Allstate vs. Kentucky Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Allstate offers slightly cheaper premiums than Kentucky Farm Bureau
• Allstate tends to be a much more affordable option for policyholders who live in urban areas
• Kentucky Farm Bureau offers less expensive average prices for policyholders whose driving record contains an at-fault collision

Allstate or Kentucky Farm Bureau: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Allstate or Kentucky Farm Bureau as your top options, but between the two, which one will offer you more affordable rates?

As you can see, Kentucky Farm Bureau is around $2 more a month than Allstate when looking at the national average rates for car insurance.

However, that doesn't necessarily mean Allstate will be the cheaper option for every single driver. Insurance carriers use a ton of complex algorithms to determine prices, so depending on how good your credit score is or where you live (among a bunch of other factors), you could see wildly different premiums from the ones above.

So, if you want to find out which of Allstate or Kentucky Farm Bureau is really the best for you, keep reading to see average prices for each carrier broken down by a bunch of different rate factors.

Allstate vs. Kentucky Farm Bureau: Average Car Insurance Rates by State

Allstate and Kentucky Farm Bureau only compete against each other in Kentucky, where Kentucky Farm Bureau offers the cheaper average premiums. Kentucky Farm Bureau drivers tend to pay about $68 per month less on average compared to drivers who use Allstate for their auto insurance.

That being said, there are plenty of other factors that go into your insurance cost than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for auto insurance than any other group of drivers. That's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Allstate for their car insurance pay 1% less than those who use Kentucky Farm Bureau. It's worth noting that Allstate offers insurance in 47 different states compared to Kentucky Farm Bureau's one, which can skew the average prices a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower premiums by the time you turn 25. Kentucky Farm Bureau offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Allstate still has the most affordable rates at $167 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

But who has the best rates for retired drivers between Allstate and Kentucky Farm Bureau? Kentucky Farm Bureau gets the slight edge here, with average prices coming in at about $138 a month compared to Allstate's $152.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly less expensive auto insurance premiums than single drivers. This usually boils down to married couples having more than one vehicle on their policy -- something lots of insurance carriers will reward with discounts.

When it comes to relationship status, Allstate is the winner for those who are single, with rates around 3% a month more affordable than Kentucky Farm Bureau, on average.

Allstate or Kentucky Farm Bureau: Average Rates by Gender

Because women are less likely to get into collisions and get speeding tickets, they have a lower chance of filing a claim with insurance. So, women tend to get cheaper rates than men.

Men usually pay about 4% more per month than women with Allstate, and around 7% more with Kentucky Farm Bureau.

When it comes to the most affordable prices for each gender, Kentucky Farm Bureau is the lowest company for women. Rates with Kentucky Farm Bureau are $1 cheaper for women, while with Allstate, men can save about $1.

Allstate vs. Kentucky Farm Bureau: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, car insurance can be pretty complicated. There are so many different terms and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages alongside liability coverage).

When it comes to state minimum limits for liability insurance, Allstate has the edge, while Kentucky Farm Bureau offers the cheapest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with Allstate, while full coverage comes out to be around $7 cheaper with Kentucky Farm Bureau.

Is Allstate or Kentucky Farm Bureau Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and at-fault collisions lead to higher premiums, but which carrier -- Allstate or Kentucky Farm Bureau -- has the most affordable rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Kentucky Farm Bureau auto insurance policies don't report seeing their premiums increase after getting a ticket, but Allstate policyholders can expect to see their monthly bill increase by about 15%.

But Kentucky Farm Bureau tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save around 7% a month with Kentucky Farm Bureau, and the same can be said for those with a ticket, too.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Allstate can expect to see about an $73 -- or around 32% -- rise in their insurance prices. Drivers who use Kentucky Farm Bureau for their car insurance will see a monthly bill about $9 (or 6%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, Kentucky Farm Bureau offers the cheapest premiums for drivers with an at-fault accident on their records, with average rates coming in at $154 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. For example, Kentucky Farm Bureau increases average prices by more than $200 per month -- that's nearly a 60% increase.

Allstate has the overall lowest premiums for drivers with a DUI on their records at $227 per month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Kentucky Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Kentucky Farm Bureau Rates?

You may not have known, but your credit score can be used as one of the variables to calculate your monthly auto insurance rates. This isn't true for everyone (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it will come into play for several policyholders.

The reasoning insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with less expensive prices.

Looking specifically at Allstate and Kentucky Farm Bureau, which company has the cheapest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Kentucky Farm Bureau will generally reward you the most. For drivers with "excellent" credit scores, Kentucky Farm Bureau comes in more than 31.72 cheaper. Drivers with "good" credit scores normally save around 26% with Kentucky Farm Bureau compared to average premiums from Allstate.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about 9% less with Kentucky Farm Bureau than Allstate, but those whose credit is considered "poor" have it flipped -- saving around 30% a month with Allstate.

Is Allstate or Kentucky Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly rates. That's because the more milage you put on your car each year, the more likely you are to be in a collision and file an insurance claim.

Looking specifically at Kentucky Farm Bureau and Allstate, Allstate is the more affordable option for people with short commutes, while Allstate has better prices for those who work from home. Allstate's average premiums for drivers with 6,000 annual miles come in $1 more expensive than Kentucky Farm Bureau. Those who drive 12,000 miles annually can expect to pay $5 more with Kentucky Farm Bureau over Allstate.

Allstate or Kentucky Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a sizable role in how much you pay for auto insurance. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because of the small number of cars that are on the roads where they live.

Allstate boasts the lowest average prices in rural and urban areas, while Kentucky Farm Bureau wins in suburban areas.

Those in rural areas can expect to save about 14% with Allstate compared to Kentucky Farm Bureau. People who live in suburban areas pay around 16% less with Kentucky Farm Bureau compared to Allstate. For policyholders in urban ZIP codes, Allstate's average premiums are about 3% less than Kentucky Farm Bureau.

Allstate vs. Kentucky Farm Bureau Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you can take advantage of or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and looked at all of the different discounts Allstate and Kentucky Farm Bureau offer their customers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

Allstate blows Kentucky Farm Bureau away when it comes to the sheer amount of discounts available, offering 29 more discounts than Kentucky Farm Bureau.

A couple of those are overlapping for things like ABS discounts, discounts for being a defensive driver, discounts for being a good driver, and multi-policy discounts. Allstate also offers discounts for advance quote, agency transfer, alert driving, and more.

On the other hand, Kentucky Farm Bureau has a few proprietary discounts of their own like school bus driver discounts and umbrella policy discounts.

Final Thoughts: Is Allstate or Kentucky Farm Bureau Best for You?

So, you've seen how different factors can affect your auto insurance rates. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, which carrier is the best company for you and your specific driver profile?

Kentucky Farm Bureau might be best for you if....

• You have a clean driving record, free of accidents, tickets, or DUIs.
• You live in an suburban area.
• You're of retirement age and want to take advantage of lower prices.

Allstate might be best for you if...

• You will be the only person on the car insurance policy.
• Your home is in a busy urban area.
• Your neighborhood is in a rural area.

Hopefully, this guide has ben a valuable resource as you compare Allstate and Kentucky Farm Bureau and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several carriers, not just Allstate and Kentucky Farm Bureau. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Allstate vs. Kentucky Farm Bureau FAQs

Is Allstate or Kentucky Farm Bureau cheaper?

Allstate is the less expensive of the two carriers when looking at national average premiums, with policies averaging $199 per month with Allstate and $201 for Kentucky Farm Bureau. Even so, that doesn't mean Allstate will be the most affordable company for every policyholder, since there are a range of different variables that come into play when it comes to your insurance payment.

Who is better, Allstate or Kentucky Farm Bureau?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Kentucky Farm Bureau is cheaper for drivers who have already retired, while Allstate offers less expensive rates for single drivers.

Why do Allstate and Kentucky Farm Bureau offer me different rates?

Insurance companies use quite a few different factors when determining the premiums they charge. Things like where you live, where your home is, gender, age, and sometimes even things like your credit score can all be used. Both Allstate and Kentucky Farm Bureau calculate prices using different variables, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Allstate or Kentucky Farm Bureau is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best company for you isn't Allstate or Kentucky Farm Bureau at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.