What Car Insurance is Cheapest for a 20 Year Old Female in Louisville?

It’s hard to avoid all the commercials from companies like The General, State Farm, and Farmers claiming big savings. So drivers just need to pick the company with the cutest commercial, right?

It’s not that easy, however, as there are a ton of unknown elements such as how safe your vehicle is, what deductibles to use for physical damage coverage, the annual mileage you drive, and the likelihood of vehicle theft where you live, that all influence how much you pay for auto insurance. If you keep reading, we will teach you about the best ways to save on auto insurance and will hopefully give the reader a good start in finding the cheapest insurance in Kentucky.

Finding out which company offers the cheapest auto insurance rates for 20 year old women calls for a tad more effort in order to find the best price. Each auto insurer has their own process to set policy rates, so let’s take a look at the lowest cost auto insurance companies in Louisville, KY.

Keep in mind that Louisville auto insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply having another birthday, having a teenage driver, or getting a speeding ticket may prompt premium changes resulting in some companies being cheaper than competitors.

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Who has the cheapest car insurance in Kentucky?
Rank Company Cost Per Year
1 Cincinnati Insurance $1,126
2 Kentucky Farm Bureau $1,128
3 USAA $1,223
4 Auto-Owners $1,399
5 Motorists Mutual $1,569
6 Grange Mutual $1,609
7 Travelers $1,631
8 Westfield $1,832
9 State Farm $1,848
10 Safe Auto $1,913
11 Nationwide $2,064
12 Electric $2,097
13 Progressive $2,140
14 State Auto $2,166
15 Encompass $2,358
16 GEICO $2,365
17 Safeco $2,709
18 MetLife $3,146
19 Shelter $3,167
20 Liberty Mutual $3,634
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Cincinnati Insurance may have some of the lowest car insurance rates in Louisville at around $1,126 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also are some of the more affordable Louisville, KY auto insurance companies.

As shown in the rates above, if you currently have coverage with Auto-Owners and switched to Kentucky Farm Bureau, you could realize a yearly price reduction of in the neighborhood of $271. Kentucky drivers with Motorists Mutual might save as much as $441 a year, and Grange Mutual insureds might reduce rates by $481 a year.

Bear in mind that those estimates are averages for all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for 20 year old women. So the auto insurance company that fits you best may not even be in the top 21 companies in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own individual information.

One of the more important factors that determine auto insurance rates is the neighborhood you call home in Louisville. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The illustration below rates the most expensive cities in Kentucky for 20 year old women to buy an auto insurance policy in. Louisville makes the list at #1 with a yearly premium of $2,154 for the average policyholder, which is approximately $180 each month.

How much is car insurance in Louisville?
Rank City Annual Rate
1 Louisville $2,154
2 Frankfort $1,742
3 Jeffersontown $1,719
4 Saint Matthews $1,694
5 Ashland $1,673
6 Radcliff $1,654
7 Paducah $1,647
8 Elizabethtown $1,595
9 Danville $1,581
10 Madisonville $1,552
11 Murray $1,549
12 Richmond $1,535
13 Georgetown $1,506
14 Winchester $1,501
15 Henderson $1,495
16 Covington $1,487
17 Independence $1,480
18 Hopkinsville $1,478
19 Erlanger $1,478
20 Nicholasville $1,474
21 Lexington $1,469
22 Fort Thomas $1,455
23 Owensboro $1,432
24 Florence $1,427
25 Bowling Green $1,418
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Table data uses estimated as zip code location can revise prices considerably.

The car, truck, or SUV you are seeking coverage for is one of the biggest factors when shopping for the most affordable insurance for 20 year old women. Vehicles with more horsepower, poor safety features, or a history of substantial liability claims will cost much more to insure than more economical and safe models. The data below outlines coverage costs for a handful of the most economical vehicles to insure.

Cheapest Vehicles to Insure in Louisville, KY
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V EX 4WD $4,162
Ford Escape XLT 4WD $4,167
Honda Accord EX-L 4-Dr Sedan $4,426
Toyota Prius $4,488
Ford F-150 XL Regular Cab 4WD $4,599
Ford Explorer XLT 2WD $4,609
Volkswagen Jetta SE 2.5 Station Wagon $4,751
Honda Odyssey EX $4,801
Honda Civic DX 4-Dr Sedan $4,810
Ford Focus SE 4-Dr Sedan $4,801
Toyota RAV4 Limited 4WD $4,863
Chevrolet Malibu LS $4,873
Jeep Grand Cherokee Laredo 4WD $4,863
GMC Sierra SLE Regular Cab 2WD $4,869
Ford Fusion S 4-Dr Sedan $4,863
Toyota Tacoma Double Cab TRD Sport Package 4WD $4,925
Dodge Grand Caravan Crew $4,933
Ford F-350 XL Super Cab 2WD $4,984
Ford Edge Limited AWD $5,126
Chevrolet Impala LTZ $5,136
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Data rating is based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in garaging location in Louisville, KY which can influence coverage prices noticeably.

Based upon these rates, makes and models like the Honda CR-V, Ford Escape, and Honda Accord should be the cheaper vehicles to insure for young women. The cost of a car insurance policy will trend higher just because there is more risk for 20 year old women, but generally speaking those vehicles will have the lowest insurance prices available.

Get discount Louisville auto insurance

Discounts on auto insurance for 20 year old womenInsurance providers that offer coverage for 20 year old women could also offer special discounts that could potentially reduce rates by 30% or more if you can meet the requirements. A list of companies and a summarized list of policyholder discounts are included below.

The example below shows the difference between yearly insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, anti-theft, good student, paperless filing, vehicle safety, and continuous coverage discounts applied. In this example, theaverage amount saved on auto insurance for 20 year old women is 21% or $312.

Does it make sense to buy full coverage?

Saving money when shopping for auto insurance is probably important to the majority of vehicle owners, and one way to lower the cost of insurance for 20 year old women is to buy only liability coverage. The example below illustrates the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.

On average, comprehensive and collision coverage on your policy costs an additional $1,873 per year more than just buying liability insurance. Many people question if buying full coverage is a good investment. There is no clear-cut formula of when to exclude full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s replacement value is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,500 after the deductible is paid. If it’s costing in excess of $750 annually for your policy with full coverage, then you may need to consider dropping full coverage.

How accidents and tickets impact rates

The common sense way to snag good auto insurance premiums for young women is to pay attention while driving and avoid accidents and traffic violations. The example below illustrates how speeding tickets and accident claims can impact auto insurance costs for each different age category. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

In the previous example, the average cost of car insurance per year with no violations or accidents is $2,055. Receive one speeding ticket and the average cost rises to $2,318, an increase of $263 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for 20 year old women increases to an average of $4,692. That’s an increase of $2,637, or $220 per month, just for a couple of infractions!

If you like to have a consultation when trying to find the best insurance rates for 20 year old women, the insurance agencies below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To locate an agency nearest to you, click the button following the list.

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