Is Missouri Farm Bureau Good for Auto Insurance?
Last Updated on May 18, 2022
Missouri Farm Bureau is consistently one of the top-rated auto insurance companies for drivers across Missouri.
Although Missouri Farm Bureau may be the right choice for some drivers, it’s not the right choice for others.
Today, we’re explaining whether or not Missouri Farm Bureau is a good insurance company for you, including the discounts, products, services, and more available through Missouri Farm Bureau.
About Missouri Farm Bureau
Missouri Farm Bureau is part of the network of Farm Bureau insurance companies located across the United States. Some states, including Missouri, have a dedicated Farm Bureau subsidiary for their state. Other states with Farm Bureau insurance options include Texas, North Carolina, Indiana, Georgia, and Virginia.
Originally founded to provide farmers with affordable car insurance, Missouri Farm Bureau has grown to insure all types of drivers across the state. Instead of only insuring farmers, Missouri Farm Bureau insures all Farm Bureau members across Missouri.
Missouri Farm Bureau is headquartered in Jefferson City, Missouri. The company was founded in 1915 as one of the first statewide insurance companies in Missouri.
Today, Missouri Farm Bureau operates 140 offices across the state. The company claims to have at least one agent in every county in Missouri.
To buy car insurance with Missouri Farm Bureau, you need to be a Farm Bureau member. Membership costs $30 per year. You receive discounts on certain items for being a member – like farm equipment, theme park tickets, and vacation packages.
Farm Bureau members also get the opportunity to participate in different committees, including the State Resolutions Committee and the State Young Farmer Committee, among others. Plus, Missouri Farm Bureau advocates for farmers across the state, promoting the interests of farmers while advocating a rural ray of life.
Let’s take a closer look at how Missouri Farm Bureau auto insurance works, including how Missouri Farm Bureau compares to other top insurers in the state.
How Does Missouri Farm Bureau Auto Insurance Work?
Missouri Farm Bureau offers six core types of auto insurance, including all car insurance legally required in the state of Missouri.
You can buy a basic minimum liability plan through Missouri Farm Bureau. Or, you can buy a full coverage car insurance policy, exceeding the state’s minimum insurance requirements.
Insurance coverage available with Missouri Farm Bureau includes:
Bodily Injury Liability Coverage: Legally required in Missouri and most other states, bodily injury liability coverage covers medical bills for any injuries you cause to other parties.
Property Damage Liability Coverage: Property damage liability coverage covers the cost of repairing other property you damage while driving, including any vehicles, fences, or other property damaged as a result of your actions. Like other states, Missouri requires drivers to carry property damage liability coverage.
Collision Coverage: Collision coverage is optional, but many drivers in Missouri carry collision coverage to cover the cost of repairing their own vehicle after a collision.
Comprehensive Coverage: Comprehensive coverage is also optional, but many Missouri drivers carry comprehensive coverage to cover vehicle vandalism, theft, and other damages that occur outside of an accident.
Medical Payments Coverage: Missouri Farm Bureau offers medical payments coverage, also known as MedPay. It covers some of your medical bills after an accident and works similar to health insurance.
Personal Injury Protection: Also known as PIP, personal injury protection coverage covers medical bills, lost wages, funeral costs, and other expenses after an accident.
Uninsured / Underinsured Motorist Coverage: Missouri Farm Bureau covers bodily injuries and property damage caused by drivers without insurance (uninsured motorists) or too little insurance (underinsured motorists). Approximately 1 in 7 drivers in Missouri do not have car insurance, so many drivers carry uninsured/underinsured motorist coverage.
What Makes Missouri Farm Bureau Auto Insurance Unique?
Drivers in Missouri have plenty of options when it comes to car insurance. Missouri Farm Bureau tends to offer competitive pricing with other insurance companies. However, many drivers appreciate Missouri Farm Bureau because of its unique features, products, and services, including:
Local Service & Agents: Missouri Farm Bureau has an agent in every county in Missouri. Wherever you’re based in the state, you will interact with Missouri Farm Bureau primarily through this agent. This agent handles claims, adjusts coverage, and manages your policy as needed.
New Vehicle Replacement Coverage: This optional policy add-on covers the cost of replacing a new vehicle if your vehicle is declared a total loss within the first few years of ownership.
Equipment Coverage: Missouri Farm Bureau covers equipment in your vehicle, including electronic equipment, disability equipment, and miscellaneous equipment, among other expenses. You need to inform Missouri Farm Bureau of this equipment, but it should be covered in a claim.
Reducing Deductible: For a small fee, you can reduce your deductible every year you go without an accident. That means if you do cause an accident, then you’ll pay a much lower deductible than normal.
Emergency Roadside Assistance: For a few extra dollars per year, Missouri Farm Bureau adds roadside assistance to your policy. Like other roadside assistance plans, you get coverage for fuel delivery, towing, lockouts, and other unexpected costs that could occur while driving.
Accidental Death Benefits: Missouri Farm Bureau is one of the few insurance companies in Missouri that offers accidental death benefits. This coverage is less common today, making Missouri Farm Bureau unique.
Overall, Missouri Farm Bureau offers several items that aren’t covered by other insurance companies – like coverage for disability income, third party equipment, and accidental death benefits.
However, Missouri Farm Bureau also lacks some of the amenities of other insurance companies. The company has no rideshare insurance for Uber or Lyft drivers, for example, nor does Missouri Farm Bureau have an app. However, most Missouri Farm Bureau policyholders pay insurance online easily – even without an app.
Missouri Farm Bureau Auto Insurance Discounts
Missouri Farm Bureau offers all of the discounts we expect to see with other insurance companies. Like any insurer, Missouri Farm Bureau judges risk based on your driving history, demographic data, and ZIP code. You can save hundreds per year by taking advantage of discounts like:
Multi-Vehicle Discounts: If you insure multiple vehicles with Missouri Farm Bureau, then you could receive a discount on all vehicle insurance policies by bundling them with Missouri Farm Bureau.
Multi-Policy Discounts: Missouri Farm Bureau sells multiple insurance products, including auto, home, and farm insurance. If you bundle multiple policies together, you can save money on all insurance.
Good Student Discount: If you maintain an average of B+ or better as a full-time college or high school student, then you could qualify for Missouri Farm Bureau’s good student discount.
Accident-free Discount: Like all insurance companies, Missouri Farm Bureau offers accident-free discounts to drivers who have a proven history of save driving over the last 3 to 7 years.
Occupation Discounts: Missouri Farm Bureau offers discounted rates to police officers, county agents, conservation officers, and retired Farm Bureau employees, among other professional groups.
Travel Discounts: You must be a Farm Bureau member to buy Missouri Farm Bureau car insurance. As a Farm Bureau member, you get discount rates on travel, entertainment, new vehicle purchases, farm equipment, office supplies, and more.
Missouri Farm Bureau Reviews & Ratings: What Do Customers Have to Say?
Missouri Farm Bureau, like other Farm Bureau insurance companies, is well-rated by policyholders.
Many policyholders appreciate the personal touch of Missouri Farm Bureau, with insurance agents living and working in their communities. Instead of dealing with a faceless nationwide insurance corporation, drivers get the satisfaction of working with someone they know. You use your Missouri Farm Bureau insurance agent for claims, managing your policy, and other dealings with the company.
Missouri Farm Bureau has an A+ rating with the Better Business Bureau (BBB) with a total of 9 complaints in the last 3 years, including 3 complaints in the last 12 months. That’s a strong rating, and many of Missouri Farm Bureau’s larger competitors in Missouri have poorer ratings.
Missouri Farm Bureau also seems to have a strong financial position. A.M. Best, which assesses the financial strength of companies across the United States, has awarded the company a financial strength rating (FSR) of A- (Excellent). That’s a good rating, although many of Missouri Farm Bureau’s larger competitors have a rating of A, A+, or better. Because Missouri Farm Bureau’s business is concentrated in a single geographic area, the company may be at a higher risk of say, natural disasters than an insurer with a more diverse portfolio of liabilities.
Because Missouri Farm Bureau is not one of the largest insurers in the United States, it does not typically appear on J.D. Power rankings at a national or regional level. J.D. Power talks to policyholders who have recently made a claim to determine their satisfaction with the claims process, customer service, and pricing of Missouri Farm Bureau.
Although Missouri Farm Bureau doesn’t appear on nationwide rankings, the company is well-rated at a state level. Most policyholders in Missouri have good things to say about Missouri Farm Bureau, and the company has top ratings on local review websites, Yelp, and Google Maps, among others. The company also has strong ratings on Glassdoor (4.1 stars out of 5), indicating employees enjoy working for the company.
Final Word on Missouri Farm Bureau
Missouri Farm Bureau is a popular car insurance company in the state of Missouri. The company is well-rated by policyholders across the state for its customer service, competitive pricing, and claims satisfaction.
To learn more about Missouri Farm Bureau, contact a Missouri Farm Bureau agent near you today. Or, visit the company online at MOFB.org.
| Missouri Farm Bureau | |
|---|---|
| Company Address | 701 S. Country Club Drive P.O. Box 658 Jefferson City, Missouri 65102 |
| Phone Number | 1-800-922-4632 |
| Website URL | https://www.mofbinsurance.com/ |
