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

Quick Facts

• In general, Indiana Farmers offers significantly less expensive premiums than Motorists
• Indiana Farmers tends to be a much more affordable option for policyholders whose driving record contains an at-fault collision
• Motorists may help you save more money -- they offer more discounts than Indiana Farmers Insurance

Indiana Farmers or Motorists: 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 big savings, but exactly how much money can you save by switching?

You might be considering Indiana Farmers or Motorists as potential options, but which carrier has cheaper prices for auto insurance?

As you can see, Indiana Farmers has average rates that are around 70% a month more affordable than those from Motorists when looking at the national average rates for insurance.

However, that doesn't mean Indiana Farmers will necessarily be less expensive than Motorists for every driver. Car insurance carriers vary their rates depending on things like how old you are, how good your credit score is, how clean your driving record is, where you live, and a ton of other factors, so prices will vary quite a bit from person to person.

So, if you want to find out which of Indiana Farmers or Motorists is really the best for you, keep reading to see average premiums for each company broken down by a bunch of different rate factors.

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

Indiana Farmers and Motorists only compete against each other in Indiana, where Indiana Farmers offers the cheaper average rates. Indiana Farmers drivers tend to pay about $58 per month less on average compared to drivers who use Motorists for their auto insurance.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance companies determine your prices. Keep reading to find out more.

Which is the Best Company For Young Drivers?

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

That being said, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. Just look at the table above -- where 18-year-old drivers who have Indiana Farmers for their car insurance pay over 65% less than those who use Motorists.

But both carriers will offer you dramatically lower rates once you turn 25. For example, average premiums for Indiana Farmers policyholders lower almost 45% and Motorists's prices reduce nearly 45% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? Indiana Farmers gets the edge here, with average prices coming in at about $67 monthly compared to Motorists's $219.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive auto insurance rates than married drivers. This usually boils down to married couples having several vehicles on their policy -- something many car insurance companies will reward with discounts.

For single policyholders, the difference in average premiums between these two carriers is significant, with Indiana Farmers prices coming in at around a third of Motorists's. The advantage is also clear for married policyholders - Indiana Farmers offers the lowest average premiums.

Indiana Farmers or Motorists: Average Rates by Gender

Men tend to pay more for auto insurance than women. That's because women are less likely to get into collisions and get tickets, which lowers the chances of filing a claim with insurance.

Usually, women see prices almost 10% a month less with Indiana Farmers, and about 5% less with Motorists when compared to their male counterparts.

Looking at overall affordability, Indiana Farmers comes out on top for both men and women. On average, women save about $168 per month and men save around $173 with Indiana Farmers compared to the average Motorists policyholder.

Indiana Farmers vs. Motorists: 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, insurance can be pretty complicated. There are multiple different coverages that account for a range 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, in addition to liability).

Looking specifically at state minimum limits for 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 about $118 a month to Motorists's $379.

Is Indiana Farmers or Motorists 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.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Indiana Farmers for their auto insurance can usually expect their monthly bill to go up around 17% after getting a speeding ticket. Motorists policyholders can expect a less drastic increase of about 10%.

Even so, Indiana Farmers is normally the cheaper option for both drivers who have clean records and those with a recent ticket, offering premiums that are 59% and 55% more affordable, respectively, compared to Motorists Insurance Group.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Indiana Farmers can expect to see around an $14 -- or about 17% -- rise in their car insurance prices. Drivers who use Motorists for their auto insurance will see a monthly bill around $37 (or 18%) more expensive after reporting a collision to their insurance company.

At the end of the day, the less expensive rates come from Indiana Farmers, with average premiums coming in at $84 compared to Motorists Insurance Group's $206.

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. Motorists drivers usually see a 62% increase in their auto insurance rates after a DUI charge, while Indiana Farmers will usually raise prices by about 17%.

But if you end up with a DUI charge and are looking for more affordable premiums, Indiana Farmers tends to be cheaper for the average driver, with monthly premiums coming in at around $84 to Motorists's $442.

How does Credit Score Impact Indiana Farmers and Motorists Rates?

Did you know many insurance companies take into account your credit score when determining rates? Certain states and carriers do not allow for credit score to be used as an insurance factor, but it will come into play for quite a few drivers.

Car insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

So, which carrier offers the best premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Indiana Farmers will normally reward you the most. For policyholders with "excellent" credit scores, Indiana Farmers comes in more than 62.26 less expensive. Drivers with "good" credit scores typically save about 63% with Indiana Farmers compared to average prices from Motorists.

Which Company is Best for Drivers with Bad Credit?

Indiana Farmers typically offers lower rates than Motorists when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 66% per month less with Indiana Farmers compared to Motorists, and those with "poor" scores generally save an average of about 73% per month.

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

How much you drive can have a considerable impact on your monthly insurance payment. Normally, the more milage you drive, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Indiana Farmers offers more affordable premiums than Motorists. Indiana Farmers's average prices for drivers with 6,000 annual miles come in around 67% cheaper than Motorists. Those who drive 12,000 miles annually can expect to pay about 68% less with Indiana Farmers over Motorists.

Indiana Farmers or Motorists: 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 car insurance, but the type of area you live in can have a big impact as well. Usually, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads where they live.

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

Those in rural areas can expect to pay around $72 a month with Indiana Farmers compared to Motorists's $252. People in suburban areas pay about $83 with Indiana Farmers compared to Motorists's $215 per month. In urban areas, Indiana Farmers's average premiums are around $88 while Motorists offers rates about $286.

Indiana Farmers vs. Motorists 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 auto insurance discounts as possible.

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

Luckily, we did the hard work for you and looked at all of the different discounts Indiana Farmers and Motorists offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Motorists blows Indiana Farmers away when it comes to the sheer amount of discounts available, offering 14 different discounts to Indiana Farmers's eight.

A couple of those are overlapping for things like advance quote discounts, discounts for being a defensive driver, and multi-policy discounts. Motorists also offers discounts for ABS, anti-theft, empty nester discount, and more.

On the other hand, Indiana Farmers has a few proprietary discounts of their own for things like good driving discounts, good student discounts, mature driver discounts, and more.

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

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which insurance carrier is the right one for you, your vehicle, and your wallet?

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

• You have an at-fault accident on your record.
• You have above-average credit.
• You've started working from home and don't have much of a commute.

Motorists might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Indiana Farmers and Motorists and that it aids in making a more informed 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 a handful of carriers, not just Indiana Farmers and Motorists. Luckily, sites like Compare.com make 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 companies in your area, all in just a few minutes.

Indiana Farmers vs. Motorists FAQs

Is Indiana Farmers or Motorists cheaper?

Indiana Farmers is the less expensive of the two carriers when looking at national average prices, with policies averaging $81 a month with Indiana Farmers and $251 for Motorists. However, that doesn't mean Indiana Farmers will be the lowest company for every policyholder, since there are lots of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Indiana Farmers or Motorists?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all boils down to your unique insurance profile.

Why do Indiana Farmers and Motorists offer me different rates?

Auto insurance companies use lots of different variables when calculating the premiums they charge. Factors such as age, your driving record, where you call home, gender, and sometimes even things like your credit score can all come into play. Both Indiana Farmers and Motorists calculate rates using different variables, 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 several different carriers.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several companies 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 auto insurance carriers for free. That way, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Indiana Farmers or Motorists 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.