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Farm Bureau Auto Insurance Review: Customizable Coverage

Review Updated
Dana George
By: Dana George

Our Insurance Expert

Eric McWhinnie
Check IconFact Checked Eric McWhinnie
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Farm Bureau auto insurance is a good fit for drivers with a clean driving record. Acquiring Farm Bureau insurance requires a paid membership, which provides members with discounts on everyday expenses.

Logo for Farm Bureau
Best for claims handlingFarm Bureau
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
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Bottom Line

With strong claims satisfaction ratings, Farm Bureau has proven it'll be there if something goes wrong. Farm Bureau also shines with multiple ways to save, including by signing up for Driveology and earning reduced premiums by letting the insurer collect data about the motorist's driving habits. With top-notch claims handling service and replacement cost coverage for newer vehicles, policyholders have the confidence of knowing their claims will be handled swiftly and efficiently with minimal out-of-pocket losses if a crash occurs.

Pros

  • Wide range of coverage options that make it easy to customize a policy
  • "A" rating with AM Best for financial strength
  • Farm Bureau membership includes access to discounts on everyday purchases

Cons

  • Must pay an annual fee for a Farm Bureau membership
  • Underwrites its own policies in a limited number of states. In other states, it's a Farm Bureau subsidiary that provides coverage
  • Level of service may vary, depending on the state and subsidiary

Full Farm Bureau auto insurance review

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Monthly premium costs

Here's a quick snapshot of Farm Bureau premium costs for a few different driver profiles:

35y, female, clean record 35y, male, clean record 35y, female, one accident 18y, male, clean record
$2,598 $2,468 $3,668 $4,405
Data source: The Ascent's analysis of standardized personas.

Cost comparison

Farm Bureau premium costs are somewhat mixed. While some rates are lower than the national average, others are considerably higher. As with most insurers, the best rates are reserved for the safest drivers.

Farm Bureau Average Rate National Average Rate
Clean Driving Record $2,467 $2,728
Accident on Record $3,668 $2,973
Speeding Ticket on Record $3,300 $3,015
DUI on Record $5,261 $2,847
18 Years OId - New Driver $4,405 $6,291
65 Years Old - Senior $2,151 $2,140
Military Service $2,463 $2,375
Minimum Coverage (Liability Only) $720 $787
Data source: The Ascent's analysis of standardized personas.

Discounts

Farm Bureau offers a wide range of discounts, including:

  • Bundling discount
  • Claim free discount
  • Driveology discount
  • Good student discount
  • Low mileage discount
  • Loyalty discount
  • Safe young driver discount

Coverage

Policy types

  • Classic car
  • Farm vehicle
  • Motorcycle
  • RV

Coverage types

  • Collision
  • Comprehensive
  • Liability
  • Medical
  • No-fault
  • Replacement cost
  • Roadside assistance
  • Underinsured
  • Uninsured

Customer service and ratings

According to the J.D. Power 2023 U.S. Customer Satisfaction Index Rating, Farm Bureau was the top-ranked insurer in the Southeast region for the 12th consecutive year.

Other insurance available

  • Home and property
  • Farm and ranch
  • Life
  • Business
  • Health

Farm Bureau doesn't offer as wide a variety of other insurance types as some insurers, but it does offer a few of the basics, like property and life insurance.

Alternatives to consider

Award Icon 2024 Award Winner
Logo for Geico
Best for price conscious consumersGeico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Read our Geico review

Logo for Liberty Mutual
Best for customizable insuranceLiberty Mutual
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Read our Liberty Mutual review

For drivers looking for a lower rate: Geico's low rates routinely beat Farm Bureau's. In addition to lower rates, Geico auto insurance offers highly rated customer service. However, only Farm Bureau offers an annual membership that includes access to hundreds of discounts on everyday products.

For drivers who like perks: Liberty Mutual offers perks like accident forgiveness and better car replacement. However, Farm Bureau provides each customer with a dedicated agent rather than a bank of representatives.

Farm Bureau auto insurance summary

Farm Bureau auto insurance could be a good fit for drivers who:

  • Are good drivers who qualify for competitive rates
  • Prefer to work with a dedicated agent

Farm Bureau may be a good choice for a driver with a clean driving record, but if not, there are plenty of car insurance companies vying for their business.

Our auto insurance rating methodology

At The Motley Fool Ascent, insurers are rated on a scale of one to five stars. We primarily focus on pricing, coverage options, and customer satisfaction; however, we also take into account features like unique discounts, online and app-based experiences, and branch access. Our highest-rated auto insurances generally include low costs, solid coverage, and high customer satisfaction.

Our Insurance Experts

Dana George
By: Dana George

Writer

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate about her work. Dana and her husband recently moved to Champaign, Illinois, home of the Fighting Illini. And though she finds the color orange unflattering on most people, she thinks they'll enjoy Champaign tremendously.

Eric McWhinnie
Check IconFact Checked Eric McWhinnie

Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.