Texas Farm Bureau Insurance Review
- With 3.0/5 stars in 2024, Texas Farm Bureau is an average insurance company.
- Read Texas Farm Bureau reviews, complaints and prices before you buy.
Texas Farm Bureau insurance: Ratings and reviews
Texas Farm Bureau Insurance is a well-established insurer, providing auto coverage specifically to residents of the Lone Star State. According to our survey of the best regional car insurers, it is a top choice for customers in the southwest. With a firm commitment to serving the needs of Texans, the company has a significant share of the state's auto insurance market. This review aims to shed light on the strengths of Texas Farm Bureau Insurance, as well as its coverage options and discount potentials.
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Localized services catered specifically to Texas residents
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Offers a variety of coverage options for auto policies
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Known for its strong customer service
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Numerous discount opportunities for policyholders
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Membership is required to access insurance
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Only available in Texas
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Some customers have reported slower claim resolution times
Is Texas Farm Bureau a good insurance company?
We evaluated Texas Farm Bureau Insurance based on their customer service, claims satisfaction, and financial strength:
Customer Satisfaction: Above average
- The J.D. Power rated Texas Farm Bureau as Above average in overall auto customer satisfaction[1]
Complaint Index: Below average
- The National Association of Insurance Commissioners (NAIC) receives Below average customer complaints for Texas Farm Bureau[2]
Financial Strength: Excellent/Good
- Texas Farm Bureau received an Excellent/Good financial strength rating from A.M. Best for its ability to pay out claims[3]
In addition to third-party ratings, we like to incorporate the results from our own consumer survey where we ranked which auto insurance companies are the best based on feedback from real customers. However, we did not collect a sufficient amount of data on Texas Farm Bureau for it to be included.
How much does Texas Farm Bureau insurance cost?
Currently, the national average for a 6 month car insurance policy is $880, whereas Texas Farm Bureau is about $820Â or roughly 7%Â cheaper than a typical policy, so it could be one of the cheaper auto insurance options available, but this will depend on your individual rating factors.
The cost of car insurance with Texas Farm Bureau can vary based on numerous factors, including your driving history, your vehicle, and where you live in the state. Remember, it's crucial to get a personalized quote for the most accurate pricing.
| Company | Avg. Monthly Premium |
|---|---|
| Travelers | $112 |
| Nationwide | $123 |
| GEICO | $129 |
| State Farm | $131 |
| Texas Farm Bureau | $137 |
| Farmers | $149 |
| Progressive | $157 |
| Allstate | $201 |
Like with most insurance companies, pricing for Texas Farm Bureau auto insurance does vary based on your age and generally will get cheaper the older you get.Â
The table below shows Texas Farm Bureau's car insurance premiums for different age brackets.
| Age Group | Avg. Monthly Premium |
|---|---|
| Teens | $253 |
| 20s | $166 |
| 30s | $135 |
| 40s | $134 |
| 50s | $119 |
| 60s | $109 |
The Zebra’s Dynamic Insurance Rating Tool data methodology
The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.
The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.
For a comprehensive understanding, see our detailed methodology.
Discounts offered
Texas Farm Bureau offers several auto insurance discounts that could help lower your premium:
- Multi-policy discount
- Safe driver discount
- Good student discount
- Driver's training
- Vehicle safety
To see if you're eligible for these or other discounts, reach out to a Texas Farm Bureau agent to find out details.
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What types of coverage does Texas Farm Bureau offer?
One important part of our insurance carrier review is evaluating the types of coverage offered. Alongside standard coverage options like liability, collision, and comprehensive, Texas Farm Bureau offers:
- Uninsured/underinsured motorist coverage: Protects you if you're involved in an accident with a driver who doesn't have insurance or enough insurance to cover the damages.
- Medical payments coverage: Helps cover medical or funeral costs resulting from a car accident.
- Roadside assistance: An optional coverage to help you out of a tough situation like running out of gas, a flat tire, or a lock-out when traveling in your vehicle.
- Rental coverage: Covers rental car expenses after a covered loss.
Read more about Texas Farm Bureau's auto coverage here.
Additional products
Texas Farm Bureau offers an array of products other than auto insurance. For instance, you can also obtain the following coverage and potentially qualify for a multiple-policy discount:
- Home insurance
- Farm and ranch insurance
- Life insurance
- Commercial insurance
Membership
Texas Farm Bureau is unique compared to some insurance carriers due to its membership program. To qualify for insurance coverage from any state Farm Bureau program, including Texas, you must be a member of Farm Bureau.Â
For an annual fee (most states' FB fees are between $25 and $40 per year), your membership helps Farm Bureau advocate for farmers and landowners not just in Texas, but nationwide. Plus, you get the added bonus of eligibility for affordable insurance coverage, as well as discounts and perks. A few of the benefits that come along with a Farm Bureau membership are:
- Discounts on new Ford vehicles
- Hotel discounts
- Rental car savings
- Farm Bureau bank and mortgage access
- Identity theft protection
- Theme park discounts
Texas Farm Bureau insurance review: Summary
In summary, Texas Farm Bureau Insurance is a reliable and well-established insurer in the Texas market. Offering a variety of auto coverage options, excellent customer service, competitive pricing, and numerous discounts, Texas Farm Bureau Insurance effectively caters to the needs of its policyholders. Despite some concerns over claim resolution times and a required membership with Farm Bureau, the company stands as a favored choice among Texas residents.
Methodology — how The Zebra reviews insurance companies
The team of insurance experts at The Zebra considers the company's standing in five main categories to come up with an overall rating. These metrics are weighted according to importance and are detailed below:
- Price (20%): Using the base profile detailed below, we compared the company's average rate with the national average. If it surpassed this average, we gave a lower rating; if it fell below, we awarded a higher rating.
- Coverage (20%): The highest-scoring companies offer a variety of coverage options, including bundling options, roadside assistance, telematics, beyond-basic coverage levels, and a variety of other coverage types.
- Customer service (30%): We averaged ratings from JD Power, the NAIC complaint index to come up with a rating for the company's customer service. In instances when a company is not rated, we may use alternative rating agencies such as the Better Business Bureau and Trust Pilot.
- Financial strength (10%): We use AM Best to determine a company's financial standing. In some cases when a company is not rated by AM Best, we may use an alternative measure such as Demotech.
- The Zebra's Customer Satisfaction Survey (20%): The Zebra conducts an annual survey measuring customer satisfaction for many of the top insurance companies with the goal of ranking both the best auto insurance companies and best home insurance companies. Read more below.
For our auto insurance review, we analyzed more than 83 million insurance rates spanning every U.S. ZIP code using a sample user profile: a 30-year-old single male driver with a Honda Accord, good credit and full coverage at these levels:
- $50,000 per person/$100,000 per incident for bodily injury liability
- $50,000 per incident for property damage liability
- $500 deductibles for collision and comprehensive coverage
For our home insurance review, rates are based on a sample user profile: a 45-year-old married homeowner living in a 2,500-square-foot single-story home built in 2011 with these coverage levels:
- $200,000 for the dwelling
- $20,000 for other structures
- $100,000 for personal property
- $100,000 for personal liability
- $1,000 deductible
These sample premiums are dynamic and automatically refresh whenever the newest data is made available.
To generate pricing for particular rating factors, we adjusted this profile based on common pricing factors used by major car insurance companies. These factors include credit score, coverage level and others.
For The Zebra's Customer Satisfaction Survey, findings are based on an online quantitative survey of 4,134 current U.S. auto and home insurance customers, with Census-balanced sampling by age, gender and region. Categories with n=<20 responses are considered insufficient sample size and are not reported. This survey was developed by The Zebra and executed by independent research firm Maru/Blue in 2023.
Texas Farm Bureau insurance: Frequently asked questions
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.