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Cincinnati Insurance is the cheapest car insurance in Kentucky for minimum coverage and senior drivers. Shelter is the cheapest insurer for young adult drivers and those with tickets, whereas Nationwide is the cheapest for full coverage, military personnel, and those with poor credit. Allstate is the most affordable option for teens. State Farm is the cheapest option for drivers with DUIs and at-fault accidents. Auto-Owners Insurance Co is the cheapest for those with sports cars.

The best car insurance companies in Kentucky offer a balance of cost and quality service.

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2023

Cheapest Car Insurance Kentucky (April 2023)

Cheapest Minimum Liability Car Insurance in Kentucky (April 2023)

MoneyGeek found that the cheapest car insurance companies in Kentucky for a minimum coverage policy are:

  • Cincinnati Insurance: $257 per year
  • Kentucky Farm Bureau: $315 per year

A minimum coverage policy from Grange Insurance is the most expensive in Kentucky at an average cost of $795 per year.

When you purchase a minimum coverage policy in Kentucky, your coverage is limited to bodily injury liability, property damage liability and personal injury protection up to the limits set by the state.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$228

$19

Cincinnati Insurance

$257

$21

Kentucky Farm Bureau

$298

$25

Kentucky Farm Bureau

$315

$26

Cincinnati Insurance

$330

$28

State Farm

$336

$28

Auto-Owners Insurance Co

$356

$30

Auto-Owners Insurance Co

$372

$31

A minimum liability policy only offers protection for injuries or property damage you cause to a third party. Damages to your car are not covered. To get coverage for your vehicle, you need a policy with comprehensive and collision insurance, also known as full coverage insurance.

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Cheapest Full Coverage Car Insurance in Kentucky (April 2023)

According to MoneyGeek’s review, the following companies offer the cheapest full coverage car insurance in Kentucky:

  • Nationwide: $790 per year
  • Cincinnati Insurance: $821 per year

A full coverage policy from Progressive is the most expensive in Kentucky at an average of $1,432 per year.

Buying a policy with comprehensive and collision insurance usually costs more. In Kentucky, you will pay $564 more for a full coverage policy from Cincinnati Insurance, the cheapest option for minimum coverage.

Full coverage car insurance offers coverage for both on-road damage to your car and off-road damage due to incidents like vandalism.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$228

$19

Cincinnati Insurance

$257

$21

Kentucky Farm Bureau

$298

$25

Kentucky Farm Bureau

$315

$26

Cincinnati Insurance

$330

$28

State Farm

$336

$28

Auto-Owners Insurance Co

$356

$30

Auto-Owners Insurance Co

$372

$31

The cost of your policy will vary depending on how much car insurance you need. MoneyGeek’s analysis is based on a full coverage policy with the following limits:

  • $100,000 in bodily injury liability per person
  • $300,000 in bodily injury liability per accident
  • $100,000 in property damage liability per accident

If you want cheaper rates, you can drop comprehensive and collision insurance, opt for lower liability limits or raise your deductible. Still, you risk having insufficient coverage in case of an accident.

How to Compare Cheap Kentucky Car Insurance Quotes Online

Most car insurance providers offer quotes online. However, the process can take up to 15 minutes, and if you want to compare quotes, you’ll have to do so across multiple websites.

MoneyGeek’s car insurance calculator offers a simple way to get a quick car insurance estimate without providing specific personal information. You can also use it to compare quotes and find the most affordable provider for your profile.

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Cheapest Car Insurance in Kentucky for Teens and Their Families (April 2023)

MoneyGeek found that the cheapest car insurance options in Kentucky for parents who want to add teen drivers to their policies are:

  • Allstate: $1,985 per year for male teens; Nationwide: $1,872 for female teens
  • Nationwide: $1,996 per year for male teens; Allstate: $1,887 for female teens

GEICO is the most expensive option in Kentucky for teens at an average of $4,491 per year for male teens and $3,666 for female teens.

Teenage drivers' car insurance rates diminish as they age, with 19-year-olds enjoying the most affordable rates. Among Kentucky's car insurance providers, Allstate ($1,674 per year) offers the cheapest rates for 19-year-old males.

Adding a teen to a parent’s policy is more cost-effective than purchasing an individual policy. For example, an individual 16-year-old policy costs approximately $6.068 per year, more than twice as much as adding them to the family policy, which only costs around $2,913 per year allowing for large savings totaling around $3,155 per year.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

Nationwide

$1,872

$3,378

Allstate

$1,887

$6,834

Allstate

$1,985

$6,389

Nationwide

$1,996

$3,805

Travelers

$2,257

$4,379

State Farm

$2,413

$2,903

Progressive

$2,741

$7,572

Travelers

$2,835

$5,609

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On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

Families with teen drivers can save on their car insurance premiums by taking advantage of various student discounts. Insurers like Nationwide and State Farm offer discounts for teens with good grades. Some insurers also provide distant student and driver education discounts.

Cheapest Car Insurance in Kentucky for Young Adults (April 2023)

The cheapest car insurance companies in Kentucky for young adults are:

  • Shelter: $936 per year
  • Nationwide: $1,007 per year

Progressive is the most expensive provider for drivers in their 20s at an average of $1,664 per year.

Car insurance costs more for drivers in their 20s than for middle-aged drivers. A policy from Nationwide, the cheapest option, costs $217 more for drivers in their 20s than for 40-year-olds.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$228

$19

Cincinnati Insurance

$257

$21

Kentucky Farm Bureau

$298

$25

Kentucky Farm Bureau

$315

$26

Cincinnati Insurance

$330

$28

State Farm

$336

$28

Auto-Owners Insurance Co

$356

$30

Auto-Owners Insurance Co

$372

$31

Cheapest Car Insurance in Kentucky for Seniors (April 2023)

MoneyGeek found that the most affordable auto insurance companies in Kentucky for senior drivers are:

  • Cincinnati Insurance: $670 per year
  • Nationwide: $733 per year

The most expensive company for senior drivers is Progressive, at an average cost of $1,321 per year.

Senior drivers tend to pay less than middle-aged drivers for car insurance. For instance, a policy from Cincinnati Insurance is up to $151 cheaper for seniors compared with middle-aged drivers. However, car insurance rates typically increase once drivers reach their 70s and 80s.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$228

$19

Cincinnati Insurance

$257

$21

Kentucky Farm Bureau

$298

$25

Kentucky Farm Bureau

$315

$26

Cincinnati Insurance

$330

$28

State Farm

$336

$28

Auto-Owners Insurance Co

$356

$30

Auto-Owners Insurance Co

$372

$31

Some insurers offer senior drivers discounts that help reduce car insurance costs. You should also compare car insurance quotes from multiple providers to determine the most affordable rates.

Cheapest Car Insurance in Kentucky After a Ticket, Accident or DUI (April 2023)

The cheapest company for car insurance in Kentucky if you have a speeding ticket is Shelter. State Farm offers the cheapest rates to drivers with a DUI or at-fault accident on their records.

Drivers with violations pay higher rates because insurers view them as high risk. However, you can still find affordable options by comparing quotes from multiple companies.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: Shelter ($936 per year)
Cheapest after an accident: State Farm ($1,095 per year)
Cheapest after a DUI: State Farm ($1,011 per year)

Cheapest Car Insurance in Kentucky After a Ticket

MoneyGeek’s analysis found that the cheapest car insurance companies in Kentucky for drivers with a speeding ticket are:

  • Shelter: $936 per year
  • Auto-Owners Insurance Co: $946 per year

Grange insurance is the most expensive option in Kentucky if you have a speeding ticket, at $1,946 per year.

On average, drivers with speeding tickets in Kentucky pay $209 more per year than drivers with clean records.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$271

$23

Kentucky Farm Bureau

$298

$25

Cincinnati Insurance

$311

$26

Kentucky Farm Bureau

$315

$26

State Farm

$388

$32

Cincinnati Insurance

$390

$32

State Farm

$412

$34

Auto-Owners Insurance Co

$427

$36

Cheapest Car Insurance in Kentucky After an Accident

MoneyGeek reviewed the cheapest auto insurance companies in Kentucky after an at-fault accident and found that the most affordable providers are:

  • State Farm: $1,095 per year
  • Auto-Owners Insurance Co: $1,133 per year

GEICO car insurance is the most expensive option after an at-fault accident at an average cost of $2,375 per year.

Having an at-fault accident on record will increase your car insurance rates in Kentucky by up to $537 per year on average.

Company
Annual Premium
Monthly Premium

Kentucky Farm Bureau

$410

$34

State Farm

$426

$36

Kentucky Farm Bureau

$434

$36

State Farm

$453

$38

Cincinnati Insurance

$491

$41

Auto-Owners Insurance Co

$531

$44

Auto-Owners Insurance Co

$553

$46

State Farm

$553

$46

Cheapest Car Insurance in Kentucky After a DUI

The cheapest car insurance companies in Kentucky if you have a DUI are:

  • State Farm: $1,011 per year
  • Shelter: $1,215 per year

GEICO has Kentucky’s most expensive full coverage policy after a DUI at $3,312 per year.

In Kentucky, having a DUI on your driving record will increase your car insurance premiums by an average of $930 per year.

Company
Annual Premium
Monthly Premium

State Farm

$388

$32

State Farm

$412

$34

State Farm

$503

$42

Cincinnati Insurance

$607

$51

Shelter

$662

$55

Shelter

$662

$55

Shelter

$662

$55

Travelers

$663

$55

Cheapest Car Insurance in Kentucky for Drivers With Poor Credit (April 2023)

MoneyGeek’s analysis found that the most affordable car insurance companies in Kentucky for drivers with poor credit scores (below 580) are:

  • Nationwide: $1,166 per year
  • Cincinnati Insurance: $1,377 per year

Kentucky Farm Bureau is the most expensive car insurance option for drivers with poor credit, at $2,976 per year.

On average, if you have poor credit, your car insurance rates will be up to $959 higher than rates for drivers with good credit ratings (above 750).

Company
Annual Premium
Monthly Premium

Nationwide

$1,411

$118

Cincinnati Insurance

$1,737

$145

Grange Insurance

$1,872

$156

Travelers

$1,904

$159

Allstate

$2,018

$168

Shelter

$2,377

$198

State Farm

$2,483

$207

Westfield

$2,670

$223

Some insurers charge higher car insurance rates if you have poor credit because a lower credit rating indicates that you are likely to file a claim. In some states, it is illegal to charge higher rates based on credit score, but it is legal in Kentucky.

You can get better car insurance rates by improving your credit score. In the short term, comparing quotes and taking advantage of discounts will help you save.

Cheapest Car Insurance in Kentucky for Sports Cars (April 2023)

MoneyGeek reviewed the most affordable car insurance companies in Kentucky for sports car drivers and found that the cheapest options are:

  • Auto-Owners Insurance Co: $855 per year
  • Nationwide: $881 per year

Progressive is the most expensive option if you drive a sports car, at an average of $2,391 per year.

On average, it costs up to $199 more per year to purchase a full coverage policy for a sports car than for a Toyota Camry in Kentucky.

Company
Annual Premium
Monthly Premium

Cincinnati Insurance

$228

$19

Cincinnati Insurance

$257

$21

Kentucky Farm Bureau

$298

$25

Kentucky Farm Bureau

$315

$26

Cincinnati Insurance

$330

$28

State Farm

$336

$28

Auto-Owners Insurance Co

$356

$30

Auto-Owners Insurance Co

$372

$31

For this analysis, MoneyGeek used a Ford Mustang as a sample sports car, but rates may vary significantly depending on the model you drive.

In most states, it is more expensive to insure electric, luxury and sports cars.

Cheapest Car Insurance in Kentucky for Military Drivers (April 2023)

Nationwide is the cheapest company for car insurance in Kentucky if you are a military member or veteran, at an average cost of $790 per year.

USAA is not among the cheapest options, but it is tailored to the needs of military members. USAA full coverage car insurance costs an average of $896 per year in Kentucky and is available in all states.

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MoneyGeek Top Pick
Nationwide
  • $790 per year
  • First out of 13 insurers for affordability

Nationwide is the most affordable option if you are in the military. You can lower your rate further through discounts, such as bundling and multiple car discounts.

Drivers who take a defensive driving course may also qualify for a discount, as well as those who remain claims-free for five years. Anti-theft systems discounts are also available if your vehicle has enhanced safety features.

Cheapest Car Insurance in Kentucky by City

The cost of car insurance can vary significantly based on where you live in Kentucky. Location-specific risk factors like rates of car accidents, car thefts and traffic density vary from city to city, making some areas more costly for car insurance than others.

For instance, a full coverage car insurance policy from Nationwide costs $873 per year in Lexington, whereas a policy from Auto-Owners Insurance Co costs $1,119 per year in Louisville. Insurance rates can vary between cities, even when purchasing the same policy from the same company.

City
Cheapest Company
Annual Premium

Lexington-Fayette

Nationwide

$873

Louisville/Jefferson

Auto-Owners Insurance Co

$1,119

Car Insurance in Kentucky: What You Need to Know

Kentucky, like most states, requires that all drivers carry car insurance with specified minimum liability limits for bodily injury and property damage.

Kentucky Car Insurance Requirements

Kentucky car insurance laws require you to carry a minimum liability policy with bodily injury coverage and property damage coverage. State minimum policies are the cheapest option if you want to save on costs, but you risk having insufficient coverage in case of an accident.

MoneyGeek recommends getting as much liability coverage as you can afford to avoid incurring high out-of-pocket costs in case of an accident.

  • male icon

    Bodily Injury Liability

    Kentucky law requires that drivers have bodily injury liability of $25,000 per person and $50,000 per accident. Bodily injury liability covers the cost of any injuries you cause to a third party in an at-fault accident. This coverage is limited to $25,000 per person, so costs above this limit will be out-of-pocket costs.

  • accident2 icon

    Property Damage Liability

    In Kentucky, all drivers must carry property damage liability of $25,000 per accident. This coverage will pay for damages you cause to other people’s property in an accident. Any damages above the specified are the policyholder’s responsibility.

Although a state minimum policy fulfills the liability limits set by law, it may not necessarily offer sufficient coverage. MoneyGeek recommends getting $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage coverage.

If you are financing your car, your lender may require that you purchase comprehensive and collision insurance. This insurance will cover damages to your car on the road and off-road incidents like vandalism.

MoneyGeek also advises that drivers with high-value cars get comprehensive and collision insurance, even if it is not a state requirement.

Car Insurance Alternatives in Kentucky

Kentucky drivers can self-insure through the Kentucky Self-Insured Auto Program (KSAP). You must submit an application for self-insurance and consent to pay all tort liability and basic reparation benefits incurred.

You will also need to submit a yearly income statement and balance sheet with your self-insurance application. The state requires security in the form of a bond, surety or an irrevocable letter of credit issued by a bank. You can terminate your self-insurance voluntarily by submitting a written request to the commissioner of insurance.

FAQs About Car Insurance in Kentucky

When looking for car insurance, you will have questions about cost and quality. We answered commonly asked questions below to help you learn more.

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.

  1. What are the key factors drivers in Kentucky should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Kentucky take to find affordable car insurance?
  3. How do regulations and rules in Kentucky impact insurance pricing and how consumers might shop for coverage?
Jonathan Handy
Jonathan Handy

Assistant Professor of Finance at Western Kentucky University

Malcolm Robinson
Malcolm Robinson

Professor of Economics at Thomas More University

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


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