Best Auto Insurance Rates in Kentucky

On average, your neighbors pay $127 a month.

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Find Cheap Car Insurance in Kentucky (2022)

When it comes to offering Kentucky’s most affordable car insurance rates, Kentucky Farm Bureau, Progressive and USAA tend to finish win, place and show.

These three carriers have the best average rates for a variety of drivers, according to QuoteWizard research. Read on for more about the best and cheapest car insurance in Kentucky.

In this article:

Which companies offer the cheapest car insurance in Kentucky?

Kentucky Farm Bureau, Progressive and USAA offer Kentucky motorists the best rates on minimum-coverage and full-coverage insurance, though not always in this same order.

A typical Kentucky driver with minimum coverage pays $951 a year with KFB and $1,083 with Progressive. Those insured by USAA, which is only available to military members and their families, pay even less, just $877 a year.

All three carriers’ rates are well below the state’s $1,527 annual average for minimum coverage.

Average rates for minimum-coverage car insurance
Company Average annual rate< Average monthly rate
USAA $877 $73
Kentucky Farm Bureau $951 $79
Progressive $1,083 $90
Allstate $1,267 $106
GEICO $1,613 $134
Nationwide $1,877 $156
State Farm $3,021 $252
State average $1,527 $127
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

These companies also hit the trifecta for full coverage, which includes collision and comprehensive coverage. Progressive’s annual rate of $1,772 noses out both USAA, at $1,797, and Kentucky Farm Bureau, $1,831.

The three companies’ rates on full-coverage policies are so close that the difference between first and third works out to just $5 a month. All three also offer rates that are well below the statewide average for full coverage, which our research found to be $2,997 per year, or $250 per month.

Average rates for full-coverage car insurance
Company Average annual rate< Average monthly rate
Progressive $1,772 $148
USAA $1,797 $150
Kentucky Farm Bureau $1,831 $153
Allstate $2,485 $207
GEICO $3,145 $262
Nationwide $3,229 $269
State Farm $6,719 $560
State average $2,997 $250
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Here’s a look at more of the rate questions that our research answers:

Who offers the cheapest rates after a ticket or accident?

Kentucky Farm Bureau, Progressive and USAA also offer the best rates for a typical driver with a speeding ticket or accident.

For drivers with a speeding ticket, Kentucky Farm Bureau offers the best monthly rate, just $153, followed by USAA, at $193, and Progressive, $209. The state average is $313 per month.

Average rates for Kentucky drivers with a speeding ticket
Company Average monthly rate
Kentucky Farm Bureau $153
USAA $193
Progressive $209
Allstate $247
GEICO $262
Nationwide $520
State Farm $609
State average $313
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Kentucky Farm Bureau also offers the most affordable car insurance to a driver with an accident, at $153 per month. Once again, KFB was followed by USAA, at $227 per month, and Progressive, $258 per month. The rates available from all three frontrunners are also well below the statewide average of $347 per month.

Average rates for Kentucky drivers with an accident
Company Average monthly rate
Kentucky Farm Bureau $153
USAA $227
Progressive $258
Allstate $354
GEICO $379
Nationwide $402
State Farm $659
State average $347
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Who offers the best insurance rates after a DUI?

When it comes to insurance for a Kentucky driver with a DUI, Progressive has the best rate. Its monthly average rate of $204 beats USAA, at $251, and Allstate, at $279. The statewide average insurance rate for drivers with a DUI is $407 per month.

Average rates for Kentucky drivers with a DUI
Company Average monthly rate
Progressive $204
USAA $251
Allstate $279
Kentucky Farm Bureau $360
Nationwide $520
State Farm $609
GEICO $628
State average $407
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

How much do young drivers pay for car insurance?

The average monthly rate on minimum insurance coverage for a 16-year-old driver in Kentucky is $499. This rate drops in increments for each additional year of age. A 17-year old pays $457 a month for minimum coverage, an 18-year-old pays $393, a 19-year-old pays $315 and a 20-year old pays $275.

Similarly, the average monthly rate in Kentucky for full-coverage insurance for a 16-year-old is $982. This amount drops in increments down to $563 for a 20-year-old.

The best ways to keep rates for young drivers in check are to take advantage of good student discounts and to share a policy. Young drivers usually get better rates by remaining on a policy with their parents or guardians than they do by obtaining an individual policy.

Which age groups get the best insurance rates?

Insurance rates for young adults begin to level off when they turn 25. In Kentucky, the average monthly rate for a 25-year-old with minimum coverage is $146, while a 25-year-old with full coverage pays $292 per month. The monthly rates for a 30-year are $127 for minimum coverage and $250 for full coverage.

The lowest average rates among different age groups was $119 per month for a 60-year old with minimum coverage and $233 per month for a 65-year old with full coverage.

 

Rates eventually creep back up for drivers in their 60s. A 70-year-old pays $135 a month for minimum coverage and $252 a month for full coverage. Many insurance companies offer discounts to seniors who complete authorized driver safety courses, including some that are available online.

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How do I find the best car insurance in Kentucky?

Since each insurance company uses a slightly different formula to set rates, it’s always best to review quotes from multiple carriers to find the one whose ratings work best for you. In addition to rates, it’s also important to consider the benefits and discounts that each carrier offers.

Some carriers, including Allstate, for example, lower your collision deductible after each claim-free year. This can save you up to $500 if you need to file a claim after five or more years of incident-free driving.

Allstate is also among the carriers that offer accident forgiveness. If you remain accident free for a specified period, your first accident won’t trigger a rate increase, which could save you a few hundred dollars.

Meanwhile, carriers including State Farm offer instructional programs that allow young drivers to earn a discount by completing a web-based driver-safety program.

Some carriers also offer discounts to those in certain groups or professions, including doctors, educators, current and former military members, and others. Kentucky Farm Bureau offers a discount to school bus drivers.

What are Kentucky’s insurance requirements and no-fault laws?

Kentucky’s insurance law requires you to carry limits of at least $25,000 per person and $50,000 per accident for bodily injury liability, plus at least $25,000 for property damage liability. As an alternative, you can carry a combined single liability limit of at least $60,000.

Kentucky also has an interesting no-fault insurance law. Car insurance policies come with personal injury protection (PIP), which covers medical treatment for you and any passengers injured in a car accident, regardless of fault. PIP also limits your right to sue a driver who causes an accident.

However, you can reject the PIP coverage. If you do so, you’ll retain your right to sue an at-fault driver. But rejecting PIP might also raise your rates on liability coverage.

Why is Kentucky car insurance so expensive?

In a report released earlier this year, the nonprofit Insurance Research Council (IRC) found that Kentucky drivers pay more for car insurance as a percentage of income than those in 34 other states and the District of Columbia. The IRC cites the severity of injury claims, the climate for litigation and high repair costs as factors that drive up insurance rates in Kentucky.

Among neighboring states, only drivers in West Virginia pay more as a percentage of their income.

Methodology

QuoteWizard conducted a thorough study of the state of car insurance in Kentucky using Quadrant Information Services. Our sample driver is a single, 30-year-old male operating a 2012 Honda Accord LX with an average annual mileage of 13,500 miles. Unless otherwise stated, he has a clean driving record.

For a full-coverage car insurance policy, the driver has the following limits:

  • $100,000 per person/$300,000 per accident bodily injury liability
  • $100,000 per accident property damage liability
  • $500 deductible

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