Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Kentucky: Best Companies & Quotes
Personal Finance Expert
Tyron Jones is a finance expert who has operated within the auto insurance business for more than 10 years. He has written many other finance related articles for a number of prominent publications.
Best Car Insurance Companies in Kentucky
- State Farm
|AM Best Financial Strength Rating||A++||A+||A++||A++||A+||A++|
|JD Power 2019 Overall Customer Satisfaction score||3/5||3/5||4/5||3/5||4/5||5/5|
|Avg Annual Premium||$621||$1,607||$1,610||$1,766||$2,346||$718|
|Consumer Reports Reader Score||78||75||78||N/A||72||92|
|BBB Rating||A+||A+||A+||A+||A+||Not Rated|
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
|Rank||Company Name||Avg. Annual Premium|
|1||Kentucky Farm Bureau||$1,158|
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
- Grange Mutual
- Kentucky Farm Bureau
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
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.
What are the different roles of insurance in Kentucky auto accidents?
What is medical expense coverage Kentucky auto insurance?
What are the auto insurance companies in Kentucky?
- Kentucky Farm Bureau
- State Farm
- State Farm
- Shelter Insurance
- Erie Auto Insurance
How to take out a new car insurance policy in Kentucky?
How to pay car insurance Kentucky?
How to obtain auto body insurance in Kentucky?
Kentucky Car Insurance Laws
We’ll cover your questions about Kentucky insurance laws in this section.
What are the requirements for full coverage auto insurance in Kentucky?
What is considered full coverage auto insurance in Kentucky?
What coverage do I need for Kentucky car insurance?
In Kentucky, how long do I have to get high risk car insurance?
What is the lowest car insurance coverage I can get in Kentucky?
Does Kentucky have anything where someone with no insurance gets their tags removed from the car?
What kind of violation is no car insurance considered in Kentucky?
In Kentucky law, when does first DUI fall off traffic record for auto insurance?
What is the penalty for not having car insurance in Kentucky?
What happens if you don't have car insurance in Kentucky?
What are the insurance laws when buying a used car in Kentucky?
How long do I have to get insurance on a used motorcycle?
Kentucky Car Insurance Prices
This section answers the questions you have about Kentucky car insurance prices.
Why did my Kentucky state auto insurance premium increase for 2018?
Why is Kentucky car insurance so expensive?
How expensive is car insurance Kentucky?
How much for car insurance rates Kentucky basic only?
What is the cheapest Kentucky car insurance?
What cheapest car insurance in Kentucky with DUI?
What is the best auto insurance in Kentucky for senior citizens?
How much does car insurance go up after a DUI in Kentucky?
How much does typical car insurance cost in Kentucky?
In Kentucky what is the surcharge on car insurance premiums?
How much is car insurance for an 18-year-old female in Kentucky?
How much should liability car insurance cost in Kentucky?
How much does one auto accident raise your insurance in Kentucky?
Which is the best auto insurance bundles for Kentucky?
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.
Is Kentucky Farm Bureau a good car insurance company?
How do I transfer insurance to my new car with Kentucky Farm Bureau?
What types of auto insurance discounts does Kentucky Farm Bureau have?
- Good Student Discount
- Driver’s Training Discount
- Safe Driver Discount
- Defensive Driving Course Discounts
- Auto Safety Device Discounts
- Multi-vehicle discount
- Active property discount
- School bus driver discount
- Umbrella discount
Also check out car insurance for military members if you and your family qualify.
How do I transfer my Kentucky Farm Bureau insurance from my old car to my new car?
Kentucky Car Insurance Claims and Coverage
This section covers questions you have about how car insurance claims and coverage work in Kentucky.
How long do you have to report a car accident to your insurance in Kentucky?
What does liability auto insurance cover in Kentucky?
How long do you have to claim damages on car insurance in Kentucky?
How does no fault auto insurance work Kentucky when damage is to my car?
In Kentucky, who is liable for a car without insurance?
How are auto insurance claim disputes handled in Kentucky?
What happens if you get into a car accident your fault without insurance in Kentucky?
How do I file an auto accident claim with State Farm insurance in Kentucky?
How long can car insurance see your accident in Kentucky?
Other Kentucky Auto Insurance Questions
We’ll cover questions that don’t fit into our other sections here.