The type of vehicle you are trying to insure is probably the largest consideration when shopping around for the best cheap car insurance for 19 year olds. Vehicles with high performance features, poor safety features, or a track record of large liability claims will cost significantly more to insure than safer models. The next list presents insurance rates for a number of the most cost-effective automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $5,328 |
| Ford Escape XLT 4WD | $5,392 |
| Hyundai Elantra SE Touring Station Wagon | $5,766 |
| Toyota Prius | $5,830 |
| Ford F-150 STX Super Cab 4WD | $6,012 |
| Ford Edge SE AWD | $6,258 |
| Chevrolet Impala LS | $6,264 |
| GMC Sierra SLE Crew Cab 2WD | $6,322 |
| Toyota RAV4 Limited 4WD | $6,327 |
| Jeep Grand Cherokee Laredo 4WD | $6,322 |
| Dodge Grand Caravan SXT | $6,385 |
| Ford Explorer Limited AWD | $6,392 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $6,440 |
| Ford Focus SEL 4-Dr Sedan | $6,635 |
| Toyota Camry XLE | $6,698 |
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Price data assumes single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in Louisville, KY location which can alter insurance rates substantially.
Looking at the numbers, we can conclude that models like the Honda CR-V, Ford Escape, and Hyundai Elantra will definitely be some of the most economical vehicles to insure for teenage drivers. Car insurance rates will be more expensive because there is more claim risk for 19 year olds, but overall those models will probably have the best rates that you’ll find.
Deciphering which companies offer the best car insurance rates for 19 year olds may require more work than just picking a company at random. Each auto insurance company used slightly different criteria for determining rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Louisville, KY.
It’s important that readers know that Kentucky car insurance rates are impacted by many factors that may substantially change the price you pay. Improving your credit score, buying higher coverage limits, or getting a speeding ticket may generate price changes that may make certain companies cheaper than others.
Find the Cheapest Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,187 |
| 4 | Auto-Owners | $1,413 |
| 5 | Grange Mutual | $1,609 |
| 6 | Travelers | $1,614 |
| 7 | Motorists Mutual | $1,617 |
| 8 | Westfield | $1,814 |
| 9 | State Farm | $1,848 |
| 10 | Safe Auto | $1,991 |
| 11 | Nationwide | $2,064 |
| 12 | Progressive | $2,119 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,791 |
| 18 | Shelter | $3,135 |
| 19 | MetLife | $3,177 |
| 20 | Liberty Mutual | $3,744 |
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Cincinnati Insurance normally has some of the most affordable car insurance rates in Louisville at around $1,115 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also be considered some of the cheapest Louisville, KY car insurance companies.
As shown above, if you buy coverage from Auto-Owners and switched to Kentucky Farm Bureau, you could see a yearly price reduction of upwards of $239. Customers with Grange Mutual might save as much as $435 a year, and Travelers customers might realize rate reductions of up to $440 a year.
Be aware that those policy prices are averaged across all ages of drivers and types of vehicles and are not factoring in an exact zip code location for 19 year olds. So the auto insurance company that fits your situation best may not even be in the list above. That’s why you need to get quotes using your own specific driver information and vehicle.
For teenage drivers, one of the largest things that are looked at to help calculate the amount you pay each year for auto insurance is where you normally keep your vehicle. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with less congestion benefit from lower coverage costs.
The information below shows the highest-priced places in Kentucky for 19 year olds to purchase car insurance in. Louisville ranks #1 with the annual price of $2,112 for coverage, which is around $176 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Louisville | $2,112 |
| 2 | Frankfort | $1,725 |
| 3 | Ashland | $1,724 |
| 4 | Jeffersontown | $1,668 |
| 5 | Saint Matthews | $1,643 |
| 6 | Elizabethtown | $1,611 |
| 7 | Radcliff | $1,606 |
| 8 | Paducah | $1,583 |
| 9 | Danville | $1,581 |
| 10 | Madisonville | $1,568 |
| 11 | Murray | $1,565 |
| 12 | Winchester | $1,563 |
| 13 | Henderson | $1,557 |
| 14 | Nicholasville | $1,504 |
| 15 | Lexington | $1,499 |
| 16 | Georgetown | $1,491 |
| 17 | Richmond | $1,490 |
| 18 | Florence | $1,485 |
| 19 | Independence | $1,480 |
| 20 | Hopkinsville | $1,478 |
| 21 | Bowling Green | $1,476 |
| 22 | Covington | $1,472 |
| 23 | Erlanger | $1,420 |
| 24 | Owensboro | $1,418 |
| 25 | Fort Thomas | $1,397 |
| Compare Rates Now Go | ||
Premium amounts are estimated as the garaging address in Louisville can affect coverage rates substantially.
Does full coverage make sense?
Saving money on car insurance is the goal of most vehicle owners, and one of the quickest ways to save on the cost of insurance for 19 year olds is to not buy full coverage. The illustration below shows the difference between insurance costs with liability coverage only compared to full coverage. The premiums assume no claims or driving citations, $250 deductibles, single marital status, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, comp and collision coverage costs an additional $1,718 per year more than just buying liability insurance. Many drivers may wonder if full coverage is worth the money. There is no written rule of when to stop paying for full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s pretend your vehicle’s replacement value is $4,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $3,500 after paying your policy deductible. If premium cost is more than $350 a year for physical damage coverage, then it might be time to consider dropping full coverage.
How accidents and tickets impact rates in Louisville
The recommended way to get the cheapest car insurance prices in Kentucky for teenage drivers is to drive attentively and have a clean driving record. The chart below shows how speeding tickets and at-fault fender-benders can increase auto insurance rates for different age groups. The costs are based on a married male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the previous example, the average cost of an auto insurance policy in Louisville per year with no accidents or violations is $1,747. Factor in two speeding tickets and the average cost rises to $2,408, an increase of $661 each year. Next add one accident along with the two speeding tickets and the 12-month cost of car insurance for 19 year olds increases to an average of $3,085. That’s an increase of $1,338, or $112 per month, just for not maintaining a clean driving record!
Get discounts on Louisville car insurance rates
Insurance companies that offer cheap quotes for 19 year olds may also offer premium discounts that can reduce rates by 30% or more if you qualify. The best car insurance companies and some of the premium reductions they offer are outlined below.
- GEICO has discounts for air bags, seat belt use, federal employee, military active duty, and multi-vehicle.
- MetLife discounts include good driver, multi-policy, claim-free, accident-free, good student, and defensive driver.
- State Farm offers premium reductions for Drive Safe & Save, safe vehicle, multiple policy, good driver, anti-theft, and driver’s education.
- Progressive has savings for continuous coverage, multi-vehicle, good student, online quote discount, and homeowner.
- Mercury Insurance offers discounts including good driver, professional/association, age of vehicle, low natural disaster claims, multi-policy, and location of vehicle.
- 21st Century includes discounts for student driver, anti-lock brakes, 55 and older, early bird, automatic seat belts, air bags, and good student.
- Allstate may include discounts for eSmart discount, anti-lock brakes, premier plus, defensive driver, FullPay discount, and economy car.
The diagram below shows the difference between annual premium costs with and without some available policy discounts. The rate quotes are based on a female driver, no accidents or driving violations, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, homeowner, multiple policy, passive restraint, multiple vehicle, and claim-free discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for 19 year olds is 28% or $718.