Who Has Cheap Auto Insurance for Drivers Requiring a SR22 in Kentucky?

The safety and performance level of the vehicle needing coverage is a large factor when quoting cheap car insurance for drivers requiring a SR22 in Kentucky. Vehicles with lower acceleration and performance, good crash test ratings, or a track record of few liability claims will cost substantially less to insure than adrenaline junky models. The tables below shows car insurance costs for a number of the most affordable vehicles to insure in Kentucky.

Data based on single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific Kentucky garaging location which can alter coverage prices noticeably.

Data based on single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Information does not factor in garaging location in Kentucky which can decrease or increase price quotes noticeably.

Data based on single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Prices do not factor in Kentucky location which can modify coverage rates greatly.

One of the key considerations that determine auto insurance rates is where your home is located in Kentucky. Cities with larger populations or higher claims like Louisville, Jeffersontown, and Saint Matthews tend to pay slightly more, whereas areas with less people or fewer weather incidents have the luxury of lower rates.

The information below illustrates the highest-priced areas in Kentucky for drivers requiring a SR22 in which to purchase auto insurance.

Table data uses approximated as the vehicle garaging location can alter insurance rates significantly.

Full coverage versus liability only rates

Finding cheap car insurance for drivers requiring a SR22 in Kentucky is the goal of most vehicle owners, and a great way to buy cheap insurance is to not buy full coverage. The illustration below illustrates the comparison of yearly insurance costs with and without full coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 3157,1309],[‘Age 30’, 1655,717],[‘Age 40’, 1615,665],[‘Age 50’, 1475,623],[‘Age 60’, 1435,613],[‘Age 70’, 1785,819]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Kentucky’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for ages 20 through 70, comp and collision coverage costs an additional $1,854 per year more than carrying just liability coverage. That raises the question if it’s a good idea to buy full coverage. There isn’t a written rule that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

Discounts on cheap car insurance for drivers requiring a SR22 in Kentucky

Car insurance companies that provide coverage for drivers requiring a SR22 could also offer special discounts that could reduce prices by 40% or more if you are eligible for them. A list of companies and a partial list of their discounts can be found below.

• State Farm discounts include passive restraint, multiple policy, driver’s education, multiple autos, Drive Safe & Save, and accident-free.
• Esurance offers discounts including claim free, emergency road assistance, good student, multi-car, multi-policy, and anti-theft.
• Progressive may include discounts for online quote discount, multi-policy, good student, multi-vehicle, online signing, and continuous coverage.
• Liberty Mutual includes discounts for new graduate, teen driver discount, safety features, newly retired, new move discount, newly married, and new vehicle discount.
• Auto-Owners Insurance offers premium reductions for mature driver, anti-theft, paperless, company car, anti-lock brakes, paid in full, and multiple vehicles.
• GEICO may have discounts that include seat belt use, multi-vehicle, membership and employees, daytime running lights, and five-year accident-free.

The illustration below shows the comparison of insurance prices with and without discounts applied to the policy rates. The premiums are based on a male driver, three violations and one at-fault accident, Kentucky state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, marriage, passive restraint, homeowner, anti-theft, and vehicle safety discounts applied. When discounts are applied, the the average amount saved on insurance for drivers requiring a SR22 is 28% or $958.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4799,3457],[‘Age 30’, 3241,2349],[‘Age 40’, 3225,2333],[‘Age 50’, 3073,2221],[‘Age 60’, 3023,2183],[‘Age 70’, 3331,2399]]);var options = {title: ‘Effect of Discounts on Insurance Price for Drivers Requiring a SR22’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Kentucky’,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);}

Which major car insurance company is best?

When comparing car insurance, four companies to consider are State Farm, Geico, Allstate, and Progressive. The data below compares and contrasts some of the ratings and options .

Who has the cheapest insurance quotes for high risk drivers?

Thanks to technology, drivers have a lot of ways to find cheaper insurance in Kentucky, but the most popular are either through an exclusive insurance agent like Liberty Mutual or State Farm, an independent agent, or from a direct company like Progressive. All three ways are similar, but they are slightly different in how they price policies.

Independent insurance agencies work for many companies and can compare coverage rates with every one. Independent agents have the ability to compare multiple rates, which may give you the best chance of finding a lower price. If they quote lower rates, your agent can just switch to a different company and that require little work on your part.

Exclusive agencies are only able to quote rates with just one company, two examples being Allstate and Liberty Mutual agents. These agents are not able to provide prices from multiple companies, which necessitates shopping around.

Buying insurance direct means you bypass local agents and instead buy from a direct company like Progressive. This option can be a good choice for people who have limited assets and have knowledge of what coverage options they need.

Which way works best to find cheap car insurance for drivers requiring a SR22 in Kentucky? One answer would be shopping direct saves money since it doesn’t require paying agent commissions, but that is generally not the case. It would also be easy to say going through an independent agent guarantees the cheapest rates since they have access to many companies, but again, it’s not a sure thing. In a lot of cases, exclusive agencies have really good rates that are well below what direct and independents offer.

Because it’s impossible to say who has the best insurance rates, the best method to make sure you’re not overpaying for insurance is to get as many comparison quotes as possible. It’s recommended that drivers get prices from all three to have the best selection of rates to choose from. For a list of companies with some of the cheapest Kentucky insurance rates, click here to view.