Cheapest car insurance companies in Louisville 

According to a study by Insurance.com, the cheapest car insurance companies in Louisville for 2023 are Auto-Owners and Travelers

Auto-Owners has the cheapest car insurance rates in Louisville at an average cost of $1,949 per year.

In Louisville, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates. 

CompaniesAverage annual rates
Auto-Owners$1,949
Travelers$1,956
USAA$1,983
Kentucky Farm Bureau$2,163
Shelter Insurance$2,196
Geico$2,236
State Farm$2,604
Progressive$3,165
Allstate$3,395
Farmers$4,081

Cheapest car insurance cost in Louisville by Age Group 

Auto-Owners stands out as Louisville's cheapest auto insurance company for teen drivers at an average annual of $5,715. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups. 

Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.

USAA provides the cheapest car insurance coverage for young drivers in Louisville, with an annual premium of $2,980 on average.

As Louisville drivers transition into their 30s, they can enjoy significantly lower auto insurance costs compared to their 20s. Travelers stands out as the cheapest car insurance option for adult drivers, with an annual premium of $1,978

Travelers is the cheapest option for senior drivers in Louisville, with an average premium of $1,979 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
FarmersN/AN/A$3,796$3,707
Auto-Owners$5,715$3,366$1,985$2,113
Kentucky Farm Bureau$6,029$3,729$2,111$2,038
Shelter Insurance$6,038$3,956$2,241$2,044
Travelers$6,211$3,007$1,978$1,979
USAA$6,413$2,980$2,001$2,088
State Farm$7,129$4,145$2,609$2,466
Geico$7,371$3,948$2,285$2,554
Progressive$9,604$5,135$3,187$3,162
Allstate$9,929$5,424$3,465$3,513

Cheapest car insurance companies in Louisville by driver profile 

Car insurance rates in Louisville vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations

Comparison shopping is the key to getting the cheapest car insurance rates in Louisville. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.

Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Louisville drivers based on driver profile.

Geico has the cheapest rates for Louisville drivers with poor credit looking for affordable auto insurance. At an annual cost of $2,191, Geico offers substantial savings among the insurers analyzed.

Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Louisville.

CompanyAverage annual rates
Geico$2,191
Nationwide$3,107
State Farm$3,136
USAA$3,555
Travelers$3,628
Allstate$4,628
Progressive$4,869

In Louisville, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,603, on average. 

Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.

CompanyAverage annual premium
State Farm$1,603
USAA$2,289
Geico$2,488
Travelers$2,816
Nationwide$3,049
Allstate$3,050
Progressive$3,775

Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.

Drivers in Louisville with at-fault accidents on their driving records can find the cheapest car insurance rates with State Farm. Its full coverage policy costs an average of $1,710 annually.

CompanyAverage annual rates
State Farm$1,710
Travelers$2,858
USAA$3,073
Geico$3,185
Nationwide$3,450
Allstate$4,438
Progressive$5,038

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Louisville. On average, its annual full coverage rate is $1,603, making it a significantly cheaper option than other insurance providers.

A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums. 

CompanyAverage annual rates
State Farm$1,603
USAA$3,127
Travelers$3,600
Allstate$4,006
Progressive$4,658
Nationwide$4,778
Geico$5,729

Average car insurance cost in Louisville 

The average car insurance rate in Louisville for full coverage is $2,359 per year or $197 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Louisville is $776 per year. 

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$2,359$776

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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