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Farm Bureau vs. Cincinnati Insurance
Which insurance carrier is right for you? Compare insights, coverage, and quotes from Farm Bureau and Cincinnati.
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- Farm Bureau Mutual (IA Group) vs Cincinnati Insurance
Farm Bureau vs. Cincinnati: What You Need to Know
In 1939, in Des Moines, Iowa, Farm Insurance Company was founded to meet the liability insurance needs of farmers. As the company grew and opened offices in other states, it expanded its product line to include car, home, and life insurance as well as other types of coverage. By the year 1996, the holding company, FBL Financial Group, was listed on the New York StockExchange. The company was formerly known as Farm Bureau Mutual InsuranceCompany but was reorganized and renamed in 2010. Today, the company goes by the name Farm Bureau Financial Services and is known for its superior car and home insurance products. It has around 1,600 employees and 4,000 field associates in different states.
With an A+ rating from the BBB, Cincinnati Insurance Company has been serving its customers since 1950. The Cincinnati Insurance company was founded in 1950 by four independent agents, two of whom were brothers, John Jack Schiff and Robert Cleveland Schiff. The company operates in 13states through nearly 1,000 selected independent agencies.
Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Farm Bureau Mutual (IA Group) Overview and Cincinnati Insurance Overview.
Farm Bureau Mutual (IA Group) vs. Cincinnati Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with Farm Bureau Mutual (IA Group) and Cincinnati Insurance. On average, Farm Bureau Mutual (IA Group) charges approximately $115.27 per month while Cincinnati Insurance comes in at around $233.90 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Arizona at $112.66 per month and the most expensive is Arizona at $112.66 per month. For Cincinnati Insurance, the cheapest state average is Tennessee at $217.55 per month and the most expensive is Tennessee at $217.55 per month.
Average Rate
Average Rate
Average Rate
| State | Farm Bureau Mutual (IA Group) | Cincinnati Insurance |
|---|---|---|
| Arizona | $112.66 | - |
| Tennessee | - | $217.55 |
Farm Bureau Mutual (IA Group) vs. Cincinnati Insurance: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Farm Bureau Mutual (IA Group) and Cincinnati Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | Farm Bureau Mutual (IA Group) | Cincinnati Insurance |
|---|---|---|
| 1 Vehicle | $111.64 | $244.27 |
Farm Bureau Mutual (IA Group) vs. Cincinnati Insurance: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Farm Bureau Mutual (IA Group) charges $111.50 per month and Cincinnati Insurance charges $167.64 per month for customers who own their home.
| Own/Rent | Farm Bureau Mutual (IA Group) | Cincinnati Insurance |
|---|---|---|
| Own | $111.50 | $167.64 |
| Rent | $118.83 | $263.06 |
What is Farm Bureau and Cincinnati Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farm Bureau and Cincinnati ranked among the industry ratings.
| Comparison | Farm Bureau | Cincinnati |
|---|---|---|
| Year Founded | 1939 | 1950 |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| Moody's Rating | A1 | |
| NAIC Complaint Index | 0.22 | |
| NAIC Complaint Ratio | 0.92 | |
| S&P Rating | A+ |
Farm Bureau or Cincinnati: Insurance Products Offered
What coverage is available through Farm Bureau and Cincinnati? Both insurance companies offer Auto, Home, Life, and Umbrella insurance. Additional products from Farm Bureau insurance also includes Commercial, Condo, Farm, Health, Motorcycle, Renters, and RV insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Farm Bureau Mutual (IA Group) and Cincinnati Insurance Insurance page.
| Insurance | Farm Bureau | Cincinnati |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | |
| Condo Insurance | ✔ | |
| Farm Insurance | ✔ | |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | ✔ |
| Motorcycle Insurance | ✔ | |
| Renters Insurance | ✔ | |
| RV Insurance | ✔ | |
| Umbrella Insurance | ✔ | ✔ |
Farm Bureau or Cincinnati: Ways To Save
Cincinnati offers a wide range of discounts to its policyholders, including Good Student, Healthy Living (Life Insurance), and High Deductible discounts. Whereas, Farm Bureau also offers a few discounts that Cincinnati doesn’t, including Safe Young Driver, Low Mileage, and Farm Bureau Member’s Choice discounts. Start taking advantage of discounts offered by insurance providers like Cincinnati and Farm Bureau insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Farm Bureau | Cincinnati |
|---|---|
| Claim Free Discount | Good Claim History Discount |
| Continued In-Force Credit | Good Student Discount |
| Discounts for Multiple Cars | Healthy Living Discount (Life Insurance) |
| Driven to Safety Discount | High Deductible Discount |
| Driveology: The Science of Save Driving® | Multi-car Policy Discount |
| Farm Bureau Member’s Choice | Multi-policy Discount |
| Good Student Discount | New Home Discount |
| Low Mileage Discount | Safety Equipment Discount (Auto, Home, Business) |
| Safe Young Driver Discount | Safety Features Discount |
Pros & Cons of Farm Bureau & Cincinnati
Pros
Farm Bureau
- Farm Bureau has high customer satisfaction.
- The company has a young driver program, which offers young drivers a 25%discount for completing its safe driving program.
- Affordable rates and transparent pricing.
Cincinnati
- Cincinnati Insurance Company is dedicated to superior customer service.
- Cincinnati has the highest ratings for financial strength.
- For antique or collector car owners whose cars are less than 25 years old, Cincinnati Insurance is the best of very few options out there.
Cons
Farm Bureau
- Must have a Farm Bureau membership to get insurance.
Cincinnati
- Cincinnati Insurance Company only operates in 13 states.
Farm Bureau or Cincinnati Mobile Apps Options
The Farm Bureau Member Benefits app is available for iOS and Android. This mobile app offers some benefits and services including financial services and insurance products, entertainment discounts at local attractions, savings on hotels, rental cars, vehicles, retail items and more.
The Cincinnati Insurance Mobile app is available for android and iPhones and iPads. This insurance tool is where you can manage payments, view auto policy information, download ID cards, submit glass claims, request roadside services and more.
| Farm Bureau Mobile App | ||
|---|---|---|
| iOS | 3.8 | 15 user reviews |
| Android | 3.1 | 99 user reviews |
| Cincinnati Mobile App | ||
|---|---|---|
| iOS | 4.6 | 5 user reviews |
| Android | 3.1 | 11 user reviews |
Farm Bureau & Cincinnati Contact Info
| Farm Bureau Contact Info | |
|---|---|
| Address | 5400 University Avenue West Des Moines, IA 50266-5997 |
| Phone | 1-866-399-3237 |
| Website | https://www.fbfs.com/ |
| https://www.facebook.com/FarmBureauFinancialServices | |
| https://twitter.com/fbfs | |
| Youtube | https://www.youtube.com/user/FarmBureauFinclSvcs |
| https://www.linkedin.com/company/farm-bureau-financial-services/ | |
| Cincinnati Contact Info | |
|---|---|
| Address | 600 S. Gilmore Road, Fairfield, OH 45014-5141 |
| Phone | (888) 242-8811 |
| Website | https://www.cinfin.com/ |
| https://www.facebook.com/CincinnatiInsurance/ | |
| Youtube | https://www.youtube.com/channel/UCrqm2BGqGoKndbr6D8oRlcg |
| https://www.linkedin.com/company/the-cincinnati-insurance-companies/ | |
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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