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

Quick Facts

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

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

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

You've maybe even narrowed it down to Metlife or Missouri Farm Bureau as potential options, but between the two, which carrier will offer you cheaper premiums?

Looking at nationwide averages, Missouri Farm Bureau has average rates that are around 65% a month more affordable than those from Metlife.

However, that doesn't necessarily mean Missouri Farm Bureau will be the less expensive option for each driver. Car insurance carriers use tons of complex algorithms to determine rates, so depending on where you live or how good your credit score is (among a variety of other factors), you could see wildly different prices from the ones above.

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

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

Metlife and Missouri Farm Bureau only compete against each other in Missouri, where Missouri Farm Bureau offers the cheaper average prices. Missouri Farm Bureau drivers tend to pay about $170 per month less on average compared to drivers who use Metlife for their insurance.

But there's more to calculating auto insurance premiums than just where you call home. Keep reading to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any group on the road. That's typically because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 75% less a month by choosing Missouri Farm Bureau over Metlife. It's worth noting that Metlife offers car insurance in 44 different states compared to Missouri Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

But with both companies, you'll see your rates drop significantly once you turn 25. For example, average premiums for Metlife policyholders reduce more than 70% and Missouri Farm Bureau's rates lower over 60% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Metlife and Missouri Farm Bureau? Missouri Farm Bureau gets the edge, with rates for drivers 65 and older $124 cheaper than the national average for Metlife.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly more affordable car insurance prices than those who are single. That's normally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two carriers is significant, with Missouri Farm Bureau rates coming in at about 70% less than Metlife's. The advantage for married couples with Missouri Farm Bureau is also obvious, where drivers save around $150 per month.

Metlife or Missouri Farm Bureau: Average Rates by Gender

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

Generally, women see premiums almost 10% a month less with Metlife, but with Missouri Farm Bureau, the difference is closer to 14% per month.

Looking at overall affordability, Missouri Farm Bureau comes out as the most affordable option for both genders, with average prices $235 less for men and $224 cheaper for women.

Metlife vs. Missouri 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, insurance isn't the easiest topic to understand. There are multiple different coverages that account for a bunch of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability).

Looking specifically at state minimum liability insurance, Missouri Farm Bureau has the significant edge, with average monthly rates coming in at $51. If you want a full coverage policy with the same state minimum limits, Missouri Farm Bureau again has the edge, with policies averaging about $170 a month to Metlife's $466.

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

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

You'll probably end up paying more with speeding tickets and collisions on your record, but which of these two carriers offers the lowest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Metlife for their auto insurance can normally expect their monthly bill to go up around 21% after getting a speeding ticket. Missouri Farm Bureau policyholders can expect a less drastic increase of about 5%.

Even so, Missouri Farm Bureau has cheaper prices for drivers in both categories. With Missouri Farm Bureau Insurance, drivers with a clean record can save around $123 per month and drivers with a ticket can save about $177 a month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Metlife can expect to see around an $148 -- or about 40% -- rise in their insurance premiums. Drivers who use Missouri Farm Bureau for their auto insurance will see a monthly bill around $12 (or 11%) more expensive after reporting a collision to their insurance company.

At the end of the day, drivers who use Missouri Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $109 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 car insurance bill. On average, Metlife will raise your rates about 55% after a DUI, while Missouri Farm Bureau's average premiums climb by nearly 30%.

Missouri Farm Bureau has the overall most affordable prices for drivers with a DUI on their records at $134 monthly, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Missouri Farm Bureau, so the data may be skewed slightly.

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

Did you know many auto insurance companies take your credit score into account when determining rates? This isn't true for everyone (for example, California and Michigan are two states that ban the practice entirely), but it does affect many drivers 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, policyholders with good credit will often be rewarded with less expensive premiums.

So, which carrier offers the cheapest rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Missouri Farm Bureau will typically reward you the most. For policyholders with "excellent" credit scores, Missouri Farm Bureau comes in more than 60.81 cheaper. Drivers with "good" credit scores generally save around 65% with Missouri Farm Bureau compared to average prices from Metlife.

Which Company is Best for Drivers with Bad Credit?

Missouri Farm Bureau typically offers lower rates than Metlife when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 68% per month less with Missouri Farm Bureau compared to Metlife, and those with "poor" scores normally save an average of around 71% a month.

Is Metlife or Missouri 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 your monthly prices. Typically, the more milage you put on your car, 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 Missouri Farm Bureau charges. However, there's a small difference in monthly premiums for Metlife, with policyholders who drive 6,000 miles every year paying about $3 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Missouri Farm Bureau is the less expensive company.

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

Where your home is can play a large role in how much you pay for car insurance. Generally, 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.

Missouri Farm Bureau tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Missouri Farm Bureau's average premiums are around $132 a month compared to Metlife's $389. Drivers in suburban ZIP codes pay about $109 with Missouri Farm Bureau compared to Metlife's $333 per month. If you live in a rural area, you can expect to pay around $90 a month with Missouri Farm Bureau compared to Metlife's $299.

Metlife vs. Missouri 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 insurance discounts as possible.

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

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

Metlife blows Missouri Farm Bureau away when it comes to the sheer amount of discounts available, offering 29 more discounts than Missouri Farm Bureau.

A couple of those are overlapping for things like discounts for being a good student, multi-policy discounts, and preferred customer discounts. Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Missouri Farm Bureau has a few proprietary discounts of their own like hybrid vehicle discounts and occupation discounts.

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

So, we've broken down the average rates for many of the variables car insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, which company is the right company for you and your specific profile and needs?

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

• You have an at-fault accident on your record.
• Your neighborhood is in the suburbs.
• You have a short commute.

Metlife might be best for you if...

• You are considering moving to another state -- Missouri Farm Bureau Insurance is only available in MO.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Metlife and Missouri Farm Bureau. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

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

Metlife vs. Missouri Farm Bureau FAQs

Is Metlife or Missouri Farm Bureau cheaper?

Missouri Farm Bureau is the more affordable of the two carriers when looking at national average prices, with policies averaging $111 per month with Missouri Farm Bureau and $340 for Metlife. That being said, that doesn't mean Missouri Farm Bureau will be the cheapest carrier for every policyholder, since there are several different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Metlife or Missouri Farm Bureau?

Sadly, the answer truly is "it depends.". Neither company is "better" for each policyholder -- it all comes down to what your unique auto insurance profile looks like.

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

Car insurance companies use a lot of different variables when calculating the premiums they charge. Factors such as where you live, gender, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both Metlife and Missouri Farm Bureau use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from a range of different carriers.

How do I know if Metlife or Missouri Farm Bureau is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of 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 information once and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best carrier for you isn't Metlife or Missouri 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.