Cincinatti Financial vs. Kemper: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Cincinatti Financial offers less expensive prices than Kemper
• Cincinatti Financial tends to be a much cheaper option for policyholders who live in rural neighborhoods
• Kemper may help you save more money -- they offer more discounts than Cincinatti Financial

Cincinatti Financial or Kemper: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering substantial savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Cincinatti Financial or Kemper as your top options, but which carrier will offer you more affordable premiums?

Looking at nationwide averages, Cincinatti Financial has average rates that are around 15% a month less expensive than those from Kemper.

However, that doesn't necessarily mean Cincinatti Financial will be the cheaper option for each driver. Auto insurance carriers vary their prices depending on things like where you live, how old you are, how clean your driving record is, how good your credit score is, and a ton of other factors. So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

So, if you want to find out which of Cincinatti Financial or Kemper is really the best for you, keep reading to see average premiums for each company broken down by multiple different rate factors.

Cincinatti Financial vs. Kemper: Average Car Insurance Rates by State

Cincinatti Financial and Kemper only compete against each other in one states, with Kemper offering more affordable prices to the average driver in all of them. Virginia has the most noticable difference, where Kemper premiums are $82 cheaper than car insurance rates at Cincinatti Financial.

There are plenty of other factors that go into your insurance bill than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car 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.

But that doesn't mean teen drivers can't still save money on their insurance. As you can see above, teens who use Kemper save 1% per month compared to those who use Cincinatti Financial.

Even so, both companies will offer you dramatically lower premiums by the time you turn 25. Kemper offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Cincinatti Financial still has the lowest rates at $193 per month.

Which is the Best Company for Retired Drivers?

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

When looking at Cincinatti Financial and Kemper specifically, which carrier is best for retired drivers? Cincinatti Financial gets the edge, with prices for drivers 65 and older over 30% less expensive than the national average for Kemper.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive auto insurance premiums than married policyholders. This usually boils down to married drivers having several vehicles on their policy -- something many insurance carriers will reward with discounts.

For single policyholders, the difference in average rates between these two companies is significant, with Cincinatti Financial premiums coming in at about 10% less than Kemper's. The advantage for married couples with Cincinatti Financial is also obvious, where drivers save almost 25% a month.

Cincinatti Financial or Kemper: Average Rates by Gender

Did you know women tend to pay less for car insurance than men? That's because men are more likely to get into accidents and get tickets, which increases the chances of filing a claim with insurance.

On average, women see prices around 6% per month less with Cincinatti Financial, but with Kemper, the difference is closer to 8% a month.

Looking at the data for each company specifically, Cincinatti Financial comes out on top for both men and women, with average rates $38 less for men and $32 cheaper for women.

Cincinatti Financial vs. Kemper: 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 auto insurance can be a complicated subject for most people. There are several different coverages that account for a bunch of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability insurance, Cincinatti Financial has the edge, with average monthly premiums coming in at $106. If you want a full coverage policy with the same state minimum limits, Cincinatti Financial again has the edge, with policies averaging about $293 per month to Kemper's $331.

Is Cincinatti Financial or Kemper Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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 -- Cincinatti Financial or Kemper -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cincinatti Financial for their auto insurance can normally expect their monthly bill to go up around 15% after getting a speeding ticket. Kemper policyholders can expect a bit more drastic of an increase of about 21%.

Even so, Cincinatti Financial has more affordable rates for drivers in both categories. With Cincinatti Financial, drivers with a clean record can save around $52 a month and drivers with a ticket can save about $76 per month.

Which Company is Best for Drivers After an Accident?

Both companies will raise premiums pretty significantly if you get into an at-fault collision with Cincinatti Financial increasing by around 43%. Kemper has a less extreme increase, but you can still expect to pay nearly 35% more than you were prior to your first accident.

At the end of the day, the less expensive prices come from Cincinatti Financial, with average rates coming in at $214 compared to Kemper's $259.

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 speeding ticket or even a collision. On average, Cincinatti Financial will raise your prices about 62% after a DUI, while Kemper's average rates rise by just under 40%.

But if you end up with a DUI charge and are looking for more affordable premiums, Kemper tends to be cheaper for the average driver, with monthly premiums coming in at around $287 to Cincinatti Financial's $320.

How does Credit Score Impact Cincinatti Financial and Kemper Rates?

You may not have known, but your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as a car insurance factor) but it does affect lots of drivers out there.

Insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which raises the risk involved on their end, while the opposite is true for those with good credit.

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

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Cincinatti Financial will generally reward you the most. For drivers with "excellent" credit scores, Cincinatti Financial comes in more than 16 more affordable. Drivers with "good" credit scores usually save about 17% with Cincinatti Financial compared to average rates from Kemper.

Which Company is Best for Drivers with Bad Credit?

Cincinatti Financial typically offers lower premiums than Kemper when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 18% a month less with Cincinatti Financial compared to Kemper, and those with "poor" scores normally save an average of about 13% monthly.

Is Cincinatti Financial or Kemper Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on how much car insurance carriers will charge for coverage? That's because the more milage you drive, the more likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cincinatti Financial charges. However, there's a small difference in monthly rates for Kemper, with drivers who put 6,000 miles on their car every year paying around $1 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Cincinatti Financial is the less expensive carrier.

Cincinatti Financial or Kemper: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a large impact on your monthly auto insurance cost. 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.

Cincinatti Financial vs. Kemper 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 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 compared all of the different discounts offered by Cincinatti Financial and Kemper so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Kemper knocks Cincinatti Financial out of the park when it comes to the sheer number of discounts available, offering 24 different discounts to Cincinatti Financial's 24.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts. Kemper also offers discounts for AAA, ABS, continuous insurance, and more.

On the other hand, Cincinatti Financial has a few proprietary discounts of their own like COVID-19 relief discount and special large ded discounts.

Final Thoughts: Is Cincinatti Financial or Kemper Best for You?

You've seen the role certain variables have on your car insurance and the different discounts companies offer. But, when it comes down to it, is Cincinatti Financial or Kemper the right one for you and your specific driver profile?

Cincinatti Financial might be best for you if....

• You have a speeding ticket on your driving record.
• You have less-than-stellar credit.
• You're of retirement age and want to take advantage of lower prices.

Kemper might be best for you if...

• Your driving record includes a DUI charge.
• You're looking for discounts -- Kemper has the most.
• You want to save money while purchasing auto insurance for a teenager.

Hopefully, this guide has ben a valuable resource as you compare Cincinatti Financial and Kemper. We also hope we've given you the information you need to make the best decision when it comes to 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 several carriers, not just Cincinatti Financial and Kemper. 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 the top auto insurance companies in your area, all in just a few minutes.

Cincinatti Financial vs. Kemper FAQs

Is Cincinatti Financial or Kemper cheaper?

Cincinatti Financial is the more affordable of the two carriers when looking at national average rates, with policies averaging $200 per month with Cincinatti Financial and $235 for Kemper. However, that doesn't mean Cincinatti Financial will be the most affordable company for everyone, since there are lots of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Cincinatti Financial or Kemper?

Unfortunately, the real answer is "it depends.". No single carrier is "better" for every policyholder -- it all depends on the makeup of your unique car insurance profile. For example, Cincinatti Financial is cheaper for drivers with excellent credit, while Kemper offers more affordable premiums for drivers with a recent DUI.

Why do Cincinatti Financial and Kemper offer me different rates?

Insurance companies use a lot of different variables when determining the prices they charge. Things such as where you live, gender, where you call home, age, and sometimes even things like your credit score can all be used. Both Cincinatti Financial and Kemper calculate premiums using different factors, 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 many different carriers.

How do I know if Cincinatti Financial or Kemper 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, Compare.com does 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. That way, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Cincinatti Financial or Kemper 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.