Cheapest Auto Insurance Quotes in Louisville, Kentucky

The average price of a minimal car policy policy in Louisville is $ 1,718, or about $ 143 per month .
On the early handwriting, the average full-coverage policy quote is $ 3,848, or $ 321 a month. Louisville is the largest city in Kentucky and besides happens to have the highest car insurance rates in the submit .
If you shop around and compare multiple insurers, you can find car indemnity premiums well cheaper than the city and state average. The insurance company with the cheapest minimum policy has an average annual agio of $ 662, closely a third of the city average cost of car policy .

Cheapest car insurance in Louisville: State Farm

State Farm offers the bum rates for a minimal liability policy, costing only $ 662 per class. The adjacent most low-cost option is Kentucky Farm Bureau, which has an average bounty of $ 1,071.

current military members and veterans should take time to contact USAA. It is one of the cheapest options available and has besides been highly rated for customer service .
This graph identifies and ranks the three companies in Louisville, KY, with the best rates for insuring our sample driver's car

Find Cheap Auto Insurance Quotes in Louisville

presently insured ? Minimum-liability policy is a policy that meets the lowest coverage requirements needed to drive in the department of state. It is the cheap policy a driver can choose, but it may not be the best choice for you .
The coverage options required by Kentucky wo n’t financially protect your vehicle if it is stolen or damaged in a crash. Louisville drivers who own a car that is less than 10 years honest-to-god or worth more than $ 3,000 should consider purchasing auxiliary coverage beyond the minimum requirements .

Rank

Insurance company

Average annual rate

1 State Farm $662
2 Kentucky Farm Bureau $1,071
3 Nationwide $2,124
4 Progressive $2,251
5 Geico $2,317

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Cheapest car insurance for drivers with excellent credit

Louisville drivers with an excellent credit rating score will find the cheapest rates with State Farm and Kentucky Farm Bureau. USAA is another insurance company worth checking out, but it ‘s authoritative to note that the company has rigid eligibility requirements .
Your credit score is one of many factors used by insurance companies to measure your “ riskiness ” from an car policy position. If your credit sexual conquest has recently improved, it ‘s deserving filing that information with your insurance company to receive a better rate .

Rank

Insurance company

Average annual rate

1 State Farm $388
2 Kentucky Farm Bureau $493
3 Geico $969
4 Progressive $1,214
5 Allstate $1,263

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Cheapest full-coverage insurance: State Farm

You can find the cheapest full-coverage policy in Louisville through State Farm, which has an average annual premium of $ 1,776. The second-cheapest option is Kentucky Farm Bureau, but the company ‘s annual premium costs $ 2,595 on median — $ 819 more than State Farm ‘s .
USAA is one of the more low-cost options for a full-coverage policy ; it ‘s more expensive than State Farm but cheaper than Kentucky Farm Bureau. however, only current and early military members qualify for a quotation from USAA .

Rank

Insurance company

Average annual premium

1 State Farm $1,776
2 Kentucky Farm Bureau $2,595
3 Nationwide $3,931
4 Geico $4,678
5 Progressive $5,015

Show All Rows The average cost of a full-coverage policy in Louisville is $ 2,130 more expensive than the average cost of the city ‘s minimum indebtedness policy. This is because a full-coverage policy encompasses different types of auspices, in addition to those required by the state. These protections come in the human body of comprehensive examination and collision coverage .

Comprehensive coverage

Collision coverage

Financially protects against damage caused by circumstances out of your control. These may include vandalism, theft and “acts of God,” such as natural disasters. Financially protects your car if you’re involved in a crash with another car or a piece of property. You’re also covered if your car flips over or you drive into a pothole.

We recommend you purchase a full-coverage policy if you lease or finance the car, it ‘s worth more than $ 3,000 or it ‘s less than 10 years previous .

Cheapest full-coverage policy for young people? State Farm

new people in Louisville looking for full-coverage car indemnity should contact State Farm for a quotation mark. State Farm offers, by far, the cheapest rates for young drivers, at an annual rate of $ 5,161 per year .

Rank

Insurance company

Average annual rate

1 State Farm $5,161
2 Kentucky Farm Bureau $7,932
3 Nationwide $13,682
4 Geico $14,627
5 Allstate $16,804

Show All Rows Your age is one of the biggest factors that will affect your car insurance rates. Our 18-year-old sample driver received an average policy quote of $ 12,104 — more than three times the average policy quote for our sample distribution 30-year-old driver — demonstrating the significant affect of senesce on indemnity price .
If you ‘re a raw professional or a college student trying to find policy on an already fast budget, there are a few ways you can make your rates more low-cost :

  • Consider a combined or multicar policy. Ask your parents or an older driver in your family if you can join their insurance policy. Adding an 18-year-old to a six-month car insurance policy costs $1,510 on average, while the same 18-year-old would pay $3,589 for their own six-month policy.
  • Ask about discounts. Most insurance companies, especially larger corporations, offer a menu of discount offerings. Some apply exclusively to college students. You can also receive discounts for attending safe-driving classes, installing safety devices and being accident-free for a certain period of time.
  • Compare quotes from multiple companies. Many small insurers in Kentucky offer lower insurance rates compared to large companies such as State Farm or Geico.

Cheapest full-coverage plan for drivers with an accident history

The Louisville car policy companies that increased their full-coverage design the least were :

  • State Farm
  • Kentucky Farm Bureau
  • USAA

Rank

Company

Car insurance quote before accident

Car insurance quote after accident

Difference

1 State Farm $1,776 $2,052 $275
2 Kentucky Farm Bureau $2,595 $3,493 $899
3 Nationwide $3,931 $6,167 $2,236
4 Geico $4,678 $6,729 $2,051
5 Progressive $5,015 $8,468 $3,452

Show All Rows Although some insurers will lone increase a driver ‘s bounty by only a few hundred dollars, other companies can hike up car indemnity rates substantially following an accident. For model, Allstate, the most expensive insurance company, closely doubled our sample driver ‘s modal car policy quote following an accident .
These boastfully price variations demonstrate why you should always compare quotes from multiple companies before deciding on an insurance company .

Best insurance company service in Louisville: USAA

According to our survey on customer satisfaction, USAA and Allstate are the best policy companies. Over 60 % of USAA drivers were satisfied with the caller and rated the customer service as excellent .
Allstate, which is the most expensive insurance company, besides received many positivist reviews for its service quality. On the early hand, State Farm, the insurance company with the cheapest insurance plans, ranks in the middle when it comes to customer satisfaction .
As a consumer, you will need to find an indemnity company that has well customer military service and the most low-cost prices .

Satisfaction rank

Insurer

“Extremely satisfied” respondents

% of respondents who thought customer service “excellent”

1 USAA 68% 62%
2 Allstate 64% 47%
3 State Farm 59% 46%
4 Geico 56% 42%
5 Progressive 51% 34%

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Average cost of insurance, by Louisville ZIP code

Louisville is one of the largest cities in the state, with many clear-cut neighborhoods. Each sphere in Louisville has a different crime rate, population concentration and accident frequency, which leads to car insurance price fluctuations depending on your vicinity .
For exercise, residents of the historic area of Portland, the most expensive neighborhood, pay $ 2,129 for an average minimum-coverage policy. interim, Louisville drivers who live in Prospect, the cheapest sphere of the city, spend an average of $ 1,369 on a minimal policy .

ZIP code

Neighborhood

Average cost

40059 Prospect $1,369
40202 Medical Center/Central Business District $1,799
40203 Civic Center $2,020
40204 Cherokee Triangle $1,637
40205 Highlands Douglass $1,403

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Auto theft statistics in Kentucky

Out of the four most populate cities in Kentucky, Louisville has the highest rate of car larceny. In 2017, the city reported approximately 565 steal vehicles for every 100,000 residents .

City

Population

Car thefts

Thefts per 100,000 people

Louisville 684,362 3,864 564.6
Owensboro 59,576 243 407.9
Lexington 322,332 1,273 394.9
Bowling Green 66,317 177 266.9

Car insurance companies in Louisville

The 10 largest insurers in Kentucky make up closely three-quarters of the number of premiums written in the state. State Farm, Kentucky Farm Bureau and Progressive, the three largest insurance companies in Louisville, account for about half of the direct premiums written .
Being insured under a big ship’s company has its perks. For case, insurers like Geico or Travelers tend to have a larger oblation of discounts and policies compared to smaller companies. however, drivers insured under small groups typically have a more personalized policy have .

Rank

Group

Direct premiums written

Percentage of direct premiums written

1 State Farm 706,807 18.86%
2 Kentucky Farm Bureau 609,318 16.26%
3 Progressive 391,798 10.45%
4 Liberty Mutual 251,465 6.71%
5 Geico 219,691 5.86%

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Minimum insurance requirement: Louisville, Kentucky

Kentucky, like most states, requires residents to meet a minimum car insurance coverage prerequisite before they can legally drive. If you are a Kentucky resident, you will be required to obtain the adopt :
PIP is required in 12 no-fault states, including Kentucky. It helps cover medical bills and lost wages that result from an accident. It is besides meant to minimize the numeral of small accident claims in court .
Kentucky has the one-fourth most expensive wax coverage and minimal coverage policy in the nation. Despite the high price of the express and city ‘s car insurance, you should still consider obtaining extra coverage if your car is less than 10 years old or worth more than $ 3,000 .

Methodology

Data was taken and analyzed from seven indemnity companies located in Louisville, Kentucky. The sample distribution driver used in our study was a world who owned a 2015 Honda Civic EX, has no citation history and obtained rates for a minimum indebtedness policy .
During instances where our driver collected quotes for a a full-coverage policy, the following limits were in place :

Coverage type

Study limits

Bodily liability $50,000 per person/$100,000 per accident
Property damage $25,000 per accident
Uninsured/underinsured motorist bodily injury $50,000 per person/$100,000 per accident
Comprehensive and collision $500 deductible

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