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

Quick Facts

• Based on national averages for auto insurance, State Farm offers significantly less expensive premiums than Kentucky Farm Bureau
• Kentucky Farm Bureau offers cheaper average prices for policyholders whose driving record contains an at-fault collision
• State Farm has more affordable rates for policyholders who haven't received any speeding tickets or been in a collision in the last few years

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

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

You've maybe even narrowed it down to Kentucky Farm Bureau or State Farm as potential options, but which carrier will offer you cheaper prices?

As you can see, State Farm is around $43 a month more affordable than Kentucky Farm Bureau when looking at the national average rates for car insurance.

But that doesn't mean State Farm will necessarily be less expensive than Kentucky Farm Bureau for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things), so premiums will differ quite a bit from person to person.

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

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

Kentucky Farm Bureau and State Farm only compete against each other in Kentucky, where State Farm offers the cheaper average prices. State Farm drivers tend to pay about $88 per month less on average compared to drivers who use Kentucky Farm Bureau for their car insurance.

There's a lot more that goes into your auto 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 -- normally pay a lot for car insurance compared to older drivers. That's usually because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have State Farm for their insurance pay almost 20% less than those who use Kentucky Farm Bureau.

Even so, both companies will drop rates by the time drivers turn 25. For example, average prices for Kentucky Farm Bureau policyholders reduce about $250 and State Farm's premiums lower over $200 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Kentucky Farm Bureau and State Farm? State Farm gets the edge, with rates for drivers 65 and older nearly 20% cheaper than the national average for Kentucky Farm Bureau.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be less expensive for married policyholders than they are for single policyholders. That's because policies for married drivers typically cover multiple vehicles, which many carriers will give you a discount for.

For those who are single, the difference in average premiums between these two companies is significant, with State Farm prices coming in at a quarter less than Kentucky Farm Bureau's. For married couples, the advantage is clear again - State Farm has the edge when it comes to average premiums.

Kentucky Farm Bureau or State Farm: Average Rates by Gender

Because women are less likely to get speeding tickets and get into collisions, they are less likely to file a claim with insurance. So, insurance carriers will often charge women less than men.

On average, men see rates around 7% a month higher with Kentucky Farm Bureau, but with State Farm, the difference is closer to 7% per month.

Looking at overall affordability, State Farm comes out on top for both men and women. On average, male drivers save about $44 a month and women save about $41 with State Farm compared to the average Kentucky Farm Bureau policyholder.

Kentucky Farm Bureau vs. State Farm: 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.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different limits and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury 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, State Farm has the edge, with average monthly prices coming in at $99. If you want a full coverage policy with the same state minimum limits, State Farm again has the edge, with policies averaging around $216 per month to Kentucky Farm Bureau's $282.

Is Kentucky Farm Bureau or State Farm 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.

At-fault collisions and speeding tickets will most likely raise your rates, but is Kentucky Farm Bureau or State Farm more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

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

If you have gotten a speeding ticket, Kentucky Farm Bureau tends to offer the best rates at about 6% cheaper, while State Farm 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 a collision can expect to see their prices climb by just under $10, while those who have insurance through State Farm will see around a $30 increase.

At the end of the day, the less expensive premiums come from Kentucky Farm Bureau, with average prices coming in at $154 compared to State Farm's $163.

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. Kentucky Farm Bureau drivers usually see a 60% climb in their car insurance rates after a DUI charge, while State Farm will generally raise premiums by about 25%.

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

You may not realized it, but your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (California, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for lots of policyholders.

Insurance carriers 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.

Looking at Kentucky Farm Bureau and State Farm specifically, which company has the most affordable 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 Kentucky Farm Bureau or State Farm Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly auto insurance payment. Usually, the more milage you put on your car, the more you can expect to pay for coverage.

State Farm tends to be the more affordable option for both remote workers and those taking short commutes. State Farm average premiums for drivers with 6,000 annual miles come in $45 cheaper than Kentucky Farm Bureau. Those who drive 12,000 miles annually can expect to pay more than $40 less with State Farm over Kentucky Farm Bureau.

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

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a considerable impact as well. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, State Farm typically comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, State Farm's average prices are around $45 less than Kentucky Farm Bureau. People who live in suburban areas pay about $7 less with State Farm compared to Kentucky Farm Bureau. Those in rural areas can expect to save around $76 with State Farm compared to Kentucky Farm Bureau.

Kentucky Farm Bureau vs. State Farm Discounts

No matter why you might be in the market for a new auto 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 taking advantage of as many car insurance discounts as possible.

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're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Kentucky Farm Bureau and State Farm offer their customers so that you can see which one can save you the most money each month.

State Farm blows Kentucky Farm Bureau away when it comes to the sheer amount of discounts available, offering 12 more discounts than Kentucky Farm Bureau.

There are a couple discounts both carriers offer, but State Farm also offers discounts for annual mileage, distant student, drive safe & save, 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.

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

So, we've broken down the average premiums for many of the variables insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but at the end of the day, which company is the best fit for you?

State Farm might be best for you if....

• You value the experience that comes with a large national auto insurance carrier.
• You're looking for the best rates on liability only coverage.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

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

• You have a speeding ticket on your driving record.
• You have an at-fault accident on your record.

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

Kentucky Farm Bureau vs. State Farm FAQs

Is Kentucky Farm Bureau or State Farm cheaper?

State Farm is the less expensive of the two carriers when looking at national average prices, with policies averaging $158 a month with State Farm and $201 for Kentucky Farm Bureau. That being said, that doesn't mean State Farm will be the lowest company for everyone, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Kentucky Farm Bureau or State Farm?

Sadly, the answer truly is "it depends.". No single carrier is "better" for everyone -- it all boils down to your unique insurance profile. For example, State Farm is more affordable for drivers who have less-than-stellar credit scores, while Kentucky Farm Bureau offers cheaper premiums for drivers with an at-fault collision on their record.

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

Auto insurance companies use quite a few different variables when determining the rates they charge. Things like age, where you park your vehicle, gender, your driving record, and sometimes even things like your credit score can all be used. Both Kentucky Farm Bureau and State Farm calculate prices using different factors, 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 many different carriers.

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

The only way to find the 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 information once 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 cheapest rate. And maybe you'll find that the best company for you isn't Kentucky Farm Bureau or State Farm 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.