Industry Average: 75
Industry Average: 7.7
Industry Average: 8
Industry Average: 7
Farm Bureau Financial Services was founded in 1939 as Iowa Farm Mutual Insurance Company to cover farmers with liability insurance. It has expanded to offer multiple insurance lines of coverage, including auto, home, and life, and added financial products as well over the years. There are multiple companies that make up the Farm Bureau Financial Services brand. Farm Bureau Insurance is a membership organization, so it may not appeal to those who don’t want to join in order to obtain coverage. For those who are members of their local farm bureau or are interested in membership, their products might be worth a look; their programs appear solid. The company might not be competitive with major national insurers, but may appeal to those looking for personal service with added perks that are specific to farmers.
Lines of Business:
While all companies offer a range of car insurance discounts, it's hard to judge any individual discount's value in a meaningful way. For one, the discounts are typically a percentage off the base price, instead of the whole policy.
What does this mean?
Your best bet is to directly discuss your particular situation with an agent to make sure you're getting all the discounts that you may be eligible for on your auto policy. For reference, we've listed all the discounts we believe Farm Bureau Financial has below in order to help determine which ones may fit your profile (though keep in mind that they can vary by state).
|Available Option||What it means||Discount Data|
When housing both a homeowners and car insurance policy with the same company, insurers can offer combined savings.
25% to 25%
Akin to the year built discount, the new roof discount generally works on a sliding scale. The newer the roof, the higher the discount. Every year the roof ages reduces the discount for that year.
2% to 13%
How does Farm Bureau Financial compare to other insurance companies? Click the following links below to compare Farm Bureau Financial to other top insurance companies.