Louisville, KY Car Insurance
Compare Progressive, Allstate, GEICO and Nationwide (+ other top companies) to find the best and cheapest car insurance in Louisville.
How much does car insurance cost in Louisville?
With an average payment of $1,387 every six months or $231 per month, Louisville residents may find their car insurance rates costly. These rates are higher than both the national average of $880 and the state average of Kentucky, which is $1,278. A recent survey shows that 37% of our customers said that they're paying too much for car insurance coverage in Louisville.
Our data from 2023 indicates that Auto-Owners is offering rates almost 43% below the standard, with a six-month policy priced at a mere $790. Whether you're satisfied with your current insurer, looking to compare rates, or seeking information about car insurance in Louisville, The Zebra is here to provide assistance. We'll delve into the different factors that can influence your rates, including your age, credit score, and neighborhood, and help you find the optimal coverage at the most competitive price.
| Car Insurance in Louisville vs. Kentucky | Avg. 6 Mo. Premium |
|---|---|
| Kentucky Average | $1,278 |
| Louisville Average | $1,387 |
The cheapest car insurance companies in Louisville
Auto-Owners takes the prize for the cheapest coverage at $132 per month or $790 for a six-month policy.
In second place is USAA, offering auto insurance rates of just $146 per month ($877 for six months). Although you'll often find USAA on lists of affordable insurers, keep in mind that they're coverage isn't available to everyone, so check your eligibility if you're unsure.
Topping off our list is State Farm. A policy from State Farm in Louisville costs $888 per six-month policy, which is about $148 per month.
The Zebra's key takeaways about car insurance in Louisville:
- The average cost of a car insurance policy in Louisville is $ 1,387 per six-month policy — $231 per month.
- The cheapest company in Louisville is Auto-Owners ($790 for six months).
- 37% of Zebra customers in Louisville use our tools because they're paying too much for auto insurance.
Are you paying too much for auto insurance?
Louisville car insurance rates by company
For full coverage in Louisville, as per our 2023 data, Auto-Owners charges $132 per month or $790 per six-month policy, making it the cheapest auto insurance company in the city. The second cheapest insurance company is USAA, which charges $146 per month or $877 for a six-month policy.
If you are interested in top-rated car insurance companies, The Zebra's Customer Satisfaction Survey is an excellent resource to consult. Learn more about it here.
Cheapest car insurance companies in Louisville, KY
| Company | Avg. 6 Mo. Premium |
|---|---|
| Auto-Owners | $790 |
| USAA | $877 |
| State Farm | $888 |
| Kentucky Farm Bureau | $995 |
| Nationwide | $1,132 |
| Progressive | $1,590 |
| GEICO | $1,633 |
| Allstate | $2,198 |
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around to save on car insurance
Finding affordable car insurance that also provides adequate coverage can be a daunting task, but our comparison tool makes it easy. Simply enter your ZIP code to view rates from top insurance companies like Allstate, Farmers, State Farm, and Nationwide, among others. Our tool does the leg work for you, so you can make an informed decision about which policy is right for you. Discover the best and cheapest car insurance in Louisville with just a few clicks.
Average car insurance in Louisville by rating factor
A range of rating factors possessed by each driver is used by car insurance companies to determine individual rates. Rating factors are specific details about an individual that affect the level of risk they pose as a driver. These factors can encompass age, gender, location, credit score, and more. Although most companies use identical rating factors, the degree to which they impact your premium can differ.
It is crucial to recognize that some rating factors are prone to change over time, thus, the most appropriate car insurance provider for you may change as well. Getting new quotes on a regular basis is an excellent method of determining whether you are still receiving the best rates.
Q: I didn't have an accident — Why is my insurance going up?
A: Louisville's car insurance rates are determined by various rating factors, one of which is the comparison between end-of-year earnings — the revenue of premiums versus the cost of paying insureds’ claims. You may have a flawless driving history with no claims, but you could still face higher premiums from a particular company due to elevated operating costs in your area.
Auto insurance premiums by age in Louisville
Age is a critical rating factor that insurance companies consider when calculating car insurance premiums. Teen drivers, and their parents, are often taken aback by the fact that their auto insurance costs may be significantly more expensive than those of other age groups. Insurers have obtained data that demonstrates that teens have a higher accident rate, and as a result, they bear the brunt of the most expensive car insurance costs in many regions. Through these higher costs, insurance companies can offset the expense of paying out claims.
In Louisville, the annual difference in premium rates between teen drivers and those in their 20s averages $4,942 for new policies. While it may appear unfair on paper, remember that it is not personal. An insurance company's goal is to protect against the risk posed by inexperienced drivers, and as you grow older and gain more experience, your premiums will become more reasonable.
Cheapest car insurance companies for teen drivers in Louisville
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $2,387 |
| Auto-Owners | $2,607 |
| State Farm | $2,927 |
| Kentucky Farm Bureau | $3,155 |
| Nationwide | $3,855 |
| GEICO | $3,871 |
| Allstate | $5,664 |
| Progressive | $7,144 |
| Age Bracket | Cheapest Companies | Avg. 6 Mo. Premium |
|---|---|---|
| 20s | USAA | $1,070 |
| 30s | Auto-Owners | $812 |
| 40s | Auto-Owners | $794 |
| 50s | Auto-Owners | $755 |
| 60s | USAA | $787 |
| 70s | State Farm | $877 |
Zebra Tip:Â The cheapest companies for Louisville drivers between 20-40 are USAA, Auto-Owners and State Farm.
The majority of drivers in Louisville are aged between 20 and 40, as per our research. On average, drivers within this age bracket pay $1,598 every six months. However, they can save up to 38% by choosing to work with one of these companies. It is worth noting that USAA's insurance is exclusively available to military members and their families, and therefore, not accessible to everyone.
Auto insurance premiums for minimum coverage in Louisville
There are many different types of car insurance available, each with its own price point. To save money, it's crucial to know the coverage you have and how it impacts your rates. Our research shows that approximately 39% of drivers in Louisville have the minimum required insurance, which meets legal requirements but may not provide adequate coverage in case of an accident.
To comply with the demands of most lending associations, leased and financed vehicles must have "full coverage" insurance. This insurance package includes collision coverage or comprehensive coverage, both of which require a deductible and result in higher rates. Nevertheless, they provide the most extensive protection.
To guard yourself against uninsured drivers, you can also opt for roadside assistance or uninsured motorist coverage. Although your rates will go up, The Zebra's specialists suggest having these options for an additional layer of protection in case of an accident, akin to full coverage.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
In Louisville, 57% of drivers have owned vehicles, according to our data analysis. If you're not currently leasing or financing your car, you should think about whether or not you require comprehensive or collision coverage. To establish your vehicle's actual cash value, we advise using a reputable source like Kelley Blue Book. Generally speaking, if your car is valued at less than $4,000, it's probably unnecessary to carry collision coverage. Nevertheless, keep in mind that opting out of these coverages implies that you'll have to pay for any repair expenses yourself.
Cheapest car insurance companies for minimum coverage in Louisville, KY
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $305 |
| USAA | $323 |
| Kentucky Farm Bureau | $335 |
| Auto-Owners | $353 |
| GEICO | $543 |
| Nationwide | $626 |
| Progressive | $643 |
| Allstate | $816 |
- Minimum: State liability coverage only
- Basic: State liability + collision and comprehensive (full) coverage
- Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. This may include additional personal medical benefits and uninsured/underinsured motorist coverage.
- Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.
41% of The Zebra's customers in Louisville choose the basic tier of coverage, but that doesn't mean it's right for everyone. There are several levels of coverage to choose from. As mentioned above, carrying the state minimum required coverage can save you money upfront, but it can leave you in a tough spot if you're involved in a multi-car accident or one involving bodily injuries. Kentucky's 25/50/25 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $25,000 for property damage — this may be fine for some minor accidents, but not all situations.
Kentucky also requires personal injury protection (PIP) coverage at $10,000, as well. Learn more about insurance laws in Kentucky.
Louisville car insurance rates by credit score
The majority of states, Kentucky included, incorporate a driver's credit score into the calculation of insurance premiums. There are several reasons why car insurance providers take credit score into account when determining premiums. According to historical data, drivers with lower credit scores are more prone to file claims, have gaps in coverage, and participate in risky driving practices. Since low credit scores are associated with a higher level of risk, the worse your credit, the more you'll have to pay for car insurance.
Our research reveals that Louisville drivers who have a poor credit score (300-579) pay 117% more for auto insurance than those with excellent credit (800-850). 43% of drivers in Louisville fall into the "average (580-679)" credit score category. For the year 2023, Auto-Owners is the most cost-effective option for Louisville drivers with this credit range.
Cheapest car insurance companies for bad credit in Louisville, KY
| Company | Avg. 6 Mo. Premium |
|---|---|
| Nationwide | $1,764 |
| State Farm | $1,838 |
| USAA | $1,957 |
| Auto-Owners | $2,248 |
| GEICO | $2,458 |
| Progressive | $2,537 |
| Kentucky Farm Bureau | $3,050 |
| Allstate | $3,064 |
Zebra Tip: If you've improved your credit score, it's time to shop for car insurance!
According to our data, drivers with "Poor" credit in Louisville pay $1,746 more for car insurance annually than those with "Fair" credit. If you've recently taken steps to improve your credit score, such as paying off a loan, it's worth checking your preferred credit monitoring software to see if you could be saving on your car insurance.
Auto insurance rates with an at-fault accident
In terms of insurance claims, at-fault and collision incidents are the most prevalent. In 2023, Louisville's average car insurance rates increased from $65 to $104 per month due to an at-fault accident. State Farm is the most cost-effective option for car insurance in Louisville following an at-fault accident.
The key to affordable auto insurance rates, no matter where you live, is to maintain a clean driving record. Your insurance premiums can be affected by various factors, including reckless driving charges, DUIs and DWIs, speeding citations, and at-fault accidents. Depending on the severity of the citation or accident, your premium may be affected for three to five years. While at-fault accidents and speeding tickets are typically on your record for three to five years, DUIs and DWIs may remain on your record for a more extended period.
Â
Cheapest car insurance companies after an at-fault accident in Louisville, KY
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $1,056 |
| Auto-Owners | $1,078 |
| Kentucky Farm Bureau | $1,346 |
| USAA | $1,346 |
| Nationwide | $1,868 |
| GEICO | $2,172 |
| Progressive | $2,467 |
| Allstate | $2,707 |
Louisville car insurance rates by violation
Check out the table below to see exactly how much extra a citation or violation could cost you in Louisville.Â
Car insurance rate increases after violations and citations in Louisville, KY
Why is car insurance in Louisville so expensive?
Auto insurance rates in Louisville can be costly due to several reasons. One of the primary factors is the city's high cost of living, which makes it necessary for car insurance providers to charge more to make a profit. However, other factors also affect the rates, such as driving record, credit history, and level of coverage. To better understand why auto insurance is expensive in Louisville, we will outline the factors that impact insurance rates below.
Most major cities have experienced an increased cost of living for residents, and generally, that also means an increased cost of doing business for companies, including auto insurers. These higher costs are passed on to the consumer (driver) in the form of more expensive premiums.
Specific areas throughout the city can vary in price, as you can see from the zip code list shown here. Areas prone to crime, and theft, or having a high number of uninsured drivers are usually areas where it is more expensive to insure your vehicle.
Expensive Louisville ZIP codes:Â 40211, 40212, 40210, 40203, 40215
Cheap Louisville ZIP codes:Â 40223, 40222, 40241, 40207, 40245
Although fairly mild as far as climate goes, Kentucky still experiences severe storms now and then. Areas that experience frequent flooding, hurricanes or other natural disasters will increase the risk for insurance companies, resulting in higher premiums. Weather-related damage is covered under comprehensive coverage, so if you are concerned about possible damage we definitely recommend you carry this as part of your policy in Louisville.
Due to the high volume of cars on the road, accidents are a common occurrence in Louisville. This leads to an increase in the number of claims related to these accidents, which are ultimately passed on to other drivers in the region through higher premiums, irrespective of their driving record. Also, be aware that 56% of drivers are currently insured — which means the other 44% are not, leaving you at risk if you're hit by an uninsured driver. In an area with this high percentage of uninsured drivers, it is advisable to include uninsured motorist coverage (UMP) in your insurance plan
Zebra Tip: Use your comprehensive coverage to protect your vehicle against tornadoes
Damage caused by weather-related events is covered under comprehensive coverage. Although Louisville isn't known for frequent natural disasters, Kentucky as a whole experienced 31 tornadoes in 2022.[1] If you've got a nice or newer vehicle, consider if this coverage is right for you.
Bundling insurance policies in Louisville
Despite the national trend of increasing car insurance costs, opportunities to save remain available. If you're in the market for a new automobile insurance policy, contemplate joining it with your existing home or renters insurance. By taking this step, you could potentially earn a substantial discount — perhaps saving 10% or more on your overall premiums. Gain further insight into the advantages of consolidating home and car insurance policies.
When you have separate home and car insurance policies, it's worth looking into saving money by bundling them. Often, you'll find that the effort pays off.
Cheapest car insurance companies for bundling home and auto insurance in Louisville, KY
| Company | Avg. 6 Mo. Premium |
|---|---|
| Auto-Owners | $687 |
| State Farm | $732 |
| Nationwide | $803 |
| USAA | $815 |
| Kentucky Farm Bureau | $896 |
| Progressive | $1,432 |
| GEICO | $1,547 |
| Allstate | $2,015 |
Despite the fact that some things may be beyond your control, there are steps that drivers can take to enhance their profiles in the eyes of insurers. Our most valuable guidance is to explore and evaluate car insurance quotes from a variety of companies to ensure that you are obtaining the most affordable rate that meets your coverage and service requirements. This is particularly important if there have been any changes in your personal situation, such as relocating, turning another year older, or increasing your creditworthiness. Keep in mind that some providers are more costly than others, and do not be afraid to switch.
Find the best rates for both auto and home insurance in minutes!
Frequently asked questions
Find affordable rates in minutes!
How much is car insurance near me? — explore more cities near Louisville, KY
Recently answered questions about car insurance in Louisville from real Zebra customers
Car insurance near me in Louisville
Other people are also asking...
Can someone with power of attorney make changes to a car insurance policy?
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.