Who Has the Cheapest Car Insurance for Good Drivers in Kentucky?

We all like different vehicles, and the type of vehicle needing coverage is probably the most important factor that determines whether or not you find the lowest-priced coverage for good drivers. Vehicles with average performance, a great safety record, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models.

The data below shows car insurance costs for a handful of the cheapest automobiles to buy coverage for.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can change coverage rates noticeably.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Table data does not factor in the specific area where the vehicle is garaged which can increase or decrease prices noticeably.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in your specific Kentucky location which can raise or lower premiums significantly.

Deciding which companies have the cheapest auto insurance rates for good drivers takes a bit more work in order to find the best policy. Each company uses a little different formula to set premium rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Kentucky.

It’s important that you understand Kentucky auto insurance rates are impacted by many things that will increase or decrease the policy price. Improving your credit rating, moving to a new city, or having an accident can trigger rate changes that can make some companies much cheaper than others.

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Cincinnati Insurance has some of the cheapest car insurance rates in Kentucky at around $1,115 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the more affordable Kentucky auto insurance companies.

In this example, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you might achieve a yearly savings of in the neighborhood of $285. Customers with Motorists Mutual may save as much as $441 a year, and Grange Mutual policyholders might see rate reductions of $497 a year.

If you would like to find the cheapest car insurance for good drivers in Kentucky, click here to start your custom quote or click through to the companies below.

It’s important to note that these premium estimates are averages for all drivers and vehicles and do not factor in a rate discount for good drivers. So the company that fits you best may not even be in the above list. That helps illustrate why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

The information below highlights how deductible choice can raise or lower yearly insurance costs when getting quotes for cheap insurance for good drivers. The data assumes a married male driver, full physical damage coverage, and no policy discounts are applied.

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A 30-year-old driver could lower their car insurance rates by $354 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $532 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, could lower their rates up to $1,060 or even more just by choosing higher deductibles.

When raising deductibles, it will be necessary to have additional funds in a savings account to cover the extra out-of-pocket expense that is associated with using high deductibles.

Discount Kentucky insurance

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-good-drivers-ky.jpg" alt="Cheaper Kentucky auto insurance for safe drivers” />Auto insurance companies that offer the cheapest car insurance for good drivers in Kentucky may also give you special discounts that could lower prices by 40% or more if you can meet the requirements. Popular auto insurance companies and their offered discounts are shown below.

• Travelers policyholders can earn discounts including home ownership, payment discounts, save driver, student away at school, and early quote.
• 21st Century includes discounts for driver training, automatic seat belts, defensive driver, 55 and older, early bird, student driver, and homeowners.
• State Farm may include discounts for student away at school, Steer Clear safe driver discount, driver’s education, defensive driving training, good driver, and multiple autos.
• GEICO has discounts for multi-vehicle, daytime running lights, air bags, five-year accident-free, and anti-theft.
• SAFECO may offer discounts for safe driver, homeowner, anti-theft, accident prevention training, and bundle discounts.
• AAA offers discounts for multi-policy, education and occupation, anti-theft, good student, AAA membership discount, multi-car, and pay-in-full.

The example below visualizes the comparison of premium costs with and without some available policy discounts. The premium estimates are based on a male driver, no accidents or driving violations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, vehicle safety, multiple policy, marriage, multiple vehicle, and safe-driver discounts applied. When these discounts are applied, the the amount saved on auto insurance for good drivers is 28% or $575.

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Allstate, State Farm, Geico, and Progressive: Who is cheapest?

When shopping for car insurance for safe drivers in Kentucky, four good companies to start with are Allstate, State Farm, Geico, and Progressive. When combined, they make up nearly half of the car insurance market in the United States. The following table ranks some of the different options that may be available in Kentucky.