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

Quick Facts

• Looking at the national averages for auto insurance, Mississippi Farm Bureau offers more affordable rates than State Farm
• Mississippi Farm Bureau offers more affordable prices for policyholders who drive a short distance to work everyday
• State Farm offers more discounts than Mississippi Farm Bureau Insurance

Mississippi Farm Bureau vs. State Farm: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering large discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Mississippi Farm Bureau or State Farm as your top options, but which carrier will save you the most?

Looking at nationwide averages, Mississippi Farm Bureau is about $21 per month cheaper than State Farm.

That being said, Mississippi Farm Bureau may not be the most affordable or best option for every single driver out there. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, your driving record, where you call home, or even your age (among other things), so premiums could change drastically from person to person.

So, if you want to find out which of Mississippi Farm Bureau or State Farm is really the best for you, keep reading to see average prices for each carrier broken down by a bunch of different rate factors.

Mississippi Farm Bureau or State Farm: Average Car Insurance Rates by State

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That being said, there's a lot more that goes into your car insurance cost than just your home state. Continue reading to see how other factors 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 auto insurance than any other group of drivers out there on the road. That's normally because young, inexperienced 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 car insurance rates. For example, 18-year-old drivers pay an average of $85 less a month by choosing Mississippi Farm Bureau over State Farm.

But both carriers will lower premiums by the time drivers turn 25. For example, average prices for Mississippi Farm Bureau policyholders drop more than 45% and State Farm's rates decrease nearly 60% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the cheapest insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which generally decreases their chances of accidents and other infractions that can increase rates.

So, which company offers the best premiums to retired drivers? Mississippi Farm Bureau gets the edge, with prices for drivers 65 and older $17 less expensive than the national average for State Farm.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance rates than married policyholders. That's because policies for married drivers typically cover multiple cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Mississippi Farm Bureau is the clear winner for single policyholders, with premiums around $23 per month more affordable than State Farm, on average. The advantage is also clear for married couples - Mississippi Farm Bureau offers the lowest average prices.

Mississippi Farm Bureau vs. State Farm: Average Rates by Gender

You may not know, but insurance is generally cheaper for women than it is for men. This is because men are statistically more likely than women to get tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher premiums.

Typically, women see rates almost $10 a month less expensive with Mississippi Farm Bureau, while with State Farm, the difference is closer to $12 per month.

Looking at overall affordability, Mississippi Farm Bureau offers the cheapest average prices for both men and women, with average premiums 14% less for men and 13% cheaper for women.

Mississippi Farm Bureau or State Farm: 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, car insurance can be pretty complicated. There are a range of different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

Even so, the most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having comprehensive and collision coverages in addition to what you get with liability).

If you're looking for state minimum liability insurance, Mississippi Farm Bureau usually offers cheaper rates of $80 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Mississippi Farm Bureau again has the edge, with policies about $25 a month less expensive than State Farm, on average.

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

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

At-fault collisions and tickets will most likely raise your prices, but is Mississippi Farm Bureau or State Farm cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Mississippi Farm Bureau policyholders can expect their premiums to go up an average of $32 per month if they get a ticket, while State Farm generally raises prices around $21 a month, on average.

But Mississippi Farm Bureau tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering rates that are $33 and $22 more affordable, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Both carriers will raise prices pretty significantly if you get into an at-fault accident with Mississippi Farm Bureau climbing by just under $35. State Farm has a less extreme raise, but you can still expect to pay nearly $30 more than you were prior to your first collision.

Overall, Mississippi Farm Bureau offers the lowest rates for drivers with an at-fault accident on their records, with monthly premiums averaging $135 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your car insurance bill. For example, Mississippi Farm Bureau increases average prices by just under $80 per month -- that's just under a 45% increase.

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

Did you know that many auto insurance companies take your credit score into account when calculating premiums? This isn't always the case (Michigan, for example, has banned the use of credit score as a rating factor) but it does affect lots of drivers out there.

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

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

How much you drive can have a considerable impact on how much car insurance companies will charge for coverage. Normally, those who drive less will end up with more affordable rates since there's less of a chance of getting into an accident 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 Mississippi Farm Bureau charges. However, there's a small difference in monthly prices for State Farm, with policyholders who drive the least paying about $13 less every month compared to those who drive 12,000 miles each year. Still, Mississippi Farm Bureau is the cheaper option for drivers in both categories.

Mississippi Farm Bureau vs. State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a sizable impact on your monthly auto insurance bill. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

Mississippi Farm Bureau boasts the cheapest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Mississippi Farm Bureau offers prices around $161 a month compared to State Farm's $185. People who live in suburban ZIP codes can expect to pay about $139 a month for Mississippi Farm Bureau and $161 for State Farm. Lastly, those in rural areas tend to get the lowest rates from both carriers, with average monthly premiums coming in at $110 and $127 for Mississippi Farm Bureau and State Farm respectively.

Mississippi Farm Bureau vs. State Farm Discounts

Regardless of 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 possible, and 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 difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

In the table below, we've compared all of the different discounts offered by Mississippi Farm Bureau and State Farm so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

State Farm knocks Mississippi Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 18 more discounts than Mississippi Farm Bureau.

Both companies offer several of the same discounts -- like discounts for being a defensive driver, discounts for getting driver training, and multi-policy discounts -- but State Farm also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Mississippi Farm Bureau does not.

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 State Farm Best for You?

You've seen the role certain variables have on your car insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Mississippi Farm Bureau or State Farm the best fit for you?

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

• You have a DUI charge on your record.
• Your home is located in the suburbs.
• You are over 65 years old and want to save some money on your auto insurance.

State Farm might be best for you if...

• You're thinking about moving to another state -- undefined is only available to residents.
• Your credit score is high.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between Mississippi Farm Bureau and State Farm. We also hope we've given you the information you need to make the best 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 multiple companies, not just Mississippi Farm Bureau and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Mississippi Farm Bureau vs. State Farm FAQs

Is Mississippi Farm Bureau or State Farm cheaper?

Looking just at the national average prices, Mississippi Farm Bureau is the more affordable of the two companies, offering average rates of $137 per month compared to $158 for State Farm. However, Mississippi Farm Bureau won't necessarily be the most affordable carrier for everyone, since there are multiple different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Mississippi Farm Bureau or State Farm?

Sadly, the real answer is "it depends.". Neither company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Mississippi Farm Bureau offers cheaper rates for drivers with a recent DUI, while State Farm is less expensive for drivers with excellent credit.

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

Auto insurance carriers take a look at a lot of different variables when determining the premiums they charge drivers. Factors like where you park your vehicle, gender, where you call home, age, and sometimes even things like your credit score can all come into play. Both Mississippi Farm Bureau and State Farm calculate rates using different variables, so each one will most likely offer different premiums. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the car 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 does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best carrier for you might not be Mississippi Farm Bureau or State Farm 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.