Who Has the Cheapest Auto Insurance Quotes for College Students in Kentucky?

Who Has the Cheapest Auto Insurance Quotes for College Students in Kentucky?

You have most likely watched the ads from auto insurance companies like State Farm and Allstate promising dirt cheap rates. So drivers just need to pick the company with the catchiest ad, right?

It’s just not that simple, as there are a whole slew of unknown aspects like the area you live in, if your vehicle is used to commute, and the deductible level you need. The information below covers the best ways to pay less and hopefully give you enough understanding to have a good start to your coverage search.

The cost and performance of the vehicle to be insured is a large factor when looking for the cheapest auto insurance for college students in Kentucky. Vehicles with high performance engines, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.

The tables below showcases coverage prices for a number of the most economical vehicles to buy coverage for.

Insurance Rates for Popular Cars in Kentucky
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Malibu LTZ $2,112 $1,056 $176
Ford Focus SES 2-Dr Coupe $2,240 $1,120 $187
Ford Fusion SEL AWD 4-Dr Sedan $2,242 $1,121 $187
Honda Accord EX-L 4-Dr Sedan $1,800 $900 $150
Honda Civic DX 2-Dr Coupe $2,358 $1,179 $197
Hyundai Elantra GLS Touring Station Wagon $1,670 $835 $139
Nissan Altima Hybrid 4-Dr Sedan $2,112 $1,056 $176
Toyota Corolla XLE $2,086 $1,043 $174
Volkswagen Jetta 2.0T Station Wagon $1,934 $967 $161
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Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific Kentucky garaging location which can influence premiums noticeably.

Auto Insurance Rates for Popular SUVs and Crossovers in Kentucky
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Traverse LS AWD $1,720 $860 $143
Ford Escape Limited 4WD $1,800 $900 $150
Ford Expedition King Ranch 2WD $1,958 $979 $163
Ford Explorer XLT AWD $1,872 $936 $156
GMC Acadia SLE 2WD $1,872 $936 $156
Honda CR-V LX 4WD $1,670 $835 $139
Honda Fit $1,550 $775 $129
Honda Pilot EX-L 2WD $2,004 $1,002 $167
Jeep Grand Cherokee Limited 2WD $2,112 $1,056 $176
Jeep Patriot Limited 4WD $1,978 $989 $165
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $2,168 $1,084 $181
Kia Sportage LX $1,978 $989 $165
Toyota Highlander Sport 2WD $2,004 $1,002 $167
Toyota RAV4 Sport 2WD $1,978 $989 $165
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Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific location which can revise prices considerably.

Insurance Rates for Popular Pickup Trucks in Kentucky
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado 3500HD LT Crew Cab 2WD $2,136 $1,068 $178
Chevrolet Silverado LS Regular Cab 4WD $1,848 $924 $154
Dodge Ram 2500 Crew Cab ST 2WD $2,372 $1,186 $198
Dodge Ram Quad Cab TRX4 Off Road 4WD $2,290 $1,145 $191
Ford F-150 Lariat Super Cab 4WD $2,004 $1,002 $167
Ford F-250 King Ranch Crew Cab Turbo Diesel 2WD $2,396 $1,198 $200
Ford F-350 Crew Cab Cabela Package 4WD $2,836 $1,418 $236
GMC Sierra SLE Crew Cab 4WD $2,112 $1,056 $176
Toyota Tacoma 2WD $1,954 $977 $163
Toyota Tundra SR/5 Crew Max 2WD $2,132 $1,066 $178
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Data rating is based on single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific location which can revise coverage prices greatly.

When shopping for cheaper insurance for students in college, one of the many factors that is used by insurance companies to determine the price of your policy is where your home is located in Kentucky. Areas with more people or higher crime rates like Louisville, Jeffersontown, and Saint Matthews tend to have higher auto insurance costs, whereas areas with less crime or weather claims have the gratification of the cheapest auto insurance for college students in Kentucky.

The table below rates the most expensive areas in Kentucky for college students in which to purchase auto insurance.

How much does car insurance cost in Kentucky?
Rank City Premium Per Year
1 Louisville $2,176
2 Frankfort $1,795
3 Jeffersontown $1,685
4 Ashland $1,673
5 Saint Matthews $1,643
6 Paducah $1,631
7 Radcliff $1,606
8 Murray $1,597
9 Danville $1,596
10 Elizabethtown $1,595
11 Madisonville $1,552
12 Winchester $1,547
13 Hopkinsville $1,538
14 Covington $1,517
15 Henderson $1,511
16 Georgetown $1,491
17 Richmond $1,490
18 Florence $1,471
19 Lexington $1,469
20 Independence $1,466
21 Nicholasville $1,459
22 Erlanger $1,435
23 Bowling Green $1,433
24 Owensboro $1,418
25 Fort Thomas $1,412
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Rate information is approximated as the garaging address in Kentucky can revise prices noticeably.

Establishing which companies have the lowest-priced insurance rates for college students calls for more work than just comparing rates from one or two companies. Every auto insurer uses different criteria to determine rates, so let’s rank the insurance companies that tend to be cheaper in Kentucky.

It’s a good idea to be aware that Kentucky insurance rates are determined by lots of factors which can substantially change the cost of your policy. Getting older, getting divorced, or getting caught speeding can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.

Lowest Insurance Price Quotes for College Students

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Cheapest Kentucky auto insurance companies
Rank Company Cost Per Year
1 Cincinnati Insurance $1,115
2 Kentucky Farm Bureau $1,163
3 USAA $1,211
4 Auto-Owners $1,413
5 Motorists Mutual $1,601
6 Grange Mutual $1,609
7 Travelers $1,614
8 State Farm $1,812
9 Westfield $1,814
10 Safe Auto $1,913
11 Nationwide $2,064
12 Progressive $2,077
13 Electric $2,139
14 State Auto $2,232
15 Encompass $2,288
16 GEICO $2,365
17 Safeco $2,763
18 MetLife $3,177
19 Shelter $3,263
20 Liberty Mutual $3,634
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Cincinnati Insurance may have some of the best car insurance rates in Kentucky at around $1,115 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also are some of the cheapest Kentucky car insurance companies.

In the rate table above, if you currently buy coverage from Kentucky Farm Bureau and switched to Cincinnati Insurance, you could earn savings of upwards of $48. Insureds with USAA may save as much as $96 a year, and Auto-Owners customers might lower prices by $298 a year.

It’s important to note that these premium estimates are averages for all insureds and vehicles and do not factor in a price increase for college students. So the insurer that fits your needs best may not even be shown in the company chart above. That is why you need to compare prices as often as possible using your own driver data and vehicle information.

The information below highlights how deductible selection can raise or lower yearly insurance costs when getting quotes for cheap insurance for college students. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

As shown above, a 50-year-old driver could reduce rates by $364 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $548 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could possibly save $1,214 each year by choosing a higher deductible.

When choosing a higher deductible, it is important to have plenty of savings on hand to enable you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Cheap insurance quotes for students in college

Drivers have a lot of ways to quote and buy insurance in Kentucky, but the most popular methods are from a captive (or exclusive) agency such as Liberty Mutual or Allstate, a non-exclusive or independent agent, or buying direct from a company like Geico or Progressive.

Each way has the same basic steps, but insurance buyers need to understand the differences in how they function.

Independent insurance agencies have contracts with multiple insurance companies and can quote your policy with all of them. Agents of this type can compare multiple rates, which can help you get the best idea of how your rates compare. If they find a lower price, they simply switch companies in-house and you stay with the same agent.

Exclusive agencies are only able to write business for a single insurance company like a State Farm or Liberty Mutual agent. Exclusive agents normally do not have the ability to provide rates from more than one company, so you need to shop around if the rates are high.

Opting to purchase insurance direct means you do not use local agents and buy from a direct company like Progressive or Geico. Buying insurance direct may be the best choice drivers who have limited assets and know what insurance covers and what it doesn’t.

What is the best method for finding the cheapest auto insurance for college students in Kentucky? The majority of people assume that shopping direct yields the cheapest rates since that eliminates agent commissions, but unfortunately, that is not the case. A valid argument could also be made that buying insurance from an independent agent results in the cheapest rates since they have more companies to choose from, but that’s not always true, either. In some circumstances, exclusive agents have very competitive rates that are the cheapest.

Because it’s impossible to say who has the best insurance rates, the only true way to buy the cheapest coverage is to get quotes and compare the rates. If time allows, get prices from all three types to have enough rates to compare. For a list of companies offering online discounts, click here to view.