Who Has the Cheapest Car Insurance Quotes for a School Permit in Kentucky?

Everyone has different tastes in autos, and the style of vehicle you are trying to insure is probably the biggest factor that determines whether or not you find the cheapest auto insurance for a school permit in Kentucky. Vehicles with high performance, poor passenger safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models.

The next lists estimates car insurance premiums for a number of the most economical vehicles to buy insurance for.

Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in garaging location in Kentucky which can increase or decrease insurance rates significantly.

Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can impact price quotes substantially.

Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in vehicle garaging location which can alter auto insurance rates considerably.

When buying car insurance for a learners permit, one of the key criteria that is used by car insurance companies to calculate car insurance rates is where you keep your car. Areas with more people or more claims like Louisville, Jeffersontown, and Ashland are more likely to have higher rates, whereas more rural areas generally have lower rates.

The following table displays the more expensive cities in Kentucky for a school permit to purchase car insurance in.

Prices are estimated as specific Kentucky garaging address can alter premium rates significantly.

Liability rates compared to full coverage

Finding the cheapest auto insurance for a school permit in Kentucky is important to the majority of drivers, and one way to reduce the cost of insurance is to not insure for full coverage. The diagram below compares premium costs when comparing full coverage to liability only. The rate quotes are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied.

If we average the cost for all age groups, physical damage insurance costs an additional $1,374 per year more than insuring for liability only. Many drivers may wonder if it’s a good idea to buy full coverage. There is no definitive formula for dropping comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

Discounts on the cheapest auto insurance for a school permit in Kentucky

Auto insurance companies that offer coverage for a school permit may also offer rate discounts that could potentially reduce rates by as much as 30% if you meet certain criteria. A list of companies and some of the discounts are shown below.

• GEICO has savings for emergency military deployment, defensive driver, five-year accident-free, daytime running lights, and multi-vehicle.
• Travelers has discounts for early quote, multi-policy, payment discounts, continuous insurance, IntelliDrive, and hybrid/electric vehicle.
• Nationwide discounts include defensive driving, easy pay, anti-theft, good student, Farm Bureau membership, business or organization, and multi-policy.
• Farmers Insurance may have discounts that include pay in full, good student, homeowner, youthful driver, early shopping, alternative fuel, and business and professional.
• Esurance may offer discounts for multi-car, anti-theft, anti-lock brakes, Switch & Save, and good driver.
• State Farm may include discounts for accident-free, defensive driving training, Steer Clear safe driver discount, good student, and good driver.
• Progressive offers discounts for multi-policy, continuous coverage, homeowner, online signing, good student, and online quote discount.
• Mercury Insurance offers premium reductions for anti-theft, professional/association, annual mileage, accident-free, good student, multi-car, and type of vehicle.

The chart below shows the difference between annual premium costs with and without discounts. The premiums assume a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with paid-in-full, good student, vehicle safety, anti-theft, paperless filing, and continuous coverage discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a school permit is 28% or $597.

How to find economical insurance for a school permit

It is possible to find better rates, and here are some of the better money-saving suggestions that can help you buy more affordable coverage.

• Save money by staying claim-free
• Save money by observing traffic laws and speed limits
• The safer your car, the less it costs to insure
• Having at-fault accidents will increase rates
• Save money by bundling your home and auto policies
• Compare prices frequently to find the best deal

The last suggestion is particularly vital, as was discussed in this write-up. Auto insurance prices can be modified anytime, so don’t be unwilling to buy a different policy if you can save money. Many drivers prefer to stick with one company, but it’s not a good idea if that faithfulness ends up costing you a wad of cash every year. In just a few minutes you could compare prices and find cheaper car insurance for a school permit.