The Cheapest Car Insurance in Kentucky for 2022
To determine which companies offer the lowest premiums for auto insurance in Kentucky, MoneyGeek compared the prices offered by eight insurers. Our research shows that State Farm offers the most affordable car insurance in Kentucky, with most drivers paying an average of $454 annually for liability-only insurance.
State Farm is the most affordable alternative in Kentucky for many drivers, including drivers with violations, those with bad credit and more. Allstate is the best option for young drivers. By evaluating quotes from many insurers, drivers can save as much as $1,441 annually.
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The Cheapest Car Insurance in Kentucky
MoneyGeek evaluated the cheapest insurance providers in Kentucky by city for individuals seeking more realistic pricing based on their exact location. If you're searching for a balance between customer service and price, MoneyGeek also analyzed the best Kentucky auto insurance providers.
Why Trust MoneyGeek? Kentucky car insurance rates in this study are based on our analysis of data and information from the Kentucky Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Kentucky have changed up to this month.
Cheapest Minimum Liability Car Insurance in Kentucky
The cheapest option for drivers looking for auto insurance in Kentucky is a minimum liability policy, which meets the state requirements for coverage. If you need a policy with broader protection, consider getting higher levels of coverage.
Based on MoneyGeek’s study, the cheapest car insurance on average in Kentucky for a minimum coverage policy are:
- State Farm: $454 per year
- GEICO: $523 per year
USAA, at an average cost of $391 per year, is the most affordable option in the state. However, it is only available to current and former military members. At an average of $1,404 annually, Nationwide is the insurance carrier with the most expensive policy for minimum coverage in Kentucky.
CHEAPEST MINIMUM CAR INSURANCE IN KENTUCKY
These prices are only estimates based on rates for an average Kentucky driver and should not be used to compare insurance prices.
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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Cheapest Full Coverage Car Insurance in Kentucky
A full coverage policy with higher liability limits and comprehensive and collision insurance will protect you against most road and off-road accidents. It costs more than a minimum coverage policy but will protect you against the cost of damages to your vehicle. To find the best policy for your needs, compare quotes from various insurers.
On average, the two most affordable auto insurance providers in Kentucky for comprehensive and collision coverage are:
- State Farm: $924 per year
- GEICO: $926 per year
At an average of $832 per year, USAA is the most affordable option for current and former military members. The most expensive full coverage car insurance policy in Kentucky is from Nationwide at an average of $2,273 annually.
CHEAPEST FULL COVERAGE CAR INSURANCE IN KENTUCKY
These prices are based on average rates for a comprehensive and collision insurance policy that covers up to $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident. Individual premiums will vary and may be different from the averages shown.
How to Compare Cheap Kentucky Car Insurance Quotes Online
Most car insurance companies in Kentucky have online tools that allow drivers to get reasonably accurate quotes. To find the best policy, it is ideal to get quotes from multiple insurers.
- Start by determining the coverage level you will need. Then, keep quotes consistent. For example, if you get a quote for $300,000 in bodily liability insurance per accident from one insurer, use the same number when you get quotes from other providers.
- MoneyGeek’s calculator helps you to compare car insurance quotes in Kentucky without providing your personal information. However, if you are looking for a personalized quote, you will need to provide more details. You can also review MoneyGeek’s price data to see which company websites you should visit.
- Overall, the three most affordable auto insurance companies in Kentucky are USAA, State Farm and GEICO. You can start your search for the best policy by getting quotes from these companies.
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Cheapest Car Insurance in Kentucky for Young Drivers
Younger drivers pay more for car insurance because they are considered less experienced by insurance providers. 16-year-old drivers in Kentucky pay an average of $4,141 per year for car insurance, while 25-year-old drivers pay an annual average of $1,543.
ANNUAL CAR INSURANCE IN KENTUCKY FOR YOUNG DRIVERS
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- AgeAverage CostCheapest CompanyCompany Cost
- 19$3,379State Farm$1,990
- 20$2,901State Farm$1,765
- 21$2,269State Farm$1,523
- 22$2,114State Farm$1,376
- 23$1,883State Farm$1,236
Car insurance premiums for teenagers are initially expensive, but prices tend to decrease as a young driver matures with age. In Kentucky, the average cost for a 25-year-old driver from the cheapest company is $1,649 less than that of a 16-year-old driver for the cheapest company.
Young drivers might qualify for a variety of insurance discounts, including those for good grades and driver's education. Furthermore, comparison shopping is essential for locating affordable car insurance companies in Kentucky.
Cheapest Car Insurance in Kentucky for Seniors
In most cases, senior drivers in Kentucky have slightly higher rates than young adults and middle-aged drivers. The average cost for senior drivers with full coverage in Kentucky is $1,589 per year. This is higher than the annual rate of $1,489 for average drivers.
On average, the car insurance companies in Kentucky offering the cheapest options for senior drivers are:
- State Farm: $886 per year
- Kentucky Farm Bureau: $1,088 per year
The cheapest car insurance for military drivers and their families is USAA at an average of $913 per year. Nationwide is the most costly option for senior drivers in Kentucky at $2,367 per year on average.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Finding affordable auto insurance for seniors in Kentucky may require additional effort, but it is possible if the driver has a good driving record. The cost of auto insurance for elderly citizens might change depending on factors such as the kind of vehicle they drive, the number of miles driven each year and whether or not they have a history of traffic violations. Hearing and/or visual impairments can also influence insurance premiums.
Nevertheless, seniors should typically look around for the best prices. By evaluating rates between different insurers, Kentucky seniors can save up to $1,481 annually.
Cheapest Car Insurance for Drivers With Tickets in Kentucky
Individuals who have minor driving violations in Kentucky, like tickets, tend to have higher rates. The average cost for a driver with a speeding ticket in Kentucky is $1,784 per year, which is more than the $1,489 average annual rate for a driver with a clean record.
Based on average rates for a full coverage policy, the cheapest options for a Kentucky driver with a speeding ticket are:
- State Farm: $995 per year
- GEICO: $1,026 per year
For military members and their families, USAA offers the most affordable option at an average rate of $1,022 per year. Nationwide is the most expensive on average at $2,578 per year.
AVERAGE CAR INSURANCE RATES WITH A TICKET
Speeding and distracted driving tickets can affect your chances of getting cheap car insurance in Kentucky. Receiving tickets is a sign to insurance companies that you may be a risky driver. The table above shows the average monthly auto insurance premium for the average driver with a speeding or distracted driving ticket.
Currently, the law bans cell phone use for teens but allows calls to be made by drivers 18 and older. However, a bill is being considered to outlaw hand-held cell phone use for all drivers and drivers who are caught will receive higher fines for each offense. Distracted driving is more than using cell phones, it also includes grooming, eating, drinking and talking or interacting with other passengers. It's important to take steps to prevent distracted driving so that you can be safe on the road.
Cheapest Car Insurance for Drivers With a DUI in Kentucky
The average cost of car insurance for Kentucky drivers with a DUI is roughly $2,753 per year. A similar policy for a driver with a clean record costs approximately $1,489 annually.
On average, the cheapest options for a full coverage policy for drivers with a DUI in Kentucky are:
- State Farm: $995 per year
- Allstate: $1,717 per year
USAA offers military families cheap coverage at roughly $1,331 per year. The most expensive car insurance for drivers with a DUI in Kentucky is Nationwide, at around $4,421 annually.
AVERAGE CAR INSURANCE RATES WITH A DUI
In Kentucky, a conviction for driving under the influence remains on your record for five years. In addition to jail time, fines and license suspension, you may also incur higher car insurance premiums.
Even though getting insurance after a DUI may be more expensive, shopping around for auto insurance providers can help you get the best rates. You can also improve your driving record to save money over time.
Cheapest in Kentucky for Drivers With an At-Fault Accident
Drivers with an at-fault accident on their driving record will pay higher car insurance premiums than those with a clean driving record. The average cost of car insurance for drivers with an at-fault accident is $2,276 per year vs. roughly $1,489 for a driver with a clean record.
In Kentucky, the companies with the lowest average rates for drivers with an at-fault accident are:
- State Farm: $1,066 per year
- Kentucky Farm Bureau: $1,393 per year
While USAA is the second-cheapest for drivers with an at-fault accident in Kentucky with a cost of $1,210, its policies are only available to current and former military members. The most expensive option is Nationwide, with an average annual rate of $3,321.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Kentucky for Drivers With Bad Credit
Poor credit scores can lead to higher auto insurance rates in Kentucky. The average cost of a full coverage policy for a driver with bad credit in the state is $3,204 annually. That is more than double the annual average rate for an average driver with good credit, which is $1,489.
On average, the cheapest car insurance companies in Kentucky for a driver with a poor credit score are:
- State Farm: $1,783 per year
- GEICO: $1,986 per year
USAA costs $1,611 per year on average, making it the most affordable option in the state. However, it is only available to members of the military. Nationwide is the most expensive option in Kentucky for drivers with bad credit at an average of $3,282 annually.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
In Kentucky, having good credit might save you up to $1,715. If you do have bad credit, shopping around for rates can help you save around $1,499 annually.
A bad credit score does not necessarily indicate that an individual is more likely to be at high risk and not pay their premiums, but it can indicate that they will struggle to do so in the face of other debts. This is why they tend to pay higher premiums.
Raising your credit score should be your ultimate objective if you want to pay lower rates for your car insurance.
Cheapest Car Insurance in Kentucky for Military Drivers
USAA is the cheapest auto insurance provider in Kentucky, with an average monthly premium of $391. However, USAA is exclusively available to current and past military personnel, as well as their families.
- Average rate: $391 per year
- Ranks cheapest out of eight insurers
USAA offers the cheapest Kentucky auto insurance for military families. Customers may save even more money by earning various discounts, including combining their home and rental insurance, insuring multiple cars, completing authorized driver safety courses and keeping a clean driving record for five years.
Cheapest Car Insurance in Kentucky by City
In Kentucky, how much you pay for car insurance greatly depends on your location. For instance, drivers pay an average of $1,201 per year for the cheapest full coverage car insurance policy in Lexington, while those in Louisville pay an average of $1,610.
You can find more details about car insurance costs within your area by clicking on your city.
AVERAGE INSURANCE RATE BY CITY IN KENTUCKY
Car Insurance in Kentucky: What You Need to Know
While Kentucky state law doesn’t require all cars to be insured, you need to follow certain requirements mandated by the state.
Kentucky Insurance Requirements
In Kentucky, drivers are required to have proof of insurance at all times. This may be required at car registration, upon the request of a police officer or following an accident.
The minimum requirements for auto insurance in Kentucky are $25,000 per person, $50,000 per accident and $25,000 per accident for property damage. A Kentucky driver may also carry coverage with a single limit of $60,000. Additionally, drivers in Kentucky have the option of self-insuring their vehicles. They must submit documentation to the Executive Director of Insurance demonstrating their ability to pay claims and deposit cash or retain property that can be liquidated to pay for a claim.
In Kentucky, if you want cheap auto coverage, minimum liability coverage is the way to go. However, this may not be sufficient if you are in an accident. Comprehensive and collision insurance are recommended because liability insurance does not cover your injuries or vehicle damages.
According to insurance professionals, the standard recommendation for bodily injury liability coverage is $100,000/$300,000. Consider comprehensive and collision coverage as well. Comprehensive insurance covers damage inflicted by events other than car accidents, such as harsh weather. Collision coverage pays to repair your vehicle in the event of an accident.
FAQs About Car Insurance in Kentucky
For most Kentucky drivers, the most common questions about auto insurance center around the cost of the policy and insurance company information.
Expert Advice on Finding Cheap Car Insurance in Kentucky
To help you find credible and accurate insight on car insurance in Kentucky, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.
- What are the key factors drivers in Kentucky should look for when searching for the best auto insurance coverage?
- What steps can drivers in Kentucky take to find affordable car insurance?
- How do regulations and rules in Kentucky impact insurance pricing and how consumers might shop for coverage?
Assistant Professor of Finance at Western Kentucky University
Professor of Economics at Thomas More University
About the Author
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- Kentucky.gov. "Mandatory Insurance." Accessed January 18, 2021.
- Legal Beagle. "How Long Does a DUI Stay on Your Record in Kentucky?." Accessed January 18, 2021.
- Lexington Herald Leader. "If your teen drives another teen, they are far more likely to die. Here’s why.." Accessed January 18, 2021.
- NOLO. "Kentucky First-Offense DUI." Accessed March 11, 2020.
- National Highway Traffic Safety Administration. "Traffic Safety Facts." Accessed January 14, 2021.
- WDRB.com. "Kentucky lawmakers working on tougher penalties for distracted driving." Accessed March 11, 2020.