Full Coverage Auto Insurance: Farm Bureau's Cost?

Farm Bureau auto insurance is available to anyone who joins the Farm Bureau for an annual fee. The cost of membership depends on where you live and your chosen membership level. Farm Bureau auto insurance rates vary depending on the state, with some states offering cheaper rates than others. The average annual rate for auto insurance with Farm Bureau is $1,899, which is 23% above the national average. However, Farm Bureau offers competitive rates for teen and young adult drivers, as well as motorists with a speeding ticket or accident on their record.

Farm Bureau membership and insurance eligibility

Anyone can join the Farm Bureau for an annual fee, which differs depending on the state and membership type. The cheapest level, often called associate membership, generally costs $20 a year. People who work in agriculture can pay more for a regular membership, which makes them eligible to vote within the American Farm Bureau Federation on policy positions and partner discounts, among other initiatives. Membership is available through your state’s Farm Bureau chapter.

Farm Bureau members can buy insurance through one of several companies, depending on the state. In many states, a statewide Farm Bureau insurance company writes and sells its own policies. In states without a Farm Bureau insurance company, members typically can get discounted insurance rates at partner companies. Because each Farm Bureau insurance company is operated separately, the products they offer vary. In most states, you can get auto, homeowners, health, and business insurance.

Farm Bureau membership comes with benefits beyond financial services and insurance products, including entertainment discounts at local attractions, savings on hotels, rental cars, vehicles, retail items, and more.

Farm Bureau insurance rates

The average annual rate for auto insurance with Farm Bureau is $1,899, which is 23% above the national average of $1,547. However, Farm Bureau offers competitive rates for teen and young adult drivers, as well as motorists with a speeding ticket or accident on their record. For example, in Kentucky, compared to the state average, Farm Bureau insurance was $1,234 cheaper for a good driver buying full coverage, and $1,862 cheaper for full coverage insurance after an at-fault crash.

Farm Bureau also offers various discounts and coverage options to its members. These include liability coverage, auto damage coverage, and optional add-ons such as roadside assistance and replacement cost coverage. Members can also take advantage of the Young Driver Safety Program, where drivers under 25 can earn a discount on their premiums upon completing the program.

In addition to auto insurance, Farm Bureau offers a range of other insurance products, including farm and ranch liability insurance, farm vehicle insurance, health insurance, homeowners insurance, and life insurance.

While Farm Bureau insurance rates may be higher than the national average in some cases, they offer competitive rates for certain demographics and situations. It is recommended to compare quotes from various carriers to find the most affordable rates, as rating factors can vary across insurers.

Farm Bureau insurance discounts

Farm Bureau offers a range of insurance discounts to help you save money. Here are some of the ways you can reduce your insurance costs:

Driveology Program

By enrolling in the Driveology program, you can save money on car insurance by improving your driving habits. You instantly save 10% just by signing up, and over time, safe driving practices can lead to savings of up to 50%.

Young Driver Safety Program

Farm Bureau's Young Driver Safety Program offers a discount for drivers under 25. This program helps inexperienced drivers build their skills and confidence while also providing an opportunity for families to save on their insurance.

Good Student Discount

If your student driver maintains a "B" average or higher in school, or ranks in the top 20% of their class, they may qualify for a discount on their auto insurance. Farm Bureau rewards hard-working students both in and out of the classroom.

Multiple Vehicle Discount

If you have more than one car in your household, you can take advantage of Farm Bureau's Multiple Vehicle Discount. By bundling your vehicles on a Farm Bureau Members Choice policy, you can lower the rate for each car while enjoying the convenience of having all your vehicles on one policy.

Paid-in-Full Discount

You can earn a discount by paying your insurance policy in full at the beginning of your coverage term. This option allows you to save money by paying annually instead of making periodic payments.

Protective Device Discount

By installing a security system in your home, you can qualify for a Protective Device Discount. This discount encourages the use of security measures, such as cameras and alarms, which not only provide peace of mind but also help deter thieves.

Farm Bureau offers various other discounts and benefits tailored to meet individual needs. Contacting a local Farm Bureau agent can help you explore all the available options for saving on your insurance.

Farm Bureau insurance customer satisfaction

Farm Bureau Insurance has received mixed reviews from its customers. While some customers have praised the company for its helpful and compassionate local agents, others have complained about issues with claims handling, coverage, pricing, and customer service.

On the positive side, Farm Bureau Insurance has been recognised for its high claims satisfaction. The company takes pride in its ability to pay out claims and its reputation for quick and fair claims service. Farm Bureau was ranked first in J.D. Power's 2022 U.S. Auto Insurance Study for the Southeast and Texas regions. According to the National Association of Insurance Commissioners (NAIC), the Texas Farm Bureau receives significantly fewer complaints compared to similar-sized companies.

In terms of customer reviews, some customers have expressed satisfaction with the company's affordable rates, the variety of discounts offered, and the helpfulness of their agents. One customer review on ConsumerAffairs.com mentions that Farm Bureau has "highly rated customer service." Another review highlights the ease of contact and work with the company's agents, stating that they "have [their] best interest at heart."

However, there are also several negative reviews from customers who have had issues with Farm Bureau Insurance. Some common complaints include sudden increases in rates, difficulties in dealing with claims, and problems with coverage. For instance, one customer review mentions that they were dropped from their policy after an accident, while another review highlights issues with unprofessionalism and lack of communication.

Overall, while Farm Bureau Insurance has received recognition for its claims handling and satisfaction in certain regions, customer reviews present a mixed picture, indicating that individual experiences may vary.

Farm Bureau insurance customer complaints

While Farm Bureau has received praise for its customer service, there are a number of customer complaints about the company.

One common complaint is that Farm Bureau has refused to pay out on claims. In one instance, a customer complained that Farm Bureau had refused to cover damages incurred, resulting in a five-month turnaround time. Another customer complained that Farm Bureau had refused to pay for repairs to their house, instead recommending a restoration company that caused further damage.

Some customers have also complained about the conduct of Farm Bureau's agents and adjustors. One customer claimed that their agent had been very unprofessional, laughing while telling them that their car was a total loss. Another customer complained that the adjustor who came to look at their car did not want to help them get it fixed, and that their insurance representative did not even want to file a claim.

There have also been complaints about billing issues. One customer claimed that Farm Bureau had withdrawn the entire premium amount from their account instead of setting up a monthly payment plan as agreed. Another customer complained that they had been sent a bill for insurance they had discontinued several months prior.

In addition, some customers have complained about the time it takes for Farm Bureau to process claims. One customer stated that they had been waiting for over a month for their claim to be adjusted, and that the claims office was not responding to their calls. Another customer complained that it had been almost two months since their car had been in an accident, and that the insurance company had not done anything to repair it.

It is important to note that Farm Bureau has addressed many of these complaints and worked to resolve the issues. However, the complaints highlight areas where Farm Bureau could improve its customer service and claims handling processes.

Frequently asked questions