How Much Does Car Insurance Cost for Business Use in Kentucky?

Establishing which company quotes the most affordable insurance rates for business use calls for more work in order to find the lowest price quote. Each company has a unique formula for filing rates in each state, so let’s take a look at the most affordable insurance companies in Kentucky.

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Cincinnati Insurance normally has some of the most affordable car insurance rates in Kentucky at around $1,126 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also qualify as some of the cheapest Kentucky car insurance companies.

In the rate table above, if you are a policyholder with USAA and switched to Cincinnati Insurance, you might realize savings of in the neighborhood of $97. Kentucky drivers with Auto-Owners may save as much as $287 a year, and Grange Mutual customers might cut rates by $435 a year.

To find cheap auto insurance for business use in Kentucky for your vehicle, click here or feel free to get quotes from the companies below.

These estimates are averages across all types of drivers and the different vehicles they drive and do not factor in a price surcharge for business use. So the insurer that can offer you the best price may not even be shown in the chart above. That emphasizes why you need to get rate quotes from many companies using your own specific driver and vehicle information.

For using your car for business, one of the more important criteria that is used to help calculate the price of your policy is where you keep your vehicle. Areas with increased crime or more people like Louisville, Frankfort, and Saint Matthews tend to pay higher rates, whereas areas with less congestion generally pay lower car insurance rates.

The table below illustrates the most expensive areas in Kentucky for business use to purchase auto insurance in.

Price information shown is estimated as the specific geographic location can affect coverage prices greatly.

We all like different vehicles, and the type of vehicle requiring insurance is a large consideration that determines the availablility of cheap auto insurance for business use in Kentucky. Vehicles with average performance, excellent safety ratings, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models.

The data below showcases coverage prices for a handful of the cheapest automobiles to insure in Kentucky.

Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in zip code location which can modify price quotes significantly.

Premium data assumes married 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, homeowner, and safe-driver. Information does not factor in vehicle location which can revise price quotes substantially.

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rates do not factor in specific location information which can influence coverage rates greatly.

Accidents and violations increase rates

The obvious way to find cheap auto insurance for business use in Kentucky is to be an attentive driver and avoid getting tickets or having accidents. The illustration below shows how violations and at-fault collisions can affect insurance rates for different age categories. The data is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

The chart shows that the average cost of a car insurance policy per year with no violations or accidents is $1,573. Get written up for one speeding ticket and the average cost surges to $1,837, an increase of $263 each year. Next add one accident along with the one speeding ticket and the 12-month cost of insurance for business use goes up to an average of $2,577. That’s an increase of $1,003, or $84 per month, just for not driving carefully!