The vehicle you are insuring is a significant factor when shopping for the cheapest car insurance for nurses. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.
The table below estimates auto insurance premiums for the most economical automobiles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $2,031 |
| Toyota Prius | $2,071 |
| Ford Escape Limited 2WD | $2,093 |
| Honda CR-V EX 4WD | $2,102 |
| Volkswagen Jetta S 4-Dr Sedan | $2,213 |
| Chevrolet Equinox LT 2WD | $2,222 |
| Toyota RAV4 2WD | $2,213 |
| Ford Explorer Limited 4WD | $2,253 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,321 |
| Ford Edge SE AWD | $2,376 |
| Dodge Grand Caravan CV | $2,384 |
| Jeep Grand Cherokee Laredo 2WD | $2,423 |
| Toyota Tacoma Double Cab 4WD | $2,472 |
| Nissan Altima 2.5 4-Dr Sedan | $2,493 |
| Ford Focus SEL 4-Dr Sedan | $2,509 |
| Kia Optima SX | $2,530 |
| Ford Fusion Sport AWD 4-Dr Sedan | $2,537 |
| Start a Quote Go | |
Above prices 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-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Prices do not factor in vehicle location which can raise or lower coverage rates substantially.
Based upon the rates shown, models like the Hyundai Elantra, Toyota Prius, Ford Escape, and Honda CR-V are most likely to be some of the cheaper vehicles to insure for health professionals.
Figuring out which company quotes the cheapest car insurance rates for nurses involves a little more sweat than just comparing rates from one or two companies. Each insurer has a proprietary method for setting rates, so let’s rank the most affordable car insurance companies in Louisville.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,093 |
| 2 | Kentucky Farm Bureau | $1,163 |
| 3 | USAA | $1,187 |
| 4 | Auto-Owners | $1,413 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,577 |
| 7 | Travelers | $1,663 |
| 8 | State Farm | $1,867 |
| 9 | Westfield | $1,870 |
| 10 | Safe Auto | $1,991 |
| 11 | Nationwide | $2,024 |
| 12 | Progressive | $2,077 |
| 13 | Electric | $2,097 |
| 14 | State Auto | $2,166 |
| 15 | Encompass | $2,382 |
| 16 | GEICO | $2,413 |
| 17 | Safeco | $2,709 |
| 18 | Shelter | $3,135 |
| 19 | MetLife | $3,146 |
| 20 | Liberty Mutual | $3,708 |
| Compare Rates Now Go | ||
Cincinnati Insurance has some of the best car insurance rates in Louisville at around $1,093 a year. This is $1,050 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the more affordable Louisville, KY insurance companies.
In the above example, if you are a customer of Auto-Owners and switched to Cincinnati Insurance, you could see savings of about $320. Insureds with Motorists Mutual might save as much as $460 a year, and Grange Mutual customers might see rate reductions of $484 a year.
If you would like to find cheaper car insurance rates, click here to begin a quote or quote prices from the following companies.
Be aware that those premium estimates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for nurses. So the auto insurance company that can offer you the lowest price may not even be in the top 21 companies in the list above. That affirms the importance of why you need to get rate quotes using your own individual information.
Rate difference between full and liability-only coverage
Paying a lower price for car insurance should be important to the majority of vehicle owners, and a good way to pay lower rates for insurance for nurses is to not insure for full coverage. The illustration below visualizes the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no other discounts are factored in.
As an average, comprehensive and collision coverage on your policy costs $1,541 per year over and above liability coverage. That proposes the question if it’s worth it to buy full coverage. There is no exact formula to eliminate comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
There are a few situations where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Types of discounts on Louisville insurance
Insurers that provide coverage for nurses may additionally offer discounts that could lower prices by as much as 35% if you qualify. A list of companies and some of the discounts are included below.
- Farmers Insurance may offer discounts for mature driver, bundle discounts, alternative fuel, electronic funds transfer, youthful driver, teen driver, and multi-car.
- State Farm may include discounts for multiple policy, good student, multiple autos, safe vehicle, Steer Clear safe driver discount, and defensive driving training.
- Liberty Mutual includes discounts for new vehicle discount, preferred payment discount, new move discount, newly retired, good student, newly married, and teen driver discount.
- MetLife has discounts for claim-free, multi-policy, accident-free, defensive driver, good student, good driver
- Progressive discounts include online quote discount, good student, multi-policy, online signing, continuous coverage, and homeowner.
The illustration below shows the comparison of car insurance costs with and without discounts. Data assumes a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, accident-free, passive restraint, safe-driver, multiple vehicle, and multiple policy discounts applied. When discounts are applied, theaverage amount saved on car insurance for nurses is 28% or $639.
How to find cheaper insurance for nurses
Below you’ll find a few penny-pinching solutions that can help you find low-cost coverage.
- Accidents can significantly increase rates
- Improve your credit score
- Speeding tickets and other violations increase rates
- Avoid price increases by not filing claims
- Safe vehicles generally have lower rates
- Shop around for cheaper rates regularly
The last tip is very vital, as we noted in the article above. Prices charged by companies fluctuate considerably, so drivers shouldn’t be reluctant to change insurance companies if you find a better deal.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that loyalty results in overpaying a considerable chunk of change every month. Now is a great time to shop around and find cheaper auto insurance for nurses in Louisville.
The Louisville car insurance agencies listed below can provide answers to your questions and help you determine which coverages and limits you need, as many people would rather get some professional advice when shopping for the best coverage for nurses. It can be complicated to find the cheapest rates, so using a licensed agent can provide you peace of mind knowing your policy gives you adequate coverage if you have an accident or claim.
To locate a Louisville auto insurance agent using an interactive map, click the button below the list or click here to compare prices now.
Milt Nugent – State Farm Insurance Agent
1005 Dupont Square N – Louisville, KY 40207 – (502) 897-6426
Epic Insurance Solutions
9700 Ormsby Station Rd #200 – Louisville, KY 40223 – (502) 805-3742
Jeff Kleier – State Farm Insurance Agent
13303 Magisterial Dr – Louisville, KY 40223 – (502) 882-1855