Cheapest auto insurance quotes in Louisville and Jefferson County, Kentucky

Car insurance policies in Kentucky are often more expensive than in other US states. If you’ve been living in Kentucky for a while now, this might not come as a surprise. However, if you’ve recently moved, the difference may come as a shock.

This is because Kentucky has a higher than average number of traffic fatalities, making it a higher risk for insurers to cover. One report even says the state experiences up to 1.36 deaths per 100 million miles traveled. Compared to a national average of 1.1, KY is ranked among the highest.

To ensure you get the cheapest car insurance in KY without sacrificing important benefits, we’ve ranked some of the most affordable options in the area. Although the best car insurance in KY varies from person to person depending on many factors, the following guide will help you determine what is best for you and an estimate of what you can expect in quotes .

Since there’s no getting around Kentucky’s most expensive premiums, there are a few solid tips to consider before settling on a business:

  1. Consider ALL of your options before choosing an insurance provider to ensure you choose the best car insurance plan for you.
  1. Compare things like cost, benefits, customer service, availability.
  2. Know what you want when you get started so you don’t get notified about upgrades or add-ons you don’t want or need.
  3. Don’t be afraid to walk away when the offer doesn’t meet your expectations. There can be a lot of pressure when employees and customers spend a lot of time writing the policy. Never feel like you have to go because you’ve spent so much time on it. Your politics are too important to dwell on.
  4. Factors such as your driving history, credit history, age, and vehicle make and model can help lower your premium.

The Cheapest Auto Insurance Quotes in Louisville and Jefferson County, Kentucky

Many factors will determine whether you pay more or less for your car insurance in KY, including where in the state you are located. For example, the cheapest car insurance in Louisville, Kentucky will not necessarily be the cheapest car insurance in Lexington or other cities in Kentucky.

Jefferson County, in particular, comprises a large portion of the state. In fact, there are over 50 towns in the county and more than twice the population resides there.

Jefferson County’s Most Affordable Auto Insurance

Since the county covers such a large area, the cheapest auto insurance quotes for the county will be much more generalized than looking at specific areas of Kentucky. It should also be noted that Jefferson County averages should not be considered for cities in other counties.

As the most populous county (home to Kentucky’s most populous city), Jefferson will be significantly more expensive in every way, including auto insurance, cost of living, and local activities and attractions.

With that in mind, the following car insurance companies are ranked among the best for providing the cheapest quotes in Jefferson County, KY:

  1. Kentucky Agricultural Bureau — approximately $503 per year
  2. USAA — approximately $623 per year
  3. state farm — approximately $506 per year

Cheapest car insurance in Louisville, KY

Just because you’re in Jefferson County doesn’t mean you should expect the same average premiums. More populated areas often cost more, sometimes even double the average. Take, for example, Louisville, KY. Residents who live here will find their quotes to be a bit higher than the Jefferson County averages.

With that in mind, these three providers offer the cheapest car insurance quotes on average in the region:

  1. Progressive quotes are, on average, around $132 per month or $1,584 per year.
  2. The travellers quotes are, on average, around $215 per month or $2,580 per year.
  3. State of the farm quotes are, on average, around $341 per month or $4,092 per year.

Cheapest car insurance near Fayette and Kenton County

Outside of Jefferson County, premiums are often much lower. Indeed, Jefferson County is currently the most populous county in Kentucky, with no growth halts expected for the future. In fact, research shows that Jefferson County is currently home to 762,725 residents, while Fayette County is the second most populous county in KY and only has about 325,330 residents in the area.

Near Fayette and Kenton County (third with 169,116 people), you’ll see car insurance quotes that are almost half of the quotes mentioned earlier. The cheapest quotes on average in the region are:

  • USAA (only for members and their families) — average of approximately $340 per month or $4,080 per year.
  • GEICO – costs on average about $355 per month or $4,260 per year.
  • state farm – on average about 405 per month or $4,860 per year.

Insurance Coverage Requirements in Kentucky

Everyone knows that you must, by law, have a valid driver’s license and active auto insurance to drive a vehicle. What many don’t know is that some states require you to have certain coverage in the area. These requirements vary from state to state and are often the result of high accident and fatality rates.

Kentucky, in particular, has auto insurance laws that require a minimum of these coverage options:

  • Protection against personal injury (damage to you in the event of an accident)
  • Personal injury (damage to the other party in the accident) – at least $25,000 bodily injury liability per person and at least $50,000 bodily injury liability per car accident
  • At least $25,000 in property damage liability

It should also be noted that Kentucky is considered a no-fault state. This means that each resident is required to have no-fault insurance, as each party must call their own insurance following an accident, regardless of who is responsible for the accident.

The Average Cost of Insurance, by Kentucky ZIP Code

The average cost of auto insurance in the state of Kentucky is $1,201.

However, it is important that you also know that depending on where you are in Kentucky, the cost of car insurance can vary. For example, regions with a higher cost of living will also have higher car insurance costs than regions with a lower cost of living.

To help you get a better idea of ​​what to expect with your premiums, we’ve listed the average car insurance for KY’s seven most populous zip codes and the average car insurance prices for each.

Kentucky Area ZIP Code Population Average car insurance price
40475 62,250 people $200 per month or $2,400 annually
42101 61,768 people $155 per month or $1,860 annually
41042 52,185 people $148 per month or $1,776 annually
40601 50,954 people $148 per month or $1,776 annually
42701 50,647 people $137 per month or $1,644 annually
40324 48,251 people $141 per month or $1,692 annually
40214 45,844 people $273 per month or $3,276 annually

Kentucky Auto Accident and Theft Statistics

To help you better understand why auto insurance premiums are so much higher in the state, we’ve rounded up some of the most relevant statistics on car accidents and thefts. First, there has been a reduction in fatal accidents in the state over the past few years. Reports say the numbers fell from 730 in 2018 (reaching 780 in 2020) to 725 by early December 2021.

When it comes to car thefts, Kentucky isn’t ranked the highest, but it has seen an increase in carjackings and thefts in Louisville in particular. According to WHAS11there were at least 234 incidents in September alone, with 64 cases occurring in just one week.

Other statistics affecting insurance costs may include the following:

  • On average, 33,914 people are injured on public roads in Kentucky every year.
  • There are more than 2.7 million injured every year in KY due to a car accident.
  • Although the average has dropped to an average of 1.36 deaths, the figures have reached up to 1.50 per 100 million in 2018.
  • Kentucky’s car accident rate has been above the national average since 2009.
  • There are over 150,000 traffic accidents in Kentucky every year.
  • The highest number of reported motor vehicle thefts are in Louisville Metro (4,364) and Lexington (1,158). The only other areas with more than 100 incidents at the time were Owensboro (235), Bowling Green (158), Shively (129) and Covington (123).

Always compare your options before committing to a supplier

There are tons of auto insurance options to choose from in Kentucky, no matter where you are in the state. Since premiums vary from region to region and person to person, it is important that you always consult several companies before choosing one. This way, you’ll get the best deal for you by comparing prices, benefits, and any additional features that meet your needs and preferences. Our list alone will not guarantee that you will get the best auto insurance in KY and the best deal available. You should use our research to guide you in your search for the best solution for you by looking at as many options as possible in your search.

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