Insurance

Farm Bureau Insurance Review – ValuePenguin

farm agency car insurance

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

farm agency auto insurance quote comparison

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

Reading: Who has cheapest insurance rates

progressive and allstate were significantly more competitive than farm bureau for all three driver profiles. Unless you’re debating getting Geico coverage, it can be difficult to find cheaper rates with another insurer.

Drivers should still remember, however, that they must pay an annual membership to be eligible for the Farm Bureau auto insurance policy. the cheapest membership tier typically costs $100 or less per year, but should still be factored into your calculations when ultimately deciding on an insurer.

farm bureau car insurance coverage options

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Additional 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 based on your driver’s profile and location. additional coverages include:

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special offers: driveology

Policyholders should consider enrolling in the farm bureau’s driveology program if they can demonstrate consistent safe driving behavior. Drivers install a small device into their vehicle’s OBD-II port. If the data collected by the device indicates good driving behavior, drivers can save up to 30% on their car insurance premiums.

Other Coverage Considerations: Farm Agency Mutual Dividend Policies

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Some of the local farm agency chapters are mutual insurance companies, meaning they are owned by the policyholders. From time to time, policyholders may receive dividends. These don’t have to be used as reimbursement against car insurance – policyholders can use the funds for anything. however, dividends are based on the insurer’s profitability and are therefore not guaranteed. Farm Bureau subsidiaries will monitor their annual performance to determine if they will offer a dividend payment in any given year.

auto insurance discounts offered by farm bureau

While Farm Bureau doesn’t have particularly unique discounts compared to other insurers, it does offer many of the standard or widely available discounts. in fact, farm agency rates are usually already discounted for members, which is one of their main selling points to customers.

farm bureau offers the driveology program, which can help safe drivers save money. After installing a small device that measures driving behavior, drivers can receive up to a 30% discount on 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 make sure you’re receiving all eligible discounts. Below is a sample list of farm agency auto insurance discounts.

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It’s also worth mentioning that Farm Bureau membership offers several other non-car insurance discounts that may entice customers. you can save on:

See also: How to Become an Insurance Agent

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