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Car insurance is fairly affordable for Kentucky drivers. The average driver pays $896.33, about $100 less than the US national average, according to the Insurance Information Institute. But, that’s not to say that there aren’t still some ways to save if you’re willing to put in a few minutes of work.
Shopping around for coverage is the best way to make sure you’re getting the best price for you. Your premium, or the amount you’ll pay for auto insurance coverage, depends on several factors, including things like your credit score, the type of car you drive, how many years of driving experience you have, and even where you live in Kentucky.
Every company weighs these factors differently, so getting quotes from different companies and comparing them is the best way to find the most affordable policy for you.
The following are the most popular car insurance companies in Kentucky, based on the percentage of insured Kentucky drivers who use them:
| Company | Market share (%) |
| State Farm | 21.63 |
| Kentucky Farm Bureau | 18.24 |
| Progressive | 10.79 |
| Liberty Mutual | 7.14 |
| GEICO | 6.52 |
| Allstate | 6.16 |
| USAA* | 5.12 |
| Erie Insurance | 2.18 |
| Auto-Owners Insurance | 2.07 |
| Travelers | 1.95 |
| Nationwide | 1.88 |
| Shelter Insurance | 1.83 |
| State Auto | 1.65 |
| Root Insurance | 1.44 |
| MetLife | 1.26 |
| Safe Auto Insurance | 1.19 |
| Grange Insurance | 1.02 |
| Auto Club Insurance Association | 0.98 |
| Alfa Mutual Group | 0.93 |
| The Cincinnati Insurance | 0.82 |
| Kentucky National Insurance | 0.75 |
| The Hartford | 0.71 |
| Westfield Insurance | 0.55 |
| CSAA Insurance | 0.45 |
| Sentry | 0.34 |
*USAA is only for active military, veterans, and their families.
Data from S&P Global Intelligence
Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Southeast region (which includes Kentucky):
- Farm Bureau Insurance TN
- Erie Insurance
- Alfa Insurance
- GEICO
- Auto-Owners Insurance
- North Carolina Farm Bureau
- Kentucky Farm Bureau
- Region Average
- Progressive
- Allstate
- Safeco
- State Farm
- Farmers
- National General
- Nationwide
- Travelers
- Liberty Mutual
- MetLife
Consumer Reports compiled a list of all car insurance pricing formulas from all companies in every state. It used an average single adult driver to find the best pricing in each state, and found that three companies came out on top for three different credit levels. Here are the three best companies and their average price for coverage:
Drivers with excellent credit, FICO score 800-850, will see some of the best average rates on car insurance.
- GEICO car insurance: $1,017 per year
- USAA car insurance: $1,040 per year
- Kentucky Farm Bureau car insurance: $1,124 per year
Drivers with good credit, FICO score 670-739, will see the best coverage from these three companies, on average:
- GEICO car insurance: $1,066 per year
- USAA car insurance: $1,259 per year
- Kentucky Farm Bureau car insurance: $1,353 per year
Those with poor credit, FICO score 300-579, will pay more for their car insurance, on average.
- GEICO car insurance: $2,811 per year
- State Farm car insurance: $2,836 per year
- USAA car insurance: $3,030 per year
For a driver in Kentucky age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premium |
| Safeauto | $103 |
| Travelers | $143 |
| State Farm | $149 |
| Liberty Mutual | $152 |
| Safeco | $152 |
| GEICO | $153 |
| Root | $161 |
| Esurance | $169 |
| Progressive | $184 |
| Allstate | $195 |
| USAA* | $210 |
*USAA is only for active military, veterans, and their families.
Above data obtained from Savvy, based on 1,320 policyholders in the state of Kentucky
For a driver in Kentucky age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:
| Company | Average monthly insurance premium |
| State Farm | $105 |
| GEICO | $164 |
| Allstate | $184 |
| Progressive | $194 |
| Esurance | $199 |
Above data obtained from Savvy, based on 1,320 policyholders in the state of Kentucky
Below is the estimated average annual premium of auto insurance policies per household in Kentucky’s most populous cities:
| City | Average annual insurance premium |
| Louisville/Jefferson County | $1,363 |
| Lexington-Fayette County | $1,385 |
| Bowling Green | $1,270 |
| Owensboro | $1,288 |
| Covington | $1,325 |
| Richmond | $1,219 |
| Georgetown | $1,443 |
| Florence | $1,414 |
| Nicholasville | $1,356 |
| Elizabethtown | $1,344 |
| Independence | $1,573 |
| Henderson | $1,250 |
| Hopkinsville | $1,207 |
| Jeffersontown | $1,457 |
| Frankfort | $1,307 |
| Paducah | $1,226 |
| Radcliff | $1,316 |
| Ashland | $1,257 |
| Murray | $1,166 |
| Erlanger | $1,453 |
| Madisonville | $1,279 |
| Winchester | $1,291 |
| St. Matthews | $1,421 |
| Burlington CDP | $1,490 |
| Danville | $1,296 |
| Shelbyville | $1,353 |
| Fort Thomas | $1,507 |
| Berea | $1,281 |
| Newport | $1,301 |
| Shively | $1,263 |
| Glasgow | $1,171 |
| Fort Campbell North CDP | $1,237 |
| Shepherdsville | $1,424 |
| Bardstown | $1,343 |
| Lyndon | $1,398 |
| Mount Washington | $1,484 |
| Somerset | $1,186 |
| Lawrenceburg | $1,340 |
| Fort Knox CDP | $1,378 |
| Mayfield | $1,145 |
Data from S&P Global Intelligence
As the data above shows, your credit score is one of the bigger influences on the price you’ll pay for coverage. But, there are many other factors that play into your premium, too. With every company considering them differently, it’s critical to shop around.
If you want to get the best rate for you, you’ll need to start by getting quotes from several different insurance companies. Once you have a few different quotes, you’ll want to compare them and look for the policy that gives you the most coverage for your money by giving the most coverage types and the highest limits. Also look at the deductible, or the amount you’ll pay out-of-pocket if you get into an accident.
The driver who gets the best deal in Kentucky is the one who shops around for their coverage. Compare quotes and look beyond the premium to find the best-priced coverage for you.
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