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

Quick Facts

• Based on national averages for insurance, Indiana Farmers offers significantly less expensive prices than State Farm
• Indiana Farmers tends to be a much cheaper option for drivers who have less-than-stellar credit
• State Farm offers more discounts than Indiana Farmers Insurance

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

Are you considering a new insurance policy? 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 might have narrowed your search down to Indiana Farmers or State Farm for your next policy, but between the two, which company has more affordable rates for car insurance?

Looking at the national average rates for both companies, Indiana Farmers has average rates that are about 50% per month less expensive than those from State Farm.

Even so, that doesn't mean Indiana Farmers will necessarily be cheaper than State Farm for every driver. Insurance carriers use all sorts of complex algorithms to calculate prices, so depending on where you live or how good your credit score is (among a lot of other factors), you could see wildly different premiums from the ones above.

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

Indiana Farmers or State Farm: Average Car Insurance Rates by State

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But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance companies determine your premiums. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any group out there on the road. Generally, 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 rates, teen drivers can still find ways to save money. As you can see above, teens who use Indiana Farmers save more than $200 a month compared to those who use State Farm.

However, both carriers will offer you dramatically lower prices by the time drivers turn 25. State Farm offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Indiana Farmers still has the cheapest rates at $81 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable insurance premiums you'll ever 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.

So, which company offers the best premiums to retired drivers? Indiana Farmers gets the edge, with prices for drivers 65 and older $44 more affordable than the national average for State Farm.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically more expensive for single policyholders than they are for married policyholders? That's usually because married drivers tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Indiana Farmers is the clear winner for single drivers, with premiums around $91 per month cheaper than State Farm, on average. The advantage is also clear for married couples - Indiana Farmers offers the lowest average prices.

Indiana Farmers vs. State Farm: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to car insurance men will normally end up paying a little more.

Women usually pay about $7 a month less than men with Indiana Farmers, while with State Farm, the difference is closer to $12 per month.

Looking at overall affordability, Indiana Farmers comes out as the most affordable option for both genders. On average, women save about $75 a month and men save around $80 with Indiana Farmers compared to the average State Farm policyholder.

Indiana Farmers or State Farm: 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 so many different coverages and terms that it can make it pretty confusing to find the right policy.

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

If you're looking for state minimum liability insurance, Indiana Farmers generally offers significantly less expensive rates of $44 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies about $100 per month more affordable than State Farm, on average.

Is Indiana Farmers or State Farm 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.

Tickets and at-fault accidents will most likely raise your prices, but is Indiana Farmers or State Farm less expensive for 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 State Farm typically raises prices around $21 per month, on average.

But Indiana Farmers tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records. Drivers with a clean record can save about $64 a month and drivers with a ticket can save around $71 per month with Indiana Farmers Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Indiana Farmers can expect to see about an $14 -- or around 17% -- increase in their auto insurance rates. Drivers who use State Farm for their car insurance will see a monthly bill about $29 (or 18%) more expensive after reporting an accident to their auto insurance carrier.

Overall, Indiana Farmers offers the cheapest premiums for drivers with an at-fault accident on their records, with monthly prices averaging $84 compared to State Farm's $163.

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 -- normally a lot more than a collision or speeding ticket. On average, State Farm will climb your rates around 25% after a DUI, while Indiana Farmers's average premiums increase by over 15%.

How does Credit Score Impact Indiana Farmers and State Farm Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. 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 more affordable rates.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Indiana Farmers or State Farm 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 your monthly premiums. Generally, the more miles you put on your car, the more you can expect to pay for car insurance.

Indiana Farmers tends to be the cheaper option for both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure. State Farm's average prices for drivers with 6,000 annual miles come in about 47% more expensive than Indiana Farmers. Those who drive 12,000 miles annually can expect to pay around 50% more with State Farm over Indiana Farmers.

Indiana Farmers vs. State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

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

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

Policyholders in rural ZIP codes see the most affordable rates from both carriers, but Indiana Farmers comes out on top with average premiums about $72 per month. Indiana Farmers also has more affordable average rates for drivers in urban and suburban ZIP codes -- a $97 and $78 a month respective difference when compared to State Farm policyholders in similar areas.

Indiana Farmers vs. State Farm Discounts

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

The challenging 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.

Below, we've compared all of the different discounts offered by Indiana Farmers and State Farm so that you can find the carrier that has the most discounts and, therefore, the biggest savings.

State Farm knocks Indiana Farmers out of the park when it comes to the sheer number of discounts available, offering 23 different discounts to Indiana Farmers's 23.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good driver, and mature driver discounts. State Farm also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a couple unique discounts of its own -- advance quote discounts and select market discounts.

Final Thoughts: Is Indiana Farmers or State Farm Best for You?

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the best one for you, your vehicle, and your wallet?

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

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" insurance.
• You're married and plan to have both of your names on the vehicle's auto insurance policy.

State Farm might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You care about discounts (State Farm offers the most).

We hope this guide has ben a valuable resource as you compare Indiana Farmers and State Farm and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just Indiana Farmers and State Farm. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Indiana Farmers vs. State Farm FAQs

Is Indiana Farmers or State Farm cheaper?

Looking just at the national average prices, Indiana Farmers is the cheaper of the two carriers, offering average rates of $81 per month compared to $158 for State Farm. That being said, Indiana Farmers won't necessarily be the cheapest company for each policyholder, since there are several different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Indiana Farmers or State Farm?

Sadly, the only answer we can give you is "it depends.". One carrier is not "better" for every driver -- it all depends on what your unique auto insurance profile looks like.

Why do Indiana Farmers and State Farm offer me different rates?

Car insurance companies take a look at lots of different factors when calculating the rates they charge drivers. Variables like gender, where you park your vehicle, age, your driving record, and sometimes even things like your credit score can all come into play. Both Indiana Farmers and State Farm calculate prices using different factors, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Indiana Farmers or State Farm 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.