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

Quick Facts

• Based on national averages for auto insurance, State Farm offers cheaper prices than Louisiana Farm Bureau
• State Farm offers less expensive average premiums for drivers who have a speeding ticket on their driving record
• State Farm has more affordable prices for residents of suburban areas

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

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering pretty big savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Louisiana Farm Bureau or State Farm, but between the two, which company has less expensive rates for insurance?

Looking at the national average rates for both carriers, Louisiana Farm Bureau has average rates that are around 13% a month more expensive than those from State Farm.

But State Farm may not be the most affordable or best option for each driver out there. Auto insurance companies vary their premiums depending on things like how old you are, how clean your driving record is, how good your credit score is, where you live, and a ton of other factors, so prices will differ quite a bit from person to person.

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

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

Louisiana Farm Bureau and State Farm only compete against each other in Louisiana, where Louisiana Farm Bureau offers the cheaper average premiums. 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 the state you live in. As we mentioned above, there's a lot of things that go into how insurance carriers determine your prices. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any group out there on the road. It's normally because teen 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 Louisiana Farm Bureau for their auto insurance pay almost 5% less than those who use State Farm.

However, both companies will offer you dramatically lower rates once you 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. Louisiana Farm Bureau's average premiums reduce over 45% during that same period.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? State Farm gets the edge, with prices for drivers 65 and older $42 cheaper than the national average for Louisiana Farm Bureau.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are usually more affordable for married drivers than they are for those who are single? That's normally because married couples tend to own and insure several vehicles, which can often earn you a discount.

For single policyholders, the difference in average prices between these two carriers is significant, with State Farm rates coming in at about 10% less than Louisiana Farm Bureau's. The advantage for married policyholders with State Farm is also obvious, where drivers save around $20 a month.

Louisiana Farm Bureau or State Farm: Average Rates by Gender

Did you know men tend to pay more for car insurance than women? That's because men are more likely to get speeding tickets and get into collisions, which raises the chances of filing a claim with insurance.

With Louisiana Farm Bureau, women usually pay about 2% per month less than men, and around 7% less with State Farm when compared to their male counterparts.

Looking at overall affordability, State Farm comes out on top for both men and women. On average, male drivers save about $19 a month and women save about $27 with State Farm compared to the average Louisiana Farm Bureau policyholder.

Louisiana Farm Bureau vs. 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.

It's no secret that insurance can be pretty complicated. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum liability insurance, State Farm has the edge, with average monthly premiums coming in at $99. If you want a full coverage policy with the same state minimum limits, State Farm again has the edge, with policies averaging around $216 per month to Louisiana Farm Bureau's $252.

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

You've probably seen plenty of commercials from auto insurance companies offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and at-fault collisions lead to higher premiums, but which company -- Louisiana Farm Bureau or State Farm -- has the lowest prices 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 car insurance can typically expect their monthly bill to go up about 13% after getting a speeding ticket. State Farm policyholders can expect a bit more drastic of an increase of around 14%.

That being said, State Farm is generally the less expensive option for drivers both with a ticket and with a clean record -- their rates are around 11% cheaper for drivers with clean records and 10% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault collision with Louisiana Farm Bureau increasing by about 22%. State Farm has a less extreme increase, but you can still expect to pay nearly 20% more than you were prior to your first accident.

At the end of the day, drivers who use State Farm end up with the cheaper prices after an accident, with average prices coming in at $163 compared to Louisiana Farm Bureau Insurance's $194.

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 speeding ticket or even an accident. Louisiana Farm Bureau drivers usually see a 26% raise in their insurance rates after a DUI charge, while State Farm will usually climb prices by around 25%.

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

In many cases, 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 car insurance factor, but it might come into play for a lot of drivers.

The reasoning auto insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will typically be forced to pay more.

Looking specifically at Louisiana Farm Bureau and State Farm, which one 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 Louisiana Farm Bureau or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly car insurance cost. That's because the fewer miles you put on your car, the less likely you are to be in a collision and file 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 rates for State Farm, with policyholders who drive the least paying about $13 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, State Farm is the less expensive carrier.

Louisiana Farm Bureau or State Farm: 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 insurance, but the type of area you live in can have a considerable impact as well. Generally, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer vehicles on the roads where they live.

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

For drivers in urban ZIP codes, State Farm's average rates are around $6 less than Louisiana Farm Bureau Insurance. People who live in suburban areas pay about $21 less with State Farm compared to Louisiana Farm Bureau. Those in rural areas can expect to save around $43 with State Farm compared to Louisiana Farm Bureau.

Louisiana Farm Bureau vs. State Farm Discounts

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

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Louisiana Farm Bureau and State Farm so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

State Farm knocks Louisiana Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 18 more discounts than Louisiana Farm Bureau.

There are a couple discounts both companies offer, but State Farm also offers discounts for ABS, annual mileage, anti-theft, and more.

On the other hand, Louisiana Farm Bureau has a proprietary discount of their own -- a vin etching discounts.

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

So, we've broken down the average prices for many of the variables insurance carriers look at, and we've shown you all the discounts each company offers. But, when it comes down to it, which carrier is the right company for you and your specific profile and needs?

State Farm might be best for you if....

• Your driving record includes a DUI charge.
• You want the most robust protection via a "full coverage" policy.
• You live in a rural area.

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

• You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide helps you get a good idea of the differences between Louisiana Farm Bureau and State Farm. We also hope we've given you the information you need to make the best decision about your auto 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 a handful of companies, not just Louisiana Farm Bureau and State Farm. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Louisiana Farm Bureau vs. State Farm FAQs

Is Louisiana Farm Bureau or State Farm cheaper?

State Farm is the more affordable of the two companies when looking at national average premiums, with policies averaging $158 a month with State Farm and $181 for Louisiana Farm Bureau. Even so, that doesn't mean State Farm will be the cheapest company for everyone, since there are multiple different factors that are considered when it comes to your auto insurance payment.

Who is better, Louisiana Farm Bureau or State Farm?

Sadly, the answer truly is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Louisiana Farm Bureau is cheaper for drivers who have less-than-stellar credit scores, while State Farm offers more affordable rates for policyholders with an at-fault collision on their record.

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

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

How do I know if Louisiana Farm Bureau or State Farm is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several carriers 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 information once and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the lowest price. And maybe you'll find that the best company for you isn't Louisiana Farm Bureau or State Farm 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.