting a collision to their car insurance company.

At the end of the day, State Farm offers the lowest prices for drivers with an at-fault collision on their records, with average rates coming in at $163 compared to Indiana Farm Bureau Insurance's $195.

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 auto insurance bill -- normally a lot more than an accident or speeding ticket. Indiana Farm Bureau drivers usually see a 45% increase in their insurance premiums after a DUI charge, while State Farm will usually climb rates by around 25%.

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

You may not have known, but your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as an insurance factor, but it might come into play for lots of policyholders.

The reasoning car insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so generally, they'll be asked to pay more, while those with good credit will be rewarded with more affordable premiums.

So, which carrier offers the most affordable 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 State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly insurance cost. That's because the more milage you put on your car, 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 rates for State Farm, with policyholders who drive the least paying about $13 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, State Farm is the less expensive company.

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

Where you call home can have a pretty big impact on your monthly auto insurance bill. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

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

Those in rural areas can expect to save around $29 with State Farm compared to Indiana Farm Bureau. People who live in suburban areas pay about $36 less with State Farm compared to Indiana Farm Bureau. For drivers in urban ZIP codes, State Farm's average premiums are around $2 less than Indiana Farm Bureau Insurance.

Indiana Farm Bureau vs. State Farm 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 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 State Farm so that you can easily see which company offers the most discounts and, therefore, the largest savings.

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

There are a couple discounts both companies offer, but State Farm also offers discounts for annual mileage, anti-theft, defensive driver, 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, employee discounts, and more.

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

So, we've broken down the average prices for many of the variables car insurance carriers look at, and we've shown you all the discounts each company offers. That's all well and good, but when it comes down to it, which carrier is the right fit for you?

State Farm might be best for you if....

• You will be the only person on the auto insurance policy.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing insurance for a teenager.

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

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You're looking for the best premiums on liability only coverage.

Hopefully, this guide helps you get a good idea of the differences between Indiana Farm Bureau and State Farm 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 auto insurance policy is to compare quotes from several companies, not just Indiana Farm Bureau and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code 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. State Farm FAQs

Is Indiana Farm Bureau or State Farm cheaper?

State Farm is the cheaper of the two companies when looking at national average rates, with policies averaging $158 a month with State Farm and $180 for Indiana Farm Bureau. That being said, that doesn't mean State Farm will be the lowest company for each driver, since there are a variety of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Indiana Farm Bureau or State Farm?

Unfortunately, the answer truly is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Indiana Farm Bureau is more affordable for drivers who have less-than-stellar credit scores, while State Farm offers less expensive prices for policyholders with an at-fault accident on their record.

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

Insurance carriers use a lot of different variables when determining the rates they charge. Factors such as gender, your driving record, age, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farm Bureau and State Farm calculate premiums differently, 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 a range of different companies.

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

The only way to find the auto 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 do all the hard work for you. Just enter your information once 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 rate. And maybe you'll find that the best company for you isn't Indiana Farm Bureau or State Farm 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.