Who Has the Cheapest Car Insurance Quotes for Drivers Under 21 in Kentucky?

Our content editors always give us grief that when writing about auto insurance, the words “affordable” or “cheap” really should not be used as a descriptor for auto insurance rates. It’s just reality that cheap car insurance for drivers under 21 can be extremely hard to find. But don’t let us ruin your dream, because we will teach you how you can still get coverage that is easy on your budget.

For Kentucky drivers, one of the things that auto insurance companies take into consideration when calculating car insurance rates is where you keep your vehicle in Kentucky. Cities with larger populations or higher claims like Louisville, Saint Matthews, and Jeffersontown tend to pay more, whereas areas with less people or fewer weather incidents generally pay lower auto insurance rates.

The following table illustrates the more expensive cities in Kentucky for drivers under 21 to buy car insurance in.

Table data uses approximated as the specific zip code location can modify coverage rates significantly.

The make and model of vehicle you are buying coverage for is probably the biggest factor when comparing quotes for the cheapest car insurance for drivers under 21 in Kentucky. Vehicles with lots of speed or power, poor crash test ratings, or a history of substantial liability claims will cost significantly more to insure than more modest models. The information below illustrates auto insurance rates for a number of the most affordable vehicles to insure.

Prices based on single female driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in garaging location in Kentucky which can impact auto insurance rates greatly.

Based upon the table data, you can conclude that models like the Honda CR-V, Ford Escape, and Chevrolet Traverse will definitely be the cheaper vehicles to insure for minors. The price of auto insurance will tend to be more expensive because of the fact that there is a higher risk for drivers under 21, but overall those particular vehicles will probably have the lowest insurance rates compared to other types of vehicles.

Trying to find budget insurance is not easy, and finding out which company quotes the cheapest car insurance rates for drivers under 21 will involve even more shopping around. Rates will probably be much greater than the average policy in Kentucky, with the increase attributed to the potential for higher claims related to offering coverage for minors, but reasonable insurance should be available with a little diligence.

Every auto insurer has their own unique process for determining rates in each state, so first let’s look at the rankings for the car insurance companies with the overall best prices in Kentucky. It’s important to know that Kentucky car insurance rates are impacted by many things that may substantially change your annual premium. Simply improving your credit, having a teenage driver, or getting into an accident can cause premium changes that may make certain companies more affordable than others.

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Cincinnati Insurance has some of the best car insurance rates in Kentucky at around $1,093 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual would also make the list of some of the most economical Kentucky insurance companies.

In the above rates, if you currently have a policy with Auto-Owners and switched to Kentucky Farm Bureau, you might see annual savings of in the vicinity of $285. Insureds with Motorists Mutual might save as much as $425 a year, and Grange Mutual policyholders might reduce rates by $481 a year.

Be aware that those policy prices are averages for all types of insureds and vehicles and are not factoring in a price increase for drivers under 21. So the company that is most affordable for your situation may not even be in the company chart above. That underscores the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.

Irresponsible driving raises your rates

The easiest way to score the cheapest car insurance rates in Kentucky for minors is to drive carefully and avoid getting tickets or having accidents. The information below demonstrates how citations and accidents can drive up insurance premiums for different ages of insureds. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

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The data in the chart shows the average cost of an auto insurance policy in Kentucky per year with no accidents or violations is $2,508. Get two speeding tickets and the average cost surges to $3,332, an increase of $824 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of car insurance for drivers under 21 goes up to an average of $4,175. That’s an increase of $1,667, or $139 per month, just for being a careless driver!

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

When comparing car insurance, four of the larger companies to compare rates for are Progressive, Geico, State Farm, and Allstate. All of them have a distict selection of optional coverages and features that you can select from. The next table compares some of the different options that policyholders can buy.