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

Quick Facts

• Looking at the national averages for insurance, North Carolina Farm Bureau offers more affordable rates than State Farm
• North Carolina Farm Bureau offers cheaper average prices for policyholders who live in urban areas
• State Farm may help you save more money -- they offer more discounts than North Carolina Farm Bureau

North Carolina Farm Bureau or State Farm: 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 North Carolina Farm Bureau or State Farm for your next policy, but which carrier has less expensive premiums for car insurance?

Looking at nationwide averages, State Farm has average rates that are around 18% a month more expensive than those from North Carolina Farm Bureau.

But that doesn't necessarily mean North Carolina Farm Bureau will be the more affordable option for every single driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your age, your credit score, or even your driving record (among other things), so prices could change drastically from person to person.

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

North Carolina Farm Bureau vs. State Farm: Average Car Insurance Rates by State

North Carolina Farm Bureau and State Farm only compete against each other in North Carolina, where North Carolina 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 insurance.

That being said, there's a lot more that goes into your auto insurance payment than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers out there on the road. It's usually 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 teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 45% less a month by choosing North Carolina Farm Bureau over State Farm.

However, with both companies, you'll see your prices drop significantly by the time you turn 25. For example, average premiums for North Carolina Farm Bureau policyholders decrease almost 35% and State Farm's prices reduce nearly 60% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the lowest auto insurance rates you'll ever find. After all, they've likely been driving for quite some time, which typically decreases their chances of collisions and other infractions that can raise prices.

When looking at North Carolina Farm Bureau and State Farm specifically, which carrier is best for retired drivers? State Farm gets the slight edge here, with average premiums coming in at about $111 a month compared to North Carolina Farm Bureau's $120.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance rates tend to be cheaper for married couples than they are for those who are single. That's normally because married drivers tend to own and insure several vehicles, which can often earn you a discount.

For single drivers, the difference in average prices between these two carriers is significant, with North Carolina Farm Bureau premiums coming in at a quarter less than State Farm's. But for married policyholders, that advantage is much less clear - North Carolina Farm Bureau has the edge when it comes to average rates , but the difference is less than $5.

North Carolina Farm Bureau or State Farm: Average Rates by Gender

Men are statistically more likely than women to get into collisions and get speeding tickets, which means they'll typically end up paying more for car insurance than women.

With North Carolina Farm Bureau, everyone ends up paying the same monthly premiums regardless of gender, and around $10 cheaper with State Farm when compared to their male counterparts.

Looking at the data for each company specifically, North Carolina Farm Bureau comes out as the cheapest option for both genders. On average, women save about $22 per month and men save about $34 with North Carolina Farm Bureau compared to the average State Farm policyholder.

North Carolina Farm Bureau vs. 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.

It's no secret that auto insurance can be a complicated subject for most people. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability insurance, North Carolina Farm Bureau has the edge, with average monthly rates coming in at $78. If you want a full coverage policy with the same state minimum limits, North Carolina Farm Bureau again has the edge, with policies averaging around $182 a month to State Farm's $216.

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

It's no secret -- drivers with good records end up getting the best deals on their car 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 accidents lead to higher prices, but which carrier -- North Carolina Farm Bureau or State Farm -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use North Carolina Farm Bureau for their insurance can usually expect their monthly bill to go up about 29% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of around 14%.

That being said, North Carolina Farm Bureau tends to offer the best prices for drivers both with a ticket and with a clean record -- their rates are around 47% less expensive for drivers with clean records and 35% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through North Carolina Farm Bureau can expect to see about an $29 -- or around 29% -- rise in their insurance rates. Drivers who use State Farm for their car insurance will see a monthly bill about $29 (or 18%) more expensive after reporting an accident to their insurance company.

At the end of the day, drivers who use North Carolina Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $100 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 speeding ticket when it comes to your auto insurance bill. For example, North Carolina Farm Bureau increases average premiums by nearly $200 per month -- that's more than a 70% increase.

How does Credit Score Impact North Carolina Farm Bureau and State Farm Rates?

In many cases, your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an auto insurance factor) but it does affect lots of drivers out there.

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

Looking at North Carolina Farm Bureau and State Farm specifically, which company has the lowest prices 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 North Carolina Farm Bureau or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on how much insurance companies will charge for coverage. That's because the fewer miles you put on your car each year, the less likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much North Carolina Farm Bureau charges. However, there's a small difference in monthly rates for State Farm, with policyholders who drive the least paying around $13 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, North Carolina Farm Bureau is the less expensive carrier.

North Carolina Farm Bureau or State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a big role in how much you pay for auto insurance. Typically, 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.

North Carolina Farm Bureau boasts the cheapest average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, North Carolina Farm Bureau's average rates are about $65 less than State Farm. People who live in suburban areas pay around $18 less with North Carolina Farm Bureau compared to State Farm. Those in rural areas can expect to save about $1 with North Carolina Farm Bureau compared to State Farm.

North Carolina Farm Bureau vs. State Farm 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.

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 broke down all of the different discounts offered by both North Carolina Farm Bureau and State Farm so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

State Farm blows North Carolina Farm Bureau away when it comes to the sheer amount of discounts available, offering 20 more discounts than North Carolina Farm Bureau.

Both carriers offer quite a few of the same discounts -- like passive restraint discounts -- but State Farm also offers discounts for ABS, annual mileage, anti-theft, and more.

On the other hand, North Carolina Farm Bureau has a few proprietary discounts of their own like paid in full discounts and protection plus discounts.

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

So, you've seen how different variables can affect your car insurance prices. We've broken down the different discounts each carrier offers, too. But, at the end of the day, is North Carolina Farm Bureau or State Farm the right one for you and your specific needs?

North Carolina Farm Bureau might be best for you if....

• You will be the only person on the insurance policy.
• You're looking for the best premiums on liability only coverage.
• You have a short commute.

State Farm might be best for you if...

• Your driving record includes a DUI charge.
• You're looking for discounts -- State Farm has the most.
• You're of retirement age and want to take advantage of lower prices.

Hopefully, this guide helps you get a better idea of the difference between North Carolina 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 auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just North Carolina 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 free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

North Carolina Farm Bureau vs. State Farm FAQs

Is North Carolina Farm Bureau or State Farm cheaper?

North Carolina Farm Bureau is the more affordable of the two companies when looking at national average rates, with policies averaging $130 a month with North Carolina Farm Bureau and $158 for State Farm. But that doesn't mean North Carolina Farm Bureau will be the most affordable company for every driver, since there are multiple different factors that come into play when it comes to your auto insurance bill.

Who is better, North Carolina Farm Bureau or State Farm?

Unfortunately, the answer truly is "it depends.". One carrier is not necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, State Farm is cheaper for drivers who have already retired, while North Carolina Farm Bureau offers less expensive premiums for single drivers.

Why do North Carolina Farm Bureau and State Farm offer me different rates?

Insurance carriers use quite a few different variables when determining the rates they charge. Things such as gender, age, where you call home, your driving record, and sometimes even things like your credit score can all come into play. Both North Carolina Farm Bureau and State Farm calculate prices using different factors, so it's likely they'll offer different premiums. The best way to determine which company is the lowest for you is by comparing personalized quotes from several different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several carriers 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 ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't North Carolina Farm Bureau or State Farm 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.