Indiana Farmers vs. Western Reserve Group: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Indiana Farmers offers significantly more affordable premiums than Western Reserve Group
• Indiana Farmers offers cheaper average prices for drivers with a DUI charge on their record
• Western Reserve Group offers more discounts than Indiana Farmers Insurance

Indiana Farmers vs. Western Reserve Group: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You might have narrowed it down to Indiana Farmers or Western Reserve Group, but between the two, which company will save you the most?

Looking at nationwide averages, Western Reserve Group has average rates that are about 40% per month more expensive than those from Indiana Farmers.

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

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

Indiana Farmers or Western Reserve Group: Average Car Insurance Rates by State

Indiana Farmers and Western Reserve Group only compete against each other in Indiana, where Indiana Farmers offers the cheaper average rates. For Indiana residents, Indiana Farmers offers auto insurance for $81 a month on average. Western Reserve Group's average premiums come out to be over 70% more expensive, at $165 monthly.

But there's more to calculating insurance prices than just the state you live in. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for auto insurance than any group out there on the road. It's usually because 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 rates, 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 $100 less than those who use Western Reserve Group.

Even so, both carriers will reduce prices by the time drivers turn 25. For example, average premiums for Indiana Farmers policyholders decrease over $60 and Western Reserve Group's rates lower nearly $150 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 premiums out there.

So, which carrier offers the best prices to retired drivers? Indiana Farmers gets the edge, with premiums for drivers 65 and older $40 more affordable than the national average for Western Reserve Group.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are normally more expensive for single policyholders than they are for married policyholders? That's typically 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 rates around $65 a month less expensive than Western Reserve Group, on average. The advantage for married couples with Indiana Farmers is also obvious, where drivers save about 40% per month.

Indiana Farmers vs. Western Reserve Group: Average Rates by Gender

You may not know, but men usually pay more for car insurance than women do. This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

Typically, women see premiums almost 10% a month less with Indiana Farmers, but surprisingly, with Western Reserve Group, women typically pay around 1% more per month than men.

Looking at the data for each company specifically, Indiana Farmers offers the lowest average rates for both men and women, with average prices $52 less for men and $61 cheaper for women.

Indiana Farmers or Western Reserve Group: 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 multiple 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.

But most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which generally refers to having comprehensive and collision coverages in addition to what you get with liability coverage).

If you're looking for state minimum liability insurance, Indiana Farmers normally offers significantly cheaper premiums of $44 compared to Western Reserve Group's $94. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies about $60 a month less expensive than Western Reserve Group, on average.

Is Indiana Farmers or Western Reserve Group 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 tickets and at-fault accidents on your record, but which of these two companies offers the cheapest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Indiana Farmers policyholders can expect their rates to go up an average of $14 per month if they get a ticket, while Western Reserve Group typically raises prices around $34 a month, on average.

However, Indiana Farmers is generally the cheaper option for both drivers who have a recent speeding ticket and those with clean records, offering rates that are $18 and $38 more affordable, respectively, compared to Western Reserve Group.

Which Company is Best for Drivers After an Accident?

Indiana Farmers drivers who get in an accident can expect to see their premiums rise by over 15%, while those who have insurance through Western Reserve Group will see about a 25% increase.

Overall, the cheaper rates come from Indiana Farmers, with monthly premiums averaging $84 compared to Western Reserve Group's $120.

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 insurance bill -- usually a lot more than a collision or ticket. Western Reserve Group drivers usually see a 60% increase in their car insurance prices after a DUI charge, while Indiana Farmers will normally raise rates by around 17%.

If you have a DUI on your record and are looking for more affordable premiums, Indiana Farmers tends to be the much more affordable option with average prices of $84 per month compared to $218 from Western Reserve Group.

How does Credit Score Impact Indiana Farmers and Western Reserve Group Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect quite a few policyholders out there.

Insurance carriers 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, drivers with good credit will often be rewarded with less expensive rates.

So, which carrier offers the lowest premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Indiana Farmers. Drivers with "excellent" credit can save over 40% compared to Western Reserve Group, and those with "good" scores can also expect to see savings -- about $49 or 42% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Indiana Farmers typically offers lower prices than Western Reserve Group when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around $60 per month less with Indiana Farmers compared to Western Reserve Group, and those with "poor" scores typically save an average of about $73 monthly.

Is Indiana Farmers or Western Reserve Group 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 companies will charge for coverage. Usually, the more miles you drive, 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 Western Reserve Group charges. However, there's a small difference in monthly rates for Indiana Farmers, with drivers who put 6,000 miles on their vehicle every year paying around $2 less each month compared to those who drive 12,000 miles yearly. Still, Indiana Farmers is the more affordable option for drivers in both categories.

Indiana Farmers vs. Western Reserve Group: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a considerable impact on your monthly auto insurance payment. Generally, those who live in urban areas will pay more than policyholders in rural areas because of the number of cars that are on the roads in those areas.

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

Drivers in rural ZIP codes see the lowest prices from both carriers, but Indiana Farmers comes out on top with average rates about $72 per month. Indiana Farmers also has less expensive average premiums for policyholders in urban and suburban ZIP codes -- a $59 and $56 a month respective difference when compared to Western Reserve Group drivers in similar areas.

Indiana Farmers vs. Western Reserve Group 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.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you're eligible for.

In the table below, we've broken down all of the different discounts offered by both Indiana Farmers and Western Reserve Group so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Western Reserve Group has advantage when it comes to total number of discounts. Indiana Farmers offers a grand total of eight discounts, while Western Reserve Group has 11.

There are a couple discounts both companies offer, but Western Reserve Group also offers agency transfer discounts, anti-theft discounts, company car 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 Western Reserve Group Best for You?

So, you've seen how different variables can affect your insurance prices. We've broken down the different discounts each company offers, too. But, at the end of the day, which carrier is the right one for you and your specific driver profile?

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

• You have less-than-stellar credit.
• You live in an suburban area.
• You live in a rural neighborhood.

Western Reserve Group might be best for you if...

• You care about discounts (Western Reserve Group offers the most).

We hope this guide helps you get a good idea of the differences between Indiana Farmers and Western Reserve Group and that you can now make a more informed decision when it comes to your car 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 carriers, not just Indiana Farmers and Western Reserve Group. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Indiana Farmers vs. Western Reserve Group FAQs

Is Indiana Farmers or Western Reserve Group cheaper?

Looking just at the national average rates, Indiana Farmers is the cheaper of the two carriers, offering average rates of $81 per month compared to $137 for Western Reserve Group. That being said, Indiana Farmers won't necessarily be the most affordable company for everyone, since there are lots of different factors that are considered when it comes to your car insurance bill.

Who is better, Indiana Farmers or Western Reserve Group?

Sadly, the answer truly is "it depends.". Neither carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Indiana Farmers and Western Reserve Group offer me different rates?

Insurance companies take a look at several different variables when calculating the prices they charge policyholders. Things like gender, age, your driving record, where you call home, and sometimes even things like your credit score can all come into play. Both Indiana Farmers and Western Reserve Group calculate premiums differently, so each one will most likely offer different rates. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Indiana Farmers or Western Reserve Group is right for me?

The only way to find the car 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, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Indiana Farmers or Western Reserve Group 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.