Shop Around To Get Cheap Insurance
No matter what company you’re currently getting auto insurance from, remember that it’s important to shop around and compare quotes from multiple companies. Prices and offers change over time, and you may be able to save by switching to another insurer.
Be sure to take advantage of potential discounts. Many insurers offer car insurance discounts for things like bundling other types of insurance with your auto policy or going years without filing a claim.
How Much Does Car Insurance Cost In Kentucky
Kentuckys annual rates of $748 for minimum insurance and $2,128 for full coverage are higher than the average national cost of car insurance which is $565 for minimum coverage per year and $1,674 for full coverage per year.
When shopping around, you may find that your quotes beat or surpass the average. Your states insurance requirements can affect the cost of coverage but there are other factors that can save or cost you more. They are:
- Insurance company: Some insurers, such as Geico and Progressive, are known for offering cheap car insurance.
- Gender: Women typically pay less for coverage than men based on accident statistics.
- Age: Younger drivers face the highest vehicle insurance rates, typically due to their inexperience.
- Driving history: Safe drivers with no speeding tickets or accidents in the last few years will find the cheapest car insurance in Kentucky.
- City: Larger cities typically have more expensive rates due to population, claim statistics and accident rates.
Take a closer look at how these factors can change your monthly premiums.
How To Get The Cheapest Car Insurance In Kentucky
No matter your credit history, age, driving record, or ZIP code, the most important thing to take away is that you dont want to be an uninsured motorist. Seeing monthly rates can feel daunting, especially if youre on a budget. But its still possible to get quality coverage you can afford.
Finding car insurance quotes and comparing them online is the best way to save on your auto insurance policy. Our tools make it easy for drivers to shop around and compare rates in a matter of minutes. In just a few clicks and completely for free, we do all of the work to help you find a cheap, good-quality auto insurance policy.
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Cheapest Full Coverage Car Insurance In Kentucky For 60
Drivers in Kentucky with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:
Kentucky Farm Bureau: $1,455 per year, or about $121 per month.
Grange: $1,538 per year, or about $128 per month.
State Farm: $1,617 per year, or about $135 per month.
State Auto: $1,623 per year, or about $135 per month.
Geico: $1,702 per year, or about $142 per month.
Which Car Insurance Discounts Available In Kentucky
As per a study by Neighbourhoodscout Louisville has 83 percent more cases of car theft than any other city in the USA. This is one of the major reasons why car insurance is so expensive in Kentucky. There are several ways to save money on car insurance in Kentucky.
The best way to get affordable car insurance rates is by asking for discounts. Here are Four Types of Auto Insurance Discounts for Kentucky drivers:
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Kentucky Car Insurance Rates By Company
Car insurance rates in Kentucky can vary greatly between carriers. Bankrates study of the cheapest car insurance in Kentucky found that Westfield Insurances premiums are nearly six times less than the most expensive carrier for minimum coverage. That is why it is essential to obtain and compare car insurance quotes from several top car insurance carriers to ensure you are getting the best rate.
|Car insurance company|
Is Affordable Car Insurance Different Based On City
While there are many factors that help determine your car insurance rates, it’s important to know that the area you live in affects your rates. The cheapest area in Kentucky for car insurance on average is the city of Owensboro.
In the table below, you can see the top ten cheapest areas in Kentucky for car insurance based on average rates for a single adult.
These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. This is a representation of the average cost. Exact costs will vary by individual.
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What Is The Average Cost Of Car Insurance In Kentucky
The average cost of car insurance in Kentucky is $1,848 per year according to thezebra.com.2 Thats 24.2% higher than the national average. Of course, your auto insurance cost will depend on many different factors including your age, where you live and your driving history.
Some people get the bare minimum coverage, while others prefer the comfort and security of more protection. Liberty Mutual customizes your Kentucky auto insurance, so you only pay for what you need.
What Is The Cheapest Car Insurance Company For Full Coverage In Kentucky
Through our comparison shopping study, the cheapest insurers providing the best full coverage auto insurance policy for Kentucky drivers are State Farm and Kentucky Farm Bureau.
State Farm provides average rates at $1,593 annually or $133 per month. Farm Bureau provides quotes at $1,655 per year, which is 11% cheaper than the average premium of $1,850.
According to the Insurance Information Institute , a drivers age significantly differs in the annual premium cost. For 20-year-old drivers, GEICOs cheapest rate is $2,988, while for 40-year-olds, the highest rates from Grange Insurance are still less expensive, at $1,570 per year.
|Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith.|
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Car Insurance Discounts In Kentucky
High-risk auto insurance in Kentucky will not be cheap, as premiums for high-risk policies in the state average $2,969 per year. That’s about 48% more than the average cost of car insurance in Kentucky overall. Nevertheless, high-risk drivers in Kentucky should still be able to find suitable car insurance options after comparison shopping.
Drivers defined as high-risk typically have a history of serious driving violations and face higher rates because they are statistically more likely to cost insurers more than the average driver. For this reason, many insurance companies won’t even sell coverage to high-risk drivers. However, other insurers specialize in high-risk coverage, so drivers with a checkered record have options.
The best high-risk auto insurance companies in Kentucky are State Farm, Progressive, Geico because they are financially strong and have few customer complaints. Deficiencies in either area could be a sign you’ll have a hard time getting payouts if you need to file a claim. Some of the most common complaints about car insurance companies concern denials, low settlements, and delays in processing claims. These companies also tend to be among the most affordable in Kentucky for high-risk drivers, but you should always shop around to compare rates.
Pro Tip: Look for an insurer with at least an A grade for financial stability and a complaint score close to or below the national median of 1.
How To Find The Best Car Insurance In Kentucky
Working with a qualified insurance agent may be beneficial if you are unsure how much coverage you require or what policy types to obtain. An agent may be able to recommend coverages and levels of coverage that are appropriate for your circumstance.
Kentucky is also one of the worst states to drive in the snow and rain, which are pretty regular weather patterns. It is not uncommon to be involved in a traffic collision in Kentucky, regardless of your driving habits. As a result, having adequate insurance coverage is a must. Higher auto insurance rates result from the increased danger of an accident, so Kentucky is also more expensive than the rest of the country.
If you are looking for cheap car Insurance quotes in Kentucky, dont worry. Way.com analysts and the editorial team have compiled the list of best auto insurance in Kentucky that will provide you with cheap auto insurance quotes in Kentucky.
However, finding low-cost auto insurance in Kentucky is not impossible. To assist you in your insurance purchasing, way.com analyzed the market share of some of the state’s largest insurers to see which ones offer the lowest auto insurance in Kentucky.
We incorporate up-to-date quoted premiums and insurance carrier reviews in our analysis to speed your study because we keep a close eye on the insurance market.
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How Much Coverage Do You Need In Kentucky
Insurance experts generally recommend coverage of $100,000/$300,000 for bodily injury liability. You should also consider comprehensive and collision coverage. Comprehensive covers damage caused by events other than a traffic collision, such as inclement weather. Collision coverage will pay to fix your vehicle if its involved in an accident. Speak with an insurance professional to determine if you need these coverages for your vehicle.
Who Offers The Cheapest Car Insurance Rates For Married Couples In Kentucky
GEICO offers the cheapest car insurance rates for married couples in Kentucky on average out of the five largest insurers in the state. You’ll still be provided coverage per person even if you have your insurance bundled together.
The table below displays Kentucky car insurance rates for a married couple with two cars on a policy from the five largest companies in the state.
|State Farm Insurance Company||$2,241|
These rates are based on a 35-year-old married couple with two drivers and two vehicles on a policy. The cars used were two 2015 Toyota Highlander LEs. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had a clean driving record with one driving incident within the past three years, and they both had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in Kentucky will differ. Rate data is provided by Quadrant Information Services.
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Car Insurance Companies In Louisville
The 10 largest insurers in Kentucky make up nearly three-quarters of the number of premiums written in the state. State Farm, Kentucky Farm Bureau and Progressive, the three largest insurance companies in Louisville, account for almost half of the direct premiums written.
Being insured under a large company has its perks. For example, insurers like Geico or Travelers tend to have a larger offering of discounts and policies compared to smaller companies. However, drivers insured under small groups typically have a more personalized insurance experience.
|Rank||Percentage of direct premiums written|
*USAA is only available to current and former military members and their families.
Top Reasons Car Insurance Is Expensive In Kentucky
- People in Kentucky are driving more. As a result, the number of accidents, claims, and payouts is rising, too. For example, there were approximately 667 fatal crashes in 2019 in Kentucky, versus 612 fatal crashes in 2014.
- Auto repairs are getting more expensive. Vehicles today cost more to repair due to the added technology and features. For example, a National Association of Insurance Commissioners study found that the average cost of vehicle repairs was around 8% higher in 2018 than it was in 2014.
- People in Kentucky drive uninsured. As the cost of car insurance continues to rise, more drivers take the risk of driving without car insurance. In 2019, 14% of drivers lacked even minimum liability insurance in Kentucky. The cost of uninsured drivers is passed on to consumers through higher premiums.
- Healthcare in Kentucky is getting more expensive. Car insurance companies are hit hardest when paying out claims involving medical bills, and it’s not getting any cheaper. Healthcare spending increases by an average of 2% every year in Kentucky.
- Kentucky is experiencing more severe weather. In Kentucky, weather events like severe storms, serious winter weather, and droughts are becoming increasingly common. These weather events cause insurers to pay out a higher number of claims, which tend to be more expensive and less predictable. As a result, they have to raise rates to keep pace.
However, there could be other issues elevating your rates.
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Cheapest Full Coverage Car Insurance In Kentucky
A full coverage policy with higher liability limits and comprehensive and collision insurance will protect you against most road and off-road accidents in Kentucky. It costs more than a minimum coverage policy, but it will protect you against the cost of damages to your own vehicle. To find the best policy for your needs, compare quotes from various insurers.
The two most affordable auto insurance providers in Kentucky for comprehensive and collision coverage are:
- State Farm: $872 per year
- GEICO: $874 per year
At an average of $785 per year, USAA is the most affordable option for current and former military members. The most expensive full coverage car insurance policy in Kentucky is from MetLife. Their average annual premium is $2,212.
Cheapest Full Coverage Car Insurance in Kentucky
These prices are based on average rates for a comprehensive and collision insurance policy that covers up to $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident. Individual premiums will vary and may be different from the averages shown.
Kentucky Uninsured Motorist Notice
On June 1, 2012, Kentucky began a statewide enforcement program which compares the Vehicle Identification Number reported by insurance companies against the state’s vehicle registration database. If these do not match, the state sends an “Uninsured Motorist Notice” that asks the vehicle owner to verify insurance coverage. The owner has 30 days to prove there has not been a lapse of coverage or to present proof of current insurance.
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Cheapest Car Insurance For Married Drivers: State Farm
The cheapest insurance for married drivers is State Farm, with an average annual cost of $1,334 for a full-coverage policy. State Farm offers the same quotes to both married and unmarried drivers, but it is still the most affordable option. Progressive gives married drivers a 12% discount, the highest in the state.
In general, drivers who are married pay a bit less for car insurance than single drivers â we found the average savings in Kentucky to be about 6%.
*USAA is only available to current and former military members and their families.
In general, younger drivers pay much more than older drivers for car insurance because they are more likely to file claims. In Kentucky, an 18-year-old driver with a clean record pays an average $3,162 for minimum coverage and $7,135 for full coverage.
Young drivers can often get a lower price on their insurance by sharing a policy with an older driver, such as a parent or relative. Typically, the cost to add an 18-year-old to an existing policy is much cheaper than buying separate policies.
Cheapest Car Insurance In Kentucky
The cheapest car insurance companies in Kentucky: USAA, $75 a month Kentucky Farm Bureau, $94 and Allstate, $105.
Tuesday, June 28 2022By Aaron Besson
USAA, Kentucky Farm Bureau and Allstate have the cheapest auto insurance rates in Kentucky, according to our research. USAA has an average minimum-coverage rate of $75 a month and a full-coverage rate of $153 a month. Kentucky Farm Bureau has the next-lowest average rate of $94 a month for minimum-coverage insurance and $175 a month for full coverage.
Keep in mind that USAA only sells auto insurance to current and veteran military members, as well as their families. For non-military, Kentucky Farm Bureau is the cheapest option.
In this article
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How Kentucky Drivers Measure Up
While most drivers know that car insurance quotes are determined in part by your personal driving history, many may be unaware that rates are also impacted by the average risk of the drivers around you as well. Check out Insurify’s latest analysis of driving records in Kentucky below:
Drawing from an internal database of over 4 million car insurance applications, the research team at Insurify analyzes patterns in car ownership and driver behavior – including how Kentucky drivers measure up to their fellow motorists across the United States in areas including speeding, DUIs, and more. Insurify Insights publishes data-driven articles, trend analyses, and national rankings each week on all factors related to cars and those who drive them.
Ford F-Series Pickup
Most Popular Car in Kentucky
State with the Most Speeding Tickets Rank
State with the Moving Violations Rank
State with the Most DUIs Rank
State with the most Suspended Licenses
- Accidents in Kentucky
While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Kentucky is the #43 state in the country for drivers with an at-fault accident on their driving record.
- Rank among states: #43