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

Quick Facts

• Looking at the national averages for insurance, Indiana Farmers offers significantly less expensive rates than National Mutual
• Indiana Farmers tends to be a much cheaper option for drivers who have less-than-stellar credit
• National Mutual offers more discounts than Indiana Farmers Insurance

Indiana Farmers vs. National Mutual: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed it down to Indiana Farmers or National Mutual as your top options, but between the two, which company has more affordable prices for auto insurance?

As you can see, National Mutual has average rates that are about 60% per month more expensive than those from Indiana Farmers when looking at the national average rates for car insurance.

But that doesn't mean Indiana Farmers will necessarily be cheaper than National Mutual for each driver. Insurance companies use tons of complex algorithms to calculate rates, so depending on how clean your driving record is or where you live (among a range of other factors), you could see wildly different prices from the ones above.

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

Indiana Farmers or National Mutual: Average Car Insurance Rates by State

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That being said, there's a lot more that goes into your car insurance cost than just your home state. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group out there on the road. Normally, that's because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Indiana Farmers for their car insurance pay nearly $350 less than those who use National Mutual.

Even so, both carriers will decrease rates once you turn 25. For example, average prices for Indiana Farmers policyholders drop more than $60 and National Mutual's premiums reduce almost $300 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 prices you can find.

But who has the best rates for retired drivers between Indiana Farmers and National Mutual? Indiana Farmers gets the edge, with prices for drivers 65 and older around 50% more affordable than the national average for National Mutual.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are usually more expensive for those who are single than they are for married couples? This usually boils down to married drivers having several cars on their policy -- something a lot of car insurance companies will reward with discounts.

When it comes to relationship status, Indiana Farmers is the clear winner for single drivers, with premiums about $148 a month less expensive than National Mutual, on average. The advantage is also clear for married policyholders - Indiana Farmers offers the most affordable average prices.

Indiana Farmers vs. National Mutual: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll typically end up paying more for auto insurance than women.

Usually, women see rates nearly 10% per month less with Indiana Farmers, and around 10% less with National Mutual.

Looking at the data for each company specifically, Indiana Farmers comes out as the lowest option for both genders, with average premiums 60% less for men and 60% cheaper for women.

Indiana Farmers or National Mutual: 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 isn't the easiest topic to understand. There are several different coverages that account for many different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which generally refers to having comprehensive and collision coverages in addition to liability).

If you're looking for state minimum limits for liability insurance, Indiana Farmers typically offers significantly more affordable rates of $44 compared to National Mutual's $94. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies about $200 a month cheaper than National Mutual, on average.

Is Indiana Farmers or National Mutual Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that accidents and tickets lead to higher premiums, but which carrier -- Indiana Farmers or National Mutual -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Indiana Farmers policyholders can expect their premiums to go up an average of $14 per month if they get a ticket, while National Mutual generally raises rates around $11 a month, on average.

However, Indiana Farmers tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering prices that are 47% and 41% less expensive, respectively, compared to National Mutual Insurance.

Which Company is Best for Drivers After an Accident?

Both carriers will increase premiums pretty significantly if you get into an at-fault accident with National Mutual raising by over $75. Indiana Farmers has a less extreme increase, but you can still expect to pay just under $15 more than you were prior to your first collision.

Overall, drivers who use Indiana Farmers end up with the cheaper prices after an accident, with monthly rates averaging $84 compared to National Mutual Insurance's $207.

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 ticket or even an accident. For example, National Mutual increases average prices by nearly $200 per month -- that's just under a 60% increase.

If you have a DUI on your record and are looking for more affordable rates, Indiana Farmers tends to be the much more affordable option with average prices of $84 monthly compared to $325 from National Mutual.

How does Credit Score Impact Indiana Farmers and National Mutual Rates?

Did you know that many car insurance companies take your credit score into account when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for quite a few drivers.

Insurance companies 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, policyholders with good credit will often be rewarded with cheaper rates.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Indiana Farmers or National Mutual 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 how much car insurance carriers will charge for coverage. Usually, the more miles you put on your vehicle each year, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much National Mutual charges. However, there's a small difference in monthly prices for Indiana Farmers, with drivers who put 6,000 miles on their car annually paying about $2 less each month compared to those who drive 12,000 miles yearly. Still, Indiana Farmers is the less expensive option for drivers in both categories.

Indiana Farmers vs. National Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly insurance bill. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, Indiana Farmers usually comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable premiums from both carriers, but Indiana Farmers comes out on top with average rates around $72 a month. Indiana Farmers also has cheaper average prices for drivers in urban and suburban ZIP codes -- a 59% and 59% a month respective difference when compared to National Mutual policyholders in similar areas.

Indiana Farmers vs. National Mutual Discounts

Regardless of 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 possible, and the best way to do that is by taking advantage of as many auto insurance discounts as you can.

The difficult part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

In the table below, we've taken a look at all of the different discounts Indiana Farmers and National Mutual offer their customers so that you can find the carrier that has the most discounts and, therefore, the biggest savings.

National Mutual blows Indiana Farmers away when it comes to the sheer amount of discounts available, offering 11 more discounts than Indiana Farmers.

There are a couple discounts both companies offer, but National Mutual also offers anti-theft discounts, claim free discounts, continuous insurance discounts, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a couple unique discounts of its own -- discounts for being a good driver, mature driver discounts, and select market discounts.

Final Thoughts: Is Indiana Farmers or National Mutual Best for You?

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

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

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You and your spouse are buying auto insurance together.

National Mutual might be best for you if...

• You're looking for discounts -- National Mutual has the most.

We hope this guide helps you get a good idea of the differences between Indiana Farmers and National Mutual. 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 insurance policy is to compare quotes from multiple companies, not just Indiana Farmers and National Mutual. Luckily, sites like Compare.com do all the hard work for you. Just 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 Farmers vs. National Mutual FAQs

Is Indiana Farmers or National Mutual cheaper?

Looking just at the national average rates, Indiana Farmers is the less expensive of the two companies, offering average rates of $81 per month compared to $201 for National Mutual. That being said, Indiana Farmers won't necessarily be the lowest carrier for every driver, since there are a range of different factors that are considered when it comes to your insurance payment.

Who is better, Indiana Farmers or National Mutual?

Sadly, the answer truly is "it depends.". One company is not necessarily "better" for each driver -- it all depends on the makeup of your unique car insurance profile.

Why do Indiana Farmers and National Mutual offer me different rates?

Insurance carriers take a look at several different variables when determining the prices they charge drivers. Things such as where you live, gender, where you park your vehicle, age, and sometimes even things like your credit score can all be taken into consideration. Both Indiana Farmers and National Mutual calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the car insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes 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 best premium. And who knows, the best carrier for you might not be Indiana Farmers or National Mutual 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.