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

Quick Facts

• Looking at the national averages for insurance, American Select offers more affordable prices than Kentucky Farm Bureau
• American Select offers more affordable premiums for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Kentucky Farm Bureau tends to be a much cheaper option for policyholders whose driving record contains an at-fault collision

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

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering sizable savings. But exactly how much can you save by switching?

You might be considering American Select or Kentucky Farm Bureau for your next policy, but between the two, which carrier has less expensive rates for auto insurance?

As you can see, Kentucky Farm Bureau has average rates that are around 15% a month more expensive than those from American Select when looking at the national average rates for car insurance.

However, American Select may not be the lowest or best option for each driver out there. Insurance carriers use a variety of complex algorithms to determine premiums, so depending on how good your credit score is or where you live (among a whole range of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both American Select and Kentucky Farm Bureau by a variety of different rate factors, so read on to find out which company is the best for you.

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

American Select and Kentucky Farm Bureau only compete against each other in Kentucky, where Kentucky Farm Bureau offers the cheaper average rates. Kentucky Farm Bureau drivers tend to pay about $52 per month less on average compared to drivers who use American Select for their auto insurance.

But there's more to insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance companies calculate your prices. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any other group of drivers out there on the road. It's usually because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 30% less a month by choosing American Select over Kentucky Farm Bureau.

That being said, with both carriers, you'll see your premiums drop significantly by the time you turn 25. For example, average prices for American Select policyholders decrease about $150 and Kentucky Farm Bureau's rates reduce around $250 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the cheapest car insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which generally decreases their chances of accidents and other infractions that can raise prices.

When looking at American Select and Kentucky Farm Bureau specifically, which carrier is best for retired drivers? In this case, American Select has the slight edge, with rates about $2 per month less than Kentucky Farm Bureau. But that difference is less than 5%, which means it ultimately will come down to other factors, like where you live or your driving record.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more expensive for those who are single than they are for married couples. That's typically because married drivers tend to own and insure several vehicles, which can often earn you a discount.

For single drivers, the difference in average prices between these two companies is significant, with American Select rates coming in at a quarter less than Kentucky Farm Bureau's. But for married policyholders, that advantage is much less clear - American Select has the edge when it comes to average premiums , but the difference is only $9.

American Select or Kentucky Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get into accidents and get tickets. That means when it comes to insurance men will normally end up paying a little more.

On average, women see rates around $1 a month more affordable with American Select, and about $15 with Kentucky Farm Bureau.

Looking at the data for each company specifically, American Select offers the most affordable average prices for both men and women, with average premiums 18% less for men and 12% cheaper for women.

American Select 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.

Car insurance can be a complicated subject for most people. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, American Select has the edge, with average monthly rates coming in at $90. If you want a full coverage policy with the same state minimum limits, American Select again has the edge, with policies averaging around $251 per month to Kentucky Farm Bureau's $282.

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

You've probably seen plenty of commercials from auto insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Kentucky Farm Bureau car insurance policies don't report seeing their prices increase after getting a ticket, but American Select policyholders can expect to see their monthly bill increase by about 20%.

If you have gotten a speeding ticket, Kentucky Farm Bureau tends to offer the best premiums at around 3% cheaper, while American Select has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

American Select drivers who get in an accident can expect to see their prices rise by over $40, while those who have insurance through Kentucky Farm Bureau will see about a $10 increase.

At the end of the day, drivers who use Kentucky Farm Bureau end up with the cheaper prices after an accident, with average rates coming in at $154 compared to American Select Insurance Company's $158.

Which Company is Best for Drivers with a DUI?

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

But if you end up with a DUI charge and are looking for more affordable rates, American Select tends to be less expensive for the average driver, with monthly premiums coming in at around $258 to Kentucky Farm Bureau's $359.

How does Credit Score Impact American Select and Kentucky Farm Bureau Rates?

Often times, your credit score can be used as one of the variables to determine your monthly auto insurance prices. This isn't true for everyone (for example, California and Massachusetts are two states that ban the practice entirely), but it might come into play for lots of policyholders.

Car insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

Looking at American Select and Kentucky Farm Bureau specifically, which one has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Kentucky Farm Bureau will usually reward you the most. For drivers with "excellent" credit scores, Kentucky Farm Bureau comes in NaN more affordable. Drivers with "good" credit scores generally save about 5% with Kentucky Farm Bureau compared to average prices from American Select.

Which Company is Best for Drivers with Bad Credit?

American Select typically offers lower premiums than Kentucky Farm Bureau when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 9% per month less with American Select compared to Kentucky Farm Bureau, and those with "poor" scores normally save an average of about 30% a month.

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

The amount of time you spend behind the wheel of your car plays a big role in how much insurance carriers will charge for coverage. Usually, the more milage you put on your car each year, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much American Select charges. However, there's a small difference in monthly rates for Kentucky Farm Bureau, with policyholders who drive 6,000 miles every year paying around $9 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, American Select is the cheaper company.

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

Where you call home can play a considerable role in how much you pay for car insurance. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

When comparing these two companies side-by-side, American Select normally comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about 23% with American Select compared to Kentucky Farm Bureau. People who live in suburban areas pay around 11% less with American Select compared to Kentucky Farm Bureau. For policyholders in urban ZIP codes, American Select Insurance Company's average prices are about 11% less than Kentucky Farm Bureau.

American Select vs. Kentucky Farm Bureau Discounts

No matter why you might be in the market for a new auto 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 difficult to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both American Select and Kentucky Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the largest savings.

American Select blows Kentucky Farm Bureau away when it comes to the sheer amount of discounts available, offering 20 different discounts to Kentucky Farm Bureau's 11.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, discounts for getting driver training, and discounts for being a good student -- but American Select also offers discounts for account relationship, advance quote, agency transfer, and more.

On the other hand, Kentucky Farm Bureau has a few proprietary discounts of their own for things like good driving discounts, multi-car discounts, school bus driver discounts, and more.

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

You've seen the role certain factors have on your car insurance and the different discounts companies offer. But, when it comes down to it, is American Select or Kentucky Farm Bureau the right fit for you?

American Select might be best for you if....

• You care about discounts (American Select offers the most).
• Your home is in a busy urban area.
• You don't spend much time in your car.

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

• You've been pulled over for speeding recently.
• Your driving record contains an at-fault collision.
• You have above-average credit.

Hopefully, this guide helps you get a good idea of the differences between American Select and Kentucky Farm Bureau and that you can now make a more informed decision when it comes to your auto 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 multiple carriers, not just American Select 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 insurance companies in your area, all in just a few minutes.

American Select vs. Kentucky Farm Bureau FAQs

Is American Select or Kentucky Farm Bureau cheaper?

American Select is the less expensive of the two carriers when looking at national average premiums, with policies averaging $170 a month with American Select and $201 for Kentucky Farm Bureau. But that doesn't mean American Select will be the cheapest carrier for every driver, since there are lots of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, American Select or Kentucky Farm Bureau?

Sadly, the only answer we can give you is "it depends.". Neither company is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, American Select is more affordable for drivers who have less-than-stellar credit scores, while Kentucky Farm Bureau offers less expensive rates for drivers with an at-fault accident on their record.

Why do American Select and Kentucky Farm Bureau offer me different rates?

Insurance companies use several different factors when determining the prices they charge. Things like your driving record, age, gender, where you live, and sometimes even things like your credit score can all be taken into consideration. Both American Select and Kentucky Farm Bureau calculate premiums differently, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't American Select 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.