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Key Takeaways

  • Car insurance in Louisville, KY, costs you around $2,535 annually.
  • With an average annual rate of $1,471, State Farm offers the most affordable auto insurance in Louisville.
  • Kentucky mandates that drivers maintain bodily injury liability coverage of at least $25,000 per person, $50,000 per accident, and $10,000 in property damage liability.
  • Louisville has the highest auto-theft rate among the most populated cities in Kentucky.

Introduction

Buying auto insurance in Kentucky can be challenging as the state's average rate is more than the national average. But how about the rate of car insurance in Louisville, KY? Kentucky's largest city, Louisville, has the highest car insurance prices. Compared with the state and national averages, the car insurance rate in Louisville is very high.

The crime rate, population density, and accident frequency vary by neighborhood in Louisville, which affects how much your auto insurance will cost. But, the high auto insurance rates shouldn't discourage you from buying an insurance policy. Driving without valid auto insurance can earn you hefty penalties and even jail time in Kentucky. So, a Louisville driver will always focus on finding the cheapest car insurance.

However, even though auto insurance in the city can be pricey, drivers can still save money by shopping about and comparing quotes before purchasing a policy. So, how much does car insurance in Louisville, KY, costs? Which insurer provides cheap car insurance in Louisville, KY? Which are the car insurance companies in Louisville, KY?

Our review of Louisville auto insurance will answer all your queries!

How Much Does Car Insurance Cost In Louisville?

You must pay around $2,535 to buy car insurance in Louisville, KY. It is higher than the state and national averages of $1,581 and $1,557, respectively.

Louisville (annual average) Kentucky (annual average) United States
$2,535 $1,581 $1,557

Our review of Louisville auto insurance includes average rates based on age, ZIP Code, driving record, gender, marital status, and credit rating. Keep reading to know more about car insurance in Louisville, KY!

Are you looking for cheap auto insurance in Kentucky? Find a quote today!

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Louisville Auto Insurance Premiums By Company

Which insurance company provides affordable car insurance in Louisville, KY? Our research found that State Farm has the most affordable car insurance in the city, with an average annual rate of $1,483. However, the rate is lower than the state and national averages.

Car insurance company Average Annual Rate
State Farm $1,471
Liberty Mutual $2,192
Progressive $3,134

So, how can you lower the cost of car insurance in Lousiville, KY? One way is by getting multiple car insurance quotes in Louisville, KY, comparing, and buying the cheapest one. Another way is by checking the various discounts your insurer offers and using the ones you qualify for.

Louisville Auto Insurance Premiums By Age Group

Age is a vital factor that decides the cost of your car insurance in Louisville, KY. Like most cities, teen drivers pay the most for Louisville auto insurance. A teen driver pays a whopping $9,993 for buying an insurance policy. With an average annual rate of $2,143 and $2,203, drivers in their 50s and 60s pay the lowest among all age groups.

Age Average Annual Rate
Teens $9,993
20s $3,415
30s $2,464
40s $2,310
50s $2,143
60s $2,203
70s $2,702

Louisville Auto Insurance Premiums By Marital Status/Gender

Your marital status and gender can influence the cost of car insurance in Louisville, KY. With an average annual rate of $2,284, married drivers in the city pay almost $251 less than single drivers. The rate for single drivers is high as most insurance companies see them as risky drivers and are likely to file claims often.

Your gender can also be vital when buying Louisville auto insurance. With a yearly average rate of $2,535, male drivers in the city pay $49 less than female drivers. Widowed drivers in the city also pay less than single drivers.

Gender/Marital Status Average Annual Rate
Male $2,535
Female $2,584
Single $2,535
Married $2,284
Widowed $2,391
Divorced $2,535

Louisville Auto Insurance Premiums By Driving Record

What is the ideal way you can keep the cost of car insurance in Louisville, KY, low? It is by keeping a clean driving record. Insurers offer low insurance rates for drivers without any citations. However, speeding tickets, reckless driving, DUI/DWI, and at-fault accidents can increase car insurance rates.

With average annual rates of $4,063 and $3,763, DUI/DWI and reckless driving are two offenses that surge the car insurance rates in Louisville.

Offense Average Annual Rate
Reckless Driving $3,763
DUI/DWI $4,063
Speeding Ticket $2,964
At-Fault Accident (damages < $,1000) $3,623
At-Fault Accident (damages > $2,000) $3,962

Louisville Auto Insurance Premiums By Credit Rating

Credit ratings can increase or decrease the cost of car insurance in Louisville, KY. Unfortunately, drivers with poor credit often pay more for auto insurance than those with strong credit.

A driver with a 'Very Poor' credit pays around $5,299 yearly for car insurance in Louisville, KY. It is $2,764 more than the average city rate. Drivers in Louisville who raise their credit scores from the 'Very Poor' tier (300-579) to the 'Exceptional' tier (800-850) see an average 60% decrease in their premiums for car insurance.

Saving money on auto insurance requires moving from 'Very Poor' to 'Fair' credit. Your annual car insurance costs in Louisville will drop by $2,215 if you raise your credit score to 'Fair.'

Credit Rating Average Annual Rate
Very Poor $5,299
Fair $3,084
Good $2,535
Very Good $2,328
Exceptional $2,065

Louisville Auto Insurance Premiums By ZIP Code

The area where you live significantly influences your car insurance premiums in Louisville. For instance, the number of accidents, the quantity of off-street parking, crime, and auto-theft rates can impact the cost of car insurance in Louisville, KY. So, be ready to pay higher premiums if you live in an area with high crime rates or if people don't get along well.

The following are the rates of some of the ZIP Codes in the city.

ZIP Code Average Annual Rate
40202 $2,666
40203 $2,994
40204 $2,391
40205 $1,984
40206 $2,106
40208 $2,778
40209 $2,684
40210 $3,045
40211 $3,038
40212 $3,033

Auto insurance in Louisville: Minimum insurance requirement in Kentucky

Nearly every state in the US, including Kentucky, mandates that drivers carry a certain minimum level of auto insurance. The following are the minimum insurance coverages in Kentucky.

  • Bodily injury liability per person - $25,000
  • Bodily injury liability per accident - $50,000
  • Property damage liability per accident - $10,000
  • Personal injury protection (PIP) - $10,000 per accident
  • Uninsured/underinsured motorist - $25,000 per person and $50,000 per accident

Useful Info For Driving In Louisville

Since Louisville is the biggest city in the state, it is fair to expect road congestion. So here are a few tips if you're driving around the city.

  • I-64 and I-65 run through, and I-71 starts in Louisville. This city's intersection of all three of these highways, just east of Downtown, has come to be known as 'Spaghetti Junction.
  • On the Kentucky side of the city, loops are formed by I-264 (Henry Watterson Expressway east of US 31W and Shawnee Expressway west of US 31W) and I-265 (Gene Snyder Freeway). Louisville is the only city in the country with two consecutively numbered three-digit Interstate roads.

Auto Theft Statistics in Louisville

Unfortunately, Louisville has the highest auto-theft rate among the four most populous cities in the state. In 2017, there were around 3,864 auto thefts in the city. The auto theft rate was 564.6 per 100,000 persons, higher than the state average and the national average rate of 237.

So, when buying car insurance in Louisville, go for one with comprehensive coverage. It will give you adequate protection if your car gets stolen.

Louisville theft rate (per 100,000 persons) United States theft rate (per 100,000 persons)
564.6 237

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Accident Statistics in Louisville

Unfortunately, Louisville is a city with a high accident rate. In 2019, around 142 vehicles were involved in fatal accidents in the city. Also, 192 persons were involved in fatal accidents, causing 94 fatalities. Additionally, there were 26 fatal accidents involving drunk persons, with 30 pedestrians involved in fatal accidents in Louisville. So, ensure to buy full coverage insurance that offers strong protection when you get involved in an accident.

Car Insurance Companies in Louisville, KY

To buy cheap car insurance in Louisville, KY, you must compare quotes from multiple insurers. That's how you can find the best insurance company in the city. In addition, our car insurance agents in Louisville can help you understand the state's most complex insurance terms and laws, coverages, and discounts. Therefore, contact our car insurance agents if you want to purchase affordable car insurance in Louisville, KY.

These are some of the car insurance companies in Louisville, KY.

Insurers
State Farm Travelers
Metlife
Liberty Mutual Nationwide
Progressive Grange
Kentucky Farm Bureau State Auto
Allstate Shelter
USAA  

Driving Conditions in Louisville

  • Driving conditions are fair.
  • Louisville traffic is easy to navigate.
  • There are 115 rainy days per year on average in Louisville. Rain averages 46 inches.
  • Snowfall averages almost nine inches.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQs

What is the average cost of insurance in Louisville?

On average, car insurance in Louisville, KY, costs a driver around $2,535 annually.

Is car insurance more expensive in Louisville, KY?

Yes. The city average is higher than the state and national averages.

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Learn more by city and state for car insurance




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