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Texas Farm Bureau earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring system looks at how happy customers are, data from the National Association of Insurance Commissioners about complaints, and ratings of how strong a company’s finances are.
Whether you drive a Toyota or a tractor, Texas Farm Bureau Insurance has you covered. The company can offer some of the cheapest auto insurance in Texas and other financial products because it is part of the Farm Bureau, a group of insurance companies across the country.
There is one catch, though: Texas Farm Bureau Insurance is only for people who live in the Lone Star state.
In our auto insurance reviews, our editorial team considers both the customer and the insurer. These are some of the factors we take into account:
Financial strength. We use A. M. Best ratings to confirm an insurer’s long-term financial stability and ability to pay claims. NerdWallet does not recommend companies with a rating lower than a B.
Complaints. Based on three years of data from the National Association of Insurance Commissioners, these ratings are based on how many complaints about a company there were compared to its size. The best auto insurance companies have fewer than the expected number of complaints.
Ease of use. This category looks at how easily consumers can interact with an insurer through its mobile app and website. This includes how much information about coverage is available online, whether a user can start and track a claim online, and whether they can get a quote. It also includes scores for mobile apps based on ratings from the Apple and Google Play stores.
Discounts. We look at both the kind of discounts a company offers and the total number of discounts available.
If you’re a Texas resident shopping for insurance, you’ve likely come across Farm Bureau Insurance. As an auto and home insurance provider founded by agricultural associations, Farm Bureau has a strong foothold in rural parts of the Lone Star State.
But is Farm Bureau Insurance the right choice for you? I’ll take an in-depth look at what they offer Texas customers and share reviews from current policyholders. Read on for the full scoop so you can make an informed decision when choosing an insurance provider.
Overview of Farm Bureau Insurance in Texas
Farm Bureau Insurance began in Texas in 1952 and now operates in over 150 counties across the state. The company sells auto, home, life, business, and specialty insurance products.
Farm Bureau is structured as a non-profit mutual company. Instead of shareholders, it’s owned by members who elect the board of directors. Farm Bureau membership is required to get an insurance policy in Texas.
One benefit of the mutual company structure is that Farm Bureau can return “dividends” or premium discounts to policyholders in good loss years
As you’d expect from the name, Farm Bureau Insurance maintains close ties to the agricultural community But you don’t have to be a farmer or rural resident to become a customer. Farm Bureau writes policies for all types of drivers and homeowners in Texas.
Farm Bureau Auto Insurance Overview
For drivers, Farm Bureau sells standard auto insurance policies offering:
- Liability coverage in case you cause an accident
- Collision to cover damage to your own vehicle
- Comprehensive for damage from incidents like theft or hail
- Uninsured motorist protection if you’re hit by an uninsured driver
- Medical payments to cover injuries to you and your passengers
You can also add extras like roadside assistance, rental reimbursement, custom parts/equipment coverage, and Mexico liability. Bundling your homeowners or life insurance with Farm Bureau may qualify you for a multi-policy discount.
How does Farm Bureau’s pricing stack up to competitors? Average rates can vary greatly by driver location, age, driving history and other factors. However, data suggests Farm Bureau auto insurance tends to be very affordable for most Texas drivers compared to options like Allstate, Geico, Progressive and State Farm.
Home Insurance Offered by Farm Bureau
On the property side, Farm Bureau Insurance provides home insurance to protect against perils like fire, theft, wind, hail, lightning, snow collapse and more. Core coverages include:
- Dwelling to repair or rebuild your home
- Other Structures like garages, sheds and fences
- Personal Property for belongings like furniture, clothes and electronics
- Loss of Use to pay for temporary housing if your home is uninhabitable after a covered loss
- Personal Liability for accidents on your property for which you’re legally responsible
- Medical Payments to cover medical bills for people injured on your property
Additional coverages are available such as replacement cost for personal property, identity theft expense, water backup or sewer overflow protection, and extended dwelling replacement cost.
For homeowners, Farm Bureau Insurance pricing is often very competitive with other top insurers in Texas like Allstate, Liberty Mutual, Nationwide, State Farm and USAA. Discounts may be available for smart home devices, security systems, multi-policy bundling and more.
Reviews of Farm Bureau Insurance in Texas
Now let’s look at what current Texas customers have to say about Farm Bureau Insurance based on reviews on sites like ConsumerAffairs, BBB, Yelp and more:
Pros:
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Low rates and premiums
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Good customer service from local agents
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Fast claims processing and payments
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Dividend payments reward customer loyalty
Cons:
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Mixed reviews of claims satisfaction from some customers
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Limited coverage options compared to larger national brands
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Difficulty managing policies/payments online or via mobile app
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Required Farm Bureau membership feels gimmicky to some
Overall, Farm Bureau earns above average satisfaction marks from Texas policyholders compared to other leading insurance carriers. Customers praise the low rates and the friendly assistance of local agents in small towns. Drawbacks mentioned occasionally include an old-fashioned feel and some dissatisfaction with claim settlements.
Is Farm Bureau Insurance Right for You?
At the end of the day, choosing the best insurance company comes down to your specific situation and priorities. Here are a few final things to consider about Farm Bureau Insurance in Texas:
- Excellent choice if you want quality insurance at low rates
- Ideal if you prefer superb local agent assistance over fancy apps
- Consider looking elsewhere if you want lots of bells and whistles or leading edge tech capabilities from your insurer
- Weigh Farm Bureau’s financial strength if you require assurance from a huge national brand. They are smaller but do have an A rating from A.M. Best.
For many Texas residents, Farm Bureau represents a great value on auto, home, and life insurance tailored to their needs by helpful local representatives. But make sure to compare Farm Bureau rates and coverages against other brands to find your best fit.
Auto insurance discounts
NerdWallet has looked at auto insurance rates in the past and found that Texas Farm Bureau Insurance has some of the best prices in the state. As an auto policyholder, you may be eligible for discounts by:
- Bundling auto coverage with other Texas Farm Bureau policies.
- Insuring more than one vehicle.
- Having a claims-free record for the past three years.
- Driving a car that has safety features.
- Getting good grades if you or someone on your policy is a student
- Taking an approved driver education course (if you are younger than 25)
Members may also get deals and discounts on other goods and services, like oil changes and online defensive driving courses.
Not sure where to begin when shopping for car insurance for the first time? Read our guide on how to shop for car insurance.
Texas Farm Bureau home insurance coverage
Personal property insurance protects the things in your home, and loss of use insurance pays for you to stay somewhere else while your house is being fixed because of a claim. These are some of the standard types of homeowners insurance that Texas Farm Bureau offers.
Texas Farm Bureau Insurance Review: Pros and Cons
FAQ
Is Texas Farm Bureau good at paying claims?
Who is cheaper than Texas Farm Bureau?
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Cheapest Liability Insurance in Texas
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Average Monthly Cost
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Average Annual Cost
|
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Texas Farm Bureau
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$40
|
$483
|
|
State Farm
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$50
|
$606
|
|
Redpoint County Mutual
|
$59
|
$708
|
|
Geico
|
$63
|
$757
|
Who is the cheapest insurance company in Texas?
Is Texas Farm Bureau the same as Farm Bureau Insurance?
Is Texas Farm Bureau a good insurance company?
Where Texas Farm Bureau does stand out is in its customer service reviews, with strong ratings for both homeowners and auto insurance. One downside, however, is that you can’t get insurance quotes online, making it hard for customers to get a quick price and compare it to the prices of other insurers while shopping.
Does NerdWallet receive compensation for reviews of Texas Farm Bureau Insurance?
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for auto insurance. This 2024 review of Texas Farm Bureau Insurance includes info about customer satisfaction, complaints and policy options for home and auto insurance.
Does Texas Farm Bureau offer cheaper auto insurance rates?
You will likely find cheaper auto insurance rates with a different insurer than Texas Farm Bureau. The company consistently charged higher-than-average rates for drivers with an at-fault accident on their record. Additionally, purchasing an insurance policy from the organization requires paying an annual membership fee of $50.
How do I get a Texas Farm Bureau car insurance discount?
As an auto policyholder, you may be eligible for discounts by: Bundling auto coverage with other Texas Farm Bureau policies. Insuring more than one vehicle. Having a claims-free record for the past three years. Driving a car that has safety features. Having good grades, if you or someone on your policy is a student.