Cheap Auto Insurance for Lyft Drivers in Kentucky

For Lyft vehicles, one of the big considerations that influence the policy price is where you choose to live in Kentucky. Areas with increased crime or more people like Louisville, Jeffersontown, and Ashland tend to have higher rates, whereas areas that are not as densely populated have the luxury of lower rates.

The information below lists the higher priced cities in Kentucky for Lyft drivers to buy car insurance in.

Rate quotes are comparative as the specific Kentucky residence address can affect price quotes greatly.

Finding decent, cost effective car insurance is easier said than done, and deciding which company quotes the cheapest insurance rates for Lyft drivers will require more quotes for comparison. Each insurance company uses their own method for establishing rates, so we need to take a look at the most competitive insurance companies in Kentucky.

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Cincinnati Insurance normally has some of the most affordable car insurance rates in Kentucky at around $1,093 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the cheapest Kentucky auto insurance companies.

As shown above, if you currently buy coverage from USAA and switched to Cincinnati Insurance, you could earn an annual savings of about $118. Customers with Auto-Owners could save as much as $320 a year, and Motorists Mutual customers might reduce rates by $460 a year.

Remember that these estimates are averaged for all types of drivers and the different vehicles they drive and and are not figured with a price discount for Lyft drivers. So the auto insurance company that fits you best may not even be included in the list of companies above. That’s why you need to get quotes using your own personalized driver profile and vehicle information.

The make and model of vehicle you are insuring is probably the most important factor that determines whether or not you find low-cost car insurance for Lyft drivers. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The information below estimates coverage rates for a number of the most affordable automobiles to insure in Kentucky.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in specific location which can change insurance rates greatly.

Looking at the numbers, makes and models like the Honda Accord, Ford Escape, Chevrolet Traverse, Honda CR-V, and Dodge Grand Caravan should be a few of the less-costly vehicles to insure for Lyft vehicles.

Insuring your vehicle with the best auto insurance provider can be a challenge considering how many choices you have in Kentucky. The company rank data in the next section could help you analyze which car insurance providers to look at comparing price quotes from. The ratings below include major nationwide insurance companies, so companies that focus mainly on Kentucky business are not taken into consideration for the list.

Discounts on cheap car insurance for Lyft drivers in Kentucky

Auto insurance companies that sell policies for Lyft drivers may also provide special discounts that could lower prices by as much as 40% or more if you meet the requirements. Companies and their offered discounts are shown below.

• Farmers Insurance discounts include youthful driver, early shopping, distant student, multi-car, good student, and mature driver.
• State Farm has discounts for safe vehicle, Drive Safe & Save, passive restraint, Steer Clear safe driver discount, defensive driving training, and multiple policy.
• Liberty Mutual may have discounts that include newly retired, exclusive group savings, newly married, new move discount, and teen driver discount.
• MetLife may offer discounts for multi-policy, defensive driver, good driver, good student, accident-free, and claim-free.
• Progressive includes discounts for multi-vehicle, continuous coverage, online quote discount, online signing, and good student.

The example below illustrates the difference between insurance prices with and without discounts applied to the rates. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, homeowner, anti-theft, marriage, defensive driving course, and safe-driver discounts applied. In this example, the the amount saved on insurance for Lyft drivers is 28% or $408.

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