Kentucky is the horse capital of America. But it’s not all about bluegrass. It is home to more than 3 million drivers and it is also one the most dangerous states to drive in snow and rain. These are two very common weather patterns for Kentucky. Although the number of crashes has declined by 1.4% in 2018, most drivers still have the potential to cause property damage if an accident occurs.
It is common to be involved in a Kentucky traffic accident, regardless of your driving record. It is essential to have adequate insurance coverage. Kentucky’s higher accident risk means that car insurance rates are higher than in other states. Kentucky is therefore more expensive than the rest of the country.
It is possible to get affordable car insurance in Kentucky. Bankrate compared the market shares of the largest providers in Kentucky to help you find the best auto insurance. To streamline your search, we keep an eye on the insurance industry and include current quoted premiums as well as reviews of insurance carriers.
Kentucky has the cheapest car insurance
Kentucky drivers pay more for full and minimum coverage car insurance than the national average. The national average for minimum coverage is $565 per year and for full coverage it’s $1,674 per year. However, Kentucky drivers pay $183-$454 more each year.
Kentucky’s average car insurance cost is $748 per annum and $2,128 for full and minimum coverage. Cheap car insurance rates are almost every Kentucky driver’s dream. However, quality should not be sacrificed for this reason.
The best car insurance providers are also the most affordable in Kentucky. These five companies are distinguished based on their average rates, coverage options and financial strength.
Geico
Geico has been a trusted provider in the United States for 85 years. Geico’s name does not mean that Kentucky drivers will be paying more for their insurance. It offers full coverage premiums starting at $560 less than the average state rate. Geico’s coverage options may be limited, but its discounts are numerous, so drivers can save even more if they choose the right ones.
Policyholders who aren’t in an accident might be eligible for the good driver discount. This can reduce premiums up to 22%. A new vehicle purchase could be eligible for an additional 15% discount. This discount may also apply if it is insuring another vehicle under the same policy. Geico is a top-rated company for customer service and claims satisfaction.
Kentucky Farm Bureau
Although the local insurance provider was founded by farmers to sell policies, members can now enjoy discounts and receive low monthly fees. Kentucky Farm Bureau is the state’s second-highest provider of car insurance policies. This may be due to Kentuckians’ trust in it.
Every Kentucky county has agents. Each policyholder gets a personal agent to help them, which makes the service more personalized. Kentucky Farm Bureau offers discounts like accident-free, good students, defensive driving course and anti-theft devices. It also offers driver training and policy bundleling.
State Farm
State Farm is the most popular insurance provider in the country, even in Kentucky. Despite having higher premiums, Kentucky’s average car insurance rates are still well below the national average. Drivers may choose to buy State Farm coverage, even though it isn’t the most affordable.
State Farm is ranked competitively in customer satisfaction according to the 2020 J.D. Power Auto Claims Study. This shows that, even though State Farm is a large insurer paying out claims and maintaining customers’ proper insurance remains a top priority. State Farm also has an AM Best A++ (Superior), rating, which further enhances its financial stability. Drivers are likely to find at most a few discounts to lower their monthly premiums, thanks to a variety of discounts. There are discounts for students, safe drivers, and people with safety equipment.
USAA
Since 1922, USAA has offered affordable insurance to military families. USAA membership is available to those who are members of the armed force or have a family member serving in the military. USAA’s full coverage car insurance in Kentucky costs $1,466 annually. This organization is financially strong and has high customer satisfaction ratings. USAA offers several car insurance discount to its members.
The savings options offered by the USAA policy on auto insurance may make it attractive. Kentucky offers discounts such as safe driver, new car, annual mileage discount, family discount and length of membership. The launch of a new telematics program to help safe drivers has resulted in a potential saving of up to 30% for policy renewals.
Westfield
Westfield, a regional provider with limited coverage, packs a punch. The minimum coverage policy is $361 per annum, making it the most affordable option on our list. But Westfield also offers more robust policies, like its Wespak policy which can combine loan coverage, trip coverage, replacement cost coverage, and more to meet your needs.
Standard Westfield Kentucky car insurance policies provide all required coverages and roadside assistance. Its high customer satisfaction scores in the North Central region may impress policyholders more than larger national providers. Drivers may choose Westfield to insure their motorcycles, campers and other vehicles with a high-quality customer experience.
Kentucky drivers must have minimum coverage
Kentucky car insurance law makes car insurance mandatory. Every motorist must have basic coverage in order to drive legally. These are the minimum car insurance requirements for Kentucky:
- $25,000 bodily injury liability per individual
- $50k bodily injury liability per accident
- $25,000 property damage per accident
- Personal injury coverage up to $10,000
Kentucky is also a non-fault state. This means that the insurer will pay your claim regardless of fault. Premiums in no-fault states are more expensive because they pose a greater risk to insurance companies.
In addition to causing license suspension and fines, it can also lead to significant out-of pocket expenses for unexpected accidents. There was a sharp increase in vehicle theft between 2015 and 2019. Additionally, rain and storms cause significant vehicular damage each year. These factors are not covered by the minimum amount of insurance, so you will need additional coverage.
How to Get Cheap Kentucky Car Insurance
Insurance is state-regulated. However, insurance costs vary depending on where you live, how many people live there, and the risk of being involved in an accident. There are some cities in Kentucky that are more affordable than others. However, the following steps can help you reduce your insurance rates, regardless of where you live.
- Insurance companies will reward safe drivers with clean records. Good driving habits and discounts for safe driving are common among many insurance companies. This is why having a clean record, without any claims or accidents, can help you reduce your premium even in Kentucky.
- You can secure your car. Many drivers get discounts on their auto insurance by having various safety devices in their vehicle. Insurers may offer discounts for you if you have anti-lock brakes or electronic stability control.
- Compare quotes from multiple providers when shopping for auto insurance in Kentucky. Experts recommend that you keep the same coverage options when getting quotes to ensure that you can compare prices and find the most affordable provider.
- You can pay your premium in full if you are able to afford it. Many insurance companies offer a price reduction if the premium has been paid in full.
- You can reduce your premium by increasing your deductible. This option works best if you plan for higher out-of pocket costs after a claim to ensure you don’t put additional strain on your finances.
Questions frequently asked
What is the best type of car insurance in Kentucky
There will be a variety of best car insurance companies available in Kentucky. It is a good idea to compare all providers and then find the best deal. Talk to a licensed agent if you have any questions about your options.
What is the best car insurance in Kentucky?
Many insurance companies offer competitive rates and discounts in Kentucky. Insurance rates can be personalized, and each person’s coverage needs will vary. Compare options for the best Kentucky auto insurance.
What is the average cost for car insurance in the United States?
The average annual cost of car insurance is $1,674 in the United States. Kentucky is the most expensive state in the country. Full coverage costs $2,128 per year, while minimum coverage costs $748 per year.
What coverage do I need in Kentucky?
It depends. The state does not require full coverage car insurance. If your vehicle is financed, leased or rented, your lender may require you to have comprehensive and collision coverage. To reduce the risk of being liable for any accident-related expenses, it is a good idea to have higher liability limits. You may be required to have higher liability limits if your vehicle is leased.
What are the best ways to get the lowest insurance rate in Kentucky
Obtaining multiple quotes from different providers is one way to get the best auto insurance rates. It is important to look at customer service, financial strength, and coverage options when looking for the lowest auto insurance rate. This will ensure that you don’t sacrifice the qualities you value in an insurer.