Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager Chris Harrigan

UPDATED: Aug 9, 2021

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Key Takeaways

  • You can stack a farm vehicle discount with other car insurance discounts
  • Some of the best car insurance companies offer a farm vehicle discount
  • You can save at least 10% when you qualify for farm vehicle discounts

Do you have a farm? While many people worry about insuring their primary vehicle, but you have to insure your car and expensive farm equipment with the best car insurance companies. Unfortunately, whether you’re driving into town or harvesting in the fields, mechanical failure or an accident can cost you thousands or more.

With comprehensive coverage, you can protect your business and personal interests. With the right policy, you can combine your coverage to take care of everything in one premium without sacrificing essential coverage. In fact, many farmers could even save 10%.

Read through this guide to learn how to get a farm vehicle discount and how you can stack it with other car insurance discounts.

Before learning more about farm vehicle discount rates, enter your ZIP code in the free online quote tool to compare multiple companies in your local area and secure the best rates.

What car insurance companies have a farm vehicle discount?

Farm and ranch insurance companies have various types of insurance related to farm vehicles. While some top auto insurance companies don’t carry limited use of agricultural vehicle insurance, they have farm vehicle discounts. This could be partly because many mutual insurance companies started out serving farmers in their communities. Whatever the case, here’s a list of top car insurance companies that have farm vehicle discounts.

  • Allstate
  • State Farm
  • Farmers

Each company provides a different value for farm vehicle discounts, but the average farm vehicle discount is about 10%.

Some people often mistake Progressive farm truck insurance for farm insurance. However, Progressive has a commercial truck insurance program, which happens to cover farm trucks. If you have questions about your specific situation, insurance agents can help you find answers. They can compare insurance quotes from different companies and help you estimate how much you need in property damages and bodily injury. Saving a little bit on your premiums now could cost you if it means sacrificing farm vehicle insurance coverage you need.

How much is car insurance with a farm vehicle discount?

Let’s assume that farm vehicle discounts are 10% for most companies. What does car insurance look like when you add a farm vehicle discount?

Here’s an example of a farm vehicle discount and how it affects the average monthly rate of the best companies.

Average Monthly Car Insurance Rates w/ a Farm Vehicle Discount
CompaniesAverage Monthly Car Insurance RatesAverage Monthly Car Insurance Rates w/ Farm Vehicle Discount
State Farm$235$212
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The farm vehicle discount lowers your car insurance per month. Now imagine your monthly payments when you stack other auto insurance discounts. This doesn’t mean you should go out and buy a tractor just to get another discount. But if you already own and use a tractor, you could save money on your combined policies. 

You can save hundreds of dollars per year by stacking car insurance discounts. Shop around until you get the auto insurance rates you need.

Are commercial car and truck insurance companies better?

Car insurance companies with multiple insurance products are flexible and provide well-rounded insurance coverage. But, commercial vehicle insurance companies specialize in specific coverages, such as farm semi insurance.

Farm semi insurance costs are usually more expensive than all-purpose insurance companies, but commercial car and truck insurance is more comprehensive. Which is better for you? Generally speaking, buyers do best when getting insured with policies made for them. In other words, if you drive a 2020 Toyota, you could buy a policy meant to cover specialty parts and classic cars, but you probably wouldn’t get the greatest benefit out of it. You might even miss out on essential coverages for your Toyota.

If you run a farm, buying a commercial car policy may seem cheaper or something else. If it’s not written to cover the risks you actually face, you could be throwing your money away.

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How do you stack other car insurance discounts with a farm vehicle discount?

When you buy car insurance, different things may qualify you for car insurance discounts. For example, if you have a farm vehicle that you want to insure, some auto insurance companies will give you a deal.

For example, let’s say you want to insure your Chevrolet Silverado and a tractor. You’ll get all the available discounts from the auto insurance company based on factors that determine auto insurance. If you have a clean driving record, a new car, and safety features in your car, that could quickly add up. If you also have a second car or a homeowners policy with the same company, you would save even more on your collision coverage and comprehensive insurance. In addition, you’ll receive a discount because you bundled your farm vehicle into your insurance policy.

And if you have good credit, you can lower your rates even more. According to the Federal Trade Commission (FTC), people with good credit correlate to reasonable risks, which means cheaper car insurance rates. All this is also controlled by the type of coverage you choose. A liability only policy is cheaper than a comprehensive policy. 

Take it a step further and buy home insurance to save up to 12% on your overall insurance bill. Home insurance discounts stack onto car insurance discounts when you bundle, also.

Some home insurance discounts are state-specific. For instance, a deal in Kansas may not be available in Indiana. An insurance agent can narrow down your options to policies available in your state.

Should I bundle car and farm insurance?

It depends on your needs. Sometimes, it’s in the customer’s best interest to bundle both insurance products at the same company. It’s less complicated, but your insurance bill is more expensive.

Compare car and farm insurance rates to see if it’s cheaper to bundle or have various companies manage your insurance coverage.

Farm Vehicle Discount: What’s the bottom line?

Some car insurance companies provide over 10% on a farm vehicle discount, which can lower car insurance quotes.

Farm vehicle discounts may not be available everywhere. You’ll have to shop around for a company that provides farm vehicle discounts and insurance.

Now that you know more about farm vehicle discounts try using our free online quote tool below to compare multiple companies in your area to secure the best rates.

Frequently Asked Questions: Farm Vehicle Discount

Before we go, we’ll answer a couple of frequently asked questions. Then, read on to learn more.

#1 – Why do car insurance companies provide farm vehicle discounts?

Auto insurance companies may provide a farm vehicle discount to make their insurance products more versatile. In addition, some companies offer farm insurance altogether to ensure customers have everything they need.

#2 – What do you do after buying a farm vehicle and moving to a farm?

Getting insurance for your farm vehicle and farm is the next step. It doesn’t take long to buy insurance for farms and vehicles, so try to get insurance as soon as you can.