UPDATED: Sep 5, 2020
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AutoinsuranceEZ.com Rating:Back in 1939, the company that is known today as Farm Bureau Financial Services (FBFS) first opened its doors in Des Moines, IA. Back then, they were known as the Iowa Farm Mutual Insurance Company and helped local farmers meet their liability insurance needs. Today, they sell a variety of different insurance products in many states across the US. The easiest way to find out if Farm Bureau is offering insurance services in your area is to visit their website and click “find an agent”.
Farm Bureau Insurance Review
It appears as though the ratings for FBFS are somewhat mixed. If you go by what the BBB and A.M. Best have to say, then it appears as though this is a solid company – both financially, as well as with overall customer satisfaction. However, the popular advocacy website Consumer Affairs only has a 3/5 star rating for the company. And if you look closely at the reviews, nearly all of the ones left in the past year are only 1-star reviews.
|AM Best Financial Strength Rating||A|
|Consumer Affairs||3/5 Stars|
|Better Business Bureau Rating||A+|
Farm Bureau Insurance Discounts
According the FBFS website customers can apply for the following discounts with an FBFS auto policy:
- Farm Bureau Member’s Choice – Bundling your home + auto insurance
- Good Student Discount – lower premiums for good grades
- Safe Drive Discount – lower premiums for safe driving
- Continued In-Force Credit – loyalty credits for staying maintaining an active policy with FBFS
- Low Mileage Discount – savings for driving less than 7,500 miles per year
- Safe Young Driver Discount – a discount for any driver under the age of 25 who completes the Young Driver Safety Program
They do not, however, explain how much you can expect to save with each discount. This is not uncommon with companies who do business in several different states, since different laws and regulations might conflict with their ability to offer a uniform discount nationwide. The best way to get the most accurate information is to get in touch with a local FBFS agent near you.
Farm Bureau Auto Insurance Options
In order for an automotive insurance company to be able to sell you insurance legally, they have to provide at least the minimum mandatory coverages and dollar amounts of coverage as required by your state laws. Many companies also offer extras such as Collision or comprehensive. Like most other companies, Farm Bureau offers the following types of coverage on its auto policies:
- Liability (Property Damage and Bodily Injury)
- Medical/No-Fault Coverage (varies by state)
- Uninsured/Underinsured Motorist
- Replacement Cost Coverage (optional; varies by state)
Comparing Farm Bureau Insurance Quotes
When comparing quotes, you should make sure that the information you’re getting accurately reflects your personal driving history and circumstances. Otherwise, your rates might vary wildly: