Compared to other car insurance providers, Oklahoma Farm Bureau Insurance offers relatively basic coverage. But if that’s what you’re looking for, then the company could be a perfect fit for you.
In this article, we’ll take a closer look at Oklahoma Farm Bureau auto insurance, including the coverage you get, average costs, and the company’s customer feedback. As always, we recommend comparing quotes from a few of the best auto insurance providers before settling on a policy to make sure you’re getting the best deal.
Oklahoma Farm Bureau Insurance Rating
Our team rates Oklahoma Farm Bureau 3.7 out of 5.0. It’s a good option if you want to work with a local agent and don’t need extras like usage-based insurance or apps. Below, you can see our ratings in different categories.
Oklahoma Farm Bureau Insurance Overview
The Oklahoma Farm Bureau (OKFB) was formed in 1942. A few years later, local members recognized the need to provide car insurance, and in 1949, the Oklahoma Farm Bureau Mutual Insurance Company was founded. Today, that company provides insurance plans to Farm Bureau members.
Oklahoma Farm Bureau Insurance is part of the American Farm Bureau Federation and is based in Oklahoma City. Each state has a Farm Bureau that provides services to rural residents. Insurance options and the companies that provide them can vary by state.
Pros And Cons
Below are a few pros and cons of Oklahoma Farm Bureau Insurance:
Oklahoma Farm Bureau Membership
While you have to be a member of the Oklahoma Farm Bureau to take advantage of its auto insurance, you don’t have to be a farmer. Membership is open to anybody, and yearly dues range between $25 and $50, depending on your county. If you make more than half of your income from agriculture production, you can be a voting member and help enact the organization’s grassroots policies each year.
In addition to Oklahoma Farm Bureau auto insurance, you can get life, home, farm and ranch, and commercial insurance. We mentioned earlier that the company has a “Good” financial strength rating by AM Best. On this rating scale, there are two higher distinctions, “Excellent” and “Superior.” This isn’t anything to be concerned about–it just says that the company’s financial standing could be better.
Oklahoma Farm Bureau Auto Insurance Coverage
You can get all standard types of car insurance from the Oklahoma Farm Bureau:
- Liability: Covers medical bills and vehicle repairs for other people after an accident you cause.
- Personal injury protection (PIP): Covers your medical bills, lost wages, and death benefits, no matter who caused an accident.
- Medical payments (MedPay): Covers your medical bills after an accident.
- Collision: Covers repairs to your car no matter who caused an accident.
- Comprehensive: Covers damage to your car after environmental damage, theft, or vandalism.
- Uninsured/underinsured motorist (UM/UIM): Covers your medical bills and repairs when you’re in an accident with a driver who does not have enough insurance.
Add-on vehicle coverage options from Oklahoma Farm Bureau Insurance include roadside assistance and travel expense coverage. Roadside assistance covers towing, fuel deliveries, jump-start services, and spare tire installations. Travel expense coverage pays toward a rental car after a covered loss. It can also pay toward lodging and meal expenses if you get into an accident more than 50 miles from your home.
Compared to other insurance companies, Oklahoma Farm Bureau doesn’t offer as many add-ons. You won’t find options like accident forgiveness, new car replacement, or GAP insurance from the company. Oklahoma Farm Bureau also doesn’t have a usage-based program that gives discounts based on your driving habits. Most state farm bureaus don’t, but the Southern Farm Bureau does offer a program called DriveDown in six states.
Oklahoma Farm Bureau Auto Insurance Cost And Discounts
Our rate data shows Oklahoma Farm Bureau Insurance costs about $2,630 per year or $219 per month for full coverage. Minimum-coverage insurance rates are about $894 per year or $75 per month. These rates are a bit higher than the state averages of $2,061 for full coverage and $682 for minimum coverage per year.
Rate data in this section applies to a single 30-year-old male driver with good credit and a good driving record. Below, you can see how Oklahoma Farm Bureau Insurance compares to the state average for different scenarios.
Oklahoma Farm Bureau Insurance Cost By Age
Your age is a big factor in what you pay for car insurance. On average, young drivers with less experience pay the most for coverage while middle-aged drivers pay the least. Below, you can see how rates from Oklahoma Farm Bureau vary by driver age.
Factors That Affect Insurance Cost
Maybe you’ve compared car insurance prices with a friend and were surprised to find that they were so different. Even if you both insure your vehicles with the same company, it is rare to have the same insurance cost as another driver. That’s because car insurance costs are personalized according to your driving history and your situation. Here are a few things that can influence your Oklahoma Farm Bureau Insurance costs:
- The population density of your area
- Typical claims in your area
- The type of car you drive
- Your credit score
- Your driving record
- Your age and marital status
Oklahoma Farm Bureau Discounts
With Oklahoma Farm Bureau auto insurance, you have access to a number of discounts that can bring down your premium. Here are a few examples:
- Good student discount
- Customer loyalty discount
- Defensive driving discount
- Multi-vehicle discount
- Multi-policy discount
As a member of the Oklahoma Farm Bureau, you can also get a number of additional discounts on other products and services. These include discounts on:
- Vacation rentals
- Lodging
- Outdoor equipment
- Office products
- New cars from participating brands
- Tickets to theme parks and family attractions
To see what an Oklahoma Farm Bureau Insurance policy would cost for you, you can get a quote online right from the insurer’s website. You simply have to enter information like your driving history, vehicle information, and personal information such as your age and whether you rent or own your home. Insurance quotes are usually good for 30 days, but you can always buy your policy right away to receive coverage immediately.
Oklahoma Farm Bureau Insurance Reviews
The Oklahoma Farm Bureau Mutual Insurance Company has an A+ rating with accreditation on the BBB. Unfortunately, it has no customer reviews and only two complaints on the platform. The Oklahoma Farm Bureau Insurance Corporate Office in Oklahoma City has about 30 reviews on Google and an overall 3.9-star rating.
Positive Oklahoma Farm Bureau Insurance Reviews
Looking at positive reviews on Google, customers mention helpful and friendly staff and affordable rates. One reviewer also said claims are handled efficiently.
Negative Oklahoma Farm Bureau Insurance Reviews
On the other hand, some reviewers said the rates they found from Oklahoma Farm Bureau were higher than rates from competitors. People also mentioned rates increasing over time as an issue. Some customers experienced poor communication from agents, as well.
Oklahoma Farm Bureau Insurance Reviews: Our Take
Oklahoma Farm Bureau Insurance’s auto coverage is an average option. Overall, we give the insurer a rating of 3.7 out of 5.0 stars. The coverage hits all the bare necessities, but it doesn’t offer a whole lot more. It can work well if you’re involved in agriculture, but you’ll still want to check out all the companies that are available to you and compare a few quotes from top providers.
Our Recommendations For Best Car Insurance Providers
The only way to know if you’re making the best choice for auto insurance is to get multiple quotes. We recommend contacting at least three providers each time you update your policy, even if you don’t plan on switching companies.
State Farm: Best Overall Provider
We took a deep dive into State Farm auto insurance and found that it’s a great option for young drivers and students. The largest auto insurer in the nation also offers the largest student discount, giving up to 25 percent off for having good grades. You can also take advantage of State Farm’s numerous apps that either give out more discounts or help you manage your policy. State Farm offers farm and ranch insurance that can cover things like machinery and tools, too.
Read more in our full State Farm auto insurance review.
Progressive: Best For Usage-Based Insurance
In our Progressive auto insurance review, we found that the company has a wide range of coverage options to fit many drivers’ situations. Progressive has a “Superior” financial strength rating from AM Best and has been in business since 1937. If you’re searching for car insurance in Oklahoma, we recommend getting a quote from Progressive.
Oklahoma Farm Bureau Insurance Reviews: FAQ
Below are a few frequently asked questions about Oklahoma Farm Bureau Insurance.
How We Rate Oklahoma Farm Bureau Insurance
Our review team extensively researches auto insurance providers to deliver informed and unbiased assessments of leading companies. We evaluate several key rating factors that are important to consumers to determine which providers are the best in the industry:
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Availability: Insurance companies that offer wider availability to consumers in terms of state availability and few eligibility requirements are more likely to meet consumer needs.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Pricing: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer a smooth experience.
- Technology: Providers with an online quote tool, easy-to-use claims app and a usage-based insurance app score best in this category.
*Data accurate at time of publication.
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March 24, 2024 at 01:00AM
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