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

Quick Facts

• Based on national averages for car insurance, Buckeye offers cheaper rates than State Farm
• Buckeye offers more affordable premiums for residents of urban areas
• State Farm has more affordable prices for drivers with a DUI charge on their record

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

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering huge discounts. But exactly how much can you save by switching?

You might be considering Buckeye or State Farm for your next policy, but between the two, which one will offer you less expensive rates?

Looking at nationwide averages, State Farm has average rates that are about 16% per month more expensive than those from Buckeye.

Even so, Buckeye may not be the lowest or best option for every single driver out there. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like where you call home, your age, your credit score, or even your driving record (among other things), so premiums could differ drastically from person to person.

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

Buckeye or State Farm: Average Car Insurance Rates by State

Buckeye and State Farm only compete against each other in two states, with State Farm offering more affordable premiums to the average driver in all of them. Ohio has the most noticable difference, where State Farm rates are over 60% less expensive than car insurance prices at Buckeye.

There's a lot more that goes into your auto insurance cost than just your home state. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group on the road. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

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 Buckeye for their car insurance pay nearly $85 less than those who use State Farm.

That being said, both carriers will lower premiums by the time drivers turn 25. State Farm 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 cheapest rates at $114 monthly.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Buckeye and State Farm? Buckeye gets the slight edge, with prices for drivers 65 and older around 5% cheaper than the national average for State Farm.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly more affordable auto insurance premiums than those who are single. That's generally because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Buckeye is the clear winner for single drivers, with rates about $33 a month cheaper than State Farm, on average. The advantage is also clear for married policyholders - Buckeye offers the cheapest average premiums.

Buckeye vs. State Farm: Average Rates by Gender

Did you know men tend to pay more for car insurance than women? This is because men are more likely to get speeding tickets and get into collisions, which raises the chances of an insurance claim.

With Buckeye, men normally pay around $15 per month more than women, and about $12 more with State Farm.

Looking at the data for each carrier specifically, Buckeye comes out as the lowest option for both genders, with average prices 15% less for men and 18% cheaper for women.

Buckeye or State Farm: 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, insurance isn't the easiest topic to understand. There are a range of different coverages that account for many 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 includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability).

If you're looking for state minimum liability insurance, Buckeye generally offers significantly less expensive premiums of $73 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Buckeye again has the edge, with policies around $25 a month more affordable than State Farm, on average.

Is Buckeye or State Farm Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and at-fault accidents will most likely raise your prices, but is Buckeye or State Farm less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Buckeye policyholders can expect their rates to go up an average of $6 per month if they get a ticket, while State Farm usually raises premiums about $21 a month, on average.

However, Buckeye is normally the cheaper option for both drivers who have a recent speeding ticket and those with clean records, offering rates that are $53 and $68 less expensive, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Buckeye drivers who get in an accident can expect to see their prices climb by over 15%, while those who have insurance through State Farm will see around a 20% increase.

Overall, Buckeye offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly prices averaging $98 compared to State Farm's $163.

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 a collision. Buckeye drivers usually see a 69% climb in their auto insurance rates after a DUI charge, while State Farm will typically raise prices by about 25%.

How does Credit Score Impact Buckeye and State Farm Rates?

Did you know that many car insurance companies take your credit score into account when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for a lot of policyholders.

The reasoning insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will usually be forced to pay more.

So, which company offers the best prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Buckeye or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on how much auto insurance carriers will charge for coverage. Typically, those who drive fewer miles will end up with more affordable rates since there's less of a chance of getting into an accident and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Buckeye charges. However, there's a small difference in monthly premiums for State Farm, with policyholders who drive 6,000 miles yearly paying around $13 less every month compared to those who drive 12,000 miles each year. Still, Buckeye is the cheaper option for drivers in both categories.

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

Where you park your vehicle can play a pretty big role in how much you pay for car insurance. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders due to the small number of cars that are on the roads in those areas.

Buckeye tends to offer the lowest rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Buckeye offers premiums about $131 per month compared to State Farm's $185. People who live in suburban ZIP codes can expect to pay around $159 per month for Buckeye and $161 for State Farm. Lastly, those in rural areas tend to get the most affordable prices from both companies, with average monthly premiums coming in at $107 and $127 for Buckeye and State Farm respectively.

Buckeye vs. State Farm Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

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

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

State Farm blows Buckeye away when it comes to the sheer amount of discounts available, offering 16 more discounts than Buckeye.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a defensive driver, and discounts for being a good driver. State Farm also offers ABS discounts, annual mileage discounts, drive safe & save discounts, and more that Buckeye does not.

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

Final Thoughts: Is Buckeye or State Farm Best for You?

So, we've broken down the average rates for many of the variables car insurance carriers look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Buckeye or State Farm the right carrier for you and your specific needs?

Buckeye might be best for you if....

• You haven't received any speeding tickets or been in a collision in the last few years.
• You drive fewer than 6,000 miles annually.

State Farm might be best for you if...

• You're thinking about moving to another state -- undefined only offers policies in.
• You have a DUI charge on your record.
• You care about discounts (State Farm offers the most).

We hope this guide helps you get a good idea of the differences between Buckeye and State Farm. We also hope we've given you the information you need to make the best decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of companies, not just Buckeye and State Farm. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Buckeye vs. State Farm FAQs

Is Buckeye or State Farm cheaper?

Looking just at the national average prices, Buckeye is the less expensive of the two companies, offering average rates of $132 a month compared to $158 for State Farm. That being said, Buckeye won't necessarily be the lowest carrier for every driver, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Buckeye or State Farm?

Unfortunately, the only answer we can give you is "it depends.". One company is not "better" for each driver -- it all depends on the makeup of your unique insurance profile.

Why do Buckeye and State Farm offer me different rates?

Car insurance carriers take a look at several different variables when determining the rates they charge policyholders. Factors such as gender, your driving record, where your home is, age, and sometimes even things like your credit score can all be taken into consideration. Both Buckeye and State Farm use different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the auto insurance company that's right for you is by getting quotes from several 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 information once and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Buckeye or State Farm 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.