Farm Bureau vs. Hastings Mutual Insurance

Which insurance company is right for you? Compare premiums, savings, and quotes from Farm Bureau and Hastings Mutual.

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Farm Bureau vs. Hastings Mutual: 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.

Hastings Mutual Company was founded in 1885 as Michigan Mutual Tornado, Cyclone and Windstorm Insurance Company to help protect local residents against the tornados that had destroyed small communities of Hastings and other parts of Michigan. The company continued to grow over the years and expanded its business.

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 Hastings Mutual Insurance Co Overview.

Farm Bureau Mutual (IA Group) vs. Hastings Mutual Insurance Co: 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 Hastings Mutual Insurance Co. On average, Farm Bureau Mutual (IA Group) charges approximately $111.27 per month while Hastings Mutual Insurance Co comes in at around $162.06 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Iowa at $74.80 per month and the most expensive is New Mexico at $128.49 per month. For Hastings Mutual Insurance Co, the cheapest state average is Iowa at $106.74 per month and the most expensive is Illinois at $213.20 per month.

Farm Bureau Mutual (IA Group)

Average Rate

$111.27
Hastings Mutual Insurance Co

Average Rate

$162.06
National

Average Rate

$120.83
State Farm Bureau Mutual (IA Group) Hastings Mutual Insurance Co
Arizona $113.39 -
Illinois- $213.20
Indiana- $127.97
Iowa $74.80 $106.74
Kansas $123.88 -
Michigan- $187.12
Minnesota $103.88 -
Nebraska $103.29 -
New Mexico $128.49 -
Ohio- $107.40
South Dakota $104.42 -
Utah $123.21 -
Wisconsin- $133.66

Farm Bureau Mutual (IA Group) vs. Hastings Mutual Insurance Co: Rates by Number of Vehicle

Home

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 Hastings Mutual Insurance Co typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Farm Bureau Mutual (IA Group) Hastings Mutual Insurance Co
1 Vehicle $101.99 $155.64
2 Vehicles $142.33 $187.65
3 Vehicles $219.35 $251.22

Farm Bureau Mutual (IA Group) vs. Hastings Mutual Insurance Co: Rates by Homeownership

Home

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 $109.50 per month and Hastings Mutual Insurance Co charges $142.20 per month for customers who own their home.

Own/Rent Farm Bureau Mutual (IA Group) Hastings Mutual Insurance Co
Own $109.50 $142.20
Rent $112.04 $171.51

What is Farm Bureau and Hastings Mutual Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Farm Bureau and Hastings Mutual ranked among the industry ratings.

ComparisonFarm BureauHastings Mutual
Year Founded19391885
Market Share0.2% (2018)
A.M. Best RatingAA
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingAbove Average
NAIC Complaint Ratio0.92

Farm Bureau or Hastings Mutual: Insurance Products Offered

What coverage is available through Farm Bureau and Hastings Mutual? Both insurance companies offer Auto, Commercial, Condo, Farm, Home, Renters, and RV insurance. Additional products from Farm Bureau insurance also includes Health, Life, Motorcycle, and Umbrella 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 Hastings Mutual Insurance Co Insurance page.

InsuranceFarm BureauHastings Mutual
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 Hastings Mutual: Ways To Save

Hastings Mutual offers a wide range of discounts to its policyholders, including Claim Free, Defensive Driving, and Good Student discounts. Whereas, Farm Bureau also offers a few discounts that Hastings Mutual 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 Hastings Mutual and Farm Bureau insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Farm BureauHastings Mutual
Claim Free DiscountAway at School Discount
Continued In-Force CreditClaim Free Discount
Discounts for Multiple CarsDefensive Driving Discount
Driven to Safety DiscountGood Student Discount
Driveology: The Science of Save Driving®Multi-car Discount
Farm Bureau Member’s ChoiceMulti-policy Discount
Good Student DiscountPaid in Full Discount
Low Mileage DiscountPaperless Bills Discount
Safe Young Driver Discount

Pros & Cons of Farm Bureau & Hastings Mutual

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.
Hastings Mutual
  • Hastings Mutual Company focuses on providing A+ customer service and promoting strong relationships with its customers.
  • Established history: the company has 130 years of service and has built a good reputation among its customers.
  • It has affordable rates.
  • Offers Multi-Policy discounts.

Cons

Farm Bureau
  • Must have a Farm Bureau membership to get insurance.
Hastings Mutual
  • Limited service: coverage is available in only 6 midwestern states across the US.
  • It doesn’t offer an online application, you need to call an agent for a quote.

Farm Bureau or Hastings Mutual 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.

Farm Bureau Mobile App
iOS     3.815 user reviews
Android     3.199 user reviews
Hastings Mutual Mobile App
Hastings Mutual does not currently have a mobile app.

Farm Bureau & Hastings Mutual Contact Info

Farm Bureau Contact Info
Address5400 University Avenue West Des Moines, IA 50266-5997
Phone1-866-399-3237
Websitehttps://www.fbfs.com/
Facebookhttps://www.facebook.com/FarmBureauFinancialServices
Twitterhttps://twitter.com/fbfs
Youtubehttps://www.youtube.com/user/FarmBureauFinclSvcs
Linkedinhttps://www.linkedin.com/company/farm-bureau-financial-services/
Hastings Mutual Contact Info
Address404 E. Woodlawn Ave. Hastings, MI 49058
Phone1-800-442-8277
Websitehttps://www.hastingsmutual.com/
Facebookhttps://www.facebook.com/HastingsMutual/
Linkedinhttps://www.linkedin.com/company/hastings-mutual-insurance-company/

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.

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