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

Quick Facts

• Looking at the national averages for car insurance, Oklahoma Farm Bureau offers significantly less expensive premiums than Metlife
• Metlife may help you save more money -- they offer more discounts than Oklahoma Farm Bureau Insurance
• Oklahoma Farm Bureau offers more affordable rates for policyholders who live in the suburbs

Metlife or Oklahoma Farm Bureau: 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 large savings. But exactly how much can you save by switching?

You might have narrowed it down to Metlife or Oklahoma Farm Bureau as your top options, but between the two, which company will offer you more affordable prices?

Looking at nationwide averages, Metlife has average rates that are around 50% a month more expensive than those from Oklahoma Farm Bureau.

That being said, Oklahoma Farm Bureau may not be the lowest or best option for every single driver out there. Insurance carriers use tons of complex algorithms to determine rates, so depending on how clean your driving record is or how good your credit score is (among lots of other factors), you could see wildly different premiums from the ones above.

So, if you want to find out which of Metlife or Oklahoma Farm Bureau is really the best for you, keep reading to see average rates for each carrier broken down by many different rate factors.

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

Metlife and Oklahoma Farm Bureau only compete against each other in Oklahoma, where Oklahoma Farm Bureau offers the cheaper average premiums. Oklahoma Farm Bureau drivers tend to pay about $122 per month less on average compared to drivers who use Metlife for their auto insurance.

That being said, there's a lot more that goes into your car insurance payment than just where you live. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. It's generally 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 that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of over 60% less a month by choosing Oklahoma Farm Bureau over Metlife. It's worth noting that Metlife offers car insurance in 44 different states compared to Oklahoma Farm Bureau's one, which can skew the average rates a bit, but the difference here is still considerable.

However, both companies will drop premiums by the time drivers turn 25. For example, average prices for Metlife policyholders reduce about $500 and Oklahoma Farm Bureau's premiums decrease more than $200 over that time.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best premiums to retired drivers? Oklahoma Farm Bureau gets the edge, with prices for drivers 65 and older over 40% cheaper than the national average for Metlife.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are normally less expensive for married couples than they are for single policyholders? That's typically because married policyholders tend to own and insure several vehicles, which can often earn you a discount.

For those who are single, the difference in average prices between these two carriers is significant, with Oklahoma Farm Bureau premiums coming in at around half of Metlife's. The advantage for married drivers with Oklahoma Farm Bureau is also obvious, where drivers save more than 35% per month.

Metlife or Oklahoma Farm Bureau: Average Rates by Gender

Women tend to pay less for insurance than men. That's because men are more likely to get speeding tickets and get into accidents, which increases the chances of filing a claim with insurance.

Typically, women see rates about $30 a month cheaper with Metlife, and around $25 with Oklahoma Farm Bureau.

Looking at overall affordability, Oklahoma Farm Bureau offers the lowest average premiums for both men and women, with average prices 47% less for men and 51% cheaper for women.

Metlife vs. Oklahoma 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. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

The two 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 collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability insurance, Oklahoma Farm Bureau has the significant edge, with average monthly rates coming in at $93. If you want a full coverage policy with the same state minimum limits, Oklahoma Farm Bureau again has the edge, with policies averaging about $256 per month to Metlife's $466.

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

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

You'll probably end up paying more with collisions and speeding tickets on your record, but which of these two companies offers the most affordable premiums to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Metlife for their auto insurance can generally expect their monthly bill to go up around 21% after getting a speeding ticket. Oklahoma Farm Bureau policyholders can expect a less drastic increase of about 10%.

Even so, Oklahoma Farm Bureau tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering prices that are 35% and 43% 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 rates climb by just under $150, while those who have insurance through Oklahoma Farm Bureau will see around a $15 increase.

At the end of the day, drivers who use Oklahoma Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $158 compared to MetLife's $368.

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 a collision. On average, Metlife will climb your premiums about 55% after a DUI, while Oklahoma Farm Bureau's average rates increase by more than 40%.

Oklahoma Farm Bureau has the overall cheapest prices for drivers with a DUI on their records at $240 monthly, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Oklahoma Farm Bureau, so the data may be skewed slightly.

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

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

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Metlife and Oklahoma Farm Bureau, which carrier has the lowest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Oklahoma Farm Bureau will normally reward you the most. For policyholders with "excellent" credit scores, Oklahoma Farm Bureau comes in over 21.62 cheaper. Drivers with "good" credit scores usually save around 36% with Oklahoma Farm Bureau compared to average prices from Metlife.

Which Company is Best for Drivers with Bad Credit?

Oklahoma Farm Bureau typically offers lower premiums than Metlife when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 48% a month less with Oklahoma Farm Bureau compared to Metlife, and those with "poor" scores normally save an average of around 67% a month.

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

How much you drive can have a big impact on your monthly rates. Typically, those who drive less will end up with more affordable 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 Oklahoma Farm Bureau charges. However, there's a small difference in monthly rates for Metlife, with policyholders who drive the least paying about $3 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Oklahoma Farm Bureau is the less expensive carrier.

Metlife or Oklahoma Farm Bureau: 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 auto insurance, but the type of area you live in can have a large impact as well. Generally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

Oklahoma Farm Bureau boasts the most affordable average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Oklahoma Farm Bureau Insurance's average rates are around $207 less than MetLife. People who live in suburban areas pay about $144 less with Oklahoma Farm Bureau compared to Metlife. Those in rural areas can expect to save around $147 with Oklahoma Farm Bureau compared to Metlife.

Metlife vs. Oklahoma Farm Bureau Discounts

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

The hard part is finding all of the discounts you can take advantage of, 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 compared all of the different discounts offered by Metlife and Oklahoma Farm Bureau so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

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

A couple of those are overlapping for things like discounts for being a defensive driver, group discounts, and multi-policy discounts. Metlife also offers discounts for AAA, ABS, academic, and more.

Oklahoma Farm Bureau's discounts come through just a few categories, including Defensive Driver, Good Student, Group Discount, and more.

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

So, you've seen how different factors can affect your insurance premiums. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which company is the best company for you and your specific needs?

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

• Your driving record contains an at-fault collision.
• You're worried about the impact your credit score will have on your prices.
• You've started working from home and don't have much of a commute.

Metlife might be best for you if...

• You're planning on moving to another state soon -- Oklahoma Farm Bureau Insurance only offers policies in OK.
• You care about discounts (Metlife offers the most).

Hopefully, this guide has ben a valuable resource as you compare Metlife and Oklahoma Farm Bureau and that it aids in making a more informed decision about your car 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 companies, not just Metlife and Oklahoma Farm Bureau. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Metlife vs. Oklahoma Farm Bureau FAQs

Is Metlife or Oklahoma Farm Bureau cheaper?

Oklahoma Farm Bureau is the cheaper of the two companies when looking at national average rates, with policies averaging $174 per month with Oklahoma Farm Bureau and $340 for Metlife. That being said, that doesn't mean Oklahoma Farm Bureau will be the cheapest carrier for each driver, since there are a bunch of different variables that are considered when it comes to your auto insurance cost.

Who is better, Metlife or Oklahoma Farm Bureau?

Sadly, the real answer is "it depends.". Neither company is necessarily "better" for every policyholder -- it all depends on the makeup of your unique insurance profile.

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

Car insurance carriers use many different factors when calculating the premiums they charge. Variables like your driving record, gender, where you live, age, and sometimes even things like your credit score can all be used. Both Metlife and Oklahoma Farm Bureau calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

How do I know if Metlife or Oklahoma 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 carriers 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 area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the lowest rate. And maybe you'll find that the best carrier for you isn't Metlife or Oklahoma 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.