The cost of car insurance in Louisville can be different for each person and depending on which company you choose. Based on our data, the minimum coverage in Louisville is about 43 percent more expensive than the national average. It’s a good idea to regularly compare prices from different companies to make sure you’re getting the best deal.
We’ve reviewed the cheapest car insurance companies on a variety of factors including minimum- and full-coverage insurance costs. Whether you have a history of accidents or not, our goal in this article is to help you find affordable car insurance providers in Louisville.
Key Points:
- Our rate data shows the cheapest minimum coverage starts at $42 per month in Louisville for good drivers.
- The cheapest full-coverage insurance starts at $145 per month for good drivers.
- The cheapest auto-insurance companies include State Farm, which offers the cheapest options for both minimum- and full-coverage policies.
The Best Cheap Car Insurance In Louisville
State Farm, Travelers, USAA, and GEICO make up our list of the best car insurance providers in Louisville, Kentucky. These providers offer competitive rates for minimum- and full-coverage car insurance. They also provide a broad range of coverage options and excellent customer service.
Car Insurance Companies Louisville
Car Insurance Company Our Score Minimum Coverage Monthly Average Full Coverage Monthly Average State Farm 4.7 $42 $145 GEICO 4.6 $63 $170 USAA 4.6 $56 $192 Travelers 4.5 $47 $155 Auto-Owners 4.4 $64 $200 Progressive 4.3 $117 $270 Allstate 4.1 $105 $282 Shelter 3.8 $95 $193
*All cost tables within this article represent average car insurance rates for the driving profile of a single, male driver aged 25 to 35 with good credit and a clean driving history. Rate data was sourced from Quadrant Information Services.
Car Insurance Quotes Louisville
In Louisville, if you cause a car accident, the minimum car insurance coverage will pay for damages to other people involved. Our data shows minimum coverage costing about $80 per month or $957 per year in Louisville. Compared to the national average, this is about 43 percent more expensive.
A full-coverage car insurance policy repairs damages to your own car that come from car accidents or the environment. Our data shows that full coverage costs about $247 per month or $2,959 per year in Louisville on average. Compared to the national average cost of car insurance, Louisville is about 34 percent more expensive.
Cheap Liability Insurance Companies In Louisville
Minimum coverage is the cheapest type of insurance in Louisville. We recommend shopping from State Farm and Travelers since our data shows they offer the cheapest, minimum auto-insurance rates. Good drivers can find monthly rates of $42 from State Farm and $47 from Travelers.
Car Insurance Company Monthly Minimum Coverage Average Annual Minimum Coverage Average State Farm $42 $500 Travelers $47 $560 USAA $56 $674 GEICO $63 $760 Auto-Owners $64 $765 Kentucky Farm Bureau $64 $773 Shelter $95 $1,136 Allstate $105 $1,258 Progressive $117 $1,400 Direct $145 $1,744
Cheap Full-Coverage Car Insurance In Louisville
Our rate data shows that State Farm offers the cheapest full-coverage insurance in Louisville with rates of $145 per month. Travelers ($155 per month) and GEICO ($170 per month) are also affordable.
Full coverage includes liability, comprehensive, and collision insurance. If you have an auto loan, your lender will need you to have complete insurance coverage. This is important because it keeps your car protected in almost any situation.
Car Insurance Company Monthly Full Coverage Average Annual Full Coverage Average State Farm $145 $1,735 Travelers $155 $1,858 GEICO $170 $2,043 USAA $192 $2,309 Shelter $193 $2,312 Auto-Owners $200 $2,395 Kentucky Farm Bureau $262 $3,149 Progressive $270 $3,238 Allstate $282 $3,384 Direct $597 $7,169
How Driver Profiles Affect Louisville Car Insurance Quotes
How much you pay for car insurance depends on your specific situation. Because of how car insurance works, your driving history, age, vehicle, credit score, and even Louisville ZIP code influence your rate. Insurance companies take various factors into account when determining rates for drivers. Therefore, the insurance company that is the most affordable for you may not necessarily be the most affordable for your neighbor. Let’s examine a few examples.
Louisville Car Insurance Rates By ZIP Code
The accident, vandalism, and theft rates can vary slightly in each ZIP code in Louisville. These rates can impact how much you pay for car insurance. The table below shows how average rates can increase by 14.0 percent or decrease by 8.0 percent depending on the ZIP code in Louisville.
Louisville ZIP Code Full Coverage Monthly Average Full Coverage Annual Average Difference From Louisville Average 40220 $212 $2,546 -14% 40291 $228 $2,740 -7% 40272 $242 $2,910 -2% 40219 $264 $3,170 7% 40216 $266 $3,194 8% 40214 $266 $3,196 8%
Does Credit Score Affect Car Insurance in Louisville?
In many states, insurance companies can consider your credit score when deciding how much to charge you. This is because there tends to be a connection between having a low credit score and being more likely to make a claim. If you have a low credit score in Louisville, your insurance rates might be higher. On the other hand, if your score is better than average, you could end up paying less for insurance.
Cheapest Car Insurance In Louisville For Bad-Credit Drivers
If your credit score is not in the best shape, we suggest you compare insurance prices from different companies. Travelers offers affordable rates for drivers with poor credit at $80 per month for minimum coverage or $304 per month for full coverage.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average Travelers $80 $304 USAA $90 $396 State Farm $91 $302 GEICO $102 $255 Allstate $171 $532 Progressive $172 $478 Auto-Owners $178 $569 Direct $187 $768 Kentucky Farm Bureau $197 $804 Shelter $228 $507
Louisville Car Insurance Cost: Age
Insurance companies charge teenagers higher rates for car insurance because they are more prone to taking risks while driving. Due to their increased likelihood of accidents and traffic violations, teens are assigned higher insurance rates. In Louisville, 16-year-olds on their own insurance policy pay about $360 per month for minimum coverage or $951 per month for full coverage.
As teens age into their 20s and beyond, their rates decrease. Car insurance is usually cheapest for drivers from 35 to 55 years old. Seniors may pay slightly higher rates because of an increase in accident risk.
Here’s a simpler version: “Take a look below to see how the average prices for minimum and full coverage insurance in Louisville change depending on age.
Driver Age Monthly Minimum Coverage Average Monthly Full Coverage Average 16 $360 $951 25 $87 $269 30 $80 $247 35 $72 $224 45 $69 $210 55 $66 $194
Cheapest Car Insurance Companies In Louisville For Teen Drivers
Even though car insurance can be costly for teenagers, certain insurance companies provide more affordable options than others. For example, State Farm is one of the cheapest options for teens with minimum coverage rates of $175 per month or full-coverage rates of $459 per month. USAA and Kentucky Farm Bureau are two more affordable options for 16-year-olds.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average State Farm $175 $459 USAA $210 $811 Kentucky Farm Bureau $226 $823 Travelers $229 $604 Auto-Owners $258 $639 GEICO $259 $613 Shelter $293 $579 Direct $557 $1,921 Allstate $644 $1,356 Progressive $753 $1,704
How Driving Records Affect Louisville Car Insurance Costs
If you have caused accidents or received speeding tickets in the past, you can anticipate paying a higher amount for your car insurance. On average, accidents and tickets increase your rates for three years. Our data shows that drivers with a speeding ticket pay 21 percent more for insurance, while an accident can increase rates by 52 percent and a DUI or DWI by 73 percent.
Insurance companies vary in the rates they offer because each one has different methods of determining how much they increase prices. Our data shows State Farm, Travelers, and USAA are affordable for drivers with different types of violations. Below are average rates for drivers with a speeding ticket, at-fault accident, or DUI.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average State Farm $47 $156 Travelers $62 $218 USAA $80 $285 Kentucky Farm Bureau $105 $419 GEICO $116 $291 Auto-Owners $119 $333 Shelter $124 $243 Allstate $158 $412 Progressive $162 $358 Direct $212 $802
Cheapest Car Insurance In Louisville For A Speeding Ticket
Which insurance company has the lowest rates after getting a speeding ticket? Our rate data shows drivers can find low minimum coverage rates from State Farm at $45 per month on average. They can find the cheapest full-coverage rates at State Farm, at $153 per month.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average State Farm $45 $153 Travelers $57 $204 Kentucky Farm Bureau $64 $262 GEICO $69 $179 USAA $69 $246 Auto-Owners $93 $268 Shelter $95 $193 Allstate $127 $337 Progressive $151 $337 Direct $195 $737
Cheapest Car Insurance In Louisville For An At-Fault Accident
At-fault accidents can increase your insurance rates more than speeding tickets can in most cases. State Farm is the cheapest minimum-coverage option here with average monthly rates of $50. For full-coverage insurance, State Farm offers cheap rates of $163 per month. You can see there’s a big difference between the cheapest and most expensive companies below.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average State Farm $50 $163 Travelers $62 $220 USAA $81 $290 Kentucky Farm Bureau $89 $357 Auto-Owners $95 $273 GEICO $112 $277 Shelter $128 $249 Progressive $174 $382 Allstate $202 $520 Direct $220 $834
Cheapest Car Insurance In Louisville For A DUI
If you are found guilty of driving under the influence (DUI), it can seriously affect your record and lead to a significant increase in your insurance rates, with the potential for your premiums to go up by hundreds of dollars each year. In certain situations, regular insurance companies might refuse to provide coverage if you have multiple DUIs and other offenses.
If you have a DUI in Louisville, the cheapest company for minimum coverage is State Farm. You can find rates as low as $45 per month. The cheapest full-coverage option is State Farm with average monthly rates of $153.
Car Insurance Company Monthly Minimum Coverage Average Monthly Full Coverage Average State Farm $45 $153 Travelers $67 $232 USAA $89 $318 Allstate $145 $380 Shelter $151 $287 Kentucky Farm Bureau $161 $637 Progressive $161 $356 GEICO $169 $418 Auto-Owners $169 $457 Direct $220 $834
Car Insurance Requirements In Louisville
A minimum-coverage policy includes bodily injury liability coverage and property damage liability coverage. The state of Kentucky requires drivers to carry insurance policies that meet or exceed the following requirements:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $25,000 property damage liability per accident
Types Of Car Insurance Coverage
Type of Coverage Description Liability Bodily injury (BI) liability insurance pays the medical expenses for other drivers and their passengers after an accident where you’re at fault. Property damage (PD) liability insurance covers the damages to other drivers’ vehicles after an accident where you’re at fault. Collision Collision insurance pays for damages to your vehicle from a collision with another vehicle or a road hazard. Comprehensive Comprehensive insurance pays for damages to your vehicle from animals or natural disasters. It also covers theft and vandalism. Medical payments coverage (MedPay) MedPay covers medical bills for you and your passengers after an accident. Personal injury protection (PIP) PIP also covers medical bills for you and your passengers after an accident. Additionally, PIP can cover lost wages. Underinsured/uninsured motorist coverage (UM/UIM) Uninsured/underinsured motorist coverage covers your property damages (UMPD/UIMPD) and bodily injuries (UMBI/UIMBI) for you and your passengers when you’re in an accident with a driver who is underinsured or doesn’t have any insurance.
Cheap Car Insurance In Louisville: Our Take
On average, Louisville drivers pay about 43 percent more than the national average. But finding out the best places to shop can help you get better prices. Looking at full- and minimum-coverage rates across for a variety of situations, we recommend State Farm, USAA, GEICO, and Travelers for the cheapest Louisville auto insurance.
To find your cheapest rates in Kentucky, compare free quotes from different companies. We recommend getting at least three quotes each time you shop for insurance.
Cheapest Auto Insurance In Louisville: FAQ
Here are some frequently asked questions about the cheapest auto insurance in Louisville:
How much is car insurance in Louisville?
According to our rate data, good drivers in Louisville pay about $80 per month or $957 per year for minimum-coverage insurance on average. Full-coverage insurance rates are around $247 per month or $2,959 per year.
Is car insurance higher in Louisville?
The average full-coverage insurance cost in Louisville is about $2,959 per year. This is about 28 percent higher than the Kentucky average of $2,805 and 34 percent higher than the national average of $2,216.
How much is car insurance in Kentucky per month?
The average cost of minimum-coverage car insurance in Kentucky is $62 per month or $746 per year. Full-coverage auto insurance is $234 per month or $2,805 per year.
What is the best car insurance company in Kentucky?
The best car insurance company in Kentucky is State Farm, receiving a score of 4.7 out of 5. Our score is based on a combination of costs, coverage, reliability, and service.
Our Review Process
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Insurance rate data was sourced from Quadrant Information Services and accurate at the time of publication.
*Read more about our methodology.