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

Quick Facts

• In general, Missouri Farm Bureau offers significantly less expensive rates than Travelers
• Missouri Farm Bureau has more affordable prices for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Travelers offers more discounts than Missouri Farm Bureau Insurance

Missouri Farm Bureau vs. Travelers: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering hefty discounts, but exactly how much money can you save by switching?

You might have narrowed your search down to Missouri Farm Bureau or Travelers as potential options, but which company will offer you cheaper rates?

As you can see, Missouri Farm Bureau is quite a bit cheaper than Travelers, with prices averaging $111 per month compared to $167 with Travelers when looking at the national average rates for auto insurance.

However, that doesn't mean Missouri Farm Bureau will necessarily be less expensive than Travelers for every driver. Insurance companies vary their premiums depending on things like how good your credit score is, how old you are, how clean your driving record is, where you live, and all sorts of other factors, so rates will vary quite a bit from person to person.

So, if you want to find out which of Missouri Farm Bureau or Travelers is really the best for you, keep reading to see average prices for each company broken down by lots of different rate factors.

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

Missouri Farm Bureau and Travelers only compete against each other in Missouri, where Missouri Farm Bureau offers the cheaper average premiums. For Missouri residents, undefined offers auto insurance for undefined per month on average. undefined's average rates come out to be more expensive, at undefined monthly.

There are plenty of other factors that go into your car insurance bill than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group out there on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Missouri Farm Bureau for their insurance pay more than $100 less than those who use Travelers.

But both carriers will offer you dramatically lower rates by the time drivers turn 25. For example, average prices for Missouri Farm Bureau policyholders reduce over 60% and Travelers's premiums lower more than 60% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates out there.

So, which carrier offers the best prices to retired drivers? Missouri Farm Bureau gets the edge, with premiums for drivers 65 and older nearly 40% more affordable than the national average for Travelers.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are generally more expensive for single policyholders than they are for married couples? This usually boils down to married drivers having multiple cars on their policy -- something lots of insurance companies will reward with discounts.

When it comes to relationship status, Missouri Farm Bureau is the clear winner for single drivers, with prices about $60 a month cheaper than Travelers, on average. The advantage for married policyholders with Missouri Farm Bureau is also obvious, where drivers save almost 40% per month.

Missouri Farm Bureau vs. Travelers: Average Rates by Gender

Because men are more likely to get into collisions and get speeding tickets, they have an increased chance of filing a claim with insurance. Therefore, insurance carriers will often charge men more than women.

On average, women see premiums nearly 15% a month less with Missouri Farm Bureau, while with Travelers, the difference is closer to 6% per month.

Looking at the data for each company specifically, Missouri Farm Bureau comes out on top for both men and women. On average, women save about $59 a month and men save around $53 with Missouri Farm Bureau compared to the average Travelers policyholder.

Missouri Farm Bureau or 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.

It's no secret that auto insurance can be pretty complicated. There are a variety of different coverages that account for multiple different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

Even so, most policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum limits for liability insurance, Missouri Farm Bureau normally offers significantly less expensive rates of $51 compared to Travelers's $108. When it comes to full coverage policies with similar limits, Missouri Farm Bureau again has the edge, with policies about $55 per month more affordable than Travelers, on average.

Is Missouri Farm Bureau or Travelers 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.

You'll probably end up paying more with tickets and accidents on your record, but which of these two companies offers the lowest prices to drivers with less-than-ideal driving 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 Travelers typically raises prices around $32 per month, on average.

That being said, Missouri Farm Bureau is usually the cheaper option for drivers both with a speeding ticket and with a clean record, offering rates that are $31 and $58 less expensive, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Both carriers will increase premiums pretty significantly if you get into an at-fault accident with Travelers climbing by $45. Missouri Farm Bureau has a less extreme rise, but you can still expect to pay over $10 more than you were prior to your first collision.

Overall, the more affordable prices come from Missouri Farm Bureau, with monthly premiums averaging $109 compared to Travelers's $173.

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 ticket when it comes to your insurance bill. For example, Travelers increases average rates by more than $75 a month -- that's just under a 40% increase.

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

In many cases, your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect quite a few drivers out there.

Auto 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, policyholders with good credit will often be rewarded with cheaper premiums.

So, which carrier 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 Missouri Farm Bureau or Travelers Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on your monthly prices. That's because the more miles you drive, 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 rates for Travelers, with drivers who put 6,000 miles on their car annually paying about $5 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. 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 sizable impact as well. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer vehicles on the roads in those areas.

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

For policyholders in urban ZIP codes, Missouri Farm Bureau offers premiums around $132 a month compared to Travelers's $204. People who live in suburban ZIP codes can expect to pay about $109 per month for Missouri Farm Bureau and $160 for Travelers. Lastly, those in rural areas tend to get the lowest prices from both companies, with average monthly premiums coming in at $90 and $136 for Missouri Farm Bureau and Travelers respectively.

Missouri Farm Bureau vs. Travelers Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be hard to find all the ones you're eligible for or to nail down the company that has the most discounts for your unique driver profile.

Below, we've compared all of the different discounts offered by Missouri Farm Bureau and Travelers so that you can find the one that has the most discounts and, therefore, the biggest savings.

Travelers blows Missouri Farm Bureau away when it comes to the sheer amount of discounts available, offering 18 more discounts than Missouri Farm Bureau.

There are a couple discounts both carriers offer, but Travelers also offers ABS discounts, advance quote discounts, alternative fuel discounts, and more that Missouri Farm Bureau does not.

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

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

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

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

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" insurance.
• You and your spouse are buying auto insurance together.

Travelers might be best for you if...

• You're planning on moving to another state soon -- undefined is only available to residents.
• You're looking for the carrier with the most discounts.

We hope this guide has ben a valuable resource as you compare Missouri Farm Bureau and Travelers. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Missouri Farm Bureau and Travelers. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Missouri Farm Bureau vs. Travelers FAQs

Is Missouri Farm Bureau or Travelers cheaper?

Looking just at the national average prices, Missouri Farm Bureau is the more affordable of the two companies, offering average rates of $111 a month compared to $167 for Travelers. Even so, Missouri Farm Bureau won't necessarily be the cheapest company for every policyholder, since there are several different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Missouri Farm Bureau or Travelers?

Sadly, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like.

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

Insurance carriers take a look at many different factors when calculating the rates they charge drivers. Variables such as where your home is, age, gender, where you call home, and sometimes even things like your credit score can all come into play. Both Missouri Farm Bureau and Travelers calculate prices differently, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the auto insurance carrier 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 insurance companies in your area. With those, you can guarantee you're getting the lowest rate. And who knows, the best company for you might not be Missouri Farm Bureau or Travelers 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.