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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 03, 2022 Find cheaper car insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Get my free quotes Select from a variety of trusted carriers + MORE How it works Caret Down Get matched with personalized offers Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate. Choose the best policy for you Compare your options from carriers who want to work with you, and select as many offers as you'd like. Finalize your rate and policy details Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That's it! On This Page
Bankrate analyzed the largest car insurance companies by market share in Kentucky to help you find . The average cost of car insurance in Kentucky is $658 per year for minimum coverage and $1,954 annually for full coverage. Based on our research, USAA has the cheapest annual premium for minimum coverage at $347 per year. Following closely behind in second place is Kentucky Farm Bureau , with an average annual minimum coverage premium of $374. Though minimum coverage often offers the cheapest price, the low coverage limits are not for everyone. If you're looking for more coverage, you may want to shop for . State Farm topped our list of cheap Kentucky car insurance companies offering full coverage, with an average premium of $1,363 per year. USAA offers the second cheapest average annual price for full coverage at $1,430 per year. See More The cheapest car insurance companies in Kentucky
Bankrate's insurance editorial team searched for the cheapest car insurance companies in Kentucky by obtaining average rates from . While price is likely the most important factor for policyholders looking for cheap coverage, we also wanted to ensure that the carriers that we feature offer quality policies. To achieve that, we took coverage offerings, discounts, policy features and third-party ratings from and scores from into consideration as well. Based on our findings, the following carriers offer not only low average prices but also robust policy options, high customer service ratings and strong historical financial strength. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. The cheapest companies for minimum coverage in Kentucky
Minimum coverage means that you purchase just the to drive legally. While this means that you could pay among the lowest Kentucky insurance rates, it also means that you will have relatively low policy limits. Insurance professionals recommend buying higher limits or even full coverage for more financial protection. If you are interested in minimum coverage, though, these are the cheapest companies based on our investigation: CAR INSURANCE COMPANY AVERAGE ANNUAL MINIMUM COVERAGE PREMIUM AVERAGE MONTHLY MINIMUM COVERAGE PREMIUM $347 $29 $374 $31 $37 $31 $395 $33 $411 $34 The cheapest companies for full coverage in Kentucky
means you add comprehensive coverage and collision coverage to your policy. These two coverage types provide financial protection for damage to your vehicle. If you have a loan or lease, your financial institution likely requires you to carry full coverage. Even if you own your car outright, a full coverage policy can be a good idea if you don't have the funds available to repair or replace your car out of pocket. CAR INSURANCE COMPANY AVERAGE ANNUAL FULL COVERAGE PREMIUM AVERAGE MONTHLY FULL COVERAGE PREMIUM $1,363 $114 $1,430 $119 $1,499 $125 $1,620 $135 $1,682 $140 Events that can impact your cheap rates in Kentucky
Life events often mean your insurance coverage will change, which can lead to an increase in your premium. You may want to consider or at least shopping around if you've experienced one of the following events: : Teen drivers often pay higher rates due to their inexperience driving and high accident frequency. However, premiums for teens usually decrease as they gain experience, assuming they can keep a clean driving record. You may also be able to take advantage of special teen discounts to save money. : Insurance companies view speeding tickets convictions as an indication of risky driving behavior. Speeding can lead to more accidents and more severe accidents. As a result, your premium will likely be surcharged for three to five years. : Like speeding, at-fault accidents can indicate that you may be more likely to cause accidents in the future. Because insurance rates are based on risk, this makes you a riskier driver to insure. Most companies increase rates for at-fault losses for three to five years. Deemed a high-risk driver: Not every driver with a few incidents on their driving record will be deemed high-risk. If you have a , several accidents, a few tickets or a combination of driving infractions, though, you could be considered a high-risk driver. This could limit your insurance company options, but you may be able to shop around to find a cheap car insurance policy. Cheapest cities in Kentucky for minimum coverage
The varies depending on where in the state you live. Different cities and ZIP codes may have different crash statistics, medical care costs or traffic levels (which could impact collision probability). While moving just to achieve the cheapest car insurance isn't very practical, if you're already considering a move, you may want to account for your area's average cost for coverage. If you're looking for minimum coverage, these are the four cheapest cities in the Bluegrass State based on our research: City AVERAGE ANNUAL MINIMUM COVERAGE PREMIUM AVERAGE MONTHLY MINIMUM COVERAGE PREMIUM Owensboro $471 $39 Philpot $482 $40 Whitesville $482 $40 Maceo $483 $40 Cheapest cities in Kentucky for full coverage
All the factors that affect minimum coverage premiums also affect full coverage premiums. Additionally, the cost of parts and labor to repair your car could impact the price you pay for your optional comprehensive coverage and collision coverage. The following four cities have the cheapest average annual full coverage premiums, according to our analysis: City AVERAGE ANNUAL FULL COVERAGE PREMIUM AVERAGE MONTHLY FULL COVERAGE PREMIUM Fort Thomas $1,514 $126 Owensboro $1,515 $126 Dayton $1,548 $129 Erlanger $1,560 $130 Minimum coverage requirements for Kentucky drivers
require that drivers must carry at least minimum levels of some car insurance coverage types to drive legally. The mandatory in Kentucky are: $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $25,000 property damage liability per accident Kentucky car insurance companies must also offer each driver uninsured and underinsured motorist coverage, but these options can be declined in writing. Kentucky is also a . Personal injury protection (PIP) must also be offered but can be declined. However, if you decline PIP, guest personal injury protection still applies to your policy. can result in fines and license suspension, but it could also result in significant out-of-pocket expenses to cover unexpected accidents. Most insurance professionals recommend that you buy higher limits than the state minimums or even full coverage to get more financial protection. Remember, if you have a loan or lease on your vehicle, full coverage will likely be required. Here is how to find and keep cheap car insurance in Kentucky
Finding a cheap insurance provider is important to many drivers. With dozens of carriers on the market, you can take some steps to find the lowest-priced policy for your situation. Once you've found the cheapest car insurance policy for you, though, you'll need to take some additional steps to maintain your low rates. Know your coverage needs: Each driver has unique coverage needs and should be aware of the coverage types that would benefit them and which might not. Paying for coverage you don't need can increase your insurance costs. For instance, if you have access to another car, you might not need to pay for rental reimbursement on your policy. Shop at renewals: When your policy comes up for renewal, consider getting multiple quotes to compare to your current carrier. This is one of the easiest ways to verify you are paying the most affordable rates in your Kentucky city based on your driving record and household profile. Frequently asked questions
The will vary for everyone. It is generally good practice to research all available providers and then compare quotes and available discounts. If you are unsure about your options, consider speaking with a licensed insurance agent.
Several insurance companies in Kentucky offer competitive rates and a variety of discounts. However, insurance rates are personalized and coverage needs differ from one person to another. could help you determine the cheapest Kentucky auto insurance for you with the coverage you need.
The in the U.S. is $1,771 per year for full coverage and $545 per year for minimum coverage. Kentucky is one of the more expensive states in the country, costing $1,954 annually for full coverage or $658 annually if you opt for minimum coverage.
Yes, a credit-based insurance score is a rating factor that is allowed by the state of Kentucky. Drivers with poor credit tend to pay higher rates due to a statistically increased risk of filing claims. Remember that car insurance rates are based on risk. If you are more likely to file a claim, and thus cause the insurance company to make a claim payout, you'll likely pay more for coverage. Raising your credit score could be a good long-term strategy to lower your premium. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverages that meet each state's requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Compare rates and save on auto insurance today! Get quotes Close X Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.