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

Quick Facts

• Based on national averages for insurance, Missouri Farm Bureau offers significantly more affordable premiums than State Farm
• Missouri Farm Bureau offers cheaper average rates for drivers who have less-than-stellar credit
• State Farm offers more discounts than Missouri Farm Bureau Insurance

Missouri 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 big discounts. But exactly how much can you save by switching?

You might have narrowed your search down to Missouri Farm Bureau or State Farm as your top options, but between the two, which carrier has less expensive premiums for car insurance?

Looking at the national average rates for both companies, State Farm is quite a bit more expensive than Missouri Farm Bureau, with rates averaging $158 per month compared to just $111 with Missouri Farm Bureau.

But that doesn't mean Missouri Farm Bureau will necessarily be more affordable than State Farm for every driver. Insurance carriers use a variety of complex algorithms to calculate prices, so depending on how clean your driving record is or where you live (among a variety of other factors), you could see wildly different premiums from the ones above.

Wanting to know if Missouri Farm Bureau or State Farm 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.

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

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But there's more to calculating car insurance prices than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. That's normally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $100 less a month by choosing Missouri Farm Bureau over State Farm.

Even so, with both companies, you'll see your rates decrease significantly once you turn 25. For example, average prices for Missouri Farm Bureau policyholders lower over $150 and State Farm's premiums reduce about $200 over that time.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best rates to retired drivers? Missouri Farm Bureau gets the edge, with premiums for drivers 65 and older more than 25% cheaper than the national average for State Farm.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more expensive for those who are single than they are for married couples. This usually boils down to married policyholders having several cars on their policy -- something several car insurance carriers will reward with discounts.

When it comes to relationship status, Missouri Farm Bureau is the clear winner for single policyholders, with rates around $53 per month less expensive than State Farm, on average. The advantage is also clear for married drivers - Missouri Farm Bureau offers the most affordable average prices.

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

Did you know women tend to pay less for auto insurance than men? This is because men are more likely to get speeding tickets and get into collisions, which increases the chances of an insurance claim.

Normally, women see rates over $15 a month cheaper with Missouri Farm Bureau, and about $10 cheaper with State Farm when compared to their male counterparts.

Looking at overall affordability, Missouri Farm Bureau offers the cheapest average premiums for both men and women, with average prices $45 less for men and $50 cheaper for women.

Missouri 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, insurance isn't the easiest topic to understand. 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.

That being said, most policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Missouri Farm Bureau usually offers significantly less expensive rates of $51 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Missouri Farm Bureau again has the edge, with policies around $45 per month more affordable than State Farm, on average.

Is Missouri 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 car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that tickets and at-fault accidents lead to higher premiums, but which carrier -- Missouri Farm Bureau or State Farm -- has the most affordable prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Missouri Farm Bureau policyholders can expect their premiums to go up an average of $5 a month if they get a ticket, while State Farm normally raises rates about $21 per month, on average.

However, Missouri Farm Bureau has cheaper premiums for drivers in both categories, offering rates that are 28% and 34% less expensive, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Missouri Farm Bureau drivers who get in an accident can expect to see their prices climb by over 10%, while those who have insurance through State Farm will see around a 20% increase.

Overall, drivers who use Missouri Farm Bureau end up with the cheaper prices after an accident, with monthly premiums averaging $109 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 accident or speeding ticket when it comes to your insurance bill. For example, State Farm increases average rates by $45 a month -- that's over a 25% increase.

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

You may not realized it, but your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for many policyholders.

Car 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 more affordable prices.

So, which company offers the best rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Missouri Farm Bureau or State Farm Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly prices. That's because the more miles you put on your vehicle, the more likely you are to get into a collision and cause an insurance claim.

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 premiums for State Farm, with policyholders who drive the least paying about $13 less each month compared to those who drive 12,000 miles yearly. Still, Missouri Farm Bureau is the less expensive option for drivers in both categories.

Missouri Farm Bureau vs. State Farm: 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 auto 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 boasts the lowest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable prices from both carriers, but Missouri Farm Bureau comes out on top with average premiums around $90 monthly. Missouri Farm Bureau also has more affordable average rates for policyholders in urban and suburban ZIP codes -- a $53 and $52 per month respective difference when compared to State Farm drivers in similar areas.

Missouri Farm Bureau vs. State Farm Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many car insurance discounts as you can.

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.

In the section below, we've taken a look at all of the different discounts Missouri Farm Bureau and State Farm offer their customers so that you can find the one that has the most discounts and, therefore, the biggest savings.

State Farm knocks Missouri Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 16 more discounts than Missouri Farm Bureau.

There are a couple discounts both companies offer, but State Farm also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Missouri Farm Bureau does not.

On the flip side, Missouri Farm Bureau has a couple unique discounts of its own -- hybrid vehicle discounts, occupation discounts, and preferred customer discounts.

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

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. But, at the end of the day, is Missouri Farm Bureau or State Farm the right company for you and your specific driver profile?

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

• You haven't received any speeding tickets or been in an accident in the last few years.
• You want basic insurance coverage at the state minimum limits.
• You're married and plan to have both of your names on the vehicle's auto insurance policy.

State Farm might be best for you if...

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

We hope this guide helps you get a better idea of the difference between Missouri 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 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 multiple companies, not just Missouri Farm Bureau and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. 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.

Missouri Farm Bureau vs. State Farm FAQs

Is Missouri Farm Bureau or State Farm cheaper?

Looking just at the national average premiums, Missouri Farm Bureau is the cheaper of the two companies, offering average rates of $111 a month compared to $158 for State Farm. That being said, Missouri Farm Bureau won't necessarily be the cheapest carrier for every policyholder, since there are multiple different variables that are considered when it comes to your insurance payment.

Who is better, Missouri Farm Bureau or State Farm?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Missouri Farm Bureau offers more affordable prices for drivers with a recent DUI, while State Farm is less expensive for drivers with excellent credit.

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

Car insurance carriers take a look at quite a few different factors when calculating the rates they charge policyholders. Things such as age, gender, your driving record, where you live, and sometimes even things like your credit score can all be used. Both Missouri Farm Bureau and State Farm calculate prices using different variables, so each one will most likely offer different rates. 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 Missouri Farm Bureau or State Farm is right for me?

The only way to find the 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 information once and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Missouri 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.