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

Quick Facts

• In general, Kemper offers cheaper rates than Electric
• Electric offers more affordable premiums for policyholders whose driving record contains an at-fault collision
• Kemper tends to be a much more affordable option for drivers who have a speeding ticket on their driving record

Electric or Kemper: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Electric or Kemper as your top options, but which one has less expensive rates for car insurance?

As you can see, Kemper is around $31 a month cheaper than Electric when looking at the national average rates for auto insurance.

However, that doesn't necessarily mean Kemper will be the more affordable option for every driver. Car insurance carriers vary their prices depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and tons of other factors, so premiums could change drastically from person to person.

So, if you want to find out which of Electric or Kemper is really the best for you, keep reading to see average rates for each carrier broken down by a variety of different rate factors.

Electric vs. Kemper: Average Car Insurance Rates by State

Electric and Kemper only compete against each other in three states, with Kemper offering less expensive premiums to the average driver in all of them. Connecticut has the most noticable difference, where Kemper prices are $100 cheaper than insurance rates at Electric.

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance companies determine your premiums. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers. That's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance rates. For example, 18-year-old drivers pay an average of almost 15% less per month by choosing Kemper over Electric.

That being said, both carriers will decrease prices once you turn 25. For example, average premiums for Electric policyholders reduce about $300 and Kemper's rates drop around $300 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 most affordable prices out there.

So, which company offers the best premiums to retired drivers? In this case, Electric has the slight edge, with rates about $1 a month less than Kemper. But that difference is less than 5%, which means it ultimately will come down to other variables, like where you live or your credit score.

Which is the Best Company for Married Drivers?

Did you know that auto insurance premiums are typically less expensive for married drivers than they are for single drivers? This usually boils down to married policyholders having several vehicles on their policy -- something several insurance companies will reward with discounts.

For those who are single, the difference in average prices between these two carriers is significant, with Kemper premiums coming in at around 15% less than Electric's. It's not quite so glaring for married couples, where drivers who use Kemper save nearly $20 per month.

Electric or Kemper: Average Rates by Gender

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

On average, women see rates about $20 a month more affordable with Electric, and almost $20 with Kemper.

When it comes to the lowest prices for each gender, Kemper comes out on top for both men and women, with average rates 12% less for men and 12% cheaper for women.

Electric 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.

For most people, insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for several different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

That being said, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, Kemper has the slight edge, with average monthly premiums coming in at $139. If you want a full coverage policy with the same state minimum limits, Kemper again has the edge, with policies averaging around $331 per month to Electric's $383.

Is Electric or Kemper Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto 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 at-fault collisions and speeding tickets on your record, but which of these two companies offers the cheapest prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Electric for their car insurance can generally expect their monthly bill to go up about 12% after getting a speeding ticket. Kemper policyholders can expect a bit more drastic of an increase of around 21%.

But Kemper is usually the cheaper option for drivers both with clean records and with a ticket, offering premiums that are 16% and 8% less expensive, respectively, compared to Electric Insurance Company.

Which Company is Best for Drivers After an Accident?

Electric drivers who get in an accident can expect to see their rates increase by just under $30, while those who have insurance through Kemper will see about a $85 increase.

At the end of the day, the more affordable prices come from Electric, with average rates coming in at $236 compared to Kemper's $259.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- generally a lot more than a collision or speeding ticket. Electric drivers usually see a 46% increase in their auto insurance prices after a DUI charge, while Kemper will typically climb premiums by around 39%.

How does Credit Score Impact Electric and Kemper Rates?

Did you know many car insurance carriers take into account your credit score when determining prices? This isn't true for everyone (for example, Michigan and Massachusetts are two states that ban the practice entirely), but it might come into play for many policyholders.

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

Looking at Electric and Kemper specifically, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a pretty big impact on your monthly insurance bill. Normally, those who drive less will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

For both remote workers and those taking short commutes, Kemper tends to be the more affordable option. Electric's average rates for drivers with 6,000 annual miles come in about 6% more expensive than Kemper. Those who drive 12,000 miles annually can expect to pay around 17% more with Electric over Kemper.

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

Where you call home can have a large impact on your monthly auto insurance cost. Usually, those who live in urban areas will pay more than policyholders in rural areas because of the number of vehicles that are on the roads where they live.

When comparing these two carriers side-by-side, Kemper typically comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about $80 with Kemper compared to Electric. People who live in suburban areas pay around $8 less with Kemper compared to Electric. For drivers in urban ZIP codes, Kemper's average prices are about $8 less than Electric Insurance Company.

Electric 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 where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you can take advantage of.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Electric and Kemper so that you can see which carrier can save you the most money each month.

Kemper blows Electric away when it comes to the sheer amount of discounts available, offering 24 different discounts to Electric's 17.

There are a couple discounts both companies offer, but Kemper also offers discounts for AAA, continuous insurance, distant student, and more.

On the other hand, Electric has a few proprietary discounts of their own for things like COVID-19 relief discount, electric vehicle discounts, hybrid vehicle discounts, and more.

Final Thoughts: Is Electric or Kemper Best for You?

So, you've seen how different factors can affect your car insurance premiums. We've broken down the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which company is the right company for you and your specific needs?

Kemper might be best for you if....

• Your driving record includes a DUI charge.
• You're looking for the best rates on liability only coverage.
• You are purchasing your auto insurance with a spouse.

Electric might be best for you if...

• You have an at-fault accident on your record.
• You're of retirement age and want to take advantage of lower premiums.

Hopefully, this guide helps you get a better idea of the difference between Electric 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 auto insurance policy is to compare quotes from several carriers, not just Electric 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 car insurance companies in your area, all in just a few minutes.

Electric vs. Kemper FAQs

Is Electric or Kemper cheaper?

Kemper is the less expensive of the two carriers when looking at national average prices, with policies averaging $235 a month with Kemper and $266 for Electric. However, that doesn't mean Kemper will be the most affordable carrier for everyone, since there are many different variables that come into play when it comes to your insurance payment.

Who is better, Electric or Kemper?

Sadly, the answer truly is "it depends.". Neither company is "better" for each policyholder -- it all boils down to your unique car insurance profile. For example, Kemper is more affordable for drivers who have less-than-stellar credit scores, while Electric offers cheaper rates for policyholders with an at-fault collision on their record.

Why do Electric and Kemper offer me different rates?

Insurance companies use lots of different factors when calculating the premiums they charge. Variables like gender, your driving record, age, where your home is, and sometimes even things like your credit score can all come into play. Both Electric and Kemper use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Electric or Kemper is right for me?

The only way to find the auto 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 do 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 best rate. And maybe you'll find that the best carrier for you isn't Electric 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.