Hanover vs. Farm Bureau Insurance

Hanover vs. Farm Bureau: What You Need to Know

From 2003-2007, the Wall Street Journal ranked The Hanover Insurance Companies #1 in the property and casualty industry for increasing shareholder value over a 5-year-period. In 2009, The Hanover acquired commercial business from OneBeacon Insurance Group, which enabled rapid Western U.S. expansion. In the same year, A.M. Best upgraded its company rating to “A” (excellent). From 2010 to 2011, it continued to acquire more businesses both in the U.S. and abroad, which included Lloyd’s of London Chaucer Holdings. In 2013, The Hanover exceeded $5 billion worth of written premiums and wrote business in 179 countries. In 2015, Standard & Poor’s upgraded the company’s financial rating to “A” and The Hanover was recognized by Forbes as one of America’s best employers and one of America’s most trustworthy financial companies.

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 Stock Exchange. The company was formerly known as Farm Bureau Mutual Insurance Company 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.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Hanover Overview and Farm Bureau Mutual (IA Group) Overview.

Hanover vs. Farm Bureau Mutual (IA Group): How much are the Average Rates?

Hanover vs. Farm Bureau Mutual (IA Group): Rates by Number of Vehicle

Hanover vs. Farm Bureau Mutual (IA Group): Rates by Homeownership

What is Hanover and Farm Bureau Insurance Rating?

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

Hanover or Farm Bureau: Insurance Products Offered

What coverage is available through Hanover and Farm Bureau? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Farm Bureau insurance also includes Condo, Farm, Health, Life, Motorcycle, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Hanover and Farm Bureau Mutual (IA Group) Insurance page.

Hanover or Farm Bureau: 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, Hanover also offers a few discounts that Farm Bureau doesn’t, including Student Away at School, Pay-in-Full, and One Bill discounts. Start taking advantage of discounts offered by insurance providers like Farm Bureau and Hanover insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Hanover or Farm Bureau Mobile Apps Options

The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.

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.

Hanover & Farm Bureau Contact Info

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.