Farm Bureau Insurance Review & Ratings (2024)

Farm Bureau insurance has been in operation for more than 60 years, and has grown from a company with limited offerings to the farming community to a full service insurance company offering many lines of coverage including home, auto, health, life and long term disability insurance, as well as the original farm, ranch, crop and commercial agriculture lines.

Farm Bureau Insurance is a well-established insurance provider with a long history of serving customers across the United States. Their comprehensive car insurance policies, a wide range of discounts, and a solid reputation for customer service make them a great choice for anyone in the market for car insurance.

Whether you’re looking for basic liability coverage or more comprehensive protection, Farm Bureau Insurance has a policy that will meet your needs and budget.

What You Should Know About Farm Bureau Insurance

Farm Bureau insurance has been in operation for more than 60 years, and has grown from a company with limited offerings to the farming community to a full service insurance company offering many lines of coverage including home, auto, health, life and long term disability insurance, as well as the original farm, ranch, crop and commercial agriculture lines.

Farm Bureau Insurance Coverage Options

Farm Bureau Insurance offers a wide range of insurance products and services to individuals, families, and businesses. Here is a closer look at some of the products and services they offer:

• Car insurance: Farm Bureau Insurance offers comprehensive car insurance coverage that includes liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. They also offer additional coverage options, such as roadside assistance, rental car reimbursement, and more.
• Home Insurance: Farm Bureau Insurance offers home insurance coverage that includes protection for your home and personal property, as well as liability coverage. They also offer additional coverage options, such as flood insurance, personal umbrella insurance, and more.
• Life insurance: Farm Bureau Insurance offers life insurance coverage that includes term life insurance, whole life insurance, and universal life insurance. They also offer additional coverage options, such as accidental death and dismemberment insurance, and more.
• Health insurance: Farm Bureau Insurance offers health insurance coverage, including individual and family health insurance plans, as well as Medicare supplement plans.
• Business insurance: Farm Bureau Insurance offers a range of insurance products and services for businesses, including property and liability insurance, workers’ compensation insurance, and more.
• Pet insurance: Farm Bureau Insurance offers pet insurance coverage for cats and dogs, which includes coverage for accidents, illnesses, and routine care.

The cost of their insurance products and services varies depending on some factors, including the type of coverage you choose, your location, and other risk factors.

Farm Bureau Insurance Rates Breakdown

Determining the cost of insurance with Farm Bureau is a crucial step in making an informed decision about your coverage needs. The expenses associated with insurance policies can vary based on several factors, including the type of coverage, location, and individual risk factors.

In this section, we delve into the key considerations that impact the cost of Farm Bureau Insurance, providing insights to help you navigate through the pricing structure.

Cost Factors

The cost of insurance from Farm Bureau varies depending on several factors, such as the type of coverage selected, the policyholder’s location, and individual risk factors. The company offers a range of insurance products, including home, auto, health, life, and more.

To obtain an accurate estimate tailored to your specific needs, it’s essential to request a personalized quote. The intricacies of your policy details and circumstances will be taken into account to provide an estimate that aligns with your unique situation.

Understanding the cost of Farm Bureau Insurance is vital for individuals seeking reliable and affordable coverage. By exploring the factors that influence pricing, policyholders can make informed decisions that align with their insurance needs and budget.

It’s recommended to reach out to Farm Bureau for a personalized quote, ensuring a comprehensive understanding of the expenses associated with the desired coverage.

Farm Bureau Insurance Discounts Available

Farm Bureau Insurance offers a range of car insurance discounts to help customers save money on their insurance premiums. Here are some of the discounts that may be available:

• Multi-policy discount: If you have multiple policies with Farm Bureau Insurance, such as car insurance and homeowners insurance, you may be eligible for a discount on your premiums.
• Safe driving discount: If you have a clean driving record with no accidents or traffic violations, you may be eligible for a safe driving discount.
• Good student discount: If you or a family member on your policy is a full-time student with good grades, you may be eligible for a discount on your car insurance premiums.
• Mature driver discount: If you are over the age of 55 and have completed an approved driver safety course, you may be eligible for a mature driver discount on your car insurance.
• Home safety features discount: If your home has certain safety features, such as a security system or fire alarm, you may be eligible for a discount on your homeowner’s insurance premiums.
• Payment discounts: If you set up automatic payments or pay your premium in full at the beginning of your policy period, you may be eligible for a discount.

Evaluating Claims Handling: Farm Bureau Insurance

Ease of Filing a Claim

Farm Bureau Insurance offers multiple convenient options for filing a claim. Policyholders can file a claim online through their website, over the phone by contacting their customer service, or via mobile apps designed to streamline the claims process. This flexibility allows customers to choose the method that best suits their preferences and needs.

Average Claim Processing Time

The speed at which Farm Bureau Insurance processes claims can be a critical factor for policyholders. While the exact processing time may vary depending on the nature and complexity of the claim, Farm Bureau Insurance is known for its efficient claims handling. Policyholders often receive prompt attention to their claims, ensuring that they can recover from losses as quickly as possible.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is an essential aspect of evaluating an insurance company’s claims process. Farm Bureau Insurance has garnered positive reviews from many policyholders regarding its claim resolutions and payouts.

Customers often express satisfaction with the fairness and efficiency of the claims settlement process. However, as with any insurance company, individual experiences may vary, so it’s advisable to research and read customer reviews to get a comprehensive understanding of claim experiences.

Exploring Farm Bureau Insurance Cutting-Edge Digital and Technological Features

Mobile App Features and Functionality

Farm Bureau Insurance offers a user-friendly mobile app with a range of features designed to enhance the customer experience. Through the app, policyholders can access their insurance information, view policy documents, make premium payments, and file claims. Additionally, the app often provides access to helpful resources such as roadside assistance and insurance FAQs, all accessible at their fingertips.

Online Account Management Capabilities

Policyholders can take advantage of Farm Bureau Insurance’s robust online account management capabilities. These features allow customers to manage their policies, update personal information, and track claims through a secure online portal. This digital convenience simplifies the administrative aspects of insurance, making it easier for policyholders to stay informed and in control of their coverage.

Digital Tools and Resources

Farm Bureau Insurance offers various digital tools and resources to assist customers in understanding their insurance options. These resources may include online calculators, educational articles, and informative videos that help policyholders make informed decisions about their coverage. The company’s commitment to providing accessible digital resources contributes to an overall enhanced customer experience.

How Farm Bureau Insurance Ranks Among Providers

In the competitive landscape of insurance providers, Farm Bureau faces several noteworthy competitors, each with its unique strengths and offerings. Understanding these competitors is crucial for individuals seeking comprehensive coverage and competitive rates. Here, we take a closer look at some of the main competitors of Farm Bureau Insurance.

State Farm Insurance:

State Farm is one of the largest and most well-known insurance providers in the United States. With a vast array of insurance products, including auto, home, life, and health insurance, State Farm has established itself as a go-to option for a diverse range of policyholders.

Strengths:

• Extensive Coverage Options: State Farm offers a comprehensive range of insurance products, providing customers with various options to meet their specific needs.
• Nationwide Presence: With a widespread network of agents and offices, State Farm ensures accessibility and personalized service across the country.

Considerations:

• Pricing Variability: Some customers report variability in pricing, emphasizing the importance of obtaining personalized quotes for accurate cost assessments.
• Mixed Customer Reviews: While State Farm has a large customer base, reviews vary, and some customers express concerns about claim handling and rates.

Allstate Insurance:

Allstate is another prominent insurance company known for its diverse coverage options and innovative features. Offering auto, home, life, and business insurance, Allstate has a significant presence in the insurance market.

Strengths:

• Innovative Features: Allstate stands out for its innovative tools, such as the Drivewise program, which monitors driving behavior to potentially reduce premiums.
• Variety of Coverage Options: With a wide range of insurance products, Allstate caters to the diverse needs of its policyholders.

Considerations:

• Pricing: While competitive, some customers may find Allstate’s premiums to be on the higher side, emphasizing the importance of comparing quotes.
• Customer Service: Customer reviews on service can be mixed, with some praising the company’s offerings and others expressing concerns about claim experiences.

Geico Insurance:

Known for its direct-to-consumer approach, GEICO has gained popularity for providing affordable auto insurance. The company has expanded its offerings to include home, renters, and more recently, life insurance.

Strengths:

• Cost-Effective Policies: GEICO is often recognized for its competitive pricing, making it an attractive option for budget-conscious consumers.
• Digital Accessibility: With a strong online presence, GEICO offers convenient digital tools for policy management, claims, and quotes.

Considerations:

• Limited Personal Interaction: As a direct insurer, GEICO may have limited in-person interactions, which may be a consideration for those who prefer a more traditional agent-based approach.
• Not a Mutual Company: Unlike Farm Bureau, GEICO is not a mutual company, which means it’s not owned by its policyholders.

Progressive Insurance:

Progressive is known for its focus on innovation and competitive rates in the auto insurance space. The company has expanded its offerings to include various other insurance products, such as home, renters, and business insurance.

Strengths:

• Snapshot Program: Similar to other telematics programs, Progressive’s Snapshot program monitors driving behavior to potentially lower premiums based on safe driving habits.
• Bundle Discounts: Progressive offers discounts for bundling multiple policies, providing cost savings for customers with diverse insurance needs.

Considerations:

• Customer Satisfaction: While Progressive is praised for its competitive rates, customer satisfaction reviews vary, with some customers expressing concerns about claims experiences.
• Focused on Technology: For customers who prefer a more traditional approach to insurance, Progressive’s heavy reliance on technology may be a consideration.

Understanding the strengths and considerations of these competitors can assist individuals in making informed decisions based on their specific preferences, needs, and budgetary constraints. It’s advisable to compare quotes, read customer reviews, and carefully evaluate the offerings of each competitor to find the insurance provider that aligns best with individual requirements.

Customer Reviews: Farm Bureau Insurance

Customer reviews of Farm Bureau Insurance are generally positive, with many customers praising the company’s personalized service and competitive rates.

However, it’s important to note that some customers have reported negative experiences with Farm Bureau Insurance as well, particularly regarding the cost of coverage and issues with claims handling. As with any insurance company, it’s a good idea to do your research and compare quotes from multiple providers before deciding on which company to choose for your insurance needs.