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

Quick Facts

• Based on national averages for car insurance, Mississippi Farm Bureau offers less expensive premiums than Travelers
• Mississippi Farm Bureau offers more affordable average rates for drivers who have below-average credit
• Travelers may help you save more money -- they offer more discounts than Mississippi Farm Bureau Insurance

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

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering sizable 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 Travelers as potential options, but which carrier will save you the most?

Looking at the national average rates for both carriers, Travelers is around $30 more a month than Mississippi Farm Bureau.

However, that doesn't necessarily mean Mississippi Farm Bureau will be the cheaper option for every single driver. Auto insurance companies use a ton of complex algorithms to determine prices, so depending on how old you are or how clean your driving record is (among an array of other factors), you could see wildly different premiums from the ones above.

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

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

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

But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how auto insurance carriers calculate your rates. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. It'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 car insurance prices. For example, 18-year-old drivers pay an average of 25% less a month by choosing Mississippi Farm Bureau over Travelers.

But both companies will lower premiums by the time you turn 25. For example, average prices for Mississippi Farm Bureau policyholders drop over 45% and Travelers's rates reduce more than 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable insurance prices you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for auto insurance.

When looking at Mississippi Farm Bureau and Travelers specifically, which carrier is best for retired drivers? Mississippi Farm Bureau gets the edge, with rates for drivers 65 and older almost 30% less expensive than the national average for Travelers.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be cheaper for married couples than they are for single policyholders. That's because policies for married policyholders generally cover more than one vehicle, which several carriers will give you a discount for.

For those who are single, the difference in average rates between these two companies is significant, with Mississippi Farm Bureau premiums coming in at about 15% less than Travelers's. The advantage is also clear for married drivers - Mississippi Farm Bureau offers the cheapest average prices.

Mississippi Farm Bureau or Travelers: Average Rates by Gender

You may not know, but insurance is normally cheaper for women than it is for men. That's because women are less likely to get into collisions and get tickets, which lowers the chances of filing a claim with insurance.

Generally, women see rates around 6% per month less with Mississippi Farm Bureau, and about 6% less with Travelers when compared to their male counterparts.

Looking at overall affordability, Mississippi Farm Bureau offers the lowest average premiums for both men and women, with average prices 18% less for men and 17% cheaper for women.

Mississippi Farm Bureau vs. Travelers: 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. Everyone needs auto 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 property damage and injuries if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum limits for 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 around $193 a month to Travelers's $225.

Is Mississippi Farm Bureau or Travelers 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.

It's no secret secret that speeding tickets and collisions lead to higher rates, but which company -- Mississippi Farm Bureau or Travelers -- has the most affordable prices 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 about 24% after getting a speeding ticket. Travelers policyholders can expect a less drastic increase of around 20%.

But Mississippi Farm Bureau has more affordable premiums for drivers in both categories, offering rates that are 21% and 17% less expensive, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Mississippi Farm Bureau can expect to see about an $34 -- or around 25% -- rise in their insurance prices. Drivers who use Travelers for their auto insurance will see a monthly bill about $45 (or 26%) more expensive after reporting an accident to their car insurance carrier.

At the end of the day, Mississippi Farm Bureau offers the lowest premiums for drivers with an at-fault collision on their records, with average rates coming in at $135 compared to Travelers's $173.

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 a collision. On average, Mississippi Farm Bureau will climb your premiums around 44% after a DUI, while Travelers's average prices climb by nearly 40%.

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

You may not have known, but your credit score can be used as one of the variables to determine your monthly insurance rates. This isn't true for everyone (Michigan, for example, has banned the use of credit score as an auto insurance factor) but it will come into play for lots of drivers.

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

So, which company offers the best prices 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 Travelers 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 considerable impact on your monthly rates? Typically, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing 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 Travelers, with policyholders who drive the least paying about $5 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Mississippi Farm Bureau is the more affordable carrier.

Mississippi Farm Bureau or Travelers: 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 large 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 cars on the road where they live, which decreases the chances of an accident.

Mississippi Farm Bureau tends to offer the most affordable rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Mississippi Farm Bureau's average prices are around $161 while Travelers offers premiums about $204. People in suburban areas pay a monthly premium of around $139 with Mississippi Farm Bureau compared to $160 with Travelers. If you live in a rural area, you can expect to pay about $110 a month with Mississippi Farm Bureau compared to Travelers's $136.

Mississippi Farm Bureau vs. Travelers 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 auto 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 qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Mississippi Farm Bureau and Travelers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Travelers blows Mississippi Farm Bureau away when it comes to the sheer amount of discounts available, offering 25 different discounts to Mississippi Farm Bureau's five.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and multi-policy discounts. Travelers also offers discounts for ABS, advance quote, alternative fuel, 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 Travelers Best for You?

So, we've broken down the average rates for many of the factors car insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, which insurance company is the best company for you and your specific profile and needs?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• Your credit score is high.
• You live in a rural neighborhood.

Travelers might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies to residents.
• You care about discounts (Travelers offers the most).

Hopefully, this guide has ben a valuable resource as you compare Mississippi Farm Bureau and Travelers. We also hope we've given you the information you need to make the best decision when it comes to your auto 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 insurance -- comparing quotes from a handful of carriers, not just Mississippi Farm Bureau and Travelers. 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 companies in your area, all in just a few minutes.

Mississippi Farm Bureau vs. Travelers FAQs

Is Mississippi Farm Bureau or Travelers cheaper?

Mississippi Farm Bureau is the less expensive of the two carriers when looking at national average premiums, with policies averaging $137 per month with Mississippi Farm Bureau and $167 for Travelers. That being said, that doesn't mean Mississippi Farm Bureau will be the lowest carrier for each driver, since there are lots of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Mississippi Farm Bureau or Travelers?

Unfortunately, the answer truly is "it depends.". Neither company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

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

Car insurance companies use quite a few different factors when determining the rates they charge. Things such as where your home is, gender, age, where you live, and sometimes even things like your credit score can all be used. Both Mississippi Farm Bureau and Travelers calculate prices using different variables, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the auto insurance company 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 do all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the most affordable price. And maybe you'll find that the best carrier for you isn't Mississippi Farm Bureau or Travelers 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.