Cheapest Car Insurance for Teenagers in Kentucky

Deciding which insurers offer the best insurance rates for teenagers will involve a little more sweat than just comparing a company or two. Each insurer uses a little different formula to set premium rates, so we will examine the lowest cost insurance companies in Kentucky.

Find Cheaper Auto Insurance for Teens

Get a Free Quote and Save

Cincinnati Insurance has some of the best car insurance rates in Kentucky at around $1,093 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also make the cut as some of the lowest-priced Kentucky car insurance companies.

As the example above demonstrates, if you currently have coverage with USAA and switched to Cincinnati Insurance, you might realize savings of upwards of $82. Policyholders with Auto-Owners could save as much as $306 a year, and Grange Mutual customers might reduce prices by as much as $468 a year.

Understand that those policy prices are averages across all types of insureds and vehicles and do not factor in a rate increase for teenagers. So the insurer that can offer you the best rate may not even be shown in the rate chart shown above. That’s why you need to quote rates from many companies using your own driver and vehicle profiles.

The vehicle model to be insured is probably the largest consideration in finding the cheapest car insurance for teenagers in Kentucky. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of liability claims will cost substantially less to insure than higher performance models. The next list showcases insurance costs for a number of the most economical automobiles to buy coverage for.

Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific Kentucky garaging location which can modify coverage prices significantly.

Based upon these rates, you can conclude that vehicles like the Honda CR-V, Ford Escape, Chevrolet Traverse, Volkswagen Jetta, and Subaru Forester should be some of the more affordable vehicles to insure for teen drivers. Rates will be more expensive because of the fact that there is more liability risk for teenagers, but overall those specific models will probably have the lowest insurance prices available.

Get discounts on Kentucky insurance rates

Auto insurance companies that sell the cheapest car insurance for teenagers in Kentucky could also offer rate discounts that could reduce prices by 25% or more if you meet specific eligibility requirements. A few popular companies and a summarized list of policyholder discounts are outlined below.

The information below compares car insurance rates with and without policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, vehicle safety, paperless filing, good student, continuous coverage, and anti-theft discounts applied. When these discounts are applied to the policy premium, the the average amount saved on insurance for teenagers is 32% or $651.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 17’, 3899,2791],[‘Age 30’, 1631,1183],[‘Age 40’, 1519,1099],[‘Age 50’, 1327,963],[‘Age 60’, 1283,933]]);var options = {title: ‘Comparison of Insurance Rates for Teenagers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Is State Farm, Progressive, Geico, or Allstate cheaper?

When it comes to buying auto insurance for teen drivers in Kentucky, probably the best companies to start with are State Farm, Progressive, Geico, and Allstate. The next table compares price and claims rank as well as some different options that you can purchase from each one.

How to find budget-friendly insurance for teenagers

The list below details many thrifty suggestions that can help you get cheap coverage.

• Avoid getting tickets or violations
• Raise physical damage deductibles
• Do not get into accidents that are your fault
• Vehicles with safetly features generally cost less to insure
• Increase your credit rating
• Shop around and save

The last tip in the list is incredibly important, as was discussed in the article above. Car insurance prices can change significantly in a year, so drivers shouldn’t be resistant to change insurance companies if a better deal can be had. Having brand loyalty is commendable, but it’s not a good idea if your bullheadedness ends up costing you money that could be going to better use. In just a couple of minutes you could compare rates and find cheaper insurance for teenagers.