Car insurance is a necessity for drivers in Kentucky, but finding the most affordable coverage can be a challenge. In this article, we will explore the key takeaways regarding car insurance in Kentucky, including the cheapest providers, average costs, coverage requirements, and additional information to help you make an informed decision.
Key Takeaways:
Geico, State Farm, Travelers, USAA, and Shelter Insurance are the cheapest car insurance providers for most drivers in Kentucky based on our rate data.
Kentucky car insurance costs $2,522 per year on average for a full-coverage insurance policy, roughly 25% more expensive than the national yearly average of $2,008 according to our rate data estimates.
Minimum liability auto insurance coverage costs $682 per year on average in Kentucky, about 8% more expensive than the national average of $627 per year.
Many of the companies that offer the cheapest car insurance in Kentucky are among the nation’s top providers. In this article, we at the MarketWatch Guides team provide cost estimates for drivers from different profiles and a list of recommended providers for car insurance in Kentucky.
Who Has The Cheapest Car Insurance in Kentucky?
Geico offers the cheapest car insurance in Kentucky. On average, you can expect the rates from the company to be $429 per year for minimum liability policies and $1,583 per year for full-coverage plans.
Best Car Insurance Rates In Kentucky
Rates for auto insurance vary based on several factors, so the cheapest rates for you will depend on your unique situation. Below, we’ve broken down the lowest rates for each category of coverage.
Best Car Insurance Companies Kentucky
Through our research, we’ve found that the five best car insurance companies in Kentucky are:
– Geico
– State Farm
– Travelers
– USAA
– Shelter Insurance
Click on any of our top providers listed to learn more about their offerings. Our average rates are based on the profile of an unmarried 35-year-old driving a 2022 Toyota Camry with a clean driving record and good credit (unless noted otherwise), as it’s representative of a large group of drivers unaffected by factors that raise rates.
We break down the cheapest large and midsize insurance companies in Kentucky below.
Cheapest Large Insurance Companies in Kentucky
According to J.D. Power, large insurers are ones that have written $4.5 billion or more in direct premiums for personal auto. Among large insurance companies, Geico, State Farm, Travelers, USAA, and Progressive are the cheapest in Kentucky. In fact, you’ll find some of the lowest rates in the state with these providers.
Cheapest Midsize Insurance Companies in Kentucky
J.D. Power defines midsize insurers as those that have written between $1 and $4.499 billion in direct premiums for personal auto. Among midsize providers, we found that Shelter Insurance, Kentucky Farm Bureau, and Auto Owners offer the cheapest rates for drivers in Kentucky. You can compare their average rates and our cost ratings below.
The rates you receive will vary widely depending on your driving profile. To give you a better idea of what you might pay for car insurance, we’ve broken down the cheapest companies by coverage level, age, and driving record.
Cheapest Car Insurance Coverage in Kentucky
The level of coverage you choose has a major impact on how much you’ll pay for auto insurance. Quotes from providers typically include estimates for minimum liability and full-coverage car insurance.
Cheapest Liability Car Insurance Kentucky
Young drivers can pay significantly more for car insurance than older drivers. The tables below show the cheapest car insurance for young drivers in Kentucky, along with estimated monthly and annual costs.
Geico typically offers the cheapest liability car insurance in Kentucky at average rates of $36 per month or $429 per year.
Cheapest Full-Coverage Car Insurance Kentucky
Geico offers the cheapest full-coverage car insurance in Kentucky, costing an average of $132 per month or $1,583 per year.
Cheapest Car Insurance for Young Drivers in Kentucky
Young drivers typically pay more for car insurance coverage than those with age on their side because they have less experience behind the wheel. In 2024, young Kentucky drivers can find the best rates with Geico, according to research done by the MarketWatch Guides team. The tables below show the cheapest full-coverage auto insurance providers and their respective prices for Kentucky drivers aged 16 through 25.
Cheapest Kentucky Car Insurance for 16-Year-Olds
Geico offers the cheapest rates for 16-year-old drivers in Kentucky at an average cost of $442 per month.
Cheapest Kentucky Car Insurance for 17-Year-Olds
Geico tends to be the cheapest provider in Kentucky for 17-year-olds at an average cost of $240 per month.
Cheapest Kentucky Car Insurance for 18-Year-Olds
Geico has the cheapest rates for 18-year-olds in the Bluegrass State at $231 per month, according to our research.
Cheapest Kentucky Car Insurance for 19-Year-Olds
At a rate of $188 per month on average, Geico offers the lowest rates for 19-year-olds in Kentucky.
Cheapest Kentucky Car Insurance for 21-Year-Olds
Geico offers the cheapest rates for 21-year-old drivers in the Bluegrass State at an average cost of $145 per month.
Cheapest Kentucky Car Insurance for 25-Year-Olds
At $155 per month, Travelers offers the cheapest rates on average for 25-year-old drivers in Kentucky.
Cheapest Car Insurance in Kentucky for Seniors
Geico and State Farm offer the cheapest car insurance in Kentucky for 65- and 75-year-old drivers. Below we’ll break down costs for auto insurance in the state for seniors in these age groups.
Cheapest Kentucky Car Insurance for 65-Year-Olds
Geico is the cheapest provider in the Bluegrass State for 65-year-olds at average rates of $91 per month.
Cheapest Kentucky Car Insurance for 75-Year-Olds
State Farm is the cheapest provider for 75-year-olds in Kentucky at an average rate of $107 per month.
Cheapest Car Insurance in Kentucky for High-Risk Drivers
Geico and State Farm are tied as the cheapest overall car insurance providers in Kentucky for those with bad driving records. If you have a poor credit score, Geico is your cheapest option. The sections below detail the average monthly and annual rates for drivers that fall into one of these categories.
Cheapest Kentucky Car Insurance for Drivers With a Speeding Ticket
Geico typically offers the cheapest car insurance for drivers in Kentucky with a speeding ticket at an average rate of $138 per month.
Cheapest Kentucky Car Insurance for Drivers With a Recent Accident
State Farm has the cheapest full coverage for Kentucky drivers who’ve been in a recent accident at a cost of $175 per month on average.
Cheapest Kentucky Car Insurance for Drivers With a DUI
State Farm tends to offer the cheapest full coverage auto insurance for drivers in Kentucky with a DUI at an average cost of $164 per month.
Cheapest Kentucky Car Insurance for Drivers With Poor Credit
Geico has the cheapest full coverage for drivers with bad credit in the Bluegrass State at an average cost of $170 per month.
Cheap Car Insurance Quotes Kentucky
The best way to find cheap car insurance in Kentucky, like in any state, is to compare multiple providers and look for deals or discounts in your area. We also recommend talking to a local insurance agent to learn more about how to save money on car insurance in your state.
Car Insurance Discounts in Kentucky
Highlighted below are some auto insurance discounts available from our top picks for the cheapest car insurance in Kentucky:
Kentucky Car Insurance Discounts
– Geico
– State Farm
– Travelers
– USAA
– Shelter Insurance
Here’s more information on the standard types of discounts offered by the best car insurance companies:
Multi-policy: Applies if you bundle two or more insurance policies with the same provider.
Multi-vehicle: Insure multiple cars under the same policy or combine multiple car insurance policies.
Military: Typically applies to both veterans and active-duty military members.
Senior: Applies to policyholders who are 55 or older.
Homeowners: Applies to those who own a home.
Good student: Usually applies to both college and high school students under 25 who maintain a B average or better in their courses.
Good driver: Applies to those maintaining a clean driving record (with no at-fault accidents, DUIs, or traffic tickets in the last three years).
Defensive driving: Applies if you take a qualifying defensive driving course.
Driver training: Get a discount by taking a driver education training course.
New car: Applies to drivers who purchased a car that’s no more than three years old.
Safe car: Applies if your vehicle has safety features such as anti-theft technology.
Paperless: Opt to receive your documents through email for a discount.
Pay-in-full: Save by paying your car insurance premium in full upfront.
Best Cheap Car Insurance in Kentucky
The best car insurance rates in Kentucky are provided by Geico, State Farm, Travelers, USAA, and Shelter Insurance. Below, we detail each company’s offerings, reputation, customer ratings, and history.
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
In conclusion, finding affordable car insurance in Kentucky is possible with the right research and comparison of providers. By understanding the key takeaways, coverage requirements, and available discounts, you can make an informed decision on the best car insurance for your needs.