Cheapest and Best Car Insurance Companies in Louisville, KY

In Louisville, State Farm offers the most affordable minimum and full coverage auto insurance. It is also the cheapest for military drivers and drivers with violations on their records. Allstate offers a low-cost option for teen drivers. Still, the ideal insurance will depend on your driving background and needs.

Cincinnati Insurance nabbed the final MoneyGeek titles: best overall, best customer service and best cheap auto insurance in Louisville.

The following companies offer drivers in Louisville the cheapest minimum coverage auto insurance:

• State Farm: $365 per year
• Cincinnati Insurance: $412 per year

With projected annual costs of $1,694, Shelter provides the most expensive minimum coverage. Cincinnati Insurance offers the cheapest car insurance in Kentucky at an average rate of $257 as of October 2022. This average is much lower than the company’s rates in Louisville, which illustrates how location affects premium costs.

The minimum coverage requirements for car insurance in Louisville are established by Kentucky state law and consist of the following:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

According to these numbers, when you have a bodily injury liability limit of $25,000 per person and $50,000 per accident, your insurance will only cover $25,000 in damages for any single victim, up to $50,000 per accident.

You can purchase the most affordable full coverage auto insurance in Louisville from the following companies:

• State Farm: $794 per year
• Auto-Owners Insurance Co: $922 per year

Shelter’s full coverage insurance is the most expensive in the city, with yearly premiums costing $2,458. Nationwide offers the cheapest full coverage car insurance in Kentucky, with annual premiums of $790 as of October 2022. However, the company’s full coverage rate in Louisville is $1,073, which illustrates how location affects rates.

Full coverage insurance is an excellent option if you want complete security against paying a significant sum for car damages. It includes:

• Comprehensive insurance: Pays for damages from theft, vandalism, animals and natural disasters.
• Collision insurance: Pays for damages sustained in a collision with an object or another vehicle.

Full coverage assures greater security, but if your vehicle is quite old, the additional coverage could cost more than the car is worth.

Out of 12 companies reviewed, State Farm provides the most affordable auto insurance in Louisville for drivers with the following offenses in their records:

• Speeding ticket: State Farm ($886 per year)
• At-fault accident: State Farm ($955 per year)
• DUI: State Farm ($886 per year)

Three insurers offer the most expensive prices in the city: Grange Insurance after a speeding ticket ($2,551), Shelter after an at-fault accident ($3,279) and GEICO after a DUI ($4,046).

Even the cheapest plans will charge drivers with vehicle offenses higher rates than drivers with clean records.

If you have a driving violation, your premiums will likely increase in relation to the severity of the offense. In Louisville, you should anticipate paying $269 more after a speeding ticket and $1,264 more after a DUI. Finding affordable auto insurance is still achievable with a bad driving record.

The following insurers offer the best rates in Louisville for adding teen drivers to a family policy:

• Allstate: $2,244 per year for female teens; $2,364 per year for male teens
• State Farm: $2,485 per year for female teens; $3,066 per year for male teens

Due to their higher risk, male teens typically pay more for insurance than female teens, although this cost discrepancy tapers off by early adulthood. In Louisville, GEICO has the highest prices, with girls paying $5,624 and boys paying $6,908.

Adding a teen to a family policy is much more cost-effective than purchasing a separate policy. For example, single coverage for a 16-year-old male teen in Louisville costs an average of $3,155 more than adding him to a family policy. By evaluating insurance costs, families and teen drivers can find the cheapest car insurance for teens and save more.

The following companies offer the cheapest full coverage auto insurance for drivers with a military background in Louisville:

• State Farm: $794 per year
• Auto-Owners Insurance Co: $922 per year

USAA, which caters exclusively to military members, is another great option with annual rates of $923. State Farm is the most affordable choice at $365 annually if you only want minimum coverage.

You should compare quotes from at least three different insurance providers to get a good idea of rates and coverage. However, this process can take 15 minutes or longer per company and requires inputting a lot of personal information.

MoneyGeek's insurance calculator can give you quick rate estimates based on your age, vehicle type, coverage and driving record.

The best insurer for you will depend on how you prioritize cost, customer service and coverages. MoneyGeek identified Cincinnati Insurance as a company in Louisville that excels in these three categories:

• Best overall: Cincinnati Insurance (MoneyGeek score 84 out of 100)
• Best for service: Cincinnati Insurance (MoneyGeek score 74 out of 100)
• Best cheap: Cincinnati Insurance (MoneyGeek score 87 out of 100)

A company’s MoneyGeek score can vary depending on how we weigh criteria for different categories. USAA is a great option for military members, with a MoneyGeek score of 82 out of 100. Cincinnati Insurance also offers the best overall car insurance in Kentucky.

The best insurance companies in Louisville are:

• Cincinnati Insurance: MoneyGeek score 84 out of 100 ($1,051 per year)
• Auto-Owners Insurance Co: MoneyGeek score 79 out of 100 ($922 per year)

Despite only being the fifth cheapest in Louisville, Cincinnati Insurance earned its spot as the top-rated provider thanks to strong ratings for both customer service and coverages.

MoneyGeek's analysis showed the following companies offer the best customer service in Louisville for customer service when cost is not a consideration:

• Cincinnati Insurance: MoneyGeek score 74 out of 100 ($1,051 per year)
• Shelter: MoneyGeek score 68 out of 100 ($2,458 per year)

Cincinnati Insurance received excellent customer satisfaction ratings and is the fifth cheapest in the city. Shelter also earned excellent customer satisfaction scores, but it is the most expensive in Louisville, indicating customers pay a premium for quality service with this company.

MoneyGeek reviewed the affordability and service quality of the 12 auto insurance providers in Louisville that satisfy Kentucky's minimum coverage standards. The following companies offer the best cheap car insurance in the city:

• Cincinnati Insurance: MoneyGeek score 87 out of 100 ($412 per year)
• Auto-Owners Insurance Co: MoneyGeek score 81 out of 100 ($485 per year)

Although minimum coverage may be inexpensive, keep in mind that it may not protect you from liability claims or pay for collision-related car damages.

The estimated yearly cost of car insurance in Louisville is $1,281, while Kentucky's average is $1,058, and the national average is $1,265) as of October 2022. These costs are for full coverage rates with bodily injury liability limits of $100,000 per accident, $300,000 per person and $100,000 per person for property damage liability. Location is just one factor that affects car insurance prices.