It’s impossible to miss the catchy advertisements from companies like Progressive, GEICO, and Farmers that make claims of big savings. So you just need to choose the one with the best commercial, right?
It’s not that easy, however, as there are a ton of unknowns such as if you are a homeowner, the type of vehicle you drive, your annual mileage driven, and your gender. The information below will cover the best ways to maintain low rates and educate you enough to have a solid foundation to find cheaper car insurance.
Deciphering which company has the best auto insurance rates for 4×4 vehicles will require more time than just picking a company at random. Each insurer has a proprietary method for setting prices, so let’s rank the most competitive auto insurance companies in Kentucky.
It’s important that you understand Louisville, KY auto insurance rates are determined by lots of factors that will increase or decrease your annual premium. Simply having another birthday, having a teen driver, or getting a couple of tickets may generate price changes resulting in some companies being cheaper than competitors.
Best Auto Insurance Prices for 4×4’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,093 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,211 |
| 4 | Auto-Owners | $1,399 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,577 |
| 7 | Travelers | $1,614 |
| 8 | State Farm | $1,812 |
| 9 | Westfield | $1,888 |
| 10 | Safe Auto | $1,972 |
| 11 | Nationwide | $2,024 |
| 12 | Progressive | $2,077 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,341 |
| 17 | Safeco | $2,681 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,744 |
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Cincinnati Insurance offers some of the most affordable car insurance rates in Louisville at around $1,093 annually. This is $1,050 less than the average price paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also make the cut as some of the lowest-priced Louisville, KY auto insurance companies.
In the above example, if you are a policyholder with Motorists Mutual and switched to Kentucky Farm Bureau, you may see an annual premium reduction of in the neighborhood of $379. Insureds with Grange Mutual may save as much as $403 a year, and Travelers policyholders might realize rate reductions of up to $440 a year.
Remember that these rates are averaged across all drivers and vehicles in Kentucky and and are not figured with a specific location for 4×4 vehicles. So the car insurance company that can offer you the best price may not even be in the list above. That is why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
For off-road vehicles, one of the more important criteria that are used to help calculate insurance cost is where you live in Louisville. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The table below lists the priciest cities in Kentucky for 4×4 vehicles in which to buy car insurance. Louisville is ranked at #1 with a yearly premium of $2,154 for the average insurance policy, which is around $180 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Jeffersontown | $1,736 |
| 3 | Frankfort | $1,725 |
| 4 | Saint Matthews | $1,711 |
| 5 | Ashland | $1,707 |
| 6 | Radcliff | $1,638 |
| 7 | Paducah | $1,631 |
| 8 | Madisonville | $1,616 |
| 9 | Murray | $1,597 |
| 10 | Elizabethtown | $1,563 |
| 11 | Danville | $1,549 |
| 12 | Richmond | $1,535 |
| 13 | Covington | $1,532 |
| 14 | Hopkinsville | $1,523 |
| 15 | Georgetown | $1,506 |
| 16 | Winchester | $1,501 |
| 17 | Henderson | $1,495 |
| 18 | Erlanger | $1,478 |
| 19 | Nicholasville | $1,474 |
| 20 | Independence | $1,466 |
| 21 | Lexington | $1,454 |
| 22 | Fort Thomas | $1,440 |
| 23 | Bowling Green | $1,433 |
| 24 | Owensboro | $1,432 |
| 25 | Florence | $1,427 |
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Annual rates are comparative as the specific area where the vehicle is garaged can decrease or increase coverage prices significantly.
The vehicle model that needs insurance is probably the largest consideration when shopping for the cheapest auto insurance for 4×4 vehicles. Vehicles with high performance engines, poor crash test ratings, or an increased likelihood of liability claims will cost more to insure than safer models.
The information below presents coverage premiums for a selection of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford F-150 XL Super Cab 2WD | $2,080 |
| Toyota Prius | $2,095 |
| Ford Escape XLT 4WD | $2,188 |
| Honda CR-V EX-L 4WD | $2,195 |
| Chevrolet Impala LT | $2,238 |
| Honda Accord EX-L 4-Dr Sedan | $2,253 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $2,281 |
| Toyota Camry XLE | $2,359 |
| GMC Sierra SL Crew Cab 4WD | $2,402 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $2,430 |
| Toyota RAV4 2WD | $2,452 |
| Chevrolet Malibu LT | $2,501 |
| Dodge Grand Caravan SXT | $2,506 |
| Toyota Camry Hybrid | $2,563 |
| Chevrolet Silverado Crew Cab Hybrid 4WD | $2,566 |
| Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD | $2,575 |
| Ford Explorer Limited 2WD | $2,579 |
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price estimates do not factor in zip code location which can change auto insurance rates greatly.
Looking at the data, we can assume that makes and models like the Ford F-150, Toyota Prius, and Ford Escape should be some of the more affordable vehicles to insure for off-road vehicles.
Get discount Louisville auto insurance rates
Insurance companies that offer coverage for 4×4 vehicles may also offer discounts that can lower rates by as much as 40% or more if you meet certain criteria. A list of companies and the discounts they provide are:
- GEICO policyholders can earn discounts including military active duty, anti-theft, good student, anti-lock brakes, air bags, daytime running lights, and multi-vehicle.
- MetLife has savings for good student, claim-free, good driver, multi-policy, and defensive driver.
- Progressive includes discounts for continuous coverage, online quote discount, homeowner, good student, multi-vehicle, online signing, and multi-policy.
- Travelers has discounts for IntelliDrive, multi-car, hybrid/electric vehicle, save driver, early quote, continuous insurance, and new car.
- SAFECO offers discounts for accident prevention training, homeowner, teen safe driver, multi-car, and teen safety rewards.
- AAA may include discounts for education and occupation, anti-theft, multi-policy, good student, and multi-car.
The information below illustrates the difference between insurance premiums with and without discounts. The data assumes a female driver, no claims or violations, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple vehicle, anti-theft, passive restraint, multiple policy, accident-free, and defensive driving course discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on auto insurance for 4×4 vehicles is 28% or $553.
The illustration below highlights how deductible selection can increase or decrease insurance costs when trying to find cheap insurance for 4×4 vehicles. The data is based on a married female driver, full physical damage coverage, and no discounts are applied.
A 40-year-old driver could cut expenses by $266 a year by switching from a $100 deductible to a $500 deductible, or save $402 by changing to a $1,000 deductible. Young drivers, like the age 20 example, could drop their prices $662 every year by choosing a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional funds in a savings account to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
The benefit of shopping around
Louisville, KY auto insurance rates are based on many factors that control the price you pay for coverage. Getting older, buying a new vehicle, or getting into an accident can cause premium changes resulting in some companies being cheaper than competitors.
Additionally, insurance companies change their prices without warning to ensure their profitability. Heavy losses may cause a rate increase, while lower claim expenses may produce more affordable Louisville car insurance rates.
For instance, the data below shows the cheapest car insurance in Louisville, KY for a 30-year-old male driver with a clean driving record, no accidents, and a high credit rating. Based on his personal profile, Cincinnati Insurance has the cheapest car insurance rates in Louisville at $1,694 a year. This is $449 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are the rest of the top five cheapest Louisville, KY auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example an accident surcharge, a lower credit score, and a traffic ticket or two. Since each insurance company has their own unique process for setting prices, comparing prices most likely will result in a different list of cheap Louisville auto insurance companies as shown below.
Kentucky Farm Bureau now has the cheapest insurance rate in Louisville, KY with Travelers, USAA, Cincinnati Insurance, and State Farm also being competitive. This illustrates why it is critical to perform a complete rate comparison when trying to find the most affordable car insurance quotes for 4×4 vehicles.
Prices consist of many risk factors and change frequently, so the best company the last time you checked may now be costing you a lot of money.