Buckeye vs. Farmers: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Buckeye offers significantly more affordable rates than Farmers
• Buckeye tends to be a much cheaper option for residents of urban areas
• Farmers offers more affordable prices for drivers with a DUI charge on their record

Buckeye vs. Farmers: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You might be considering Buckeye or Farmers as potential options, but between the two, which company will offer you less expensive premiums?

Looking at the national average rates for both companies, Farmers has average rates that are about 35% per month more expensive than those from Buckeye.

However, that doesn't mean Buckeye will necessarily be cheaper than Farmers for every driver. Auto insurance carriers use a ton of complex algorithms to calculate prices, so depending on how clean your driving record is or how good your credit score is (among several other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Buckeye and Farmers by several different rate factors, so read on to find out which carrier is the best for you.

Buckeye or Farmers: Average Car Insurance Rates by State

Buckeye and Farmers only compete against each other in two states, with Buckeye offering more affordable premiums to the average driver in all of them. Ohio has the most noticable difference, where Buckeye rates are over 15% less expensive than insurance premiums at Farmers.

But there's more to calculating car insurance rates than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

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

That being said, that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. For example, 18-year-old drivers pay an average of more than $250 less a month by choosing Buckeye over Farmers.

Even so, both companies will offer you dramatically lower rates by the time you turn 25. Farmers offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Buckeye still has the lowest premiums at $114 per month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable car insurance prices you'll ever find. After all, they've likely been driving for quite some time, which usually decreases their chances of accidents and other infractions that can increase rates.

When looking at Buckeye and Farmers specifically, which company is best for retired drivers? Buckeye gets the edge here, with average premiums coming in at around $105 a month compared to Farmers's $143.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are generally more expensive for single drivers than they are for married couples? This usually boils down to married drivers having multiple cars on their policy -- something lots of car insurance carriers will reward with discounts.

When it comes to relationship status, Buckeye is the clear winner for those who are single, with premiums about $95 per month more affordable than Farmers, on average. The advantage for married policyholders with Buckeye is also obvious, where drivers save nearly $40 a month.

Buckeye vs. Farmers: Average Rates by Gender

Did you know men tend to pay more for insurance than women? This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher rates.

With Buckeye, women usually pay around $15 per month less than men, and about $7 cheaper with Farmers when compared to their male counterparts.

Looking at the data for each carrier specifically, Buckeye offers the cheapest average prices for both men and women. On average, women save about $75 a month and men save around $67 with Buckeye compared to the average Farmers policyholder.

Buckeye or Farmers: 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 car insurance can be a complicated subject for most people. There are multiple different coverages that account for a variety of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

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

If you're looking for state minimum limits for liability insurance, Buckeye generally offers significantly cheaper premiums of $73 compared to Farmers's $126. When it comes to full coverage policies with similar limits, Buckeye again has the edge, with policies about $90 per month less expensive than Farmers, on average.

Is Buckeye or Farmers Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies offering great rates 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 collisions and tickets lead to higher prices, but which company -- Buckeye or Farmers -- has the lowest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Buckeye policyholders can expect their premiums to go up an average of $6 a month if they get a ticket, while Farmers normally raises prices around $44 per month, on average.

That being said, Buckeye tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering premiums that are $81 and $119 more affordable, respectively, compared to Farmers Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Buckeye can expect to see about an $17 -- or around 17% -- increase in their car insurance rates. Drivers who use Farmers for their auto insurance will see a monthly bill about $62 (or 28%) more expensive after reporting an accident to their insurance carrier.

Overall, the cheaper prices come from Buckeye, with monthly premiums averaging $98 compared to Farmers Insurance's $224.

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 auto insurance bill. On average, Buckeye will increase your rates around 69% after a DUI, while Farmers's average prices rise by over 25%.

How does Credit Score Impact Buckeye and Farmers Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. This isn't always the case (for example, Massachusetts and Hawaii are two states that ban the practice entirely), but it does affect several drivers out there.

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, policyholders with bad credit will often be forced to pay more.

So, which company offers the cheapest rates for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Buckeye or Farmers 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. That's because the fewer miles you put on your vehicle each year, the less likely you are to get into a collision and cause an insurance claim.

In this case, neither Buckeye or Farmers report increasing premiums for drivers with higher annual mileage figures. That being said, Buckeye comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car each year, with average prices of $132 a month for both.

Buckeye vs. Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a substantial role in how much you pay for auto insurance. Usually, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of vehicles that are on the roads in those areas.

Buckeye boasts the lowest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable prices from both companies, but Buckeye comes out on top with average rates about $107 monthly. Buckeye also has less expensive average premiums for drivers in urban and suburban ZIP codes -- a 48% and 16% per month respective difference when compared to Farmers policyholders in similar areas.

Buckeye vs. Farmers Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you're eligible for.

Below, we've compared all of the different discounts offered by Buckeye and Farmers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Farmers blows Buckeye away when it comes to the sheer amount of discounts available, offering 21 more discounts than Buckeye.

Both carriers offer lots of the same discounts -- like anti-theft discounts, discounts for being a defensive driver, and discounts for being a good driver -- but Farmers also offers ABS discounts, advance quote discounts, alternative fuel discounts, and more that Buckeye does not.

On the flip side, Buckeye has a unique discount of its own -- a renewal discounts.

Final Thoughts: Is Buckeye or Farmers Best for You?

So, you've seen how different factors can affect your car insurance rates. We've broken down the different discounts each carrier offers, too. But, when it comes down to it, is Buckeye or Farmers the best fit for you?

Buckeye might be best for you if....

• You have less-than-stellar credit.
• You want basic auto insurance coverage at the state minimum limits.
• You and your spouse are buying insurance together.

Farmers might be best for you if...

• You're planning on moving to another state soon -- undefined is only available in.
• You have a DUI charge on your record.
• You're looking for the company with the most discounts.

We hope this guide helps you get a good idea of the differences between Buckeye and Farmers. We also hope we've given you the information you need to make the best 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 companies, not just Buckeye and Farmers. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Buckeye vs. Farmers FAQs

Is Buckeye or Farmers cheaper?

Looking just at the national average prices, Buckeye is the cheaper of the two companies, offering average rates of $132 a month compared to $203 for Farmers. But Buckeye won't necessarily be the cheapest carrier for every driver, since there are a bunch of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Buckeye or Farmers?

Sadly, the only answer we can give you is "it depends.". One company is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Farmers offers more affordable premiums for drivers with a recent DUI, while Buckeye is less expensive for drivers with excellent credit.

Why do Buckeye and Farmers offer me different rates?

Car insurance carriers take a look at quite a few different factors when calculating the prices they charge drivers. Variables like your driving record, where you call home, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Buckeye and Farmers calculate rates using different factors, so each one will most likely offer different prices. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from lots of different companies.

How do I know if Buckeye or Farmers is right for me?

The only way to find the insurance company that's right for you is by getting quotes from a handful of carriers 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 area information and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best carrier for you might not be Buckeye or Farmers at all!

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.