Car insurance in Kentucky costs roughly $101 per month, or $1,216 per year, on average. That is more than drivers in other states typically pay for car insurance.
How Much Insurance Costs in Kentucky for:
- Good drivers: $1,252
- New student drivers: $9,807
- High-risk drivers: $2,072
Where Kentucky Insurance Rates Rank Nationally
Kentucky ranks 37 out of 50 for the most affordable car insurance rates in the U.S. For context, Michigan has the most expensive insurance in the country, with drivers paying an average of $2,693 per year. And on the other end of the spectrum, Maine has the lowest average car insurance rate, at $896 per year.
Below, you can see how car insurance costs in Kentucky compare to rates in other states.
||Average Cost of Car Insurance per Year
Why Is Kentucky Car Insurance So Expensive?
High Crime Rate
Kentucky has a moderate crime rate compared to other parts of the country. Higher crime means a higher likelihood of vandalism or theft, which raises insurance rates. Kentucky's insurance costs more than other states where the crime rate is lower.
Higher Insurance Requirements
State laws affect insurance costs, too. Kentucky has higher insurance requirements than many other states, which means insurance is slightly more expensive.
In addition to these statewide factors influencing car insurance costs, your personal information also affects the price you pay for insurance. Some of the most impactful data points are high-risk violations on your record (e.g. DUI), your age, and your car’s make and model. In Kentucky, a driver's credit score affects their insurance costs, too - a driver with no credit pays an average of 52% more than a driver with good credit.
Whether you are considered a responsible or high-risk driver, it is always worthwhile to compare costs between several insurance companies. In other words, make sure to shop around to find a good deal for your demographic.
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