bestauto insuranceLouisvilleCompare the Cheapest Car Insurance Quotes in Louisville, KY
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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. State Farm is MoneyGeek’s best-rated car insurance company in Louisville, as it balances both customer service and cost.
bestauto insuranceLouisvilleThe Cheapest and Best Car Insurance in Louisville
Cheapest Overall - State Farm
Cheapest State Minimum - State Farm
Cheapest With a Driving Violation - State Farm
Best Overall - State Farm
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
- Company100/300/100per year
- 1.$845
- 2.$969
- 3.$1,079
- 4.Kentucky Farm Bureau$1,122
- 5.$1,364
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 theft, weather-related events like hail and falling objects
- 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.
Compare Car Insurance Rates in Louisville
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
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
- CompanyState Minimumper year
- 1.$396
- 2.$452
- 3.Kentucky Farm Bureau$605
- 4.$630
- 5.$771
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
- ItemDescription
- 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
- CompanySpeeding Ticketper year
- 1.$1,040
- 2.$1,041
- 3.Kentucky Farm Bureau$1,122
- 4.$1,195
- 5.$1,595
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.
The Best Car Insurance Companies in Louisville
MoneyGeek studied the top car insurance companies in Louisville and evaluated them through their financial stability, customer satisfaction and claims ratings. Based on our analysis, the top two insurance providers in this city are:
- State Farm: MoneyGeek score of 94 out of 100
- Travelers: MoneyGeek score of 80 out of 100
USAA wasn’t included in this list because it only provides insurance for military members and their families. However, MoneyGeek gave the insurer a score of 98 out of 100. This makes USAA the best full coverage car insurance in Louisville, KY, for military members and their families.
1
State Farm
Score:94
State Farm ranks the highest among the top insurance companies in Louisville. It scored high in affordability, customer satisfaction and claims ratings. The average yearly cost for its coverage is $969, and it offers unique add-ons like rideshare insurance and rental car and travel reimbursement.
More About State Farm
Rideshare insurance is a rare add-on that allows a policyholder to receive coverage if they are in an accident while waiting for a rideshare request. Plus, with their rental car and/or travel reimbursement coverage, policyholders get coverage if their cars aren’t usable or drivable for more than 24 hours.
Read MoneyGeek's State Farm auto Insurance Review2
Travelers
Score:80
Travelers placed second among the top car insurance companies in Louisville. It ranks high in financial stability and claims ratings but has uninspiring marks for customer satisfaction and affordability. Its average rate is $1,453 per year, and this insurer offers new car replacement coverage as an add-on.
More About Travelers
Travelers’ new car replacement feature gives policyholders extra coverage if the vehicle gets totaled in the first five years. This coverage pays to replace it with a new car of the same make and model. Its accident forgiveness feature forgives one accident within a specific time frame. Another uncommon add-on that Travelers offers is gap insurance. This covers the difference between the actual cash value of the car and the unpaid balance of the lease or auto loan.
Read MoneyGeek's Travelers auto Insurance Review3
GEICO
Score:79
4
Allstate
Score:76
5
Kentucky Farm Bureau
Score:62
6
Progressive
Score:48
7
Nationwide
Score:41
8
MetLife
Score:24
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 CodeState 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.
About Mark Fitzpatrick
