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

Quick Facts

• Looking at the national averages for car insurance, Mississippi Farm Bureau offers more affordable rates than Nationwide
• Mississippi Farm Bureau has less expensive premiums for policyholders whose driving record contains an at-fault collision
• Nationwide may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance

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

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Mississippi Farm Bureau or Nationwide as potential options, but which carrier has cheaper prices for auto insurance?

As you can see, Mississippi Farm Bureau has average rates that are around 19% a month more affordable than those from Nationwide when looking at the national average rates for insurance.

But that doesn't mean Mississippi Farm Bureau will necessarily be less expensive than Nationwide for every single driver. Car insurance carriers vary their rates depending on things like how good your credit score is, how clean your driving record is, where you live, how old you are, and tons of other factors. So, at the end of the day, premiums from every company will differ quite a bit from person to person.

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

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

Mississippi Farm Bureau and Nationwide only compete against each other in Mississippi, where Nationwide offers the cheaper average prices. Nationwide drivers tend to pay about $6 per month less on average compared to drivers who use Mississippi Farm Bureau for their insurance.

There's a lot more that goes into your car insurance payment than just your home state. 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 auto insurance than any other group of drivers out there on the road. That's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 30% less a month by choosing Mississippi Farm Bureau over Nationwide.

That being said, with both companies, you'll see your premiums lower significantly by the time you turn 25. Nationwide offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Mississippi Farm Bureau still has the lowest prices at $143 monthly.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable car insurance rates you can find. After all, they've likely been driving for quite some time, which normally reduces their chances of collisions and other infractions that can raise prices.

But who has the best premiums for retired drivers between Mississippi Farm Bureau and Nationwide? Mississippi Farm Bureau gets the edge, with rates for drivers 65 and older almost 25% cheaper than the national average for Nationwide.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be less expensive for married couples than they are for single policyholders. This usually boils down to married policyholders having more than one vehicle on their policy -- something many car insurance carriers will reward with discounts.

For single drivers, the difference in average prices between these two companies is significant, with Mississippi Farm Bureau rates coming in at a quarter less than Nationwide's. For married drivers, the advantage is clear again - Mississippi Farm Bureau has the edge when it comes to average premiums.

Mississippi Farm Bureau or Nationwide: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for auto insurance than women.

Women typically pay about $10 per month less than men with Mississippi Farm Bureau, but with Nationwide, the difference is closer to $12 a month.

Looking at overall affordability, Mississippi Farm Bureau comes out as the cheapest option for both genders. On average, male drivers save about $35 per month and women save around $31 with Mississippi Farm Bureau compared to the average Nationwide policyholder.

Mississippi Farm Bureau vs. Nationwide: 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.

Insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

However, the 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 an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Mississippi Farm Bureau has the significant edge, with average monthly prices 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 a month to Nationwide's $229.

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

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

Speeding tickets and accidents will most likely raise your rates, but is Mississippi Farm Bureau or Nationwide cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Mississippi Farm Bureau for their insurance can normally expect their monthly bill to go up around 24% after getting a speeding ticket. Nationwide policyholders can expect a less drastic increase of about 16%.

Even so, Mississippi Farm Bureau is usually the more affordable option for drivers both with clean records and with a ticket, offering prices that are $24 and $16 less expensive, respectively, compared to Nationwide.

Which Company is Best for Drivers After an Accident?

Mississippi Farm Bureau drivers who get in a collision can expect to see their rates climb by just under $35, while those who have insurance through Nationwide will see around a $55 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 Nationwide's $178.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. On average, Nationwide will raise your prices about 46% after a DUI, while Mississippi Farm Bureau's average rates increase by nearly 45%.

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

Did you know many insurance carriers take into account your credit score when determining premiums? This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it does affect lots of policyholders out there.

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

Looking at Mississippi Farm Bureau and Nationwide specifically, which one has the lowest rates 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 Mississippi Farm Bureau or Nationwide Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on your monthly insurance cost? Typically, the more milage you put on your car, the more you can expect to pay for auto insurance.

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 premiums for Nationwide, with drivers who put 6,000 miles on their vehicle every year paying around $1 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Mississippi Farm Bureau is the cheaper company.

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

Where you call home can play a considerable role in how much you pay for car insurance. Usually, 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.

Mississippi Farm Bureau boasts the cheapest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Mississippi Farm Bureau Insurance's average premiums are about $38 less than Nationwide. People who live in suburban areas pay around $20 less with Mississippi Farm Bureau compared to Nationwide. Those in rural areas can expect to save about $41 with Mississippi Farm Bureau compared to Nationwide.

Mississippi Farm Bureau vs. Nationwide 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 insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

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

Nationwide knocks Mississippi Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 17 more discounts than Mississippi Farm Bureau.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and multi-policy discounts. Nationwide also offers discounts for advance quote, agency transfer, anti-theft, and more.

Mississippi Farm Bureau's discounts come through just a few categories, including Defensive Driver, Distant Student, Driver Training, and more.

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

So, you've seen how different variables can affect your car insurance prices. 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 insurance company is the right carrier for you and your specific needs?

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

• You have less-than-stellar credit.
• You live in an urban area.
• You're of retirement age and want to take advantage of lower premiums.

Nationwide might be best for you if...

• You're thinking about moving to another state -- undefined only offers policies to residents.
• You're looking for discounts -- Nationwide has the most.

Hopefully, this guide has ben a valuable resource as you compare Mississippi Farm Bureau and Nationwide. 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 car insurance policy is to compare quotes from a handful of carriers, not just Mississippi Farm Bureau and Nationwide. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Mississippi Farm Bureau vs. Nationwide FAQs

Is Mississippi Farm Bureau or Nationwide cheaper?

Mississippi Farm Bureau is the more affordable of the two carriers when looking at national average prices, with policies averaging $137 per month with Mississippi Farm Bureau and $170 for Nationwide. But that doesn't mean Mississippi Farm Bureau will be the most affordable carrier for every driver, since there are a range of different factors that come into play when it comes to your auto insurance bill.

Who is better, Mississippi Farm Bureau or Nationwide?

Unfortunately, the answer truly is "it depends.". No one company is necessarily "better" for each policyholder -- it all comes down to what your unique insurance profile looks like.

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

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

How do I know if Mississippi Farm Bureau or Nationwide is right for me?

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