Cheapest Auto Insurance Quotes in Louisville, Kentucky
Cheapest Auto Insurance Quotes in Louisville, Kentucky
Find Cheap Auto Insurance Quotes in Louisville
Best cheap car insurance in Louisville
State Farm's average price is less than half the city average. With this insurer, our sample driver could buy a minimum-coverage policy for $43 per month or full coverage for $98.
To help you find the best cheap car insurance in Louisville, ValuePenguin compared thousands of car insurance quotes from the top companies in Kentucky. We rated the cheapest companies based on factors like cost, coverage and customer service.
Minimum-liability quotes meet the Kentucky state minimum requirements of $25,000 in bodily injury liability per person and $50,000 per accident plus $25,000 in property damage coverage and $10,000 in personal injury protection. Full-coverage quotes have higher liability limits plus comprehensive and collision coverage.
Cheapest car insurance in Louisville, KY: State Farm
State Farm offers the cheapest rates in Louisville for a minimum-liability policy, with an average of only $43 per month.
The next most affordable option is Kentucky Farm Bureau, which has an average monthly rate of $56. Active military members and veterans should also take time to contact USAA. It is one of the cheaper options available and is highly rated for customer service.
Find Cheap Auto Insurance Quotes in Louisville
Minimum-liability insurance is a policy that meets the lowest coverage requirements needed to drive in the state. It is the cheapest policy a driver can choose, but it may not be the best option for you.
The coverage options required by Kentucky law won't financially protect your vehicle if it is stolen or damaged in a crash. Louisville drivers who own a car that is less than 10 years old or worth more than $5,000 should consider purchasing coverage beyond the minimum requirements.
Cheapest car insurance in Louisville, KY
Company | Monthly rate | |
|---|---|---|
| State Farm | $43 |
| Farm Bureau | $56 |
| Auto-Owners | $74 |
| Travelers | $75 |
| Progressive | $110 |
| Geico | $121 |
| Allstate | $122 |
| Nationwide | $132 |
| USAA* | $63 |
*USAA is only available to current and former military members and their families.
Cheapest full-coverage insurance: State Farm
State Farm offers the cheapest full-coverage policy in Louisville, with an average monthly cost of $98.
The second-cheapest option in Louisville is Kentucky Farm Bureau, but the company's monthly price is $130 on average — 33% higher than State Farm's.
USAA is one of the more affordable options for a full-coverage policy. However, only current and former military members and their families can qualify for a quote from USAA.
Company | Monthly rate |
|---|---|
| State Farm | $98 |
| Farm Bureau | $130 |
| Auto-Owners | $149 |
| Travelers | $160 |
| Progressive | $215 |
| Geico | $241 |
| Allstate | $255 |
| Nationwide | $268 |
| USAA* | $149 |
*USAA is only available to current and former military members and their families.
The average cost of a full-coverage policy in Louisville is about twice as expensive as the average cost of a minimum-liability policy in the city. That's because a full-coverage policy includes more protection than what's required by the state. These protections come in the form of more liability and comprehensive and collision coverage.
- Comprehensive coverage: Financially protects against damage caused by circumstances out of your control. These may include vandalism, theft and "acts of God," such as natural disasters.
- Collision coverage: Financially protects your car if you're involved in a crash with another car or object. You're also covered if your car flips over or you drive into a pothole.
Full coverage is usually required if you've financed your car with a lease or a loan. We also recommend it if your car is worth more than $5,000 or if it's less than 10 years old.
Cheap car insurance for drivers with prior incidents
State Farm has the best car insurance prices for drivers with a recent infraction, like a speeding ticket, DUI or accident, on their driving record.
Car insurance companies use statistical data to predict how likely you are to make a claim, and they set prices for coverage accordingly. People with recent incidents on their records are more likely to do so — and pay more as a result.
Cheapest full-coverage plan for drivers after an accident
State Farm has the best price for car insurance in Louisville after an accident. With State Farm, drivers pay an average of $112 per month for full coverage — 59% less than the average Louisville insurer charges.
Farm Bureau also offers a competitive price, at $130 per month. That's 53% cheaper than average.
Company | Monthly rate |
|---|---|
| State Farm | $112 |
| Farm Bureau | $130 |
| Auto-Owners | $204 |
| Travelers | $231 |
| Progressive | $303 |
Companies can hike up car insurance rates substantially following an accident.
These large price variations demonstrate why you should always compare quotes from multiple companies before deciding on an insurer.
Cheapest car insurance after a speeding ticket: State Farm
State Farm has Louisville's lowest price for car insurance after a speeding ticket, with an average rate of just $104 per month for full coverage. Drivers can save 57% compared to the average price across all insurers.
Company | Monthly rate |
|---|---|
| State Farm | $104 |
| Farm Bureau | $130 |
| Auto-Owners | $151 |
| Travelers | $210 |
| Progressive | $269 |
Car insurance companies have found that people with a recent speeding ticket are more likely to file an insurance claim, so you're likely to pay more for insurance after you're caught speeding — about 30% more on average in Louisville.
Cheapest car insurance after a DUI: State Farm
State Farm has the best prices for car insurance after a DUI, with an average of $104 per month for full coverage. That's 70% less than the city average of $342 per month.
Company | Monthly rate |
|---|---|
| State Farm | $104 |
| Travelers | $247 |
| Progressive | $286 |
| Farm Bureau | $307 |
| Allstate | $338 |
A DUI is among the most serious driving violations, and you're likely to face a big insurance price increase if you're convicted — on top of the fines and fees you'll face.
What's more, many insurance companies will simply decline to offer you coverage at all after a DUI. If this happens, you may need to get coverage from a specialty high-risk insurance company.
Cheapest car insurance for drivers with poor credit: State Farm
State Farm has the lowest rates for drivers with bad credit in Louisville, with an average price of $205 per month for full coverage. That's $158 less per month than the city average, and $107 cheaper than the second-best option, Geico.
Company | Monthly rate |
|---|---|
| State Farm | $205 |
| Geico | $312 |
| Travelers | $330 |
| Progressive | $374 |
| Farm Bureau | $399 |
While your credit score isn't related to your driving ability, insurance companies have found that people with lower credit scores make claims more often. As a result, you'll pay much more for coverage if you have a low credit score.
Cheapest car insurance policy for young drivers: State Farm
State Farm has the best widely available rates for 18-year-old drivers in Louisville, whether you need liability-only coverage or full coverage. The average price of state-minimum insurance at State Farm is just $147 per month, which is less than half the city average of $301.
USAA offers even less expensive prices, but it's only available if you or your parents have served in the military.
Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $147 | $278 |
| Farm Bureau | $157 | $353 |
| Travelers | $211 | $431 |
| Auto-Owners | $253 | $452 |
| Allstate | $420 | $888 |
Your age is one of the biggest factors affecting your auto insurance rates.
Ways for teens to save on insurance
- Consider a combined or multicar policy. Ask your parents or an older driver in your family if you can join their insurance policy. Sharing a policy with an older adult can reduce the total amount you spend on car insurance by over a thousand dollars per year.
- Ask about discounts. Most insurance companies, especially larger corporations, offer a range of discounts. Some apply exclusively to college students. You may get discounts for having good grades, attending safe-driving classes, installing safety devices and being accident-free for a certain period of time.
- Compare quotes from multiple companies. Small insurers in Kentucky may offer lower insurance rates compared to large companies such as State Farm or Geico.
Best insurance company service in Louisville: Auto-Owners and Farm Bureau
The best car insurance companies for customer service in Louisville are Auto-Owners and Farm Bureau.
Besides offering cheaper-than-average rates, these companies provide dependable, friendly service to their customers. Each is highly rated by ValuePenguin editors, indicating top-tier service.
State Farm and USAA are also great options for customer service, though USAA is only available to people who are affiliated with the U.S. military.
Company |
Editor's rating
|
|---|---|
| Auto-Owners | |
| Farm Bureau | |
| State Farm | |
| USAA | |
| Geico | |
| Nationwide | |
| Travelers | |
| Allstate | |
| Progressive |
Average cost of insurance in Louisville by neighborhood
Portland is the most expensive neighborhood in Louisville for car insurance. In this area, residents can expect to pay $236 per month for a full-coverage policy. Meanwhile, drivers living in St. Matthews, the cheapest area, spend an average of $153 per month for the same policy.
Each area in Louisville has a different crime rate, population density and accident frequency, which leads to auto insurance price differences.
ZIP code | Average monthly cost | % from average |
|---|---|---|
| 40059 | $160 | -13% |
| 40202 | $198 | 7% |
| 40203 | $222 | 20% |
| 40204 | $184 | 0% |
| 40205 | $160 | -13% |
Methodology
To find the best cheap car insurance in Louisville, ValuePenguin analysts collected quotes from the most popular insurance companies in Kentucky. Rates are for a 30-year-old single man with good credit and no accident history who drives a 2015 Honda Civic EX.
Full-coverage policies include comprehensive and collision coverage, plus higher liability limits than the state requires.
Coverage | Limit |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage liability | $25,000 per accident |
| Personal injury protection | $10,000 |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.