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Georgia Farm Bureau Insurance Review 2020

Feb. 14, 2020
Auto Insurance, Insurance
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  • Offers some of Georgia’s cheapest average auto insurance rates.
  • Has fewer than the expected number of complaints to state regulators relative to its size for auto and home insurance.
  • Requires membership in Farm Bureau, which is open to anyone.

In Georgia, Farm Bureau insurance may be a good choice for you, even if your only connection to farming is what’s on your dinner plate.

A $35 annual membership fee to the Farm Bureau gives you access to some of the cheapest auto insurance rates in Georgia, on average, plus homeowners insurance and other benefits.

Although Farm Bureau insurance is available in most states, policies from Georgia Farm Bureau Insurance are offered only in the Peach State. Georgia Farm Bureau Insurance is one of more than 20 separate Farm Bureau-affiliated insurance companies, many of which operate in just one state.

» MORE: How Farm Bureau insurance works

Georgia Farm Bureau auto insurance

3.5 NerdWallet rating

Georgia Farm Bureau auto insurance earned 3.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account a number of details including pricing, discounts and ease of filing a claim. Other factors analyzed include website transparency, financial strength and complaint data from the National Association of Insurance Commissioners.

For many drivers, Georgia Farm Bureau Insurance offers some of the lowest average prices in the state, according to NerdWallet’s 2020 rate analysis. Even after taking into account the Farm Bureau membership fee, rates were typically hundreds of dollars a year cheaper than the state average.

Drivers with poor credit might be particularly interested in getting a Georgia Farm Bureau car insurance quote. The company was the only insurer of the seven we checked in Georgia that showed the same rates for good-credit and bad-credit drivers. Rates from other insurers in Georgia were as much as $2,000 a year higher for a driver with poor credit compared to someone with good credit.

For single drivers, Georgia Farm Bureau Insurance was the state’s cheapest option in every category we checked except for one: It was second cheapest (by $34 a year) for a 25-year-old with good credit and a clean driving record, buying the state’s minimum required car insurance. In other categories, rates ranged from $173 to $1,621 a year below the state average.

Georgia Farm Bureau Insurance average annual rates

 40-year-old driver25-year-old driver
Full coverage
Good driver, good credit$1,152$1,392
Good driver, poor credit$1,152$1,392
After a speeding ticket$1,254$1,520
After an at-fault crash$1,254$1,520
After a DUI$2,192$2,673
Minimum coverage
Good driver, good credit$517$621
Good driver, poor credit$517$621
After a speeding ticket$562$675
After an at-fault crash$562$675
After a DUI$964$1,169

Georgia Farm Bureau Insurance was also the state’s least expensive insurer for a married couple with a teen driver, and the second cheapest option for the couple alone. We found these average annual rates for a Georgia husband and wife, both 50 years old, buying full coverage insurance on two cars:

  • $2,167 for the couple alone. That’s $263 a year higher than the cheapest option, but still $154 below the average for Georgia.
  • $3,584 for the couple plus an 18-year-old driver. That’s $138 a year cheaper than the closest competitor and $684 below the state average.

Georgia Farm Bureau auto insurance discounts

Georgia Farm Bureau auto insurance policyholders may be eligible for discounts for:

  • Safe driving.
  • Driver training.
  • Bundling auto and home coverage.
  • Good grades, if the policy covers a student.

» MORE: 8 ways to get the cheapest car insurance possible

Georgia Farm Bureau auto insurance coverage options

Georgia Farm Bureau Insurance has limited information on its website about its car insurance coverage options. However, according to our rate analysis, the company offers standard features such as liability insurance as well as optional add-ons like comprehensive and collision coverage.

Roadside assistance is included through a partner company, Road America, a subsidiary of Mapfre. Accident forgiveness is also available.

» MORE: Best cheap car insurance in Georgia

Georgia Farm Bureau homeowners insurance

Homeowners policies from Georgia Farm Bureau Insurance can include options like:

  • Mechanical breakdown coverage.
  • Home business insurance.
  • Coverage for hobby farms.
  • Extra coverage for valuables like jewelry, furs and firearms.

More about Georgia Farm Bureau Insurance

Georgia Farm Bureau Insurance had fewer than the expected number of complaints to state regulators relative to its size for both home and auto insurance, according to three years’ worth of data from the National Association of Insurance Commissioners.

In addition to home and auto policies, you can get several other types of coverage through Georgia Farm Bureau Insurance, including:

  • Renters insurance.
  • Condominium insurance.
  • Farm insurance.
  • Life insurance through Southern Farm Bureau Life, an affiliated company that operates in 11 states.

Georgia Farm Bureau members may also qualify to purchase:

  • Dental insurance through Delta Dental.
  • Medicare supplement insurance through Tennessee Rural Health.
  • Preventive health screenings through Life Line Screening.
  • Telemedicine services through Teladoc.
  • Health insurance for small businesses, including sole proprietors, through Anthem Blue Cross and Blue Shield of Georgia.

Georgia Farm Bureau offers discounts for prescription drugs, LASIK eye surgery, air ambulance service, hearing aids and other products and services.

Website: The Georgia Farm Bureau Insurance website lets you find an agent, get a quote, make premium payments and report a claim. It has very few details about policy options, and refers you to a local Farm Bureau agent.

Mobile app: On your mobile device you can pay your premiums, start a claim and check its status. You can also connect with an agent, view your policy information and call for roadside assistance.

Recap: Georgia Farm Bureau Insurance pros and cons

ProsCons
Low auto insurance rates.Farm Bureau membership requires an annual fee.
Fewer customer complaints than expected for a company of its size.Website lacks details about policy options.
Multiple benefits and discounts through Farm Bureau membership.

Auto insurance ratings methodology

NerdWallet’s auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, website transparency and affordability. Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Methodology

For our “good driver” profile, NerdWallet averaged rates from the largest insurers in the state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.
If required, minimum additional coverages were added and "good driver" discounts were automatically applied. Our “young driver” had all the same characteristics, but average rates were for 25-year-old men and women. We used a 2016 Toyota Camry LE for all single drivers. We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage.
  • For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.
  • For drivers with a DUI, we added a single drunken driving violation.
Couples in our analyses were 50-year-old men and women with good credit and clean driving histories, averaged across all ZIP codes with the same policy outlined above. To see rates for families with a teen, we added an 18-year-old licensed two years ago, averaging rates for male and female teens. For couples and families we added a 2016 Nissan Rogue S to create a two-car household.

In all cases, a paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are rates provided by Quadrant Information Services. Your own rates will be different.

Methodology: Insurer complaints

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2016-2018. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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