Cheapest Car Insurance Rates in 2023

Best Car Insurance Companies in Kentucky

• State Farm
• Progressive
• Geico
• Nationwide
• Allstate
• USAA

Auto Insurance Statistics in Kentucky

Research done by NAIC.org indicates that the auto insurance premiums in Kentucky seem to be rising steadily.

Top 10 Cheapest Car Insurance Companies in Kentucky

Drunk Driving Fatalities

Drunk driving is an unfortunate reality in the United States. Examining the statistics regarding drunk driving in Kentucky can provide insight into the level of risk involved in driving locally.

The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Kentucky vs. nationwide.

Drunk driving fatalities in Kentucky from 2013 to 2017

Teen Drinking and Driving

Teen drinking and driving in Kentucky is one of the concerns that drivers have to be aware of. Thankfully the rate of teen drinking and driving in the state is significantly lower than the national average. The below statistics represent the percentage of Kentucky drivers that are teenagers who are drinking and driving when compared with national averages.

Teen Drinking & Driving in Kentucky vs. Nationwide (2017)

SR-22 Insurance in Kentucky

Kentucky is one of the seven states in the US that does not require a SR-22 from drivers that are returning to driving. Still, you will need to have an insurance policy to drive. It's always a good idea to shop around for different rates — if you have committed an offence, it can make it much more expensive to get a decent policy.

Regardless, it's important to stay up to date with the most recent regulations and laws in Kentucky. You should contact the driving authorities if you're confused about your driving status or the type of insurance you need to purchase to begin driving again.

Car Theft in Kentucky

Car theft in Kentucky is significantly lower than the reported national averages. However, car thefts still take place which requires that motorists carry some type of vehicular insurance to protect themselves. The below data shows how Kentucky ranks against other states nationwide in the number of car thefts.

Vehicle thefts by rank nationwide vs. Kentucky

Uninsured Motorists in Kentucky

When buying insurance, it is suggested to consider obtaining uninsured and underinsured motorist coverage. If a car accident takes place where the other driver doesn’t have insurance, you will need to carry the costs unless you have this type of coverage in place. The below data shows how well Kentucky ranks in the total number of reported uninsured motorists in the state in the year 2015.

Percentage of uninsured drivers (Top States in 2015)

Start With these Companies

There are dozens of insurance agencies in various Kentucky cities including Louisville that you can choose from, but there are only a few that consistently come in with the lowest prices possible for consumers.

• The Cincinnati
• Progressive
• Grange Mutual
• Kentucky Farm Bureau
• Geico

Historically, these cities offer far lower rates than others, which means you have a better chance of finding a more affordable policy when you look at one of them. It’s not a guarantee your rate will be lower, but you have a better chance of finding a cheaper policy here.

Know What Factors Determine Your Rates

Before you begin asking for discounts and searching for a new policy, you must become familiar with the many factors top auto insurance companies use to determine your rates and eligibility for their insurance. For many, the idea is simple. These factors determine how likely you are to become engaged in an accident, to become the victim of theft, and how risky you are as an insured driver.

• Your credit score
• Your driving history
• Your home address
• Where you work and what you do
• Your car

Your credit score provides insurance agencies with a good idea of what kind of repayment patterns you have. It doesn’t tell the entire story, and it won’t cause you to be denied a policy. However, it does tell a story of how responsible you are with your finances. Insurance agencies use this to gauge how responsible you are as a whole, even if it’s not the entire picture and doesn’t tell the whole story. Your driving record is important because it shows insurance agencies how good or bad of a driver you are, so they know if they can offer you discounts or if they need to charge you more for your poor driving habits.

Where you live also matters. Living in Louisville may be different for people living in other cities. This is because many people who live in low economic regions are more likely to experience a theft. It also means most people in the same area are uninsured. You’ll pay more for insurance to make up for their lack of insurance, which is not always fair but it’s what insurance companies require of drivers. Your job also makes a difference in your premium. If you work a job that keeps you on the road often, that is risky to you, or that’s far from your home, you’ll pay more for insurance.

Finally, the type of car you drive is what makes a big difference in the rates you pay. Cars that are larger are typically safer, but cars with large engines are more dangerous. Newer cars have more safety features, and they cost less to repair.

Asking for Discounts

If you have good credit and a positive driving history, it’s a good idea to compare rates with at least three different Kentucky insurance companies. You can call your own insurance company and ask for a discount for being such a good customer for so long. Let them know you joined a professional organization with a discount program, or that you are looking around and then you compare rates. If you can get a better rate by bundling all of your insurance needs, try that. There’s so much you can do to get a better rate than the one you’re paying now, you just have to know where to look and how to ask for a better rate.

Types of Auto Insurance Coverage in Kentucky:

• Comprehensive Insurance Coverage
• Bodily Injury Liability Insurance
• Uninsured/Underinsured Motorist Bodily Injury Insurance
• Uninsured Motorist Property Damage Insurance
• Property Damage Liability Insurance

Minimum Requirements For Car Insurance in Kentucky

There are minimum requirements for car insurance in the state of Kentucky. According to the Kentucky Department of Insurance, it is mandatory to have at least liability coverage as well as no-fault personal injury protection.

Liability Coverage minimums for the state of Kentucky:

$10,000 for property damage.
$25,000 per single bodily injury or death

$50,000 per multiple bodily injury or deaths

Personal Injury Protection (PIP or No-Fault)

$10,000 for lost wages, medical expenses, and replacement services for accidents involving injuries.

Source: Kentucky Department of Insurance

Cheap Auto Insurance Discounts

If you want to save even more on the price you pay for car insurance, it is recommended to get auto insurance discounts. Auto insurance discounts can reduce the amount that you have to pay each month for car insurance. At CheapAutoInsurance.co, our goal is to help you save as much as you can on your auto insurance rates. Browse the list below to see if any of the discounts apply to your situation.

• Anti-theft discount
• Mature driver discount
• Military or Veteran discount
• Bundling insurance policies discount
• Senior citizen discount
• Car safety features discount
• Good student discount
• Defensive driving discount
• Low-mileage discount
• Multi-car auto insurance discount
• Infrequent usage discount

FAQ

General Kentucky Car Insurance

This section answers the general questions you need to know to understand car insurance in Kentucky. Use this section to form a solid foundation for understanding car insurance.

Kentucky Car Insurance Laws

We’ll cover your questions about Kentucky insurance laws in this section.

Kentucky Car Insurance Prices

This section answers the questions you have about Kentucky car insurance prices.

Kentucky Farm Bureau Questions

Kentucky Farm Bureau is one of the most popular insurance providers in the state. This section answers questions about their services.

Kentucky Car Insurance Claims and Coverage

This section covers questions you have about how car insurance claims and coverage work in Kentucky.

Other Kentucky Auto Insurance Questions

We’ll cover questions that don’t fit into our other sections here.