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

Quick Facts

• In general, Mississippi Farm Bureau offers significantly less expensive premiums than Safeway
• Mississippi Farm Bureau offers more affordable prices for drivers who have a speeding ticket on their driving record
• Safeway may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance

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

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

You've maybe even narrowed your search down to Mississippi Farm Bureau or Safeway as your top options, but which one will offer you more affordable rates?

Looking at nationwide averages, Safeway is quite a bit more expensive than Mississippi Farm Bureau, with premiums averaging $194 a month compared to just $137 with Mississippi Farm Bureau.

However, that doesn't necessarily mean Mississippi Farm Bureau will be the cheaper option for every driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things), so prices will vary quite a bit from person to person.

Wanting to know if Mississippi Farm Bureau or Safeway 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. Safeway: Average Car Insurance Rates by State

Mississippi Farm Bureau and Safeway only compete against each other in Mississippi, where Safeway offers the cheaper average prices. Safeway drivers tend to pay about $1 per month less on average compared to drivers who use Mississippi Farm Bureau for their insurance.

That being said, there's a lot more that goes into your auto insurance bill than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any other group of drivers. Generally, that's 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 that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of almost 40% less a month by choosing Mississippi Farm Bureau over Safeway.

That being said, both companies will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for Mississippi Farm Bureau policyholders lower around $150 and Safeway's premiums reduce nearly $300 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest 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 rates for retired drivers between Mississippi Farm Bureau and Safeway? Mississippi Farm Bureau gets the edge, with prices for drivers 65 and older over 30% more affordable than the national average for Safeway.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper auto insurance premiums than single policyholders. That's because policies for married couples typically cover more than one vehicle, which quite a few carriers will give you a discount for.

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

Mississippi Farm Bureau or Safeway: Average Rates by Gender

You may not know, but car insurance is generally more expensive for men than for women. That's because men are more likely to get speeding tickets and get into collisions, which increases the chances of filing a claim with insurance.

On average, men see prices about 6% per month higher with Mississippi Farm Bureau, but with Safeway, the difference is closer to 9% a month.

When it comes to the most affordable premiums for each gender, Mississippi Farm Bureau comes out on top for both men and women. On average, women save about $52 per month and men save around $62 with Mississippi Farm Bureau compared to the average Safeway policyholder.

Mississippi Farm Bureau vs. Safeway: 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. There are many different coverages that account for multiple 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.

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

Looking specifically at state minimum limits for liability insurance, Mississippi Farm Bureau has the significant edge, with average monthly rates 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 Safeway's $258.

Is Mississippi Farm Bureau or Safeway 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.

At-fault accidents and speeding tickets will most likely raise your prices, but is Mississippi Farm Bureau or Safeway less expensive for drivers with spotty 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. Safeway policyholders can expect a less drastic increase of about 4%.

Even so, Mississippi Farm Bureau is typically the cheaper option for both drivers who have clean records and those with a recent ticket, offering rates that are 38% and 22% less expensive, respectively, compared to Safeway Insurance.

Which Company is Best for Drivers After an Accident?

Both carriers will increase premiums pretty significantly if you get into an at-fault collision with Safeway increasing by around 27%. Mississippi Farm Bureau has a less extreme increase, 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, drivers who use Mississippi Farm Bureau end up with the cheaper prices after an accident, with average rates coming in at $135 compared to Safeway Insurance's $223.

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, Mississippi Farm Bureau will climb your premiums about 44% after a DUI, while Safeway's average prices rise by over 25%.

But if you end up with a DUI charge and are looking for more affordable rates, Mississippi Farm Bureau tends to be more affordable for the average driver, with monthly premiums coming in at around $179 to Safeway's $220.

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

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

The reasoning insurance carriers use is that policyholders with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with less expensive prices.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Mississippi Farm Bureau or Safeway Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly car insurance payment. That's because the more milage you drive, the more likely you are to be in an accident and file an insurance claim.

In this case, neither Mississippi Farm Bureau or Safeway report increasing premiums for drivers with higher annual mileage figures. That being said, 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 each year, with average prices of $137 per month for both.

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

Where you park your vehicle can have a considerable impact on your monthly auto insurance cost. Normally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more cars on the road where they live, which increases the chances of an accident.

When comparing these two companies side-by-side, Mississippi Farm Bureau usually comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Mississippi Farm Bureau's average rates are about $161 while Safeway offers premiums around $234. People in suburban areas pay about $139 with Mississippi Farm Bureau compared to Safeway's $201 per month. Those in rural areas can expect to pay around $110 a month with Mississippi Farm Bureau and $146 with Safeway.

Mississippi Farm Bureau vs. Safeway Discounts

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

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

Luckily, we did the hard work for you and looked at all of the different discounts Mississippi Farm Bureau and Safeway offer their customers so that you can see which carrier can save you the most money each month.

Safeway blows Mississippi Farm Bureau away when it comes to the sheer amount of discounts available, offering six more discounts than Mississippi Farm Bureau.

There are a couple discounts both carriers offer, but Safeway also offers discounts for agency transfer, full coverage, homeowner, and more.

On the other hand, Mississippi Farm Bureau has a few proprietary discounts of their own for things like distant student discounts, driver training discounts, and multi-policy discounts.

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

You've seen the effect certain variables have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the best fit for you?

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

• You haven't received any speeding tickets or been in a collision in the last few years.
• You live in an suburban area.
• You want to save money while purchasing insurance for a teenager.

Safeway might be best for you if...

• You're looking for the carrier with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Mississippi Farm Bureau and Safeway and that you can now make a more informed decision when it comes to 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 carriers, not just Mississippi Farm Bureau and Safeway. Luckily, Compare.com does 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. Safeway FAQs

Is Mississippi Farm Bureau or Safeway cheaper?

Mississippi Farm Bureau is the more affordable of the two carriers when looking at national average prices, with policies averaging $137 a month with Mississippi Farm Bureau and $194 for Safeway. But that doesn't mean Mississippi Farm Bureau will be the cheapest company for everyone, since there are a range of different factors that are considered when it comes to your car insurance bill.

Who is better, Mississippi Farm Bureau or Safeway?

Sadly, the real answer is "it depends.". Neither carrier is "better" for every policyholder -- it all boils down to your unique insurance profile. For example, Safeway is cheaper for drivers who have less-than-stellar credit scores, while Mississippi Farm Bureau offers less expensive rates for policyholders with an at-fault collision on their record.

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

Auto insurance companies use lots of different variables when calculating the premiums they charge. Factors like gender, your driving record, age, where you live, and sometimes even things like your credit score can all be used. Both Mississippi Farm Bureau and Safeway use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from multiple 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 information once 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 most affordable rate. And maybe you'll find that the best company for you isn't Mississippi Farm Bureau or Safeway 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.