Erie vs Farm Bureau Car Insurance for 2023
Unlock the competition between Erie Insurance and Farm Bureau Insurance as we dissect the differences between these two established entities in the car insurance arena, providing a comprehensive exploration that empowers you to make an informed decision for your car insurance needs.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Navigating the intricacies of auto insurance rates is a crucial endeavor, and our data analysis showcases clear differentiators between Erie and Farm Bureau. For a 45-year-old male driver, with factors ranging from a clean record to a DUI and from excellent to poor credit, the monthly rates offer a striking insight. Furthermore, exploring the discount landscape, we dissect how various factors, including anti-theft measures and low mileage, impact rates.
| Factors | Erie | Farm Bureau |
|---|---|---|
| Clean Record | $58 | $165 |
| 1+ Ticket | $70 | $215 |
| 1+ Accident | $82 | $200 |
| DUI | $107 | $290 |
| Poor Credit | $100 | $284 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
| Discounts | Erie | Farm Bureau |
|---|---|---|
| Anti Theft | 7% | 20% |
| Good Student | 11% | 12% |
| Low Mileage | 9% | 18% |
| Paperless | 6% | 8% |
| Safe Driver | 16% | 10% |
| Senior Driver | 12% | 25% |
Erie Car Insurance
Pros:
- Longevity and Stability: Founded in 1925, Erie has a long history and an A+ rating from A.M. Best, indicating financial stability.
- Wide Range of Coverage: Erie offers various insurance products, including car, home, life, and business insurance.
- Competitive Rates: Known for competitive rates and a variety of discounts, such as multi-policy, safe driving, and multi-car discounts.
- Positive Customer Feedback: High customer satisfaction, especially in claims handling, with praise for knowledgeable and helpful customer service.
Cons:
- Limited Availability: Available in 12 states and the District of Columbia, limiting its reach compared to nationwide providers.
- Incomplete Financial Rating: While Erie has a strong A+ rating, Farm Bureau’s financial strength rating is not provided.
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Farm Bureau Car Insurance
Pros:
- Community-Focused Mission: Founded in 1939, Farm Bureau focuses on meeting the needs of rural communities and agricultural businesses.
- Personalized Service: Emphasizes personalized service and competitive rates, catering to the specific needs of its target market.
- Discount Variety: Offers discounts for safe driving, good grades, and multiple vehicles.
- Positive Customer Reviews: Well-regarded for customer service, with customers highlighting the ease of filing claims and helpful agents.
Cons:
- Regional Presence: Primarily available in the Midwest and South, limiting availability compared to national providers.
- Limited Information: The absence of a financial strength rating from A.M. Best may leave potential customers uncertain about Farm Bureau’s financial stability.
Best Overall: Erie Insurance
When evaluating Erie Insurance and Farm Bureau Car Insurance based on their rates and offerings, Erie emerges as the superior choice for several reasons.
Competitive Rates and Financial Stability: Erie Insurance consistently provides competitive rates and has earned an A+ rating from A.M. Best, reflecting its superior financial stability. This rating not only instills confidence in the company’s ability to meet financial obligations but also positions Erie as a reliable and secure choice for policyholders.
Extensive Coverage Options and Discounts: Erie Insurance stands out with a comprehensive range of insurance products, including car, home, life, and business insurance. Moreover, they offer a variety of discounts, such as multi-policy, safe driving, and multi-car discounts, providing policyholders ample opportunities to save on premiums without compromising coverage.
Positive Customer Feedback and Claims Handling: Customer satisfaction is a critical factor, and Erie excels in this aspect. The company has garnered positive reviews for its knowledgeable and helpful customer service representatives. Additionally, their efficient claims-handling process ensures that policyholders experience minimal disruption and receive prompt assistance during challenging times.
While Farm Bureau Insurance has its merits, such as a community-focused mission and personalized service, Erie Insurance’s broader availability, diverse coverage options, and consistently positive customer feedback position it as the best overall choice for individuals seeking reliable and affordable car insurance.
Company History and Mission
Erie Insurance was founded in 1925 in Pennsylvania and has grown to become one of the largest insurance companies in the country, serving customers in 12 states and the District of Columbia. The company’s mission is to provide its customers with quality insurance products and superior customer service at an affordable price.
Farm Bureau Insurance was founded in 1939 in Iowa and has since expanded to 14 states, primarily in the Midwest and South. The company’s mission is to provide insurance products and services that meet the needs of rural communities and agricultural businesses.
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Products and Services
Erie Insurance offers a wide range of insurance products, including car, home, life, and business insurance. Their car insurance policies include liability, collision, comprehensive, and uninsured/underinsured motorist coverage, as well as optional add-ons like roadside assistance and rental car coverage.
Erie offers competitive rates and a variety of discounts, including multi-policy, safe driving, and multi-car discounts.
Farm Bureau Insurance also offers a variety of insurance products, including car, home, life, and business insurance. Their car insurance policies include liability, collision, comprehensive, and uninsured/underinsured motorist coverage, as well as add-ons like roadside assistance and rental car coverage.
Farm Bureau Insurance prides itself on offering personalized service and competitive rates, with discounts for safe driving, good grades, and multiple vehicles.
Cost and States Offered
Both Erie Insurance and Farm Bureau Insurance offer competitive rates, with the exact cost of coverage depending on factors like driving record, age, location, and the type of car being insured. Erie Insurance is available in 12 states and the District of Columbia, while Farm Bureau Insurance is available in 14 states, primarily in the Midwest and South.
Erie Insurance and Farm Bureau Discounts
Both Erie Insurance and Farm Bureau Insurance offer a variety of discounts to help policyholders save money on their car insurance premiums. Some of the most common discounts include multi-policy, safe driving, and multi-car discounts. Erie Insurance also offers discounts for drivers under 21 who complete a driver training program, while Farm Bureau Insurance offers discounts for good grades and military service.
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Case Studies: Comparing Erie Insurance and Farm Bureau Car Insurance
Case Study 1: John’s Experience With Erie Insurance
John, a resident of Pennsylvania, recently purchased car insurance from Erie Insurance. He was impressed by the company’s competitive rates and the wide range of coverage options offered. John opted for liability, collision, comprehensive, and uninsured/underinsured motorist coverage, as well as additional add-ons like roadside assistance.
Case Study 2: Sarah’s Choice of Farm Bureau Car Insurance
Sarah, a resident of Iowa, decided to go with Farm Bureau Insurance for her car insurance needs. As a rural community member, she appreciated Farm Bureau’s mission of catering to the insurance needs of rural communities and agricultural businesses. Sarah found the company’s personalized service to be a standout feature.
Case Study 3: Mark’s Comparison of Erie Insurance and Farm Bureau Insurance
Mark, a resident of Ohio, was in search of the best car insurance coverage for his needs. He decided to compare Erie Insurance and Farm Bureau Insurance to make an informed decision. Mark found that both companies had a strong reputation and offered competitive rates in his area.
Effortless Claims Handling With Erie vs. Farm Bureau
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Both Erie Insurance and Farm Bureau Insurance offer convenient ways to file a claim. Policyholders can file claims online through their respective websites or mobile apps, providing a hassle-free experience. Additionally, both companies have dedicated customer service hotlines for those who prefer to file claims over the phone.
Average Claim Processing Time
When it comes to the average claim processing time, both Erie Insurance and Farm Bureau Insurance strive to provide efficient and timely service to their customers. While specific processing times may vary depending on the nature of the claim and individual circumstances, both companies have a reputation for prompt claims handling.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback plays a crucial role in assessing the performance of insurance companies. Erie Insurance and Farm Bureau Insurance have received positive reviews from customers regarding their claim resolutions and payouts. Policyholders have praised the knowledgeable and helpful customer service representatives of both companies, highlighting their dedication to ensuring a smooth claims process.
Exploring Erie vs. Farm Bureau Digital and Technological Innovations
Mobile App Features and Functionality
Both Erie Insurance and Farm Bureau Insurance offer user-friendly mobile apps with a range of features. These apps allow policyholders to access their insurance information, view policy details, make payments, and even file claims from the convenience of their smartphones. The mobile apps enhance the overall customer experience by providing easy access to essential services.
Online Account Management Capabilities
Policyholders of Erie Insurance and Farm Bureau Insurance can manage their policies online through secure account management portals. These portals enable customers to review and update their policy information, make payments, and access important documents. Online account management enhances convenience and ensures that policyholders have quick and easy access to their insurance information.
Digital Tools and Resources
Both companies offer a variety of digital tools and resources to assist policyholders. These tools may include online calculators, educational resources, and guides to help customers better understand their insurance options and coverage. Erie Insurance and Farm Bureau Insurance are committed to providing policyholders with the necessary information and resources to make informed decisions about their insurance needs.
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Customer Reviews
Erie Insurance has received high marks for customer satisfaction and claims handling, with many customers praising the company’s knowledgeable and helpful customer service representatives. Farm Bureau Insurance also has a strong reputation for customer service and personalized attention, with many customers noting the ease of filing a claim and the helpfulness of their agents.
Frequently Asked Questions
What types of car insurance coverage do Erie and Farm Bureau offer?
Both Erie and Farm Bureau provide standard car insurance coverage options, including liability, collision, comprehensive, personal injury protection, and uninsured/underinsured motorist coverage.
Can I get a discount on my car insurance premium with Erie or Farm Bureau?
Yes, both companies offer various discounts, such as safe driver discounts, multi-car discounts, and bundling discounts with other insurance policies.
How can I file a claim with Erie or Farm Bureau?
You can file a claim with either company by calling their customer service hotline or through their online portal. Ensure you have your policy number and relevant information about the accident or incident on hand.
What is Erie’s and Farm Bureau’s financial strength rating?
Erie has an A+ rating from A.M. Best, indicating a superior ability to meet financial obligations. Farm Bureau’s financial strength rating from A.M. Best is not provided.
How do Erie’s and Farm Bureau’s car insurance rates compare to other companies?
Car insurance rates vary based on factors like location, age, and driving history. While both companies are known for competitive rates in certain regions, it’s recommended to compare quotes from multiple insurance providers to find the best rate for your specific circumstances.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.