Best and Cheapest Auto Insurance in Kentucky for 2021

Updated Apr 08, 2021

The average auto insurance premium in Kentucky is around $896 which is just about $55 cheaper than the national average. The cost varies widely from driver to driver and we will go through the factors and tips with you in this article.

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Auto Insurance protects you against financial loss in the event of an accident or theft. The price and regulations usually vary from state to state. What can auto insurance protect you? What are the best options? We have collected and written some information to help you find the best deal for you.

What does auto insurance cover?

While each state has different regulations for auto insurance, there are six basic types of coverage. Below is what you need to know. Click here to read more about auto insurance liability.

  • Bodily Injury Liability
    If you hit someone, you’d be responsible for the injured person’s medical bills, lost wages, plus pain and suffering. In addition, if sued, you would likely have to pay a hefty legal bill. With the increasing of the average salary for drivers, $50K may not be enough. (The per occurrence coverage is less relevant because most cars on the road have only one person in it.) So we recommend carrying at least $100K-per-person.
  • Property Damage Liability
    With so many Tesla’s and other luxury cars on the road, damaging one of them could easily generate a loss of over $50K, costing potentially tens of thousands out of your pocket. So we recommend carrying a $100K coverage. The good news is that doubling this coverage from $50K to $100K cost you almost nothing.
  • Uninsured/Underinsured Motorist
    1 out of 7 drivers on the road is uninsured. They typically don’t have many asset. Collecting from them could take years. With this coverage, your own insurance pays you immediately if you are hit by an uninsured/underinsured driver. This is vital yet inexpensive protection for yourself and your family.

What discounts are available for auto insurance?

Below is a list of auto insurance discounts available in Kentucky.

Discount Description
Multi-Car When you insure more than one car in your policies, usually you can get a multi-car discount for each of them. In another word, it's better to insure all the vehicles in the same policy instead of putting them in separate policies.
Multi-Policy If you purchase multiple policies from the same company, you can often get a multiple policy discount. For example, if you already have auto insurance from a company and then you purchase the renters policy from them, you can get a discount on your auto insurance about 5-15% depending on the company or state. However, it doesn't mean you should always purchase all policies from the same company because sometimes the saving you can get to buy a standalone renters insurance policy is even higher than the discount for the multi-policy.
Education and Profession There're two types of education discounts. One is for the degree you earned. The other is for the college you graduated from which is not available in all the insurance companies. For some advanced professions, you can get a decent discount of 10-15% which may require verification from your employer.
Anti-theft/Anti-lock Brakes/Airbags Most companies can give you a discount on the comprehensive proportion of the premium if you have security-related features such as install an alarm, anti-theft, steering wheel locking or anti-lock brakes.
Good Driver If you don't have any record of violation or accident during the last three or five years, you're considered as a good driver for most companies. This is also one of the best discounts in most companies.
Good Student For a student who maintains an average grade of B or above can receive a significant discount on their insurance premium. Although, the premium maybe still high because students usually don't have lengthy driving experience.
Standard Risk Every insurance company manages its risk differently. But in general, there're standard risks for auto insurance including No tickets or no accidents within a specific period, no drivers under 25 years old or over the age of 65, no high-performance vehicles.
Paperless A few carriers even provide paperless discounts. But more and more new insurance carriers do not offer it probably because the overall cost has already been saved.

What factors impact the cost of auto insurance?

  • Age
  • Gender
  • Driving records
  • Annual mileage
  • Profession
  • Education background
  • Bundling of multi cars
  • Bundling of auto and home policies
  • Features of the car (e.g. anti-theft devices)

Looking for the best auto insurance in Kentucky?

Click here to get started. You can compare hundreds of Auto insurance companies at once to get free, no-obligation quotes in just 60 seconds.

Curious about auto insurance rate for a city in Kentucky?

We compiled data about auto Insurance rates for every city in Kentucky. A word of caution, as you explore the list below, there is no doubt you will find a wide price range.

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Disclaimer
Our articles are intended for informational purposes and should not be considered legal or financial advice. Our articles are not written or reviewed by insurance agents. Consult your policies with your agent or a professional for details regarding terms, conditions, coverage, exclusions, products, services, and programs.

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