Cheap Auto Insurance for 18 Year Olds in Kentucky

It’s hard to avoid all the commercials from auto insurance companies like The General, Progressive, and Liberty Mutual promising the cheapest rates. So you should just choose the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are many unknown factors like the vehicle you are insuring, your gender, where your residence is in Kentucky, and if you have ever had a coverage lapse. We will try to cover some of these factors and will hopefully give you a good beginning to your quest for cheaper car insurance.

Finding good, budget auto insurance is challenging, and figuring out which company has the lowest-priced auto insurance rates for 18 year olds will require even more rate comparisons. Insurance rates will more than likely be quite a bit higher than the state average, with the increase attributed to the added risk that comes with offering coverage for teen drivers, but affordable insurance should be attainable if you shop around. Each auto insurance company has their own formula for establishing rates, so let’s take a look at the lowest cost auto insurance companies in Kentucky.

Keep in mind that Kentucky auto insurance rates are influenced by many factors which can substantially change your annual premium. Things like getting older, having a teen driver, or getting caught speeding may cause policy rate changes that may make certain companies more expensive than others.

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Cincinnati Insurance may offer some of the best car insurance rates in Kentucky at around $1,093 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also make the list of some of the cheaper Kentucky insurance companies.

As shown above, if you are currently insured with Grange Mutual and switched to Kentucky Farm Bureau, you may see an annual savings of in the neighborhood of $422. Drivers with Motorists Mutual could save as much as $478 a year, and Travelers customers might reduce rates by $492 a year.

To see if you’re overpaying, click here to get quotes or visit any of the companies below.

Be aware that those prices are averages across all drivers and vehicles in Kentucky and do not take into consideration a price surcharge for 18 year olds. So the insurer that has the cheapest price for you may not even be featured in the chart above. That is why you need to get auto insurance quotes using your own specific driver and vehicle information.

The type of vehicle on the policy is one of the largest considerations that determines the availablility of low-cost auto insurance for 18 year olds. Vehicles with average performance, an excellent safety record, or a positive history of liability claims will cost significantly less to insure than higher performance models. The table below illustrates car insurance premiums for a selection of the most affordable automobiles to insure in Kentucky.

Data based on single female driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in your specific Kentucky location which can revise price quotes greatly.

Based upon these rates, you can expect models like the Hyundai Elantra, Honda CR-V, Chevrolet Traverse, and Honda Accord are most likely going to be some of the cheaper vehicles to insure for teen drivers. The cost of a car insurance policy will be more expensive just due to the fact that there is more exposure for 18 year olds, but generally speaking those makes and models will probably have the least expensive rates compared to all other vehicles.

One of the many things that is used to calculate a rate quote is the neighborhood you call home. Cities with larger populations or higher claim trends like Louisville, Ashland, and Saint Matthews tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents get the luxury of paying less.

The information below illustrates the most expensive places in Kentucky for 18 year olds in which to buy car insurance.

Rates are approximated as zip code location can increase or decrease premiums considerably.

Does full coverage make sense?

Finding cheap car insurance for 18 year olds in Kentucky should be important to most vehicle owners, and one of the best ways to lower the cost of insurance is to buy only liability coverage. The diagram below shows the difference between car insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 4397,1309],[‘Age 30’, 2257,717],[‘Age 40’, 2249,665],[‘Age 50’, 2041,623],[‘Age 60’, 1975,613],[‘Age 70’, 2395,819]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Kentucky’,minValue: 0,format: ‘$###,###’},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 all age groups, full coverage on your policy costs $2,552 per year over and above liability only. Many of you may wonder if paying for full coverage is worth it. There is no set rule for eliminating full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.

Discounts on Kentucky car insurance rates

<img class="floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/cheapest-insurance-18-year-olds-ky.jpg" alt="Cheaper Kentucky auto insurance for teen drivers”/>Insurance providers that provide cheap car insurance for 18 year olds in Kentucky may additionally offer policy discounts that may potentially lower prices by as much as 40% or more if you meet certain criteria. A list of auto insurance companies and their offered discounts include:

The illustration below shows the comparison of insurance rates with and without some available policy discounts. The rates are based on a female driver, no violations or claims, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with continuous coverage, good student, vehicle safety, paid-in-full, paperless filing, and passive restraint discounts applied. When taking advantage of discounts, the the average yearly reduction on auto insurance for 18 year olds is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 18’, 3497,2507],[‘Age 30’, 1631,1183],[‘Age 40’, 1519,1099],[‘Age 50’, 1327,963],[‘Age 60’, 1283,933]]);var options = {title: ‘Insurance Rate Comparison with Discounts for 18 Year Olds’,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);}

Does Allstate, State Farm, Progressive, or Geico have the cheapest car insurance?

If you’re looking for the best car insurance for teen drivers, four good companies to start with are Allstate, State Farm, Progressive, and Geico. When combined, they insure about half of all auto insurance written. They all have a slightly different mix of options and features that can influence your buying decision. The next table points out ratings and policy coverage options that policyholders can buy.