Cheapest Car Insurance in Kentucky (June 2024)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
Contributions by2 experts
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byRae Osborn
Contributions by2 experts
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Updated: June 14, 2024

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Cincinnati Insurance has the cheapest overall car insurance in Kentucky. Nationwide and Auto-Owners are cheaper for certain other driver types.

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

Why Trust MoneyGeek? For this analysis, we obtained Kentucky car insurance from the Kentucky Department of Insurance and Quadrant Information Services. We also received quote data from different providers for comparison.

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These rates reflect the cheapest car insurance quotes in Kentucky as of June 2024.

1,152Quotes Analyzed
 
9Companies Compared
 
8ZIP Codes

Cheapest Minimum Liability Car Insurance in Kentucky (June 2024)

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

  • Cincinnati Insurance: $296 per year
  • Auto-Owners Insurance Co: $410 per year

A minimum coverage policy from Grange Insurance is the most expensive in Kentucky at an average cost of $1,045 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 limits set by the state.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
Cincinnati InsuranceAnnual Premium$296Monthly Premium$25
Auto-Owners Insurance CoAnnual Premium$410Monthly Premium$34
Kentucky Farm BureauAnnual Premium$421Monthly Premium$35
TravelersAnnual Premium$443Monthly Premium$37
NationwideAnnual Premium$526Monthly Premium$44
ProgressiveAnnual Premium$527Monthly Premium$44
GEICOAnnual Premium$549Monthly Premium$46
ShelterAnnual Premium$565Monthly Premium$47

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 that includes comprehensive and collision insurance — full coverage insurance.

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Find the Best Car Insurance in Kentucky for You

 

Your coverage requirements and background will determine how much you pay for car insurance. The table above indicates rates for minimum coverage car insurance in Kentucky.

Find out more about how much car insurance you need.

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MoneyGeek reviewed the best car insurance companies in Kentucky based on quality of service and cost.

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We also analyzed the average cost of car insurance in Kentucky based on different driver profiles.

Cheapest Full Coverage Car Insurance in Kentucky (June 2024)

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

  • Auto-Owners Insurance Co: $876 per year
  • Travelers: $957 per year

A full coverage policy from Grange Insurance is the most expensive in Kentucky at an average of $1,640 per year.

Buying a full coverage policy means adding comprehensive and collision coverage, and it usually costs more. In Kentucky, you will pay $466 more for a full coverage policy than for minimum coverage with Auto-Owners Insurance Co.

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

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$876Monthly Premium$73
TravelersAnnual Premium$957Monthly Premium$80
Cincinnati InsuranceAnnual Premium$962Monthly Premium$80
NationwideAnnual Premium$1,047Monthly Premium$87
Kentucky Farm BureauAnnual Premium$1,113Monthly Premium$93
GEICOAnnual Premium$1,138Monthly Premium$95
ShelterAnnual Premium$1,161Monthly Premium$97
ProgressiveAnnual Premium$1,410Monthly Premium$118

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 for comprehensive, collision or both. 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.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 17, 2024

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Cheapest Car Insurance in Kentucky by Age (June 2024)

Age is one of the biggest factors affecting car insurance rates in Kentucky. Allstate provides the most affordable policies for teens, while Travelers is the cheapest option for young adults and Cincinnati Insurance for seniors.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Allstate
Cheapest for young adults: Travelers
Cheapest for seniors: Cincinnati Insurance

Cheapest Car Insurance in Kentucky for Teens and Their Families (June 2024)

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

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

The above rates are what the teen pays on the policy and not the full family policy cost.

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, and teens under 18 cannot legally purchase auto insurance without the consent of a parent or guardian. 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.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
NationwideFamily Plan Annual Premium$1,872Individual Plan Annual Premium$3,378
AllstateFamily Plan Annual Premium$1,887Individual Plan Annual Premium$6,834
TravelersFamily Plan Annual Premium$2,257Individual Plan Annual Premium$4,379
State FarmFamily Plan Annual Premium$2,413Individual Plan Annual Premium$2,903
ProgressiveFamily Plan Annual Premium$2,741Individual Plan Annual Premium$7,572
Auto-Owners Insurance CoFamily Plan Annual Premium$2,851Individual Plan Annual Premium$2,701
GEICOFamily Plan Annual Premium$3,666Individual Plan Annual Premium$8,430
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MONEYGEEK EXPERT TIP

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 (June 2024)

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

  • Travelers: $1,125 per year
  • Shelter: $1,175 per year

Westfield is the most expensive provider for drivers in their 20s at an average of $1,938 per year.

Car insurance costs more for 20-year-olds than for middle-aged drivers. With the cheapest providers, a policy for 20-year-olds costs roughly $266 more than that for 40-year-olds.

Data filtered by:Results filtered by:
Age Range:
Age Range:22-29
Coverage Level:
Coverage Level:Full Coverage
TravelersAnnual Premium$1,125Monthly Premium$94
ShelterAnnual Premium$1,175Monthly Premium$98
Auto-Owners Insurance CoAnnual Premium$1,214Monthly Premium$101
Cincinnati InsuranceAnnual Premium$1,232Monthly Premium$103
NationwideAnnual Premium$1,392Monthly Premium$116
Kentucky Farm BureauAnnual Premium$1,554Monthly Premium$129
AllstateAnnual Premium$1,592Monthly Premium$133
ProgressiveAnnual Premium$1,636Monthly Premium$136

Cheapest Car Insurance in Kentucky for Seniors (June 2024)

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

  • Cincinnati Insurance: $784 per year
  • Auto-Owners Insurance Co: $802 per year

The most expensive company for senior drivers is Westfield, at an average cost of $1,555 per year.

Senior drivers tend to pay less for car insurance than middle-aged drivers. With the cheapest policies in Kentucky, senior drivers pay around $69 less than middle-aged drivers. Car insurance rates typically increase once drivers reach their 70s and 80s.

Data filtered by:Results filtered by:
Age Range:
Age Range:60 +
Coverage Level:
Coverage Level:Full Coverage
Cincinnati InsuranceAnnual Premium$784Monthly Premium$65
Auto-Owners Insurance CoAnnual Premium$802Monthly Premium$67
TravelersAnnual Premium$919Monthly Premium$77
NationwideAnnual Premium$984Monthly Premium$82
Kentucky Farm BureauAnnual Premium$988Monthly Premium$82
ShelterAnnual Premium$1,175Monthly Premium$98
State FarmAnnual Premium$1,279Monthly Premium$107
GEICOAnnual Premium$1,285Monthly Premium$107

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 for Higher Risk Drivers (June 2024)

Auto-Owners Insurance Co is the cheapest company for car insurance in Kentucky if you have a speeding ticket or an at-fault accident. It is also the cheapest for sports car owners. Drivers with a DUI will find the most affordable policies with Shelter. Drivers with poor credit will find the most affordable policies with Nationwide.

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

CHEAPEST CAR INSURANCE FOR HIGHER RISK DRIVERS

Cheapest after a ticket: Auto-Owners ($997 per year)
Cheapest after an accident: Auto-Owners ($1,198 per year)
Cheapest after a DUI: Shelter ($1,521 per year)
Cheapest for poor credit: Nationwide ($1,507 per year)
Cheapest for sports cars: Auto-Owners ($897 per's 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:

  • Auto-Owners: $997 per year
  • Kentucky Farm Bureau: $1,113 per year

Grange Insurance is the most expensive option in Kentucky if you have a speeding ticket, at $2,325 per year.

On average, drivers with speeding tickets in Kentucky pay $240 more per year than drivers with clean records.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$997Monthly Premium$83
Kentucky Farm BureauAnnual Premium$1,113Monthly Premium$93
Cincinnati InsuranceAnnual Premium$1,156Monthly Premium$96
ShelterAnnual Premium$1,175Monthly Premium$98
TravelersAnnual Premium$1,331Monthly Premium$111
GEICOAnnual Premium$1,375Monthly Premium$115
NationwideAnnual Premium$1,413Monthly Premium$118
State FarmAnnual Premium$1,589Monthly Premium$132

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:

  • Auto-Owners Insurance Co: $1,198 per year
  • Travelers: $1,387 per year

GEICO is the most expensive option after an at-fault accident at an average cost of $2,533 per year.

Having an at-fault accident on record will increase your car insurance rates in Kentucky by up to $618 per year on average. Drivers who have included or earned accident forgiveness on their auto policy prior to their first at-fault accident will not see a premium increase. GEICO awards this for free, as does Progressive.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$1,198Monthly Premium$100
TravelersAnnual Premium$1,387Monthly Premium$116
ShelterAnnual Premium$1,521Monthly Premium$127
Kentucky Farm BureauAnnual Premium$1,534Monthly Premium$128
NationwideAnnual Premium$1,715Monthly Premium$143
State FarmAnnual Premium$1,720Monthly Premium$143
Cincinnati InsuranceAnnual Premium$2,020Monthly Premium$168
AllstateAnnual Premium$2,080Monthly Premium$173

Cheapest Car Insurance in Kentucky After a DUI

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

  • Shelter: $1,521 per year
  • Travelers: $1,531 per year

Westfield has Kentucky’s most expensive full coverage policy after a DUI at $3,945 per year.

In Kentucky, having a DUI on your driving record will increase your car insurance premiums by an average of $1,083 per year.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
ShelterAnnual Premium$1,521Monthly Premium$127
TravelersAnnual Premium$1,531Monthly Premium$128
State FarmAnnual Premium$1,589Monthly Premium$132
ProgressiveAnnual Premium$1,847Monthly Premium$154
AllstateAnnual Premium$1,947Monthly Premium$162
Auto-Owners Insurance CoAnnual Premium$2,001Monthly Premium$167
NationwideAnnual Premium$2,004Monthly Premium$167
Cincinnati InsuranceAnnual Premium$2,602Monthly Premium$217

Cheapest Car Insurance in Kentucky for Drivers With Poor Credit (June 2024)

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

  • Nationwide: $1,507 per year
  • Travelers: $1,604 per year

Kentucky Farm Bureau is the most expensive car insurance option for drivers with poor and at $3,413 per year.

On average, if you have poor credit, your car insurance rates will be up to $1,140 higher than rates for drivers with good credit ratings (above 750).

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
NationwideAnnual Premium$1,507Monthly Premium$126
TravelersAnnual Premium$1,604Monthly Premium$134
Cincinnati InsuranceAnnual Premium$1,613Monthly Premium$134
Grange InsuranceAnnual Premium$2,056Monthly Premium$171
ProgressiveAnnual Premium$2,209Monthly Premium$184
GEICOAnnual Premium$2,292Monthly Premium$191
AllstateAnnual Premium$2,406Monthly Premium$201
Auto-Owners Insurance CoAnnual Premium$2,503Monthly Premium$209

Some insurers charge higher car insurance rates if you have a low credit-based insurance score 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 history, 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 (June 2024)

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

  • Auto-Owners: $897 per year
  • Travelers: $939 per year

Progressive is the most expensive option if you drive a sports car, at an average of $2,419 per year.

On average, it costs up to $203 more per year to purchase a full coverage policy for a sports car than for a Toyota Camry in Kentucky.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$897Monthly Premium$75
TravelersAnnual Premium$939Monthly Premium$78
NationwideAnnual Premium$1,217Monthly Premium$101
GEICOAnnual Premium$1,398Monthly Premium$117
AllstateAnnual Premium$1,536Monthly Premium$128
State FarmAnnual Premium$1,755Monthly Premium$146
ProgressiveAnnual Premium$2,419Monthly Premium$202

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

Cheapest Car Insurance in Kentucky for Military Drivers (June 2024)

Auto-Owners is the cheapest company for car insurance in Kentucky if you are a military member or veteran, at an average cost of $876 per year.

Although USAA is not the cheapest, its policies are tailored to the needs of military members. USAA full coverage car insurance costs an average of $1,037 per year in Kentucky and is available in all states.

GEICO is another great choice for military-affiliated drivers because it has specific discounts for them that can reduce a policy's cost by as much as 15%.

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MoneyGeek Top Pick
Auto-Owners
  • $876 per year
  • First out of 13 insurers for affordability

Auto-Owners Insurance Co does not offer a military discount; however, it still ranks as the cheapest in Kentucky for its coverage.

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 Auto-Owners Insurance Co costs $1,014 per year in Lexington-Fayette, whereas a policy from Travelers costs $1,207 per year in Louisville/Jefferson. Insurance rates can vary between cities, even when purchasing the same policy from the same company.

Lexington-FayetteCheapest CompanyAuto-Owners Insurance CoAnnual Premium$1,014
Louisville/JeffersonCheapest CompanyTravelersAnnual Premium$1,207

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, property damage coverage and personal injury protection (PIP). State minimum policies are the cheapest option if you want to save on costs, but you risk having insufficient coverage in case of an at-fault 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.

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    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.

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    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 limit 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 liability per accident.

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

MoneyGeek also advises that drivers with high-value cars add comprehensive and collision insurance, even if they own their vehicle outright.

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.

FAQ: 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.

Which company offers the cheapest car insurance in Kentucky?
Should you buy the cheapest car insurance available in Kentucky?

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?
Malcolm Robinson, Ph.D.
Malcolm Robinson, Ph.D.Professor of Economics at Thomas More University
Jonathan Handy
Jonathan HandyAssistant Professor of Finance at Western Kentucky University

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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