Indiana Farm Bureau vs. Western Reserve Group: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Western Reserve Group offers significantly less expensive premiums than Indiana Farm Bureau
• Indiana Farm Bureau offers more discounts than Western Reserve Group
• Western Reserve Group tends to be a much more affordable option for drivers who have an at-fault accident on their record

Indiana Farm Bureau vs. Western Reserve Group: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Indiana Farm Bureau or Western Reserve Group, but between the two, which carrier has cheaper rates for car insurance?

As you can see, Western Reserve Group has average rates that are about 24% per month more affordable than those from Indiana Farm Bureau when looking at the national average rates for insurance.

Even so, Western Reserve Group may not be the lowest or best option for each driver out there. Auto insurance companies use tons of complex algorithms to calculate premiums, so depending on where you live or how clean your driving record is (among a bunch of other factors), you could see wildly different prices from the ones above.

So, if you want to find out which of Indiana Farm Bureau or Western Reserve Group is really the best for you, keep reading to see average rates for each company broken down by a variety of different rate factors.

Indiana Farm Bureau or Western Reserve Group: Average Car Insurance Rates by State

Indiana Farm Bureau and Western Reserve Group only compete against each other in Indiana, where Western Reserve Group offers the cheaper average premiums. For Indiana residents, Western Reserve Group offers car insurance for $165 monthly on average. Indiana Farm Bureau's average rates come out to be more expensive, at $180 a month.

But there's more to calculating insurance prices than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. That's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of nearly $200 less a month by choosing Western Reserve Group over Indiana Farm Bureau.

However, both carriers will offer you dramatically lower premiums once you turn 25. For example, average rates for Indiana Farm Bureau policyholders lower more than 65% and Western Reserve Group's prices decrease almost 50% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

When looking at Indiana Farm Bureau and Western Reserve Group specifically, which carrier is best for retired drivers? Western Reserve Group gets the edge, with prices for drivers 65 and older $17 less expensive than the national average for Indiana Farm Bureau.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance premiums than married drivers. That's usually because married policyholders tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Western Reserve Group is the clear winner for single drivers, with rates around $57 per month cheaper than Indiana Farm Bureau, on average. The advantage is also clear for married couples - Western Reserve Group offers the lowest average prices.

Indiana Farm Bureau vs. Western Reserve Group: Average Rates by Gender

Because men are more likely to get into collisions and get speeding tickets, they have an increased chance of filing a claim with insurance. Therefore, men tend to pay more for insurance than women.

Women generally pay over $25 a month less than men with Indiana Farm Bureau, but surprisingly, with Western Reserve Group, women usually pay about $2 per month more than men.

Looking at the data for each company specifically, Western Reserve Group comes out as the most affordable option for both genders. On average, women save about $29 a month and men save around $57 with Western Reserve Group compared to the average Indiana Farm Bureau policyholder.

Indiana Farm Bureau or Western Reserve Group: 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 pretty complicated. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers and passengers if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages in addition to what you get with liability).

If you're looking for state minimum liability insurance, Western Reserve Group typically offers slightly more affordable rates of $94 compared to Indiana Farm Bureau's $97. When it comes to full coverage policies with similar limits, Western Reserve Group again has the edge, with policies about $85 per month cheaper than Indiana Farm Bureau, on average.

Is Indiana Farm Bureau or Western Reserve Group Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto 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.

It's no secret secret that accidents and tickets lead to higher prices, but which carrier -- Indiana Farm Bureau or Western Reserve Group -- has the cheapest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Indiana Farm Bureau policyholders can expect their prices to go up an average of $56 a month if they get a ticket, while Western Reserve Group generally raises premiums around $34 per month, on average.

But Western Reserve Group has less expensive rates for drivers in both categories -- their rates are around 28% more affordable for drivers with clean records and 32% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Indiana Farm Bureau drivers who get in a collision can expect to see their prices increase by over $70, while those who have insurance through Western Reserve Group will see about a $30 increase.

Overall, the less expensive premiums come from Western Reserve Group, with monthly prices averaging $120 compared to Indiana Farm Bureau Insurance's $195.

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 an accident. Western Reserve Group drivers usually see a 60% increase in their car insurance premiums after a DUI charge, while Indiana Farm Bureau will normally raise rates by around 45%.

If you have a DUI on your record and are looking for more affordable premiums, Western Reserve Group tends to be the much more affordable option with average prices of $218 per month compared to $224 from Indiana Farm Bureau.

How does Credit Score Impact Indiana Farm Bureau and Western Reserve Group Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect several policyholders out there.

Insurance carriers 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.

So, which company offers the best premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Western Reserve Group. Drivers with "excellent" credit can save 7% compared to Indiana Farm Bureau, and those with "good" scores can also expect to see savings -- about $24 or 17% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Western Reserve Group typically offers lower rates than Indiana Farm Bureau when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $41 a month less with Western Reserve Group compared to Indiana Farm Bureau, and those with "poor" scores usually save an average of about $99 a month.

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

How much you drive can have a big impact on your monthly auto insurance bill. That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause an insurance claim.

In this case, neither Indiana Farm Bureau or Western Reserve Group report increasing prices for drivers with higher annual mileage figures. That being said, Western Reserve Group comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average premiums of $137 per month for both.

Indiana Farm Bureau vs. Western Reserve Group: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a pretty big role in how much you pay for car insurance. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, Western Reserve Group typically comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Western Reserve Group offers prices around $147 monthly compared to Indiana Farm Bureau's $187. People who live in suburban ZIP codes can expect to pay about $139 a month for Western Reserve Group and $197 for Indiana Farm Bureau. Lastly, those in rural areas tend to get the lowest premiums from both carriers, with average monthly rates coming in at $125 and $156 for Western Reserve Group and Indiana Farm Bureau respectively.

Indiana Farm Bureau vs. Western Reserve Group 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. 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 company has different discounts and each one is advertised differently.

Below, we've taken a look at all of the different discounts Indiana Farm Bureau and Western Reserve Group offer their customers so that you can find the company that has the most discounts and, therefore, the biggest savings.

Overall, Indiana Farm Bureau has the advantage when it comes to total number of discounts. Western Reserve Group offers a grand total of 11 discounts, while Indiana Farm Bureau has 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 multi-policy discounts. Indiana Farm Bureau also offers ABS discounts, agri-business discounts, education discounts, and more that Western Reserve Group does not.

On the flip side, Western Reserve Group has a couple unique discounts of its own -- advance quote discounts, agency transfer discounts, anti-theft discounts, and more.

Final Thoughts: Is Indiana Farm Bureau or Western Reserve Group Best for You?

So, you've seen how different factors can affect your insurance prices. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Indiana Farm Bureau or Western Reserve Group the best one for you and your specific needs?

Western Reserve Group might be best for you if....

• You have below-average credit.
• You want basic auto insurance coverage at the state minimum limits.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

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

• You're looking for the company with the most discounts.

We hope this guide helps you get a good idea of the differences between Indiana Farm Bureau and Western Reserve Group and that it aids in making a more informed decision about your insurance.

At the end of the day, the best 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 Western Reserve Group. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Indiana Farm Bureau vs. Western Reserve Group FAQs

Is Indiana Farm Bureau or Western Reserve Group cheaper?

Looking just at the national average premiums, Western Reserve Group is the more affordable of the two companies, offering average rates of $137 per month compared to $180 for Indiana Farm Bureau. That being said, Western Reserve Group won't necessarily be the cheapest carrier for everyone, since there are multiple different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Indiana Farm Bureau or Western Reserve Group?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Indiana Farm Bureau and Western Reserve Group offer me different rates?

Car insurance carriers take a look at many different factors when calculating the rates they charge drivers. Variables like your driving record, where you park your vehicle, gender, age, and sometimes even things like your credit score can all come into play. Both Indiana Farm Bureau and Western Reserve Group use different formulas, 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 range of different companies.

How do I know if Indiana Farm Bureau or Western Reserve Group 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 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 information once 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 lowest premium. And who knows, the best carrier for you might not be Indiana Farm Bureau or Western Reserve Group 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.