Farm Bureau Insurance Texas Reviews: Pros, Cons and Cost

Farm Bureau Insurance is a popular auto and home insurance provider in Texas. But how do real customers rate their experiences with Texas Farm Bureau insurance? In this comprehensive review, we’ll analyze third-party ratings and customer reviews to provide an in-depth look at Farm Bureau Insurance Texas.

Overview of Farm Bureau Insurance

• Farm Bureau Insurance is only available in Texas. It’s not part of a national company.

• It offers auto, homeowners, life, rental, and commercial insurance.

• Customers must pay an annual membership fee to buy insurance policies.

• Farm Bureau Insurance has strong financial strength ratings.

• Customer satisfaction scores are excellent in Texas.

Farm Bureau Car Insurance Reviews

Pros

• Low rates: Farm Bureau offers some of the cheapest car insurance rates in Texas, on average.

• Good customer service: They rank high in regional customer satisfaction surveys.

• Range of discounts: Multi-policy, multi-car, safe driver, and more.

Cons

• Membership fees: Must pay $25-$50 per year for access to insurance.

• Limited availability: Only serves customers in Texas.

• No gap or accident forgiveness: Unlike some competitors.

Cost

Farm Bureau Insurance offers affordable premiums compared to Texas averages:

• Texas state minimum coverage: $622 per year (vs $936 state average)

• Full coverage: $2,014 per year (vs $2,694 state average)

Exact rates depend on your driving record, location, age, credit, and other factors.

What customers say

“I’ve had Texas Farm Bureau for over 5 years and they have the best rates and agents in my area. Claims are always handled quickly.”

“Super cheap car insurance but customer service is just okay. Hard to get someone on the phone.”

“Love the low cost and bundling discounts. Highly recommend for Texas drivers.”

Farm Bureau Home Insurance Reviews

Pros

• Low premiums: FB rates average 49% cheaper than Texas competitors.

• Highly rated: Great marks for customer satisfaction with claims.

• Bundling discount available: Cut costs further by combining with auto policy.

Cons

• Website lacks info: Must contact agent directly for quote and details.

• Average discounts: Safety features discount offered but few others listed.

• No mobile app: For claims reporting or account management.

Cost

Farm Bureau home insurance rates run far below Texas averages:

Discounts may be available for bundling, safety features, and more. Get a quote for exact pricing.

What customers say

“I’ve had the same Farm Bureau agent for 15 years. He takes good care of me and helped me get a great rate.”

“Easy to make a claim when my roof was damaged in a storm. I was paid promptly.”

“Wish you could get a home quote online instead of having to call an agent.”

Farm Bureau Life Insurance Reviews

Pros

• Multiple policy types: Term, whole, and universal life options available.

• Child policies available: Can cover kids 15 and under.

• Online bill pay: Pay premiums conveniently on the website.

Cons

• Limited detail online: Website doesn’t list policy details or riders.

• No online quotes: Need to contact an agent directly for pricing.

• No mobile app: For managing your policy.

Products offered

Texas Farm Bureau offers an array of life insurance policy types including:

• Term life: 10, 20 or 30-year coverage terms

• Whole life: Lifelong permanent coverage

• Universal life: Flexible permanent coverage

• Juvenile life: Policies for children under 15

Accidental death, disability, and living benefits riders may also be available.

What customers say

“Happy I was able to bundle my home and life insurance. Saved me a lot of money.”

“Recommend getting a quote if you want face-to-face service from a local agent.”

“Wasn’t able to get an instant life insurance quote online – having to call an agent was inconvenient.”

Pros and Cons of Farm Bureau Insurance

Pros

• Low rates and discounts available
• Top marks for customer satisfaction
• Range of insurance products offered
• Agents provide personalized service

Cons

• Must pay annual membership fees
• Details and quotes only through agent
• Mobile app needs improvement
• Only serves Texas residents

Cost of Farm Bureau Insurance in Texas

Farm Bureau Insurance offers some of the lowest rates in Texas for auto, homeowners, and life insurance coverage. Here are the average Farm Bureau Insurance costs based on NerdWallet and Bankrate data:

• Auto insurance
  • Minimum coverage: $622 per year
  • Full coverage: $2,014 per year
• Home insurance
  • $250,000 home: $730 per year
• Life insurance
  • $250,000 term policy: $160 per month

Actual Farm Bureau Insurance premiums depend on your personal factors like age, driving history, and policy limits. Bundling multiple policies can also unlock savings. Get a free quote to see your customized pricing.

Farm Bureau Insurance Financial Strength

As a policyholder, you want to know your insurer will be able to pay out claims. Farm Bureau Insurance in Texas has strong financial ratings:

• A- rating from AM Best: Indicates excellent ability to pay claims.
• Complaint index of 0.19: Far fewer complaints than average for its size.

High marks from rating agencies mean Farm Bureau Insurance is financially stable. However, AM Best recently put the company under review, so keep an eye on any changes.

Is Farm Bureau Insurance Right for You?

Farm Bureau Insurance is a good choice for Texas residents wanting quality coverage at low rates. Benefits include:

• Affordable premiums for auto, home, and life
• Access to local agents for personalized service
• High customer satisfaction scores
• Farm Bureau membership with additional perks

Downsides are the required membership fees and lack of online quotes or policy management.

For an inexpensive insurer that provides face-to-face service through local agents, Farm Bureau Insurance Texas delivers excellent value.

Top User Tips for Farm Bureau Insurance

Current and past customers of Farm Bureau Insurance in Texas give these tips for getting the best rates and service:

• “Bundle policies to save the most.” Taking multiple insurance policies with Farm Bureau can unlock bundling discounts.

• “Compare quotes annually at renewal.” Shop around to ensure you still have the best rates. Loyalty doesn’t always pay off.

• “Get everything in writing.” Have your agent provide a detailed outline of your coverage, limits, exclusions, discounts, fees, and more.

• “Take advantage of membership perks.” Your annual dues provide access to special offers on services and products.

• “File claims quickly and be detailed.” Notify Farm Bureau right away after an accident or loss. Provide as many details upfront to smooth the process.

The Bottom Line: Is Farm Bureau Insurance Worth It?

For Texas residents looking for quality insurance plus strong local service, Farm Bureau is a solid choice. Discount rates and helpful agents make up for the annoyance of required membership fees.

Just make sure to compare Farm Bureau quotes against other top Texas insurers like State Farm and Allstate to confirm it offers the best value for your needs. But overall, reviews indicate most Farm Bureau Insurance customers are very satisfied with the cost and service provided.