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

Quick Facts

• Based on national averages for car insurance, Nationwide offers more affordable prices than Kentucky Farm Bureau
• Kentucky Farm Bureau offers less expensive average premiums for policyholders whose driving record contains an at-fault collision
• Nationwide has cheaper prices for policyholders who live in rural neighborhoods

Kentucky Farm Bureau or Nationwide: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You might have narrowed it down to Kentucky Farm Bureau or Nationwide, but between the two, which company will offer you less expensive premiums?

Looking at nationwide averages, Kentucky Farm Bureau is around $31 more a month than Nationwide.

But that doesn't necessarily mean Nationwide will be the cheaper option for each driver. Auto insurance carriers use a ton of complex algorithms to determine rates, so depending on how old you are or where you live (among a variety of other factors), you could see wildly different premiums from the ones above.

Wanting to know if Kentucky Farm Bureau or Nationwide is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

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

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

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. Normally, that's 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 prices, teen drivers can still find ways to save money. As you can see above, teens who use Nationwide save over 15% a month compared to those who use Kentucky Farm Bureau.

That being said, with both companies, you'll see your premiums reduce significantly by the time you turn 25. For example, average rates for Kentucky Farm Bureau policyholders decrease about $250 and Nationwide's premiums lower around $250 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the most affordable car 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 auto insurance.

But who has the best prices for retired drivers between Kentucky Farm Bureau and Nationwide? Nationwide gets the slight edge here, with average rates coming in at about $125 a month compared to Kentucky Farm Bureau's $138.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance premiums tend to be more affordable for married policyholders than they are for single policyholders. This usually boils down to married drivers having more than one vehicle on their policy -- something many auto insurance carriers will reward with discounts.

For those who are single, the difference in average prices between these two companies is significant, with Nationwide premiums coming in at around 15% less than Kentucky Farm Bureau's. The advantage for married couples with Nationwide is also obvious, where drivers save more than 15% per month.

Kentucky Farm Bureau or Nationwide: Average Rates by Gender

Men tend to pay more for car insurance than women. That's because men are more likely to get into collisions and get tickets, which increases the chances of filing a claim with insurance.

Men usually pay about 7% more a month than women with Kentucky Farm Bureau, and around 7% with Nationwide.

Looking at the data for each carrier specifically, Nationwide comes out as the lowest option for both genders. On average, women save about $29 per month and men save about $32 with Nationwide compared to the average Kentucky Farm Bureau policyholder.

Kentucky Farm Bureau vs. Nationwide: 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 so many different terms and limits that it can make it pretty confusing to find the right policy for you.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability insurance, Nationwide has the slight edge, with average monthly rates coming in at $112. If you want a full coverage policy with the same state minimum limits, Nationwide again has the edge, with policies averaging around $229 a month to Kentucky Farm Bureau's $282.

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

You've probably seen plenty of commercials from car insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Kentucky Farm Bureau insurance policies don't report seeing their prices increase after getting a ticket, but Nationwide policyholders can expect to see their monthly bill increase by about 15%.

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

Which Company is Best for Drivers After an Accident?

Kentucky Farm Bureau drivers who get in an accident can expect to see their rates rise by just under $10, while those who have insurance through Nationwide will see about a $55 increase.

At the end of the day, drivers who use Kentucky Farm Bureau end up with the cheaper prices after an accident, with average prices coming in at $154 compared to Nationwide's $178.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your auto insurance bill. On average, Kentucky Farm Bureau will raise your premiums around 60% after a DUI, while Nationwide's average rates climb by more than 45%.

How does Credit Score Impact Kentucky Farm Bureau and Nationwide 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, Hawaii and Michigan are two states that ban the practice entirely), but it will come into play for lots of policyholders.

Insurance companies 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, drivers with good credit will often be rewarded with more affordable rates.

So, which company offers the lowest prices for policyholders 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 Kentucky Farm Bureau or Nationwide 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. Usually, the more milage you drive, the more you can expect to pay for car insurance.

For both remote workers and those taking short commutes, Nationwide offers cheaper premiums than Kentucky Farm Bureau. Kentucky Farm Bureau average rates for drivers with 6,000 annual miles come in about $26 more expensive than Nationwide. Those who drive 12,000 miles every year can expect to pay around $34 more with Kentucky Farm Bureau over Nationwide.

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

Where your home is can have a substantial impact on your monthly insurance cost. Typically, 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.

Nationwide boasts the cheapest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Nationwide's average prices are about $199 while Kentucky Farm Bureau offers premiums around $230. People in suburban areas pay about $159 with Nationwide compared to Kentucky Farm Bureau's $168 per month. Those in rural areas can expect to pay around $151 monthly with Nationwide and $203 with Kentucky Farm Bureau.

Kentucky Farm Bureau vs. Nationwide 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. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be hard to nail down the company 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 compared all of the different discounts offered by Kentucky Farm Bureau and Nationwide so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Nationwide knocks Kentucky Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than Kentucky Farm Bureau.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good driver, and discounts for being a good student -- but Nationwide also offers discounts for advance quote, agency transfer, distant student, and more.

On the other hand, Kentucky Farm Bureau has a few proprietary discounts of their own for things like ABS discounts, multi-car discounts, school bus driver discounts, and more.

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

So, you've seen how different variables can affect your car insurance rates. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the best one for you, your vehicle, and your wallet?

Nationwide might be best for you if....

• You will be the only person on the insurance policy.
• You're looking for discounts -- Nationwide has the most.
• You're of retirement age and want to take advantage of lower premiums.

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

• You've been pulled over for speeding recently.
• You want to save money on your auto insurance after a collision.
• You have above-average credit.

Hopefully, this guide helps you get a good idea of the differences between Kentucky Farm Bureau and Nationwide. We also hope we've given you the information you need to make the best decision when it comes to your 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 carriers, not just Kentucky Farm Bureau and Nationwide. Luckily, sites like Compare.com do all the hard work for you. 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.

Kentucky Farm Bureau vs. Nationwide FAQs

Is Kentucky Farm Bureau or Nationwide cheaper?

Nationwide is the more affordable of the two carriers when looking at national average prices, with policies averaging $170 per month with Nationwide and $201 for Kentucky Farm Bureau. However, that doesn't mean Nationwide will be the most affordable carrier for everyone, since there are a variety of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Kentucky Farm Bureau or Nationwide?

Sadly, the answer truly is "it depends.". Neither company is necessarily "better" for each policyholder -- it all comes down to what your unique auto insurance profile looks like. For example, Kentucky Farm Bureau is cheaper for drivers with excellent credit, while Nationwide offers less expensive rates for drivers with a recent DUI.

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

Insurance companies use quite a few different variables when calculating the prices they charge. Factors such as age, where you call home, gender, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Kentucky Farm Bureau and Nationwide calculate premiums using different formulas, so it's likely they'll offer different rates. 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 Kentucky Farm Bureau or Nationwide is right for me?

The only way to find the car 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 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 carriers for free. That way, you can guarantee you're getting the lowest premium. And maybe you'll find that the best carrier for you isn't Kentucky Farm Bureau or Nationwide 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.