Farm Bureau Home and Auto Insurance Reviews
| Pros | Cons |
|---|---|
| Cheap liability car insurance | Farm Bureau membership required |
| Personalized service from local agents | High home insurance rates |
| Nonfarmers welcome | Basic coverages and discounts only |
| Solid ratings | Limited shopping features online |
| Supports farming and ranching | Products and ratings vary by state |
Is the Farm Bureau a good insurance company?
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.
How much is Farm Bureau car insurance?
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.
Car insurance rate comparison
| 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.
Farm Bureau car insurance rates by driving record
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 |
Farm Bureau car insurance costs for teens
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.
Teen car insurance rates
| Type of car insurance | Farm Bureau annual rate | U.S. average |
|---|---|---|
| Liability only | $1,574 | $2,433 |
| Full coverage | $4,451 | $5,824 |
How much is Farm Bureau home insurance?
Home insurance rates by company
| 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 insurance discounts
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.
What types of insurance coverage does the Farm Bureau offer?
The Farm Bureau generally sticks to the basics for home and auto insurance. Notably, its website doesn’t specify whether it offers any extra coverages you may need, like gap insurance or an SR-22 certificate.
The basic car insurance coverages Farm Bureau offers include:
- Liability: Covers injuries or damage you cause to other people.
- Collision: Covers damage to your car in a collision with an object or other vehicle.
- Comprehensive: Covers your car for theft and non-collision causes, such as flood or fire.
- Uninsured/underinsured motorist: Covers you and your passengers for injuries from an uninsured or underinsured driver.
- Personal injury protection/medical payments: Covers injuries to you and your passengers, regardless of fault.
- Rental car reimbursement: Rental car costs while your car is in the shop for covered repairs.
- Roadside assistance: Towing and labor if your car breaks down.
Farm Bureau also offers basic homeowners insurance coverages. These include:
- Dwelling: Structural damage to your home from fire and other covered disasters.
- Other structures: Damage to detached structures on your property.
- Personal property: Covers your belongings for theft or damage from covered disasters.
- Loss of use: Temporary living expenses after a covered disaster.
- Personal liability: Injuries or property damage you cause to others.
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.
Farm Bureau insurance ratings
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.
Farm Bureau insurance ratings by state
| 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.
Highest rated Farm Bureau insurance companies
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.
Top-rated Farm Bureau insurance companies
| 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 |
How to get insurance quotes from Farm Bureau
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.
Methodology
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.
Full-coverage policies include collision, comprehensive and liability coverage:
- Bodily injury liability: $50,000 per person, $100,000 per accident
- Property damage liability: $25,000
- Uninsured motorist: $50,000 per person, $100,000 per accident
- Personal injury protection: where required
- Collision: $500 deductible
- Comprehensive: $500 deductible
Average homeowners insurance rates are based on quotes for policies with the following coverage
- Dwelling coverage: $400,000
- Other structures: $40,000
- Personal property: $200,000
- Loss of use: $80,000
- Personal liability: $100,000
- Guest medical payments: $5,000
- All-perils deductible: $1,000
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.