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How Much Do Farm Bureau Agents Make – Farm Bureau offers cheap auto insurance rates, average home insurance rates and excellent customer service, making it an attractive option for members. While there is an annual membership fee to join Farm Bureau, that cost is typically outweighed by the potential savings compared to other insurance companies.
Farm Bureau offers some of the most competitive quotes in the auto insurance industry. Low prices, along with solid customer service ratings, make Farm Bureau a worthy option for any customer to consider.
How Much Do Farm Bureau Agents Make
The company’s home insurance rates are less competitive, but the prices are still cheaper than the average. Strong customer service and a good set of coverage add-ons make it worth getting a quote from Farm Bureau.
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Membership in the Farm Bureau is available to all drivers or homeowners, not just farmers. Although there is an annual fee associated with membership, usually less than $100 depending on where you live, these costs are offset by its industry-leading rates.
Few major carriers are able to compete with Farm Bureau auto insurance rates, although Geico was an exception. In addition to its competitively priced auto insurance policies, however, Farm Bureau members can take advantage of other benefits, such as discounts on travel, entertainment and prescriptions.
Below we review industry experts’ analysis of Farm Bureau customer satisfaction claims. Overall, Farm Bureau has among the highest ratings we’ve seen for a major carrier.
Auto insurance take-away: If you are looking for the cheapest rates, we recommend comparing auto insurance quotes from Farm Bureau and Geico. Both insurance companies offer some of the most competitive rates among major carriers. And while Farm Bureau doesn’t have many unique auto insurance discounts, its low rates, excellent customer service and additional membership benefits make it an attractive option to consider.
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Home insurance take-away: Farm Bureau is a good company to look at if you place a premium on customer service and don’t mind paying average rates. The company has a number of coverage options and discounts that match what is available from many of the largest insurers in the country.
Whether you’re a college student looking for the cheapest quotes or a farmer who’s already a member of the local chapter, Farm Bureau rates are best in class. In this review, we describe Farm Bureau auto insurance coverage options and discounts, and compare its rates to other leading competitors.
About three driver profiles we studied, Farm Bureau offers competitive, and sometimes the cheapest, car insurance rates. Based on our sample driver profiles, Geico is the only insurer that offers rates on par with the quotes offered by the Farm Bureau. Notably, Farm Bureau was also the only insurer that did not change its annual rate based on gender or marital status.
Progressive and Allstate were both significantly more competitive than Farm Bureau for all three driver profiles. Unless you’re debating getting coverage from Geico, it can be challenging to find cheaper rates with another insurer.
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However, drivers should remember that they must pay for an annual membership to qualify for a farmer’s auto insurance policy. The cheapest tier of membership usually costs $100 or less annually, but it should still be included in your calculations when you finally decide on an insurer.
Along with standard coverage options, Farm Bureau allows customers to supplement their coverage with add-on services and protection.
Add-on coverage options at Farm Bureau are priced individually, so the savings depend on whether you’re eligible and what you choose. Rates for both standard coverage options and add-ons can vary widely depending on your driver profile and location. Add-on coverages include:
Policyholders should consider enrolling in the Farm Bureau’s Driveology program if they can demonstrate consistent safe driving behavior. Drivers install a small device in their vehicle’s OBD-II port. If the data collected by the device indicates good driving behavior, drivers can save up to 30% on their car insurance premiums.
Auto, Home, And Life Insurance
Some of the local Farm Bureau chapters are mutual insurance companies, meaning they are owned by the policyholders. From time to time policyholders may receive dividends. These do not have to be used as a discount against car insurance – policyholders can use the funds for anything. However, dividends are based on the profitability of the insurer, so they are not guaranteed. Farming subsidiaries monitor their annual performance to determine whether they will provide a dividend payment in a given year.
While Farm Bureau does not have particularly unique discounts compared to other insurers, it does offer many of the standard or widely available discounts. In fact, Farm Bureau rates are typically already discounted for members, which is one of their main selling points to customers.
Farm Bureau offers the Driveology program, which can help safe drivers save money. After installing a small device that measures driving behavior, drivers can get a discount of up to 30% on their premiums. Plus, they can take advantage of additional savings through the Farm Bureau’s SafeRide Rewards program.
Farm Bureau also offers a program known as SuperCheck, in which an agent reviews your policy once a year to make sure you’re getting all the discounts you’re eligible for. A sample list of Farm Bureau auto insurance discounts follows.
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Availability and eligibility vary by state. Not all discounts may be available with your local Farm Bureau chapter.
It’s also worth mentioning that membership with the Farm Bureau offers some other discounts that aren’t related to car insurance that they offer to customers. You can save on:
Farm Bureau is a good choice for home insurance because of useful coverage options and strong customer service, which makes life easier if something happens to your home. However, you won’t find the cheapest rates, because Farm Bureau prices are close to average.
Farm Bureau has rates that are slightly below average. The average price of $1,580 per year is about 2% lower than the average of major insurers. Farm Bureau is cheaper than some big insurers like Nationwide and Travelers.
Tim Heyde Agency
Farm Bureau doesn’t offer the widest range of add-on coverage options, but it does include several important ones.
Standard home insurance coverage covers the structure of your home, your personal belongings, some living expenses if an event forces you out of your home and liability protection.
Farm Bureau offers homeowners a number of somewhat standard discounts for home insurance. None are particularly unique, but they can help you lower your rates.
Farm Bureau has agents meet with you at least once a year to go over your insurance needs and coverage, a process the company brands as “Super Check.” This is an opportunity to identify new discounts you can take advantage of, as well as increase or decrease coverage to suit your needs.
Find An Agent
Farm Bureau customer reviews are generally positive. Customers typically describe agents as very pleasant and personable. Their community-based agents offer a personal touch that is often touted as a reason to use the insurer. In fact, Farm Bureau ranked first in JD Power’s 2022 US auto insurance study for both the Southeast and Texas regions.
Farm insurance should generally provide a smooth claims process for auto insurance. The National Association of Insurance Commissioners (NAIC) reports that the Texas Farm Bureau, for example, has a 2021 complaint index of 0.12 for auto insurance and 0.02 for home insurance, both of which are significantly lower than the national median of 1, 00. Such a low complaint index suggests that Farm Bureau receives fewer complaints than the average relative to other insurers.
While the Farm Bureau has a presence in all 50 states and Puerto Rico, it only underwrites and sells its own auto insurance policies in a few areas. In 19 states, a local Farm Bureau subsidiary signs policy. In the remaining states, either a regional farm associate serves customers, or local farm bureau members can qualify for discounted rates at partner insurers.
Partner insurance companies include major national carriers such as Nationwide and Country Financial. One exception is Hawaii, where the local Farm Bureau does not underwrite auto insurance policies.
Texas Farm Bureau
Farm Bureau has excellent capacity to pay out customer insurance claims, according to A.M. Best’s Financial Strength Rating. In fact, Farmer A was founded by A.M. Best, which awards letter grades based on a company’s ability to meet its financial obligations. The A indicates that Farm Bureau is considered financially stable enough to pay out customer claims. If you need to file a claim, you can call 800-226-6383.
Yes, Farm Bureau has competitive rates and reliable customer service. That makes it a good option for home and auto insurance.
Availability may vary by state, but most insurance companies sell home, auto, farm/ranch and life insurance, among other types of coverage.
Yes, Farm Bureau offers auto insurance rates that are consistently very affordable for a number of different drivers. Home insurance rates are a little cheaper than average.
Farm Bureau Insurance: What You Need To Know
The analysis uses insurance rate data from Quadrant Information Services. These rates were obtained publicly from insurer filings and should be used for comparative purposes only. Your own quotes may be different.
Home insurance rates were averaged from thousands of quotes across the 17 states in which Farm Bureau is one of the 15 largest home insurers. Prices are for homes of an average age and value in each state and are compared with other major insurers.
To get an insurance quote over the phone, call: (855)
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