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Farm Bureau vs. Shelter Insurance
Which insurance carrier is right for you? Compare insights, premiums, and quotes from Farm Bureau and Shelter.
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- Farm Bureau Mutual (IA Group) vs Shelter
Farm Bureau vs. Shelter: 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.
Shelter Insurance company is a mutual insurance company that focuses on auto, property, business and life insurance. In, when the company was founded and called MFA Mutual Insurance Company. Its focus was to provide farmers access to reliable insurance protection at prices that they could afford.
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 Shelter Overview.
Farm Bureau Mutual (IA Group) vs. Shelter: 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 Shelter. On average, Farm Bureau Mutual (IA Group) charges approximately $125.49 per month while Shelter comes in at around $242.80 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Minnesota at $117.48 per month and the most expensive is Kansas at $152.02 per month. For Shelter, the cheapest state average is Arkansas at $187.90 per month and the most expensive is Kentucky at $322.22 per month.
Average Rate
Average Rate
Average Rate
| State | Farm Bureau Mutual (IA Group) | Shelter |
|---|---|---|
| Arizona | $123.31 | - |
| Arkansas | - | $187.90 |
| Kansas | $152.02 | $266.17 |
| Kentucky | - | $322.22 |
| Minnesota | $117.48 | - |
| Missouri | - | $198.59 |
| Oklahoma | - | $316.79 |
Farm Bureau Mutual (IA Group) vs. Shelter: 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 Shelter typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | Farm Bureau Mutual (IA Group) | Shelter |
|---|---|---|
| 1 Vehicle | $124.51 | $241.53 |
Farm Bureau Mutual (IA Group) vs. Shelter: 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 $115.38 per month and Shelter charges $184.44 per month for customers who own their home.
| Own/Rent | Farm Bureau Mutual (IA Group) | Shelter |
|---|---|---|
| Own | $115.38 | $184.44 |
| Rent | $126.45 | $249.45 |
What is Farm Bureau and Shelter Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farm Bureau and Shelter ranked among the industry ratings.
| Comparison | Farm Bureau | Shelter |
|---|---|---|
| Year Founded | 1939 | 1946 |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| NAIC Complaint Ratio | 0.92 | 0.36 (2013) |
Farm Bureau or Shelter: Insurance Products Offered
What coverage is available through Farm Bureau and Shelter? Both insurance companies offer Auto, Commercial, Condo, Farm, Home, Life, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Farm Bureau insurance also include Health 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 Shelter Insurance page.
| Insurance | Farm Bureau | Shelter |
|---|---|---|
| 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 Shelter: Ways To Save
Farm Bureau offers a wide range of discounts to its policyholders, including Continued In-Force Credit, Discounts for Multiple Cars, and Driven to Safety discounts. Whereas, Shelter also offers a few discounts that Farm Bureau doesn’t, including Window Identification System – Louisiana Residents, Safe Driver, and Pay in Full discounts. Start taking advantage of discounts offered by insurance providers like Shelter 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 | Shelter |
|---|---|
| Claim Free Discount | Accident Prevention Course Discount |
| Continued In-Force Credit | Anti-Theft Discount - Kentucky and Illinois Residents |
| Discounts for Multiple Cars | Companion Life Discount |
| Driven to Safety Discount | Companion Policy Discount |
| Driveology: The Science of Save Driving® | Driver Training Course Discount |
| Farm Bureau Member’s Choice | Good Student Discount |
| Good Student Discount | Military Discount |
| Low Mileage Discount | Multi-car Discount |
| Safe Young Driver Discount | Multi-coverage Discount - Nevada Residents |
| Passive Restraint Discount | |
| Pay in Full Discount | |
| Safe Driver Discount | |
| Window Identification System Discount – Louisiana Residents |
Pros & Cons of Farm Bureau & Shelter
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.
Shelter
- Shelter Insurance offers personalized service through a network of more than 1,400 agents.
- The company has a few customer's complaints, which indicates high satisfaction.
- You can start your claims online or by phone.
Cons
Farm Bureau
- Must have a Farm Bureau membership to get insurance.
Shelter
- The company covers only 15 states. If you don’t live in the Midwest, you’ll need to look for another carrier.
Farm Bureau or Shelter 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 Shelter Insurance Mobile app is available for iOS and Android. With the app, you can access your ID cards, report a claim and upload photos, view coverages and policy details, obtain roadside assistance, get in touch with your agent and pay your bill by credit or debit card.
| Farm Bureau Mobile App | ||
|---|---|---|
| iOS | 3.8 | 15 user reviews |
| Android | 3.1 | 99 user reviews |
| Shelter Mobile App | ||
|---|---|---|
| iOS | 2.3 | 35 user reviews |
| Android | 2.3 | 240 user reviews |
Farm Bureau & Shelter 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/ | |
| Shelter Contact Info | |
|---|---|
| Address | 1817 West Broadway - Columbia, MO 65218 |
| Phone | 1-800-743-5837 |
| Website | https://www.shelterinsurance.com/ |
| https://www.facebook.com/ShelterInsurance/ | |
| https://twitter.com/Shelter_ins/ | |
| https://www.linkedin.com/company/shelter-insurance-companies/ | |
| Youtube | https://www.youtube.com/user/ShelterIns |
| https://www.instagram.com/shelter_ins/ | |
| https://www.pinterest.com/shelterins/ | |
| Vimeo | https://vimeo.com/user48805731 |
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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