Cheapest car insurance companies in Louisville
Auto-Owners and Travelers have the cheapest car insurance premiums for Louisville drivers in 2023, based on a data study by Insurance.com.
In Louisville, Auto-Owners provides the cheapest auto insurance rates to drivers at an average annual premium of $1,949 annually.
The cost of car insurance in Louisville varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Louisville.
| Companies | Average annual rates |
|---|---|
| Auto-Owners | $1,949 |
| Travelers | $1,956 |
| USAA | $1,983 |
| Kentucky Farm Bureau | $2,163 |
| Shelter Insurance | $2,196 |
| Geico | $2,236 |
| State Farm | $2,604 |
| Progressive | $3,165 |
| Allstate | $3,395 |
| Farmers | $4,081 |
Cheapest car insurance cost in Louisville by Age Group
Auto-Owners is the cheapest option for car insurance in Louisville for teen drivers, with average annual premiums at just $5,715 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
USAA is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Louisville at about $2,980 per year.
For Louisville drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Travelers provides the cheapest car insurance premiums, offering full coverage policies at $1,978 annually.
Travelers tops the list in terms of affordability for senior drivers in Louisville. With an average annual premium of $1,979, Travelers offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Farmers | N/A | N/A | $3,796 | $3,707 |
| Auto-Owners | $5,715 | $3,366 | $1,985 | $2,113 |
| Kentucky Farm Bureau | $6,029 | $3,729 | $2,111 | $2,038 |
| Shelter Insurance | $6,038 | $3,956 | $2,241 | $2,044 |
| Travelers | $6,211 | $3,007 | $1,978 | $1,979 |
| USAA | $6,413 | $2,980 | $2,001 | $2,088 |
| State Farm | $7,129 | $4,145 | $2,609 | $2,466 |
| Geico | $7,371 | $3,948 | $2,285 | $2,554 |
| Progressive | $9,604 | $5,135 | $3,187 | $3,162 |
| Allstate | $9,929 | $5,424 | $3,465 | $3,513 |
Cheapest car insurance companies in Louisville by driver profile
When determining car insurance rates in Louisville, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
Finding the cheapest car insurance in Louisville requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
In Louisville, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Drivers in Louisville with poor credit can get the cheapest car insurance from Geico at an average cost of $2,191 a year, according to a data study by Insurance.com.
Drivers with poor or bad credit scores in Louisville can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Geico | $2,191 |
| Nationwide | $3,107 |
| State Farm | $3,136 |
| USAA | $3,555 |
| Travelers | $3,628 |
| Allstate | $4,628 |
| Progressive | $4,869 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Louisville. Its full coverage car insurance policy costs an average of $1,603 per year for drivers aged 30.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,603 |
| USAA | $2,289 |
| Geico | $2,488 |
| Travelers | $2,816 |
| Nationwide | $3,049 |
| Allstate | $3,050 |
| Progressive | $3,775 |
Cheapest auto insurance after an at-fault accident: State Farm
According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Louisville for drivers involved in at-fault accidents, with an average annual cost of $1,710. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget.
| Company | Average annual rates |
|---|---|
| State Farm | $1,710 |
| Travelers | $2,858 |
| USAA | $3,073 |
| Geico | $3,185 |
| Nationwide | $3,450 |
| Allstate | $4,438 |
| Progressive | $5,038 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Louisville drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,603, on average.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $1,603 |
| USAA | $3,127 |
| Travelers | $3,600 |
| Allstate | $4,006 |
| Progressive | $4,658 |
| Nationwide | $4,778 |
| Geico | $5,729 |
Average car insurance cost in Louisville
Full coverage car insurance in Louisville for a coverage limit of 100/300/100 is $2,359 per year or $197 per month, while the state minimum coverage costs an average of $776 a year.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $2,359 | $776 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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