2019’s Best Cheap Car Insurance in Kentucky
The best way to get cheap car insurance is to compare quotes from different car insurance companies. In order to help drivers in Kentucky find the cheapest car insurance rates for their needs and circumstances, WalletHub collected over 3,500 quotes from 52 auto insurance companies in Kentucky.
WalletHub’s cheap car insurance comparison was based on up to three driver profiles with different ages, genders, driving records, marital statuses and miles driven. Read on for the full results, along with a detailed description of our methodology.
Cheapest Car Insurance in Kentucky
|Overall Rank*||Company Name||Young Driver Rank*||Senior Driver Rank*||Male Driver Rank*||Female Driver Rank*|
|1||1st Choice Advantage||1||4||5||2|
|3||Countryway Insurance Company||7||1||22||1|
|6||Economy Fire & Casualty Company||5||13||1||14|
|11||American Select Insurance Company||18||3||34||5|
|13||Cincinnati Insurance Company||11||19||9||16|
|14||Electric Insurance Company||12||16||25||13|
|16||Garrison Property & Casualty Insurance Company||15||29||48||18|
|17||Crestbrook Insurance Company||19||20||3||22|
|18||IDS Property Casualty Insurance Company||2||47||2||31|
|29||Standard Fire Insurance Company||33||26||46||19|
|33||Motorists Mutual Insurance Company||35||34||38||28|
|36||American Commerce Insurance Company||36||39||32||39|
|38||Kentucky Farm Bureau Mutual Insurance Company||42||22||44||17|
|40||Meridian Security Insurance Company||37||51||15||51|
|44||Bristol West Insurance Company||44||36||26||50|
|45||The Hartford Insurance||41||46||39||47|
|48||Twin City Fire Insurance Company||52||24||35||48|
|49||Kentucky National Insurance Company||48||52||49||40|
Cheap Car Insurance Survey
To better understand consumers’ attitudes toward car insurance, particularly related to cost, WalletHub conducted a nationally representative survey. We asked about issues ranging from how people prioritize cost versus coverage to whether it’s fair for car insurance companies to use gender, age or geography in policy pricing.
You can find the complete results of WalletHub’s 2019 Car Insurance Survey in the following infographic.
Tips for How to Get Cheap Car Insurance
- Get a car that’s cheap to cover. Certain car models cost more to insure than others. Cars that are safer and cost less, like minivans and SUVs, are cheaper to insure than expensive, fast sports cars.
- Be on your best behavior. Safe drivers with no history of accidents, tickets or arrests can look forward to cheaper rates than people who haven’t been as responsible. Convicted felons will also often have to pay more, even if their record isn’t related to driving.
- Take advantage of discounts. You may be able to get discounts if you are a veteran, get paperless statements, have a good driving record, bundle policies, are a student or have an anti-theft system, to name a few.
- Build good credit. Your credit score will often factor into your auto insurance rates – people with no credit pay 67% more than people with excellent credit on average. To boost your credit score, make sure you have at least one open credit card account that’s in good standing, always pay your bills on time, and try to use less than 30% of your credit cards’ limits.
- Look locally. There are several big-name nationwide auto insurers with lots of satisfied customers, but you don’t necessarily have to get coverage from a company that takes clients from all across the country. Plenty of car insurance companies only cater to customers in certain regions or states. These local insurers may provide lower rates but are often overlooked. Make sure to include them in your comparison, at least.
- Choose a higher deductible. An insurer may lower your monthly rates in return for a higher deductible - the amount you personally have to pay when you make a claim. That can save you money if you never have an accident. This approach makes the most sense for people who are very infrequent drivers.
- Select less comprehensive coverage. There are many types of car insurance. You will usually need liability coverage, to pay the other person’s damages if you’re at fault in an accident. But you might not need collision damage coverage (pays for your repairs) or comprehensive coverage (pays for non-accident-related damages). Both pay out based on your car’s current value. If your car is older and will cost more to fix than to buy a new vehicle, it may not be worth it.
- Consider pay-per-mile plans. Rather than paying a set amount for car insurance each month, you could find a plan that lets you pay based on how much you drive. If you have a car but rarely use it, or only drive very locally, a pay-per-mile plan might be best for you. The insurance company will place a device in your car that tracks your mileage. It may also track things like your speed and braking, which could affect your rates positively if you’re a safe driver and negatively if not.
WalletHub collected quotes from all major auto insurers for at least eight cities in Kentucky. WalletHub obtained quotes for every possible driver profile in Kentucky’s regulator’s database. By receiving quotes for multiple driver profiles, WalletHub ensured a diverse sample. Below are the general categories we considered and the metrics for each.
Kentucky Driver Profiles
|Gender||Men and Women|
|Age||23, 70 (only women)|
|Driving Record||No at-fault accidents or traffic tickets in the past 5 years|
|Miles Driven Per Year||7,000 - 15,000|
|Car||Toyota Corolla or comparable sedan|
Below are a few samples of the types of drivers for whom WalletHub received quotes:
- Example A: A 23-year-old single male with a clean driving record. Has one young child. Drives 20 miles round trip to work daily. Drives 15,000 miles annually.
- Example B: A 23-year-old single female with a clean driving record. Has one young child. Drives 20 miles round trip to work daily. Drives 15,000 miles annually.
- Example C: A 70-year-old widowed female with a clean driving record. Drives only for pleasure. Drives 7,000 miles annually.
In terms of the amount of insurance coverage, WalletHub selected the closest available option to the amounts below.
Coverage Limits Assumed:
|Coverage Type||Coverage Amount|
|Bodily Liability Coverage||$25,000 per person and $50,000 per accident|
|Uninsured Motorist Bodily Injury Coverage||$25,000 per person and $50,000 per accident|
|Property Damage Liability Coverage||$25,000 per accident|
|Collision coverage deductible||$500|
|Comprehensive coverage deductible||$500|
WalletHub used this data to rank the cheapest car insurance companies in Kentucky overall and for the individual metrics.
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