Find Cheaper Kentucky Car Insurance Rates in 2024
Enter your Kentucky zip code below to view companies that have cheap auto insurance rates.
Projected insurance prices in Kentucky for 2024 are $1,918 every 12 months including full coverage. Comprehensive, collision insurance, and liability insurance cost an estimated $426, $780, and $496, respectively. Louisville, Frankfort, and Jeffersontown have more expensive rates, and the two companies who insure the most vehicles in Kentucky are State Farm and Kentucky Farm Bureau.
Average rate for full coverage: $1,918
Policy rates broken down by type of coverage:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Cost of Car Insurance in Kentucky
For the normal driver, Kentucky insurance rates range from the cheapest price of $588 for basic liability insurance to the much higher price of $4,142 for a driver who requires high-risk insurance.
These price differences highlight why everyone should compare rates quotes for a targeted area and their own driving history, rather than relying on rates averaged for all U.S. states.
Use the form below to get accurate rates for your location.
Enter your Kentucky zip code below to view companies that have cheap auto insurance rates.
Recommended Companies for Cheap Kentucky Insurance
The chart above shows average Kentucky auto insurance rates for various coverage choices and risks. The lowest rate with discounts is $1,101. Drivers choosing higher $1,000 deductibles will pay $1,644. The average rate for a driver around age 40 using $500 deductibles is $1,918. Selecting more expensive $100 deductibles for collision and other-than-collision coverage will cost more, up to $2,450. If you have multiple accidents and violations you could be charged around $4,142. The rate for full coverage insurance for a teenage driver can climb as high as $7,054.
Insurance rates in Kentucky also range considerably based on liability limits and deductibles, your driving characteristics, and your choice of vehicle.
Opting for high physical damage deductibles can reduce rates by up to $810 each year, whereas buying more liability protection will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $447 more per year. View Rates by Deductible or Liability Limit
The type of car, truck, or SUV you buy is a primary factor in determining the cost of auto insurance coverage in Kentucky. Driving a lower-cost and safer model will have a lower insurance cost primarily due to lower repair costs and lower severity of accident injuries.
The following table shows insurance cost estimates for the top vehicles that are insured in Kentucky.
| Make and Model | Premium | % to Avg |
|---|---|---|
| Chevrolet Silverado | $2,024 | 5.2% |
| Dodge Ram | $2,080 | 7.8% |
| Ford Escape | $1,596 | -20.2% |
| Ford Focus | $1,856 | -3.3% |
| Ford Fusion | $2,034 | 5.7% |
| Ford F-150 | $1,802 | -6.4% |
| GMC Acadia | $1,766 | -8.6% |
| GMC Sierra | $1,992 | 3.7% |
| Honda Accord | $1,788 | -7.3% |
| Honda Civic | $2,096 | 8.5% |
| Honda CR-V | $1,554 | -23.4% |
| Honda Pilot | $1,822 | -5.3% |
| Hyundai Sonata | $1,946 | 1.4% |
| Kia Optima | $1,982 | 3.2% |
| Nissan Altima | $1,972 | 2.7% |
| Nissan Rogue | $1,926 | 0.4% |
| Toyota Camry | $1,954 | 1.8% |
| Toyota Corolla | $1,912 | -0.3% |
| Toyota Prius | $1,780 | -7.8% |
| Toyota RAV4 | $1,808 | -6.1% |
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Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Your choice of car insurance company influences the cost of coverage. Every insurance company has their own rate formula, and prices have large differences depending on individual risk factors.
In Kentucky, auto insurance prices range from $1,104 with Cincinnati Insurance to as much as $3,788 with Allstate. Other companies like Kentucky Farm Bureau, USAA, and Auto-Owners are neither the lowest or highest. That is probably not the prices you would pay, as where you live in Kentucky, the type of vehicle you drive, and any driving violations have to be considered.
| Rank | Company | Market Share | Average Rate |
|---|---|---|---|
| 1 | State Farm | 24.51% | $1,830 |
| 2 | Kentucky Farm Bureau | 18.04% | $1,151 |
| 3 | Allstate | 7.61% | $3,788 |
| 4 | Liberty Mutual | 7.29% | $3,671 |
| 5 | Progressive | 7.00% | $2,098 |
| 6 | Geico | 6.54% | $2,389 |
| 7 | USAA | 4.39% | $1,199 |
| 8 | Nationwide | 3.48% | $2,044 |
| 9 | State Auto | 1.91% | $2,210 |
| 10 | Shelter Insurance | 1.87% | $3,199 |
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Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
A more mature driver with a clean driving record and higher deductibles could pay as little as $1,800 every 12 months on average, or $150 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $7,000 a year. View Rates by Age
The city you live in also has a big influence on auto insurance rates. Areas with less crime and congestion could see prices as low as $1,500 a year, while some neighborhoods in Louisville and Frankfort may have prices as high as $3,000. Even areas close to each other in the same city can have large rate differences.
These wide price ranges illustrate the significance of getting rates for your specific zip code.
If you have a few points on your driving record or you were responsible for an accident, you are likely paying $2,200 to $3,100 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 44% to 128% more than the average rate. View High Risk Driver Rates
Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to regularly compare rates from as many companies as possible. Every auto insurance company utilizes a different rate formula, so the rates will be varied.
Kentucky Auto Insurance Articles
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $7,054 |
| 20 | $4,426 |
| 30 | $2,008 |
| 40 | $1,918 |
| 50 | $1,750 |
| 60 | $1,714 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,450 |
| $250 | $2,202 |
| $500 | $1,918 |
| $1,000 | $1,644 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,918 |
| 50/100 | $2,017 |
| 100/300 | $2,141 |
| 250/500 | $2,464 |
| 100 CSL | $2,067 |
| 300 CSL | $2,340 |
| 500 CSL | $2,538 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $10,076 |
| 20 | $7,030 |
| 30 | $4,242 |
| 40 | $4,142 |
| 50 | $3,950 |
| 60 | $3,914 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $102 |
| Multi-vehicle | $99 |
| Homeowner | $27 |
| 5-yr Accident Free | $144 |
| 5-yr Claim Free | $123 |
| Paid in Full/EFT | $90 |
| Advance Quote | $96 |
| Online Quote | $136 |
| Total Discounts | $817 |
Discounts are estimated and may not be available from every company or in every state.
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