Average cost of car insurance in Kentucky for 2021

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Kentucky is one of the most affordable states in the country with Kentucky car insurance rates falling in line with the findings. The average cost of car insurance in Kentucky is $748 to $2,128 per year, depending on whether you choose minimum or full coverage. There are ways to beat the state average if you know the factors that affect car insurance rates in Kentucky.

How much does car insurance cost in Kentucky?

Kentucky’s annual rates of $748 for minimum insurance and $2,128 for full coverage are higher than the average national cost of car insurance – which is $565 for minimum coverage per year and $1,674 for full coverage per year.

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 look 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’s study of the cheapest car insurance in Kentucky found that Westfield Insurance’s premiums are nearly six times less than the most expensive carrier (MetLife) for minimum coverage. That is why it is essential to obtain and compare car insurance quotes from several top car insurance carriers to ensure you are getting the best rate.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Allstate $1,036 $3,515
Electric Insurance Company $842 $2,702
Geico $446 $1,567
Grange $833 $1,709
Kentucky Farm Bureau $397 $1,754
MetLife $1,842 $3,726
Motorists $443 $1,914
Nationwide $720 $1,645
Progressive $926 $2,150
SafeAuto $996 $2,523
Shelter $1,152 $2,400
State Auto Insurance $932 $2,015
State Farm $477 $1,540
USAA $376 $1,466
Westfield $361 $1,724

Kentucky car insurance rates by city

The rates for the top 20 cities show how average car insurance 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 auto insurance rates more than geographical location. Younger drivers should pursue age-related discounts, such as defensive driving courses or good student discounts – or consider getting added to a parental policy to save significantly on their car insurance.

Age Average annual premium in Kentucky
Age 16 $3,593
Age 17 $3,094
Age 22 $3,667
Age 25 $2,852
Age 30 $2,482
Age 35 $2,414
Age 40 $2,356

*16-year-old and 17-year-old calculated on parent’s policy disclosure

Kentucky car insurance rates by driving record

Having just one speeding ticket, accident or drunk driving 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 unique 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’s car insurance laws require all drivers to have a minimum of liability 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 state has unique no-fault insurance rules. Single limit policies are allowed as long as the driver has $60,000 in financial responsibility. In addition, drivers are encouraged to have $10,000 in Personal Injury Protection (PIP) coverage to pay for their medical 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 liability insurance of at least $25,000 per person and $50,000 per accident in bodily injury, as well as $25,000 for property damage. However, the state’s minimum requirement may not be enough since it does not provide you with any reimbursement if your car needs repairs or replacement. For complete coverage, choose full car insurance.

What are the cheapest car insurance companies in Kentucky?

The cheapest 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 driving record, good credit and the following 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 minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

To determine alternate rates, our base profile has been adjusted for the following 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 only be used for comparative purposes.