Which insurance provider is right for you? Compare premiums, plans, and quotes from State Auto and Farm Bureau.
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.
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 |
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 | ✔ | ✔ |
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 |
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 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.
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