Southern Farm Bureau Auto Insurance coverage Evaluation 2022


Professionals’ Rationalization

  • Deductible Rewards Program: The DriveDown program lets clients save on deductibles as a reward for driving safely.
  • Aggressive Costs: In comparison with its rivals, Southern Farm Bureau provides a few of the lowest charges.
  • Textual content messaging replace for claims: Southern Farm Bureau’s system will present replace messages in the course of the claims course of.


cons defined

  • Accessible solely in six states: Southern Farm Bureau operates solely in Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina.
  • Can’t apply on-line: There is no such thing as a possibility to use for protection on-line. patrons should buy over the cellphone or in individual with a neighborhood agent.
  • Some Buyer Critiques: Southern Farm Bureau shouldn’t be ranked by business skilled J.D. Energy.


introduction

The Southern Farm Bureau is headquartered in Ridgeland, Mississippi, with six state places of work within the Southeast. It provides a number of several types of auto insurance coverage protection, together with fundamentals like collision and complete, in addition to others like vintage/basic automobile protection.

Southern Farms’ service has a lot of fascinating options, resembling a cell app referred to as MobileAgent with 24/7 entry to account data. There’s additionally NOTIFYME, an internet textual content messaging service that may ship updates in the course of the declare course of. With 12 reductions together with DriveDown, clients have tons of alternatives to avoid wasting on their auto insurance coverage payments.



Firm Overview

Southern Farm Bureau Insurance coverage Firm was shaped in 1947. Though it’s headquartered in Ridgeland, Mississippi, it provides insurance coverage in six states. Southern Farms Bureau provides free no-risk quotations for automobile, bike, RV, and ATV insurance coverage.

Lined autos embody private passenger automobiles, pickup vans, farm autos, mild industrial autos, motorhome and camper trailers, utility trailers, bikes, leisure autos (ATVs, four-wheelers, golf carts, and so on.), and pickups and campers . Shells


Protection Kind

Word that some protection varieties and ranges could differ by state.

collision protection

Any such protection will present cash in case your automobile is broken in a collision.

complete protection

In case your automobile is broken in a non-collision accident, collision protection won’t begin. As a substitute, complete protection helps pay for the automobile’s restore or substitute from these forms of injury, which embody fireplace, theft, and vandalism. This contains pure disasters resembling thunderstorms, tornadoes, hailstorms and even animal collisions.

legal responsibility protection

Any such protection pays for the price of damage or injury prompted to a different get together in the course of the accident. Automobile repairs, medical bills and property injury are lined.

Fare and Journey Expense Reimbursement Protection

When you get into an accident and can’t drive your automobile due to a lined loss, you’ll have to pay for a substitute automobile, journey, lodging or meals. That is the protection you would want to get reimbursed in that case.

private damage safety

When you, your loved ones, or your passengers are injured or killed because of an accident, this sort of protection pays for medical and funeral prices. This protection can even present incapacity earnings to surviving beneficiaries.

uninsured motorist bodily damage protection

This protection pays in case you are injured in an accident with somebody who would not have insurance coverage, or in case you are injured by a hit-and-run.

Uninsured Motorist Property Harm Protection

This protection pays in case your automobile is broken in an accident with somebody who would not have insurance coverage, or by hit-and-run.

Underinsured Motorist Protection

Much like uninsured protection, this plan helps pay in case you are in an accident with somebody who would not have sufficient insurance coverage to cowl your prices.

Vintage/Basic Automobile Protection

Any such protection can cowl older autos with a particular worth consideration. Vintage/Basic Automobile Protection permits clients to customise their complete or collision protection to go well with their wants.

roadside help protection

This protection offers towing and different emergency roadside help companies for personal passenger autos, motorhomes and farm vans which have collision protection. The non-public passenger auto restrict is $75 and the motorhome and farm truck restrict is $500.


Low cost

Southern Farm Bureau has a number of auto insurance coverage reductions, together with:

Cost and loyalty reductions

  • Companion Coverage Reductions: Provides credit score to clients in the event that they insure their non-public passenger autos and houses with Southern Farms Bureau.
  • Buyer Loyalty Low cost: Applies when a buyer has been insured with Southern Farms Bureau for greater than two years.
  • Monetary Duty Waiver: Accessible if a buyer has not paid the cash within the final three years.
  • Persevering with protection low cost: For patrons who haven’t defaulted in protection within the final three years.

Driving Habits and Historical past Exemptions

  • Driver Coaching Low cost: Eligible drivers under the age of twenty-two years can get a reduction on the premium.
  • Defensive Driving Low cost: Accessible with completion of a Defensive Driving Course licensed by the client’s State Division of Motor Autos.
  • Declare Expertise Low cost: If there isn’t any chargeable accident with the motive force then the premium might be much less.
  • Insurance coverage Rating Low cost: This low cost will be earned by creating a good insurance coverage rating.

different reductions

  • Good Pupil Low cost: Full-time college students 16 years of age or older could qualify for a premium deduction.
  • Postgraduate Exemption: Accessible to four-year faculty or college graduates. Candidates have to be beneath 25 years of age and have a cumulative grade of “B” or higher.
  • Agricultural Exemption: It’s possible you’ll qualify for this exemption when you use a non-public passenger automobile for agricultural work.
  • go sluggish: Secure drivers can save much more cash on deductibles by signing up for DriveDown via Southern Farm Bureau’s MobileAgent app. As soon as registered it should immediate you to obtain the Routely app, which is able to file the journeys in your automobile. Clients can earn 5% after their first go to.

cost choices

Southern Farm Bureau has a number of alternative ways to pay the invoice.

mode of cost description
on-line MasterCard, Visa, Uncover, ATM Debit Playing cards and digital checks are accepted.
cellphone Arkansas: 1-800-529-2304 Colorado: 1-800-315-5998 Louisiana: 1-800-231-2021 Florida: Log in to Discover Contact Info Mississippi: Log in to Discover Contact Info South Carolina: Log in to search out Contact Info
Self Depart the cost on the native Farm Bureau workplace.
Match If accepted, the addresses for mail-in funds will be considered on every department’s web site.


loss ratio

Southern Farm Bureau has a deficit ratio of 70.32 %., An insurance coverage firm’s loss ratio compares the corporate’s losses to the premiums earned; This share can point out whether or not an organization is in monetary bother. An insurance coverage firm in a monetary disaster could also be much less more likely to pay claims. Southern Farm Bureau’s loss ratio is about commonplace for the business, indicating that the corporate is performing nicely.


different options

Southern Farm Bureau provides a number of different options value mentioning, together with:

  • Cell Agent App: On-the-go 24/7 entry to account data. Options embody reviewing insurance policies, submitting a declare, contacting a neighborhood agent, and requesting emergency roadside help.
  • On-line Quote: Submit some private data to get a free on-line insurance coverage quote.
  • notify me: Southern Farm Bureau’s textual content messaging system repeatedly updates clients in the course of the claims course of.


customer support

The Southern Farm Bureau has a hotline accessible to file a declare or request roadside help: 1-866-275-7322. It additionally has a “Contact Us” kind to ask questions, remark or obtain details about merchandise.

Every department additionally has its personal contact data.

If in case you have any questions relating to membership, insurance policies, billing, or claims or acquiring an insurance coverage quote, contact an agent.


buyer satisfaction

Southern Farm Bureau has robust monetary rankings together with constructive buyer evaluations, leading to shopper confidence and satisfaction with the corporate.

satisfaction ranking

Southern Farm Bureau shouldn’t be ranked by J.D. Energy, however has an AM Finest ranking of A+ (Superior). AM Finest provides letter grade rankings to insurance coverage firms primarily based on how financially sound they’re, which helps guarantee clients that their claims might be met. The A+ ranking is just one step under the best rating of A++.

grievance index

Buyer complaints about insurers are collected by the Nationwide Affiliation of Insurance coverage Commissioners (NAIC). This units the business common at 1.0; The Southern Farm Bureau’s grievance index is 0.311. Which means that Southern Farm Bureau has far fewer complaints than the typical insurance coverage firm of its measurement.


account administration

Southern Farm Bureau provides the MobileAgent app, which permits clients to entry their account data 24/7. Options of the app embody reviewing insurance policies, making a declare, contacting a neighborhood agent, and requesting roadside help. Account administration can be completed by contacting the corporate through cellphone or e-mail, or by logging into your account on-line.

If in case you have made a declare with Southern Farm Bureau, you’ll be able to select to obtain textual content messaging updates via its NOTIFYME program.


How Southern Farm Bureau Compares to Different Auto Insurance coverage Firms

Southern Farm Bureau has enticing costs in comparison with its competitors. In comparison with 10 different firms that additionally provide protection in six states, Southern Farm Bureau had the fourth lowest charges for South Carolina and Mississippi, the second lowest for Arizona, and the bottom charges for Louisiana.

Southern Farm Bureau has a median annual premium of $1,640, the fourth most cost-effective out of 25 firms. Nevertheless, because it solely operates in a number of states, most individuals will not be capable of reap the benefits of these decrease charges.

remaining name

When you stay in one of many six states serviced by the Southern Farm Bureau, there’s a lot you are able to do for auto insurance coverage. It has a few of the lowest charges (although not the bottom) with wonderful shopper satisfaction rankings throughout the board.

The principle draw back of working with this firm is that you just can not apply for protection on-line. You will want to go to the issue with an agent in individual or by cellphone. But when Southern Farm Bureau provides insurance coverage in your space, it deserves a spot in your shortlist.


methodology

Investopedia is dedicated to offering readers with unbiased, complete evaluations of auto insurance coverage firms. All of our evaluations are primarily based on intensive analysis and evaluation of every firm’s protection, customer support, pricing, years in enterprise, accreditation, and extra. To fee suppliers, we developed an auto insurance coverage evaluate methodology that compares auto insurance coverage protection varieties, extra options, reductions, account administration and different options.

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