Who Has Affordable Louisville Auto Insurance Rates for Active Military?

One of the many things that determine the cost of insurance is where your residence is. Regions with larger populations or more claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.

The information below rates the most costly cities in Kentucky for active military in which to purchase auto insurance. Louisville is ranked at #1 with an annual cost of $2,090 for coverage, which is about $174 monthly.

How much is auto insurance in Louisville, KY?
Rank City Annual Premium
1 Louisville $2,090
2 Frankfort $1,742
3 Jeffersontown $1,685
4 Saint Matthews $1,660
5 Ashland $1,656
6 Radcliff $1,654
7 Madisonville $1,616
8 Paducah $1,599
9 Murray $1,597
10 Danville $1,581
11 Georgetown $1,551
12 Winchester $1,547
13 Elizabethtown $1,547
14 Hopkinsville $1,538
15 Richmond $1,535
16 Nicholasville $1,504
17 Henderson $1,495
18 Florence $1,485
19 Covington $1,472
20 Lexington $1,469
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Rate information is approximated as the vehicle garaging location can affect prices considerably.

Trying to buy low-cost car insurance is confusing at best, and deciding which companies quote the best auto insurance rates for active military takes additional perseverance.

Every auto insurer has a different formula to determine rates, so we’ll go over the lowest cost auto insurance companies in Kentucky. It’s important to understand that Louisville, KY auto insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. That is why it is critical to compare rates when trying to find the most budget-friendly auto insurance rates for active military. Insurance prices are impacted by many factors and can change substantially, so the best price three years ago may now be wasting a lot of money.

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Rankings for the cheapest Kentucky auto insurance companies
Rank Company Cost Per Year
1 Cincinnati Insurance $1,115
2 Kentucky Farm Bureau $1,139
3 USAA $1,187
4 Auto-Owners $1,399
5 Motorists Mutual $1,601
6 Grange Mutual $1,625
7 Travelers $1,631
8 Westfield $1,832
9 State Farm $1,848
10 Safe Auto $1,991
11 Nationwide $2,003
12 Electric $2,139
13 Progressive $2,140
14 State Auto $2,166
15 Encompass $2,288
16 GEICO $2,437
17 Safeco $2,791
18 MetLife $3,053
19 Shelter $3,167
20 Liberty Mutual $3,598
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Cincinnati Insurance generally has some of the lowest car insurance rates in Louisville at around $1,115 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual would also be considered some of the cheaper Louisville, KY car insurance companies.

In this example, if you currently buy coverage from Auto-Owners and switched to Cincinnati Insurance, you might realize an annual premium reduction of in the neighborhood of $284. Drivers with Motorists Mutual could save as much as $486 a year, and Grange Mutual insureds might reduce prices by as much as $510 a year.

It’s important to note that these estimates are averages across all drivers and vehicles and do not factor in an exact location for active military. So the auto insurance company that is best for you may not even be in the list above. That illustrates why you need to get car insurance quotes using your own driver and vehicle profiles.

The example below demonstrates how deductible levels can change annual premium costs when trying to find cheap insurance for active military. The data is based on a married male driver, full coverage, and no discounts are factored in.

In the chart above, a 30-year-old driver could lower their car insurance rates by $300 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $456 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could reduce their rates $910 or even more by choosing larger deductibles on their policy. When raising deductibles, it will be necessary to have additional savings on hand to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Violations and accidents raise rates

The obvious way to score cheap auto insurance rates in Louisville for military personnel is to be a safe driver and have a clean driving record. The chart below illustrates how violations and at-fault collisions raise car insurance costs for different categories of driver ages. The information is based on a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.

The data charted above shows the average cost of a car insurance policy in Kentucky per year with no violations or accidents is $1,633. Add in one speeding ticket and the average cost rises to $1,849, an increase of $216 each year. Now include two accidents along with the one speeding ticket and the annual cost of auto insurance for active military jumps again to an average of $3,722. That’s an increase of $2,089, or $174 per month, just for not driving responsibly!

Ratings for Kentucky auto insurance companies

Choosing the right car insurance provider is hard considering how many companies provide coverage in Louisville. The ranking data displayed below could help you select which auto insurers to look at purchasing a policy from.

These ratings include the companies with a significant amount of written premium nationwide, so companies that only write business in Kentucky or surrounding areas are not included in the list. If you wish to compare rates from these top insurers and more, simply click here.

Top 10 Large Auto Insurers in Louisville Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Top 10 Large Auto Insurers in Louisville Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Nationwide – 89%
  5. Travelers – 88%
  6. Progressive – 88%
  7. Safeco Insurance – 88%
  8. State Farm – 88%
  9. Allstate – 88%
  10. The Hartford – 87%

The agencies below can probably aid you in deciding which insurance coverage you need, as some drivers have questions and prefer to have professional advice when shopping for the best coverage for active military. It can be hard to do it yourself, so getting advice from a licensed agent can give peace of mind knowing you have enough protection.

To locate an agency close to you, click the button at the bottom of the list or click here to compare price quotes now.

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