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

Quick Facts

• Based on national averages for car insurance, Mississippi Farm Bureau offers significantly less expensive premiums than Progressive
• Mississippi Farm Bureau has more affordable rates for policyholders who are looking to purchase insurance with a spouse
• Progressive may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance

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

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering large savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Mississippi Farm Bureau or Progressive, but which one has cheaper prices for insurance?

Looking at the national average rates for both carriers, Mississippi Farm Bureau has average rates that are around 24% a month more affordable than those from Progressive.

But that doesn't necessarily mean Mississippi Farm Bureau will be the less expensive option for every single driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your age, your driving record, where you call home, or even your credit score (among other things). So, at the end of the day, premiums from each company will differ quite a bit from person to person.

Wanting to know if Mississippi Farm Bureau or Progressive is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

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

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

There's a lot more that goes into your insurance cost than just the state you live in. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

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

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Mississippi Farm Bureau save almost 40% a month compared to those who use Progressive.

Even so, both carriers will drop rates by the time drivers turn 25. Progressive offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Mississippi Farm Bureau's average prices decrease over 45% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance premiums 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 auto insurance.

But who has the best prices for retired drivers between Mississippi Farm Bureau and Progressive? Mississippi Farm Bureau gets the edge, with rates for drivers 65 and older nearly 30% cheaper than the national average for Progressive.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be less expensive for married policyholders than they are for single policyholders. That's because policies for married couples normally cover several vehicles, which many companies will give you a discount for.

For single drivers, the difference in average prices between these two carriers is significant, with Mississippi Farm Bureau premiums coming in at a quarter less than Progressive's. The advantage for married drivers with Mississippi Farm Bureau is also obvious, where drivers save about $20 per month.

Mississippi Farm Bureau or Progressive: Average Rates by Gender

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

Usually, men see rates around 6% a month higher with Mississippi Farm Bureau, and about 3% with Progressive.

Looking at the data for each company specifically, Mississippi Farm Bureau comes out as the lowest option for both genders. On average, male drivers save about $42 per month and women save around $45 with Mississippi Farm Bureau compared to the average Progressive policyholder.

Mississippi Farm Bureau vs. Progressive: 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 insurance can be pretty complicated. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

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 a month to Progressive's $250.

Is Mississippi Farm Bureau or Progressive 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.

Speeding tickets and collisions will most likely raise your prices, but is Mississippi Farm Bureau or Progressive 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 car insurance can normally expect their monthly bill to go up around 24% after getting a speeding ticket. Progressive policyholders can expect a less drastic increase of about 17%.

However, Mississippi Farm Bureau has more affordable rates for drivers in both categories, offering prices that are 32% and 26% less expensive, respectively, compared to Progressive.

Which Company is Best for Drivers After an Accident?

Both companies will raise rates pretty significantly if you get into an at-fault collision with Progressive climbing by around 30%. Mississippi Farm Bureau has a less extreme climb, but you can still expect to pay more than 25% more than you were prior to your first accident.

At the end of the day, Mississippi Farm Bureau offers the cheapest premiums for drivers with an at-fault collision on their records, with average prices coming in at $135 compared to Progressive's $214.

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 ticket or even an accident. For example, Mississippi Farm Bureau increases average rates by nearly $80 per month -- that's nearly a 45% increase.

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

Did you know many auto insurance carriers take your credit score into account when determining premiums? This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an insurance factor) but it will come into play for quite a few drivers.

The reasoning insurance companies use is that policyholders 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 Progressive, which carrier has the most affordable premiums 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 Progressive 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 rates? Usually, those who drive fewer miles will end up with cheaper prices since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Mississippi Farm Bureau or Progressive report increasing premiums for drivers with higher annual mileage figures. Still, Mississippi Farm Bureau comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car yearly, with average rates of $137 a month for both.

Mississippi Farm Bureau or Progressive: 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 sizable impact as well. Generally, 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 tends to offer the most affordable rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Mississippi Farm Bureau Insurance's average prices are about $46 less than Progressive. People who live in suburban areas pay around $40 less with Mississippi Farm Bureau compared to Progressive. Those in rural areas can expect to save about $44 with Mississippi Farm Bureau compared to Progressive.

Mississippi Farm Bureau vs. Progressive Discounts

No matter why you might be in the market for a new auto 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 utilizing as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by Mississippi Farm Bureau and Progressive so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Progressive knocks Mississippi Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 29 more discounts than Mississippi Farm Bureau.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts. Progressive also offers discounts for ABS, advance quote, advanced safety feature, and more.

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

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

So, we've broken down the average premiums for many of the factors auto insurance carriers look at, and walked through the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the best carrier for you and your specific needs?

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

• You want to save money on your car insurance after an accident.
• You want the most robust protection via a "full coverage" policy.
• You're of retirement age and want to take advantage of lower rates.

Progressive might be best for you if...

• You already have plans to move to another state -- undefined only offers policies to residents.
• Your driving record includes a DUI charge.
• You're looking for the company with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Mississippi Farm Bureau and Progressive and that you can now make a more informed decision when it comes to your insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from a handful of companies, not just Mississippi Farm Bureau and Progressive. Luckily, Compare.com does 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.

Mississippi Farm Bureau vs. Progressive FAQs

Is Mississippi Farm Bureau or Progressive cheaper?

Mississippi Farm Bureau is the more affordable of the two companies when looking at national average prices, with policies averaging $137 per month with Mississippi Farm Bureau and $180 for Progressive. But that doesn't mean Mississippi Farm Bureau will be the lowest carrier for every policyholder, since there are several different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Mississippi Farm Bureau or Progressive?

Unfortunately, the real answer is "it depends.". Neither company is necessarily "better" for each policyholder -- it all depends on what your unique insurance profile looks like. For example, Mississippi Farm Bureau is less expensive for drivers with excellent credit, while Progressive offers more affordable rates for drivers with a recent DUI.

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

Auto insurance carriers use lots of different factors when calculating the premiums they charge. Variables like your driving record, age, where you live, gender, and sometimes even things like your credit score can all be used. Both Mississippi Farm Bureau and Progressive 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 a range of different companies.

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

The only way to find the car insurance company that's right for you is by getting quotes from multiple 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 area information and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best carrier for you isn't Mississippi Farm Bureau or Progressive 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.