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 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 $128.27 per month while Shelter comes in at around $189.64 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month. For Shelter, the cheapest state average is Missouri at $172.29 per month and the most expensive is Missouri at $172.29 per month.

Farm Bureau Mutual (IA Group)

Average Rate


Average Rate


Average Rate

State Farm Bureau Mutual (IA Group) Shelter
Missouri- $172.29

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 $98.28 $167.40
2 Vehicles $171.90 $

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 $140.95 per month and Shelter charges $169.16 per month for customers who own their home.

Own/Rent Farm Bureau Mutual (IA Group) Shelter
Own $140.95 $169.16
Rent $ $210.12

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.

ComparisonFarm BureauShelter
Year Founded19391946
BBB RatingA+A+
Financial StrengthExcellentExcellent
NAIC Complaint Ratio0.920.36 (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.

InsuranceFarm BureauShelter
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 BureauShelter
Claim Free DiscountAccident Prevention Course Discount
Continued In-Force CreditAnti-Theft Discount - Kentucky and Illinois Residents
Discounts for Multiple CarsCompanion Life Discount
Driven to Safety DiscountCompanion Policy Discount
Driveology: The Science of Save Driving®Driver Training Course Discount
Farm Bureau Member’s ChoiceGood Student Discount
Good Student DiscountMilitary Discount
Low Mileage DiscountMulti-car Discount
Safe Young Driver DiscountMulti-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


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 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.


Farm Bureau
  • Must have a Farm Bureau membership to get insurance.
  • 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     3.815 user reviews
Android     3.199 user reviews
Shelter Mobile App
iOS     2.335 user reviews
Android     2.3240 user reviews

Farm Bureau & Shelter Contact Info

Farm Bureau Contact Info
Address5400 University Avenue West Des Moines, IA 50266-5997
Shelter Contact Info
Address1817 West Broadway - Columbia, MO 65218

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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