Farm Bureau Insurance Review

Farm Bureau car insurance

Whether you're a college student looking for the cheapest quotes or a farmer who's already a member of the local chapter, Farm Bureau's rates are best-in-class. In this review, we describe Farm Bureau's car insurance coverage options and discounts, and compare its rates to other industry-leading competitors.

Find the Cheapest Car Insurance Quotes in Your Area

Currently insured?

It's free, simple and secure.

Farm Bureau auto insurance quotes comparison

Across three driver profiles we studied, Farm Bureau offered competitive, and sometimes the cheapest, car insurance rates. Based on our sample driver profiles, Geico is the only insurer that offers rates on par with the quotes offered by Farm Bureau. Notably, Farm Bureau was also the only insurer that did not change its annual rate based on gender or marital status.

Find the Cheapest Car Insurance Quotes in Your Area

Currently insured?

It's free, simple and secure.

Progressive and Allstate were both significantly more competitive than Farm Bureau for all three driver profiles. Unless you're debating obtaining coverage from Geico, it may be challenging to find cheaper rates with another insurer.

Drivers should still remember, however, that they must pay for annual membership in order to be eligible for Farm Bureau's auto insurance policy. The cheapest tier of membership typically costs $100 or less annually, but it should still be included in your calculations when ultimately deciding on an insurer.

Farm Bureau auto insurance coverage options

Along with standard coverage options, Farm Bureau allows customers to supplement their coverage with add-on services and protections.

Add-on coverage options at Farm Bureau are priced individually, so savings depend on whether you're eligible and what you choose. Rates for both standard coverage options and add-ons can vary widely depending on your driver profile and location. Add-on coverages include:

  • Replacement-cost coverage: Reimburses you for the cost to replace vehicle models up to four or five years old, depending on the state.
  • Roadside-assistance coverage: Offers emergency roadside assistance, including towing and pick-up services following an accident or vehicle malfunction.

Special offerings: Driveology

Policyholders should consider enrolling in Farm Bureau's Driveology program if they can demonstrate consistent safe driving behavior. Drivers install a small device in their vehicle's OBD-II port. If the data gathered from the device indicates good driving behavior, drivers may save up to 30% on their car insurance premiums.

Other coverage considerations: Farm Bureau mutual dividend policies

Some of Farm Bureau's local chapters are mutual insurance companies, which means they're owned by policyholders. From time to time, policyholders may receive dividends. These don't have to be used as a rebate against car insurance — policyholders can use the funds for anything. However, dividends are based on the insurer's profitability, so they're not guaranteed. Farm Bureau subsidiaries will monitor their annual performance to determine if they will offer a dividend payment in any given year.

Car insurance discounts offered by Farm Bureau

While Farm Bureau doesn't have especially unique discounts compared to other insurers, it does offer many of the standard or widely available discounts. In fact, Farm Bureau's rates are typically already discounted to members, which is one of its main selling points to customers.

Farm Bureau does offer the Driveology program, which can help safe drivers save money. After installing a small device that measures driving behavior, drivers may receive a discount up to 30% off their premiums. Plus, they can take advantage of additional savings through Farm Bureau's SafeRide Rewards program.

Farm Bureau also offers a program known as SuperCheck, in which an agent reviews your policy once a year to ensure you're receiving all eligible discounts. A sample list of Farm Bureau car insurance discounts follows.

Discount

How do you receive it?

Affinity groupJoin a qualifying organization or university alumni group.Anti-theftInstall an approved anti-theft device in your car.Claim-freeDrive for a length of time without submitting a claim (eligibility requirements vary by state).DriveologyDemonstrate safe driving behavior with a device installed in your car.Continued in force creditFarm Bureau members who renew their Farm Bureau's Member's Choice policies receive a loyalty credit.Good studentStudents on the policy must maintain a B average in the classroom.Member's choice (multiline)Bundle your auto and home insuranceMulticarAdding multiple cars to your Farm Bureau policy could reduce the cost of insurance for each individual vehicle.Low-mileageDrive no more than 7,500 miles annually.Smart payVaries by payment history, plan and method.Safe young driver trainingComplete Farm Bureau's young-driver safety program (limited to drivers under 25 years old).

It's also worth mentioning that membership with Farm Bureau offers several other discounts unrelated to car insurance that may appeal to customers. You may save on:

  • Agricultural equipment.
  • Vacations, including hotel stays and rental cars.
  • Prescriptions.
  • Entertainment venues.