Indiana Farmers vs. Metlife: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Indiana Farmers offers significantly more affordable rates than Metlife
• Indiana Farmers offers cheaper average prices for policyholders who drive fewer than 6,000 miles yearly
• Metlife may help you save more money -- they offer more discounts than Indiana Farmers Insurance

Indiana Farmers or Metlife: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Indiana Farmers or Metlife, but between the two, which carrier has less expensive rates for auto insurance?

Looking at the national average rates for both carriers, Metlife is quite a bit more expensive than Indiana Farmers, with prices averaging $340 a month compared to just $81 with Indiana Farmers.

But that doesn't mean Indiana Farmers will necessarily be more affordable than Metlife for each driver. Car insurance companies vary their premiums depending on things like where you live, how clean your driving record is, how old you are, how good your credit score is, and tons of other factors, so prices will change quite a bit from person to person.

Luckily, we've broken down average rates from both Indiana Farmers and Metlife by a range of different rate factors, so read on to find out which company is the best for you.

Indiana Farmers vs. Metlife: Average Car Insurance Rates by State

Indiana Farmers and Metlife only compete against each other in Indiana, where Indiana Farmers 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 insurance.

There's a lot more that goes into your auto insurance cost than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car insurance compared to older drivers. Typically, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance rates. Just look at the table above -- where 18-year-old drivers who have Indiana Farmers for their car insurance pay over 85% less than those who use Metlife.

That being said, both carriers will drop prices by the time you turn 25. For example, average premiums for Indiana Farmers policyholders reduce around $60 and Metlife's rates lower more than $500 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest insurance prices you'll ever find. After all, they've likely been driving for quite some time, which usually decreases their chances of collisions and other infractions that can raise premiums.

When looking at Indiana Farmers and Metlife specifically, which carrier is best for retired drivers? Indiana Farmers gets the edge, with prices for drivers 65 and older over 65% cheaper than the national average for Metlife.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more expensive for those who are single than they are for married drivers. This usually boils down to married policyholders having multiple vehicles on their policy -- something a lot of insurance companies will reward with discounts.

For single drivers, the difference in average premiums between these two carriers is significant, with Indiana Farmers prices coming in at about a quarter of Metlife's. The advantage for married couples with Indiana Farmers is also obvious, where drivers save almost 70% a month.

Indiana Farmers or Metlife: Average Rates by Gender

You may not know, but men generally pay more for car insurance than women do. That's because women are less likely to get into accidents and get tickets, which decreases the chances of filing a claim with insurance.

Usually, women see premiums nearly 10% per month less with Indiana Farmers, and around 8% less with Metlife.

When it comes to the most affordable rates for each gender, Indiana Farmers offers the cheapest average premiums for both men and women. On average, women save about $249 a month and men save about $270 with Indiana Farmers compared to the average Metlife policyholder.

Indiana Farmers vs. Metlife: 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 auto insurance can be a complicated subject for most people. There are a bunch of different coverages that account for many 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 property damage and bodily injury for other drivers and their passengers if you cause an accident) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with liability).

Looking specifically at state minimum liability insurance, Indiana Farmers has the significant edge, with average monthly rates coming in at $44. If you want a full coverage policy with the same state minimum limits, Indiana Farmers again has the edge, with policies averaging around $118 per month to Metlife's $466.

Is Indiana Farmers or Metlife Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Indiana Farmers for their insurance can usually expect their monthly bill to go up about 17% after getting a speeding ticket. Metlife policyholders can expect a bit more drastic of an increase of around 21%.

However, Indiana Farmers has less expensive premiums for drivers in both categories. With Indiana Farmers Insurance, drivers with a clean record can save about $150 a month and drivers with a ticket can save around $195 per month.

Which Company is Best for Drivers After an Accident?

Both carriers will increase prices pretty significantly if you get into an at-fault collision with Metlife climbing by about 40%. Indiana Farmers has a less extreme increase, but you can still expect to pay more than 15% more than you were prior to your first accident.

At the end of the day, drivers who use Indiana Farmers end up with the cheaper prices after an accident, with average rates coming in at $84 compared to MetLife's $368.

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 -- typically a lot more than a collision or speeding ticket. Metlife drivers usually see a 55% climb in their car insurance premiums after a DUI charge, while Indiana Farmers will usually raise rates by around 17%.

How does Credit Score Impact Indiana Farmers and Metlife Rates?

You may not have known, but your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (Hawaii, for example, has banned the use of credit score as a car insurance factor) but it does affect lots of drivers out there.

The reasoning insurance carriers use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with cheaper prices.

Looking at Indiana Farmers and Metlife specifically, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Indiana Farmers or Metlife Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on how much auto insurance companies will charge for coverage. That's because the fewer miles you put on your car each year, the less likely you are to be in an accident and file an insurance claim.

Indiana Farmers tends to be the less expensive option for both remote workers and those taking short commutes. Metlife's average premiums for drivers with 6,000 annual miles come in over 75% more expensive than Indiana Farmers. Those who drive 12,000 miles annually can expect to pay more than 75% more with Metlife over Indiana Farmers.

Indiana Farmers or Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a big role in how much you pay for insurance. Typically, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of vehicles that are on the roads where they live.

When comparing these two carriers side-by-side, Indiana Farmers generally comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about 76% with Indiana Farmers compared to Metlife. People who live in suburban areas pay around 75% less with Indiana Farmers compared to Metlife. For policyholders in urban ZIP codes, Indiana Farmers Insurance's average prices are about 77% less than MetLife.

Indiana Farmers vs. Metlife 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. That's where auto insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

Luckily, we did the hard work for you and looked at all of the different discounts Indiana Farmers and Metlife offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Indiana Farmers away when it comes to the sheer amount of discounts available, offering 28 more discounts than Indiana Farmers.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good driver, and mature driver discounts -- but Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Indiana Farmers has a few proprietary discounts of their own like advance quote discounts and select market discounts.

Final Thoughts: Is Indiana Farmers or Metlife Best for You?

You've seen the effect certain variables have on your insurance and the different discounts carriers offer. But, at the end of the day, is Indiana Farmers or Metlife the right fit for you?

Indiana Farmers might be best for you if....

• You're worried about the impact your credit score will have on your premiums.
• You live in an urban area.
• You want to save money while purchasing auto insurance for a teenager.

Metlife might be best for you if...

• You're thinking about moving to another state -- undefined only offers policies in.
• You're looking for discounts -- Metlife has the most.

Hopefully, this guide helps you get a good idea of the differences between Indiana Farmers and Metlife. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Indiana Farmers and Metlife. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance carriers in your area, all in just a few minutes.

Indiana Farmers vs. Metlife FAQs

Is Indiana Farmers or Metlife cheaper?

Indiana Farmers is the more affordable of the two companies when looking at national average rates, with policies averaging $81 a month with Indiana Farmers and $340 for Metlife. But that doesn't mean Indiana Farmers will be the most affordable company for every driver, since there are several different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Indiana Farmers or Metlife?

Sadly, the answer truly is "it depends.". No single carrier is "better" for each policyholder -- it all boils down to your unique insurance profile.

Why do Indiana Farmers and Metlife offer me different rates?

Auto insurance carriers use quite a few different variables when determining the prices they charge. Things like gender, your driving record, where you park your car, age, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farmers and Metlife use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from multiple different companies.

How do I know if Indiana Farmers or Metlife is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several 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 ZIP code 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 Farmers or Metlife 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.