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Kentucky auto insurance rates are well above the national average, and that can put a serious strain on drivers' wallets. But savvy shoppers can save themselves hundreds or even thousands of dollars by focusing on the best car insurance in Kentucky. Here's a look at which companies offer the cheapest rates for several common driver profiles.
Female drivers with clean records pay about $2,758 annually for Kentucky auto insurance. Male drivers pay just slightly more at $2,806 per year. Geico offers both much more affordable rates. Its average annual premium is $1,171 for females and $1,254 for males.
These insurers also make the list of the best car insurance companies in Kentucky:
A single accident raises the state's average auto insurance premium to $4,239 per year. For this group, State Farm offers the cheapest car insurance in Kentucky, with an average annual premium of $2,089.
Drivers with an accident history can also find cheap auto insurance in Kentucky with these companies:
Drivers with one speeding ticket on their record also pay more for Kentucky auto insurance -- about $3,488 per year on average. But those who go with Geico pay a much lower $1,387 per year.
These companies also offer affordable car insurance in Kentucky to drivers with speeding tickets:
Young drivers pay the most for Kentucky auto insurance, with the average 18-year-old with a clean record paying $7,716 per year. But State Farm covers teens for just $4,120 per year on average.
Teens can also score low-cost car insurance in Kentucky with these companies:
Senior drivers pay about $2,415 per year for Kentucky auto insurance on average. But once again, Geico offers a much better deal. Its average 65-year-old driver pays an average annual premium of $1,316.
Seniors can also find cheap car insurance quotes in Kentucky with these insurers:
Kentucky minimum car insurance costs about $1,112 per year on average. But drivers who choose Geico can get state minimum coverage for less than half that. Its average annual premium is just $502.
Drivers can also find cheap liability car insurance in Kentucky with these companies:
Drivers with poor credit pay about $4,782 per year for Kentucky auto insurance. But those who choose Geico only pay about $2,390 per year.
These companies also offer great rates on Kentucky auto insurance to drivers with poor credit:
How much is car insurance in Kentucky? That depends on several factors, including the driver's age, gender, driving history, vehicle make and model, address, and more. But typically, Kentucky auto insurance rates are above average compared to the rest of the country. Here's a look at how its rates for a few of the profiles above stack up to the nation as a whole.
|Average Rate Category||Kentucky||National Average|
|1 accident on driving record||$4,239||$3,092|
|1 speeding ticket on driving record||$3,488||$2,766|
Here are some Kentucky car insurance laws all drivers should familiarize themselves with:
Kentucky is a no-fault auto insurance state. This means, in the event of an accident resulting in injuries, each driver bills their own insurer for the costs. They rely upon their personal injury protection (PIP) coverage to help them pay these bills.
But Kentucky is a choice no-fault state, which means drivers have the opportunity to opt out of this system. This gives them the right to sue the other driver for compensation without meeting the state's minimum threshold for a lawsuit under no-fault coverage.
Driving without Kentucky auto insurance can result in the following penalties:
Kentucky drivers must carry at least the following coverage:
Drivers must have at least:
Drivers must also have at least $25,000 of property damage liability coverage.
Those who don't opt out of the state's no-fault system must also carry $10,000 of personal injury protection (PIP) coverage.
Drivers seeking the cheapest car insurance in Kentucky should do the following:
Here are a few other things drivers should keep in mind when shopping for Kentucky auto insurance:
Nearly 14% of Kentucky drivers don't have auto insurance, according to the Insurance Information Institute, despite this being against the law. This is problematic because, if there's a serious accident, the victim can sue the driver at fault, even in a no-fault state like Kentucky. But if the at-fault driver doesn't have insurance, the victim may not get any help paying for their bills.
Adding uninsured and underinsured motorist coverage can help drivers avoid this issue. Uninsured motorist coverage kicks in if the policyholder is hit by an uninsured driver. Underinsured motorist coverage can help the policyholder cover the difference if they're hit by a driver without enough insurance to cover the full cost of the damages.
State minimum coverage doesn't offer any protection for the policyholder's own vehicle. Those who want help fixing their car following an accident will need collision and comprehensive coverage. Collision coverage pays for repairs needed due to a single-car or multi-car accident while comprehensive coverage pays for damages caused by bad weather, theft, vandalism, animal-vehicle collisions, and more.
RELATED: Need homeowners insurance? Check out The Ascent's guide to the best cheap Kentucky homeowners insurance.
Our Insurance Expert
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
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