How to find cheaper Louisville car insurance rates
If saving money is your primary concern, then the best way to get budget car insurance rates in Louisville is to regularly compare price quotes from insurers in Kentucky. Rates can be compared by completing these steps.
- Gain an understanding of coverages and the measures you can control to prevent high rates. Many policy risk factors that increase rates like at-fault accidents and your credit history can be rectified by making minor changes to your lifestyle.
- Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agents can provide prices from multiple insurance companies.
- Compare the new rate quotes to your existing coverage and see if you can save money. If you find a lower rate, make sure there is no coverage gap between policies.
A good tip to remember is that you use the same deductibles and limits on every price quote and and to get prices from every company you can. This enables the most accurate price comparison and a good representation of prices.
Louisville drivers can save $400 or more every year.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Reckless driving habits raise Louisville car insurance rates
The diagram below demonstrates how citations and at-fault fender-benders can raise insurance premiums for each different age group. The rates are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
The price you pay for auto insurance coverage is dependent on many factors, but the average price in Louisville is approximately $1,480 each year. On average, drivers in other states pay about $1,200, so Louisville drivers pay around $260 more each year than drivers in surrounding states.
The cost of car insurance in Louisville depends on many different variables, but one of the main factors is your choice of vehicle. The rate table below shows policy rates for some of the more popular vehicles bought in Louisville.
| Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
|---|---|---|---|
| Chevrolet Colorado LT Crew Cab 4WD | $794 | $397 | $66 |
| Chevrolet Impala LS | $842 | $421 | $70 |
| Chevrolet Malibu Hybrid | $860 | $430 | $72 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $924 | $462 | $77 |
| Dodge Ram Quad Cab Sport 4WD | $1,002 | $501 | $84 |
| Ford Edge Limited AWD | $906 | $453 | $76 |
| Ford Escape Limited 2WD | $748 | $374 | $62 |
| Ford F-150 Lariat Crew Cab Harley 2WD | $924 | $462 | $77 |
| Ford Focus S 4-Dr Sedan | $842 | $421 | $70 |
| GMC Sierra SLE Regular Cab 4WD | $924 | $462 | $77 |
| Honda Accord LX 4-Dr Sedan | $730 | $365 | $61 |
| Honda CR-V EX 2WD | $730 | $365 | $61 |
| Honda Civic DX 4-Dr Sedan | $842 | $421 | $70 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $884 | $442 | $74 |
| Kia Optima SX | $986 | $493 | $82 |
| Mazda 3 I SV 4-Dr Sedan | $860 | $430 | $72 |
| Nissan Altima 2.5 4-Dr Sedan | $860 | $430 | $72 |
| Toyota Camry LE | $860 | $430 | $72 |
| Toyota Corolla XLE | $906 | $453 | $76 |
| Volkswagen Jetta 2.0T Station Wagon | $858 | $429 | $72 |
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Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific Louisville garaging location which can alter auto insurance rates noticeably.
| Top 10 cheapest vehicles to insure in Louisville, KY |
|---|
| Honda Fit |
| Hyundai Accent |
| Mini Cooper |
| Honda Accord |
| Kia Rondo |
| Mazda MX-5 Miata |
| Ford Escape |
| Chrysler PT Cruiser |
| Hyundai Elantra |
| Honda CR-V |
| Top 10 most expensive vehicles to insure in Louisville, KY |
|---|
| Mercedes-Benz CL65 AMG |
| Mercedes-Benz S65 AMG |
| Audi R8 |
| Mercedes-Benz CL600 |
| Mercedes-Benz CL63 AMG |
| Mercedes-Benz S600 |
| BMW 760L |
| BMW M6 |
| Mercedes-Benz S63 AMG |
| Porsche 911 |
| Top 10 safest vehicles to insure in Louisville, KY |
|---|
| Chevrolet Suburban |
| Volvo XC60 |
| Chevrolet Tahoe |
| Chrysler Town and Country |
| Toyota Tacoma |
| Ford Expedition EL |
| Infiniti QX56 |
| Chevrolet Colorado |
| Jeep Grand Cherokee |
| Ford Fusion |
Kentucky insurance requirements and benefits
Despite the fact that car insurance is not cheap in Louisville, maintaining insurance is required in Kentucky but also provides important benefits.
First, the majority of states have minimum liability requirements which means state laws require specific minimum amounts of liability if you want to drive legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your vehicle, more than likely the lender will have a requirement that you carry insurance to guarantee loan repayment. If you default on your policy, the bank may insure your vehicle at a more expensive rate and force you to pay for it.
Third, insurance safeguards your car and your assets. It will also cover most medical and hospital costs incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your vehicle gets damaged, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance outweigh the cost, especially with large liability claims. But the average American driver overpays more than $865 each year so we recommend shopping around once a year at a minimum to ensure rates are competitive.