Average cost of car insurance in Kentucky for 2021

Kentucky is the least expensive state in the nation, with Kentucky’s car insurance rates dropping in line with these findings. The cost of car insurance in Kentucky ranges from $748 to $21,128 per annum, depending on whether you select minimum or full coverage. If you are familiar with the factors that influence car insurance rates, there are many ways to beat this state average.

What is the cost of car insurance in Kentucky?

Kentucky’s annual rates for minimum insurance are $748 and $2,128 respectively. This is higher than the average cost of car insurance, which is $565 per year for minimum coverage and $1,674 per year for full coverage.

You may find that your quotes are higher than or equal to the average when you shop around. While your state’s insurance requirements may impact the cost of coverage, there are other factors that could save you money or make it more expensive. These are:

  • Insurance company: Progressive and Geico are two of the most well-known insurers for providing affordable car insurance.
  • Gender: Based on accident statistics, women typically pay less for insurance than men.
  • Age: The highest vehicle coverage rates for younger drivers are those who are less experienced, usually because they have less experience.
  • Driving record: Kentucky insurance is cheaper for drivers who have not been in an accident or received speeding tickets in the past few years.
  • City: Rates in larger cities are usually higher due to the greater number of residents, claims statistics, and accidents.

These factors can have a dramatic impact on your monthly premiums.

Kentucky auto insurance rates by company

The rates for car insurance in Kentucky vary widely between carriers. Bankrate’s analysis of the lowest car insurance in Kentucky revealed that Westfield Insurance’s premiums were nearly six times lower than the highest priced carrier (MetLife) when it comes to minimum coverage. It is important to compare quotes from top car insurance companies to make sure you get the best rate.

Car insurance companyMinimum coverage: Average annual premiumFor full coverage, the average annual premium
Allstate$1,036$3,515
Electric Insurance Company$842$2,702
Geico$446$1,567
Grange$833$1,709
Kentucky Farm Bureau$397$1,754
MetLife$1,842$3,726
Motorists$443$1,914
Nationwide$720$1,645
Progressive$926$2,150
SafeAuto$996$2,523
Shelter$1,152$2,400
State Auto Insurance$932$2,015
State Farm$477$1,540
USAA$376$1,466
Westfield$361$1,724

Kentucky auto insurance rates by location

These rates are for the top 20 largest cities in Kentucky. They show how different car insurance rates can be based on where you live.

CityFor full coverage, the average annual premiumIncrease of % in the average annual premium
Louisville$2,2747%
Lexington$1,662-22%
Bowling Green$1,654-22%
Owensboro$1,603-25%
Richmond$1,685-21%
Frankfort$1,777-16%
Elizabethtown$1,833-14%
Florence$1,606-25%
Hopkinsville$1,776-17%
Paducah$1,818-15%
Nicholasville$1,711-20%
Georgetown$1,688-21%
London$2,33710%
Somerset$2,017-5%
Henderson$1,771-17%
Winchester$1,724-19%
Ashland$1,805-15%
Glasgow$1,761-17%
Covington$1,634-23%
Murray$1,764-17%

Kentucky car insurance rates based on age

Kentucky auto insurance rates are affected by gender and age more than geographic location. For younger drivers, it is important to take advantage of age-related discounts such as defensive driving classes or student discounts. You may also want to consider adding a parent policy to get significant savings on your car insurance.

AgeKentucky’s average annual premium
Age 16$3,593
Age 17$3,094
Age 22$3,667
Age 25$2,852
Age 30$2,482
Age 35$2,414
Age 40$2,356

*16-year old and 17-year-old based on parent’s policy disclosure

Kentucky driving record can lower your car insurance rates

A single speeding ticket, drunk driving or accident conviction in Kentucky could increase your annual insurance premiums by hundreds of thousands to thousands.

Accident while drivingKentucky’s average annual premium for full coverageIncrease of % in the average annual premium
Speeding ticket$2,59622%
Accident$3,10646%
DUI$4,09893%

How to Save on Kentucky Car Insurance

According to Bankrate’s findings, there are many unique ways to save money on state premiums.

  • Accident forgiveness: Kentucky car insurance can cost you at least 46% more after an injury claim. Signing up with a carrier that doesn’t raise your rates after an accident could save you a lot of money over the years.
  • An approved defensive driving course can lower your premium by three years. Many courses can be completed online within hours or over the weekend.
  • Multi-vehicle: Young people face the highest rates. They should think about insuring their vehicle through parent’s insurance. You can get discounts on all vehicles for the parent.
  • Safe driver: By practicing safe driving habits, you can avoid speeding tickets and accident claims. This could lead to larger discounts in the future.

Kentucky requirements for car insurance

Kentucky’s car-insurance laws require that all drivers have at least 25/50/25 liability coverage. This means:

  • $25,000 per person for bodily injury coverage
  • $50,000 per accident for bodily injury coverage
  • $25,000 per accident for property damage insurance

No-fault insurance rules are unique to the state. Single-limit policies are permitted as long as the driver is responsible for $60,000 in financial obligations. Drivers are advised to have $10,000 Personal Injury Protection (PIP), coverage to cover their medical expenses and lost earnings. They will have to pay their own expenses if they don’t.

Questions frequently asked

What amount of car insurance do you need in Kentucky

Liability insurance must be at least $25,000 per individual and $50,000 per accident in case of bodily injury. It also needs to cover $25,000 for property damages. The minimum state requirement is not sufficient as it doesn’t provide any reimbursement for car repairs or replacement. Full coverage is available with car insurance.

What are the best car insurance companies in Kentucky that offer the lowest rates?

Kentucky Farm Bureau, USAA, Westfield offer basic coverage and the most affordable car insurance in Kentucky. The state’s lowest average rates for full coverage are offered by USAA, Geico, and State Farm.