- How much is car insurance in Kentucky?
- Kentucky car insurance rates by company
- Kentucky car insurance costs by coverage level
- Kentucky car insurance by driver profile
- Kentucky car insurance rates by age group
- How much does car insurance cost in Kentucky per month?
- Kentucky car insurance discounts
- Car insurance requirements in Kentucky
- Car insurance rates in Kentucky by model year
- Compare auto insurance rates by city in Kentucky
- Car insurance premium trends in Kentucky
- Methodology
- Compare Kentucky car insurance rates with other states
How much is car insurance in Kentucky?
The average cost of car insurance in Kentucky is $2,228 annually for full coverage. However, these rates vary considerably based on factors like age, coverage levels, driving record and the make and model of the vehicle.
For example, younger drivers and males pay higher insurance rates, as do drivers with poor driving records.
Kentucky drivers who only want to carry the minimum car insurance can expect to pay an average of $606. However, collision and comprehensive coverages aren't included, so any damage to your vehicle in an at-fault accident would be paid out of pocket.
"While most of us are reviewing our household budgets to see where we may be able to cut corners, your car insurance policy shouldn't be one of them. If you are considering saving money buying a liability-only auto insurance policy, the minimum legal coverage in most states, think first about what it will cost you when you need to file a claim for any injuries or damage to your vehicle other than those of the other victims when you cause a crash," says Carole Walker, executive director of the Rocky Mountain Insurance Association, a nonprofit consumer insurance information organization.
| Average annual premium | Average monthly premium |
|---|---|
| $2,228 | $186 |
Kentucky car insurance rates by company
Every car insurance company uses its own criteria for determining rates. For example, while some emphasize age, others look closely at driving records. Because of this, Kentucky car insurance rates vary significantly from company to company.
The table below compares average Kentucky car insurance rates from top-rated companies for different coverage levels. On average, Kentucky Farm Bureau is the cheapest car insurance company in Kentucky.
| Company | State minimum | Liability-only | Full coverage |
|---|---|---|---|
| Kentucky Farm Bureau | $326 | $522 | $2,113 |
| Geico | $508 | $798 | $2,106 |
| Auto-Owners | $588 | $713 | $1,911 |
| Travelers | $609 | $732 | $1,804 |
| Shelter Insurance | $633 | $802 | $1,917 |
| State Farm | $715 | $953 | $2,753 |
| Progressive | $758 | $1,043 | $2,714 |
| Allstate | $890 | $1,161 | $3,127 |
| Farmers | $1,039 | $1,355 | $3,548 |
| USAA | $533 | $668 | $1,820 |
Kentucky car insurance costs by coverage level
Generally, Kentucky minimum car insurance is the cheapest option. However, it won’t protect you or your vehicle, even if you increase your limits. Although full coverage is more expensive, it includes collision and comprehensive coverages, which pay for damages to your car from an accident or events like severe weather.
Compare Kentucky car insurance costs based on coverage level below.
| State minimum car insurance | Liability-only car insurance | Full coverage car insurance |
|---|---|---|
| $606 | $810 | $2,228 |
Kentucky car insurance by driver profile
Car insurance companies use your driving record to help determine rates since it indicates how likely you are to file a claim. Drivers with DUIs, multiple accidents or a history of reckless driving have significantly higher insurance rates.
In most states, credit history also affects car insurance rates. Statistically, drivers with a lower credit score are more likely to file a claim instead of paying out of pocket for damages.
This table compares average car insurance rates in Kentucky based on driver profiles. The highest rates in Kentucky are for drivers with Bad Credit.
| Profile groups | Average annual premium | Annual premium for profile | $ Increase | % Increase |
|---|---|---|---|---|
| At-fault accident | $2,228 | $3,598 | $1,370 | 61% |
| Bad credit | $2,228 | $5,233 | $3,005 | 135% |
| Careless driving | $2,228 | $3,507 | $1,279 | 57% |
| Claims | $2,228 | $2,484 | $256 | 12% |
| DUI | $2,228 | $4,197 | $1,969 | 88% |
| Reckless driving | $2,228 | $4,097 | $1,869 | 84% |
| Speeding | $2,228 | $3,189 | $961 | 43% |
| Texting ticket | $2,228 | $2,691 | $463 | 21% |
Kentucky car insurance rates by age group
Age can significantly impact car insurance rates. Younger, less experienced drivers see the highest Kentucky car insurance rates. Rates decrease considerably with age and experience behind the wheel.
The table below shows average Kentucky car insurance rates by age.
| Age group | Full coverage car insurance |
|---|---|
| Teens (16-19) | $6,573 |
| Young Adults (20-24) | $3,592 |
| Adults (25-60) | $2,239 |
| Seniors (65-75) | $2,220 |
How much does car insurance cost in Kentucky per month?
The average monthly cost of Kentucky car insurance varies based on the amount of coverage you choose. While the minimum required car insurance is the cheapest, full coverage offers more protection at a higher rate.
| Coverage level | Average monthly premium |
|---|---|
| State Minimum BI/PD | $51 |
| Liability Only - 50/100/50 BI/PD | $67 |
| Full Coverage - 100/300/100 BI/PD - 500 Comp/Coll | $186 |
Kentucky car insurance discounts
Which car insurance discounts are available and how much savings drivers can expect depend on the state and the company. So, savings may vary considerably from company to company in Kentucky.
Check out the available car insurance discounts in Kentucky below and see how much you can save on average.
| Discount type | Premium before discount | Premium after discount | $ Saving |
|---|---|---|---|
| Air Bags | $1,895 | $1,833 | $62 |
| Anti-Theft Device | $1,895 | $1,853 | $42 |
| Daily Commute | $1,895 | $1,791 | $104 |
| Days Advanced Purchase | $1,895 | $1,772 | $123 |
| Days Per Week Driven | $1,895 | $1,818 | $77 |
| Education | $1,895 | $1,767 | $128 |
| Electronic Funds Transfer | $1,895 | $1,781 | $114 |
| Homeowner | $1,895 | $1,762 | $133 |
| Lower Annual Mileage | $1,895 | $1,802 | $93 |
| Loyalty - Years Renewal With Company | $1,895 | $1,794 | $101 |
| Marital Status | $1,895 | $1,754 | $141 |
| Multi Policy | $1,895 | $1,725 | $170 |
| Paperless/Electornic Documents | $1,895 | $1,857 | $38 |
| Payment Type | $1,895 | $1,724 | $171 |
| Primary Use | $1,895 | $1,734 | $161 |
| Profession | $1,895 | $1,658 | $237 |
| Safety Devices | $1,895 | $1,848 | $47 |
| Telematics | $1,895 | $1,695 | $200 |
| Years Insured | $1,895 | $1,556 | $339 |
| Years Licensed | $1,895 | $1,453 | $442 |
Car insurance requirements in Kentucky
Kentucky requires a minimum amount of car insurance, including:
- 25/50/25 in liability coverage to pay for bodily injuries and property damages you cause in an accident.
Remember, the minimum coverage required by Kentucky law is just that - the minimum. Experts recommend increasing limits and adding coverage, such as collision and comprehensive, to protect yourself better. By ensuring you have adequate coverage, you can have peace of mind on the road.
| State minimum requirements | State minimum car insurance | Liability-only car insurance | Full coverage car insurance |
|---|---|---|---|
| 25/50/25 | $606 | $810 | $2,228 |
Car insurance rates in Kentucky by model year
The vehicle you drive also affects Kentucky car insurance rates. For example, newer cars cost more to repair since they have expensive parts, such as collision warning systems, cameras, and anti-theft devices.
See how the model and age of the vehicle affect Kentucky car insurance rates below.
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 2WD 4 Door Sedan Automatic Turbo | $1,418 |
| Progressive | 2WD 4 Door Sedan Automatic Turbo | $1,927 |
| Geico | 2WD 4 Door Sedan Automatic Turbo | $2,014 |
| Nationwide | 2WD 4 Door Sedan Automatic Turbo | $2,254 |
| Allstate | 2WD 4 Door Sedan Automatic Turbo | $2,628 |
| Farmers | 2WD 4 Door Sedan Automatic Turbo | $4,026 |
Compare auto insurance rates by city in Kentucky
Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Kentucky.
| City | Annual insurance premium |
|---|---|
Ashland | $1,905 |
Bowling Green | $1,987 |
Louisville | $2,359 |
Car insurance premium trends in Kentucky
Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Kentucky have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Systems in late 2023 for all 50 states and Washington, D.C. Base rates were fielded based on a 40-year-old driver with a clean record and good credit, driving a 2023 Honda Accord LX. Additional rates were fielded for multiple driver profiles including tickets, accidents and various credit tiers. Coverage levels include state minimum, 50/100/50 liability only, and full coverage at 100/300/100 liability limits with $500 deductibles. Rates were fielded from 34,588 ZIP codes and 170 insurance companies.
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