Who Has the Cheapest Car Insurance for High School Students in Kentucky?

Since we’re writing about car insurance, the words “cheap” or “affordable” really should not be used anywhere in the article. Excuse the oxymoron, but cheap auto insurance for high school students is not always easy to find. But don’t let us ruin your dream, because we are going to show you how you can quote and buy car insurance that you can fit into your budget.

For teenagers, one of the more important considerations that aid in calculating the annual cost of car insurance is where you choose to live in Kentucky. Areas with more people or higher crime rates like Louisville, Jeffersontown, and Saint Matthews likely pay more, whereas areas with less crime or weather claims enjoy lower car insurance rates.

The next table displays the highest-priced places in Kentucky for high school students to buy car insurance in.

Rate quotes are approximated as the garaging address in Kentucky can increase or decrease auto insurance rates significantly.

The vehicle that needs insurance is one of the largest considerations that determines the availablility of the cheapest auto insurance for high school students in Kentucky. Vehicles with lower acceleration and performance, a great safety record, or a low likelihood of liability claims will cost much less to insure than high performance models. The next table estimates coverage rates for a selection of the most cost-effective automobiles to insure in Kentucky.

Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location information which can impact insurance rates noticeably.

Looking at the rates, we can assume that cars like the Honda Accord, Honda CR-V, Ford Escape, Ford Edge, and Honda Odyssey should be some of the more affordable vehicles to insure for teenagers. The price for an auto insurance policy will be more costly because of the fact that there is more exposure for high school students, but generally speaking those specific models will tend to have the cheapest car insurance rates compared to all other vehicles.

Determining which companies have the cheapest insurance rates for high school students will take more time in order to find the best policy. Each auto insurance company has their own unique process to determine premium rates, so we will examine the insurance companies with the overall best prices in Kentucky.

Best Cheap Insurance Rates for Students

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Cincinnati Insurance may offer some of the cheapest car insurance rates in Kentucky at around $1,126 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the cheaper Kentucky insurance companies.

As illustrated above, if you currently buy coverage from USAA and switched to Cincinnati Insurance, you might realize a yearly price reduction of approxmiately $97. Kentucky drivers with Auto-Owners might save as much as $231 a year, and Motorists Mutual customers might lower prices by $427 a year.

To find out how much you can save, click here or quote prices from the following companies.

Remember that these prices are averaged across all insureds and vehicles and and are not figured with a rate increase for high school students. So the auto insurance company that has the lowest price for you may not even be shown in the rate chart shown above. That emphasizes why you need to get rate quotes from many companies using your own individual information.

Impact of careless driving on insurance rates

The obvious way to receive good insurance premiums in Kentucky for teenagers is to drive safely and not receive tickets or have accidents. The diagram below illustrates how traffic citations and accidents influence insurance costs for different age categories. The premiums are based on a single female driver, full coverage, $250 deductibles, and no discounts are factored in.

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The chart shows that the average cost of a car insurance policy in Kentucky per year with no accidents and a clean driving record is $1,800. Add in two speeding tickets and the average cost swells to $2,420, an increase of $620 each year. Next add one accident along with the two speeding tickets and the yearly cost of insurance for high school students increases to an average of $3,041. That’s an increase of $1,241, or $103 per month, just for being a careless driver!

Ending up with a high-quality car insurance company can be a challenge considering how many different companies insure vehicles in Kentucky. The company information shown below could help you pick which car insurance providers to look at when comparing rate quotes.

These ratings include companies with a nationwide focus, so companies that focus mainly on Kentucky business are not included in the list. If you wish to compare rates from these companies and more, follow this link.

Top 10 Large Auto Insurance Companies in Kentucky Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. The Hartford

Top 10 Large Auto Insurance Companies 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

How to find cheaper auto insurance for high school students

The list below summarizes some of the recommended money-saving suggestions that can help Kentucky drivers locate cheaper coverage.

• Drive safely
• Do not get into accidents that are your fault
• Remove physical damage coverage on older vehicles
• Bundle home and auto and save
• Drive safe vehicles
• Frequent claims will increase rates
• Compare rates and switch if you can find a better deal

The last tip in the list is very vital, as we noted in the article above. Car insurance rates vary considerably, so don’t be hesitant to buy from a different company if you can save money. Being loyal to a particular company is commendable, but we do not recommend it if that dedication is costing thousands of dollars over several years. It takes less than five minutes to compare prices to find cheaper car insurance for high school students.

Cheap insurance quotes for teenagers

You have many ways to find cheap insurance in Kentucky, but the most frequently used are from a non-exclusive or independent agent, an exlusive agent like State Farm or Liberty Mutual, or direct from companies such as Progressive or Geico.

All three ways are similar, but they are slightly different in how they price policies.

Independent agencies write business for many companies and can provide price quotes from each one. Independent agents possess the freedom to give you more rate choices, which may provide you with improved odds of finding cheaper coverage. If the agent locates a cheaper price, your policy can be moved and you don’t have to do anything.

A captive or exclusive agent is ‘exlusive’ to one company, two examples are Allstate and Liberty Mutual agents. They are unable to shop your coverage around, so you will not be able to compare their rates to other companies.

The third way to buy insurance is direct which means you forego a local insurance agent and instead buy direct online or over the phone from a company like Progressive or Geico. This insurance option can be good for families who do not need advice for risk management and know what is covered and what is not.

Which way is best to find the cheapest auto insurance for high school students in Kentucky? We would first guess that buying direct results in the cheapest rates since there is no middleman, but that does not always hold true. And we’d like to say using an independent agent guarantees the cheapest rates because you have more choices, but again, it’s not a sure thing. For some people, the exclusive agents have very competitive rates that other companies cannot beat.

Because there are so many factors that make up insurance rates, the only real way to not overpay for insurance is to compare rate quotes from as many companies as possible. The ideal approach is to get prices from all three to get an idea of which is cheapest. To see some of the cheapest online companies available, click here to view.