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

Quick Facts

• Looking at the national averages for car insurance, Missouri Farm Bureau offers significantly less expensive rates than Nationwide
• Missouri Farm Bureau tends to be a much cheaper option for single people who will be the only person on the auto insurance policy
• Nationwide may help you save more money -- they offer more discounts than Missouri Farm Bureau Insurance

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

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Missouri Farm Bureau or Nationwide as potential options, but between the two, which carrier will offer you more affordable prices?

Looking at nationwide averages, Nationwide has average rates that are around 35% a month more expensive than those from Missouri Farm Bureau.

But Missouri Farm Bureau may not be the most affordable or best option for each driver out there. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, your driving record, your credit score, or even where you call home (among other things). So, at the end of the day, premiums from each company will differ quite a bit from person to person.

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

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

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

There's a lot more that goes into your auto insurance payment than just where you call home. 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 insurance than any other group of drivers. The reason is that teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

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 almost 35% less a month by choosing Missouri Farm Bureau over Nationwide.

However, both companies will reduce rates by the time drivers turn 25. For example, average premiums for Missouri Farm Bureau policyholders decrease over 60% and Nationwide's prices lower more than 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the cheapest insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

When looking at Missouri Farm Bureau and Nationwide specifically, which company is best for retired drivers? Missouri Farm Bureau gets the edge, with premiums for drivers 65 and older over 35% less expensive than the national average for Nationwide.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance prices than married couples. That's because policies for married policyholders generally cover multiple vehicles, which many carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with Missouri Farm Bureau premiums coming in at a third less than Nationwide's. The advantage for married drivers with Missouri Farm Bureau is also obvious, where drivers save about $45 per month.

Missouri Farm Bureau or Nationwide: Average Rates by Gender

Because women are less likely to get into accidents and get tickets, they have a lower chance of filing a claim with insurance. So, women tend to pay less for insurance than men.

Normally, men see prices nearly 15% a month higher with Missouri Farm Bureau, and around 7% with Nationwide.

Looking at overall affordability, Missouri Farm Bureau offers the lowest average rates for both men and women, with average prices 32% less for men and 38% cheaper for women.

Missouri 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.

For most people, auto 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.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum liability insurance, Missouri Farm Bureau has the significant edge, with average monthly premiums coming in at $51. If you want a full coverage policy with the same state minimum limits, Missouri Farm Bureau again has the edge, with policies averaging about $170 per month to Nationwide's $229.

Is Missouri 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.

It's no secret secret that speeding tickets and at-fault collisions lead to higher rates, but which carrier -- Missouri Farm Bureau or Nationwide -- has the most affordable prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Missouri Farm Bureau for their insurance can usually expect their monthly bill to go up around 5% after getting a speeding ticket. Nationwide policyholders can expect a bit more drastic of an increase of about 16%.

That being said, Missouri Farm Bureau has more affordable rates for drivers in both categories -- their rates are around 22% cheaper for drivers with clean records and 32% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Missouri Farm Bureau drivers who get in an accident can expect to see their premiums climb by over $10, while those who have insurance through Nationwide will see around a $55 increase.

At the end of the day, drivers who use Missouri Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $109 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 collision or ticket when it comes to your car insurance bill. For example, Nationwide increases average premiums by more than $100 a month -- that's more than a 45% increase.

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

Did you know many auto insurance carriers take your credit score into account when determining rates? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it does affect a lot of policyholders out there.

Insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with cheaper prices.

Looking specifically at Missouri Farm Bureau and Nationwide, which one has the lowest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Missouri 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 considerable impact on your monthly premiums? Typically, the more milage you put on your car, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Missouri Farm Bureau charges. However, there's a small difference in monthly prices for Nationwide, with policyholders who drive 6,000 miles yearly paying about $1 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Missouri Farm Bureau is the more affordable company.

Missouri Farm Bureau or Nationwide: 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 big impact as well. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

Missouri Farm Bureau tends to offer the lowest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 40% with Missouri Farm Bureau compared to Nationwide. People who live in suburban areas pay about 31% less with Missouri Farm Bureau compared to Nationwide. For drivers in urban ZIP codes, Missouri Farm Bureau Insurance's average rates are around 34% less than Nationwide.

Missouri 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 auto insurance discounts as possible.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

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

Nationwide blows Missouri Farm Bureau away when it comes to the sheer amount of discounts available, offering 15 more discounts than Missouri Farm Bureau.

A couple of those are overlapping for things like discounts for being a good student, passive restraint discounts, and preferred customer discounts. Nationwide also offers discounts for advance quote, agency transfer, anti-theft, and more.

On the other hand, Missouri Farm Bureau has a few proprietary discounts of their own for things like hybrid vehicle discounts, multi-car discounts, and occupation discounts.

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

So, you've seen how different factors can affect your car insurance prices. We've shown you all the discounts each carrier offers, too. But, when it comes down to it, which insurance company is the best one for you and your specific driver profile?

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

• You've been pulled over for speeding recently.
• You're looking for the best premiums on liability only coverage.
• You're married and plan to have both of your names on the vehicle's insurance policy.

Nationwide might be best for you if...

• You already have plans to move to another state -- undefined is only available in.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Missouri Farm Bureau and Nationwide. We also hope we've given you the information you need to make the best decision about your car 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 carriers, not just Missouri Farm Bureau and Nationwide. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top insurance companies in your area, all in just a few minutes.

Missouri Farm Bureau vs. Nationwide FAQs

Is Missouri Farm Bureau or Nationwide cheaper?

Missouri Farm Bureau is the less expensive of the two carriers when looking at national average prices, with policies averaging $111 per month with Missouri Farm Bureau and $170 for Nationwide. However, that doesn't mean Missouri Farm Bureau will be the cheapest carrier for each policyholder, since there are many different variables that come into play when it comes to your auto insurance cost.

Who is better, Missouri Farm Bureau or Nationwide?

Unfortunately, the real answer is "it depends.". Neither company is necessarily "better" for every policyholder -- it all depends on what your unique car insurance profile looks like.

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

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

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

The only way to find the car 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Missouri 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.