Auto Insurance in Kentucky
Kentucky’s auto insurance rates are right in line with the national average — $1,753 per year, compared to $1,669 nationwide. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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Kentucky is a predominantly rural state with a few metropolitan centers. The state has a diverse geography that includes mountains, knolls, a large river valley, and the world’s longest cave system. Severe weather can cause flooding in areas with lakes and rivers. The state also experiences several tornadoes per year. Residents should consider getting car insurance policies that will protect them from damage caused by floods and tornadoes.
Kentucky Minimum Liability
Kentucky has a fairly low auto insurance coverage requirement compared to the recommended coverage of 50/100/50. With 50/100/50, you get $50,000 per person and $100,000 per accident to cover bodily injuries. You also get $50,000 to cover property damage. In many cases, even this is not enough to protect drivers.
In 2013, the average property damage claim was $3,231. The average claim for bodily injury was $15,443. Since these are averages, though, about half of claims that year were higher. This is bad news for policyholders who may not have as much protection as they think. Once expenses exceed your policy’s limits, you will either have to pay out of your own pocket or go into debt. This is why it’s best to choose a policy with 100/300/100 coverage.
Getting quotes and policy descriptions from several car insurance companies will help you choose an affordable option that matches your needs. Since each insurance company looks at your driver profile in a unique way, some may offer lower prices. Getting quotes from several Kentucky auto insurance companies requires some effort, but it could help you save hundreds of dollars a year.
Cheapest Car Insurance in Kentucky
- $1,309State Farm
- $1,050Kentucky Farm Bureau
- $2,780Liberty Mutual
If price is your biggest concern, then you should already be focused on getting quotes and policy details from a variety of providers. However, we’ve found that these are the cheapest auto insurers in Kentucky.
Choosing a low-cost insurer will ensure that your premiums are more affordable than more service-based companies. Some companies, though, cut costs by reducing customer service staff and making it harder for policyholders to get reimbursed. Many of the low-cost insurers are also national corporations that you may find less intimate than local companies.
If you care more about saving money than getting good services, then you should definitely explore policies from these companies.
Most Popular Companies by Marketshare
- State Farm
- Kentucky Farm Bureau
- Liberty Mutual
This list includes the most popular auto insurance companies in Kentucky. Part of the reason they’re popular is that they focus on the unique needs of Kentucky drivers. With that said, a large advertising budget plays an important role in popularity. Companies that spend a lot of money on advertising usually have good name recognition, but that doesn’t necessarily mean they offer the best coverage options or rates.
Getting quotes from these companies may help you find an affordable policy that matches your coverage needs. Make sure you take time to get quotes from less popular companies, too. If you don’t, you could miss a great deal that saves you money and keeps you protected.
Choosing the Best Car Insurance in Kentucky
Since it’s important for drivers to choose insurance providers that they will want meet their needs for many years, you should get quotes from these companies. There is a good chance that one of them is the right choice for you.
Our researchers look at several factors when selecting the top car insurers in Kentucky. Top-rated companies offer fair premiums with opportunities for policyholders to earn discounts. They also provide extensive coverage options to match the unique needs of Kentucky’s drivers. The best insurance companies provide excellent customer services, including fair claims processes that include talking to real agents. Since you will ideally use these companies throughout your life, our researchers even look at the financial strength of Kentucky’s insurance providers.
Where is car insurance most affordable?
Your exact car insurance costs will vary based on where in the state you live.
Urban areas like Louisville tend to have higher insurance rates than smaller cities and towns.
Although prices are higher in some parts of Kentucky than others, practically every city’s premiums are higher than the national average. That makes it even more important for Kentucky drivers to compare quotes from several companies. Each insurance provider has a slightly different way of reviewing your driver profile. That often means that some companies will offer lower prices on the coverage you need.
Louisville Auto Insurance
Louisville is Kentucky’s largest city, and has a population of more than 600,000 people. The city was founded by settlers who encountered falls in the Ohio River, which is rather wide. These falls forced travelers to stop their progress, so entrepreneurs opened businesses to meet their needs. The falls also prevented shipping boats from moving south. Today, there is a system of locks and pumps that makes it easier for barges to cross the Falls of the Ohio. Before this system was built, shippers had to circumvent the falls by land. Louisville has the state’s highest premiums. It is higher than the state average and considerably higher than the national average.
Lexington Auto Insurance
Lexington is primarily a college town where students attend the University of Kentucky and Transylvania University, which are both located near downtown. The city’s outer edges consist of various shopping districts and neighborhoods. With more than 140,000 residents, Lexington is Kentucky’s second-largest city. Compared to the state average, Lexington drivers pay a low price for their car insurance premiums. Unfortunately, drivers still pay more than the national average.
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