Cheapest Car Insurance for Low Income Drivers in Kentucky

Wouldn’t life be so easy if you could just know the one perfect auto insurance company that has the most affordable coverage for low income drivers? Regrettably, it’s not quite that easy, as there are a ton of unknown factors like if you are insuring for full coverage or just liability only, the performance level of your vehicle, if you have ever let your coverage lapse, and the likelihood of vehicle theft where you live. If you keep reading, we will teach you about the different scenarios that increase car insurance cost and also should give you a good start in finding the cheapest car insurance.

The car, truck, or SUV requiring coverage is one of the largest considerations that determines whether or not you find affordable auto insurance for low income drivers. Vehicles with high performance features, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models. The next lists outlines insurance rates for a handful of the cheaper vehicles to buy coverage for.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Estimates do not factor in garaging location in Kentucky which can change premium rates substantially.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate quotes do not factor in garaging location in Kentucky which can affect price quotes greatly.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in vehicle location which can decrease or increase insurance rates noticeably.

When buying insurance for poor drivers, one of the key things used to establish car insurance rates is your address. Urban areas that are densely populated like Louisville, Ashland, and Saint Matthews tend to pay slightly more, whereas more rural areas generally pay less for insurance.

The information below ranks the most expensive cities in Kentucky for low income drivers to buy an auto insurance policy in.

Table data uses comparative as specific location information can alter premium rates noticeably.

Picking the best car insurance company can be rather challenging considering how many companies provide coverage in Kentucky. The ranking information listed below could help you select which insurers you want to consider when trying find the best insurance for low income drivers.

The ratings below are only made up of the companies with a significant amount of written premium nationwide, so smaller companies are not factored into these rankings. If you would like to check rates and find the cheapest rates for low income drivers, follow this link.

Top 10 Large Auto Insurance Providers in Kentucky Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top 10 Large Auto Insurance Providers in Kentucky Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century

The chart below highlights how deductible choice can affect premium costs when quoting cheap insurance for low income drivers. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.

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The chart above illustrates that a 50-year-old driver could pocket $352 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $528 by choosing a $1,000 deductible. Even younger drivers, like the age 20 example, can save up to $898 or even more by choosing a larger deductible amount.

When insureds make the decision to increase the deductibles on their policy, it will be necessary to have emergency funds available to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Cheapest car insurance: Allstate, State Farm, Geico, or Progressive

If you want reliable car insurance, the top insurers to get price quotes from are Allstate, State Farm, Geico, and Progressive. All four offer physical damage and liability coverage, but each has slightly different coverages and options that policyholders can choose from. The following table rates pricing and service ratings, plus some optional coverages that you can purchase from each one.