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

Quick Facts

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

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

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Kentucky Farm Bureau or Travelers as your top options, but which company has more affordable rates for insurance?

Looking at the national average rates for both carriers, Travelers is around $34 a month less expensive than Kentucky Farm Bureau.

That being said, Travelers may not be the lowest or best option for every single driver out there. Auto insurance companies use a variety of complex algorithms to determine premiums, so depending on how good your credit score is or how old you are (among a multitude of other factors), you could see wildly different prices from the ones above.

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

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

Kentucky Farm Bureau and Travelers only compete against each other in Kentucky, where Kentucky 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 car insurance.

But there's more to calculating insurance rates than just your home state. 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 car insurance premiums of any group on the road. Normally, 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 teen drivers can't still save money on their auto insurance. As you can see above, teens who use Travelers save almost 20% a month compared to those who use Kentucky Farm Bureau.

However, both carriers will decrease rates by the time you turn 25. Travelers offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Kentucky Farm Bureau's average premiums drop nearly 60% during that same period.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Kentucky Farm Bureau and Travelers? In this case, Travelers has the slight edge, with rates about $6 per month less than Kentucky Farm Bureau. But the difference is only around 5%, so other factors will likely come into play when determining which carrier has the cheapest premiums for you.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are usually cheaper for married policyholders than they are for single drivers? That's generally because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

For those who are single, the difference in average rates between these two companies is significant, with Travelers premiums coming in at a quarter less than Kentucky Farm Bureau's. The advantage for married couples with Travelers is also obvious, where drivers save over 10% a month.

Kentucky Farm Bureau or Travelers: Average Rates by Gender

You may not know, but insurance is typically more expensive for men than for women. That's because men are more likely to get into accidents and get speeding tickets, which raises the chances of filing a claim with insurance.

With Kentucky Farm Bureau, men usually pay about 7% more per month than women., and around 6% more with Travelers.

Looking at overall affordability, Travelers comes out as the lowest option for both genders, with average prices 17% less for men and 17% cheaper for women.

Kentucky Farm Bureau vs. Travelers: 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, auto insurance isn't the easiest topic to understand. There are several 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 an accident.

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 a collision) and full coverage (which generally refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Travelers has the edge, with average monthly rates coming in at $108. If you want a full coverage policy with the same state minimum limits, Travelers again has the edge, with policies averaging about $225 a month to Kentucky Farm Bureau's $282.

Is Kentucky Farm Bureau or Travelers 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 at-fault collisions and speeding tickets on your record, but which of these two carriers offers the most affordable premiums to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Kentucky Farm Bureau auto insurance policies don't report seeing their rates increase after getting a ticket, but Travelers policyholders can expect to see their monthly bill increase by around 20%.

If you have gotten a speeding ticket, Kentucky Farm Bureau tends to offer the best prices at about 9% more affordable, while Travelers 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 6%, while those who have insurance through Travelers will see around a 25% increase.

At the end of the day, the cheaper prices come from Kentucky Farm Bureau, with average premiums coming in at $154 compared to Travelers's $173.

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 insurance bill. On average, Kentucky Farm Bureau will raise your rates about 60% after a DUI, while Travelers's average prices climb by nearly 40%.

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

You may not realized it, but your credit score can be used as one of the variables to calculate your monthly car insurance premiums. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it might come into play for several policyholders.

Insurance carriers argue that those with good credit scores are more likely to pay their bills on time every month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Kentucky Farm Bureau and Travelers specifically, which carrier has the best prices 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 Travelers Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly premiums. Normally, those who drive less will end up with less expensive rates since there's less of a chance of causing a collision and filing an insurance claim.

For both remote workers and those taking short commutes, Travelers offers cheaper prices than Kentucky Farm Bureau. Kentucky Farm Bureau average rates for drivers with 6,000 annual miles come in around $32 more expensive than Travelers. Those who drive 12,000 miles annually can expect to pay about $36 more with Kentucky Farm Bureau over Travelers.

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

Where you call home can have a sizable impact on your monthly car insurance cost. Typically, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of cars that are on the roads where they live.

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

If you live in a rural area, you can expect to pay around $136 per month with Travelers compared to Kentucky Farm Bureau's $203. Drivers in suburban ZIP codes pay a monthly rate of about $160 with Travelers compared to $168 with Kentucky Farm Bureau. For drivers in urban ZIP codes, Travelers's average rates are around $204 per month compared to Kentucky Farm Bureau's $230.

Kentucky Farm Bureau vs. Travelers 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. That's where car insurance discounts comes into play.

The challenging part is finding all of the discounts you qualify for, 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 Kentucky Farm Bureau and Travelers offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Travelers knocks Kentucky Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 14 more discounts than Kentucky Farm Bureau.

Both carriers offer several of the same discounts -- like ABS discounts, discounts for being a defensive driver, discounts for being a good driver, and multi-policy discounts -- but Travelers also offers discounts for advance quote, alternative fuel, continuous insurance, 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 Travelers Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance company is the best carrier for you, your vehicle, and your wallet?

Travelers might be best for you if....

• You haven't received any speeding tickets or been in an accident in the last few years.
• Your home is in a busy urban area.
• You're married and plan to have both of your names on the vehicle's insurance policy.

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

• You've been pulled over for speeding recently.
• Your driving record contains an at-fault collision.
• You already have a great credit score.

Hopefully, this guide helps you get a good idea of the differences between Kentucky Farm Bureau and Travelers. 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 Travelers. Luckily, sites like Compare.com do all the hard work for you. 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.

Kentucky Farm Bureau vs. Travelers FAQs

Is Kentucky Farm Bureau or Travelers cheaper?

Travelers is the less expensive of the two carriers when looking at national average premiums, with policies averaging $167 a month with Travelers and $201 for Kentucky Farm Bureau. However, that doesn't mean Travelers will be the most affordable carrier for everyone, since there are a range of different variables that are considered when it comes to your auto insurance bill.

Who is better, Kentucky Farm Bureau or Travelers?

Unfortunately, the real answer is "it depends.". Neither company is "better" for everyone -- it all depends on what your unique insurance profile looks like. For example, Kentucky Farm Bureau is more affordable for drivers with excellent credit, while Travelers offers cheaper prices for drivers with a recent DUI.

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

Car insurance companies use many different factors when determining the premiums they charge. Things such as gender, age, where you park your vehicle, your driving record, and sometimes even things like your credit score can all come into play. Both Kentucky Farm Bureau and Travelers calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Kentucky Farm Bureau or Travelers 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 make it easy for you to do just that. Just enter your area information 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 price. And maybe you'll find that the best carrier for you isn't Kentucky Farm Bureau or Travelers 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.