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

Quick Facts

• In general, Texas Farm Bureau offers significantly cheaper premiums than Metlife
• Metlife offers more discounts than Texas Farm Bureau Insurance
• Texas Farm Bureau offers more affordable prices for residents in Texas

Metlife vs. Texas Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might have narrowed it down to Metlife or Texas Farm Bureau as your top options, but between the two, which carrier has less expensive rates for car insurance?

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

But that doesn't mean Texas Farm Bureau will necessarily be more affordable than Metlife for every driver. Auto insurance companies vary their premiums depending on things like how clean your driving record is, how old you are, where you live, how good your credit score is, and tons of other factors, so prices will change quite a bit from person to person.

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

Metlife or Texas Farm Bureau: Average Car Insurance Rates by State

Metlife and Texas Farm Bureau only compete against each other in Texas, where Texas Farm Bureau offers the cheaper average premiums. For Texas residents, Texas Farm Bureau offers car insurance for $139 per month on average. Metlife's average prices come out to be over 70% more expensive, at $361 a month.

There's a lot more that goes into your auto insurance bill than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any group on the road. That's generally because young, inexperienced 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 prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Texas Farm Bureau for their insurance pay more than $500 less than those who use Metlife. It's worth noting that Metlife offers car insurance in 44 different states compared to Texas Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both carriers will decrease prices once you turn 25. For example, average premiums for Metlife policyholders reduce over $500 and Texas Farm Bureau's rates drop nearly $90 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest insurance prices out there. After all, they've likely been driving for quite some time, which normally lowers their chances of accidents and other infractions that can increase premiums.

But who has the best rates for retired drivers between Metlife and Texas Farm Bureau? Texas Farm Bureau gets the edge here, with average premiums coming in at around $102 monthly compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically less expensive for married drivers than they are for single drivers? That's generally because married couples tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Texas Farm Bureau is the clear winner for those who are single, with prices about $270 a month more affordable than Metlife, on average. The advantage for married policyholders with Texas Farm Bureau is also obvious, where drivers save more than 50% per month.

Metlife vs. Texas Farm Bureau: Average Rates by Gender

Women tend to pay less for car insurance than men. 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.

Women usually pay around $30 a month less than men with Metlife, while with Texas Farm Bureau, the difference is closer to $17 per month.

When it comes to the most affordable prices for each gender, Texas Farm Bureau comes out as the cheapest option for both genders, with average premiums 58% less for men and 60% cheaper for women.

Metlife or Texas 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.

It's no secret that auto insurance can be pretty complicated. Everyone needs insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Texas Farm Bureau normally offers significantly cheaper rates of $87 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Texas Farm Bureau again has the edge, with policies about $250 a month less expensive than Metlife, on average.

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

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and at-fault accidents on your record, but which of these two companies offers the lowest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Texas Farm Bureau auto insurance policies don't report seeing their prices increase after getting a ticket, but Metlife policyholders can expect to see their monthly bill increase by around $60.

However, Texas Farm Bureau is typically the more affordable option for drivers both with clean records and with a ticket -- their rates are around 68% cheaper for drivers with clean records and 75% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Metlife policyholders who get in a collision can expect to see their rates increase by over 40%, while those who have insurance through Texas Farm Bureau will see about a 40% increase.

Overall, drivers who use Texas Farm Bureau end up with the cheaper prices after an accident, with monthly premiums averaging $114 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 an accident. Metlife drivers usually see a 55% increase in their insurance prices after a DUI charge, while Texas Farm Bureau will usually raise premiums by around 76%.

Texas Farm Bureau has the overall most affordable rates for drivers with a DUI on their records at $300 per month, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Texas Farm Bureau, so the data may be skewed slightly.

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

Did you know that many auto insurance carriers take into account your credit score when calculating prices? This isn't always the case (for example, California and Michigan are two states that ban the practice entirely), but it might come into play for several drivers.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the lowest rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Texas Farm Bureau. Drivers with "excellent" credit can save just under 75% compared to Metlife, and those with "good" scores can also expect to see savings -- about $166 or 61% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Texas Farm Bureau typically offers lower premiums than Metlife when it comes to drivers with bad credit. Drivers with "fair" credit pay around $192 per month less with Texas Farm Bureau compared to Metlife, and those with "poor" scores normally save an average of about $288 a month.

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

How much you drive can have a considerable impact on your monthly insurance cost. Typically, those who drive less will end up with less expensive prices since there's less of a chance of getting into a collision and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Texas Farm Bureau charges. However, there's a small difference in monthly rates for Metlife, with drivers who put 6,000 miles on their car annually paying around $3 less each month compared to those who drive 12,000 miles every year. Still, Texas Farm Bureau is the cheaper option for drivers in both categories.

Metlife vs. Texas 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 car insurance, but the type of area you live in can have a big impact as well. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Texas Farm Bureau usually comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

If you live in a rural area, you can expect to save about $167 with Texas Farm Bureau compared to Metlife. Drivers in suburban ZIP codes pay around $205 less with Texas Farm Bureau compared to Metlife. In urban areas, Texas Farm Bureau Insurance's average premiums are about $231 less than MetLife.

Metlife vs. Texas Farm Bureau Discounts

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

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

In the table below, we've broken down all of the different discounts offered by both Metlife and Texas Farm Bureau so that you can find the company that has the most discounts and, therefore, the biggest savings.

Metlife knocks Texas Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 36 different discounts to Texas Farm Bureau's six.

There are a couple discounts both companies offer, but Metlife also offers AAA discounts, ABS discounts, agency transfer discounts, and more that Texas Farm Bureau does not.

On the flip side, Texas Farm Bureau has a unique discount of its own -- a driver training discounts.

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

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

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

• You're single and purchasing auto insurance by yourself.
• Your credit score is high.
• You live in a rural area.

Metlife might be best for you if...

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

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

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

Metlife vs. Texas Farm Bureau FAQs

Is Metlife or Texas Farm Bureau cheaper?

Looking just at the national average rates, Texas Farm Bureau is the less expensive of the two companies, offering average rates of $139 a month compared to $340 for Metlife. Even so, Texas Farm Bureau won't necessarily be the most affordable company for everyone, since there are multiple different variables that come into play when it comes to your car insurance payment.

Who is better, Metlife or Texas Farm Bureau?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for each driver -- it all comes down to what your unique insurance profile looks like.

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

Auto insurance carriers take a look at a lot of different factors when determining the premiums they charge policyholders. Variables such as where your home is, age, where you live, gender, and sometimes even things like your credit score can all come into play. Both Metlife and Texas Farm Bureau use different formulas, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the insurance carrier 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, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the lowest rate. And who knows, the best company for you might not be Metlife or Texas Farm Bureau at all!

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.