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

Quick Facts

• Based on national averages for car insurance, Travelers offers slightly more affordable premiums than Indiana Farm Bureau
• Indiana Farm Bureau offers more affordable rates for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Travelers tends to be a much cheaper option for policyholders who live in the suburbs

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You might have narrowed it down to Indiana Farm Bureau or Travelers for your next policy, but between the two, which one has less expensive prices for insurance?

Looking at nationwide averages, Indiana Farm Bureau is around $13 more a month than Travelers.

That being said, Travelers may not be the lowest or best option for every single driver out there. Auto insurance carriers use a ton of complex algorithms to determine premiums, so depending on how good your credit score is or how old you are (among a whole range of other factors), you could see wildly different rates from the ones above.

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

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

Indiana Farm Bureau and Travelers only compete against each other in Indiana, where Travelers offers the cheaper average rates. Travelers drivers tend to pay about $70 per month less on average compared to drivers who use Indiana Farm Bureau for their car insurance.

That being said, there are plenty of other factors that go into your insurance payment than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. That's because teen 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 car insurance. As you can see above, teens who use Travelers save over 20% a month compared to those who use Indiana Farm Bureau.

But with both companies, you'll see your prices lower significantly once you turn 25. For example, average rates for Indiana Farm Bureau policyholders decrease more than 65% and Travelers's prices drop over 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 cheapest premiums you'll ever see.

When looking at Indiana Farm Bureau and Travelers specifically, which company is best for retired drivers? Indiana Farm Bureau gets the slight edge, with rates for drivers 65 and older about 6% more affordable than the national average for Travelers.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are generally more expensive for those who are single than they are for married couples? That's because policies for married policyholders normally cover more than one vehicle, which many carriers will give you a discount for.

For single policyholders, the difference in average prices between these two companies is significant, with Travelers premiums coming in at around 10% less than Indiana Farm Bureau's. But for married drivers, that advantage is much less clear - Indiana Farm Bureau offers the most affordable average prices , but the difference is only a dollar.

Indiana Farm Bureau or Travelers: Average Rates by Gender

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

Women typically pay about $25 per month less than men with Indiana Farm Bureau, and more than $10 cheaper with Travelers when compared to their male counterparts.

Looking at overall affordability, Travelers comes out as the lowest option for both genders. On average, male drivers save about $21 a month and women save around $6 with Travelers compared to the average Indiana Farm Bureau policyholder.

Indiana Farm Bureau vs. Travelers: 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 insurance can be pretty complicated. There are a variety of different coverages that account for a bunch 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.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability).

When it comes to state minimum liability limits, Indiana Farm Bureau has the edge, while Travelers offers the cheapest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with Indiana Farm Bureau Insurance, while full coverage comes out to be about $40 less expensive with Travelers.

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

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

At-fault accidents and speeding tickets will most likely raise your premiums, but is Indiana Farm Bureau or Travelers cheaper for drivers with spotty 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. Travelers policyholders can expect a less drastic increase of about 20%.

If you have gotten a ticket, Travelers tends to offer the best rates at around 11% less expensive, while Indiana Farm Bureau has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

Indiana Farm Bureau policyholders who get in a collision can expect to see their premiums increase by over 35%, while those who have insurance through Travelers will see about a 25% increase.

At the end of the day, Travelers offers the most affordable rates for drivers with an at-fault collision on their records, with average prices coming in at $173 compared to Indiana Farm Bureau Insurance's $195.

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 speeding ticket when it comes to your auto insurance bill. Indiana Farm Bureau drivers usually see a 45% climb in their car insurance premiums after a DUI charge, while Travelers will typically raise prices by around 38%.

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

Did you know many auto insurance carriers take your credit score into account when determining rates? This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an auto insurance factor) but it will come into play for lots of drivers.

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.

Looking at Indiana Farm Bureau and Travelers specifically, which carrier has the lowest 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 Travelers 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 your monthly premiums. That's because the more milage you put on your vehicle, the more likely you are to be in an accident 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 Travelers, with policyholders who drive the least paying about $5 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Travelers is the more affordable carrier.

Indiana Farm Bureau or Travelers: 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 sizable impact as well. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

Looking at these carriers side-by-side, Travelers boasts the lowest average premiums in rural and suburban areas, while Indiana Farm Bureau wins in urban areas.

Those in rural areas can expect to save around $20 with Travelers compared to Indiana Farm Bureau. People who live in suburban areas pay about $37 less with Travelers compared to Indiana Farm Bureau. For drivers in urban ZIP codes, Indiana Farm Bureau Insurance's average rates are around $17 less than Travelers.

Indiana Farm Bureau vs. Travelers Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you're eligible 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 broke down all of the different discounts offered by both Indiana Farm Bureau and Travelers so that you can find the company that has the most discounts and, therefore, the largest savings.

Travelers blows Indiana Farm Bureau away when it comes to the sheer amount of discounts available, offering 25 different discounts to Indiana Farm Bureau's 15.

A couple of those are overlapping for things like discounts for being a good student, discounts for insuring multiple cars with the same company, and paid in full discounts. Travelers also offers discounts for advance quote, alternative fuel, anti-theft, 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 Travelers Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts companies offer. But, at the end of the day, which insurance company is the best carrier for you, your vehicle, and your wallet?

Travelers might be best for you if....

• You're thinking about moving to another state -- undefined is only available to residents.
• You have less-than-stellar credit.
• Your neighborhood is in the suburbs.

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

• Your credit score is high.
• You live in an urban area.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Hopefully, this guide helps you get a good idea of the differences between Indiana Farm Bureau and Travelers and that you can now make a more informed decision when it comes to 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 multiple carriers, not just Indiana Farm Bureau and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Indiana Farm Bureau vs. Travelers FAQs

Is Indiana Farm Bureau or Travelers cheaper?

Travelers is the cheaper of the two carriers when looking at national average prices, with policies averaging $167 per month with Travelers and $180 for Indiana Farm Bureau. However, that doesn't mean Travelers will be the cheapest carrier for each policyholder, since there are several different factors that are considered when it comes to your auto insurance bill.

Who is better, Indiana Farm Bureau or Travelers?

Unfortunately, the answer truly is "it depends.". No one company is necessarily "better" for every policyholder -- it all depends on the makeup of your unique insurance profile. For example, Indiana Farm Bureau is less expensive for drivers who have already retired, while Travelers offers more affordable premiums for single policyholders.

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

Car insurance companies use several different variables when calculating the rates they charge. Factors like age, your driving record, where you live, gender, and sometimes even things like your credit score can all come into play. Both Indiana Farm Bureau and Travelers calculate prices using different formulas, 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 carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies 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 area information and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Indiana Farm Bureau or Travelers 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.