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: 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 $203.81 per month while Farm Bureau Mutual (IA Group) comes in at around $111.07 per month. For State Auto, the cheapest state average is North Dakota at $122.87 per month and the most expensive is Texas at $258.06 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Iowa at $74.12 per month and the most expensive is New Mexico at $131.40 per month.

State Auto

Average Rate

$203.81
Farm Bureau Mutual (IA Group)

Average Rate

$111.07
National

Average Rate

$117.62
State State Auto Farm Bureau Mutual (IA Group)
Alabama $164.41 -
Arizona- $113.25
Illinois $203.58 -
Indiana $228.89 -
Iowa- $74.12
Kansas- $119.37
Kentucky $191.72 -
Maryland $253.07 -
Minnesota- $101.34
Nebraska- $106.79
New Mexico- $131.40
North Dakota $122.87 -
Ohio $148.65 -
Pennsylvania $196.80 -
South Carolina $170.09 -
South Dakota- $110.01
Tennessee $166.18 -
Texas $258.06 -
Utah $208.31 $128.82
Wisconsin $155.66 -

State Auto vs. Farm Bureau Mutual (IA Group): 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 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 $192.93 $100.23
2 Vehicles $242.01 $145.21
3 Vehicles $414.95 $

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

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Auto charges $189.62 per month and Farm Bureau Mutual (IA Group) charges $109.22 per month for customers who own their home.

Own/Rent State Auto Farm Bureau Mutual (IA Group)
Own $189.62 $109.22
Rent $212.03 $112.27

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.

ComparisonState AutoFarm Bureau
Year Founded19211939
A.M. Best RatingA+A
BBB RatingA+A+
Financial StrengthExcellentExcellent
NAIC Complaint Ratio0.92

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.

InsuranceState AutoFarm 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 AutoFarm Bureau
Accident Prevention CourseClaim Free Discount
Anti-theft Device DiscountContinued In-Force Credit
Driver TrainingDiscounts for Multiple Cars
Good Student DiscountDriven to Safety Discount
Multi-car DiscountDriveology: The Science of Save Driving®
Multi-policy DiscountFarm Bureau Member’s Choice
Paid in Full DiscountGood Student Discount
State Auto Safety 360Low Mileage Discount
State Auto Start-UpSafe 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     1.817 user reviews
Android     2.325 user reviews
Farm Bureau Mobile App
iOS     3.815 user reviews
Android     3.199 user reviews

State Auto & Farm Bureau Contact Info

State Auto Contact Info
Address518 East Broad Street, Columbus, OH 43215
Phone1 (833) 724-3577
Websitehttps://www.stateauto.com/
Facebookhttps://www.facebook.com/stateauto/
Twitterhttps://twitter.com/StateAuto
Linkedinhttps://www.linkedin.com/company/state-auto-insurance
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/

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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