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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The Cheapest and Best Car Insurance in Louisville

The Cheapest Car Insurance Companies in Louisville

Insurers with the cheapest average rates for a full coverage car insurance policy in Louisville are:

  • USAA: $845 per year (exclusively offered to military members and their families)
  • State Farm: $969 per year

Finding cheap car insurance in Louisville depends on the company offering the plan, with USAA having the lowest rates. However, USAA only provides insurance for military personnel, veterans and their families. The second cheapest insurance provider in Louisville is State Farm, which offers an average annual rate of $969. In comparison, Metlife offers an average premium of $2,527 every year, around 160.9% higher than State Farm.

These rates will change according to your driving profile. Car insurance rates will also rise if you have violations or vehicular accidents in the past. While you can use average insurance rates in Louisville as a starting reference, it’s best to get a personalized report for your rates.

MoneyGeek conducted this analysis using a sample 40-year-old male driver with a full coverage policy, which includes liability insurance as well as comprehensive and collision coverage that protects against damage to your own vehicle.

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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.

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The Best Car Insurance Companies in Louisville

Louisville drivers seeking affordable car insurance coverage that’s merged with quality service can use MoneyGeek’s scoring system that ranks the best carriers.

According to the scores, the best providers in the city for most drivers are:

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

USAA received the highest score in Louisville by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.

MoneyGeek considered various factors while calculating individual scores for each provider, including J.D. Power’s affordability, customer satisfaction and financial stability scores.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:93

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:83

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:78

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

10
Progressive
Score:78

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:73

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

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.

Shopping around for car insurance in Louisville could save you $641, which is enough to buy:


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214Cups of Coffee
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49Months of Your Favorite Streaming Service

Cheapest Car Insurance in Louisville by Coverage Amount

In Louisville and elsewhere, the cost of car insurance depends on the amount of coverage purchased from an insurer. For example, if you choose a minimum liability policy, you will pay an average of $966 per year. However, if you buy a full coverage policy that provides you with higher limits, you will pay $1,610 per year on average, $644 more than the minimum coverage.

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.

Various car insurance plans have express limits for every type and level of coverage they provide their customers. State Farm offers competitive liability-only plans, as well as robust 50/100/50 and 100/300/100 full-coverage policies.

A 50/100/50 policy provides $50,000 worth of medical coverage per person (up to $100,000 per vehicle) and $50,000 for property damage repair. The 50/100/50 full-coverage from State Farm costs about $857 per year, which is around $316 more than the liability-only coverage averaging $541. It’s crucial to consider if you want the full coverage, as the difference in cost is significant, but so is the difference in coverage.

Average Car Insurance Premiums: Liability-Only vs. Full Coverage

Liability Only
Full Coverage
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Cheapest Car Insurance in Louisville if You Have Driving Violations

Your driving history will affect the cost of your insurance premiums. For car insurance companies in Louisville, the difference will vary depending on the violation.

For example, State Farm charges an average of $1,040 per year for a driver with a speeding ticket or DUI, which is around $71 higher than they charge for a person who has clean record. While this seems like a small difference, every violation increases your driver risk. If you’re at fault in an accident, State Farm charges an average of $1,112, which is about $143 more than a driver with no violations. State Farm even offers a Drive Safe & Save program that gives good discounts for drivers with a clean record.

In any event, it’s important to have a record free from violations. Driving under the influence violations increase your rates up to $3,693 per year.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    State Farm
    $1,040
    $1,112
    $1,040
  • 2.
    USAA
    $1,041
    $1,236
    $1,364
  • 3.
    Kentucky Farm Bureau
    $1,122
    $1,474
    $2,515
  • 4.
    Allstate
    $1,595
    $1,891
    $1,779
  • 5.
    GEICO
    $1,195
    $2,098
    $2,801
  • 6.
    Travelers
    $1,715
    $1,663
    $2,563
  • 7.
    Progressive
    $2,646
    $3,668
    $2,269
  • 8.
    Nationwide
    $2,773
    $3,600
    $4,823
  • 9.
    MetLife
    $3,421
    $4,461
    $6,220

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
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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.

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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.