GEICO vs. Kentucky Farm Bureau: Which Company is the Best Fit for You?

Want to know if GEICO or Kentucky Farm Bureau is the better choice for car insurance? You're probably wondering which carrier offers the best rates or the most discounts. Check out our latest guide below to find out which of these two companies is the best for you.
Newly insured car driving down the road
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Quick Facts

  • Looking at the national averages for auto insurance, GEICO offers slightly cheaper premiums than Kentucky Farm Bureau
  • GEICO offers more affordable average prices for drivers with a DUI
  • Kentucky Farm Bureau offers more affordable premiums for policyholders who are looking to purchase insurance with a spouse


GEICO or Kentucky Farm Bureau: 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 big savings. But exactly how much can you save by switching?

You might have narrowed it down to GEICO or Kentucky Farm Bureau as your top options, but which carrier has less expensive prices for car insurance?

GEICO Kentucky Farm Bureau
$185$201

Looking at the national average rates for both carriers, Kentucky Farm Bureau is around $16 more a month than GEICO.

However, GEICO may not be the lowest or best option for every driver out there. Auto insurance companies use tons of complex algorithms to determine rates, so depending on where you live or how old you are (among a variety of other factors), you could see wildly different prices from the ones above.

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

GEICO vs. Kentucky Farm Bureau: Average Car Insurance Rates by State

State GEICO Kentucky Farm Bureau
KY$238$201

GEICO and Kentucky Farm Bureau only compete against each other in Kentucky, where Kentucky Farm Bureau offers the cheaper average rates. Kentucky Farm Bureau drivers tend to pay about $37 per month less on average compared to drivers who use GEICO for their insurance.

There are plenty of other factors that go into your auto insurance payment than just where you call home. Read on to learn more.


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Which is the Best Company For Young Drivers?

GEICO Kentucky Farm Bureau
18-year-old drivers$369$452
25-year-old drivers$163$183

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

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of almost 20% less a month by choosing GEICO over Kentucky Farm Bureau. It's worth noting that GEICO offers car insurance in 50 different states compared to Kentucky Farm Bureau's one, which can skew the average prices a bit, but the difference here is still considerable.

That being said, with both carriers, you'll see your rates drop significantly by the time you turn 25. For example, average prices for GEICO policyholders lower over 55% and Kentucky Farm Bureau's rates reduce nearly 60% over that time.

Which is the Best Company for Retired Drivers?

GEICO Kentucky Farm Bureau
65+-year-old drivers$148$138

Drivers around retirement age normally enjoy some of the most affordable auto insurance premiums you can find. After all, they've likely been driving for quite some time, which usually decreases their chances of collisions and other infractions that can raise rates.

When looking at GEICO and Kentucky Farm Bureau specifically, which carrier is best for retired drivers? Kentucky Farm Bureau gets the slight edge, with premiums for drivers 65 and older $10 more affordable than the national average for GEICO.

Which is the Best Company for Married Drivers?

GEICO Kentucky Farm Bureau
Single$208$237
Married$154$152

You may not be aware, but car insurance prices tend to be less expensive for married couples than they are for single drivers. That's because policies for married drivers normally cover more than one vehicle, which several companies will give you a discount for.

For those who are single, the difference in average premiums between these two carriers is significant, with GEICO prices coming in at about 10% less than Kentucky Farm Bureau's. But for married policyholders, that advantage is much less clear - Kentucky Farm Bureau offers the cheapest average rates , but the difference is less than $5.

GEICO or Kentucky Farm Bureau: Average Rates by Gender

GEICO Kentucky Farm Bureau
Male$189$208
Female$181$193

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll typically end up paying more for insurance than women.

Typically, men see premiums around 4% per month higher with GEICO, and about 7% more with Kentucky Farm Bureau.

Looking at the data for each company specifically, GEICO comes out as the lowest option for both genders. On average, male drivers save about $19 a month and women save around $12 with GEICO compared to the average Kentucky Farm Bureau policyholder.


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GEICO vs. Kentucky Farm Bureau: Compare State Minimum vs. Full Coverage Rates

GEICO Kentucky Farm Bureau
State Minimum*$101$120
Full Coverage**$269$282

*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, auto insurance isn't the easiest topic to understand. There are several different coverages that account for a variety 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.

But most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum liability insurance, GEICO has the edge, with average monthly rates coming in at $101. If you want a full coverage policy with the same state minimum limits, GEICO again has the edge, with policies averaging about $269 per month to Kentucky Farm Bureau's $282.

Is GEICO or Kentucky Farm Bureau Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies 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 speeding tickets and at-fault accidents lead to higher premiums, but which carrier -- GEICO or Kentucky Farm Bureau -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO Kentucky Farm Bureau
Clean Record$115$145
1 Speeding Ticket$150$145

Policyholders with Kentucky Farm Bureau car insurance policies don't report seeing their rates increase after getting a ticket, but GEICO policyholders can expect to see their monthly bill increase by around a quarter.

If you have gotten a speeding ticket, Kentucky Farm Bureau tends to offer the best premiums at about 3% cheaper, while GEICO has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

GEICO Kentucky Farm Bureau
Clean Record$115$145
1 At-Fault Accident$200$154

Both carriers will increase rates pretty significantly if you get into an at-fault collision with GEICO climbing by around 43%. Kentucky Farm Bureau has a less extreme raise, but you can still expect to pay 6% more than you were prior to your first accident.

At the end of the day, the more affordable prices come from Kentucky Farm Bureau, with average premiums coming in at $154 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

GEICO Kentucky Farm Bureau
Clean Record$115$145
1 DUI$275$359

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. For example, Kentucky Farm Bureau increases average rates by more than $200 a month -- that's nearly a 60% increase.

GEICO has the overall most affordable prices for drivers with a DUI on their records at $275 a month, but it's worth noting that GEICO's average rates come from 50 states compared to just one for Kentucky Farm Bureau, so the data may be skewed slightly.


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How does Credit Score Impact GEICO and Kentucky Farm Bureau Rates?

You may not have known, but your credit score can be used as one of the variables to calculate your monthly car insurance rates. Certain states and companies do not allow for credit score to be used as an insurance factor, but it does affect a lot of drivers out there.

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

Looking specifically at GEICO and Kentucky Farm Bureau, which company has the lowest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

GEICO Kentucky Farm Bureau
Excellent Credit Score$131$99
Good Credit Score$164$127

If you have solid credit, Kentucky Farm Bureau will typically reward you the most. For policyholders with "excellent" credit scores, Kentucky Farm Bureau comes in just under 24.43 cheaper. Drivers with "good" credit scores normally save about 23% with Kentucky Farm Bureau compared to average premiums from GEICO.

Which Company is Best for Drivers with Bad Credit?

GEICO Kentucky Farm Bureau
Fair Credit Score$197$185
Poor Credit Score$253$391

If you have less-than-stellar credit, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay around 6% less with Kentucky Farm Bureau than GEICO, but those whose credit is considered "poor" have it flipped -- saving about 35% per month with GEICO.


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Is GEICO or Kentucky Farm Bureau Better for Drivers who Work from Home or Have Short Commutes?

GEICO Kentucky Farm Bureau
6,000 Annual Miles$181$196
12,000 Annual Miles$189$205

How much you drive can have a pretty big impact on your monthly rates. That's because the more milage you put on your car, the more likely you are to be in a collision and file an insurance claim.

GEICO tends to be the less expensive option for both remote workers and those taking short commutes. GEICO's average prices for drivers with 6,000 annual miles come in around 8% more affordable than Kentucky Farm Bureau. Those who drive 12,000 miles every year can expect to pay about 8% less with GEICO over Kentucky Farm Bureau.

GEICO or Kentucky Farm Bureau: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a sizable impact on your monthly auto insurance bill. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

GEICO Kentucky Farm Bureau
Urban Areas$211$230
Suburban Areas$185$168
Rural Areas$159$203

GEICO boasts the most affordable average premiums in rural and urban areas, while Kentucky Farm Bureau wins in suburban areas.

Those in rural areas can expect to save around $44 with GEICO compared to Kentucky Farm Bureau. People who live in suburban areas pay about $17 less with Kentucky Farm Bureau compared to GEICO. For drivers in urban ZIP codes, GEICO's average prices are around $19 less than Kentucky Farm Bureau.

GEICO vs. Kentucky Farm Bureau Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many insurance discounts as possible.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and looked at all of the different discounts GEICO and Kentucky Farm Bureau offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

GEICO Kentucky Farm Bureau
ABS Discount
Anti-Theft Discount
Commercial Drivers License Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Deployed Driver Discount 
Distant Student Discount 
Driver Training Discount
DRL Discount 
EFT Discount 
Employee Discount 
Full Coverage Discount 
Good Driving Discount
Good Student Discount
Group Discount 
Mature Driver Discount 
Military Discount 
Multi-Car Discount
Multi-Policy Discount
New Vehicle Discount 

GEICO blows Kentucky Farm Bureau away when it comes to the sheer amount of discounts available, offering 17 more discounts than Kentucky Farm Bureau.

There are a couple discounts both companies offer, but GEICO also offers discounts for commercial drivers license, COVID-19 relief, deployed driver, and more.

On the other hand, Kentucky Farm Bureau has a few proprietary discounts of their own like school bus driver discounts and umbrella policy discounts.


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Final Thoughts: Is GEICO or Kentucky Farm Bureau Best for You?

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

GEICO might be best for you if....

  • Your driving record includes a DUI charge.
  • You're looking for the best prices on liability only coverage.
  • You want to save money while purchasing auto insurance for a teenager.


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

  • You've received a ticket for speeding recently and don't want to see your rates rise.
  • You have above-average credit.
  • You and your spouse are buying insurance together.

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

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just GEICO and Kentucky Farm Bureau. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.


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GEICO vs. Kentucky Farm Bureau FAQs

Is GEICO or Kentucky Farm Bureau cheaper?

GEICO is the less expensive of the two carriers when looking at national average premiums, with policies averaging $185 a month with GEICO and $201 for Kentucky Farm Bureau. Even so, that doesn't mean GEICO will be the cheapest company for each driver, since there are a range of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, GEICO or Kentucky Farm Bureau?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for every policyholder -- it all boils down to your unique insurance profile. For example, Kentucky Farm Bureau is cheaper for drivers who have already retired, while GEICO offers more affordable rates for single policyholders.

Why do GEICO and Kentucky Farm Bureau offer me different rates?

Auto insurance companies use many different factors when determining the premiums they charge. Variables like where you call home, where you park your vehicle, age, gender, and sometimes even things like your credit score can all be used. Both GEICO and Kentucky Farm Bureau calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the lowest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if GEICO or Kentucky Farm Bureau is right for me?

The only way to find the car 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, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't GEICO or Kentucky Farm Bureau 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.

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