How Much Is Car Insurance in Kentucky? (September 2024)

In Kentucky, drivers pay an average of $1,295 each year for full coverage car insurance. On the other hand, minimum coverage costs about $583 annually. Finding an affordable plan depends on several factors. Your car insurance premium can change based on your age, the level of coverage you choose, where you live, your driving history and your credit history.

Kentucky's average full coverage car insurance cost is approximately $1,295 annually. Recognizing your state's average car insurance cost can help determine if you're receiving a fair quote. Start comparing car insurance quotes today to save.

Here's what to expect for auto insurance costs in Kentucky. These numbers show what you might pay monthly for minimum or full coverage and yearly for full coverage.

Car insurance in Kentucky falls in a moderate price range. When comparing Kentucky's average annual full coverage premium of $1,295 with a $1,000 deductible to the national average cost of car insurance for full coverage, which is $1,330 per year, Kentucky's rates are slightly lower. Likewise, for minimum coverage, Kentucky's average annual cost of $583 is below the national average of $615 per year. Costs in Kentucky are influenced by factors such as the number of uninsured drivers, average traffic congestion levels, vehicle repair costs, state insurance laws and the level of competition among insurance providers.

Car insurance premiums can differ widely from one company to another, even within the same state. In Kentucky, Auto-Owners Insurance Co offers the cheapest full coverage at an average annual rate of $876, while Westfield has the most expensive average premium, costing drivers $1,849 annually.

Understanding the variety of prices is why comparing car insurance quotes is essential. By reviewing options from different companies, drivers can find the cheapest car insurance in Kentucky that matches their budget and needs.

The cost of car insurance in Kentucky is also swayed by the coverage level you opt for. For instance, the average monthly cost for minimum coverage is approximately $49, whereas full coverage with a $1,000 deductible is closer to $108. Despite the higher price, securing a full coverage policy is recommended for its comprehensive financial protection in a myriad of accident and damage scenarios.

For those considering full coverage insurance, be mindful that while adding comprehensive and collision coverage increases your premium, you can offset this expense by selecting a higher deductible. Remember, the deductible you choose applies individually to both comprehensive and collision coverages, allowing for adaptability in managing your insurance costs.

In Kentucky, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 per accident, $25,000 for property damage liability per accident and personal injury protection (PIP) of $10,000.

Your location can greatly influence car insurance premiums. Comparing Kentucky's cities, Lexington-Fayette's full coverage costs around $934 per year, while Louisville/Jefferson's is about $1,281.

Car insurance premiums in Kentucky hinge on factors like your driving history, the type of car you drive and the level of coverage you choose. Other considerations include your age, credit history and the area's accident rates.

Age significantly influences car insurance premiums in Kentucky. Young drivers, especially those aged 22 to 29, often pay higher rates, with an average annual premium of $1,574. As motorists age and gain experience, the premiums tend to decrease progressively, making policies more affordable for mature and experienced drivers, with individuals aged 30 to 59 paying around $1,295 annually. The trend continues, with those over 60 enjoying the lowest average costs at approximately $1,224 annually. This decline reflects insurers' assessment that risk decreases with age and experience.

In Kentucky, age and gender are significant factors in determining car insurance rates. For instance, 16-year-old male drivers added to a family policy typically face an average annual cost of $2,985, the highest premium among all age groups. Teens under 18 often cannot legally purchase their own car insurance without a guardian co-signer. An individual policy for these young males would run about $6,149 annually.

The average annual cost of full coverage car insurance for a 2012 car model is $922, while the cost soars to $1,105 for a 2022 model. Newer car models' higher actual cash value and potential for pricier repairs or increased risk of theft contribute to steeper insurance premiums. For those driving newer vehicles, experts suggest opting for comprehensive and collision coverage, which also protects against theft, vandalism and accidents, providing broader financial protection.

In Kentucky, the average cost of car insurance varies significantly depending on a driver's record.

• With a ticket: $1,544 per year; $129 per month
• With an at-fault accident: $1,936 per year; $161 per month
• With a DUI: $2,436 per year; $203 per month

A driving violation can raise your insurance rates. The more severe the offense, the higher the premium you can expect to pay. This increased cost will continue to impact your insurance expenses as long as the violation remains on your record, which can vary by state.

For instance, in Kentucky, a DUI can stay on your driving record for five years, affecting your insurance costs throughout that time. The specifics of how long other violations affect your insurance can differ. Violations such as speeding tickets, at-fault accidents and DUIs are costly; sometimes, other violations can impact your rate due to different insurers' policies in the state. The table below shows the average costs in Kentucky for each type of driving record.

Kentucky drivers see variations in car insurance costs depending on their credit score, with average annual premiums ranging from $820 for those with excellent credit to $1,674 for drivers with poor credit. Your credit score affects car insurance rates in Kentucky.

Discover the key factors influencing your car insurance rates in Kentucky, which are essential for any driver seeking affordable and appropriate coverage.

• Driving Record: A clean record can lead to lower premiums, while tickets and accidents typically increase the cost of your car insurance in Kentucky.
• Credit Score: Kentucky drivers with higher credit scores may receive more favorable rates, as insurers associate these scores with responsible financial and driving behavior.
• Age and Gender: Young drivers, especially males, may face higher rates due to a perceived risk of inexperience, whereas mature drivers often enjoy reduced rates.
• Vehicle Type: The make and model of your vehicle affect your premium, with sports cars generally costing more to insure than family-oriented models.
• Coverage Type: Choosing comprehensive insurance or collision insurance will impact your rates differently than state minimum coverage.
• Location: Living in areas with high traffic congestion or theft rates can lead to increased insurance costs in Kentucky.
• Insurance History: A continuous insurance history without lapses can contribute to lower car insurance rates, showing insurers reliability and consistent coverage.

Finding the right balance between coverage and cost is crucial when finding the best car insurance that suits your needs in Kentucky.

Understanding the average cost of car insurance in Kentucky is essential for ensuring you're getting a fair deal. Many factors contribute to these costs, including your driving record, vehicle type, coverage level and more.

Find answers to questions you may have about what impacts the average cost of car insurance in Kentucky and how you can find affordable rates.