Sunday, August 14, 2022

Kentucky Farm Bureau Mutual Insurance Company

Don't Miss

Kentucky Farm Bureau Car Insurance Cost

Jeff Sheppard nails half-court shot for KFB Insurance scholarship donation

According to our rate estimates, the average cost for full coverage Kentucky Farm Bureau car insurance is $1,663 per year. This is slightly lower than the state average of $1,843 per year.

Its important to note that only dues-paying members of the Kentucky Farm Bureau can get insured by the company. If youre not already a member, youll have to tack on somewhere between $20 and $50 per year to gain access to a Kentucky Farm Bureau insurance policy.

No matter which car insurance provider you choose, there are a number of factors that affect how much car insurance is, including:

  • Location: Those in Louisville, Lexington, and Northern Kentucky can expect to pay much higher rates than the states rural residents.
  • Age and gender: Younger men pay steep prices for car insurance, though rates start to decline as drivers reach their mid-twenties.
  • : Married motorists have fewer accidents than single drivers, so they generally pay lower prices.
  • : Those with low credit scores usually have high auto insurance premiums.
  • Driving history: If you have car accidents or DUIs on your record, expect to pay much higher car insurance premiums.
  • Vehicle type: Those with newer vehicles, cars often targeted by thieves, or models with below-average safety ratings pay increased rates.

Minimum Coverage Requirements In Kentucky

According to Kentucky law, all motorists must follow the minimum coverage requirements outlined below. Drivers caught driving without insurance can expect a fine of between $500 and $1,000 or up to 90 days in jail.

  • Bodily injury casualty insurance: $25,000 per person and $50,000 per accident
  • Property damage liability car insurance: $25,000 per accident

While its easy to meet the minimum standards for car insurance in Kentucky, drivers would be smart to consider getting additional coverage. Only by adding comprehensive and collision insurance will your vehicle be covered in the event of a car accident, a flood or hail.

Kentucky Farm Bureau Gender Distribution

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Kentucky Farm Bureau. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia’s data science team found that:

  • Kentucky Farm Bureau has 500 employees.

  • 58% of Kentucky Farm Bureau employees are women, while 42% are men.

  • The most common ethnicity at Kentucky Farm Bureau is White , followed by Asian and Black or African American .

  • Kentucky Farm Bureau employees are most likely to be members of the republican party.

  • On average, employees at Kentucky Farm Bureau stay with the company for 5.5 years.

  • The average employee at Kentucky Farm Bureau makes $0 per year.

Recommended Reading: What To Do If Home Insurance Drops You

Kentucky Farm Bureau Reviews Faqs

Kentucky Farm Bureau has an overall rating of 4.0 out of 5, based on over 86 reviews left anonymously by employees. 63% of employees would recommend working at Kentucky Farm Bureau to a friend and 73% have a positive outlook for the business. This rating has decreased by -4% over the last 12 months.

According to anonymously submitted Glassdoor reviews, Kentucky Farm Bureau employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at Kentucky Farm Bureau. This rating has decreased by -5% over the last 12 months.

63% of Kentucky Farm Bureau employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Kentucky Farm Bureau 3.4 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career opportunities.

What Are The Benefits Of Being A Farm Bureau Member

Kentucky Farm Bureau Mutual Insurance Company

In order to get KY Farm Bureau car insurance, you need to be a member of the Farm Bureau. An annual fee, usually between $25 and $50, gets you access to Farm Bureau Bank and a variety of discounts, including travel discounts at places like Wyndham Hotels and home discounts at stores like Sherwin-Williams.

You May Like: What Does Auto Insurance Coverage Provide You

Kentucky Farm Bureau Insurance Pricing And Discounts

While you can find stronger choices for cheap car insurance, Kentucky Farm Bureau Insurance policies are usually affordable. Expect to pay an average of around $1,663 per year for full coverage car insurance from the KFB versus the national average of $1,732.

Like nearly all auto insurance companies, the Kentucky Farm Bureau offers custom rates based on information about you and your vehicle. Here are some of the factors that will likely affect your car insurance premiums:

  • Vehicle: The more expensive a car, the more it typically costs to cover. Sports cars and luxury models carry higher premiums than standard types of vehicles.
  • Location: Drivers in rural areas typically pay less for car insurance than those in Louisville, Lexington and the Cincinnati suburbs.
  • Driving history: Your driving record is one of the biggest factors in your insurance cost. If youve had any recent at-fault accidents or traffic violations, youll pay more than those with clean driving records.
  • : Insurance companies view drivers with better credit as less risky, so theyre charged lower premiums. If you have bad credit, you might pay more for car insurance.

State Farm: Best For Students

State Farm is the largest car insurance provider in the nation, with 16 percent of the market share according to 2020 data from the National Association of Insurance Commissioners.

The auto insurance giant is known for its strong reputation, variety of insurance discounts for students, and mobile apps Drive Safe & Save and Steer Clear®.

State Farm has an A+ rating from the BBB, and its main mobile app has a 4.6-star rating on Google Play and a 4.8-star rating on the App Store. With State Farm car insurance, you can get the following types of coverage:

  • Standard coverage

Read our State Farm auto insurance review for more information.

Don’t Miss: Does American Express Gold Card Cover Car Rental Insurance

Are You An Executive Hr Leader Or Brand Manager At Kentucky Farm Bureau

Claiming and updating your company profile on Zippia is free and easy.

  • Kentucky Farm Bureau

Zippia gives an in-depth look into the details of Kentucky Farm Bureau, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Kentucky Farm Bureau. The employee data is based on information from people who have self-reported their past or current employments at Kentucky Farm Bureau. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Kentucky Farm Bureau. The data presented on this page does not represent the view of Kentucky Farm Bureau and its employees or that of Zippia.

Kentucky Farm Bureau may also be known as or be related to KENTUCKY FARM BUREAU FEDERATION, Kentucky Farm Bureau and Kentucky Farm Bureau Mutual Insurance Company.

Kentucky Farm Bureau Insurance

Kentucky Farm Bureau History 2016

Compare car insurance rates

With a strong reputation and an extensive local footprint, its easy to see why Kentucky Farm Bureau insurance is so popular in the Bluegrass State. While supporting a hometown provider seems like a sensible move, its also worth ensuring that the company provides worthy insurance products and reliable coverage.

After reviewing the countrys best car insurance companies, we found out exactly how Kentucky Farm Bureau insurance compares.

You May Like: Does Home Insurance Cover Tree Trimming

Kentucky Farm Bureau Insurance Discounts

Kentucky Farm Bureau Insurance offers various ways to lower your premium through car insurance discounts. Some of the top ways to save money with the Kentucky Farm Bureau are listed below. You may be eligible for additional discounts, so be sure to request car insurance quotes from a local insurance agent to learn more.

Kentucky Farm Bureau Insurance Discount

Discount Description

Pays for lost wages, medical expenses and funeral expenses if youre hurt in an accident
Uninsured motorist/uninsured motorist coverageCovers your vehicle repairs if you get into an accident caused by an uninsured or underinsured motorist

You can also add towing coverage and rental car reimbursement if youd like an extra layer of protection in the event of a mechanical breakdown.

Kentucky Farm Bureau Cost And Discounts

The average car insurance payment varies widely from state to state, but according to our rate estimates from Quadrant Information Services, the average annual rate for Kentucky Farm Bureau Insurance was $1,624.

Kentucky falls near the middle of the pack, according to a 2018 study by the Insurance Information Institute. Kentucky drivers spent an average of $936.91 on car insurance that year, which was lower than the national average of $1,056.55.

Recommended Reading: How To Pay Health Insurance Premiums Pre Tax

Kentucky Farm Bureau Mutual Insurance Company: Conclusion

We rated Kentucky Farm Bureau Mutal Insurance company 3.5 out of 5.0 stars. While the company offers great insurance options to those living in Kentucky, overall the companys services and reception are mediocre. It has a good reputation with the BBB and AM best and has shown that it is a stable provider. However, their rates are not the best you can get in the state of Kentucky so we recommend you shop around and compare options before deciding on a provider.

Compare car insurance rates

Kentucky Farm Bureau Home Insurance Coverage

Kentucky Farm Bureau Mutual Insurance Company Careers &  Jobs

Kentucky Farm Bureau doesnt just offer car insurance and has many home insurance options as well. Below we highlight their standard homeowners coverage available:

  • Property Coverage: This includes dwelling, other structures, personal liability, and loss of use home insurance
  • Liability Coverage: Bodily Injury, medical payments, and property damage are offered

They also have many optional homeowners plan coverages including personal property replacement, identity fraud, home daycare, earthquake insurance, and more. They also have many personal possessions and additional home coverage which include but are not limited to firearms, jewelry, fine arts, postage stamps, money, and golfing equipment.

Read Also: Is There A Pet Insurance That Covers Pre Existing Conditions

Kentucky Farm Bureau Insurance Reviews

Drivers and industry groups view Kentucky Farm Bureau Insurance policies positively. The BBB gives the company an A+ rating and accreditation, which is a sign that it serves customers well.

Additionally, Kentucky Farm Bureau Insurance holds a rating average of 3.5 out of 5.0 stars on Google. While this number is quite strong for an auto insurance provider, its based on only 14 customer reviews.

While its tough to find Kentucky Farm Bureau Insurance reviews online, J.D. Power evaluated the company on customer satisfaction. Results from the J.D. Power 2021 U.S. Auto Insurance Study gave it a score of 866 out of 1,000 points, earning it third place among insurance companies in the Southeast region.

Expect to receive quality protection when you pick a Kentucky Farm Bureau Insurance plan. Youll gain basic but well-regarded auto insurance coverage from a provider with extensive local initiatives and presence and a mostly painless claims process.

Kentucky Farm Bureau Car Insurance Discounts

Kentucky Farm Bureau offers an array of discounts that can save members a considerable amount. Before signing up for a policy, make sure that youve taken advantage of the savings opportunities below.

Good Student Discount

Discounts for certified school bus drivers

Umbrella Discount

Rewards those with both an auto and umbrella insurance policy through the group

While Kentucky Farm Bureau insurance isnt necessarily the Bluegrass States cheapest car insurance provider for every driver, customers who take advantage of the companys discounts may find significant savings.

Also Check: Is Prudential A Good Life Insurance Company

Kentucky Farm Bureau Insurance Review

We rate Kentucky Farm Bureau insurance at 3.5 stars out of 5.0 overall. Its a reliable company that is financially capable of paying out claims. It also scores high for the region in the J.D. Power Auto Insurance Study. However, the companys customer reviews are fairly middle of the road, and there are other Kentucky auto insurance options that offer more affordable rates on average in the state.

Reviews Category

About Matthew Purnell’s Current Company

Best Medicare Supplement Plans 2022 – Best Medigap Plans

Specialize in selling insurance products by cold calling, door knocking, and internal leads.Provide top notch customer service to all clients by being knowledgeable of all products offeredResponsible for all personal marketing by using Facebook Ads, LinkedIn, and magazine ads. Involved in Shelbyville Chamber of Commerce and community groups for networkingWork with different internal departments to verify all…Specialize in selling insurance products by cold calling, door knocking, and internal leads.Provide top notch customer service to all clients by being knowledgeable of all products offeredResponsible for all personal marketing by using Facebook Ads, LinkedIn, and magazine ads. Involved in Shelbyville Chamber of Commerce and community groups for networkingWork with different internal departments to verify all business written is done perfectly. Work with Underwriters, Claims Adjusters, Executives, and other agents to insure clients the right way

Read Also: What Is The Best Dental Insurance

Elkins V Kentucky Farm Bureau Mut Ins

Ronna L. ELKINS, Appellant,v.KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY, Appellee.

No. 91-CA-984-S.

Court of Appeals of Kentucky.

May 22, 1992.

As Modified June 5, 1992.

Rehearing Denied September 11, 1992.

Discretionary Review Denied by Supreme Court February 10, 1993.

Melbourne Mills, Jr., Versailles, for appellant.

R. Craig Reinhardt, Lexington, for appellee.

Before HOWERTON, STUMBO and WILHOIT, JJ.

HOWERTON, Judge.

Ronna L. Elkins appeals from a summary judgment entered by the Fayette Circuit Court in favor of Kentucky Farm Bureau Mutual Insurance Company . The court held that, under the uninsured motorist coverage endorsement of her policy, Elkins’ claim was time barred by the policy’s one-year limitation provision. Elkins argues that the one-year limit is impermissible, as it conflicts with the two-year limitation allowed by the Motor Vehicle Reparations Act . We agree, and for reasons stated below, we reverse.

Elkins filed suit against the operator of the other vehicle and Farm Bureau in December 1990. The summary judgment for Farm Bureau was entered on March 27, 1991, and this appeal followed.

KRS 304.20-020 states, in pertinent part:

We find persuasive the reasoning of the court in Scalf, supra, in which it held that the one-year limitation in the uninsured motorist section of Globe American’s policy

The judgment of the Fayette Circuit Court is reversed, and this case is remanded for further proceedings.

STUMBO, J., concurs.

We Take A Look At The Kentucky Favorite For Auto Insurance

If you hail from the Bluegrass State or are getting ready to move to the area, Kentucky Farm Bureau may be one of your top contenders for Kentucky car insurance. Though smaller than its national competitors, Kentucky Farm Bureau insurance is well-loved in the state.

We’ve reviewed the best car insurance companies on the market and have chosen top recommendations. As always, we recommend getting several free car insurance quotes before choosing a provider.

Enter your zip code in the free tool below to compare top providers in your area.

Read Also: Do Health Insurance Premiums Reduce Taxable Income

Eku’s Partnership With Kentucky Farm Bureau Raises Concerns

  • Rosemary Kelley Eastern Progress

Courtesy of EKU

Lisa Day was sitting in her home when she got the message: Eastern Kentucky University had just entered a corporate partnership with the Kentucky Farm Bureau Insurance Company. Day, who serves as Eastern Kentucky Universitys director of Appalachian studies and women and gender studies, thought, could this be real?

After exchanging communication with faculty, she soon discovered it was: EKU had just partnered with a company whose lobbying group holds policies with anti-LGBTQ+ language.

The Kentucky Farm Bureau insurance company is one of 16 Kentucky businesses and organizations partnered with EKU. According to the memorandum of understanding between EKU and the Kentucky Farm Bureau, employees of the Kentucky Farm Bureau insurance company are able to receive a number of academic benefits via the EKU Advantage program.

The EKU Advantage program offers Kentucky Farm Bureau Mutual Insurance Company an exclusive, unique educational advantage and cost savings for its employees while enhancing employee benefits and further positioning Kentucky Farm Bureau Mutual Insurance Company as a desirable workplace that values an education as a means to propel its workforce forward, states the MOU.

Student employees are also eligible to receive a 20% discount on training provided by EKUs Workforce Development and the EKU OSHA Training Education Center.

However, Bright stated that the federation does not discriminate.

React to this story:

Kfb Insurance Donates Half

Kentucky Farm Bureau Mutual Insurance Company to donate $500,000 as ...

Commissioner Quarles Praises Company For Commitment During Pandemic

LOUISVILLE â In response to rising food insecurity during the COVID-19 pandemic, Kentucky Farm Bureau Mutual Insurance Company and the Kentucky Farm Bureau Insurance Foundation will donate a total of $500,000 to hunger-relief charities as part of Agriculture Commissioner Ryan Quarlesâ Kentucky Hunger Initiative. The donation is the largest single private donation made as part of the Kentucky Hunger Initiative since Commissioner Quarles launched the effort in 2016.

âWhen we started the Kentucky Hunger Initiative, I knew the ag community would step up to fight hunger like we never had before, but I could not have imagined a half-million-dollar donation from Kentucky Farm Bureau Insurance,â said Commissioner Quarles. âThis donation, in this time, demonstrates how Kentucky agriculture is not only committed to growing food and fiber during a pandemic, but also to marshalling funds to feed vulnerable Kentuckians affected by it. I cannot thank Kentucky Farm Bureau Insurance enough, and I look forward to thanking them in person once our time of social distancing has passed.â

Clays for a Cause is a sporting clays event produced and underwritten as a charitable fundraiser by Kentucky Farm Bureau Mutual Insurance Company. Every dollar raised from the event through sponsorships, donations and participant entry fees is given to a charity or cause designated by KFB.

Recommended Reading: Can You Borrow Money From Your Life Insurance Plan

More articles

Popular Articles