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

Quick Facts

• Looking at the national averages for car insurance, Southern Farm Bureau offers significantly less expensive prices than Travelers
• Southern Farm Bureau has cheaper premiums for policyholders who are looking to purchase insurance with a spouse
• Travelers may help you save more money -- they offer more discounts than Southern Farm Bureau Insurance

Southern Farm Bureau or Travelers: 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 large savings. But exactly how much can you save by switching?

You might have narrowed it down to Southern Farm Bureau or Travelers as potential options, but between the two, which carrier will offer you more affordable prices?

Looking at nationwide averages, Travelers has average rates that are around 40% a month more expensive than those from Southern Farm Bureau.

Even so, Southern Farm Bureau may not be the most affordable or best option for each driver out there. Insurance carriers use a variety of complex algorithms to determine rates, so depending on how clean your driving record is or how old you are (among a whole range of other factors), you could see wildly different premiums from the ones above.

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

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

Southern Farm Bureau and Travelers only compete against each other in Arkansas, where Southern 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 car insurance.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how auto insurance companies calculate your premiums. 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 usually pay a lot more for insurance than any other group of drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

That being said, that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of over 45% less a month by choosing Southern Farm Bureau over Travelers.

But with both carriers, you'll see your prices reduce significantly by the time drivers turn 25. For example, average rates for Southern Farm Bureau policyholders decrease about 50% and Travelers's premiums lower more than 60% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Southern Farm Bureau and Travelers specifically, which carrier is best for retired drivers? Southern Farm Bureau gets the edge, with premiums for drivers 65 and older $56 less expensive than the national average for Travelers.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper auto insurance rates than those who are single. That's normally because married policyholders tend to own and insure multiple vehicles, which can often earn you a discount.

For single drivers, the difference in average prices between these two companies is significant, with Southern Farm Bureau premiums coming in at a third less than Travelers's. The advantage is also clear for married couples - Southern Farm Bureau offers the cheapest average rates.

Southern Farm Bureau or Travelers: Average Rates by Gender

Women tend to pay less for car insurance than men. This is because men are statistically more likely than women to get tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher prices.

Normally, men see premiums around 6% per month higher with Southern Farm Bureau, and about 6% more with Travelers.

Looking at the data for each company specifically, Southern Farm Bureau offers the lowest average rates for both men and women, with average prices $66 less for men and $61 cheaper for women.

Southern 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.

Insurance isn't the easiest topic to understand. There are so many different terms and coverages 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 (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability limits, Southern Farm Bureau has the significant edge, with average monthly rates coming in at $54. If you want a full coverage policy with the same state minimum limits, Southern Farm Bureau again has the edge, with policies averaging around $151 a month to Travelers's $225.

Is Southern Farm Bureau or Travelers Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that at-fault accidents and speeding tickets lead to higher premiums, but which carrier -- Southern Farm Bureau or Travelers -- has the cheapest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Southern Farm Bureau for their auto insurance can generally expect their monthly bill to go up about 8% after getting a speeding ticket. Travelers policyholders can expect a bit more drastic of an increase of around 20%.

However, Southern Farm Bureau tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering premiums that are $39 and $63 more affordable, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Southern Farm Bureau drivers who get in an accident can expect to see their rates increase by over $25, while those who have insurance through Travelers will see about a $45 increase.

At the end of the day, Southern Farm Bureau offers the most affordable premiums for drivers with an at-fault collision on their records, with average rates coming in at $116 compared to Travelers's $173.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- normally a lot more than a collision or speeding ticket. For example, Travelers increases average prices by more than $75 per month -- that's nearly a 40% increase.

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

Did you know many auto insurance companies take into account your credit score when determining rates? This isn't true for everyone (for example, Michigan and California are two states that ban the practice entirely), but it does affect lots of policyholders out there.

Car insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the cheapest premiums 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 Southern Farm Bureau or Travelers 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 how much insurance companies will charge for coverage. Typically, those who drive fewer miles will end up with less expensive prices 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 Southern Farm Bureau charges. However, there's a small difference in monthly premiums for Travelers, with policyholders who drive the least paying around $5 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Southern Farm Bureau is the cheaper carrier.

Southern Farm Bureau or Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for auto insurance. 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 reduces the chances of an accident.

When comparing these two carriers side-by-side, Southern Farm Bureau usually comes out as the most affordable option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about 39% with Southern Farm Bureau compared to Travelers. People who live in suburban areas pay around 28% less with Southern Farm Bureau compared to Travelers. For policyholders in urban ZIP codes, Southern Farm Bureau Insurance's average prices are about 46% less than Travelers.

Southern 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. That's where car insurance discounts comes into play.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you qualify for.

Luckily, we did the hard work for you and looked at all of the different discounts Southern Farm Bureau and Travelers offer their customers so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Travelers knocks Southern Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 21 more discounts than Southern Farm Bureau.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts -- but Travelers also offers discounts for ABS, advance quote, alternative fuel, and more.

Southern Farm Bureau's discounts come through just a few categories, including Defensive Driver, Driver Training, Good Student, and more.

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

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Southern Farm Bureau or Travelers the best one for you and your specific driver profile?

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

• Your driving record contains an at-fault accident.
• Your home is in a busy urban area.
• You want to save money while purchasing insurance for a teenager.

Travelers might be best for you if...

• You're planning on moving to another state soon -- undefined is only available in.
• You're looking for discounts -- Travelers has the most.

Hopefully, this guide helps you get a good idea of the differences between Southern Farm Bureau and Travelers and that you can now make a more informed decision when it comes to your car insurance.

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

Southern Farm Bureau vs. Travelers FAQs

Is Southern Farm Bureau or Travelers cheaper?

Southern Farm Bureau is the more affordable of the two companies when looking at national average premiums, with policies averaging $103 a month with Southern Farm Bureau and $167 for Travelers. That being said, that doesn't mean Southern Farm Bureau will be the lowest carrier for each driver, since there are lots of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Southern Farm Bureau or Travelers?

Sadly, the answer truly is "it depends.". Neither company is "better" for every policyholder -- it all depends on the makeup of your unique car insurance profile.

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

Auto insurance carriers use many different factors when calculating the prices they charge. Variables such as where you park your vehicle, gender, where you call home, age, and sometimes even things like your credit score can all come into play. Both Southern Farm Bureau and Travelers use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the insurance company 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 car insurance companies for free. With those, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best carrier for you isn't Southern 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.