Country Financial vs. Farmers: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Country Financial offers significantly cheaper premiums than Farmers
• Country Financial offers more affordable rates for policyholders who live in suburban areas
• Farmers may help you save more money -- they offer more discounts than COUNTRY Financial

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Country Financial or Farmers: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Country Financial or Farmers as potential options, but which company has less expensive premiums for auto insurance?

Looking at nationwide averages, Farmers has average rates that are around 30% a month more expensive than those from Country Financial.

Even so, Country Financial may not be the most affordable or best option for each driver out there. Insurance carriers use all sorts of complex algorithms to determine prices, so depending on where you live or how clean your driving record is (among a whole bunch of other factors), you could see wildly different rates from the ones above.

Wanting to know if Country Financial or Farmers is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Country Financial vs. Farmers: Average Car Insurance Rates by State

Country Financial and Farmers compete against each other in five states, with Country Financial offering more affordable rates to the average driver in all of them. Alabama has the most noticable difference, where Country Financial prices are $124 less expensive than car insurance rates at Farmers.

There's a lot more that goes into your auto insurance payment than just the state you live in. Keep reading to learn more.

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Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any other group of drivers. Usually, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high insurance premiums. For example, 18-year-old drivers pay an average of almost 50% less per month by choosing Country Financial over Farmers.

But with both companies, you'll see your rates reduce significantly by the time you turn 25. Farmers offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Country Financial still has the lowest prices at $139 a month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the cheapest car insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which normally reduces their chances of collisions and other infractions that can raise prices.

When looking at Country Financial and Farmers specifically, which carrier is best for retired drivers? Country Financial gets the edge, with premiums for drivers 65 and older $38 more affordable than the national average for Farmers.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive insurance rates than married policyholders. That's typically because married couples tend to own and insure more than one vehicle, which can often earn you a discount.

For single drivers, the difference in average premiums between these two carriers is significant, with Country Financial rates coming in at a third less than Farmers's. The advantage for married drivers with Country Financial is also obvious, where drivers save about $40 a month.

Country Financial or Farmers: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll normally end up paying more for auto insurance than women.

Generally, men see prices around 2% per month higher with Country Financial, but with Farmers, the difference is closer to 3% a month.

Looking at overall affordability, Country Financial comes out as the lowest option for both genders. On average, women save about $63 per month and men save about $67 with Country Financial compared to the average Farmers policyholder.

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Country Financial vs. Farmers: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance isn't the easiest topic to understand. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

Looking specifically at state minimum liability limits, Country Financial has the significant edge, with average monthly premiums coming in at $82. If you want a full coverage policy with the same state minimum limits, Country Financial again has the edge, with policies averaging around $194 a month to Farmers's $281.

Is Country Financial or Farmers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that accidents and speeding tickets lead to higher prices, but which company -- Country Financial or Farmers -- has the cheapest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Country Financial for their auto insurance can typically expect their monthly bill to go up about 23% after getting a speeding ticket. Farmers policyholders can expect a less drastic increase of around 21%.

However, Country Financial tends to offer the best prices for drivers both with clean records and with a ticket, offering premiums that are 35% and 34% cheaper, respectively, compared to Farmers Insurance.

Which Company is Best for Drivers After an Accident?

Country Financial drivers who get in a collision can expect to see their rates rise by over $40, while those who have insurance through Farmers will see about a $60 increase.

At the end of the day, the more affordable prices come from Country Financial, with average premiums coming in at $147 compared to Farmers Insurance's $224.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. For example, Country Financial increases average prices by $60 per month -- that's more than a 35% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Country Financial tends to be cheaper for the average driver, with monthly premiums coming in at around $165 to Farmers's $221.

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How does Credit Score Impact Country Financial and Farmers Rates?

You may not realized it, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it will come into play for lots of policyholders.

The reasoning insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with less expensive prices.

Looking at Country Financial and Farmers specifically, which one has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Country Financial will generally reward you the most. For drivers with "excellent" credit scores, Country Financial comes in nearly 29.27 more affordable. Drivers with "good" credit scores normally save about 35% with Country Financial compared to average premiums from Farmers.

Which Company is Best for Drivers with Bad Credit?

Country Financial typically offers lower prices than Farmers when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 39% a month less with Country Financial compared to Farmers, and those with "poor" scores usually save an average of about 27% monthly.

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Is Country Financial or Farmers Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a pretty big impact on how much auto insurance companies will charge for coverage? Generally, those who drive less will end up with less expensive premiums since there's less of a chance of causing a collision and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Farmers charges. However, there's a small difference in monthly rates for Country Financial, with policyholders who drive 6,000 miles yearly paying around $2 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Country Financial is the cheaper carrier.

Country Financial or Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a large impact as well. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Country Financial boasts the most affordable average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about $61 with Country Financial compared to Farmers. People who live in suburban areas pay around $58 less with Country Financial compared to Farmers. For policyholders in urban ZIP codes, COUNTRY Financial's average rates are about $76 less than Farmers Insurance.

Country Financial vs. Farmers Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Country Financial and Farmers so that you can see which carrier can save you the most money each month.

Farmers knocks Country Financial out of the park when it comes to the sheer number of discounts available, offering 18 more discounts than Country Financial.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and group discounts. Farmers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Country Financial has a few proprietary discounts of their own for things like occupation discounts, simply drive discounts, and telematics discounts.

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Final Thoughts: Is Country Financial or Farmers Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, is Country Financial or Farmers the right one for you and your specific driver profile?

Country Financial might be best for you if....

• You have a clean record.
• You want the most robust protection via a "full coverage" policy.
• You live in a rural neighborhood.

Farmers might be best for you if...

• You're planning on moving to another state soon -- COUNTRY Financial is only available in seven states.
• You're looking for discounts -- Farmers has the most.

Hopefully, this guide helps you get a good idea of the differences between Country Financial and Farmers and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Country Financial and Farmers. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

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Country Financial vs. Farmers FAQs

Is Country Financial or Farmers cheaper?

Country Financial is the more affordable of the two companies when looking at national average premiums, with policies averaging $138 per month with Country Financial and $203 for Farmers. That being said, that doesn't mean Country Financial will be the cheapest carrier for each driver, since there are a range of different factors that are considered when it comes to your car insurance cost.

Who is better, Country Financial or Farmers?

Sadly, the only answer we can give you is "it depends.". Neither company is necessarily "better" for every policyholder -- it all comes down to what your unique insurance profile looks like.

Why do Country Financial and Farmers offer me different rates?

Auto insurance carriers use several different variables when determining the rates they charge. Factors such as where you park your car, where you live, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Country Financial and Farmers calculate prices using different variables, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from lots of different companies.

How do I know if Country Financial or Farmers is right for me?

The only way to find the insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Country Financial or Farmers at all, but another you hadn't even thought of!

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Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.