Colorado Farm Bureau vs. Kemper: Which Company is the Best Fit for You?

Quick Facts

• In general, Colorado Farm Bureau offers significantly more affordable prices than Kemper
• Colorado Farm Bureau offers more affordable rates for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Kemper may help you save more money -- they offer more discounts than Colorado Farm Bureau Insurance

Colorado Farm Bureau or Kemper: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Colorado Farm Bureau or Kemper as your top options, but between the two, which carrier will offer you cheaper prices?

Looking at the national average rates for both carriers, Kemper is quite a bit more expensive than Colorado Farm Bureau, with rates averaging $235 a month compared to just $132 with Colorado Farm Bureau.

Even so, Colorado Farm Bureau may not be the most affordable or best option for every driver out there. Auto insurance companies use a ton of complex algorithms to determine premiums, so depending on how clean your driving record is or how good your credit score is (among numerous other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of Colorado Farm Bureau or Kemper is really the best for you, keep reading to see average premiums for each company broken down by a range of different rate factors.

Colorado Farm Bureau vs. Kemper: Average Car Insurance Rates by State

Colorado Farm Bureau and Kemper only compete against each other in Colorado, where Colorado Farm Bureau offers the cheaper average prices. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their insurance.

But there's more to calculating car insurance rates than just the state you live in. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group out there on the road. The reason is that teen 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 premiums. As you can see above, teens who use Colorado Farm Bureau save over 55% a month compared to those who use Kemper.

However, both carriers will offer you dramatically lower rates once you turn 25. For example, average premiums for Colorado Farm Bureau policyholders lower almost 40% and Kemper's prices reduce more than 55% over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you'll ever find.

When looking at Colorado Farm Bureau and Kemper specifically, which carrier is best for retired drivers? Colorado Farm Bureau gets the edge here, with average prices coming in at around $114 per month compared to Kemper's $179.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more affordable for married drivers than they are for single drivers. That's because policies for married couples usually cover multiple vehicles, which several companies will give you a discount for.

For single policyholders, the difference in average prices between these two carriers is significant, with Colorado Farm Bureau premiums coming in at about half of Kemper's. For married policyholders, the advantage is clear again - Colorado Farm Bureau has the edge when it comes to average rates.

Colorado Farm Bureau or Kemper: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they have a lower chance of filing a claim with insurance. So, women tend to get cheaper rates than men.

Usually, men see prices around 2% per month higher with Colorado Farm Bureau, and about 8% more with Kemper.

Looking at the data for each company specifically, Colorado Farm Bureau comes out as the lowest option for both genders. On average, women save about $94 a month and men save around $111 with Colorado Farm Bureau compared to the average Kemper policyholder.

Colorado Farm Bureau 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.

Insurance isn't the easiest topic to understand. There are a variety of different coverages that account for lots 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.

The two 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 includes two additional coverages -- collision and comprehensive -- in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Colorado Farm Bureau has the significant edge, with average monthly premiums coming in at $71. If you want a full coverage policy with the same state minimum limits, Colorado Farm Bureau again has the edge, with policies averaging about $193 per month to Kemper's $331.

Is Colorado Farm Bureau or Kemper Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and accidents on your record, but which of these two companies offers the cheapest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Colorado Farm Bureau for their insurance can typically expect their monthly bill to go up around 16% after getting a speeding ticket. Kemper policyholders can expect a bit more drastic of an increase of about 21%.

But Colorado Farm Bureau is generally the cheaper option for both drivers who have clean records and those with a recent ticket. With Colorado Farm Bureau Insurance, drivers with a clean record can save around $62 a month and drivers with a speeding ticket can save about $85 per month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Colorado Farm Bureau can expect to see around an $25 -- or about 18% -- rise in their insurance prices. Drivers who use Kemper for their auto insurance will see a monthly bill around $85 (or 33%) more expensive after reporting a collision to their car insurance carrier.

At the end of the day, the less expensive premiums come from Colorado Farm Bureau, with average rates coming in at $137 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 ticket or even an accident. On average, Kemper will increase your premiums about 39% after a DUI, while Colorado Farm Bureau's average rates rise by more than 20%.

How does Credit Score Impact Colorado Farm Bureau and Kemper Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it will come into play for lots 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 cheaper prices.

So, which company offers the best 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 Colorado Farm Bureau 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 your monthly premiums? Normally, the more milage you put on your car, 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 Colorado Farm Bureau charges. However, there's a small difference in monthly prices for Kemper, with policyholders who drive the least paying around $1 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Colorado Farm Bureau is the more affordable carrier.

Colorado Farm Bureau or Kemper: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a large impact on your monthly car insurance bill. Generally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more vehicles on the roads where they live.

When comparing these two companies side-by-side, Colorado Farm Bureau usually comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Colorado Farm Bureau's average rates are about $155 while Kemper offers prices around $296. Drivers in suburban ZIP codes pay about $156 with Colorado Farm Bureau compared to Kemper's $226 monthly. Those in rural areas can expect to pay around $85 a month with Colorado Farm Bureau and $182 with Kemper.

Colorado Farm Bureau vs. Kemper Discounts

No matter why you might be in the market for a new 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 auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be hard 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 looked at all of the different discounts Colorado Farm Bureau and Kemper offer their customers 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 blows Colorado Farm Bureau away when it comes to the sheer amount of discounts available, offering 24 different discounts to Colorado Farm Bureau's four.

There are a couple discounts both carriers offer, but Kemper also offers discounts for AAA, ABS, advance quote, and more.

Colorado Farm Bureau's discounts come through just a few categories, including Defensive Driver, Driver Training, Good Student, and more.

Final Thoughts: Is Colorado Farm Bureau or Kemper Best for You?

So, you've seen how different factors can affect your car insurance rates. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Colorado Farm Bureau or Kemper the best fit for you?

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

• You want to save money on your auto insurance after a collision.
• You live in an urban area.
• You are purchasing your car insurance with a spouse.

Kemper might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Colorado Farm Bureau and Kemper. We also hope we've given you the information you need to make the best decision when it comes to your car 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 auto insurance -- comparing quotes from several companies, not just Colorado Farm Bureau and Kemper. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Colorado Farm Bureau vs. Kemper FAQs

Is Colorado Farm Bureau or Kemper cheaper?

Colorado Farm Bureau is the less expensive of the two companies when looking at national average premiums, with policies averaging $132 a month with Colorado Farm Bureau and $235 for Kemper. However, that doesn't mean Colorado Farm Bureau will be the cheapest company for everyone, 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, Colorado Farm Bureau or Kemper?

Unfortunately, the real answer is "it depends.". One carrier is not "better" for everyone -- it all comes down to what your unique auto insurance profile looks like.

Why do Colorado Farm Bureau and Kemper offer me different rates?

Insurance carriers use a lot of different factors when determining the rates they charge. Things like where your home is, gender, where you call home, age, and sometimes even things like your credit score can all come into play. Both Colorado Farm Bureau and Kemper use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from multiple different companies.

How do I know if Colorado Farm Bureau or Kemper is right for me?

The only way to find the car insurance carrier 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, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Colorado Farm Bureau 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.