Louisiana Farm Bureau vs. Metlife: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Louisiana Farm Bureau offers significantly less expensive rates than Metlife
• Louisiana Farm Bureau has cheaper premiums for policyholders who live in urban areas
• Metlife may help you save more money -- they offer more discounts than Louisiana Farm Bureau Insurance

Louisiana Farm Bureau or Metlife: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering sizable savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Louisiana Farm Bureau or Metlife as your top options, but which one will offer you more affordable prices?

Looking at nationwide averages, Louisiana Farm Bureau has average rates that are around 45% a month cheaper than those from Metlife.

That being said, Louisiana Farm Bureau may not be the most affordable or best option for every driver out there. Auto insurance carriers use tons of complex algorithms to determine rates, so depending on how clean your driving record is or how old you are (among a whole bunch of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average prices from both Louisiana Farm Bureau and Metlife by a variety of different rate factors, so read on to find out which company is the best for you.

Louisiana Farm Bureau vs. Metlife: Average Car Insurance Rates by State

Louisiana Farm Bureau and Metlife only compete against each other in Louisiana, where Louisiana Farm Bureau offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their insurance.

But there's more to car insurance than just your home state. As we mentioned above, there's a lot of things that go into how auto insurance companies calculate your prices. Read on to learn 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.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. As you can see above, teens who use Louisiana Farm Bureau save over 65% a month compared to those who use Metlife.

But with both carriers, you'll see your premiums lower significantly by the time you turn 25. Metlife offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Louisiana Farm Bureau still has the lowest prices at $182 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the cheapest insurance premiums out there. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

When looking at Louisiana Farm Bureau and Metlife specifically, which carrier is best for retired drivers? Louisiana Farm Bureau gets the edge, with premiums for drivers 65 and older more than 25% less expensive than the national average for Metlife.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are normally more affordable for married policyholders than they are for single policyholders? That's because policies for married drivers typically cover more than one vehicle, which a lot of companies will give you a discount for.

For single drivers, the difference in average rates between these two carriers is significant, with Louisiana Farm Bureau prices coming in at about half of Metlife's. The advantage for married couples with Louisiana Farm Bureau is also obvious, where drivers save almost 35% per month.

Louisiana Farm Bureau or Metlife: Average Rates by Gender

Did you know men tend to pay more for insurance than women? This is because men are statistically more likely than women to get into collisions and file an insurance claim, which leads to increased risk for insurers and, therefore, higher rates.

With Louisiana Farm Bureau, women normally pay around $4 a month less than men, and about $28 less with Metlife.

Looking at the data for each company specifically, Louisiana Farm Bureau comes out on top for both men and women, with average premiums $171 less for men and $147 cheaper for women.

Louisiana Farm Bureau vs. Metlife: 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.

Auto insurance isn't the easiest topic to understand. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum liability limits, Louisiana Farm Bureau has the significant edge, with average monthly prices coming in at $110. If you want a full coverage policy with the same state minimum limits, Louisiana Farm Bureau again has the edge, with policies averaging around $252 per month to Metlife's $466.

Is Louisiana Farm Bureau or Metlife Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that accidents and speeding tickets lead to higher premiums, but which carrier -- Louisiana Farm Bureau or Metlife -- has the lowest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Louisiana Farm Bureau for their auto insurance can usually expect their monthly bill to go up about 13% after getting a speeding ticket. Metlife policyholders can expect a bit more drastic of an increase of around 21%.

That being said, Louisiana Farm Bureau tends to offer the best prices for drivers both with a ticket and with a clean record, offering prices that are $69 and $106 cheaper, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Louisiana Farm Bureau drivers who get in an accident can expect to see their rates climb by over 20%, while those who have insurance through Metlife will see about a 40% increase.

At the end of the day, drivers who use Louisiana Farm Bureau end up with the cheaper prices after an accident, with average premiums coming in at $194 compared to MetLife's $368.

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 -- generally a lot more than a collision or speeding ticket. For example, Metlife increases average rates by more than $250 a month -- that's more than a 55% increase.

How does Credit Score Impact Louisiana Farm Bureau and Metlife Rates?

Did you know many car insurance companies take into account your credit score when determining prices? Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it does affect quite a few policyholders out there.

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, drivers with good credit will often be rewarded with more affordable premiums.

Looking at Louisiana Farm Bureau and Metlife specifically, which carrier has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Louisiana Farm Bureau or Metlife Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on your monthly premiums? Normally, those who drive fewer miles will end up with less expensive prices since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Louisiana Farm Bureau charges. However, there's a small difference in monthly premiums for Metlife, with policyholders who drive 6,000 miles yearly paying around $3 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Louisiana Farm Bureau is the more affordable company.

Louisiana Farm Bureau or Metlife: 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 considerable impact as well. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders due to the small number of cars that are on the roads where they live.

Louisiana Farm Bureau tends to offer the lowest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about 43% with Louisiana Farm Bureau compared to Metlife. People who live in suburban areas pay around 45% less with Louisiana Farm Bureau compared to Metlife. For drivers in urban ZIP codes, Louisiana Farm Bureau Insurance's average premiums are about 51% less than MetLife.

Louisiana Farm Bureau vs. Metlife Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Louisiana Farm Bureau and Metlife offer their customers so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Louisiana Farm Bureau away when it comes to the sheer amount of discounts available, offering 36 different discounts to Louisiana Farm Bureau's five.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and military discounts. Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Louisiana Farm Bureau has a few proprietary discounts of their own like driver training discounts and vin etching discounts.

Final Thoughts: Is Louisiana Farm Bureau or Metlife Best for You?

So, you've seen how different variables can affect your auto insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which insurance company is the best fit for you?

Louisiana Farm Bureau might be best for you if....

• Your driving record includes a DUI charge.
• Your home is in a busy urban area.
• You have a short drive to work everyday.

Metlife might be best for you if...

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

Hopefully, this guide helps you get a good idea of the differences between Louisiana Farm Bureau and Metlife and that it aids in making a more informed decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of carriers, not just Louisiana Farm Bureau and Metlife. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

Louisiana Farm Bureau vs. Metlife FAQs

Is Louisiana Farm Bureau or Metlife cheaper?

Louisiana Farm Bureau is the less expensive of the two carriers when looking at national average rates, with policies averaging $181 per month with Louisiana Farm Bureau and $340 for Metlife. Even so, that doesn't mean Louisiana Farm Bureau will be the most affordable company for every policyholder, since there are several different factors that are considered when it comes to your car insurance cost.

Who is better, Louisiana Farm Bureau or Metlife?

Sadly, the real answer is "it depends.". No one carrier is "better" for each policyholder -- it all depends on what your unique insurance profile looks like.

Why do Louisiana Farm Bureau and Metlife offer me different rates?

Auto insurance companies use many different variables when calculating the prices they charge. Things such as age, where you call home, gender, your driving record, and sometimes even things like your credit score can all be used. Both Louisiana Farm Bureau and Metlife calculate premiums differently, so it's likely they'll offer different rates. The best way to determine which company is the cheapest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Louisiana Farm Bureau or Metlife 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, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Louisiana Farm Bureau or Metlife 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.