One of the many things that are looked at to determine the cost of insurance is where you keep your vehicle. Cities with more crime and/or more people likely pay more, whereas areas with less congestion benefit from lower rates.
The table below rates the highest-priced areas in Kentucky for drivers over age 50 to buy car insurance in. Louisville shows up at #1 costing $2,176 for coverage, which is around $181 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,176 |
| 2 | Frankfort | $1,725 |
| 3 | Ashland | $1,673 |
| 4 | Jeffersontown | $1,668 |
| 5 | Radcliff | $1,654 |
| 6 | Saint Matthews | $1,643 |
| 7 | Paducah | $1,599 |
| 8 | Elizabethtown | $1,595 |
| 9 | Danville | $1,581 |
| 10 | Murray | $1,565 |
| 11 | Henderson | $1,557 |
| 12 | Madisonville | $1,552 |
| 13 | Georgetown | $1,551 |
| 14 | Hopkinsville | $1,538 |
| 15 | Nicholasville | $1,519 |
| 16 | Winchester | $1,517 |
| 17 | Lexington | $1,499 |
| 18 | Erlanger | $1,478 |
| 19 | Bowling Green | $1,476 |
| 20 | Richmond | $1,475 |
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Rate information is estimated as the garaging address in Louisville can impact coverage rates significantly.
The car, truck, or SUV requiring insurance is a large factor when quoting the best auto insurance for drivers over age 50. Vehicles with high performance features, a lack of modern safety features, or a high likelihood of having liability claims will cost more to insure than more economical and safe models.
The next list ranks insurance prices for a selection of the cheapest automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $1,821 |
| Honda CR-V EX 2WD | $1,828 |
| Hyundai Elantra GLS Touring Station Wagon | $1,821 |
| Ford Escape Limited 2WD | $1,864 |
| Honda Odyssey LX | $1,998 |
| Ford Edge SE 2WD | $2,003 |
| Toyota Prius | $2,014 |
| Dodge Grand Caravan CV | $2,041 |
| Ford Explorer XLT AWD | $2,050 |
| Chevrolet Impala LS | $2,109 |
| Toyota RAV4 Limited 4WD | $2,152 |
| Chevrolet Silverado LS Extended Cab 4WD | $2,158 |
| Volkswagen Jetta S 4-Dr Sedan | $2,152 |
| Toyota Tacoma Double Cab 4WD | $2,191 |
| GMC Sierra SLE Crew Cab 4WD | $2,305 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $2,310 |
| Jeep Grand Cherokee Limited 4WD | $2,305 |
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in specific location information which can increase or decrease insurance rates substantially.
Looking at the data, you can assume that models like the Honda Accord, Honda CR-V, and Hyundai Elantra are likely to be a few of the most affordable vehicles to insure for older drivers.
Selecting the right insurer can be difficult considering how many companies there are in Kentucky. The rank data in the next section can help you decide which providers to look at when shopping around.
The ratings below include companies with a nationwide focus, so companies that only write business in Kentucky or surrounding areas are not taken into consideration for these rankings. If you wish to compare prices from the insurers below and more, simply click here.
| 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 |
| 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 |
| 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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Data Source: Insure.com Best Car Insurance Companies
Responsible drivers pay cheaper Louisville car insurance rates
A great way to enjoy good car insurance premiums in Kentucky for older drivers is to drive cautiously and avoid traffic citations and accidents. The illustration below shows how violations and accident claims influence car insurance rates for different insured age categories. The premium estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
The data above shows the average cost of car insurance in Kentucky per year with no accidents or violations is $1,054. Get two speeding tickets and the average cost jumps to $1,487, an increase of $432 each year. Then add two accidents along with the two speeding tickets and the annual cost of car insurance for drivers over age 50 jumps again to an average of $3,297. That’s an increase of $2,243, or $187 per month, just for not paying attention while driving!
Here’s why price comparisons are so important
Louisville car insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, buying a different vehicle, or having an at-fault accident may prompt premium changes that can now make some companies more affordable than competitors.
Not only that, but car insurance companies change rates every year or even multiple times each year to adjust for unexpected claims or profits. Higher than usual claims may cause increased rates, while a profitable period may produce cheaper Louisville car insurance rates.
The data below demonstrates which company has the cheapest car insurance in Louisville, KY for a 45-year-old female driver with no accidents, a clean driving record, and a good credit history. If we compare prices based on her personal profile, Cincinnati Insurance might quote the most affordable car insurance rates in Louisville at $1,672 annually. This is $471 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are the rest of the top five cheapest Louisville, KY auto insurance companies.
The example below compares rates after we give the driver from the above example a claim, a little lower credit rating, and a blemish on her driving record. Because each company has their own unique process to establish rates, comparing prices could result in a different set of the cheapest companies as shown below.
Travelers now has the cheapest rate in Louisville, KY with Kentucky Farm Bureau, USAA, State Farm, and Cincinnati Insurance also having competitive pricing. This example illustrates why Kentucky drivers need to compare as many rates as possible to get affordable insurance rates for drivers over age 50.
Insurance prices are impacted by many factors and can decrease or increase without notice, so the cheapest rate the last time you shopped around may now be an over-priced policy.