Kentucky drivers pay an average monthly rate of $177 for full coverage car insurance, slightly higher than the national average of $144 and lower than Kentucky’s largest city of Louisville ($257).
The average state-required basic liability auto insurance is $62 per month, higher than the national average of $40 and much lower than Louisville’s $84 per month.
Remember, car insurance varies significantly, in part due to location. Rural areas will pay less for auto insurance since there are likely to be fewer claims than in more congested cities. Finding the cheapest car insurance in Kentucky can be accomplished by shopping around and comparing auto insurance quotes.
What Is the Average Premium in Kentucky for Full Coverage Car Insurance?
Full coverage car insurance in Kentucky costs around $2,130 per year. Full coverage insurance consists of liability, collision auto insurance and comprehensive car insurance.
By spending a little more money each month and obtaining full coverage, you’ll have greater protection if an accident occurs. Remember, you can always drop that figure by maintaining a clean driving record for three to five years and applying for discounts. It should be noted that a single accident could exceed your basic property damage liability, as well as bodily injury liability, resulting in more out-of-pocket costs and plenty of aggravation.
How Much Is It for Liability Insurance or the Minimum Required Car Insurance in Kentucky?
Drivers with the minimum state-required required liability car insurance in Kentucky should expect to pay an average of $750 a year. Many factors determine your rates, including age, gender, driving history, zip code, and claims history.
Because Kentucky is a no-fault state, your basic liability insurance will pay for your damages and injuries, regardless of who caused the accident, up to your policy limits. Kentucky also mandates Personal Injury Protection in the amount of $10,000. However, you can reject this coverage in writing.
How Do Rates Compare Across Major Cities in Kentucky?
Residents of Kentucky will see higher or lower insurance quotes depending on where they live. This is because insurance companies take into account how many claims are filed in certain areas for car wrecks and car theft and vandalism.
Here are the average monthly premiums larger cities in Kentucky pay:
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.