Auto-owners vs. Kentucky Farm Bureau: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Auto-owners offers more affordable rates than Kentucky Farm Bureau
• Auto-owners offers more affordable premiums for policyholders who live in rural neighborhoods
• Kentucky Farm Bureau has less expensive prices in KY

Auto-owners or Kentucky Farm Bureau: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering pretty big savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Auto-owners or Kentucky Farm Bureau as potential options, but which one will offer you cheaper premiums?

Looking at nationwide averages, Kentucky Farm Bureau has average rates that are around 11% a month more expensive than those from Auto-owners.

However, that doesn't necessarily mean Auto-owners will be the less expensive option for each driver. Auto insurance carriers use all sorts of complex algorithms to determine rates, so depending on how old you are or how good your credit score is (among a range of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average prices from both Auto-owners and Kentucky Farm Bureau by many different rate factors, so read on to find out which carrier is the best for you.

Auto-owners vs. Kentucky Farm Bureau: Average Car Insurance Rates by State

Auto-owners 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 $62 per month less on average compared to drivers who use Auto-owners for their insurance.

There's a lot more that goes into your car insurance payment than just the state you live in. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

That being said, 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 15% less a month by choosing Auto-owners over Kentucky Farm Bureau. It's worth noting that Auto-owners offers car insurance in 23 different states compared to Kentucky Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, with both companies, you'll see your rates drop significantly by the time drivers 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, Auto-owners still has the cheapest prices at $164 per month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest auto insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which generally reduces their chances of collisions and other infractions that can raise prices.

When looking at Auto-owners and Kentucky Farm Bureau specifically, which company is best for retired drivers? In this case, Auto-owners has the slight edge, with rates about $5 per month less than Kentucky Farm Bureau. But the difference is only around 5%, so other factors will likely come into play when determining which carrier has the most affordable prices for you.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable car insurance premiums than single policyholders. This usually boils down to married drivers having several vehicles on their policy -- something lots of insurance carriers will reward with discounts.

For those who are single, the difference in average rates between these two companies is significant, with Auto-owners prices coming in at about 10% less than Kentucky Farm Bureau's. It's not quite so glaring for married couples, where drivers who use Auto-owners save nearly 10% a month.

Auto-owners or Kentucky Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll usually end up paying more for auto insurance than women.

Men normally pay around 6% more per month than women with Auto-owners, and about 7% with Kentucky Farm Bureau.

Looking at the data for each company specifically, Auto-owners offers the lowest average rates for both men and women, with average premiums $23 less for men and $19 cheaper for women.

Auto-owners 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.

It's no secret that 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.

However, most policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Auto-owners has the edge, with average monthly rates coming in at $99. If you want a full coverage policy with the same state minimum limits, Auto-owners again has the edge, with policies averaging around $260 a month to Kentucky Farm Bureau's $282.

Is Auto-owners or Kentucky Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great premiums 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 speeding tickets and at-fault accidents lead to higher prices, but which carrier -- Auto-owners or Kentucky Farm Bureau -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Kentucky Farm Bureau insurance policies don't report seeing their prices increase after getting a ticket, but Auto-owners policyholders can expect to see their monthly bill increase by about a quarter.

If you have gotten a speeding ticket, Kentucky Farm Bureau tends to offer the best rates at around 12% cheaper, while Auto-owners has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Auto-owners can expect to see about an $47 -- or around 28% -- rise in their auto insurance premiums. Drivers who use Kentucky Farm Bureau for their insurance will see a monthly bill about $9 (or 6%) more expensive after reporting a collision to their auto insurance company.

At the end of the day, Kentucky Farm Bureau offers the lowest prices for drivers with an at-fault collision on their records, with average rates coming in at $154 compared to Auto-Owners Insurance's $168.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. Kentucky Farm Bureau drivers usually see a 60% raise in their car insurance premiums after a DUI charge, while Auto-owners will typically climb rates by around 54%.

Auto-owners has the overall most affordable prices for drivers with a DUI on their records at $264 a month, but it's worth noting that Auto-owners's average rates come from 23 states compared to just one for Kentucky Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Auto-owners and Kentucky Farm Bureau Rates?

Did you know many auto insurance companies take into account your credit score when determining premiums? This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for a lot of drivers.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive prices.

Looking at Auto-owners and Kentucky Farm Bureau specifically, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Auto-owners will generally reward you the most for an "excellent" credit score. For policyholders with "excellent" credit scores, Auto-owners comes in 4% cheaper. Drivers with "good" credit scores typically save about 2% with Kentucky Farm Bureau compared to average prices from Auto-owners.

Which Company is Best for Drivers with Bad Credit?

Auto-owners typically offers lower rates than Kentucky Farm Bureau when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 5% per month less with Auto-owners compared to Kentucky Farm Bureau, and those with "poor" scores usually save an average of about 19% monthly.

Is Auto-owners 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 car insurance companies will charge for coverage. That's because the more milage you put on your car, the more likely you are to be in a collision and file an insurance claim.

For both remote workers and those taking short commutes, Auto-owners offers more affordable premiums than Kentucky Farm Bureau. Auto-owners's average prices for drivers with 6,000 annual miles come in around 9% cheaper than Kentucky Farm Bureau. Those who drive 12,000 miles every year can expect to pay about 12% less with Auto-owners over Kentucky Farm Bureau.

Auto-owners or Kentucky Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a big role in how much you pay for auto insurance. Normally, those who live in urban areas will pay more than drivers in rural areas because of the number of cars that are on the roads where they live.

Looking at these carriers side-by-side, Auto-owners boasts the cheapest average premiums in rural and urban areas, while Kentucky Farm Bureau wins in suburban areas.

Those in rural areas can expect to save around $39 with Auto-owners compared to Kentucky Farm Bureau. People who live in suburban areas pay about $1 less with Kentucky Farm Bureau compared to Auto-owners. For policyholders in urban ZIP codes, Auto-Owners Insurance's average rates are around $25 less than Kentucky Farm Bureau.

Auto-owners 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. That's where insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier 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 Auto-owners and Kentucky Farm Bureau so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Auto-owners knocks Kentucky Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 13 more discounts than Kentucky Farm Bureau.

There are a couple discounts both companies offer, but Auto-owners also offers discounts for advance quote, company car, COVID-19 relief, 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 Auto-owners or Kentucky Farm Bureau Best for You?

So, you've seen how different variables can affect your auto insurance premiums. We've broken down the different discounts each company offers, too. But, at the end of the day, is Auto-owners or Kentucky Farm Bureau the best carrier for you and your specific driver profile?

Auto-owners might be best for you if....

• Your credit is below-average.
• You live in an 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 accident.
• Your home is located in the suburbs.

Hopefully, this guide helps you get a good idea of the differences between Auto-owners and Kentucky Farm Bureau. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just Auto-owners and Kentucky Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Auto-owners vs. Kentucky Farm Bureau FAQs

Is Auto-owners or Kentucky Farm Bureau cheaper?

Auto-owners is the more affordable of the two carriers when looking at national average prices, with policies averaging $179 a month with Auto-owners and $201 for Kentucky Farm Bureau. But that doesn't mean Auto-owners will be the lowest carrier for each policyholder, since there are multiple different factors that come into play when it comes to your auto insurance cost.

Who is better, Auto-owners or Kentucky Farm Bureau?

Sadly, the real answer is "it depends.". No one company is "better" for every policyholder -- it all comes down to what your unique car insurance profile looks like. For example, Auto-owners is less expensive for drivers who have less-than-stellar credit scores, while Kentucky Farm Bureau offers more affordable rates for drivers with an at-fault collision on their record.

Why do Auto-owners and Kentucky Farm Bureau offer me different rates?

Insurance companies use many different variables when calculating the premiums they charge. Factors like age, where your home is, your driving record, gender, and sometimes even things like your credit score can all be used. Both Auto-owners and Kentucky Farm Bureau use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a range of different carriers.

How do I know if Auto-owners or Kentucky Farm Bureau is right for me?

The only way to find the car 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, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top auto insurance carriers for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Auto-owners 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.