Updated on: September 27th, 2024
Written by: Rob Bhatt Edited by: Bryan Ochalla
LendingTree home insurance score: 3.4 out of 5
Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third party customer service ratings, and app / website experience. We weighted these categories based on what customers value in an insurance company. For 3rd party customer service ratings, we included NAIC’s Complaint Index scores and financial strength ratings from A.M. Best. NAIC Complaint Index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from A.M. Best reflect the ability to pay out claims.
The Farm Bureau provides home and auto insurance in 31 states. Although its offerings vary by state, it generally provides basic coverage at reasonable rates.
Cheap liability car insurance
Personalized service from local agents
Non-farmers welcome
Solid ratings
Supports farming and ranching
Farm Bureau membership required
High home insurance rates
Basic coverages and discounts only
Limited shopping features online
Products and ratings vary by state
The Farm Bureau is a good company for cheap car insurance quotes. Its rates for drivers with a prior incident and teens are particularly low.
Farm Bureau’s homeowners insurance rate is higher than the national average. However, its discounts for bundling your home and auto insurance can make it affordable.
The Farm Bureau offers insurance through separate companies that serve a single state or small group of states.
You don’t have to be a farmer to get Farm Bureau insurance. However, you will have to pay an annual Farm Bureau membership fee — this ranges from about $30 to $50, depending on your state. Members also receive discounts on a wide variety of consumer products and services.
The Farm Bureau charges an average of $1,931 a year for full-coverage car insurance, or $161 a month. This is 2% less than the national average of $164 a month.
Farm Bureau charges an average of $548 a year for liability insurance, or $46 a month. This is 28% less than the national average of $64 a month.
| Company | Annual rate full coverage | Annual rate liability |
|---|---|---|
| State Farm | $1,487 | $597 |
| Auto-Owners | $1,690 | $516 |
| Travelers | $1,919 | $835 |
| American Family | $1,920 | $728 |
| Farm Bureau | $1,931 | $548 |
| Geico | $1,937 | $727 |
| Progressive | $2,032 | $791 |
| Nationwide | $2,226 | $963 |
| Allstate | $2,609 | $1,158 |
| Farmers | $3,091 | $1,188 |
Liability insurance covers injuries and damage you cause to others. It’s required by law in most states.
Full-coverage car insurance includes liability, collision and comprehensive (comp). Collision and comp cover damage to your own vehicle. Neither is required by law, but both typically are required for a car loan or lease.
The Farm Bureau offers cheap car insurance to drivers with a bad driving record.
Its rates for drivers with a speeding ticket average $2,191 a year for full coverage. This works out to $183 a month, which is 9% less than the national average.
Farm Bureau’s rate for drivers with an at-fault accident is also 9% less than the national average. Its rate for drivers with a DUI (driving under the influence) is 8% less.
| Driving record | Farm Bureau annual rate | U.S. average annual rate |
|---|---|---|
| Clean record | $1,931 | $1,970 |
| Speeding ticket | $2,191 | $2,427 |
| At-fault accident | $2,662 | $2,930 |
| DUI | $3,343 | $3,626 |
The Farm Bureau charges teen drivers an average of $1,574 a year for liability insurance, or $131 a month. This is 35% less than the national average.
Farm Bureau’s full-coverage car insurance rate for teen drivers is 24% less than the national average.
| Type of car insurance | Farm Bureau annual rate | U.S. average |
|---|---|---|
| Liability only | $1,574 | $2,433 |
| Full coverage | $4,451 | $5,824 |
Farm Bureau’s home insurance quotes average $3,639 a year, or $303 a month. This is 28% higher than the national average, $2,844 a year.
| Company | Annual rate |
|---|---|
| State Farm | $2,427 |
| Allstate | $2,560 |
| Nationwide | $3,055 |
| American Family | $3,072 |
| Travelers | $3,149 |
| Farm Bureau | $3,639 |
| Farmers | $3,801 |
Farm Bureau offers a few of the basic home and car insurance discounts that most other companies also have. These include discounts for bundling your car insurance with a homeowners policy.
In most states, the Farm Bureau offers discounts to good drivers and homeowners who avoid claims. Further, teens who maintain a B average or better in school can usually qualify for a good student discount.
The Farm Bureau also usually gives you a discount for signing up for its safe driver program, using a smartphone app to monitor your driving. If you drive safely enough, you get a discount each time you renew your policy.
The basic car insurance coverages Farm Bureau offers include:
Farm Bureau also offers basic homeowners insurance coverages. These include:
Farm Bureau’s optional homeowners insurance coverages are limited. In most states, it offers additional insurance protection for jewelry and other valuables. Its website doesn’t list many others.
Note that home insurance doesn’t cover floods or earthquakes. However, a Farm Bureau insurance agent can help you get separate insurance for these risks.
The Farm Bureau generally has good insurance ratings and reviews. Its complaint ratings from the National Association of Insurance Commissioners (NAIC) are better than average in most states.
The Farm Bureau also has strong financial ratings. It is rated A- or better by AM Best for financial strength in most states. However, in five states, it only has a B++ rating.
| State | Auto complaint rating | Home complaint rating | Financial strength |
|---|---|---|---|
| Alabama | 0 | 0 | A |
| Arizona | 0.06 | 0.56 | A |
| Arkansas | NA | 0 | A |
| Colorado | 0 | 1.68 | A |
| Florida | 0.09 | 0.31 | B++ |
| Georgia | 0.6 | 0.56 | B++ |
| Idaho | 0 | 0 | A |
| Indiana | 0.47 | 0.48 | A |
| Iowa | 0.06 | 0.56 | A |
| Kansas | 0.06 | 0.56 | A |
| Kentucky | 0.48 | 0.69 | A |
| Louisiana | 0.48 | 0.36 | A |
| Michigan | 0.3 | 0.26 | A- |
| Minnesota | 0.06 | 0.56 | A |
| Mississippi | 0.13 | 0.52 | A |
| Missouri | 0.12 | 0.63 | A- |
| Montana | 0.66 | 0.82 | B++ |
| Nebraska | 0.06 | 0.56 | A |
| New Mexico | 0.06 | 0.56 | A |
| North Carolina | 0.7 | 0.37 | A- |
| North Dakota | 0 | 0 | A |
| Oklahoma | 0.15 | 0 | B++ |
| South Carolina | 0.66 | 0.4 | NA |
| South Dakota | 0.06 | 0.56 | A |
| Tennessee | 0.02 | 0.06 | A+ |
| Texas | 0.29 | 0.19 | A- |
| Utah | 0.06 | 0.56 | A |
| Virginia | 0 | 0 | A |
| West Virginia | NA | NA | NA |
| Wisconsin | 0 | 1.27 | A |
| Wyoming | 0.66 | 0.82 | B++ |
Sources: NAIC 2023 complaint data; AM Best; data not available (NA) for all companies.
A complaint rating of less than 1.0 indicates a company has fewer complaints than average for its size. Lower scores are better.
A strong AM Best rating shows that your insurance company can pay out on claims. For mortgages, lenders usually require your home insurance company to have a B rating or better.
Tennessee Farm Bureau is the highest rated Farm Bureau insurance company. It has the highest overall satisfaction rating in the Southeast, and also has an A+ rating from AM Best.
Alfa, which serves Farm Bureau members in Alabama, ranks fourth for overall customer satisfaction in the Southeast. Texas Farm Bureau has the third-highest overall satisfaction rating among car insurance companies in Texas.
| Rating | Company | Score | Industry average |
|---|---|---|---|
| Overall auto satisfaction (Southeastern U.S.) | Tennessee Farm Bureau | 866 | 839 |
| Overall auto satisfaction (Southeastern U.S.) | Alfa (Alabama Farm Federation) | 851 | 839 |
| Overall auto satisfaction (Texas) | Texas Farm Bureau | 824 | 816 |
Most Farm Bureau insurance companies offer home and auto insurance quotes online or by phone. You can usually also drop into your local Farm Bureau insurance office for help.
Each state’s Farm Bureau is part of the American Farm Bureau Federation. Farm Bureau and its state affiliates advocate on behalf of agricultural interests. They also provide a variety of services for its members. In most states, these services include insurance.
In 31 states, the Farm Bureau offers insurance through its own insurance company. In several other states, the Farm Bureau provides insurance through nonrelated companies like Nationwide and Country Financial.
LendingTree uses insurance rate data from Quadrant Information Services using publicly sourced insurance company filings. Rates are based on an analysis of hundreds of thousands of car insurance quotes for a typical driver. Your own rates may be different.
Unless noted otherwise, quotes are for a full-coverage policy for a 30-year-old man with good credit and a clean driving record. He drives a 2015 Honda Civic EX.
Minimum-liability policies provide liability coverage with the state’s required minimum limits.
Full-coverage policies include collision, comprehensive and liability coverage:
Average homeowners insurance rates are based on quotes for policies with the following coverage
Overall auto insurance satisfaction ratings are from the J.D. Power’s 2023 U.S. Auto Insurance Study. Complaint ratings are based on NAIC complaint data from 2023.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
