For single parents, one of the largest components that aid in calculating car insurance rates is where your car is garaged. Areas with more people or higher crime rates are more likely to pay higher prices, whereas less populated areas profit from lower rates.
The next table shows the highest-priced places in Kentucky for single moms to buy car insurance in. Louisville ranks #1 costing $2,176 on average, which is about $181 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Louisville | $2,176 |
| 2 | Frankfort | $1,725 |
| 3 | Saint Matthews | $1,694 |
| 4 | Jeffersontown | $1,685 |
| 5 | Ashland | $1,673 |
| 6 | Paducah | $1,631 |
| 7 | Elizabethtown | $1,611 |
| 8 | Radcliff | $1,606 |
| 9 | Danville | $1,581 |
| 10 | Henderson | $1,557 |
| 11 | Madisonville | $1,552 |
| 12 | Murray | $1,549 |
| 13 | Nicholasville | $1,504 |
| 14 | Winchester | $1,501 |
| 15 | Georgetown | $1,491 |
| 16 | Richmond | $1,490 |
| 17 | Covington | $1,487 |
| 18 | Hopkinsville | $1,478 |
| 19 | Lexington | $1,469 |
| 20 | Florence | $1,441 |
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Premium amounts are approximated as specific location information can impact auto insurance rates significantly.
The make and model of vehicle driven is a large consideration when quoting cheap insurance for single moms. Vehicles with higher performance characteristics, poor safety ratings, or a track record of large liability claims will cost much more to insure than more modest models. The information below illustrates coverage costs for some of the cheaper vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $1,983 |
| Chevrolet Silverado LS Regular Cab 4WD | $2,011 |
| Ford Focus S 4-Dr Sedan | $2,124 |
| Volkswagen Jetta SE 2.5 Station Wagon | $2,140 |
| Dodge Grand Caravan Hero | $2,164 |
| Honda CR-V LX 4WD | $2,238 |
| Nissan Altima 2.5 S 4-Dr Sedan | $2,278 |
| Toyota Corolla LE | $2,288 |
| Hyundai Elantra GLS 4-Dr Sedan | $2,278 |
| Ford Escape XLT 4WD | $2,293 |
| Ford Edge SE 2WD | $2,302 |
| Kia Optima LX | $2,321 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $2,326 |
| Honda Civic GX 4-Dr Sedan | $2,388 |
| Chevrolet Impala LS | $2,431 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,456 |
| Toyota Camry Hybrid | $2,477 |
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in specific Louisville, KY garaging location which can alter premium rates considerably.
Looking at the rates, you can expect vehicles like the Honda Accord, Chevrolet Silverado, Ford Focus, Volkswagen Jetta, and Dodge Grand Caravan will definitely be a few of the less-costly vehicles to insure for single parents.
Kentucky car insurance companies
Selecting the highest-rated auto insurance provider can be rather challenging considering how many different companies insure vehicles in Kentucky. The company rank data below can help you choose which auto insurance companies you want to consider when looking for cheaper rates. These ratings include large, nationwide insurance companies, so companies that focus mainly on Kentucky business are not taken into consideration for this list.
Top 10 Major Auto Insurance Providers in Louisville Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Top 10 Major Auto Insurance Providers Overall in Louisville
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Types of discounts on Louisville auto insurance
Auto insurance companies that provide coverage for single moms could also offer rate discounts that could lower prices by as much as 40% or more if you can meet the requirements. The best car insurance companies and their possible discounts are:
- GEICO may have discounts that include driver training, anti-lock brakes, multi-vehicle, multi-policy, and daytime running lights.
- SAFECO offers premium reductions for anti-theft, bundle discounts, homeowner, anti-lock brakes, multi-car, teen safety rewards, and teen safe driver.
- State Farm has discounts for accident-free, multiple policy, Drive Safe & Save, driver’s education, good student, and multiple autos.
- MetLife offers discounts including good student, defensive driver, claim-free, good driver, multi-policy, and accident-free.
- 21st Century includes discounts for driver training, defensive driver, student driver, air bags, and 55 and older.
- Progressive offers discounts for multi-policy, continuous coverage, good student, multi-vehicle, and homeowner.
The chart below illustrates the comparison of insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no accidents or driving violations, Kentucky state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, passive restraint, multiple policy, accident-free, safe-driver, and claim-free discounts applied. When discounts are applied, theaverage amount saved on car insurance for single moms is 28% or $605.
The chart below highlights how deductible choice can raise or lower yearly insurance costs when quoting cheap insurance for single moms. The premiums assume a married female driver, full physical damage coverage, and no other discounts are factored in.
A 40-year-old driver could lower their car insurance rates by $266 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $402 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could drop their prices as much as $662 or more by choosing larger deductibles on their policy.
If you make the decision to raise deductibles, it will now be necessary to have spare funds to allow you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Compare quotes and save
Kentucky car insurance rates are influenced by many factors which can substantially change the cost of coverage. Turning one year older, buying a different vehicle, or getting a ticket for running a stop sign can trigger changes in premium that can now make some companies affordable when they were higher priced.
Additionally, insurance companies change the rates they charge in Kentucky multiple times each year to adjust for unexpected claims or profits. Unexpectedly high claims can cause higher rates, while better underwriting can result in lower-cost Louisville car insurance rates.
As an example, the graph below shows which company has the cheapest car insurance in Louisville, KY for a 30-year-old female driver with no prior claims, no tickets, and a good credit history. When comparing rates based on her current situation, Cincinnati Insurance quotes the best car insurance rates in Louisville at $1,711 a year. This is $432 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are the rest of the cheapest Louisville, KY auto insurance companies.
Now we will give the driver from the first example some claims, slightly worse credit, and a few traffic violations. Due to the fact that every insurance company uses their own calculation for filing rates in each state, analyzing rates most likely will result in a different list of the cheapest Louisville car insurance companies as shown below.
Kentucky Farm Bureau now has the cheapest rate in Louisville, KY with Travelers, USAA, Westfield, and Cincinnati Insurance also being competitive. This example proves why it is critical to take the time to shop around when trying to find the cheapest insurance quotes for single moms.
Auto insurance prices are made up of many different factors and change dramatically, so the lowest-price company two years ago may now be costing you a lot of money.