Cheapest Car Insurance in Kentucky for 2022 | Bankrate

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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the adept advice and tools needed to succeed throughout animation ’ s fiscal journey. Bankrate ’ s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make chic personal finance decisions. We follow nonindulgent guidelines to ensure that our editorial message is not influenced by advertisers. Our editorial team receives no calculate compensation from advertisers, and our contentedness is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a recapitulation, you can trust that you ’ re getting credible and reliable information. We value your entrust. Our deputation is to provide readers with accurate and indifferent information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial contentedness to ensure the information you ’ rhenium read is accurate. We maintain a firewall between our advertisers and our column team. Our column team does not receive direct recompense from our advertisers. Bankrate follows a hard-and-fast column policy, so you can trust that we ’ rhenium putting your interests first. Our award-winning editors and reporters create honest and accurate subject to help you make the correct fiscal decisions. All providers discussed on our locate are vetted based on the rate they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy first. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — monetary value, customer overhaul, policy features and savings opportunities — so you can feel convinced about which supplier is right for you. Bankrate follows a rigid editorial policy, so you can trust that we ’ rhenium putting your interests foremost. All of our content is authored by highly dependent professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your trust. Founded in 1976, Bankrate has a long track record of helping people make bright fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making process and giving people assurance in which actions to take next. While we adhere to strict editorial integrity, this military post may contain references to products from our partners. here ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more data, please see our Insurance disclosure. Bankrate analyzed the largest cable car policy companies by market share in Kentucky to help you find bum cable car insurance. Based on our research, Westfield has the cheapest annual premium for minimal coverage at $ 361 per year. USAA is a close up second, with an average annual minimum coverage premium of $ 376. Minimum coverage could be the lowest-priced option, but it besides offers very gloomy policy limits. If you ’ rhenium looking for more coverage, you may want to shop for cheap full coverage cable car indemnity. USAA topped our list of cheap Kentucky cable car policy companies for fully coverage, with an average agio of $ 1,466 per year. If you aren ’ metric ton affiliated with the military and don ’ t qualify for USAA, State Farm might offer you a low wax coverage bounty, with an modal annual rate of $ 1,540 .

The cheapest car insurance companies in Kentucky

Bankrate ’ s insurance editorial team searched for the cheapest cable car indemnity companies in Kentucky by obtaining average rates from Quadrant Information Services. While price is likely the most important factor for policyholders looking for brassy coverage, we besides wanted to ensure that the carriers that we feature offer timbre policies. To achieve that, we took coverage offerings, discounts, policy features and third-party scores from AM Best and J.D. Power into consideration as well. Based on our findings, the trace carriers offer not merely low median prices but besides robust policy options, high customer service ratings and impregnable historic fiscal military capability.

The cheapest companies for minimum coverage in Kentucky

Minimum coverage means that you purchase barely the state-required limits to drive legally. While this means that you could pay among the lowest kentucky policy rates, it besides means that you will have relatively depleted policy limits. policy agents recommend buying higher limits or even full coverage for more fiscal protection. If you are interested in minimum coverage, though, these are the cheapest companies based on our probe :

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
Westfield $361 $30
USAA $376 $31
Kentucky Farm Bureau $397 $33
Motorists $443 $37
Geico $446 $37

The cheapest companies for full coverage in Kentucky

Full coverage means you add comprehensive examination coverage and collision coverage to your policy. These two coverage types provide fiscal security for price to your vehicle. If you have a lend or rent, your fiscal initiation probable requires you to carry broad coverage. even if you own your car outright, a full coverage policy can be a good theme if you don ’ t have the funds available to repair or replace your car out of pocket .

Car insurance company Average annual full coverage premium Average monthly full coverage premium
USAA $1,466 $122
State Farm $1,540 $128
Geico $1,567 $130
Nationwide $1,645 $137
Grange $1,709 $142

Events that can impact your cheap rates in Kentucky

life events much mean your insurance coverage will change, which can lead to an increase in your premium. You may want to consider switching companies or at least shopping about if you ’ ve experienced one of the adopt events :

  • Added a teen driver: Teen drivers often pay higher rates due to their inexperience. However, premiums for teens usually decrease as they gain experience, assuming they can keep a clean driving record. You may also be able to take advantage of special teen discounts to save money.
  • Received a speeding ticket: Insurance companies view speeding tickets as an indication of risky driving behavior. Speeding can lead to more accidents and more severe accidents. As a result, your premium will likely be surcharged for three to five years.
  • Involved in an at-fault accident: Like speeding, at-fault accidents can indicate that you may be more likely to cause accidents in the future. Because insurance rates are based on risk, this makes you a riskier driver to insure. Most companies charge for at-fault losses for three to five years.
  • Deemed a high-risk driver: Not every driver with a few incidents on their driving record will be deemed high-risk. If you have a DUI conviction, several accidents, a few tickets or a combination of driving infractions, though, you could be considered a high-risk driver. This could limit your insurance company options, but you may be able to shop around to find a cheap car insurance policy.

Cheapest cities in Kentucky for minimum coverage

The average cost of car insurance in Kentucky varies depending on where in the department of state you live. Different areas of the state may have different crash statistics, unlike checkup caution costs or higher traffic levels ( which could lead to more crashes ). While moving for the cheapest car indemnity international relations and security network ’ t identical practical, if you ’ re already considering a motion, you may want to account for your area ’ mho average cost for coverage. If you ’ rhenium looking for minimal coverage, these are the four cheap cities based on our inquiry :

City Average annual minimum coverage premium Average monthly minimum coverage premium
Guthrie $532 $44
Elkton $533 $44
Dawson Springs $535 $45
Nebo $536 $45

Cheapest cities in Kentucky for full coverage

All the factors that affect minimal coverage premiums besides affect fully coverage premiums. additionally, the monetary value of parts and labor movement to repair your car could impact the monetary value you pay for your comprehensive examination coverage and collision coverage. The follow four cities have the cheapest average annual entire coverage premiums, according to our analysis :

City Average annual full coverage premium Average monthly full coverage premium
Fort Thomas $1,554 $130
Highland Heights $1,577 $131
Cold Spring $1,577 $131
Crestview $1,577 $131

Minimum coverage requirements for Kentucky drivers

Kentucky car policy laws require that drivers must carry at least minimal levels of some car indemnity coverage types to drive legally. The compulsory minimum car indemnity requirements in Kentucky are :

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

Kentucky car indemnity companies must besides offer each driver uninsured and underinsured motorist coverage, but these options can be declined in writing. Kentucky is besides a no-fault country. Personal injury auspices ( PIP ) must besides be offered but can be declined. however, if you decline PIP, guest personal injury protection applies to your policy. Driving without indemnity can result in fines and license suspension, but it could besides result in significant out-of-pocket expenses to cover unexpected accidents. Most insurance agents recommend that you buy higher than state minimum limits or evening wax coverage to get more fiscal protection. Remember, if you have a loanword or lease on your vehicle, wide coverage will likely be required .

Here is how to find (and keep) cheap car insurance in Kentucky

Finding a cheap indemnity supplier is important to many drivers. With dozens of carriers on the marketplace, you can take some steps to find the lowest-priced policy for your situation. once you ’ ve found the cheapest car policy policy for you, though, you ’ ll motivation to take some extra steps to maintain your broken rates .

  • Shop around: Getting quotes from a few different insurance providers is one of the best ways to find the most affordable rates for your unique circumstances. Every car insurance company has its own rating algorithm, which means that rates vary between carriers. Comparing coverage types, limits and rates might help you find a cheaper policy.
  • Keep a clean driving record: One of the most impactful ways to keep your car insurance rates down is to avoid tickets and accidents. Drivers with clean driving records are viewed as having safer driving habits than drivers with tickets, accidents and DUI convictions. These incidents generally increase your rates; avoiding them can keep your premiums lower.

Frequently asked questions

What is the best car insurance in Kentucky?

The best car policy company in Kentucky will vary for everyone. It is by and large good exercise to inquiry all available providers and then compare quotes and available discounts. If you are diffident about your options, consider speaking with a license insurance agentive role .

What is the cheapest car insurance in Kentucky?

several insurance companies in Kentucky offer competitive rates and a variety of discounts. however, policy rates are personalized and coverage needs differ from one person to another. compare options could help you determine the cheapest kentucky car indemnity for you with the coverage you need .

What is the average cost of car insurance in the U.S.?

The national median monetary value of car policy in the U.S. is $ 1,674 per year for full coverage and $ 565 per year for minimal coverage. Kentucky is one of the more expensive states in the state, costing $ 2,128 per annum for full coverage or $ 748 per annum if you opt for minimum coverage .

Does my credit score affect my car insurance rate in Kentucky?

Yes, accredit is a rat component that is allowed by the express of Kentucky. Drivers with poor credit tend to pay higher rates due to a statistically increased risk of filing claims. Remember that car indemnity rates are based on gamble. If you are more probably to file a claim, and frankincense cause the policy company to make a claim payout, you ’ ll likely pay more for coverage. Raising your recognition grade could be a good long-run scheme to lower your premium.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive phonograph record, commodity citation and the take after full coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimal coverage limits, Bankrate used minimal coverage that meets each state ’ mho requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes .

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