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

Quick Facts

• Looking at the national averages for auto insurance, Mississippi Farm Bureau offers significantly cheaper prices than Metlife
• Metlife may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance
• Mississippi Farm Bureau offers more affordable rates for single people who will be the only person on the car insurance policy

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

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

You might have narrowed your search down to Metlife or Mississippi Farm Bureau as your top options, but which carrier has more affordable premiums for auto insurance?

As you can see, Metlife has average rates that are around 60% a month more expensive than those from Mississippi Farm Bureau when looking at the national average rates for insurance.

Even so, Mississippi Farm Bureau may not be the lowest or best option for each driver out there. Auto insurance carriers use tons of complex algorithms to determine rates, so depending on how good your credit score is or how old you are (among a bunch of other factors), you could see wildly different prices from the ones above.

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

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

Metlife and Mississippi Farm Bureau only compete against each other in Mississippi, where Mississippi Farm Bureau offers the cheaper average prices. Mississippi Farm Bureau drivers tend to pay about $199 per month less on average compared to drivers who use Metlife for their car insurance.

There are plenty of other factors that go into your insurance payment than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group on the road. It's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of over 70% less a month by choosing Mississippi Farm Bureau over Metlife. It's worth noting that Metlife offers insurance in 44 different states compared to Mississippi Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

That being said, with both companies, you'll see your premiums lower significantly once you turn 25. For example, average rates for Metlife policyholders reduce about $500 and Mississippi Farm Bureau's prices drop around $150 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the cheapest auto insurance rates out there. After all, they've likely been driving for quite some time, which usually decreases their chances of collisions and other infractions that can raise prices.

When looking at Metlife and Mississippi Farm Bureau specifically, which carrier is best for retired drivers? Mississippi Farm Bureau gets the edge, with premiums for drivers 65 and older $111 less expensive than the national average for Metlife.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for those who are single than they are for married couples. That's normally because married drivers tend to own and insure multiple vehicles, which can often earn you a discount.

For single drivers, the difference in average premiums between these two carriers is significant, with Mississippi Farm Bureau prices coming in at about a third of Metlife's. The advantage for married policyholders with Mississippi Farm Bureau is also obvious, where drivers save more than 50% per month.

Metlife or Mississippi Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get into collisions and get tickets, which means they'll usually end up paying more for insurance than women.

On average, men see premiums almost 10% a month higher with Metlife, and around 6% more with Mississippi Farm Bureau.

Looking at the data for each company specifically, Mississippi Farm Bureau offers the most affordable average rates for both men and women, with average prices 60% less for men and 59% cheaper for women.

Metlife vs. Mississippi Farm Bureau: 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, auto insurance can be pretty complicated. There are so many different terms and limits that it can make it pretty confusing to find the right policy for you.

However, the most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability insurance, Mississippi Farm Bureau has the significant edge, with average monthly premiums coming in at $80. If you want a full coverage policy with the same state minimum limits, Mississippi Farm Bureau again has the edge, with policies averaging about $193 per month to Metlife's $466.

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

You've probably seen plenty of commercials from car 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 accidents lead to higher prices, but which carrier -- Metlife or Mississippi Farm Bureau -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Metlife for their insurance can generally expect their monthly bill to go up around 21% after getting a speeding ticket. Mississippi Farm Bureau policyholders can expect a bit more drastic of an increase of about 24%.

That being said, Mississippi Farm Bureau tends to offer the best prices for drivers both with clean records and with a ticket, offering rates that are 54% and 52% more affordable, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Metlife drivers who get in an accident can expect to see their prices rise by over 40%, while those who have insurance through Mississippi Farm Bureau will see around a 25% increase.

At the end of the day, drivers who use Mississippi Farm Bureau end up with the cheaper prices after an accident, with average premiums coming in at $135 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. For example, Metlife increases average rates by more than $250 a month -- that's more than a 55% increase.

Mississippi Farm Bureau has the overall most affordable prices for drivers with a DUI on their records at $179 a month, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Mississippi Farm Bureau, so the data may be skewed slightly.

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

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

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

Looking specifically at Mississippi Farm Bureau and Metlife, which company has the cheapest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Mississippi Farm Bureau will generally reward you the most. For drivers with "excellent" credit scores, Mississippi Farm Bureau comes in over 56.31 cheaper. Drivers with "good" credit scores usually save about 58% with Mississippi Farm Bureau compared to average premiums from Metlife.

Which Company is Best for Drivers with Bad Credit?

Mississippi Farm Bureau typically offers lower prices than Metlife when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 61% per month less with Mississippi Farm Bureau compared to Metlife, and those with "poor" scores typically save an average of about 62% per month.

Is Metlife or Mississippi Farm Bureau 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 auto insurance companies will charge for coverage. That's because the fewer miles you put on your car each year, 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 Mississippi Farm Bureau charges. However, there's a small difference in monthly rates for Metlife, with policyholders who drive 6,000 miles every year paying around $3 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Mississippi Farm Bureau is the less expensive company.

Metlife or Mississippi Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a sizable role in how much you pay for insurance. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers since there are a lot fewer vehicles on the roads where they live.

Mississippi Farm Bureau boasts the cheapest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $110 monthly with Mississippi Farm Bureau and $299 with Metlife. People in suburban areas pay a monthly rate of around $139 with Mississippi Farm Bureau compared to $333 with Metlife. For drivers in urban ZIP codes, Mississippi Farm Bureau's average prices are about $161 while Metlife offers premiums around $389.

Metlife vs. Mississippi Farm Bureau Discounts

No matter 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 you can, and the best way to do that is by taking advantage of as many auto insurance discounts as possible.

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.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Metlife and Mississippi Farm Bureau so that you can find the one that has the most discounts and, therefore, the largest savings.

Metlife knocks Mississippi Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 31 more discounts than Mississippi Farm Bureau.

Both carriers offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts -- but Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Mississippi Farm Bureau has a proprietary discount of their own -- a driver training discounts.

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

So, we've broken down the average prices for many of the variables car insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but at the end of the day, is Metlife or Mississippi Farm Bureau the right fit for you?

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

• You have a speeding ticket on your driving record.
• Your neighborhood is in a city.
• You and your spouse are buying insurance together.

Metlife might be best for you if...

• You're planning on moving to another state soon -- Mississippi Farm Bureau Insurance is only available in Mississippi.
• You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Metlife and Mississippi Farm Bureau and that it aids in making a more informed 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 multiple carriers, not just Metlife and Mississippi Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Metlife vs. Mississippi Farm Bureau FAQs

Is Metlife or Mississippi Farm Bureau cheaper?

Mississippi Farm Bureau is the more affordable of the two carriers when looking at national average rates, with policies averaging $137 a month with Mississippi Farm Bureau and $340 for Metlife. However, that doesn't mean Mississippi Farm Bureau will be the most affordable company for every driver, since there are a variety of different factors that are considered when it comes to your auto insurance bill.

Who is better, Metlife or Mississippi Farm Bureau?

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

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

Insurance companies use several different variables when calculating the premiums they charge. Factors like where your home is, where you park your car, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Metlife and Mississippi Farm Bureau calculate rates using different variables, so it's likely they'll offer different prices. 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 Metlife or Mississippi Farm Bureau 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 does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the most affordable price. And maybe you'll find that the best company for you isn't Metlife or Mississippi Farm Bureau 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.