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

Quick Facts

• In general, Indiana Farmers offers significantly cheaper premiums than Progressive
• Indiana Farmers offers more affordable prices for drivers who have an at-fault accident on their record
• Progressive offers more discounts than Indiana Farmers Insurance

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

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You might be considering Indiana Farmers or Progressive, but which company will save you the most?

As you can see, Indiana Farmers has average rates that are about 55% per month less expensive than those from Progressive when looking at the national average rates for car insurance.

That being said, Indiana Farmers may not be the cheapest or best option for every driver out there. Auto insurance companies vary their rates depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and all sorts of other factors, so prices will vary quite a bit from person to person.

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

Indiana Farmers or Progressive: Average Car Insurance Rates by State

Indiana Farmers and Progressive only compete against each other in Indiana, where Indiana Farmers offers the cheaper average rates. For Indiana residents, undefined offers car insurance for undefined monthly on average. undefined's average prices come out to be more expensive, at undefined per month.

There are plenty of other factors that go into your insurance bill than just where you live. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. The reason is that young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

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 insurance pay more than $300 less than those who use Progressive.

But both carriers will offer you dramatically lower prices once you turn 25. For example, average rates for Indiana Farmers policyholders lower over $60 and Progressive's premiums reduce around $300 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates out there.

So, which company offers the best prices to retired drivers? Indiana Farmers gets the edge, with premiums for drivers 65 and older nearly 50% more affordable than the national average for Progressive.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are typically cheaper for married drivers than they are for single drivers? That's because policies for married couples normally cover several cars, which many companies will offer you a discount for.

When it comes to relationship status, Indiana Farmers is the clear winner for single policyholders, with rates about $129 a month more affordable than Progressive, on average. For married policyholders, the advantage is clear again - Indiana Farmers has the edge when it comes to average premiums.

Indiana Farmers vs. Progressive: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to car insurance men will usually end up paying a little more.

With Indiana Farmers, women typically pay almost 10% per month less than men, while with Progressive, the difference is closer to 3% a month.

When it comes to the lowest rates for each gender, Indiana Farmers comes out on top for both men and women, with average prices 54% less for men and 57% cheaper for women.

Indiana Farmers or Progressive: 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.

Insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for a range of 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.

However, the most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

If you're looking for state minimum liability limits, Indiana Farmers usually offers significantly less expensive premiums of $44 compared to Progressive's $111. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies around $150 per month cheaper than Progressive, on average.

Is Indiana Farmers or Progressive 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.

You'll probably end up paying more with accidents and tickets 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?

Indiana Farmers policyholders can expect their premiums to go up an average of $14 a month if they get a ticket, while Progressive normally raises prices about $31 per month, on average.

Even so, Indiana Farmers has more affordable rates for drivers in both categories -- their rates are around 53% less expensive for drivers with clean records and 53% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Indiana Farmers drivers who get in an accident can expect to see their premiums increase by over 15%, while those who have insurance through Progressive will see around a 30% increase.

Overall, the more affordable prices come from Indiana Farmers, with monthly rates averaging $84 compared to Progressive's $214.

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 car insurance bill -- generally a lot more than a collision or speeding ticket. Progressive drivers usually see a 16% increase in their auto insurance premiums after a DUI charge, while Indiana Farmers will usually climb prices by about 17%.

How does Credit Score Impact Indiana Farmers and Progressive Rates?

Did you know that many insurance companies take into account your credit score when calculating rates? This isn't always the case (Michigan, for example, has banned the use of credit score as a rating factor) but it might come into play for lots of policyholders.

Car insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Indiana Farmers and Progressive specifically, which carrier has the cheapest premiums 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 Progressive Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly auto insurance payment. That's because the more miles you drive, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Progressive 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 around $2 less every 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. Progressive: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a big impact on your monthly insurance cost. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Indiana Farmers tends to offer the lowest premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Indiana Farmers offers rates about $88 a month compared to Progressive's $207. People who live in suburban ZIP codes can expect to pay around $83 a month for Indiana Farmers and $179 for Progressive. Lastly, those in rural areas tend to get the cheapest prices from both companies, with average monthly rates coming in at $72 and $154 for Indiana Farmers and Progressive respectively.

Indiana Farmers vs. Progressive Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many auto insurance discounts as you can.

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

In the section below, we've compared all of the different discounts offered by Indiana Farmers and Progressive so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Progressive blows Indiana Farmers away when it comes to the sheer amount of discounts available, offering 26 more discounts than Indiana Farmers.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and mature driver discounts. Progressive also offers ABS discounts, advanced safety feature discounts, agency transfer discounts, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a unique discount of its own -- a select market discounts.

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

You've seen the role certain variables have on your insurance and the different discounts carriers offer. But, at the end of the day, which company is the right one for you, your vehicle, and your wallet?

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

• You have an at-fault collision on your record.
• You're looking for more protection with "full coverage" car insurance.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Progressive might be best for you if...

• You're thinking about moving to another state -- undefined is only available in.
• You care about discounts (Progressive offers the most).

We hope this guide helps you get a better idea of the difference between Indiana Farmers and Progressive. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from several companies, not just Indiana Farmers and Progressive. 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 car insurance carriers in your area, all in just a few minutes.

Indiana Farmers vs. Progressive FAQs

Is Indiana Farmers or Progressive cheaper?

Looking just at the national average premiums, Indiana Farmers is the cheaper of the two companies, offering average rates of $81 per month compared to $180 for Progressive. But Indiana Farmers won't necessarily be the most affordable carrier for everyone, since there are lots of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Indiana Farmers or Progressive?

Unfortunately, the real answer is "it depends.". No single company is "better" for everyone -- it all boils down to your unique insurance profile.

Why do Indiana Farmers and Progressive offer me different rates?

Car insurance carriers take a look at a lot of different variables when determining the prices they charge drivers. Factors such as where your home is, gender, age, where you park your vehicle, and sometimes even things like your credit score can all come into play. Both Indiana Farmers and Progressive use different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the auto 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, 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 insurance companies in your area. With those, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Indiana Farmers or Progressive 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.