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 life ’ 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 smart personal finance decisions. We follow rigid guidelines to ensure that our column content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our contentedness is thoroughly fact-checked to ensure accuracy. indeed, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable data. We value your believe. Our deputation is to provide readers with accurate and unbiased data, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the data you ’ rhenium reading is accurate. We maintain a firewall between our advertisers and our column team. Our editorial team does not receive direct compensation from our advertisers. Bankrate follows a rigorous column policy, so you can trust that we ’ ra putting your interests first base. Our award-winning editors and reporters create honest and accurate capacity to help you make the right fiscal decisions. All providers discussed on our web site are vetted based on the rate they provide. And we constantly review our criteria to ensure we ’ ra putting accuracy beginning. 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 avail, policy features and savings opportunities — so you can feel convinced about which provider is right field for you. Bankrate follows a rigorous editorial policy, so you can trust that we ’ rhenium putting your interests beginning. All of our content is authored by highly certified professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your hope. Founded in 1976, Bankrate has a long cut criminal record of helping people make smart fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making summons and giving people confidence in which actions to take adjacent. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This contentedness is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. Kentucky is one of the most low-cost states in the area with Kentucky cable car indemnity rates falling in note with the findings. The median cost of cable car insurance in Kentucky is $ 748 to $ 2,128 per year, depending on whether you choose minimal or wide coverage. There are ways to beat the state of matter modal if you know the factors that affect car insurance rates in Kentucky .
How much does car insurance cost in Kentucky?
Kentucky ’ south annual rates of $ 748 for minimum policy and $ 2,128 for full coverage are higher than the average national cost of car policy – which is $ 565 for minimum coverage per year and $ 1,674 for full coverage per year.
Read more: The Best Car Insurance Companies for 2022
When shopping around, you may find that your quotes beat — or surpass — the average. Your state ’ s insurance requirements can affect the cost of coverage but there are other factors that can save or cost you more. They are :
- Insurance company: Some insurers, such as Geico and Progressive, are known for offering cheap car insurance.
- Gender: Women typically pay less for coverage than men based on accident statistics.
- Age: Younger drivers face the highest vehicle insurance rates, typically due to their inexperience.
- Driving history: Safe drivers with no speeding tickets or accidents in the last few years will find the cheapest car insurance in Kentucky.
- City: Larger cities typically have more expensive rates due to population, claim statistics and accident rates.
Take a closer spirit at how these factors can change your monthly premiums .
Kentucky car insurance rates by company
car insurance rates in Kentucky can vary greatly between carriers. Bankrate ’ sulfur report of the cheapest car insurance in Kentucky found that Westfield Insurance ’ randomness premiums are closely six times less than the most expensive carrier ( MetLife ) for minimal coverage. That is why it is essential to obtain and compare car policy quotes from several top cable car indemnity carriers to ensure you are getting the best rate .
Kentucky car insurance rates by city
The rates for the circus tent 20 cities show how average cable car indemnity rates in Kentucky can vary based on where you live .
| City | Average annual premium for full coverage | % increase in average annual premium |
|---|---|---|
| Louisville | $2,274 | 7% |
| Lexington | $1,662 | -22% |
| Bowling Green | $1,654 | -22% |
| Owensboro | $1,603 | -25% |
| Richmond | $1,685 | -21% |
| Frankfort | $1,777 | -16% |
| Elizabethtown | $1,833 | -14% |
| Florence | $1,606 | -25% |
| Hopkinsville | $1,776 | -17% |
| Paducah | $1,818 | -15% |
| Nicholasville | $1,711 | -20% |
| Georgetown | $1,688 | -21% |
| London | $2,337 | 10% |
| Somerset | $2,017 | -5% |
| Henderson | $1,771 | -17% |
| Winchester | $1,724 | -19% |
| Ashland | $1,805 | -15% |
| Glasgow | $1,761 | -17% |
| Covington | $1,634 | -23% |
| Murray | $1,764 | -17% |
Kentucky car insurance rates by age
Age and gender affect Kentucky car indemnity rates more than geographic location. Younger drivers should pursue age-related discounts, such as defensive drive courses or thoroughly scholar discounts – or consider getting added to a parental policy to save importantly on their car policy. *16-year-old and 17-year-old calculated on rear ’ randomness policy disclosure
Kentucky car insurance rates by driving record
Having just one speeding tag, accident or intoxicated drive conviction in Kentucky can raise your annual insurance premiums by hundreds to thousands of dollars .
| Driving incident | Average annual full coverage premium in Kentucky | % increase in average annual premium |
|---|---|---|
| Speeding ticket | $2,596 | 22% |
| Accident | $3,106 | 46% |
| DUI | $4,098 | 93% |
How to save on car insurance in Kentucky
Based on the Bankrate findings, there are singular opportunities to save money on your state ’ s premiums .
- Accident forgiveness: Considering that your Kentucky car insurance is likely to cost at least 46% more after an accident claim, signing up with a carrier that will not raise your rates after one accident can save you considerably over several years.
- Defensive driving course: Investing in an approved safety driving course could lower your premium over three years. Most courses can be completed online in a matter of hours or over a weekend.
- Multi-vehicle: Young adults face the highest rates and should consider insuring their car through a parent’s car insurance. The parent can take advantage of discounts for all vehicles on the policy.
- Safe driver: Embracing safe driving habits to avoid accident claims and speeding tickets may qualify you for larger discounts over time.
Kentucky car insurance requirements
Kentucky ’ sulfur car policy laws require all drivers to have a minimum of indebtedness coverage of 25/50/25 to drive, which means :
- $25,000 for bodily injury insurance per person
- $50,000 for bodily injury insurance per accident
- $25,000 for property damage insurance per accident
The submit has singular no-fault insurance rules. Single limit policies are allowed equally long as the driver has $ 60,000 in fiscal responsibility. In addition, drivers are encouraged to have $ 10,000 in Personal Injury Protection ( PIP ) coverage to pay for their aesculapian expenses and lost wages. otherwise, they ’ ll have to pay for their own expenses out of pocket .
Frequently asked questions
How much car insurance do I need in Kentucky?
You ’ ll need indebtedness policy of at least $ 25,000 per person and $ 50,000 per accident in bodily wound, equally well as $ 25,000 for place price. however, the state ’ south minimum necessity may not be enough since it does not provide you with any reimbursement if your car needs repairs or substitution. For complete coverage, choose full car policy .
What are the cheapest car insurance companies in Kentucky?
The cheapest cable car insurance in Kentucky is offered by Westfield, USAA and Kentucky Farm Bureau for basic coverage. USAA, Geico and State Farm have the cheapest average full coverage rates in the state .
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 criminal record, good credit and the follow entire 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 minimum coverages that meet each country ’ sulfur requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles per annum. To determine alternate rates, our base profile has been adjusted for the trace scenarios :
- Driving history: rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, and single DUI conviction.
- Age: rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to a 40-year-old married couple’s policy. The rates displayed reflect the added cost to the parents’ policy.
These are sample rates and should merely be used for comparative purposes .