What Auto Insurance is Cheapest for Drivers with Accidents in Louisville?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are looking for the best price on coverage for drivers with accidents. To help control this cost, let’s take a look at some things that influence auto insurance prices, and come up with some ways to lower the cost of the next policy you buy.

Deciphering which companies have the best car insurance rates for drivers with accidents calls for a bit more effort in order to find the best policy.

Every insurance provider has a unique approach for determining rates in each state, so let’s take a look at the car insurance companies with the most affordable rates in Louisville, KY. Keep in mind that Kentucky car insurance rates are impacted by many things that may substantially change the cost of a policy. Simply having another birthday, increasing liability limits, or having an at-fault accident can produce rate changes resulting in some companies being much cheaper than others.

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Rankings for the cheapest car insurance companies in Kentucky
Rank Company Cost Per Year
1 Cincinnati Insurance $1,082
2 Kentucky Farm Bureau $1,128
3 USAA $1,211
4 Auto-Owners $1,399
5 Grange Mutual $1,561
6 Motorists Mutual $1,601
7 Travelers $1,680
8 State Farm $1,793
9 Westfield $1,870
10 Safe Auto $1,972
11 Nationwide $2,003
12 Electric $2,097
13 Progressive $2,119
14 State Auto $2,188
15 Encompass $2,358
16 GEICO $2,413
17 Safeco $2,791
18 Shelter $3,135
19 MetLife $3,177
20 Liberty Mutual $3,598
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Cincinnati Insurance may have some of the best car insurance rates in Louisville at around $1,082 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also make the list of some of the cheapest Louisville, KY auto insurance companies.

In the above rates, if you currently have coverage with USAA and switched to Cincinnati Insurance, you might realize a yearly price reduction of about $129. Policyholders with Auto-Owners could save as much as $317 a year, and Grange Mutual insureds might reduce rates by $479 a year.

If you want to see how much you could save, click here to get a free quote or click through to the companies below.

These premiums are averaged for all drivers and vehicles in Kentucky and and are not calculated with a specific vehicle garaging location for drivers with accidents. So the car insurance company that is most affordable for your situation may not even be in the top 21 companies in the list above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.

The make and model of vehicle needing coverage is one of the largest considerations that determines whether or not you find the most affordable insurance for drivers with accidents. Vehicles with lower acceleration and performance, an excellent safety record, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The data below ranks car insurance rates for a number of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Louisville, KY
Insured Vehicle Estimated Cost for Full Coverage
Jeep Wrangler Sport 4WD 2-Dr $4,316
Honda Accord LX 4-Dr Sedan $4,367
Honda CR-V LX 2WD $4,373
Ford Escape XLS 4WD $4,367
Ford Explorer XLT 2WD $4,624
Toyota Prius $4,748
Dodge Grand Caravan SE $4,831
Toyota RAV4 2WD $4,879
Volkswagen Jetta SE 2.5 Station Wagon $5,000
Chevrolet Malibu Hybrid $5,101
Ford Fusion S 4-Dr Sedan $5,110
Chevrolet Impala LT $5,101
Toyota Tacoma X-Runner 2WD $5,133
Ford Edge Sport AWD $5,142
Toyota Camry LE $5,175
GMC Sierra SLE Crew Cab 2WD $5,181
Jeep Grand Cherokee Laredo 4WD $5,175
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Data based on single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Prices do not factor in garaging location in Louisville, KY which can decrease or increase premium rates greatly.

Based on these rates, you can assume that vehicles like the Jeep Wrangler, Honda Accord, and Honda CR-V are likely to be a few of the cheaper vehicles to insure for drivers with at-fault accidents. Auto insurance rates will be higher anyway just due to the fact that there is more liability exposure for drivers with accidents, but generally speaking those makes and models will most likely have the best insurance prices that you are likely to find.

Discount Louisville insurance rates

Discounts on car insurance for drivers with accidentsInsurance providers that provide coverage for drivers with accidents may also offer special discounts that may potentially lower prices by 25% or more if you are eligible to receive them. Larger car insurance companies and their possible discounts can be found below.

The chart below compares insurance premiums with and without discounts applied. The rates are based on a male driver, two at-fault accidents and no violations, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with passive restraint, homeowner, paperless filing, vehicle safety, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for drivers with accidents is 29% or $968.

The diagram below illustrates how your deductible choice can change insurance rates when searching for cheap insurance for drivers with accidents. The costs are based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.

A 30-year-old driver could lower rates by $250 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $382 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, have the ability to save $756 or even more just by using higher deductibles. If you make the decision to raise deductibles, it will be necessary to have plenty of money set aside to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Louisville car insurance company ratings

Buying coverage from the best company can be a challenge considering how many companies are available to choose from in Louisville. The ranking data shown below can help you analyze which providers you want to consider purchasing a policy from. The ratings below only include large, nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for this list.

Top 10 Major Auto Insurance Providers in Louisville Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. GEICO
  6. Liberty Mutual
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. The Hartford