Jane Dotson
Kentucky Farm Bureau Insurance has been serving families in the Bluegrass State since 1943 and currently insures over 474,000 Kentucky families and businesses. The company offers a wide range of life insurance products, from term to whole life, and has a network of insurance agents in all 120 counties in the state. Kentucky Farm Bureau Insurance received an 8.3 out of 10 rating for its superior insurance coverage and low prices, and it is worth considering for those seeking life insurance in Kentucky. However, it is important to compare insurance quotes from multiple providers to find the best fit for your needs.
| Characteristics | Values |
|---|---|
| Customer Rating | 4.12/5 on Clearsurance |
| BBB Rating | A+ |
| AM Best Rating | A (Excellent) |
| Number of Kentucky Families and Businesses Insured | 474,000+ |
| Number of Counties in Kentucky with KFB Insurance Agents | 120 |
| Types of Insurance Offered | Life, Car, Homeowners, Renters, Motorcycle, Commercial, Business, Mobile Home, Fire, Earthquake, Flood, and Umbrella Insurance |
| Discounts Offered | Multi-vehicle, Safe Driving, Student Motorists, Good Student, Driver's Training, DriveRight, Senior Operator Accident Prevention, Military Defensive Driving Course, Auto Safety Devices, Active Property, School Bus Driver |
What You'll Learn
Kentucky Farm Bureau Insurance: pros and cons
Kentucky Farm Bureau Insurance has been serving families in Kentucky since 1943 and is the largest property and casualty insurance company in the state. It offers a wide range of insurance products, including life insurance, and has a network of agents in all 120 counties.
Pros
- Kentucky Farm Bureau Insurance has an excellent financial strength rating of A from AM Best, indicating that it has a superior ability to fulfil ongoing insurance obligations.
- The company is well-regarded across Kentucky and has an A+ rating from the Better Business Bureau (BBB).
- It offers a large network of local agents, and members receive benefits such as discounts on hotels, security systems, and other goods and services.
- Kentucky Farm Bureau Insurance offers custom-fit life insurance coverage through Southern Farm Bureau Life Insurance Company, with a range of products from term to whole life available.
- The company provides long-term care insurance, which can protect against the depletion of assets, loss of independence, emotional and financial burden on family, and lack of access to quality care.
- It also offers retirement planning services and products, including annuities, to help customers plan for their future and minimise estate shrinkage upon their death.
- Kentucky Farm Bureau Insurance policies generally offer quality coverage, with basic but comprehensive auto insurance.
- The company provides various discounts, such as good student discounts, driver's training discounts, and multi-vehicle discounts.
Cons
- Kentucky Farm Bureau Insurance is only available to Farm Bureau members, which requires an additional fee.
- The company offers fewer coverage options than other providers, and its rates for homeowners insurance and car insurance are higher than the Kentucky state average.
- While it provides affordable prices, it may not be the cheapest choice in the state.
- Kentucky Farm Bureau Insurance is only available to Kentucky residents, limiting its accessibility for those outside the state.
- The company has limited choices and availability, and you may not find elaborate protection for certain insurance types.
Chase Bank: Life Insurance for Account Holders?
You may want to see also
Kentucky Farm Bureau Insurance: cost compared to other providers
Kentucky Farm Bureau Insurance has been serving families in the state since 1943 and is the largest property and casualty insurance company in Kentucky. The company offers a range of insurance products, including life insurance, and has a network of agents in all 120 counties in the state.
Kentucky Farm Bureau Insurance has an A rating for financial strength from AM Best and an A+ rating from the Better Business Bureau (BBB). The company is also accredited by the BBB, indicating that it serves its customers well.
The cost of Kentucky Farm Bureau Insurance's car insurance is generally affordable, with an average cost of around $2,221 per year or $185 per month for full-coverage car insurance. This is lower than the national average of $2,681 per year. However, it is not the cheapest option available in Kentucky.
The company offers various discounts to its members, including good student discounts, driver's training discounts, and loyalty discounts for members with extended membership periods.
In terms of homeowners insurance, Kentucky Farm Bureau's rates are higher than the average cost of homeowners insurance in Kentucky. The rates are based on specific profiles, and individual rates may vary depending on unique characteristics.
Kentucky Farm Bureau Insurance also provides other types of coverage, such as motorcycle insurance, renters insurance, and commercial insurance.
Overall, while Kentucky Farm Bureau Insurance offers superior coverage and has a strong reputation, it may not be the most affordable option for everyone. It is recommended that individuals shop around and compare rates and coverage options from different providers before settling on a choice.
Medicare Advantage: Life Insurance Coverage and Benefits Explained
You may want to see also
Kentucky Farm Bureau Insurance: customer service reviews
Kentucky Farm Bureau Insurance has been serving families in Kentucky since 1943 and is the largest property and casualty insurance company in the state. It has insurance agents in all 120 counties and insures more than 474,000 Kentucky families and businesses.
The company is rated A (excellent) by A.M. Best Company and A+ by the Better Business Bureau (BBB). BBB ratings are based on 13 trust-related factors, including fair and appropriate handling of customer complaints.
Kentucky Farm Bureau Insurance has a rating of 4.12 out of 5 stars on Clearsurance, based on 258 reviews. One Clearsurance user commented that the company is "always friendly and easy to deal with".
On Google, the company holds a rating of 3.4 out of 5 stars, based on 23 reviews.
J.D. Power evaluated Kentucky Farm Bureau Insurance and gave it a score of 687 out of 1,000 points in their 2024 U.S. Auto Insurance Study, ranking it third among insurance companies in the Southeast region.
Overall, Kentucky Farm Bureau Insurance is well-regarded by its customers, with praise for its friendly service and easy claims process.
Globe Insurance: Term Life Insurance Options and Availability
You may want to see also
Kentucky Farm Bureau Insurance: coverage options
Kentucky Farm Bureau Insurance has been serving families in the Bluegrass State since 1943 and is the largest property and casualty insurance company in Kentucky. The company offers a range of insurance products, including auto, homeowners, renters, and life insurance. Here is a detailed overview of the coverage options available with Kentucky Farm Bureau Insurance:
Auto Insurance Coverage:
Kentucky Farm Bureau Insurance offers tailored automobile policies to meet the specific needs of its customers. The auto insurance coverage options include:
- Auto liability coverage
- Bodily injury liability
- Property damage liability
- Auto physical damage coverage
- Coverage for incidents other than collisions
- Underinsured motorist protection
- Personal injury protection
Additional coverage options are also available, such as towing and labour costs and rental reimbursement/transportation expenses.
Homeowners Insurance Coverage:
Kentucky Farm Bureau Insurance provides comprehensive homeowners insurance to protect one of your greatest investments. Their homeowners insurance coverage includes protection against physical damage caused by various perils, such as:
- Riot or civil commotion
- Vandalism or malicious mischief
- Accidental discharge or overflow of water or steam
- Sudden and accidental damage from artificially generated electrical current
- Weights of ice, snow, or sleet
- Limited glass breakage
Additionally, Kentucky Farm Bureau Insurance offers coverage for personal possessions, including silverware, goldware, pewterware, cameras, and musical instruments. You can also tailor your policy to provide additional coverage for valuable items like jewellery, musical equipment, or computers.
Life Insurance Coverage:
The company offers a wide range of life insurance products, including term life insurance and whole life insurance, through Southern Farm Bureau Life® Insurance Company. Life insurance coverage ensures financial protection for your loved ones in the event of your passing.
Other Coverage Options:
In addition to the primary insurance types, Kentucky Farm Bureau Insurance also provides the following coverage options:
- Commercial auto insurance
- Dwelling Fire Insurance
- Earthquake Insurance
- Mobile Home Insurance
- Motorcycle insurance
- Watercraft insurance
- Long-term care insurance
- Retirement planning services
Haven Life Insurance: Your Ultimate Financial Safety Net
You may want to see also
Kentucky Farm Bureau Insurance: discount options
Kentucky Farm Bureau Insurance offers a range of discounts to its members. The company provides insurance to over 474,000 Kentucky families and businesses and has agents in all 120 counties in the state.
Discounts on Goods and Services
Kentucky Farm Bureau Insurance members can access discounts with certain brands and companies. These include discounts on rental cars, vehicle purchases, farming machinery and products, home improvement and technology products, health services, identity theft recovery services, home security systems, and hotels.
Multi-Policy Discounts
Like many insurance companies, Kentucky Farm Bureau Insurance offers discounts for multiple policies. The Active Property Discount applies if you carry an auto policy alongside a homeowner, mobile homeowner, or farmowner policy. The company also offers an Umbrella Discount for those carrying an auto policy and an umbrella policy.
Safe Driver Discounts
Kentucky Farm Bureau Insurance rewards good students, safe drivers, and more. The DriveRight® Mobile Discount offers personalized feedback on driving habits and can save you up to 5% on your premium. The company also offers a Good Student Discount for full-time students with a B average or higher. The Driver's Training Discount applies to single drivers under 25 or married male drivers under 21 who have completed a certified safe driver's course. The Safe Driver Discount/DriveRight® Discount rewards drivers who have gone 3, 5, or 8 years without an accident or claim, with discounts of up to 25%.
Defensive Driving Course Discounts
The company offers discounts for those who complete defensive driving courses. The Senior Operator Accident Prevention Discount is for drivers aged 55 and older who complete an approved safety course. The Military Defensive Driving Course Discount is for members of the US Armed Forces who have completed a defensive driving course provided by the military.
Auto Safety Devices Discount
If your vehicle is equipped with anti-lock brakes, anti-theft devices, or passive restraints, you may be eligible for a discount.
Multi-Vehicle Discounts
Insuring more than one vehicle with Kentucky Farm Bureau Insurance will make you eligible for a discount.
School Bus Driver Discount
Certified school bus drivers who can provide yearly proof of recertification may qualify for a discount.
End-of-Life Insurance: Understanding Cash Value and Benefits
You may want to see also
Frequently asked questions
Kentucky Farm Bureau has an A (excellent) rating from A.M. Best Company, one of the highest ratings awarded by the insurance rating service. It also has an A+ rating from the Better Business Bureau (BBB).
Some pros of Kentucky Farm Bureau life insurance are its large network of local agents and its excellent financial strength rating from AM Best. A con is that it is only available to Farm Bureau members.
The cost of Kentucky Farm Bureau life insurance depends on various factors, including the type of policy, the insured's age, health, and lifestyle choices. Contact a local agent to discuss your specific needs and get a quote.
Kentucky Farm Bureau offers a wide range of life insurance products, from term to whole life, through Southern Farm Bureau Life® Insurance Company.
