Compare the Cheapest Car Insurance Quotes in Louisville, KY

In Louisville, car insurance costs an average of $1,610 annually, which is higher than the state average by $205. The cheapest widely available insurer is State Farm, costing $969 per year.

MoneyGeek ranked the cheapest insurers across several coverage levels and driver profiles to help you find quality service and affordable coverage.

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Last Updated: 5/16/2022
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State Farm is Louisville’s cheapest car insurance provider of full coverage and state minimum policies and for drivers with a speeding ticket, but more affordable options are available depending on your preferred coverage and profile. For military personnel and their family members, USAA presents the cheapest option on average. Erie is MoneyGeek’s best-rated car insurance company in Louisville, as it balances both customer service and cost.

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The Cheapest and Best Car Insurance in Louisville

The Cheapest Car Insurance Companies in Louisville

A full coverage car insurance policy offers you financial protection in most circumstances, as it includes liability, comprehensive and collision coverages.

MoneyGeek’s study shows these companies offer the cheapest full coverage insurance policies for an average driver in Louisville:

  • State Farm: $969 per year
  • GEICO: $1,079 per year

Members of the military and their families may be eligible for insurance through USAA and enjoy a more affordable rate at $845 annually. It’s $1,682 less expensive than the city’s most expensive provider, MetLife.

Cheapest Car Insurance in Louisville
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    USAA
    $845
  • 2.
    State Farm
    $969
  • 3.
    GEICO
    $1,079
  • 4.
    Kentucky Farm Bureau
    $1,122
  • 5.
    Allstate
    $1,364
  • 6.
    Travelers
    $1,453
  • 7.
    Progressive
    $1,931
  • 8.
    Nationwide
    $2,436
  • 9.
    MetLife
    $2,527

The auto insurance premiums in this guide are based on a 40-year-old male driver in Louisville with a full coverage policy, as set out in MoneyGeek’s methodology.

Full coverage car insurance offers broad financial protections for a driver. Aside from the state’s required coverages, it includes comprehensive and collision coverages. Because of its increased protection, it is much more expensive than a minimum coverage policy.

  • Comprehensive Coverage: Pays for damage not caused by a collision, such as weather-related events like hail and falling objects. It also covers loss due to theft.
  • Collision Coverage: Pays for the cost of vehicle repair if you’re in an accident.

A full coverage insurance policy can be more expensive than your car’s total replacement value, especially if it’s an older vehicle. If that’s the case for you, buying liability-only or state minimum insurance can get you the cheapest rates possible.

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Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Cheapest Car Insurance in Louisville for Minimum Coverage

If you’re looking for the cheapest car insurance offers in Louisville, a state minimum policy is your best option being significantly more affordable than other policies. However, state minimum insurance does not include comprehensive or collision coverages, exposing you to financial risks in the event of an accident.

The following insurers offer the cheapest state minimum policies in Louisville:

  • State Farm: $452 per year
  • Kentucky Farm Bureau: $605 per year

USAA has the most affordable state minimum premiums in Louisville at $396 per annum, but you can only purchase insurance from USAA if you’re a member of the military. The insurer is Louisville’s cheapest state minimum provider, being $1,391 cheaper than the city’s most expensive state minimum provider, MetLife.

Cheapest Minimum Liability Car Insurance in Louisville
State Minimum

Drivers in Kentucky are required by law to have a minimum coverage policy, which includes personal injury protection, property protection insurance and liability insurance.

A minimum coverage policy is the cheapest car insurance in Louisville, so you’ll definitely save on your monthly premiums. The downside is that you may end up paying more out of pocket if you’re in an accident.

In Kentucky, liability insurance only covers $25,000 for bodily injuries per person. This means if you’re at fault in a collision and the other party’s medical expenses reach $30,000, the insurer will cover the first $25,000, but you’ll have to pay the balance directly.

Kentucky Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
  • Personal Injury Protection
    $10,000 per person.

Cheapest Car Insurance in Louisville if You Have Driving Violations

If you get a speeding ticket, are in an at-fault accident or charged with a DUI, your car insurance rates will likely go up. You can change your bad record over time by improving your driving history, which should help lower your premiums.

In the meantime, your best option is to shop around and compare car insurance quotes from several companies to find the best prices. MoneyGeek ranked Louisville’s most affordable car insurance providers for drivers with bad records:

  • Cheapest after a ticket: State Farm, $1,040 per year
  • Cheapest after an at-fault accident: State Farm, $1,112 per year
  • Cheapest after a DUI: State Farm, $1,040 per year
Cheapest Car Insurance in Louisville With a Violation
Speeding Ticket

Average Cost of Car Insurance in Louisville

Louisville$1,610
Kentucky$1,405
U.S.$1,424

The average car insurance rates in Louisville are around $1,610 per year. In the state of Kentucky as a whole, drivers enjoy a lower statewide annual average premium at $1,405, and the national average annual premium of $1,424 is also lower than the city’s average. Louisville car insurance premiums are around 14.6% higher than the state average and around 13% higher than the national average.

Like car insurance elsewhere in the country, auto insurance rates in Louisville will differ for every person. The best car insurance in Louisville is a personalized calculation, accounting for a variety of factors.

Personalized Quotes to Get You the Cheapest Car Insurance in Louisville

Car insurance quotes in Louisville from every provider can change depending on your unique history and level of risk — high-risk individuals are subject to higher annual premiums. These risks include age, ZIP code, credit score, driving record and driving experience.

To make sure you get the best premium, it’s best to get a personalized quote from car insurance companies in Louisville. A regular profile check will also afford you potential rebates and discounts that may have been unaware of.

Compare Car Insurance Rates in Louisville

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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The Best Car Insurance Companies in Louisville

MoneyGeek evaluated car insurance providers in Louisville to help you find one that balances affordability and quality customer service.

Our scoring system reveals that the best car insurance companies in the city overall are:

  • Erie: MoneyGeek score of 93 out of 100
  • Auto-Owners Insurance Co: MoneyGeek score of 90 out of 100

USAA received the highest scores in Louisville per MoneyGeek’s rating system. However, since it’s only available to military members, veterans and their families, we did not list the insurance company as best overall.

MoneyGeek used various sources to calculate the final scores out of 100. These include ratings by J.D. Power for user satisfaction, affordability and insurer financial stability.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:92.5

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

3
Auto-Owners Insurance Co
Score:90

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

5
State Farm
Score:82.5

3/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

6
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

7
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

8
MetLife
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Safeco
Score:77.5

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

10
Progressive
Score:77.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

11
Kentucky Farm Bureau
Score:75

2/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

12
Allstate
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

13
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

14
National General
Score:72.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

Average Cost of Car Insurance by Postal Code

Your location is one of the most important factors that affect your car insurance premiums. Some ZIP codes have higher premiums due to high-accident neighborhoods, increased incidents of car thefts, uninsured motorists and many other risks.

In Louisville, the ZIP code with the lowest premium is 40299. The annual insurance rates go up between 25% and 34.5% if you live in ZIP codes 40219, 40216 or 40214. The most expensive area, 40214, costs an average $456 more than the cheapest area for car insurance.

It’s best to get personalized deals for the best car insurance in Louisville after factoring in your ZIP code.

  • Zip Code
    State Minimumper year
  • 40299
    $1,323
  • 40219
    $1,655
  • 40216
    $1,684
  • 40214
    $1,779

Factors That Impact Insurance Costs in Louisville

In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Louisville. How Louisville ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities68th/300
handcuffs2 icon
Most Car Thefts201st/300
uninsured icon
Most Uninsured Motorists by State26th/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall72nd/300
umbrella icon
Most Rainy Days62nd/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Louisville are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.