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State Auto vs. Farm Bureau Insurance
Which insurance provider is right for you? Compare premiums, plans, and quotes from State Auto and Farm Bureau.
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- State Auto vs Farm Bureau Mutual (IA Group)
State Auto vs. Farm Bureau: What You Need to Know
In 1921, Robert S. Pein started State Automobile Insurance Company with a borrowed sum of $30,000. Pein wanted to offer an alternative to the high rates other insurers were charging. He also wanted to a better claims settlement process. The company had humble beginnings with a staff of three in a small rented room in downtown Columbus. Pein insisted and his insurance products only be sold through independent agents, a decision that became company policy that is still in effect.
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 State Auto Overview and Farm Bureau Mutual (IA Group) Overview.
State Auto vs. Farm Bureau Mutual (IA Group): How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with State Auto and Farm Bureau Mutual (IA Group). On average, State Auto charges approximately $239.56 per month while Farm Bureau Mutual (IA Group) comes in at around $120.24 per month. For State Auto, the cheapest state average is Pennsylvania at $216.16 per month and the most expensive is Texas at $273.30 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Arizona at $110.52 per month and the most expensive is Arizona at $110.52 per month.
Average Rate
Average Rate
Average Rate
| State | State Auto | Farm Bureau Mutual (IA Group) |
|---|---|---|
| Arizona | - | $110.52 |
| Pennsylvania | $216.16 | - |
| Texas | $273.30 | - |
State Auto vs. Farm Bureau Mutual (IA Group): Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that State Auto and Farm Bureau Mutual (IA Group) typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | State Auto | Farm Bureau Mutual (IA Group) |
|---|---|---|
| 1 Vehicle | $218.51 | $123.29 |
| 2 Vehicles | $277.56 | $ |
State Auto vs. Farm Bureau Mutual (IA Group): Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Auto charges $259.49 per month and Farm Bureau Mutual (IA Group) charges $99.46 per month for customers who own their home.
| Own/Rent | State Auto | Farm Bureau Mutual (IA Group) |
|---|---|---|
| Own | $259.49 | $99.46 |
| Rent | $222.89 | $134.91 |
What is State Auto and Farm Bureau Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how State Auto and Farm Bureau ranked among the industry ratings.
| Comparison | State Auto | Farm Bureau |
|---|---|---|
| Year Founded | 1921 | 1939 |
| A.M. Best Rating | A+ | A |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| NAIC Complaint Ratio | 0.92 |
State Auto or Farm Bureau: Insurance Products Offered
What coverage is available through State Auto and Farm Bureau? Both insurance companies offer Auto, Commercial, Condo, Farm, Home, and Umbrella insurance. Additional products from Farm Bureau insurance also includes Health, Life, 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 State Auto and Farm Bureau Mutual (IA Group) Insurance page.
| Insurance | State Auto | Farm Bureau |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Farm Insurance | ✔ | ✔ |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Motorcycle Insurance | ✔ | |
| Renters Insurance | ✔ | |
| RV Insurance | ✔ | |
| Umbrella Insurance | ✔ | ✔ |
State Auto 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. In contrast, State Auto also offers a few discounts that Farm Bureau doesn’t, including State Auto Start-Up, State Auto Safety 360, and Paid in Full discounts. Start taking advantage of discounts offered by insurance providers like Farm Bureau and State Auto insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| State Auto | Farm Bureau |
|---|---|
| Accident Prevention Course | Claim Free Discount |
| Anti-theft Device Discount | Continued In-Force Credit |
| Driver Training | Discounts for Multiple Cars |
| Good Student Discount | Driven to Safety Discount |
| Multi-car Discount | Driveology: The Science of Save Driving® |
| Multi-policy Discount | Farm Bureau Member’s Choice |
| Paid in Full Discount | Good Student Discount |
| State Auto Safety 360 | Low Mileage Discount |
| State Auto Start-Up | Safe Young Driver Discount |
Pros & Cons of State Auto & Farm Bureau
Pros
State Auto
- State Auto offers tiers of protection, which simplifies decision-making about coverages based on budget.
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.
Cons
State Auto
- The mobile app is not for most drivers, only those who take part in the Safe Auto telematics program.
- Car insurance is only available in Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia and Wisconsin.
Farm Bureau
- Must have a Farm Bureau membership to get insurance.
State Auto or Farm Bureau Mobile Apps Options
The State Auto telematics app is available for iOS and Android. The State Auto Safety 360 telematics program was designed to keep you safer on the road. You may even earn up to 50% on auto insurance premiums. You may even save 10% for signing up.
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.
| State Auto Mobile App | ||
|---|---|---|
| iOS | 1.8 | 17 user reviews |
| Android | 2.3 | 25 user reviews |
| Farm Bureau Mobile App | ||
|---|---|---|
| iOS | 3.8 | 15 user reviews |
| Android | 3.1 | 99 user reviews |
State Auto & Farm Bureau Contact Info
| State Auto Contact Info | |
|---|---|
| Address | 518 East Broad Street, Columbus, OH 43215 |
| Phone | 1 (833) 724-3577 |
| Website | https://www.stateauto.com/ |
| https://www.facebook.com/stateauto/ | |
| https://twitter.com/StateAuto | |
| https://www.linkedin.com/company/state-auto-insurance | |
| 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/ | |
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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